Commerce Investment Advisors Launches Asset Allocation Fund; New Fund Represents a Diversified Investment That Seeks Capital Appreciation and Current Income.Business Editors KANSAS CITY--(BUSINESS WIRE)--Sept. 30, 2002 Commerce Investment Advisors Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and , Inc. today announced the launch of the Commerce Asset Allocation Fund asset allocation fund An investment company that varies the proportion of its portfolio devoted to stocks, bonds, and money market securities in order to reduce the variability of returns and to take better advantage of different segments of the securities , which became available for investment on September 27, 2002. The Commerce Asset Allocation Fund seeks total return through capital appreciation and current income. The Fund intends to keep a balanced mix of equity and fixed-income investments by purchasing shares of other mutual funds. In an effort to keep the total expense ratio at or below the Fund's peer group average, Commerce Investment Advisors has contractually agreed to waive To intentionally or voluntarily relinquish a known right or engage in conduct warranting an inference that a right has been surrendered. For example, an individual is said to waive the right to bring a tort action when he or she renounces the remedy provided by law for such all of its management fee at least until October 31, 2003. The Commerce Asset Allocation Fund expects to be diversified among several styles of equity funds, including large cap growth; large cap value; mid cap growth; mid cap value; and international; and will include bond funds. Under normal conditions
The Investment Policy Team, a group of senior-level investment professionals who average 21 years of experience, manages the Asset Allocation Fund. With no individual stocks or bonds to buy, the Investment Policy Team is dedicated to making sure the Fund is consistently balanced to an appropriate asset mix. "It's no secret that asset allocation Asset Allocation The process of dividing a portfolio among major asset categories such as bonds, stocks or cash. The purpose of asset allocation is to reduce risk by diversifying the portfolio. is a key to investment success and we believe this investment option will provide our on-the-go customers with a simple, easy-to-use approach for achieving investment diversification," said Larry Franklin Lawrence Anthony Franklin is a U.S. Air Force Reserve colonel who has pleaded guilty to passing information about U.S. policy towards Iran to the American Israel Public Affairs Committee (AIPAC), the foremost pro-Israel lobbying organization in the U. , president of Commerce Investment Advisors. "The Commerce Asset Allocation Fund can be described as a `fund-of-funds' that seeks greater diversification by investing in a few high-quality mutual funds, primarily Commerce Funds. Additionally, we believe the team-oriented management structure for the fund will allow us to tap into the vast investment management experience of our Investment Policy Team and produce positive results for our investors." About The Commerce Funds The Commerce Funds is a family of twelve mutual funds, covering a range of investment objectives from current income and capital preservation to capital appreciation. The Commerce Funds offers both Institutional and Service Shares, which are subject to different fees and expenses (which affect performance), have different minimum investment requirements and are entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: to different services. For more information, including a prospectus that contains complete information about fees, risks and expenses, please visit our Web site at www.commercefunds.com or call 800-995-6365. Please read the prospectus carefully before investing or sending money. Distributor: Goldman, Sachs & Co., 85 Broad Street, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , New York, 10004. About Commerce Investment Advisors, Inc. Commerce Investment Advisors, Inc. is a subsidiary of Commerce Bank, N.A. Commerce Investment Advisors and its affiliates have provided investment management services to The Commerce Funds since 1994. For nearly 100 years, Commerce has been helping individual and institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. preserve and build wealth. As of June 30, 2002, Commerce Investment Advisors and its affiliates had more than $ 10 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. . For additional information, please visit www.commercefunds.com or email commercefunds@commercebank.com. NOT FDIC-INSURED May Lose Value No Bank Guarantee |
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