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 31 years of experience.
Risk/Return
LOW - - - - - • - HIGH
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
| Total Fund Assets as of 12/31/2018 | $115,980,456 |
|---|---|
| Net Asset Value1 | $29.32 |
| Asset Allocation | |
| Equities | 99.1% |
| Cash | 0.9% |
| Weighted Average Market Capitalization | 205.8 Billion |
Holdings
Top Ten Equity Holdings2 as of 12/31/2018
| Apple Inc | 5.2% |
|---|---|
| Microsoft Corporation | 5.1% |
| Alphabet Inc, Class A | 4.5% |
| Amazon.com, Inc | 4.2% |
| Facebook, Inc | 2.2% |
| Visa Inc. | 1.7% |
| UnitedHealth Group Inc. | 1.6% |
| Home Depot, Inc | 1.4% |
| Dollar General Corporation | 1.3% |
| Dollar General Corporation | 1.3% |
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.
Portfolio Holdings
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.
A prospectus for the Commerce Funds containing more complete information may be obtained by calling 1-800-995-6365 or by downloading it from this website. 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.
The mutual funds referred to in this Web site are offered and sold only to persons residing in the United States and are offered by prospectus only. The prospectus contains more complete information about the funds, including charges and expenses, and should be read carefully before investing.
Stock selection contributed to the Fund’s positive relative performance. The strongest stocks were Starbucks Corporation (1.22%), McDonald’s Corporation (1.21%), and Yum Brands (1.28%), up 14%, 7%, and 1%, respectively. The Fund’s weakest stocks for the period were BWX Technologies (0.00%), Bio-Techne Corporation (0.96%), and FLIR Systems, Inc. (1.03%), down -31%, -29%, and -29%, respectively.
The Fund’s sector allocations also contributed to the Fund’s relative performance. The Fund’s 3% underweight to the Electronic Technology sector (down 25%) beneftted the Fund’s performance. However, the Fund’s 1.5% underweight to the REIT stocks in the Finance sector (down 10.5%), hurt the Fund’s performance.
During the quarter the Fund increased its position in the Finance sector from 7.1% to 9.9%, with the purchase of Charles Schwab Corp (1.02%) and CBOE Global Markets (1.00%), which eliminated the Fund’s underweight to the sector. The Fund decreased its position in the Electronic Technology sector from 14.9% to 12.4% through the sale of BWX Technologies (0.00%), and Cadence Design Systems (0.00%) increasing the Fund’s underweight