The MidCap Value Fund
Data updated: 2026-09-24
C000246257 — The MidCap Value Fund. United States Mid Cap Value Equity · $40.49M AUM · 0.71% expense ratio. Holdings, fees, performance and SEC filings.
C000246257 Fund Overview
The MidCap Value Fund is a US mutual fund managed by Commerce Funds, categorised as United States Mid Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Commerce Funds
- Category: United States Mid Cap Value Equity
- Assets under management: $40.49M
- 1-year return: 26.5%
- SEC CIK: 0000926243
- SEC series ID: S000082913
- Share class ID: C000246257
C000246257 Investment Objective and Strategy
The MidCap Value Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Commerce Funds.
Investment objective
The investment objective of the Fund is to seek capital appreciation,
Principal investment 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 Value Index (Index) at the time of investment. If the market capitalization of a company held by the Fund moves outside this, 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 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 stocks within the Index universe that have an above average dividend yield.
As part of the quantitative analysis, the Adviser ranks the dividend-paying stocks within the Index universe according to their level of dividend yields from low to high among five quintiles in their respective sectors. The Adviser principally selects stocks from among the top three dividend-yield quintiles for inclusion in the Funds portfolio. The Fund seeks a higher return than the Index over time through a combination of capital appreciation and dividend income. The Fund utilizes a diversified portfolio with value characteristics (low price/book and price/earnings ratios) to achieve capital appreciation and current income. The Fund may invest a significant amount of its assets from time to time in the financials sector. The Fund will provide shareholders with at least 60 days notice before changing its 80% investment policy.
C000246257 Holdings
Top 10 holdings of The MidCap Value Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| iShares Russell Mid-Cap Value ETF | 2.97% |
| HF Sinclair Corp | 1.49% |
| Marathon Petroleum Corp | 1.40% |
| SS&C Technologies Holdings Inc | 1.39% |
| Valero Energy Corp | 1.38% |
| NetApp Inc | 1.37% |
| Steel Dynamics Inc | 1.35% |
| CME Group Inc | 1.34% |
| VeriSign Inc | 1.33% |
| PACCAR Inc | 1.31% |
C000246257 Portfolio Allocation
Asset-class allocation of The MidCap Value Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 100.1% |
C000246257 Performance
Total returns for C000246257 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 12.8% |
| 1 year | 26.5% |
| 3 years (annualised) | 18.3% |
C000246257 Risk Information
Risk metrics for C000246257, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 11.8%
C000246257 Costs and Fees
C000246257 costs about $71 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.71%
- Gross expense ratio: 1.00%
- Portfolio turnover: 55%
- Brokerage commissions: 5.35 bps of average net assets (SEC N-CEN)
C000246257 Cashflows
Over the 12 months to 2026-04, The MidCap Value Fund had net outflows of $3.59M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | $5.00K |
| 2026-03 | −$72.40K |
| 2026-02 | $1.39M |
| 2026-01 | −$273.01K |
| 2025-12 | −$2.50M |
| 2025-11 | −$270.79K |
C000246257 Debt Constituents
No individual debt constituents are reported in The MidCap Value Fund's latest SEC N-PORT filing.
C000246257 Prospectus and SEC Filings
Official The MidCap Value Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-02-24
- Prospectus supplement (497) — filed 2026-07-31
- Prospectus supplement (497) — filed 2026-05-27
- Portfolio holdings (N-PORT) — filed 2026-09-24
- Portfolio holdings (N-PORT) — filed 2026-06-22
- Portfolio holdings (N-PORT) — filed 2026-03-16
- Annual census (N-CEN) — filed 2025-01-03
- Annual census, amended (N-CEN/A) — filed 2026-01-15
Related Funds
Other United States Mid Cap Value Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.