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Name

As of 04/25/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

The Value Fund

CFVLX | Fund

$32.02

$272 M

2.23%

$0.72

0.71%

Vitals

YTD Return

3.3%

1 yr return

10.3%

3 Yr Avg Return

3.9%

5 Yr Avg Return

7.3%

Net Assets

$272 M

Holdings in Top 10

24.7%

52 WEEK LOW AND HIGH

$32.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.71%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 29.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

$1,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/25/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

The Value Fund

CFVLX | Fund

$32.02

$272 M

2.23%

$0.72

0.71%

CFVLX - Profile

Distributions

  • YTD Total Return 3.3%
  • 3 Yr Annualized Total Return 3.9%
  • 5 Yr Annualized Total Return 7.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.44%
DIVIDENDS
  • Dividend Yield 2.2%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    The Value Fund
  • Fund Family Name
    Commerce
  • Inception Date
    Jun 29, 1998
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Joseph Williams

Fund Description

•
Under normal market conditions, the Fund invests at least 65% of its total assets in stocks, primarily common stock.
•
Using a predominately quantitative analysis, with some additional fundamental analysis depending on market conditions, the Fund invests principally in stocks within the Russell 1000® Value Index (“Index”) universe that have an above average dividend yield. As part of the quantitative analysis, the Adviser ranks the dividend-paying stocks within the Index universe according to their level of dividend yields from “low” to “high” among five quintiles in their respective sectors. The Adviser principally selects stocks from among the top three dividend-yield quintiles for inclusion in the Fund’s portfolio. The Fund seeks a higher return than the Index over time through a combination of capital appreciation and dividend income. The Fund utilizes a diversified portfolio with value characteristics (low price/book and price/earnings ratios) to achieve capital appreciation and current income.
•
The Fund may invest a significant amount of its assets from time to time in the financials sector.
•
The Fund generally purchases common stock of companies whose characteristics are comparable to those included in the Index. The equity capitalization range of public companies in the Index was $270 million to $491.8 billion as of December 31, 2023.
Read More

CFVLX - Performance

Return Ranking - Trailing

Period CFVLX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.3% -3.2% 13.0% 83.73%
1 Yr 10.3% -6.7% 37.2% 91.64%
3 Yr 3.9%* -3.7% 30.3% 89.00%
5 Yr 7.3%* -1.5% 43.5% 86.13%
10 Yr 6.9%* 1.2% 24.6% 87.95%

* Annualized

Return Ranking - Calendar

Period CFVLX Return Category Return Low Category Return High Rank in Category (%)
2023 -3.3% -24.9% 46.1% 92.52%
2022 -10.6% -64.7% 4.6% 36.61%
2021 18.2% -44.2% 57.5% 41.14%
2020 -2.2% -23.2% 285.0% 65.51%
2019 15.2% -21.4% 48.5% 77.73%

Total Return Ranking - Trailing

Period CFVLX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.3% -3.2% 13.0% 83.73%
1 Yr 10.3% -6.7% 37.2% 91.64%
3 Yr 3.9%* -3.7% 30.3% 89.00%
5 Yr 7.3%* -1.5% 43.5% 86.13%
10 Yr 6.9%* 1.2% 24.6% 87.95%

* Annualized

Total Return Ranking - Calendar

Period CFVLX Return Category Return Low Category Return High Rank in Category (%)
2023 2.5% -15.9% 46.7% 95.69%
2022 -3.2% -42.0% 8.5% 27.68%
2021 24.7% 3.6% 129.7% 66.76%
2020 0.9% -22.6% 304.8% 69.92%
2019 24.0% -12.7% 52.1% 69.02%

NAV & Total Return History

CFVLX - Holdings

Concentration Analysis

CFVLX Category Low Category High CFVLX % Rank
Net Assets 272 M 1.09 M 163 B 73.20%
Number of Holdings 58 2 1683 73.57%
Net Assets in Top 10 66.3 M 420 K 33.9 B 76.17%
Weighting of Top 10 24.70% 4.8% 99.9% 64.29%

Top 10 Holdings

  1. iShares Russell 1000 Value ETF 4.31%
  2. Chevron Corp 3.24%
  3. JPMorgan Chase Co 2.99%
  4. Amgen Inc 2.11%
  5. International Business Machines Corp 2.05%
  6. Merck Co Inc 2.05%
  7. Bank of America Corp 2.00%
  8. Comcast Corp 1.99%
  9. Medtronic PLC 1.99%
  10. Apollo Global Management Inc 1.98%

Asset Allocation

Weighting Return Low Return High CFVLX % Rank
Stocks 		99.85% 1.86% 108.42% 5.48%
Cash 		0.15% -0.79% 38.18% 89.74%
Preferred Stocks 		0.00% 0.00% 13.88% 70.26%
Other 		0.00% -3.53% 39.72% 76.52%
Convertible Bonds 		0.00% 0.00% 3.66% 69.57%
Bonds 		0.00% -0.71% 73.23% 70.17%

Stock Sector Breakdown

Weighting Return Low Return High CFVLX % Rank
Financial Services 		17.99% 0.00% 58.05% 62.87%
Healthcare 		16.22% 0.00% 30.08% 62.78%
Consumer Cyclical 		12.28% 0.00% 22.74% 5.34%
Industrials 		11.75% 0.00% 42.76% 48.42%
Energy 		8.75% 0.00% 54.00% 34.76%
Consumer Defense 		8.69% 0.00% 34.10% 46.15%
Technology 		7.91% 0.00% 54.02% 83.63%
Utilities 		6.33% 0.00% 27.04% 25.92%
Real Estate 		4.20% 0.00% 90.54% 30.82%
Communication Services 		3.90% 0.00% 26.58% 76.97%
Basic Materials 		1.99% 0.00% 21.69% 75.92%

Stock Geographic Breakdown

Weighting Return Low Return High CFVLX % Rank
US 		99.85% 1.86% 108.42% 4.78%
Non US 		0.00% 0.00% 27.89% 77.30%

CFVLX - Expenses

Operational Fees

CFVLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.71% 0.03% 14.82% 73.04%
Management Fee 0.30% 0.00% 1.50% 9.83%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.00% 0.50% 74.13%

Sales Fees

CFVLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 0.95% 5.00% N/A

Trading Fees

CFVLX 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.

CFVLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 29.00% 0.00% 488.00% 41.13%

CFVLX - Distributions

Dividend Yield Analysis

CFVLX Category Low Category High CFVLX % Rank
Dividend Yield 2.23% 0.00% 37.03% 50.87%

Dividend Distribution Analysis

CFVLX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Monthly Monthly

Net Income Ratio Analysis

CFVLX Category Low Category High CFVLX % Rank
Net Income Ratio 2.44% -1.51% 4.28% 6.39%

Capital Gain Distribution Analysis

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

Distributions History

View More +

CFVLX - Fund Manager Analysis

Managers

Joseph Williams

Start Date

Tenure

Tenure Rank

Mar 03, 1997

25.26

25.3%

Joseph C. Williams is the Senior Vice President and Portfolio Manager at Commerce Investment Advisors, Inc. Additionally, he serves on the Investment Policy Committee and the Equity Strategy Committee. Joe is the co-manager of the Commerce Growth and Mid-Cap Growth strategy. He received his bachelor of science degree from Drake University and is a member of both the Kansas City Society of Financial Analysts and the CFA Institute. He holds the Chartered Financial Analyst® designation.

Matthew Schmitt

Start Date

Tenure

Tenure Rank

Dec 31, 2004

17.42

17.4%

Schmitt is a vice president and portfolio manager with Commerce Investment Advisors, his employer since 2002 and serve as Fund manager since 2004. Previously, he has been a portfolio manager for Wells Fargo from 1997 to 2002. Schmitt holds the Chartered Financial Analyst designation.

Nong Lin

Start Date

Tenure

Tenure Rank

Mar 01, 2012

10.25

10.3%

Nong Lin, Ph.D, CFA, Vice President, Joined Commerce Investment Advisors, Inc. in 2001 and serve as Fund manager since 2012.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 86.59 8.07 16.42

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