About CDCDX
The Community Development Fund Class A is an institutional bond fund specifically structured to support community development initiatives across the United States. Its primary purpose is to generate current income while preserving capital by investing mainly in high-quality fixed income securities. A significant distinguishing feature is the fund's focus on securities and debt instruments deemed qualifying under the Community Reinvestment Act (CRA). These investments are aimed at institutions, such as banks and thrifts, that are subject to CRA regulations, allowing them to receive regulatory credit for supporting affordable housing and broader economic development in low- and moderate-income (LMI) communities.
The fund's portfolio predominantly consists of mortgage-backed and commercial mortgage-backed securities issued or guaranteed by U.S. government agencies, including Fannie Mae, Freddie Mac, and Ginnie Mae, as well as targeted municipal bonds and certificates of deposit from community-oriented financial institutions. By geographically targeting investments down to the census tract level, the fund delivers tangible impacts in communities most in need. Institutional in nature, The Community Development Fund Class A plays a significant role in aligning financial objectives with measurable social outcomes, especially in the sphere of affordable housing for LMI households and supporting compliance with regulatory community investment requirements.
Fund Family Community Development Fund
Category US Mortgage
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol CDCDX
Share Class Class A Shares
Index Bloomberg U.S. Aggregate Bond TR
CDCDX had a total return of -1.77% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.11%.
