Community Capital Management Liquid Alternative Mutual Fund Celebrates One-Year Anniversary

MIAMI, June 16, 2014 /PRNewswire/ -- Community Capital Management, Inc. (CCM) is pleased to announce its CCM Alternative Income Fund (the "Fund") (ticker: CCMNX) recently celebrated its one-year anniversary.  Highlights of the Fund's performance include:

• From inception on May 31, 2013 through May 31, 2014, the Fund returned 7.24%, ranking it in the 13th percentile within the eVestment Alliance (eA) Multialternative universe (267 funds); 
• Its Sharpe Ratio is 2.94 for the same time period, in the eA Multialternative universe;
• The Fund's correlation as of 5/31/14 (monthly since inception: 5/31/13) to the Barclays US Aggregate Bond Index and S&P 500 is 0.14 and negative 0.04, respectively, and its 30-Day SEC Yield is 3.56% (as of 5/31/14).

CCMNX is designed to provide investors with hedged income; that is, income and capital preservation by combining a hedged portfolio of dividend-paying equities with investment grade fixed income securities.  It looks to deliver positive total returns with income as a key component regardless of market conditions.

"We saw an unmet need from investors looking for income without the effect of swings in interest rates and equity markets," said David Sand, chief investment strategist at CCM. "We are incredibly proud of the Fund's ground-breaking strategy and performance to date and feel we are meeting those investor needs beyond our expectations."

"We believe there are many applications of the strategy ranging from fixed income investors concerned about a rising rate environment to people sitting on cash, unsure where to invest given the large run in equities and the end to the Federal Reserve's Quantitative Easing," said Andrew Cowen, managing member, Badge Investment Partners, sub-adviser to CCMNX.  "The Fund's performance to date demonstrates it can deliver strong risk-adjusted returns to investors looking for both capital preservation and income."

CCM invites those interested in learning more about CCMNX for a live one-hour webinar on Thursday, June 19 at 2:00pm (ET) which will focus on:

• CCMNX hedged income strategy;
• Risk management; and
• Positioning CCMNX as a cash, fixed income or equities alternative.

To register, please visit https://attendee.gotowebinar.com/register/8356767017651830529.

About Community Capital Management, Inc.

Community Capital Management, Inc. (CCM) is an independently-owned, client-focused, registered investment adviser.  Headquartered in Fort Lauderdale, Florida with offices in Charlotte, North Carolina and Boston, Massachusetts, the firm was founded in 1998 and currently manages approximately $2 billion in assets as of 3/31/14.  CCM's flagship core fixed impact investing strategy is available as a separate account or via a mutual fund (CRA Qualified Investment Fund).  Other products managed by CCM include the CCM Alternative Income Fund and separate account strategies in tax-exempt fixed income impact investing and liability-driven investing. For more information, please visit www.ccmfixedincome.com.

About Badge Investment Partners LLC

Badge Investment Partners LLC (Badge) is a registered investment adviser and was founded in 2013.  Badge offers extensive experience investing across the capital structure and in analyzing, trading and investing in both equity and credit of companies across multiple industries.  Badge currently serves as sub-advisor to the CCM Alternative Income Fund overseeing and managing the equity long/short and high yield credit sectors of the Fund.  For more information, please visit www.badgecapital.com.

As of 3/31/13, the CCM Alternative Income Fund returned 4.18% (since inception: 5/31/13).  Performance quoted is past performance and does not guarantee future results.  Current performance may be lower or higher than the performance data quoted.  An investor's investment return and principal value will fluctuate so that your shares, when redeemed, may be worth more or less than your initial cost.  To obtain the most recent month-end standardized performance, call 877-272-1977.  The unsubsidized 30-day yield is 3.56% (5/31/14).  The total annual operating expense is 1.99%.  The net expense ratio is 1.60%.  Waivers are contractual and in effect until 9/30/14.   

Community Capital Management, Inc. is a Florida-based investment adviser registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940.

The CCM Alternative Income Fund (formerly the CCM Active Income Fund) is distributed by SEI Investments Distribution Co. (SIDCo), 1 Freedom Valley Dr., Oaks, PA 19456. SIDCo is not affiliated with Community Capital Management or Badge Investment Partners LLC. Investing involves risk, including possible loss of principal. Bonds and bond funds will decrease in value as interest rates rise.  High yield bonds involve greater risks of default or downgrade and are more volatile than investment grade securities, due to the speculative nature of their investments.  The Fund uses investment techniques that are different from the risks ordinarily associated with equity investments.  Such techniques and strategies include hedging risks, merger arbitrage risks, derivative risks, short sale risks, leverage risks, commodities risk, and foreign investment risks, which may increase volatility and may increase costs and lower performance. Commodities can be highly volatile and the use of leverage may accelerate the velocity of potential losses.

Carefully consider the Fund's investment objectives, risks, charges, and expenses. This and other information can be found in the Fund's prospectus which can be obtained by calling 866-202-3573. Please read it carefully before investing.

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SOURCE Community Capital Management, Inc.