Commerce Short Term Government Fund (CFSTX)
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.
Fund Info
| ISIN | US2006261091 |
|---|---|
| CUSIP | 200626109 |
| Issuer | Commerce |
| Inception Date | Dec 11, 1994 |
| Category | Government Bonds |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
CFSTX has a high expense ratio of 0.68%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Commerce Short Term Government 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 Short Term Government Fund had a return of 0.38% year-to-date (YTD) and 2.52% in the last 12 months. Over the past 10 years, Commerce Short Term Government Fund had an annualized return of 0.72%, while the S&P 500 had an annualized return of 10.64%, indicating that Commerce Short Term Government Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.38% | 7.50% |
| 1 month | -0.05% | -1.61% |
| 6 months | 3.03% | 17.65% |
| 1 year | 2.52% | 26.26% |
| 5 years (annualized) | 0.52% | 11.73% |
| 10 years (annualized) | 0.72% | 10.64% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.36% | -0.29% | 0.55% | -0.55% | ||||||||
| 2023 | -0.25% | 1.56% | 1.72% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of CFSTX is 45, suggesting that the investment has average results relative to the market in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Commerce Short Term Government Fund(CFSTX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Commerce Short Term Government Fund (CFSTX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Commerce Short Term Government Fund granted a 2.47% dividend yield in the last twelve months. The annual payout for that period amounted to $0.39 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.39 | $0.39 | $0.25 | $0.26 | $0.34 | $0.41 | $0.33 | $0.27 | $0.29 | $0.24 | $0.35 | $0.41 |
Dividend yield | 2.47% | 2.44% | 1.60% | 1.52% | 1.99% | 2.43% | 1.94% | 1.61% | 1.70% | 1.40% | 1.97% | 2.32% |
Monthly Dividends
The table displays the monthly dividend distributions for Commerce Short Term Government 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 | $0.03 | $0.02 | $0.03 | $0.02 | ||||||||
| 2023 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.09 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.02 | $0.03 |
| 2021 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2020 | $0.03 | $0.03 | $0.04 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.06 |
| 2019 | $0.02 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.07 |
| 2018 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2017 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 |
| 2013 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 |
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 Short Term Government 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 Short Term Government Fund was 8.72%, occurring on Oct 20, 2022. The portfolio has not yet recovered.
The current Commerce Short Term Government Fund drawdown is 2.77%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -8.72% | Feb 5, 2021 | 431 | Oct 20, 2022 | — | — | — |
| -5.47% | Jun 16, 2003 | 762 | Jun 23, 2006 | 861 | Nov 27, 2009 | 1623 |
| -4.37% | Dec 5, 1995 | 137 | Jun 12, 1996 | 122 | Nov 29, 1996 | 259 |
| -2.47% | Mar 10, 2020 | 9 | Mar 20, 2020 | 33 | May 7, 2020 | 42 |
| -2.29% | Nov 8, 2001 | 12 | Nov 26, 2001 | 106 | Apr 30, 2002 | 118 |
Volatility
Volatility Chart
The current Commerce Short Term Government Fund volatility is 0.60%, 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.