Commerce MO Tax-Free Intermediate Bond Fund (CFMOX) seeks current income exempt from federal and, to the extent possible, from Missouri income taxes, as is consistent with the preservation of capital. Under normal market conditions, the fund invests at least 80% of its net assets in Missouri municipal bonds, the income from which is exempt from regular federal income taxes, federal alternative minimum taxes and Missouri taxes.
This Muni Bond product has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 2.4% and 5 year 2.1%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
This Zacks Rank #1 (Strong Buy) was incepted in February 1995 and is managed by Commerce Funds . CFMOX carries an expense ratio of 0.66% and requires a minimal initial investment of $1,000.
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Zacks Investment Research