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CFBNX Commerce Bond

  • Fund
  • CFBNX
  • Price as of: Aug 08, 2016
  • $20.35
  • + $0.01
  • + 0.05%
  • Category
  • Total Bond Market

CFBNX - Profile

Vitals

  • YTD Return 3.5%
  • 3 Yr Annualized Return 4.2%
  • 5 Yr Annualized Return 4.1%
  • Net Assets $1.11 B
  • Holdings in Top 10 8.5%

52 WEEK LOW AND HIGH

$20.35
$19.64
$20.48

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.68%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 21.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$1,000

Investment Themes

CATEGORY

Total Bond Market
  • Fund Type Open End Mutual Fund
  • Investment Style Intermediate-Term Bond

Distributions

  • YTD Total Return 3.5%
  • 3 Yr Annualized Total Return 4.2%
  • 5 Yr Annualized Total Return 4.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.18%
DIVIDENDS
  • Dividend Yield 0.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Commerce Bond Fund
  • Fund Family Name Commerce
  • Inception Date Dec 12, 1994
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Brent L. Schowe

CFBNX - Performance

Return Ranking - Trailing

Period CFBNX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.5% -29.9% 209.8% 31.53% 3
1 Yr 5.5% -15.9% 20.3% 19.69% 1
3 Yr 4.2% * -6.4% 10.4% 18.31% 1
5 Yr 4.1% * -3.4% 9.0% 16.03% 1
10 Yr 5.9% * -1.1% 10.2% 9.84% 1

* Annualized


Return Ranking - Calendar

Period CFBNX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -3.3% -51.0% 6.6% 45.12% 4
2014 N/A -0.4% 2.9% N/A N/A
2013 N/A -4.9% -0.8% N/A N/A
2012 N/A 0.8% 13.9% N/A N/A
2011 N/A -1.7% 3.8% N/A N/A

Total Return Ranking - Trailing

Period CFBNX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.5% -8.1% 209.8% 32.10% 3
1 Yr 5.5% -19.0% 20.3% 16.38% 1
3 Yr 4.2% * -7.1% 10.4% 16.59% 1
5 Yr 4.1% * -4.3% 9.0% 14.39% 1
10 Yr 5.9% * -1.1% 10.2% 9.01% 1

* Annualized


Total Return Ranking - Calendar

Period CFBNX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -3.3% -51.0% 6.6% 45.17% 4
2014 N/A -0.3% 4.5% N/A N/A
2013 N/A -4.6% 0.6% N/A N/A
2012 N/A 1.4% 15.7% N/A N/A
2011 N/A -0.9% 5.5% N/A N/A

NAV & Total Return History

CFBNX - Holdings

Filings data as of: May 31, 2016

Concentration Analysis

CFBNX Category Low Category High CFBNX % Rank Quintile
Net Assets 1.11 B 319 K 169 B 11.55% 3
Number of Holdings 466 1 17404 11.65% 3
Net Assets in Top 10 89.8 M -36 B 21.5 B 16.02% 3
Weighting of Top 10 8.5% 0.0% 1826.2% 29.09% 5

Top 10 Holdings

  1. Swiss Bk Corp Dep Mtns B E 7.375% 0.72%
  2. Winwater Mtg Ln Tr 2015-5 CMO 1.31%
  3. US Treasury Bond 2.75% 0.98%
  4. US Treasury Note 0.75% 0.94%
  5. Hawaii St Dept Busn Econom Green 3.242% 0.78%
  6. US Treasury Note 2.125% 0.78%
  7. Ms Bofa Ml Tr 2015-C21 CMO 3.14333% 0.76%
  8. Navient Priv Ed Ln Tr 2015-A 2.65% 0.75%
  9. Towd Point Mtg Tr 2015-4 FRN 0.75%
  10. Winwater Mtg Ln Tr 2016-1 CMO 0.71%

Asset Allocation

Weighting Category Low Category High CFBNX % Rank Quintile
Bonds
97.68% -175.98% 181.87% 3.51% 1
Cash
2.05% -82.73% 275.92% 24.82% 5
Preferred Stocks
0.26% -0.07% 17.65% 6.51% 2
Other
0.00% -15.97% 117.15% 13.22% 5
Convertible Bonds
0.00% 0.00% 18.40% 5.29% 5
Stocks
0.00% -5.60% 98.06% 5.39% 5

Bond Sector Breakdown

Weighting Category Low Category High CFBNX % Rank Quintile
Corporate
44.02% 0.00% 502.59% 9.21% 2
Securitized
38.05% 0.00% 275.57% 9.36% 2
Municipal
8.27% 0.00% 106.20% 1.68% 1
Government
7.61% -990.83% 129.84% 21.92% 4
Cash & Equivalents
2.05% -63.55% 811.66% 25.64% 5
Derivative
0.00% -895.14% 18.41% 2.14% 4

Bond Geographic Breakdown

Weighting Category Low Category High CFBNX % Rank Quintile
US
90.91% -513.97% 163.91% 3.61% 1
Non US
6.77% -5.42% 399.20% 19.58% 4

CFBNX - Expenses

Operational Fees

CFBNX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.68% 0.00% 42.51% 11.30% 2
Management Fee 0.39% 0.00% 2.15% 3.05% 2
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.15% 0.00% 0.63% 1.65% 4

Sales Fees

CFBNX Fees (% of AUM) Category Low Category High CFBNX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 0.15% 5.50% N/A N/A

Trading Fees

CFBNX Fees (% of AUM) Category Low Category High CFBNX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CFBNX Fees (% of AUM) Category Low Category High CFBNX Rank Quintile
Turnover 21.00% 0.00% 1944.00% 15.62% 1

CFBNX - Distributions

Dividend Yield Analysis

CFBNX Category Low Category High CFBNX % Rank Quintile
Dividend Yield 0.7% 0.00% 1.30% 1.30% 1

Dividend Distribution Analysis

CFBNX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

CFBNX Category Low Category High CFBNX % Rank Quintile
Net Income Ratio 3.18% -1.76% 17.13% 7.43% 1

Capital Gain Distribution Analysis

CFBNX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

CFBNX - Managers

Brent L. Schowe

Manager

Start Date

Mar 01, 2012

Tenure

4.42

Tenure Rank

5.6%

Brent L. Schowe , CFA, Senior Vice President, Joined Commerce Investment Advisors, Inc. in 1999


Scott M. Colbert

Manager

Start Date

Dec 12, 1994

Tenure

21.65

Tenure Rank

0.3%

Colbert is a senior vice president and director with Commerce, his employer since 1993. Previously, he spent six years as a portfolio manager with Armco Investment Management, managing fixed-income investments for employee-benefit, insurance, and endowment funds. Colbert holds the Chartered Financial Analyst designation.


Tenure Analysis

Category Low

0.0

Category High

27.6

Category Average

5.91

Category Mode

1.6