Community Capital Management LLC

ITEM 5. Fees and Compensation
CCM’s impact core fixed income strategy, impact securitized strategy, and impact tax-exempt
municipals strategy annual fees for direct (non-sub-advisory) separately managed accounts are
payable quarterly in arrears or pre-paid in advance (depending upon the custodian) and based upon
the calendar quarter market value either as provided by the pricing agencies utilized by CCM or by
the custodian when mandated by contract according to the following standard schedule:
        Assets under Management             Annual Fee as a Percentage of Assets
        First $25,000,000                   0.40%
        Next $25,000,000                    0.30%
        Next $50,000,000                    0.25%
        Balance                             0.20%
The minimum for direct separately managed accounts is $10 million. Minimums may be waived in
certain circumstances.
CCM’s impact mortgage-backed securities strategy annual fees for direct (non-sub-advisory)
separately managed accounts are payable quarterly in arrears or pre-paid in advance (depending upon
the custodian) and based upon the calendar quarter market value either as provided by the pricing
agencies utilized by CCM or by the custodian when mandated by contract according to the following
standard schedule:
        Assets under Management             Annual Fee as a Percentage of Assets
        First $25,000,000                   0.30%
        Next $25,000,000                    0.25%

                                                               Community Capital Management, LLC
                                                                      Investment Adviser Brochure

        Next $50,000,000                     0.20%
        Balance                              0.15%
The minimum for direct separately managed accounts is $25 million. Minimums may be waived in
certain circumstances.
CCM’s impact core fixed income strategy annual fees for sub-advisory and dual contract separately
managed accounts are payable monthly in arrears or pre-paid in advance (depending upon the
custodian) and based upon the calendar quarter market value provided by the custodian (including
wrap sponsors) according to the following standard schedule:
        Assets under Management              Annual Fee as a Percentage of Assets
        First $25,000,000                    0.40%
        Next $25,000,000                     0.30%
        Next $50,000,000                     0.25%
        Balance                              0.20%
The minimums for sub-advisory and dual contract SMAs are $5 million. Minimums may be waived
in certain circumstances.
CCM’s impact core fixed income strategy annual fees for separately managed wrap accounts in UMA
Unified Managed Accounts are payable monthly in arrears or pre-paid in advance (depending upon
the custodian) and based upon the calendar quarter market value provided by the wrap sponsors
according to the following standard schedule:
Annual Fee                                             0.30%
The minimum for UMA accounts is $5 million for single-style accounts or $5 million for multi-style
accounts.
Fees for providing investment advisory services to wrap program accounts are determined by an
agreement between CCM and the introducing broker dealer, program sponsor, or financial consultant.
The introducing program sponsors typically collect the total wrap fee on a quarterly basis and remit
CCM’s portion. However, under some contractual agreements, the introducing broker and CCM each
charge and collect a separate fee for their services. Fees are due on a pro rata basis upon termination
of the agreement by the client. A client may terminate the contract at will, and there is usually a
requirement to file thirty days written notice. Termination clauses provided by the program master
agreements may vary. Lower fees for services comparable to those offered by CCM may be available
from other firms.
CCM provides additional advisory services on a discretionary and non-discretionary basis to

                                                              Community Capital Management, LLC
                                                                     Investment Adviser Brochure

accounts which have opted to participate in private lending arrangement(s) for impact and emerging
funds through Bold Line Capital, LLC. Fees for participation are:
        Assets under Management              Annual Fee as a Percentage of Assets
        First $100,000,000                   0.30%
        Next $100,000,000 to 200,000,000 0.25%
        Amounts Over $200,000,000            0.20%

In addition to AUM fees listed, an access/operations fee of 0.05% shall be charged by CCM on all
assets allocated to the Bold Line strategy.
Fees for partial periods are prorated. Prorated amounts will be calculated based on the number of
days during which assets were under CCM’s management. In the case of any fees paid in advance,
unearned portions thereof will be returned to the client via check or wire automatically upon
termination of the investment advisory agreement.
CCM can negotiate fees. CCM can offer fees that differ from its published rates for charitable clients,
for employees and their families, for clients with unusual portfolios or service needs, and as required
for competitive reasons. All deviations from published rates are subject to review and must be
approved in advance by CCM’s President. Fees for separate accounts are charged according to the
above schedules and are either deducted from client’s assets or invoiced as directed by each client on
a quarterly basis, or as described above with respect to wrap program account fees. To the extent that
a client’s assets are invested in mutual funds, including ETFs, the client will indirectly incur any
investment management fees that are charged to the mutual funds by their investment managers.
Separate account assets are not invested in any funds managed by CCM.
...

ITEM 7. Types of Clients
CCM provides investment supervisory services to financial advisors, banks or thrift institutions,
investment companies, pooled investment vehicles, pension and profit-sharing plans, trusts, estates
or charitable organizations, corporations or other business entities and individuals.
CCM requires a minimum investment of $10,000,000 for a direct (non-sub-advisory) separate
account, which might be waived in certain circumstances. CCM can accept accounts which are lower
than its published minimums for charitable clients, for employees and their families, for clients with
unusual portfolios or service needs, and as required for competitive reasons. All deviations from
published rates are subject to review and must be approved in advance by CCM’s President. Account
minimums for wrap programs are determined by the wrap sponsor and will likely be lower than
CCM’s direct (non-sub-advisory) separate account minimum.