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Commerce

Commerce Parent Rating

Above Average

Overall, Commerce benefits from a strong investment culture, earning it an Above Average Parent Pillar rating.

A source of strength is that the firm has proven adept at retaining portfolio management talent, providing continuity for strategies, as evidenced by low turnover over the past five years compared with others in the industry. The firm charges fees on open-end and exchange-traded funds that are on par with category peers. On average, fees are within the middle quintile, giving it neither an advantage nor disadvantage compared with the competition. Commerce strategies have failed to have lengthy success. In particular, the firm's five-year risk-adjusted success ratio demonstrates that only 38% have both survived and beaten their respective category median on a risk-adjusted basis. A low success ratio indicates poor performance and raises questions about a firm’s discipline around investment strategy and product development.

Commerce Investments

Market

US Open-end ex MM ex FoF ex Feeder

Total Net Assets

2.63 Bil

Investment Flows (TTM)

−73.04 Mil

Asset Growth Rate (TTM)

−2.82%

# of Share Classes

9
Morningstar Rating # of Share Classes
1
2
3
2
0
Not Rated 1

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