OWNS — CCM Affordable Housing MBS ETF

OWNS Fund Overview

OWNS — CCM Affordable Housing MBS ETF is a US ETF managed by Quaker Investment Trust, categorised as Long Securitized (MBS/ABS/CMBS) Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US ETF
• Manager: Quaker Investment Trust
• Category: Long Securitized (MBS/ABS/CMBS) Bond
• Assets under management: $105.27M
• 1-year return: 5.1%
• Ticker: OWNS
• SEC CIK: 0000870355
• SEC series ID: S000081361
• Share class ID: C000244087

OWNS Investment Objective and Strategy

CCM Affordable Housing MBS ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Quaker Investment Trust.

Investment objective

The primary investment objective of the CCM Affordable Housing MBS ETF (the Fund) is to generate a level of current income.

Principal investment strategy

Under normal circumstances, the Fund will invest at least 80% of its net assets in mortgage-backed securities backed by pools of mortgage loans that the Adviser believes were made to minority families, low- and moderate-income or workforce families, and/or families that live in persistent poverty areas. These loans include home loans: ? Originated in a census tract where more than 50% of the population is a minority (also referred to as a majority-minority census tract). ? To low-income borrowers defined as a person whose total annual income is 50% or less of the area median income (AMI) or average income for the community where they live and a moderate-income borrowers defined as a person whose total annual income is above 50% but less than 80% of the AMI or average income for the community where they live.

? In census tracts where more than 50% of the population is non-white and at least 40% of the population is living at or below the poverty line (defined as a racially or ethnically concentrated areas of poverty or R/ECAP). ? In counties where, for more than 20 years, 20% or more of the population has lived in poverty (defined as a persistent poverty county or PPC). ? To borrowers whose total annual income is above 60% but less than 120% of the AMI or average income for the community where they live. This is commonly referred to as workforce housing, which may include middle-income workers such as teachers, police officers, firefighters, nurses, and retail workers who do not qualify for subsidized housing but still may struggle to afford market-rate housing in their communities. The Fund will invest at least 51% of its net assets in mortgage-backed securities that the Funds investment advisor believes will be deemed to be qualified under the Community Reinvestment Act of 1977 (CRA), so that financial institutions that are subject to the CRA may receive investment test or similar consideration/credit under the CRA with respect to shares of the Fund held by them.

The Fund may also invest in mortgage-backed securities backed by pools of loans sourced from non-traditional originators including Community Development Financial Institutions (CDFIs) and minority-owned banks. The mortgage-backed securities in which the Fund invests are issued and/or guaranteed by government- sponsored enterprises (each a GSE), such as the Government National Mortgage Association (Ginnie Mae), the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Bank (Freddie Mac) and are therefore rated investment grade. To create the mortgage-backed securities in which the Fund invests, these GSEs securitize pools of mortgage loans and each mortgage loan in the pool must meet the conforming underwriting standards of the relevant agency. While securities issued or guaranteed by Ginnie Mae are backed by the full faith and credit of the U.S.

Department of the Treasury, securities issued by Fannie Mae and Freddie Mac are solely the obligation of the issuer and generally do not carry any guarantee from the U.S. government. Using a proprietary algorithm, CCM screens mortgage origination tapes to identify loans that are made to types of borrowers and in areas as previously defined. CCM also assesses the loan-to-value and FICO scores of borrowers before selecting a mortgage for inclusion in the pools underlying the mortgage-backed securities for the Funds portfolio. When making investment decisions, CCM will consider coupon payments of the qualifying mortgage-backed security pools to manage the prepayment and/or extension risk of the Funds portfolio. The Fund is a non-diversified fund as defined in the Investment Company Act of 1940, as amended (the 1940 Act), but intends to adhere to the diversification requirements applicable to regulated investment companies (RICs) under Subchapter M of the Internal Revenue Code of 1986, as amended (the Code).

The Fund is not intended to be a complete investment program.

OWNS Holdings

Top 10 holdings of CCM Affordable Housing MBS ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all OWNS holdings

OWNS Portfolio Allocation

Asset-class allocation of CCM Affordable Housing MBS ETF by percentage of net assets, from the latest SEC N-PORT filing.

OWNS Performance

Total returns for OWNS (as of 2026-10-01), from SEC filings.

OWNS Risk Information

Risk metrics for OWNS, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 3.2%

OWNS Costs and Fees

OWNS costs about $30 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.30%
• Gross expense ratio: 0.68%
• Portfolio turnover: 31%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

OWNS Cashflows

Over the 12 months to 2026-06, CCM Affordable Housing MBS ETF had net outflows of $25.23M, from monthly SEC N-PORT filings.

OWNS Debt Constituents

Largest debt holdings of CCM Affordable Housing MBS ETF by percentage of net assets, from the latest SEC N-PORT filing.

OWNS Prospectus and SEC Filings

Official CCM Affordable Housing MBS ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2025-10-28
• Prospectus (485BPOS) — filed 2024-10-28
• Prospectus supplement (497) — filed 2024-03-18
• Portfolio holdings (N-PORT) — filed 2026-08-28
• Portfolio holdings (N-PORT) — filed 2026-05-28
• Portfolio holdings (N-PORT) — filed 2026-02-27
• Annual census (N-CEN) — filed 2026-09-04
• Annual census (N-CEN) — filed 2025-09-12

Related Funds

Other Long Securitized (MBS/ABS/CMBS) Bond funds tracked on ABC INVEST:

• PIMCO Income Fund (PONAX)
• Bridge Builder Core Plus Bond Fund (BBCPX)
• iShares MBS ETF (MBB)
• Guggenheim Total Return Bond Fund (GIBAX)
• Janus Henderson AAA CLO ETF (JAAA)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.