Access Capital Community Investment

United States of America

Last updated 11 May 2020, by Impactyield.

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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.


Asset class

Fund style

Not listed


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.

24 years

of track record

1998

the year funded

n.a.

AUM

Asset manager

RBC Global Asset Management

Website

Headquarters location:

SDG goals

SDG targets

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

Fund overview

Asset manager: RBC Global Asset Management

Product track record: Fund has 24 years of track record

Target IRR: n.a.

Committed Capital: n.a.

Target return category: Risk-adjusted market-rate of return

Fund domicile:

Product status:

Style/Stage:

Inception year: 1998

Vintage year: 1998

Target region: , , ,

Target close date: n.a.

Product term: n.a.

Assets under management: n.a.

Investment size: Min: 1,000,000; Max: 0; Avg: 0

Co-investment policy:

Currency of investments:

Currency for fund / product figures:

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.

Contact

E-mail: n.a.

Website: https://us.rbcgam.com/mutual-funds/fixed-income-funds/fg-4/fsg-7/fid-15/individu...

Phone number: 212-703-6229

If you wish to have your details removed from this database please email gdpr@impactyield.com


Brian Svendahl, CFA

Co-Lead Portfolio Manager, Impact Investing; Managing Director, Co-Head, US Fixed Income

Catherine Banat

Institutional Portfolio Manager

Mindy Frye

Associate Portfolio Manager

Impact Performance

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n.a.

Impact thesis

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.

Impact Management

n.a.

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