In general, greater returns are associated with greater risks.
Fund Statistics:
Inception Date
12/12/94
Ticker Symbol
CFGRX
Cusip
200626406
Minimum Initial Investment
$1,000
Commentary as of 12/31/2009
Growth stocks extended their positive returns to three quarters after the poor start in the first quarter of 2009. The Growth Fund outperformed its benchmark returning 8.13% versus 7.94% for the Russell 1000 Growth Index (“Index”).
In the quarter, electronic technology and technology services were strong sectors rising 11.41% versus the 7.94% gain for the Index. The Fund has a 39.8% exposure to technology and is 6% overweighted to the Index. Marvell Technology Group Ltd. (1.64%) was the strongest performer rising 39% in the technology sector. Not just the smaller technology companies did well but Microsoft Corp. (4.84%), Google Inc. (3.94%) and Oracle Corp (1.55%) all rose 20% or more.
Stock selection in the finance sector hurt performance with Northern Trust Corp. (1.01%) declining 8% as well as in the producer manufacturing sector where Crown Holdings Inc. (0.54%) declined 11%. While the consumer has been portrayed as over leveraged and some say spending will not rebound as much as in past recessions, two of the Fund’s best performing stocks were Amazon Inc. (0.38%) and Panera Bread Co. (0.95%) which rose 48% and 25% respectively.
Footnotes: 1. The Net Asset Value represents the assets of the fund (ex dividend) by the total number of shares.
2. The composition of the portfolio is subject to change in the future.
3. The Russell 1000 Growth Index is an unmanaged index that measures the performance of those Russell 1000 companies with higher price-to-book ratios and higher forecasted growth values. The Index figures do not reflect any fees or expenses.
Portfolio Holdings
The Fund invests in mid-capitalization securities. The securities of mid-capitalization companies involve greater risks than those associated with larger, more established companies and may be subject to more abrupt or erratic price movements.
Holdings and allocations shown are unaudited, and may not be representative of current or future investments. Holdings and allocations may not include the Fund's entire investment portfolio, which may change at any time. Fund holdings should not be relied on in making investment decisions and should not be construed as research or investment advice regarding particular securities.
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A prospectus for the Commerce Funds containing more complete information may be obtained by calling 1-800-995-6365 or bydownloading it from this website. Please consider a Fund's objectives, risks, and charges and expenses, and read the prospectus carefully before investing. The prospectus contains this and other information about the Fund.
The mutual funds referred to in this Web site are offered and sold only to persons residing in the United States and are offered by prospectus only. The prospectus contains more complete information about the funds, including charges and expenses, and should be read carefully before investing.
