3 / 5 Stars
2 2 4 2 1
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#233 in Large Growth
U.S. News evaluated 465 Large Growth Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 20.87 percent over the past year, 12.09 percent over the past three years, 18.30 percent over the past five years, and 6.30 percent over the past decade.
|Trailing Returns||Updated 03.31.2014|
|Year to date||1.8%|
|3 Years (Annualized)||12.1%|
|5 Years (Annualized)||18.3%|
|10 Years (Annualized)||6.3%|
Commerce Growth's long-term numbers leave quite a bit to be desired.
As of April 22, 2014, the fund has assets totaling almost $99.63 million invested in 83 different holdings. Its portfolio consists primarily of shares of large companies.
Recently, this fund has hitched its fortunes to those of the hardware sector, which as of the end of January accounted for about a fifth of its stock portfolio. Notably, names like Apple, IBM, Hewlett-Packard, Intel, and Texas Instruments are prominent holdings. Last year, HP, which finished the year down more than 17 percent, was a major detractor from the fund's annual performance. The fund's healthcare names were also a disappointment in 2010, and management cut back on its position in the sector as a result of a perceived lack of clarity surrounding healthcare reform. Meanwhile, during the choppy market conditions that prevailed throughout 2010, the fund got some support from its consumer services holdings, including Panera Bread Company. The fund had a slow start to 2011, thanks in large part to poor performance by Microsoft and Cisco.The fund has returned 20.87 percent over the past year and 12.09 percent over the past three years.
Since 2003, this fund has finished in the bottom half of its Morningstar category in six separate years. Overall, its long-term numbers leave quite a bit to be desired. As of the end of the first quarter, its trailing 10-year returns lagged those of the S&P 500 by an average of 1 percentage point per year. The fund has returned 18.30 percent over the past five years and 6.30 percent over the past decade.
According to the fund's prospectus: "Using a combination of quantitative and fundamental analysis, the Fund invests principally in stocks of companies that show above-average growth in earnings. The Fund's Adviser believes that investing in companies with strong earnings growth will lead to future capital appreciation. The Fund may invest a significant amount of its assets from time to time in the technology sector."
Role in Portfolio
This fund could lend support to a well-balanced portfolio.
Joseph Williams manages the fund.
Commerce Growth Fund has an expense ratio of 1.07 percent.
Like all stock funds, this one comes with some risks.