Access Capital Community Investment
United States of America
Last updated 11 May 2020, by Impactyield.
Developed countries (203) / More developed regions (202) / More developed regions (North America, Asia & Oceania) (153) / United States of America (112)
RBC Access Capital Community Investment Fund makes socially responsible investments that build stronger communities through its support of low-and moderate-income home buyers, affordable rental housing units, small business administration loans and economic development projects.
The Fund is designed for investors seeking a competitive return on high quality debt securities that support underlying community development activities in distinct parts of the United States.
The fund invests in AAA securities and has no exposure to subprime mortgages, ARMs or jumbo loans. Current holdings may change and are subject to risk. The fund also offers shareholders the ability to meet CRA requirements in a registered fund with geographically diversified AAA securities.
The Fund seeks to achieve its investment objective by investing primarily in high quality debt securities and other debt instruments supporting the affordable housing industry in areas of the United States designated by Fund shareholders. Within those parameters, the Fund seeks a competitive return consisting of current income and capital appreciation.
The Fund defines instruments supporting the “affordable housing industry” to include government-guaranteed loans, asset-backed securities, particularly mortgage-backed securities, small business loans, taxable and tax-exempt municipal securities, and other instruments supporting affordable housing and community development, and serving low- and moderate-income (“LMI”)individuals and communities.
These investments may involve private placement transactions and may include variable rate instruments. The Fund is non-diversified and, therefore, compared to a diversified investment company, the Fund may invest a greater percentage of its assets in securities of a particular issuer. The Fund may borrow money from banks and enter into reverse repurchase agreements to obtain additional funds to make investments.
of track record
the year funded
Equal rights to ownership basic services technology and economic resources
Safe and affordable housing
Universal access to sexual and reproductive care, family planning and education
Free primary and secondary education
Develop sustainable, resilient and inclusive infrastructures
Key performance indicators
Asset manager: RBC Global Asset Management
Product track record: Fund has 25 years of track record
Target IRR: n.a.
Committed Capital: n.a.
Target return category: Risk-adjusted market-rate of return
Fund domicile: United States of America
Product status: Open - committed capital
Inception year: 1998
Vintage year: 1998
Target region: Developed countries, More developed regions, More developed regions (North America, Asia & Oceania), United States of America
Target close date: n.a.
Product term: n.a.
Assets under management: n.a.
Investment size: Min: 1,000,000; Max: 0; Avg: 0
Currency of investments: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
Fund investments to date: 0
Fund investments to date exited or repaid: 0
Management fee: n.a.
Carried interest: n.a.
Hurdle rate: n.a.
GIIN Investors' Council Investment: No
Limited Partners / Investors: n.a.
Limited Partner / Investor Type: n.a.
Phone number: 212-703-6229
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Brian Svendahl, CFA
Co-Lead Portfolio Manager, Impact Investing; Managing Director, Co-Head, US Fixed Income
Institutional Portfolio Manager
Associate Portfolio Manager
The fund invests in high quality investments supporting affordable homeownership, affordable rental housing, healthcare and educational facilities, small business and job creation, and infrastructure projects. Investors can target their investment by geography.
Cat 50% BBgBarc US Corp Bond TR USD & BBgBarc US Corporate High Yield TR USD