Commerce National Tax-Free Intermediate Bond Fund (CFNLX)
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.
Fund Info
US2006267031
200626703
Feb 20, 1995
$1,000
Expense Ratio
CFNLX features an expense ratio of 0.59%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Commerce National Tax-Free Intermediate 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 National Tax-Free Intermediate Bond Fund had a return of 0.60% year-to-date (YTD) and 2.10% in the last 12 months. Over the past 10 years, Commerce National Tax-Free Intermediate Bond Fund had an annualized return of 1.63%, while the S&P 500 had an annualized return of 11.31%, indicating that Commerce National Tax-Free Intermediate Bond Fund did not perform as well as the benchmark.
CFNLX
0.60%
0.98%
0.61%
2.10%
0.21%
1.63%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of CFNLX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2025 | 0.49% | 0.60% | |||||||||||
2024 | -0.34% | 0.05% | -0.05% | -0.96% | -0.60% | 1.35% | 0.85% | 0.79% | 0.91% | -1.48% | 1.36% | -0.95% | 0.88% |
2023 | 2.61% | -2.43% | 2.13% | -0.31% | -1.12% | 0.72% | 0.18% | -1.12% | -2.77% | -1.16% | 5.92% | 2.41% | 4.83% |
2022 | -2.51% | -0.37% | -2.64% | -2.56% | 1.49% | -1.19% | 2.47% | -2.29% | -3.36% | -0.51% | 4.12% | 0.44% | -6.98% |
2021 | 0.23% | -1.22% | 0.32% | 0.62% | 0.31% | 0.07% | 0.71% | -0.27% | -0.70% | -0.22% | 0.57% | -0.91% | -0.50% |
2020 | 1.56% | 1.10% | -2.09% | -0.84% | 2.77% | 0.29% | 1.27% | -0.35% | 0.04% | -0.26% | 0.82% | 0.13% | 4.45% |
2019 | 0.76% | 0.56% | 1.27% | 0.24% | 1.40% | 0.38% | 0.78% | 1.37% | -0.76% | 0.12% | 0.07% | -0.08% | 6.24% |
2018 | -1.30% | -0.33% | 0.33% | -0.38% | 0.97% | 0.03% | 0.13% | 0.19% | -0.63% | -0.64% | 1.15% | 1.19% | 0.67% |
2017 | 0.50% | 0.67% | 0.29% | 0.77% | 1.37% | -0.27% | 0.53% | 0.73% | -0.58% | 0.37% | -0.59% | 0.79% | 4.65% |
2016 | 1.35% | 0.04% | 0.28% | 0.58% | 0.08% | 1.49% | -0.02% | 0.12% | -0.26% | -0.82% | -3.54% | 0.40% | -0.41% |
2015 | 1.66% | -0.89% | 0.38% | -0.44% | -0.23% | -0.23% | 0.60% | 0.18% | 0.76% | 0.24% | 0.30% | 0.60% | 2.96% |
2014 | 1.66% | 1.35% | -0.28% | 0.75% | 1.16% | -1.27% | 0.24% | 0.99% | 0.09% | 0.58% | 0.17% | 0.41% | 5.98% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of CFNLX is 30, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Commerce National Tax-Free Intermediate Bond Fund (CFNLX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Commerce National Tax-Free Intermediate Bond Fund provided a 2.56% dividend yield over the last twelve months, with an annual payout of $0.48 per share. The fund has been increasing its distributions for 3 consecutive years.
Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.48 | $0.47 | $0.39 | $0.38 | $0.31 | $0.36 | $0.43 | $0.43 | $0.42 | $0.43 | $0.43 | $0.50 |
Dividend yield | 2.56% | 2.54% | 2.08% | 2.07% | 1.53% | 1.73% | 2.12% | 2.24% | 2.16% | 2.25% | 2.18% | 2.55% |
Monthly Dividends
The table displays the monthly dividend distributions for Commerce National Tax-Free Intermediate 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 | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2025 | $0.04 | $0.00 | $0.04 | ||||||||||
2024 | $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 |
2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
2022 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.09 | $0.38 |
2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.31 |
2020 | $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 |
2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.43 |
2018 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.43 |
2017 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.42 |
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 | $0.43 |
2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.43 |
2014 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.50 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Commerce National 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 National Tax-Free Intermediate Bond Fund was 12.64%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current Commerce National Tax-Free Intermediate Bond Fund drawdown is 2.59%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-12.64% | Aug 5, 2021 | 309 | Oct 25, 2022 | — | — | — |
-9.36% | Mar 10, 2020 | 9 | Mar 20, 2020 | 78 | Jul 13, 2020 | 87 |
-8.44% | Sep 12, 2008 | 26 | Oct 17, 2008 | 59 | Jan 13, 2009 | 85 |
-7.98% | Dec 7, 2012 | 189 | Sep 9, 2013 | 338 | Jan 12, 2015 | 527 |
-7.02% | Sep 1, 2010 | 95 | Jan 14, 2011 | 130 | Jul 22, 2011 | 225 |
Volatility
Volatility Chart
The current Commerce National Tax-Free Intermediate Bond Fund volatility is 0.81%, 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.