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CFBNX Commerce Bond

  • Fund
  • CFBNX
  • Price as of: Dec 09, 2016
  • $19.71
  • - $0.06
  • - 0.30%
  • Category
  • Total Bond Market

CFBNX - Profile

Vitals

  • YTD Return 0.2%
  • 3 Yr Annualized Return 3.1%
  • 5 Yr Annualized Return 3.4%
  • Net Assets $1.08 B
  • Holdings in Top 10 8.1%

52 WEEK LOW AND HIGH

$19.71
$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 0.2%
  • 3 Yr Annualized Total Return 3.1%
  • 5 Yr Annualized Total Return 3.4%
  • 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 0.2% -11.3% 201.5% 46.81% 4
1 Yr 2.9% -12.6% 13.8% 29.10% 2
3 Yr 3.1% * -5.9% 8.2% 14.75% 1
5 Yr 3.4% * -3.1% 13.6% 24.61% 2
10 Yr 5.3% * -2.2% 9.5% 9.28% 1

* Annualized


Return Ranking - Calendar

Period CFBNX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -3.3% -33.0% 3.0% 41.07% 4
2014 1.7% -9.3% 14.9% 24.90% 2
2013 -4.5% -24.1% 40.4% 47.02% 4
2012 2.9% -100.0% 18.7% 31.28% 3
2011 2.2% -20.6% 15.5% 19.89% 2

Total Return Ranking - Trailing

Period CFBNX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.2% -9.9% 204.3% 55.23% 4
1 Yr 2.9% -12.6% 16.3% 22.84% 2
3 Yr 3.1% * -7.2% 8.2% 13.22% 1
5 Yr 3.4% * -3.9% 13.6% 22.01% 2
10 Yr 5.3% * -2.2% 9.5% 8.46% 1

* Annualized


Total Return Ranking - Calendar

Period CFBNX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -3.3% -32.5% 4.5% 58.94% 5
2014 1.7% -8.3% 16.8% 42.56% 3
2013 -4.5% -12.9% 58.5% 63.85% 5
2012 2.9% -100.0% 35.2% 52.33% 4
2011 2.2% -20.7% 18.1% 42.43% 3

NAV & Total Return History

CFBNX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

CFBNX Category Low Category High CFBNX % Rank Quintile
Net Assets 1.08 B 319 K 176 B 12.00% 3
Number of Holdings 472 1 17569 11.75% 3
Net Assets in Top 10 88.8 M -36 B 36.7 B 16.94% 3
Weighting of Top 10 8.1% 0.0% 1167.9% 30.26% 5

Top 10 Holdings

  1. Winwater Mtg Ln Tr 2015-5 CMO 1.18%
  2. US Treasury Bond 2.75% 0.99%
  3. US Treasury Note 0.75% 0.91%
  4. Hawaii St Dept Busn Econom Green 3.242% 0.77%
  5. US Treasury Note 2.125% 0.76%
  6. Navient Priv Ed Ln Tr 2015-A 2.65% 0.75%
  7. Ms Bofa Ml Tr 2015-C21 CMO 3.14333% 0.74%
  8. Towd Point Mtg Tr 2015-4 FRN 0.68%
  9. Johnson & Johnson 5.95% 0.79%
  10. Swiss Bk Corp Dep Mtns B E 7.375% 0.68%

Asset Allocation

Weighting Category Low Category High CFBNX % Rank Quintile
Bonds
97.01% -175.98% 1241.14% 7.93% 2
Cash
2.74% -1141.94% 275.92% 19.68% 4
Preferred Stocks
0.25% -0.45% 17.66% 6.31% 2
Other
0.00% -30.13% 98.36% 13.73% 5
Convertible Bonds
0.00% 0.00% 12.73% 5.65% 5
Stocks
0.00% -3.27% 98.55% 6.00% 5

Bond Sector Breakdown

Weighting Category Low Category High CFBNX % Rank Quintile
Corporate
46.15% 0.00% 221.70% 10.12% 2
Securitized
36.38% 0.00% 105.84% 10.63% 2
Municipal
8.32% 0.00% 98.41% 1.93% 1
Government
6.42% -389.49% 1167.69% 23.55% 4
Cash & Equivalents
2.74% -1141.94% 416.01% 19.68% 4
Derivative
0.00% -513.07% 38.63% 2.39% 4

Bond Geographic Breakdown

Weighting Category Low Category High CFBNX % Rank Quintile
US
89.74% -370.09% 982.00% 7.12% 2
Non US
7.27% -45.82% 351.70% 21.36% 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% 11.20% 2
Management Fee 0.39% 0.00% 2.15% 2.90% 2
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.15% 0.00% 0.63% 1.66% 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% 1856.00% 15.98% 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% 8.04% 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

4.75

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

21.98

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

27.9

Category Average

6.12

Category Mode

1.9