Morningstar

Commerce National Tax Free Intermediate Bond Fund CFNLX

Morningstar Medalist Rating
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Medalist Rating as of See Commerce Investment Hub
  • NAV / 1-Day Return $18.11  /  +0.83 %
  • Fund Size $280.2M
  • Adjusted Expense Ratio 0.570%
  • Net Expense Ratio 0.620%
  • Fee Level: Distribution Above Average
  • Share Class Type No Load
  • Morningstar Category Muni National Interm
  • Fixed-Income Style Box (Funds) Medium/Moderate
  • Minimum Initial Investment $1,000
  • Investment Status Open
  • TTM Yield 3.00%
  • Average Effective Duration 6.83 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis CFNLX

Will CFNLX outperform in the 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 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.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Commerce Natl Tax Free Interm Bd holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings CFNLX

More CFNLX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 11.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

State Street Instl US Govt MMkt Premier

2.20 7M
Cash and Equivalents

SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV 5%

1.77 5M
municipal

MICHIGAN FIN AUTH REV 5%

1.69 5M
municipal

DALLAS FORT WORTH TEX INTL ARPT REV 5.25%

1.35 4M
municipal

MAIN STR ENERGY INC GA ENERGY PROJ REV 5%

1.06 3M
municipal

KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 5%

1.04 3M
municipal

MISSOURI ST HEALTH & EDL FACS AUTH HEALTH FACS REV 5%

1.01 3M
municipal

NEW JERSEY ST HIGHER ED ASSISTANCE AUTH STUD LN 5%

1.00 3M
municipal

DAVENPORT IOWA CMNTY SCH DIST SCH INFRASTRUCTURE SALES SVCS & USE TAX REV 5

0.95 3M
municipal

KENTON CNTY KY SCH DIST 4%

0.93 3M
municipal

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