- What does CFMOX invest in?
- This fund primarily targets investments in Missouri municipal bonds, allocating a minimum of 80% of its net assets, including any leveraged funds, to these instruments. According to bond counsel, the income generated from these bonds is exempt from standard federal income taxes, federal alternative minimum taxes, and Missouri state taxes. Up to 10% of the fund's total assets may be held in securities that do not carry a credit rating. This investment vehicle is classified as non-diversified.
- What is the expense ratio of CFMOX?
- Commerce Missouri Tax-Free Intermediate Bond Fund (CFMOX) charges an expense ratio of 0.59%. This is the annual fee deducted from fund assets to cover management and operations.
- What is CFMOX's dividend yield?
- CFMOX's trailing-twelve-month yield is 2.74%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of CFMOX?
- Effective duration measures CFMOX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. CFMOX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of CFMOX?
- CFMOX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of CFMOX?
- Yield to maturity (YTM) is the total return you'd earn from CFMOX if every bond in the portfolio is held to maturity at the current price. CFMOX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
