ST. LOUIS--(BUSINESS WIRE)--Lipper, a leading provider of mutual fund information, analytical tools and commentary, has given Commerce Investment Advisors, Inc. its highest rating in the Best Fixed Income Small Fund Group for the second consecutive year. Commerce Investment Advisors took the top spot out of 67 qualified companies in this category receiving an asset class group award1. Scott Colbert, director of Fixed Income Management, The Commerce Trust Company and Commerce Investment Advisors, Inc., accepted the honor last night (Thursday, March 20) at an awards ceremony in New York.
Fund groups with at least five equity, five bond, or three mixed-asset portfolios in the respective asset classes are eligible for a group award. The lowest average decile rank of the three years' Consistent Return measure of the eligible funds per asset class and group determines the asset class group award winner of the three-year period. The small fund group category must have at least three distinct portfolios in one of the asset classes - equity, bond, or mixed-asset. The threshold for determining large and small companies is $50.7 billion as of 11/30/13.
"This recognition provides further evidence that Commerce Investment Advisors and its Fixed Income group continue to deliver strong nominal and relative performance," Colbert said upon accepting the award. "I attribute our success over time to our focus on seeking to maximize risk-adjusted return and our position as a money management arm within a high-quality bank."
Investments in the Funds carry risks, including possible loss of principal. Special risks may be associated with investments outside the United States, especially in emerging markets, including currency fluctuations, illiquidity and volatility. Investments in small capitalization companies may increase the risk of greater price fluctuations. Funds investing in bonds have the same interest rate, inflation, and credit risks that are associated with the underlying bonds. The principal value of bonds will fluctuate relative to changes in interest rates, decreasing when interest rates rise. Investments in the Funds are not FDIC insured, nor are they deposits of or guaranteed by a bank or any other entity.
Past performance does not guarantee future results, which may vary. To obtain the most recent month end returns, please visit our website at www.commercefunds.com.
A current Commerce Funds prospectus or additional information regarding The Commerce Funds may be obtained by calling 1-800-995-6365, visiting http://www.commercefunds.com/prospectus.asp, or by writing to The Commerce Funds, P.O. Box 219525, Kansas City, MO 64121-9525. 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.
About The Commerce Family of Funds
The Commerce Funds, a family of eight mutual funds targeting specific investment goals, are advised by Commerce Investment Advisors, Inc., a subsidiary of Commerce Bank. Goldman, Sachs & Co. is the distributor of The Commerce Funds.
About Lipper Analytical Services, Inc.
Lipper Analytical Services, Inc., with offices in the United States, Europe and Asia, is a leading global provider of fund intelligence. It provides comprehensive and objective information on funds and fund markets. It also provides information, analytical tools, and commentary to fund companies, financial intermediaries, media and individual investors.
Lipper Fund Awards Methodology
- Funds registered for sale in the respective country as of the end of the calendar year of the respective evaluation year.
- At least 36 months of performance history as of the end of the calendar year of the respective evaluation year.
- Lipper Global classifications with at least ten distinct portfolios based on the primary share class definition, excluding residual classifications, institutional and other non retail funds, private, closed-end, exchange traded, insurance and linked funds.
- Asset classes: equity, bond, and mixed-asset except for Absolute Return funds where money market and other fund asset types are considered as well.
Asset Class Group Awards1
Fund groups with at least five equity, five bond, or three mixed-asset portfolios in the respective asset classes are eligible for a group award. The lowest average decile1 rank of the three years' Consistent Return measure of the eligible funds per asset class and group will determine the asset class group award winner over the three-year period. In cases of identical results the lower average percentile rank will determine the winner. Asset class group awards will be given to the best large and small groups separately. Small groups will need to have at least three distinct portfolios in one of the asset classes - equity, bond, or mixed-asset.
The Commerce Trust Company
As of December 31, 2013, The Commerce Trust Company was responsible for the administration of more than $35.2 billion of total client assets.
Since 1906, Commerce Trust has been a leading source of tailored asset management, creative private banking and comprehensive trust services for individuals, families, corporate executives, and business owners. In addition, Commerce Trust serves a variety of institutional clients with customized investment programs as well as sole-source solutions for all of their financial needs. The Commerce Trust Company is a division of Commerce Bank.
About Commerce Bank
Commerce Bank, is a subsidiary of Commerce Bancshares, Inc. (NASDAQ: CBSH), a $23.1 billion regional bank holding company as of December 31, 2013. For almost 150 years, Commerce Bank has been meeting the financial services needs of individuals and businesses. Commerce Bank provides a diversified line of financial services, including business and personal banking, wealth management, financial planning, and investments through its affiliated companies. Commerce Bank operates in more than 360 retail locations in the Central United States and has a nationwide presence in the commercial payments industry. Commerce Bancshares also has operating subsidiaries involved in mortgage banking, leasing, credit-related insurance, private equity and real estate activities.
For additional information, please visit www.commercebank.com.
Goldman, Sachs and Co. is the distributor of The Commerce Funds.
124125.MF.MED.OTU. Date of first use: 3.21.2014