Commerce National Tax-Free Intermediate Bond Fund (CFNLX)
19.23
-0.06
(-0.31%)
USD |
Mar 02 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.62% | 356.70M | -- | 34.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| -11.58M | 5.46% |
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 |
| Equity Style | -- |
| 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:
71
-513.56M
Peer Group Low
1.040B
Peer Group High
1 Year
% Rank:
77
-11.58M
-804.30M
Peer Group Low
5.114B
Peer Group High
3 Months
% Rank:
73
-540.68M
Peer Group Low
2.442B
Peer Group High
3 Years
% Rank:
62
-1.640B
Peer Group Low
11.24B
Peer Group High
6 Months
% Rank:
80
-626.05M
Peer Group Low
4.312B
Peer Group High
5 Years
% Rank:
63
-2.290B
Peer Group Low
4.932B
Peer Group High
YTD
% Rank:
72
-525.62M
Peer Group Low
1.040B
Peer Group High
10 Years
% Rank:
57
-2.734B
Peer Group Low
29.07B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of March 03, 2026.
Asset Allocation
As of December 31, 2025.
| Type | % Net |
|---|---|
| Cash | 0.56% |
| Stock | 0.00% |
| Bond | 98.72% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 0.72% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV AL 5.000 05/01/2055 | 1.53% | 106.73 | -0.17% |
| State Street US Government Money Market Fund Prem | 1.49% | 1.00 | 0.00% |
| MICHIGAN FIN AUTH REV MI 5.000 11/15/2041 | 1.44% | 100.88 | -0.03% |
| DALLAS FORT WORTH TEX INTL ARPT REV TX 5.250 11/01/2038 | 1.20% | 113.55 | -0.27% |
| BOULDER VALLEY COLO SCH DIST NO RE 2 BOULDER CO 5.000 12/01/2040 | 1.07% | 100.15 | -0.00% |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV KY 5.000 05/01/2055 | 0.90% | 107.00 | -0.14% |
| COBB CNTY GA DEV AUTH LEASE REV GA 5.000 07/15/2040 | 0.87% | -- | -- |
| NEW JERSEY ST HIGHER ED ASSISTANCE AUTH STUDENT LN REV NJ 5.000 12/01/2032 | 0.87% | -- | -- |
| MISSOURI ST HEALTH & EDL FACS AUTH HEALTH FACS REV MO 5.000 11/15/2045 | 0.86% | 100.00 | -0.00% |
| MURRAY CNTY OKLA EDL FACS AUTH EDL FACS LEASE REV OK 5.000 09/01/2042 | 0.78% | -- | -- |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.34% |
| Administration Fee | 486.0K% |
| 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 |
| Equity Style | -- |
| 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 (2-27-26) | 2.72% |
| 30-Day SEC Yield (1-31-26) | 2.81% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 359 |
| Bond | |
| Yield to Maturity (12-31-25) | 3.56% |
| Effective Duration | 5.93 |
| Average Coupon | 4.62% |
| Calculated Average Quality | 2.426 |
| Effective Maturity | 9.342 |
| Nominal Maturity | 10.61 |
| Number of Bond Holdings | 357 |
As of December 31, 2025
Fund Details
| Key Dates | |
| Inception Date | 2/21/1995 |
| Attributes | |
| Inverse Fund | No |
| Leveraged Fund | -- |
| Currency Hedged Fund | -- |
| Socially Responsible 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. |