ST. LOUIS--(BUSINESS WIRE)--
The Commerce Value FundTM (CFVLX) has been named to Charles
Schwab's ("Schwab®") Mutual Fund OneSource Select List for the first
quarter of 2014. The Mutual Fund OneSource Select List is a list of
no-load and no-transaction fee mutual funds that have passed rigorous
screening for performance, risk, and expenses by the Charles Schwab
Investment Advisory, Inc.
"We are excited and honored to have been added to the Schwab Mutual Fund
OneSource Select List. We appreciate the thorough and detailed selection
process at Schwab and look forward to the opportunity,” says Portfolio
Manager Matt Schmitt.
The Commerce Value Fund investment objective is to seek capital
appreciation, and secondarily, current income. Using a predominately
quantitative analysis, with some additional fundamental analysis
depending on market conditions, the Fund invests principally in stock of
companies that are selling below fair market value compared to their
future potential. The Fund seeks a higher return than the Russell 1000®
Value Index (“Index”) over time as the stocks it purchases rise in price
to more normal valuations. The Fund utilizes a diversified portfolio
with value characteristics (low price/book and price/earnings ratios) to
achieve capital appreciation and current income. As of December 31,
2013, the Commerce Value Fund's assets totaled $168.3 million.
More information on the Charles Schwab Mutual FundOneSource
Select List, as well as the full list of funds, can be found
on the Mutual Funds page of the Charles Schwab website under OneSource
Select List.
The OneSource Select List is provided for informational purposes and
should not be considered as an individualized recommendation. Schwab
produces the list quarterly to help investors navigate the vast number
of funds available through Schwab and identify funds that might be
appropriate for their portfolios.
The Fund is subject to market risk so that the value of the
securities in which it invests may go up or down in response to the
prospects of individual companies, particular industry sectors and/or
general economic conditions.
The Russell 1000 Value Index is an unmanaged market capitalization
weighted index of the 1,000 largest U.S. companies with lower
price-to-book ratios and lower forecasted growth values. The Index
figures do not reflect any deduction for fees, expenses or taxes. It is
not possible to invest directly in an unmanaged index.
A current Commerce Funds prospectus or additional information
regarding The Commerce Funds may be obtained by calling 1-800-995-6365,
visiting our website at: www.commercefunds.com,
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 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.
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.
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 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.
©2014 The Commerce Trust Company. All rights reserved. 120048.MF.MED.OTU
Commerce Bank
Maura Schnoebelen, 314-746-8567
Maura.schnoebelen@commercebank.com
or
Molly
Hyland, 314-746-3657
Molly.hyland@commercebank.com
Source: Commerce Bank