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Trending ETFs

Name

As of 05/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$18.44

$250 M

2.32%

$0.43

0.68%

Vitals

YTD Return

-1.3%

1 yr return

2.5%

3 Yr Avg Return

-1.2%

5 Yr Avg Return

0.3%

Net Assets

$250 M

Holdings in Top 10

13.2%

52 WEEK LOW AND HIGH

$18.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.68%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 15.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

$1,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 05/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$18.44

$250 M

2.32%

$0.43

0.68%

CFMOX - Profile

Distributions

  • YTD Total Return -1.3%
  • 3 Yr Annualized Total Return -1.2%
  • 5 Yr Annualized Total Return 0.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.77%
DIVIDENDS
  • Dividend Yield 2.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    The Missouri Tax-Free Intermediate Bond Fund
  • Fund Family Name
    Commerce
  • Inception Date
    Apr 28, 1997
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Brian Musielak

Fund Description

Security Types: Under normal market conditions, the Fund invests at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase), in Missouri municipal bonds, the income from which, in the opinion of bond counsel, is exempt from regular federal income taxes, federal alternative minimum taxes and Missouri taxes. Alternatively, at least 80% of the Fund’s distributed income must be exempt from such taxes. In addition to obligations issued by the State of Missouri and its subdivisions, authorities, instrumentalities and agencies, the Fund may also invest in obligations issued by U.S. territories, commonwealths and possessions (such as Puerto Rico, the U.S. Virgin Islands and Guam) that pay interest that is exempt from federal and Missouri income tax. The Fund’s 80% investment strategy is fundamental–meaning that it can be changed only by the holders of a majority of the outstanding voting securities of the Fund.
The Fund seeks to maximize the proportion of its dividends that are exempt from both federal and Missouri income tax.
The Fund strives to minimize net realized capital gains.
Credit Quality: Except as described below, the municipal securities in which the Fund invests will be rated investment grade (e.g., in the top four credit-rating categories) at the time of purchase by at least one nationally recognized statistical rating organization, or if unrated will be deemed by the Adviser to be of comparable quality to investment grade municipal securities. The Fund may invest up to 10% of its total assets in such unrated securities. The Fund may invest up to 5% of its total assets in high yield (non-investment grade) securities known as junk bonds. Subsequent to purchase, the Fund’s municipal securities may be downgraded below investment grade or may be deemed by the Adviser to be no longer comparable to investment grade securities. The Adviser will consider such an event in determining whether the Fund should continue to hold the security, except that the Fund may not hold more than 5% of its total assets in high yield (non-investment grade) securities.
Maturity Distribution: The Fund actively manages maturities to take advantage of changes in interest rates. Under normal market conditions, the average weighted maturity of the Fund’s portfolio securities will be five to twelve years.
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CFMOX - Performance

Return Ranking - Trailing

Period CFMOX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.3% -3.4% 15.0% 92.70%
1 Yr 2.5% -1.5% 31.6% 89.77%
3 Yr -1.2%* -10.8% 2.8% 51.63%
5 Yr 0.3%* -6.3% 1102.2% 71.90%
10 Yr 1.4%* -0.6% 248.3% 60.60%

* Annualized

Return Ranking - Calendar

Period CFMOX Return Category Return Low Category Return High Rank in Category (%)
2023 2.6% -1.4% 41.0% 56.11%
2022 -8.8% -39.7% 0.3% 25.07%
2021 -1.1% -5.6% 6.9% 77.70%
2020 2.0% -2.6% 310.0% 38.53%
2019 3.6% 0.0% 26.0% 55.66%

Total Return Ranking - Trailing

Period CFMOX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.3% -3.4% 15.0% 92.70%
1 Yr 2.5% -1.5% 31.6% 89.77%
3 Yr -1.2%* -10.8% 2.8% 51.63%
5 Yr 0.3%* -6.3% 1102.2% 71.90%
10 Yr 1.4%* -0.6% 248.3% 60.60%

* Annualized

Total Return Ranking - Calendar

Period CFMOX Return Category Return Low Category Return High Rank in Category (%)
2023 4.7% -1.3% 41.0% 71.65%
2022 -6.9% -39.7% 1.1% 25.86%
2021 0.8% -4.8% 23761504.0% 68.97%
2020 3.9% -1.5% 17057.9% 47.17%
2019 4.9% 0.2% 3514.6% 80.10%

NAV & Total Return History


CFMOX - Holdings

Concentration Analysis

CFMOX Category Low Category High CFMOX % Rank
Net Assets 250 M 3.22 M 71.9 B 64.73%
Number of Holdings 231 2 13067 49.90%
Net Assets in Top 10 33 M -317 M 3.56 B 75.11%
Weighting of Top 10 13.23% 2.0% 100.2% 71.19%

Top 10 Holdings

  1. NORTH KANSAS CITY MO SCH DIST #74 2.30%
  2. MISSOURI ST DEV FIN BRD CULTURAL FACS REVENUE 1.60%
  3. BLAIR OAKS MO #R-II SCH DIST 1.37%
  4. HANNIBAL MO INDL DEV AUTH 1.34%
  5. MISSOURI ST DEV FIN BRD INFRASTRUCTURE FACS REVENUE 1.16%
  6. SAINT LOUIS MO MUNI FIN CORP 1.14%
  7. MICHIGAN ST HSG DEV AUTH SF MTGE REVENUE 1.12%
  8. KANSAS CITY MO INDL DEV AUTH ARPT SPL OBLIG 1.07%
  9. SAINT LOUIS MO MUNI FIN CORP SALES TAX LEASEHOLD REVENUE 1.06%
  10. ARIZONA ST INDL DEV AUTH NATIONAL CHRT SCH REVOLVING LOAN FD 1.05%

Asset Allocation

Weighting Return Low Return High CFMOX % Rank
Bonds
98.26% 0.00% 150.86% 57.68%
Cash
1.11% -50.86% 46.80% 54.20%
Stocks
0.63% 0.00% 99.81% 4.88%
Preferred Stocks
0.00% 0.00% 0.10% 1.82%
Other
0.00% -3.18% 23.38% 12.70%
Convertible Bonds
0.00% 0.00% 0.93% 1.83%

Stock Sector Breakdown

Weighting Return Low Return High CFMOX % Rank
Utilities
0.00% 0.00% 0.00% 28.32%
Technology
0.00% 0.00% 0.00% 25.23%
Real Estate
0.00% 0.00% 0.00% 24.56%
Industrials
0.00% 0.00% 100.00% 9.80%
Healthcare
0.00% 0.00% 0.00% 27.79%
Financial Services
0.00% 0.00% 0.00% 34.36%
Energy
0.00% 0.00% 0.00% 43.62%
Communication Services
0.00% 0.00% 100.00% 29.26%
Consumer Defense
0.00% 0.00% 0.00% 23.36%
Consumer Cyclical
0.00% 0.00% 100.00% 29.40%
Basic Materials
0.00% 0.00% 0.00% 24.97%

Stock Geographic Breakdown

Weighting Return Low Return High CFMOX % Rank
US
0.63% 0.00% 99.81% 4.89%
Non US
0.00% 0.00% 10.75% 1.82%

Bond Sector Breakdown

Weighting Return Low Return High CFMOX % Rank
Municipal
95.10% 44.39% 100.00% 81.29%
Derivative
0.00% -3.18% 23.38% 8.53%
Cash & Equivalents
0.00% 0.00% 46.24% 57.46%
Securitized
0.00% 0.00% 5.93% 3.40%
Corporate
0.00% 0.00% 9.41% 20.67%
Government
0.00% 0.00% 52.02% 9.55%

Bond Geographic Breakdown

Weighting Return Low Return High CFMOX % Rank
US
98.26% 0.00% 142.23% 54.98%
Non US
0.00% 0.00% 23.89% 11.07%

CFMOX - Expenses

Operational Fees

CFMOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.68% 0.01% 20.65% 55.06%
Management Fee 0.37% 0.00% 1.20% 30.92%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.01% 0.44% 50.00%

Sales Fees

CFMOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

CFMOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CFMOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 15.00% 0.00% 283.00% 41.03%

CFMOX - Distributions

Dividend Yield Analysis

CFMOX Category Low Category High CFMOX % Rank
Dividend Yield 2.32% 0.00% 14.51% 81.32%

Dividend Distribution Analysis

CFMOX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

CFMOX Category Low Category High CFMOX % Rank
Net Income Ratio 1.77% -0.53% 5.33% 59.99%

Capital Gain Distribution Analysis

CFMOX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

CFMOX - Fund Manager Analysis

Managers

Brian Musielak


Start Date

Tenure

Tenure Rank

Dec 31, 1999

22.43

22.4%

Musielak, Senior Vice President, is a portfolio manager for Commerce Investment Advisors. He joined the investment management group of the firm in 1995 as a fixed income analyst. Prior to assuming these responsibilities, he worked in the commercial loan department as a credit analyst.

Brent Schowe


Start Date

Tenure

Tenure Rank

Mar 01, 2012

10.25

10.3%

Brent L. Schowe , CFA, Senior Vice President, Joined Commerce Investment Advisors, Inc. in 1999 and serve as Fund manager since 2012.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.36 1.58