Access Capital Community Investment

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.

Financial description

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.