CFNLX – Fund Analysis – Commerce Natl Tax Free Interm Bd | Morningstar

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Will CFNLX outperform in future?

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Process Pillar

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

People Pillar

The People Pillar is our evaluation of the CFNLX 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 CFNLX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

| Mar 27, 2023

A sound investment process and strong management team underpin Commerce Natl Tax Free Interm Bd's Morningstar Quantitative Rating of Silver. The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

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