- What does CFNLX invest in?
- This fund primarily invests in municipal bonds, dedicating at least 80% of its net assets and any capital acquired through borrowing for investment purposes to these securities. The interest generated by these bonds is, according to bond counsel, exempt from both standard federal income taxes and the federal Alternative Minimum Tax. These municipal obligations are issued by or on behalf of U.S. states, territories, possessions, the District of Columbia, and their related authorities, agencies, instrumentalities, and political subdivisions. A small portion, up to 10% of its total assets, may also be allocated to similar unrated securities.
- What is the expense ratio of CFNLX?
- Commerce Funds The National Tax-Free Bond Fund (CFNLX) charges an expense ratio of 0.57%. This is the annual fee deducted from fund assets to cover management and operations.
- What is CFNLX's dividend yield?
- CFNLX's trailing-twelve-month yield is 2.84%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of CFNLX?
- Effective duration measures CFNLX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. CFNLX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of CFNLX?
- CFNLX'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 CFNLX?
- Yield to maturity (YTM) is the total return you'd earn from CFNLX if every bond in the portfolio is held to maturity at the current price. CFNLX'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.
