Community Capital Management, LLC (“CCM”) was founded in 1998. CCM is majority owned by CCM Holding Company, LLC, a principal owner of which is Todd Cohen and minority owned by Impact Analytics LLC, the owner of which is Todd Cohen. CCM is an investment adviser providing investment supervisory services on a discretionary or non-discretionary basis. Investment management is guided by the objectives articulated by the client (i.e., preservation of capital, growth, income, growth and income) and clients can impose reasonable restrictions on investing in certain securities or types of securities. CCM also provides investment supervisory services on a discretionary basis to two series trusts, the Community Capital Trust and the Quaker Investment Trust (the “Registered Trusts”) including, respectively, the CCM Community Impact Bond Fund and the CCM Affordable Housing MBS ETF (the “Registered Funds”), all open-end management investment companies. In addition to offering direct accounts, CCM also offers investment advisory services to clients through “wrap programs” offered by broker‐dealers, investment advisers and other financial institutions (“sponsors”). Through these wrap programs, clients are offered a program of services, including comprehensive brokerage, custodial, and advisory services. These programs typically offer these bundled services for an all‐inclusive wrapped fee; however, the clients are charged an SEC fee and may be charged other fees. The fees for these programs are typically based on a percentage of assets under management. Under some program

arrangements, the fees are not bundled. In such a case, the sponsor and CCM each charge a separate fee for the services provided. Please read Item 5 of this brochure for more information on fees. CCM offers advisory services through wrap programs to individuals, trusts, estates, corporations, pension and profit-sharing plans, and others. CCM is chosen by the client to act as a sub‐adviser through a pre‐selection process administered by the introducing broker‐dealer or financial consultant. Although CCM does not normally have direct client contact, the pre‐selection process is sufficiently detailed that CCM is able to provide individualized investment services. In most of these accounts, CCM is hired for specific investment models or strategies. Although investment restrictions are allowed in these accounts, CCM is usually given full investment discretion, and CCM exercises discretionary authority for the securities to be bought and sold, and the timing of the transactions. CCM’s ongoing contact with the introducing broker‐dealer or financial consultant ensures the ability to maintain individualized investment services. CCM is available for direct telephone conversations with clients at the request of the introducing broker or financial consultant. CCM also is available for in‐person, one‐ on‐ one meetings when appropriate. CCM engages in Fixed Income Impact Strategies, which is described in greater detail in Item 8 below and may offer other customized fixed income strategies. As of December 31, 2023, CCM managed $4,995,503,762 in assets on a discretionary basis.