The investment seeks a high level of current income. The fund invests at least 80% of net assets in church mortgage bonds and church mortgage loans. Church mortgage bonds are corporate debt securities issued by non-profit organizations that have a stated Christian mission, including local churches, denominations and associations, educational institutions, para-church and other Christian mission-related organizations for purposes including construction, purchase or refinancing of existing real property. It may invest up to 20% of net assets in short-term money market instruments and other non-church mortgage bond & loan investments. The fund is non-diversified.
Fund filings (PDF) »
Claude Cody IV (Started: Jan 28, 2010)
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Capstone, 5847 San Felipe, Suite 4100