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Morningstar

Commerce KS Tax Free Interm Bd KTXIX

Morningstar Medalist Rating
Medalist Rating as of | See Commerce Investment Hub
  • NAV / 1-Day Return 17.70  /  0.16 %
  • Total Assets 130.8 Mil
  • Adj. Expense Ratio
    0.700%
  • Expense Ratio 0.700%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Muni Single State Interm
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 1.96%
  • Effective Duration —

USD | NAV as of Sep 22, 2023 | 1-Day Return as of Sep 22, 2023, 10:16 PM GMT+0

Morningstar’s Analysis KTXIX

Will KTXIX 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 KTXIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

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

Strength in Commerce KS Tax Free Interm Bd's People Pillar is partially offset by an Average Process Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings KTXIX

More KTXIX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 146
  • Other Holdings 2
  • % Assets in Top 10 Holdings 14.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

JOHNSON CNTY KANS UNI SCH DIST NO 512 SHAWNEE MISSION 5%

1.49
2,080,363
municipal

JOHNSON CNTY KANS 4%

1.49
2,077,173
municipal

KANSAS ST DEV FIN AUTH REV 5%

1.45
2,025,661
municipal

UNIVERSITY KANS HOSP AUTH HEALTH FACS REV 5%

1.45
2,021,872
municipal

UNIVERSITY KANS HOSP AUTH HEALTH FACS REV 5%

1.45
2,018,960
municipal

KANSAS ST DEV FIN AUTH REV 4%

1.44
2,003,505
municipal

BEL AIRE KANS 3%

1.44
2,000,528
municipal

SHAWNEE CNTY KANS SCH DIST NO 345 SEAMAN 0%

1.43
1,993,402
Cash and Equivalents

DOUGLAS CNTY KANS UNI SCH DIST NO 491 EUDORA 5%

1.40
1,947,508
municipal

TOPEKA KANS 2%

1.32
1,832,536
municipal