CFMOX: Commerce Missouri Tax-Free Intermediate Bond Fund - MutualFunds.com

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Commerce MO Tax-Free Int Bd

CFMOX - Snapshot

Vitals

  • YTD Return 1.2%
  • 3 Yr Annualized Return 3.5%
  • 5 Yr Annualized Return 3.0%
  • Net Assets $385 M
  • Holdings in Top 10 15.4%

52 WEEK LOW AND HIGH

$20.13
$18.64
$20.41

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.64%

SALES FEES

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

BROKERAGE FEES

  • Turnover 25.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $1,000

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Muni Single State Interm

Compare CFMOX to Popular Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$14.64

0.00%

$78.20 B

0.00%

$0.00

1.17%

0.17%

$11.20

-0.09%

$32.33 B

0.00%

$0.00

1.08%

0.17%

$13.39

0.00%

$24.21 B

0.00%

$0.00

0.45%

0.52%

$15.93

0.00%

$19.35 B

0.00%

$0.00

0.50%

0.17%

$115.17

-0.09%

$17.86 B

-

-

1.06%

0.07%

CFMOX - Profile

Distributions

  • YTD Total Return 1.2%
  • 3 Yr Annualized Total Return 3.5%
  • 5 Yr Annualized Total Return 3.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.26%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Commerce Missouri Tax-Free Intermediate Bond Fund
  • Fund Family Name
    Commerce
  • Inception Date
    Feb 21, 1995
  • Shares Outstanding
    N/A
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Brian Musielak

Fund Description

The fund normally invests at least 80% of its net assets plus any borrowings for investment purposes, in Missouri municipal bonds, the income from which, in the opinion of bond counsel, is exempt from regular federal income taxes, federal alternative minimum taxes and Missouri taxes. It may invest up to 10% of its total assets in such unrated securities. The fund is non-diversified.


CFMOX - Performance

Return Ranking - Trailing

Period CFMOX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -9.1% 300.6% 12.90%
1 Yr 3.4% -5.9% 6.6% 17.86%
3 Yr 3.5%* -0.9% 7.4% 43.47%
5 Yr 3.0%* -0.2% 7.0% 51.19%
10 Yr 3.1%* -0.1% 8.1% 61.04%

* Annualized

Return Ranking - Calendar

Period CFMOX Return Category Return Low Category Return High Rank in Category (%)
2019 3.6% -0.3% 15.4% 54.95%
2018 -1.6% -10.3% 97.2% 29.89%
2017 1.9% -100.0% 7.6% 36.86%
2016 -2.3% -7.9% 96.8% 24.98%
2015 0.2% -4.8% 3.0% 21.14%

Total Return Ranking - Trailing

Period CFMOX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -9.1% 300.6% 12.62%
1 Yr 3.4% -8.7% 6.6% 13.97%
3 Yr 3.5%* -2.4% 7.4% 35.18%
5 Yr 3.0%* -1.4% 7.0% 42.53%
10 Yr 3.1%* -0.5% 8.1% 55.21%

* Annualized

Total Return Ranking - Calendar

Period CFMOX Return Category Return Low Category Return High Rank in Category (%)
2019 3.6% -0.3% 15.4% 56.25%
2018 -1.6% -10.3% 11.0% 33.04%
2017 1.9% -100.0% 7.6% 42.28%
2016 -2.3% -7.9% 3.0% 29.85%
2015 0.2% -4.8% 4.0% 26.61%

NAV & Total Return History


CFMOX - Holdings

Concentration Analysis

CFMOX Category Low Category High CFMOX % Rank
Net Assets 385 M 10 78.2 B 52.32%
Number of Holdings 255 3 10083 43.54%
Net Assets in Top 10 58.8 M -202 M 4.54 B 57.48%
Weighting of Top 10 15.43% 2.4% 99.7% 63.52%

Top 10 Holdings

  1. State Street Instl US Govt MMkt Premier 3.59%
  2. MISSOURI ST HEALTH & EDL FACS AUTH REV 0.08% 2.27%
  3. KANSAS CITY MO 4.5% 1.51%
  4. MISSOURI DEV FIN BRD CULTURAL FACS REV 0.03% 1.31%
  5. MISSOURI ST HEALTH & EDL FACS AUTH EDL FACS REV 0.03% 1.31%
  6. GREENE CNTY MO 5% 1.21%
  7. MISSOURI ST HEALTH & EDL FACS AUTH HEALTH FACS REV 5% 1.16%
  8. BLAIR OAKS R-II SCH DIST MO 5% 1.04%
  9. COLUMBIA MO WTR & ELEC REV 5% 1.03%
  10. HANNIBAL MO INDL DEV AUTH HEALTH FACS REV 5% 1.00%

Asset Allocation

Weighting Return Low Return High CFMOX % Rank
Bonds
96.37% 65.51% 149.06% 76.09%
Cash
3.63% -49.07% 34.49% 23.53%
Stocks
0.00% 0.00% 1.58% 49.46%
Preferred Stocks
0.00% -0.98% 1.04% 46.66%
Other
0.00% -1.48% 12.83% 49.43%
Convertible Bonds
0.00% 0.00% 1.83% 47.17%

Bond Sector Breakdown

Weighting Return Low Return High CFMOX % Rank
Municipal
96.37% 49.08% 100.00% 74.38%
Cash & Equivalents
3.63% 0.00% 34.49% 23.75%
Derivative
0.00% 0.00% 2.16% 46.83%
Securitized
0.00% 0.00% 6.06% 47.96%
Corporate
0.00% 0.00% 13.25% 54.99%
Government
0.00% 0.00% 49.86% 50.79%

Bond Geographic Breakdown

Weighting Return Low Return High CFMOX % Rank
US
96.37% 65.51% 142.92% 56.35%
Non US
0.00% 0.00% 27.43% 85.09%

CFMOX - Expenses

Operational Fees

CFMOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.64% 0.01% 4.01% 66.46%
Management Fee 0.35% 0.00% 1.10% 24.23%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.01% 0.47% 49.45%

Sales Fees

CFMOX 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 0.25% 5.50% N/A

Trading Fees

CFMOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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.

CFMOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 25.00% 0.00% 235.00% 62.25%

CFMOX - Distributions

Dividend Yield Analysis

CFMOX Category Low Category High CFMOX % Rank
Dividend Yield 0.00% 0.00% 3.82% 50.23%

Dividend Distribution Analysis

CFMOX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

CFMOX Category Low Category High CFMOX % Rank
Net Income Ratio 2.26% 0.04% 6.48% 61.00%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

CFMOX - Fund Manager Analysis

Managers

Brian Musielak


Start Date

Tenure

Tenure Rank

Dec 31, 1999

20.76

20.8%

Musielak, Senior Vice President, is a portfolio manager for Commerce Investment Advisors. He joined the investment management group of the firm in 1995 as a fixed income analyst. Prior to assuming these responsibilities, he worked in the commercial loan department as a credit analyst.

Brent Schowe


Start Date

Tenure

Tenure Rank

Mar 01, 2012

8.59

8.6%

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 Category High Category Average Category Mode
0.02 35.52 8.32 2.76