About CFMOX
Commerce Missouri Tax-Free Intermediate Bond Fund is an open‑end municipal bond mutual fund focused on generating current income that is exempt from federal and Missouri state income taxes, consistent with capital preservation. The fund primarily invests at least 80% of assets in investment-grade municipal obligations issued by the State of Missouri and its political subdivisions, with the flexibility to hold a small allocation to unrated issues. Its portfolio emphasizes intermediate interest‑rate exposure, reflected in a moderate effective duration around the five- to six‑year range, aligning the strategy with investors seeking tax‑advantaged income and measured rate sensitivity. Managed by Commerce Investment Advisors’ fixed income team, the fund distributes dividends monthly and may make annual capital gains distributions. Within the muni market, it occupies the single‑state intermediate category, channeling capital to sectors such as general obligation, healthcare, transportation, education, and housing, thereby supporting public infrastructure and services across Missouri. Launched in 1995, it has built a long operating history, maintaining a no‑load structure and competitive expense profile relative to category peers.
Fund Family Commerce
Category Muni Single State Interm
Performance Rating Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol CFMOX
Share Class Shares
Index Bloomberg 3-15 Y Municipal Bond TR
CFMOX had a total return of 3.94% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.42%.
