Commerce Bond Fund (CFBNX)
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.
Fund Info
| ISIN | US2006262081 |
|---|---|
| CUSIP | 200626208 |
| Issuer | Commerce |
| Inception Date | Dec 12, 1994 |
| Category | Intermediate Core Bond |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
The Commerce Bond Fund has a high expense ratio of 0.60%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Commerce Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Commerce Bond Fund had a return of -2.72% year-to-date (YTD) and 0.50% in the last 12 months. Over the past 10 years, Commerce Bond Fund had an annualized return of 1.57%, while the S&P 500 had an annualized return of 10.52%, indicating that Commerce Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -2.72% | 6.92% |
| 1 month | -2.27% | -2.83% |
| 6 months | 5.49% | 23.86% |
| 1 year | 0.50% | 23.33% |
| 5 years (annualized) | 0.35% | 11.66% |
| 10 years (annualized) | 1.57% | 10.52% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.01% | -1.13% | 0.97% | |||||||||
| 2023 | -2.26% | -1.42% | 4.21% | 3.87% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Commerce Bond Fund(CFBNX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Commerce Bond Fund (CFBNX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Commerce Bond Fund granted a 3.10% dividend yield in the last twelve months. The annual payout for that period amounted to $0.54 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.54 | $0.58 | $0.54 | $0.62 | $0.57 | $0.64 | $0.63 | $0.65 | $0.67 | $0.69 | $0.75 | $0.83 |
Dividend yield | 3.10% | 3.22% | 3.11% | 3.03% | 2.70% | 3.14% | 3.25% | 3.23% | 3.40% | 3.52% | 3.68% | 4.14% |
Monthly Dividends
The table displays the monthly dividend distributions for Commerce Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.05 | $0.05 | $0.05 | |||||||||
| 2023 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 |
| 2022 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.06 |
| 2021 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.14 |
| 2020 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 |
| 2019 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.06 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 |
| 2018 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 |
| 2017 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 |
| 2016 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.07 | $0.05 | $0.05 | $0.06 | $0.05 | $0.06 | $0.06 |
| 2015 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 |
| 2014 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 | $0.06 | $0.06 | $0.06 | $0.06 |
| 2013 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.09 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Commerce Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Commerce Bond Fund was 17.28%, occurring on Oct 24, 2022. The portfolio has not yet recovered.
The current Commerce Bond Fund drawdown is 10.68%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.28% | Aug 4, 2021 | 309 | Oct 24, 2022 | — | — | — |
| -10.2% | Mar 10, 2020 | 9 | Mar 20, 2020 | 85 | Jul 22, 2020 | 94 |
| -5.68% | Mar 3, 2008 | 169 | Oct 30, 2008 | 34 | Dec 18, 2008 | 203 |
| -5.27% | Oct 6, 1998 | 221 | Aug 10, 1999 | 252 | Aug 4, 2000 | 473 |
| -5.05% | Jun 16, 2003 | 42 | Aug 14, 2003 | 135 | Feb 27, 2004 | 177 |
Volatility
Volatility Chart
The current Commerce Bond Fund volatility is 1.93%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.