The MidCap Growth Fund
COMMERCE FUNDS
Expense ratio
Net assets1
$129.29M
Holdings1
76
Category
US Equity
Return

Investment objective & strategy

As of Feb. 26, 2026 · prospectus

Objective. The investment objective of the Fund is to seek capital appreciation.

Strategy. Under normal market conditions, the Fund invests at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) in stocks, primarily common stocks, of mid-cap issuers. These issuers will have public stock market capitalizations within the range of the market capitalization of companies constituting the Russell Midcap Growth Index (Index) at the time of investment. If the market capitalization of a company held by the Fund moves outside this range, the Fund may, but is not required to, sell the securities. The equity capitalization range of public companies in the Index was $134.6 million to $88.9 billion as of December 31, 2025. The Fund may also invest up to 20% of its … Under normal market conditions, the Fund invests at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) in stocks, primarily common stocks, of mid-cap issuers. These issuers will have public stock market capitalizations within the range of the market capitalization of companies constituting the Russell Midcap Growth Index (Index) at the time of investment. If the market capitalization of a company held by the Fund moves outside this range, the Fund may, but is not required to, sell the securities. The equity capitalization range of public companies in the Index was $134.6 million to $88.9 billion as of December 31, 2025. The Fund may also invest up to 20% of its net assets in small-cap issuers. Using a predominately quantitative analysis, with some additional fundamental analysis depending on market conditions, the Fund invests principally in stock of companies that had low price volatility in the past. The Funds adviser believes that investing in a portfolio of companies with low price volatility will lead to future capital appreciation. The Fund may invest a significant amount of its assets from time to time in technology sectors. The Fund will provide shareholders with at least 60 days notice before changing its 80% investment policy.

Top holdings

As of April 30, 2026 · N-PORT
SecurityTickerValue% of fund
VERTIV HOLDINGS CO $5.13M 3.97%
ISHARES RUSSELL MID-CAP GROWTH ISHARES RUSSELL MID-CAP GROW IWP US $4.28M 3.31%
HOWMET AEROSPACE INC $3.90M 3.02%
QUANTA SVCS INC $3.24M 2.51%
MONOLITHIC POWER SYS INC $3.12M 2.42%
HILTON WORLDWIDE HOLDINGS INC $2.96M 2.29%
ROYAL CARIBBEAN CRUISES LTD $2.69M 2.08%
COMFORT SYSTEMS USA INC $2.59M 2.00%
CLOUDFLARE INC-A $2.44M 1.89%
VISTRA CORP $2.27M 1.75%
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Allocation by sector

As of April 30, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Jan 31, 2026 → Apr 30, 2026
Opened
7
Exited
10
Increased
15
Decreased
48
Unchanged
6

How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.

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Advisers

As of October 31, 2025 · N-CEN
FirmRole
Commerce Investment Advisors, Inc. Adviser

Footnotes

  1. Net assets and holdings count as of April 30, 2026, from the fund's N-PORT filing.

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