The fund normally invests at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) in stocks, primarily common stocks, of mid-cap issuers. These issuers will have public stock market capitalizations within the range of the market capitalization of companies constituting the Russell Midcap Growth Index at the time of investment. It invests principally in stock of companies that had low price volatility in the past.

Nasdaq

CFAGX

The fund invests at least 80% of its net assets plus any borrowings for investment purposes in debt securities. It may invest up to 80% of its total assets in mortgage-backed and asset-backed securities. The fund may invest up to 10% of its total assets in high yield securities known as junk bonds and up to 35% of its total assets in obligations rated BBB or Baa by one of the major credit rating agencies.

CFBNX

The fund normally invests at least 65% of its total assets in stocks, primarily common stock. It invests principally in stocks of companies that had low price volatility in the past. The fund may invest a significant amount of its assets from time to time in technology sectors. It generally purchases common stock of companies whose characteristics are comparable to those included in the Russell 1000 Growth Index.

CFGRX

The fund normally invests at least 80% of its net assets plus any borrowings for investment purposes, 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. It may invest up to 10% of its total assets in such unrated securities.

CFMOX

The fund normally invests at least 80% of its net assets plus any borrowings for investment purposes, in municipal bonds issued by or on behalf of the states, territories and possessions of the United States, the District of Columbia and their respective authorities, agencies, instrumentalities and political subdivisions, the income from which, in the opinion of bond counsel, is exempt from regular federal income and federal alternative minimum taxes. It may invest up to 10% of its total assets in such unrated securities.

CFNLX

The fund normally invests at least 80% of its net assets plus any borrowings for investment purposes in securities issued or guaranteed by the U.S. government, its agencies or instrumentalities and government mortgage-backed securities. It may also purchase other mortgage-backed securities, which are sold by private issuers. The fund invests at least 65% of its total assets in securities issued or guaranteed by the U.S. government, its agencies or instrumentalities and government mortgage-backed and asset-backed securities that have average lives or remaining maturities of five years or less.

CFSTX

Under normal market conditions, the fund invests at least 65% of its total assets in stocks, primarily common stock. It invests principally in stocks within the Russell 1000 Value Index universe that have an above average dividend yield. The fund seeks a higher return than the index over time through a combination of capital appreciation and dividend income. It may invest a significant amount of its assets from time to time in the financial and technology sector.

CFVLX

The fund normally invests at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) in Kansas municipal bonds, the income from which, in the opinion of bond counsel, is exempt from regular federal income taxes, federal alternative minimum taxes and Kansas taxes. It may invest up to 10% of its total assets in such unrated securities.

Symbol	Full Name	Category	Inception	Expense Ratio	YTD Return	10Y Return (Annualized)	Dividend Yield	Risk / Return Rank
CFAGX	Commerce MidCap Growth Fund	Mid Cap Growth Equities	Dec 12, 1994	0.71%	-3.55%	9.83%	25.81%	6
CFBNX	Commerce Bond Fund	Intermediate Core Bond	Dec 12, 1994	0.60%	-0.35%	2.00%	3.28%	30
CFGRX	Commerce Growth Fund	Large Cap Growth Equities	Dec 12, 1994	0.68%	-7.98%	14.79%	21.33%	21
CFMOX	Commerce Missouri Tax-Free Intermediate Bond Fund	Municipal Bonds	Feb 20, 1995	0.63%	-0.48%	1.67%	2.61%	32
CFNLX	Commerce National Tax-Free Intermediate Bond Fund	Municipal Bonds	Feb 20, 1995	0.59%	-0.44%	1.83%	2.78%	48
CFSTX	Commerce Short Term Government Fund	Government Bonds	Dec 11, 1994	0.68%	-0.02%	1.26%	2.17%	86
CFVLX	Commerce Value Fund	Large Cap Value Equities	Mar 3, 1997	0.67%	3.75%	9.67%	10.62%	40
KTXIX	Commerce Kansas Tax-Free Intermediate Bond Fund	Municipal Bonds	Dec 25, 2000	0.70%	-0.74%	1.45%	2.63%	42

Commerce Mutual Funds List

Risk vs. Return Scatterplot