CRA Qualified InvestmentCRAIX

Morningstar Rating

Fund Research and Analysis

by Lawrence Jones

CRA Qualified Investment is a fine option, but keep expectations in check.

This fund's approach involves a different take on socially responsible investing. Unlike most SRI fund managers who use a screening process to eliminate certain, presumably Read more

Kudos

Competitive longer-term returns especially compared with intermediate government funds.

Very solid performance in periods of credit market distress, such as 2002 and 2008. Read more

Risks

The fund's narrow focus limits its flexibility and may hold it back compared with its more diversified rivals.

Above-average costs. Read more

Strategy

This fund's main goal has been to provide banks with investments that meet the low- and moderate-income community investment requirements of the Community Reinvestment Act of 1977. It targets primarily Read more

Management

This is the sole offering from a small company. Manager Barbara VanScoy brings nearly a decade of CRA experience to the fund, and more than 18 years of investment industry experience overall. Alyssa Greenspan, who joined management here in 2005, backs Read more

Inside Scoop

This offering is essentially a mortgage fund with a twist. It limits its investment to securities that meet the qualifications for community investment as defined by the Read more

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