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) »

Asset manager:
Claude Cody IV (Started: Jan 28, 2010)

Advisor Company:
Capstone Asset Management Company
Fund family reports on Morningstar »

	1 year	3 years	5 years	10 years
Alpha*	-12.95	-4.90	-1.22	-
Beta*	0.13	0.03	-0.01	-
Mean annual return	-1.00	-0.38	-0.05	-
R-squared*	0.35	0.04	0.02	-
Standard deviation	5.09	4.18	3.53	-
Sharpe ratio	-2.36	-1.12	-0.38	-
* Against standard index

Risk measurement details »

Security	Net Assets
Naos 6.9%	6.70%
Pleasant Grove Missionary Baptist Foundation 7.50%	4.25%
Igreja Batista Do Calvario 8.75%	1.89%
First Baptist Church Of Clovis 7.30%	1.73%
Mount Olive Missionary Baptist Church Of Fresno 3.50%	1.72%
God First Breakthrough Ministries, Inc. 6.50%	1.67%
The Sound Of His Voice Christian Fellowship, Inc. 7.75%	1.18%
Abyssinia Mission Bapt Church 7.5%	0.82%
Iglesia Chrisiana Verbo De Dios, Inc. 0.00%	0.77%
Madison Pk Church Of God 7.9%	0.76%

Holdings Performance »