Commerce National Tax-Free Intermediate Bond Fund (CFNLX)
18.94
0.00 (0.00%)
USD |
Dec 05 2025
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.63% | 352.93M | -- | 39.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| -21.13M | 3.30% | Upgrade | Upgrade |
Basic Info
| Investment Strategy | |
| The Fund seeks current income exempt from federal income tax consistent with preservation of capital. The Fund pursues this objective through investment in a diversified portfolio of investment grade Municipal Obligations. |
| General | |
| Security Type | Mutual Fund |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal |
| Peer Group | Intermediate Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | National Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Intermediate Municipal Debt Funds |
| Fund Owner Firm Name | Commerce Funds |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
78
-28.84M
Peer Group Low
430.86M
Peer Group High
1 Year
% Rank:
71
-21.13M
-675.30M
Peer Group Low
3.715B
Peer Group High
3 Months
% Rank:
75
-86.12M
Peer Group Low
1.794B
Peer Group High
3 Years
% Rank:
60
-1.798B
Peer Group Low
9.427B
Peer Group High
6 Months
% Rank:
79
-196.44M
Peer Group Low
3.227B
Peer Group High
5 Years
% Rank:
60
-2.191B
Peer Group Low
4.588B
Peer Group High
YTD
% Rank:
65
-606.46M
Peer Group Low
3.371B
Peer Group High
10 Years
% Rank:
50
-2.626B
Peer Group Low
28.32B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of December 08, 2025.
Asset Allocation
As of September 30, 2025.
| Type | % Net |
|---|---|
| Cash | 1.52% |
| Stock | 0.00% |
| Bond | 101.5% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | -3.02% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| State Street US Government Money Market Fund Prem | 4.12% | 1.00 | 0.00% |
| SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV AL 5.000 05/01/2055 | 1.53% | 107.06 | -0.01% |
| MICHIGAN FIN AUTH REV MI 5.000 11/15/2041 | 1.42% | 101.03 | -0.01% |
|
Cities of Dallas and Fort Worth Texas 5.25% 01-NOV-2038
|
1.16% | -- | -- |
| BOULDER VALLEY COLO SCH DIST NO RE 2 BOULDER CO 5.000 12/01/2040 | 1.06% | -- | -- |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV KY 5.000 05/01/2055 | 0.90% | 105.93 | -0.01% |
| PENNSYLVANIA ST TPK COMMN TPK REV PA 5.000 12/01/2035 | 0.89% | -- | -- |
| COBB CNTY GA DEV AUTH LEASE REV GA 5.000 07/15/2040 | 0.86% | -- | -- |
| NEW JERSEY ST HIGHER ED ASSISTANCE AUTH STUDENT LN REV NJ 5.000 12/01/2032 | 0.86% | -- | -- |
| MISSOURI ST HEALTH & EDL FACS AUTH HEALTH FACS REV MO 5.000 11/15/2045 | 0.85% | 99.22 | 0.00% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.34% |
| Administration Fee | 510.7K% |
| Maximum Front Load | 0.00% |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 1000.00 None |
| Minimum Subsequent Investment | 250.00 None |
Basic Info
| Investment Strategy | |
| The Fund seeks current income exempt from federal income tax consistent with preservation of capital. The Fund pursues this objective through investment in a diversified portfolio of investment grade Municipal Obligations. |
| General | |
| Security Type | Mutual Fund |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal |
| Peer Group | Intermediate Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | National Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Intermediate Municipal Debt Funds |
| Fund Owner Firm Name | Commerce Funds |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (12-4-25) | 2.73% |
| 30-Day SEC Yield (10-31-25) | 2.90% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 359 |
| Bond | |
| Yield to Maturity (9-30-25) | 3.65% |
| Effective Duration | 5.91 |
| Average Coupon | 4.61% |
| Calculated Average Quality | 2.443 |
| Effective Maturity | 8.874 |
| Nominal Maturity | 10.51 |
| Number of Bond Holdings | 357 |
As of September 30, 2025
Fund Details
| Key Dates | |
| Inception Date | 2/21/1995 |
| Last Annual Report Date | 10/31/2024 |
| Last Prospectus Date | 3/1/2025 |
| Attributes | |
| Index Fund | -- |
| Inverse Fund | No |
| Leveraged Fund | -- |
| Fund of Funds | No |
| Currency Hedged Fund | -- |
| Synthetic Replication Fund | No |
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:CFNLX", "name") |
| Broad Asset Class: =YCI("M:CFNLX", "broad_asset_class") |
| Broad Category: =YCI("M:CFNLX", "broad_category_group") |
| Prospectus Objective: =YCI("M:CFNLX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |