Home / Fund Information / Mutual Funds / Growth Fund

 

Growth Fund

Overview

Objective Seeks capital appreciation.
Strategy Primarily focuses on the stocks of companies that have shown and are expected to show above-average growth in earnings.
The Management Team The Fund is managed by the Equity Strategy Team, a group of senior-level investment professionals who average 38 years of experience.
Risk/Return ico_risk_5-1
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

Growth equities ended the fourth quarter with modest gains, supported by strong fundamentals but tempered by growing concerns. Despite the longest U.S. government shutdown in history, slowing job growth, and consumer sentiment near record at multi year lows, markets held firm thanks to resilient corporate earnings and record-breaking holiday retail sales. Healthcare delivered the strongest gains in the quarter, benefiting from a reversal in prior quarters’ weakness and its defensive appeal during economic uncertainty. Communication Services followed closely, supported by ongoing investment in artificial intelligence and digital platforms. The Federal Reserve rate cuts were consistent with expectations, providing a supportive backdrop, but volatility surfaced as investors questioned whether elevated technology valuations could be sustained. The Commerce Growth Fund’s return of 0.50% underperformed the Russell 1000 Growth Index return of 1.12%.

Stock selection detracted from the Fund’s performance. The Fund’s strongest performers were not holding Roblox Corp Class A (0.00%) and Oracle (0.00%), and holding Amgen (0.95%), returning -41.50%, -30.58%, and 16.80%, respectively. The Fund’s top detractors were Bentley Systems, Incorporated Class B (0.00), Motorola Solutions, Inc. (0.98%), PTC Inc. (0.85%), returning -23.96%, -15.90%, -14.19%, respectively.

The Fund’s sector allocation was positive for the Fund’s performance. The Fund’s 0.72% overweight in the Communication Services sector which returned 4.70% added to performance as it was a stronger sector. The Index had a 11.63% weight in the Communication Services sector. However, the Fund’s -0.42% underweight in the Healthcare sector, which returned 15.88%, detracted from performance as it was a strong sector. The index had a 7.45% weight in the Healthcare sector.

 

 
 
Total Fund Assets as of 12/31/2025 $205,041,012
Net Asset Value1 $48.13
Asset Allocation  
Equities 99.1%
Cash 0.9%
Weighted Average Market Capitalization 1,869.8 billion

Top 10 Equity Holdings2 as of 12/31/2025

NVIDIA Corporation 11.1%
Apple Inc 10.6%
Microsoft Corporation 9.6%
Alphabet Inc Class A 5.6%
Amazon.com Inc 4.2%
Broadcom Inc 4.1%
Tesla Motors Inc 3.4%
Meta Platforms Inc 3.1%
iShares Russell 1000 Growth ETF 2.7%
Eli Lilly and Company 2.3%
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.

Commerce Growth Holdings  

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.
  4. Please click on the links for additional disclosures.