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Commerce Missouri Tax-Free Intermediate Bond Fund ...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Commerce Missouri Tax-Free Intermediate Bond Fund (CFMOX)

Mutual Fund · Currency in USD · Last updated May 30, 2025

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.

Fund Info

ISIN

US2006268021

CUSIP

200626802

Issuer

Commerce

Inception Date

Feb 20, 1995

Category

Municipal Bonds

Min. Investment

$1,000

Asset Class

Bond

Expense Ratio

CFMOX has an expense ratio of 0.63%, placing it in the medium range.

Share Price Chart

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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Commerce Missouri Tax-Free Intermediate Bond Fund

Popular comparisons:
CFMOX vs. ETMOX
Popular comparisons:
CFMOX vs. ETMOX

Performance

Performance Chart

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S&P 500

Returns By Period

Commerce Missouri Tax-Free Intermediate Bond Fund (CFMOX) returned -0.56% year-to-date (YTD) and 2.40% over the past 12 months. Over the past 10 years, CFMOX returned 1.54% annually, underperforming the S&P 500 benchmark at 10.84%.

CFMOX

YTD

-0.56%

1M

0.50%

6M

-1.18%

1Y

2.40%

3Y*

1.40%

5Y*

-0.03%

10Y*

1.54%

^GSPC (Benchmark)

YTD

0.52%

1M

6.32%

6M

-1.44%

1Y

12.25%

3Y*

12.45%

5Y*

14.20%

10Y*

10.84%

*Annualized

Monthly Returns

The table below presents the monthly returns of CFMOX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.47%1.03%-1.55%-0.43%-0.05%-0.56%
2024-0.36%0.08%-0.19%-0.94%-0.79%1.30%0.85%0.73%0.95%-1.46%1.45%-1.03%0.54%
20232.63%-2.27%2.09%-0.25%-1.17%0.78%0.12%-1.13%-2.83%-1.45%6.20%2.41%4.87%
2022-2.30%-0.45%-2.43%-2.54%1.45%-1.29%2.33%-2.30%-3.32%-0.56%4.21%0.38%-6.88%
20210.14%-0.88%0.34%0.54%0.19%0.15%0.64%-0.25%-0.74%-0.15%0.65%0.05%0.70%
20201.32%1.01%-1.80%-0.68%2.49%0.15%0.89%-0.29%-0.05%-0.26%0.80%0.29%3.88%
20190.67%0.47%1.23%0.25%1.21%0.39%0.68%1.18%-0.67%0.07%0.12%0.22%5.93%
2018-1.17%-0.31%0.35%-0.42%0.99%0.00%0.09%0.15%-0.48%-0.64%1.17%1.10%0.81%
20170.37%0.69%0.26%0.63%1.29%-0.25%0.57%0.66%-0.51%0.36%-0.45%0.82%4.51%
20161.13%0.11%0.15%0.60%0.10%1.26%0.04%0.05%-0.25%-0.71%-3.16%0.84%0.08%
20151.69%-0.81%0.25%-0.36%-0.16%-0.11%0.50%0.14%0.62%0.16%0.27%0.46%2.66%
20141.43%1.26%-0.16%0.87%1.22%-1.10%0.29%0.99%-0.05%0.51%0.19%0.34%5.92%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of CFMOX is 32, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.

The Risk-Adjusted Performance Rank of CFMOX is 3232
Overall Rank
The Sharpe Ratio Rank of CFMOX is 3535
Sharpe Ratio Rank
The Sortino Ratio Rank of CFMOX is 2727
Sortino Ratio Rank
The Omega Ratio Rank of CFMOX is 3232
Omega Ratio Rank
The Calmar Ratio Rank of CFMOX is 3333
Calmar Ratio Rank
The Martin Ratio Rank of CFMOX is 3535
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Commerce Missouri Tax-Free Intermediate Bond Fund (CFMOX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Commerce Missouri Tax-Free Intermediate Bond Fund Sharpe ratios as of May 30, 2025 (values are recalculated daily):

  • 1-Year: 0.49
  • 5-Year: -0.01
  • 10-Year: 0.47
  • All Time: 1.19

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Commerce Missouri Tax-Free Intermediate Bond Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

Commerce Missouri Tax-Free Intermediate Bond Fund provided a 2.46% dividend yield over the last twelve months, with an annual payout of $0.45 per share. The fund has been increasing its distributions for 3 consecutive years.

1.80%2.00%2.20%2.40%2.60%2.80%$0.00$0.10$0.20$0.30$0.40$0.5020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.45$0.43$0.40$0.38$0.36$0.38$0.43$0.47$0.49$0.47$0.47$0.53

Dividend yield

2.46%2.32%2.11%2.08%1.79%1.85%2.16%2.45%2.49%2.47%2.41%2.72%

Monthly Dividends

The table displays the monthly dividend distributions for Commerce Missouri Tax-Free Intermediate Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.04$0.04$0.04$0.04$0.00$0.16
2024$0.03$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.43
2023$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.04$0.04$0.03$0.03$0.40
2022$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.06$0.38
2021$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.36
2020$0.03$0.03$0.04$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.38
2019$0.04$0.04$0.04$0.04$0.04$0.04$0.03$0.03$0.04$0.03$0.03$0.03$0.43
2018$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.47
2017$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.49
2016$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.47
2015$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.47
2014$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.04$0.04$0.04$0.04$0.04$0.53

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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Worst Drawdowns

The table below displays the maximum drawdowns of the Commerce Missouri Tax-Free Intermediate 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 Missouri Tax-Free Intermediate Bond Fund was 11.72%, occurring on Oct 25, 2022. The portfolio has not yet recovered.

The current Commerce Missouri Tax-Free Intermediate Bond Fund drawdown is 2.84%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-11.72%Aug 5, 2021309Oct 25, 2022———
-8.4%Mar 10, 20209Mar 20, 202077Jul 10, 202086
-7.56%Sep 12, 200825Oct 16, 200856Jan 7, 200981
-6.71%May 3, 201389Sep 9, 2013181May 29, 2014270
-4.87%Mar 10, 200446May 13, 200491Sep 23, 2004137
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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