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Morningstar

Commerce Bond CFBNX

Morningstar Medalist Rating
Medalist Rating as of | See Commerce Investment Hub
  • NAV / 1-Day Return 16.89  /  0.14 %
  • Total Assets 1.1 Bil
  • Adj. Expense Ratio
    0.640%
  • Expense Ratio 0.640%
  • Distribution Fee Level Above Average
  • Share Class Type No Load
  • Category Intermediate Core Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 3.05%
  • Effective Duration —

USD | NAV as of Sep 29, 2023 | 1-Day Return as of Sep 29, 2023, 10:12 PM GMT+0

Morningstar’s Analysis CFBNX

Will CFBNX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable CFBNX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the CFBNX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of CFBNX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A strong management team and sound investment process underpin Commerce Bond's Morningstar Medalist Rating of Bronze.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings CFBNX

More CFBNX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 461
  • Other Holdings 8
  • % Assets in Top 10 Holdings 12.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Bonds 2.75%

2.73
29,665,234
Government

United States Treasury Bonds 3.125%

1.76
19,094,109
Government

United States Treasury Notes 2.875%

1.52
16,524,844
Government

United States Treasury Notes 2.75%

1.17
12,702,266
Government

Avis Budget Rental Car Funding AESOP LLC 2.36%

0.97
10,534,506
Securitized

United States Treasury Notes 4.125%

0.93
10,107,812
Government

Federal National Mortgage Association 5.5%

0.91
9,933,148
Securitized

Federal Home Loan Mortgage Corporation 5%

0.90
9,793,164
Securitized

Federal National Mortgage Association 5%

0.87
9,474,127
Securitized

State Street Instl US Govt MMkt Premier

0.83
9,060,360
Cash and Equivalents