Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission, we hope you enjoy your experience

CFBNX Commerce Bond

  • Fund
  • CFBNX
  • Price as of: Aug 23, 2019
  • $20.60 + $0.08 + 0.39%
  • Category
  • Total Bond Market

CFBNX - Profile

Vitals

  • YTD Return 7.0%
  • 3 Yr Annualized Return 0.3%
  • 5 Yr Annualized Return 0.1%
  • Net Assets $1.16 B
  • Holdings in Top 10 8.3%

52 WEEK LOW AND HIGH

$20.60
$19.00
$20.60

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.66%

SALES FEES

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

BROKERAGE FEES

  • Turnover 17.00%

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 Core Bond

Distributions

  • YTD Total Return 7.0%
  • 3 Yr Annualized Total Return 0.3%
  • 5 Yr Annualized Total Return 0.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.00%
DIVIDENDS
  • Dividend Yield 2.5%
  • 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 Scott M. Colbert

CFBNX - Performance

Return Ranking - Trailing

Period CFBNX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.0% -3.8% 13.0% 33.36%
1 Yr 6.0% -10.0% 8.4% 27.26%
3 Yr 0.3%* -4.2% 4.6% 33.43%
5 Yr 0.1%* -8.5% 23.6% 41.33%
10 Yr 0.9%* -7.3% 26.2% 30.71%

* Annualized


Return Ranking - Calendar

Period CFBNX Return Category Return Low Category Return High Rank in Category (%)
2018 -3.7% -22.2% 3.1% 65.52%
2017 1.2% -5.1% 25.1% 43.81%
2016 0.5% -8.5% 192.8% 49.65%
2015 -3.3% -33.0% 3.0% 65.64%
2014 1.7% -29.8% 32.1% 37.93%

Total Return Ranking - Trailing

Period CFBNX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.0% -3.8% 13.0% 34.17%
1 Yr 6.0% -10.0% 9.9% 30.68%
3 Yr 0.3%* -4.2% 6.8% 50.28%
5 Yr 0.1%* -8.2% 28.6% 57.40%
10 Yr 0.9%* -7.3% 26.4% 56.00%

* Annualized


Total Return Ranking - Calendar

Period CFBNX Return Category Return Low Category Return High Rank in Category (%)
2018 -3.7% -22.2% 7.9% 72.04%
2017 1.2% -4.6% 25.1% 53.43%
2016 0.5% -4.1% 204.3% 61.22%
2015 -3.3% -32.4% 4.2% 75.67%
2014 1.7% -29.8% 32.1% 47.84%

NAV & Total Return History

CFBNX - Holdings

Concentration Analysis

CFBNX Category Low Category High CFBNX % Rank
Net Assets 1.16 B 330 K 229 B 52.60%
Number of Holdings 450 3 17343 55.58%
Net Assets in Top 10 95.2 M -28.8 B 32.2 B 69.24%
Weighting of Top 10 8.33% 4.0% 1674.7% 93.44%

Top 10 Holdings

  1. Federal National Mortgage Association 3.5% 1.10%

  2. United States Treasury Notes 2.12% 0.89%

  3. United States Treasury Notes 1.38% 0.87%

  4. JP Morgan Mtg Tr 3.5% 0.83%

  5. United States Treasury Bonds 2.75% 0.83%

  6. FHLMC Pc Prepay Prm 30 4.5% 0.82%

  7. Flagstar Mortgage Trust 3.5% 0.77%

  8. Sequoia Mtg Trust 3.5% 0.76%

  9. Winwater Mortgage Loan Trust 2015-5 3.5% 0.74%

  10. HAWAII ST DEPT BUSINESS ECONOMIC DEV & TOURISM GREEN ENERGY MKT SECURITIZAT 0.72%


Asset Allocation

Weighting Return Low Return High CFBNX % Rank
Bonds
96.14% 0.00% 394.27% 40.37%
Cash
3.63% -539.21% 70.47% 48.28%
Preferred Stocks
0.23% 0.00% 20.33% 16.29%
Stocks
0.00% -3.42% 96.77% 53.75%
Other
0.00% -98.58% 236.55% 45.84%
Convertible Bonds
0.00% 0.00% 18.42% 87.36%

Bond Sector Breakdown

Weighting Return Low Return High CFBNX % Rank
Securitized
42.18% 0.00% 103.00% 28.94%
Corporate
39.81% 0.00% 127.23% 40.91%
Government
7.53% -74.72% 316.66% 74.71%
Municipal
6.85% 0.00% 102.07% 4.80%
Cash & Equivalents
3.63% -532.79% 70.33% 45.77%
Derivative
0.00% -234.33% 48.69% 44.02%

Bond Geographic Breakdown

Weighting Return Low Return High CFBNX % Rank
US
89.97% 0.00% 219.16% 33.00%
Non US
6.17% -41.14% 244.34% 73.63%

CFBNX - Expenses

Operational Fees

CFBNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.66% 0.00% 38.42% 67.50%
Management Fee 0.37% 0.00% 2.15% 41.65%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.00% 0.63% 67.47%

Sales Fees

CFBNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.15% 5.50% N/A

Trading Fees

CFBNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 17.00% 0.00% 2337.00% 4.06%

CFBNX - Distributions

Dividend Yield Analysis

CFBNX Category Low Category High CFBNX % Rank
Dividend Yield 2.54% 0.00% 8.86% 13.66%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

CFBNX Category Low Category High CFBNX % Rank
Net Income Ratio 3.00% -2.82% 7.22% 27.29%

Capital Gain Distribution Analysis

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

CFBNX - Managers

Scott M. Colbert

Manager

Start Date

Tenure

Tenure Rank

Dec 12, 1994

24.65

24.7%

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


Brent L. Schowe

Manager

Start Date

Tenure

Tenure Rank

Mar 01, 2012

7.42

7.4%

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


Tenure Analysis

Category Low

0.0

Category High

30.51

Category Average

6.95

Category Mode

7.12