National Tax-Free Intermediate Bond Fund
Seeks current income exempt from federal income tax consistent with the preservation of capital.
Focuses on a broad range of investment-grade municipal securities, typically issued by or on behalf of the states, territories and possessions of the United States, the District of Columbia, and their respective authorities, agencies, instrumentalities and political subdivisions.
- Joined Commerce in 1995
- 22 years of experience
- Fund Manager since 1999
LOW - - • - - - - HIGH
In general, greater returns are associated with greater risks.
|Minimum Initial Investment||$1,000|
|Total Fund Assets as of 09/30/2017||$337,055,141|
|Net Asset Value1||$19.59|
1. The Net Asset Value represents the assets of the fund (ex dividend) by the total number of shares.
2. Duration is the method determining a bond's price sensitivity, given changes in interest rates.
3. The composition of the portfolio is subject to change in the future.
4. The Fund's investments may subject shareholders to federal alternative minimum tax, and investment income may be subject to state income taxes.