Morningstar

Commerce National Tax Free Intermediate Bond Fund CFNLX

Morningstar Medalist Rating
Medalist Rating as of | See Commerce Investment Hub
  • NAV / 1-Day Return 18.80  /  −0.05 %
  • Total Assets 316.3M
  • Adj. Expense Ratio
    0.620%
  • Expense Ratio 0.620%
  • Distribution Fee Level Above Average
  • Share Class Type No Load
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.77%
  • Effective Duration 5.96 years

USD | NAV as of Jul 18, 2026 | 1-Day Return as of Jul 18, 2026, 12:11 AM GMT+0

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 10.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV 5%

1.54 5M
municipal

MICHIGAN FIN AUTH REV 5%

1.45 5M
municipal

NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 2.85%

1.44 5M
municipal

DALLAS FORT WORTH TEX INTL ARPT REV 5.25%

1.19 4M
municipal

KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 5%

0.90 3M
municipal

COBB CNTY GA DEV AUTH LEASE REV 5%

0.88 3M
municipal

NEW JERSEY ST HIGHER ED ASSISTANCE AUTH STUD LN 5%

0.88 3M
municipal

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

0.86 3M
municipal

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

0.85 3M
municipal

State Street Instl US Govt MMkt Premier

0.82 3M
Cash and Equivalents

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