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CFBNX Commerce Bond

  • Fund
  • CFBNX
  • Price as of: Sep 18, 2018
  • $19.24
  • - $0.04
  • - 0.21%
  • Category
  • Total Bond Market

CFBNX - Profile

Vitals

  • YTD Return -3.8%
  • 3 Yr Annualized Return 2.4%
  • 5 Yr Annualized Return 2.9%
  • Net Assets $1.09 B
  • Holdings in Top 10 8.7%

52 WEEK LOW AND HIGH

$19.24
$19.24
$20.10

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.66%

SALES FEES

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

BROKERAGE FEES

  • Turnover 26.00%

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 -3.8%
  • 3 Yr Annualized Total Return 2.4%
  • 5 Yr Annualized Total Return 2.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.99%
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 -3.8% -100.0% 14.2% 58.65% 5
1 Yr -0.6% -15.5% 21.5% 56.18% 3
3 Yr 2.4% * -6.1% 11.4% 28.00% 2
5 Yr 2.9% * -2.4% 14.8% 22.41% 2
10 Yr 4.9% * -0.7% 9.4% 15.88% 1

* Annualized


Return Ranking - Calendar

Period CFBNX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 1.2% -10.9% 25.1% 29.14% 2
2016 0.5% -11.1% 192.8% 32.01% 3
2015 -3.3% -33.0% 5.1% 42.99% 4
2014 1.7% -24.1% 20.8% 25.25% 2
2013 -4.5% -13.1% 40.4% 50.39% 4

Total Return Ranking - Trailing

Period CFBNX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -3.8% -100.0% 14.2% 58.57% 5
1 Yr -0.6% -15.5% 21.5% 44.77% 3
3 Yr 2.4% * -7.0% 11.4% 24.89% 2
5 Yr 2.9% * -2.8% 14.8% 20.42% 2
10 Yr 4.9% * -0.7% 9.4% 15.11% 1

* Annualized


Total Return Ranking - Calendar

Period CFBNX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 1.2% -9.5% 25.1% 30.61% 3
2016 0.5% -11.1% 195.3% 42.51% 3
2015 -3.3% -32.5% 16.5% 61.15% 5
2014 1.7% -9.9% 58.5% 41.92% 3
2013 -4.5% -12.9% 58.3% 66.43% 5

NAV & Total Return History

CFBNX - Holdings

Filings data as of: Jul 31, 2018

Concentration Analysis

CFBNX Category Low Category High CFBNX % Rank Quintile
Net Assets 1.09 B 319 K 198 B 13.89% 3
Number of Holdings 450 1 17412 14.24% 3
Net Assets in Top 10 94.8 M -36 B 52.1 B 18.77% 3
Weighting of Top 10 8.7% 0.0% 1093.9% 32.10% 5

Top 10 Holdings

  1. Federal National Mortgage Association 3.5% 1.27%
  2. JP Morgan Mtg Tr 3.5% 0.94%
  3. Flagstar Mortgage Trust 3.5% 0.89%
  4. United States Treasury Notes 2.12% 0.88%
  5. Sequoia Mtg Trust 3.5% 0.85%
  6. Winwater Mortgage Loan Trust 2015-5 3.5% 0.83%
  7. Shellpoint Co-Originator Trust 2017-2 3.5% 0.78%
  8. United States Treasury Bonds 2.75% 0.78%
  9. JP Morgan Mtg Tr 3.5% 0.78%
  10. Morgan Stanley BAML Trust 2.93% 0.72%

Asset Allocation

Weighting Category Low Category High CFBNX % Rank Quintile
Bonds
96.90% -190.82% 562.01% 9.31% 2
Cash
2.84% -461.99% 275.92% 19.89% 3
Preferred Stocks
0.25% -0.12% 22.98% 6.00% 1
Stocks
0.00% -2.63% 98.61% 5.70% 5
Other
0.00% -18.46% 99.99% 12.46% 5
Convertible Bonds
0.00% 0.00% 13.10% 8.80% 5

Bond Sector Breakdown

Weighting Category Low Category High CFBNX % Rank Quintile
Securitized
43.25% 0.00% 118.59% 8.04% 2
Corporate
40.74% 0.00% 221.70% 13.68% 2
Municipal
6.93% 0.00% 98.98% 2.09% 1
Government
6.24% -389.49% 503.27% 25.53% 4
Cash & Equivalents
2.84% -462.00% 275.92% 19.38% 3
Derivative
0.00% -106.77% 65.32% 3.97% 4

Bond Geographic Breakdown

Weighting Category Low Category High CFBNX % Rank Quintile
US
91.41% -370.09% 500.82% 7.27% 2
Non US
5.49% -440.41% 351.70% 24.47% 4

CFBNX - Expenses

Operational Fees

CFBNX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.66% 0.00% 44.72% 10.90% 2
Management Fee 0.37% 0.00% 2.15% 3.10% 2
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.15% 0.00% 0.63% 1.74% 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 26.00% 0.00% 1576.00% 16.90% 1

CFBNX - Distributions

Dividend Yield Analysis

CFBNX Category Low Category High CFBNX % Rank Quintile
Dividend Yield 0.7% 0.00% 1.35% 1.29% 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 2.99% -1.56% 9.28% 7.85% 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

6.5

Tenure Rank

5.3%

Brent L. Schowe , CFA, Senior Vice President, Joined Commerce Investment Advisors, Inc. in 1999 and serve as Fund manager since 2012.


Scott M. Colbert

Manager

Start Date

Dec 12, 1994

Tenure

23.73

Tenure Rank

0.2%

Scott Colbert is the chief economist and director of fixed income management with The Commerce Trust Company. He joined Commerce in 1993 and has investment responsibilities for over $19 billion in fixed income assets. Scott directly manages the Commerce Short-Term Government Fund (CFSTX) and the flagship Commerce Bond Fund (CFBNX). Both funds have been routinely rated by Morningstar as four- and five-star funds. Additionally, the fixed income group Scott leads won two consecutive Lipper awards in 2013 and 2014 for the Best Fixed Income Small Fund Group in the country, beating out 67 other nationally recognized fund groups. The Commerce Short-Term Government Fund (CFSTX) ranked “Best Fund over 3 Years Short U.S. Government Funds” for 2011, according to Lipper, and was the highest ranked short government fund for five years as reported in U.S. News & World Report in June 2015. In the May 2012 issue of Bloomberg Markets, the Commerce Bond Fund (currently five star rated) was recognized in its “The Best-Performing Mutual Funds” article as one of the top 10 risk-adjusted funds, regardless of asset class, over the past 5 years. Prior to joining Commerce Bank, Scott worked for The Cincinnati Gas and Electric Company, Fifth Third Bank, and ARMCO Inc. Scott received his bachelor of science degree in nuclear engineering from the University of Cincinnati in 1986 and received his master of business administration from Xavier University


Tenure Analysis

Category Low

0.0

Category High

29.6

Category Average

6.52

Category Mode

3.6