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Mutual Funds > Fixed Income Funds > Access Capital Community Investment Fund

Access Capital Community Investment Fund

Investment Strategy

The Fund's investment objective is to invest in geographically specific debt securities located in portions of the United States designated by Fund investors.
Key Features

  • Investors may target their investment by geography (Requires minimum investment of $500,000 for A Shares)
  • Currently, the Fund is national in scope with investments in 48 states, the District of Columbia and 2 territories
Cumulative Community Impact - Access Capital
Community Investment Fund (6.30.98 - 3.31.14)

12,718 Low- to Moderate-Income Home Buyers
26,084 Affordable Rental Units
4,454 Nursing Home Facility Beds
27 Rural Housing
88 Rural Enterprise
374 SBA Loans
74 Economic Development
14 Community-Based Not-For-Profit Organizations

Daily Prices

As of 10/24/2014 NAV $ Change % Change
A Shares  $9.34 $0.01 0.11%
I Shares  $9.33 $0.01 0.11%
CLICK ON THE PERFORMANCE TAB ABOVE FOR STANDARDIZED PERFORMANCE. Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than performance quoted. Performance data current to the most recent month end may be found at the link above or by calling 800-422-2766.

Security Description

  Ticker CUSIP Inception Date
A Shares ACASX 74926P779 1/28/2009
I Shares ACCSX 74926P761 6/30/1998
Annual Fund Operating Expenses
 
A
I
Management Fees1
0.50%
0.50%
Other Expenses (includes 0.07% Interest Expense)1,2
0.31%
0.15%
Distribution & Service (12b-1) Fees
0.25%
0.00%
Total Annual Fund Operating Expenses
1.06%
0.65%
Fee Waiver and/or Expense Reimbursement
(0.04)%
(0.00)%
Total Annual Fund Operating Expenses after Fee Waiver and/or Expense Reimbursement
1.02%
0.65%


Current Access Capital Community Investment Fund shareholders can access their account information here.

1 The Annual Fund Operating Expenses of the Fund have been restated to reflect an amendment to the Management Fees effective September 9, 2013. Under this amendment, assets purchased with borrowed monies are no longer included in the assets that are subject to the management fee.

2 The Advisor has contractually agreed to waive fees or pay operating expenses through January 31, 2015, to maintain Other Expenses, which does not include Interest Expense, Management Fees or Distribution and Service (12b-1) Fees, at 0.20% of the Fund’s average monthly gross assets less accrued liabilities, other than indebtedness for borrowing. The Fund will carry forward, for a period not to exceed 12 months from the date on which a waiver or reimbursement is made by the Advisor, any expenses in excess of the expense limitation and repay the Advisor such amounts, provided the Fund is able to effect such repayment and remain in compliance with the expense limitation disclosed in the effective prospectus.

Performance data quoted represents past performance. Past performance does not guarantee future results. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than performance quoted.

The Barclays Capital U.S. Securitized Index is an unmanaged index that tracks the performance of mortgage-backed pass-through securities issued by Ginnie Mae, Fannie Mae, and Freddie Mac, investment-grade bonds and asset-backed securities. The Barclays Capital U.S. Aggregate Bond Index is an unmanaged index that tracks the performance of a representative list of government, corporate, asset-backed and mortgage-backed securities. One cannot invest directly in an index.


Before investing, you should carefully consider a fund’s investment objectives, risks, charges and expenses. This and other information is included in the prospectus, which you can request by visiting https://us.rbcgam.com/mutual-funds/literature/content/default.fs or calling 800.422.2766. Please read the prospectus carefully before investing.

RBC Global Asset Management (U.S.) Inc. serves as investment adviser for RBC Funds. The RBC Funds are distributed by Quasar Distributors, LLC.

NOT FDIC INSURED. NO BANK GUARANTEE. MAY LOSE VALUE.


 

Key Data

Benchmark
Barclays U.S. Securitized Index
Index
Barclays U.S. Aggregate Bond Index
Total Net Assets (As of 9/30/2014)
$497.14 Million
Dividend Frequency
Monthly
Minimum Initial Investment
$2,500 A Shares
$1 Million I Shares
 
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