CFNLX — The National Tax-Free Intermediate Bond Fund
Data updated: 2026-06-22
CFNLX — The National Tax-Free Intermediate Bond Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Long Municipal - National Bond · $350.18M AUM · 0.57% expense ratio · 5.9% 1-yr return. From SEC regulatory filings.
CFNLX Fund Overview
CFNLX — The National Tax-Free Intermediate Bond Fund is a US mutual fund managed by Commerce Funds, categorised as Long Municipal - National Bond. 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: Long Municipal - National Bond
- Assets under management: $350.18M
- 1-year return: 5.9%
- Ticker: CFNLX
- SEC CIK: 0000926243
- SEC series ID: S000010032
- Share class ID: C000027733
CFNLX Holdings
Top 10 holdings of The National Tax-Free Intermediate Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Southeast Energy Authority A Cooperative District | 1.52% |
| Michigan Finance Authority | 1.44% |
| Arizona Health Facilities Authority | 1.43% |
| New York City Municipal Water Finance Authority | 1.43% |
| State Street Institutional US Government Money Market Fund | 1.36% |
| Dallas Fort Worth International Airport | 1.19% |
| Kentucky Public Energy Authority | 0.90% |
| Development Authority of Cobb County/The | 0.87% |
| New Jersey Higher Education Student Assistance Authority | 0.86% |
| Health & Educational Facilities Authority of the State of Missouri | 0.86% |
CFNLX Portfolio Allocation
Asset-class allocation of The National Tax-Free Intermediate Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 98.2% |
| Equity | 1.4% |
CFNLX Performance
Total returns for CFNLX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 0.6% |
| 1 year | 5.9% |
| 3 years (annualised) | 3.1% |
| 5 years (annualised) | 0.8% |
CFNLX Risk Information
Risk metrics for CFNLX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.7%
CFNLX Costs and Fees
CFNLX costs about $57 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.57%
- Gross expense ratio: 0.57%
- Portfolio turnover: 34%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
CFNLX Cashflows
Over the 12 months to 2026-04, The National Tax-Free Intermediate Bond Fund had net outflows of $8.32M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | $2.88M |
| 2026-03 | −$2.44M |
| 2026-02 | $349.99K |
| 2026-01 | $832.68K |
| 2025-12 | −$4.34M |
| 2025-11 | −$116.13K |
CFNLX Debt Constituents
Largest debt holdings of The National Tax-Free Intermediate Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Southeast Energy Authority A Cooperative District | 1.52% |
| Michigan Finance Authority | 1.44% |
| New York City Municipal Water Finance Authority | 1.43% |
| Arizona Health Facilities Authority | 1.43% |
| Dallas Fort Worth International Airport | 1.19% |
| Kentucky Public Energy Authority | 0.90% |
| Development Authority of Cobb County/The | 0.87% |
| New Jersey Higher Education Student Assistance Authority | 0.86% |
| Health & Educational Facilities Authority of the State of Missouri | 0.86% |
| Hillsborough County Industrial Development Authority | 0.86% |
CFNLX Prospectus and SEC Filings
Official The National Tax-Free Intermediate Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Long Municipal - National Bond 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.