About KTXIX
Commerce Kansas Tax-Free Intermediate Bond Fund is an open-end municipal bond mutual fund focused on generating current income that is exempt from federal taxes and, where possible, from Kansas state income taxes, while emphasizing preservation of capital. The fund primarily invests in intermediate-duration municipal obligations issued by the State of Kansas and its political subdivisions, aligning with the single-state, intermediate muni category that typically targets durations of roughly four to six years. Managed by Commerce Investment Advisors’ Income Team, the strategy concentrates exposure within Kansas, resulting in a non-diversified portfolio that can heighten sensitivity to issuer- and region-specific risks alongside interest-rate and credit risks common to fixed income. With an effective duration reported around five years, the fund aims to balance income stability with moderate interest-rate sensitivity. It may include sectors such as transportation, pre-refunded, limited tax, general obligation, and lease-backed bonds, reflecting the financing needs of local infrastructure and public services. The fund serves investors seeking tax-advantaged income tied to Kansas municipal markets within an intermediate maturity profile.
Fund Family Commerce
Category Muni Single State Interm
Performance Rating Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol KTXIX
Share Class Shares
Index Bloomberg 3-15 Y Municipal Bond TR
KTXIX had a total return of 2.67% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.98%.
