Portfolio management turnover has been minimal at the firm over the past five years. Long-term stability signals a strong investment culture. 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 has a strong investment culture as a firm, resulting in an Above Average Parent Pillar rating.