Credit Acceptance Corporation

Frequently Asked Questions About CACC

What does CACC invest in?

Credit Acceptance Corporation engages in the provision of financing programs, and related products and services in the United States. It advances money to automobile dealers in exchange for the right to service the underlying consumer loans; and buys the consumer loans from the dealers and keeps the amount collected from the consumers. The company is also involved in the business of reinsuring coverage under vehicle service contracts sold to consumers by dealers on vehicles financed by the company. It serves independent and franchised automobile dealers. The company was founded in 1972 and is headquartered in Southfield, Michigan.

What is the expense ratio of CACC?

An expense ratio for Credit Acceptance Corporation (CACC) is not available from our data sources — neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee.

How big is CACC?

Credit Acceptance Corporation (CACC) manages $6.20B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is CACC actively managed or an index fund?

CACC's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was CACC launched?

Credit Acceptance Corporation (CACC) launched in June 1992 and is managed by the fund issuer.

How has CACC performed?

CACC's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.