# EDGAR Filing Document

**Accession Number:** 0000926243
**File Stem:** 0002061590-25-000088
**Filing Date:** 2025-6
**Character Count:** 6532
**Document Hash:** cf2cbfcb3caa36acd3af04dfdad8ce46
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002061590-25-000088.hdr.sgml**: 20250611

**ACCESSION NUMBER**: 0002061590-25-000088

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250611

**DATE AS OF CHANGE**: 20250611

**EFFECTIVENESS DATE**: 20250611

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** COMMERCE FUNDS
- **CENTRAL INDEX KEY:** 0000926243

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-80966
- **FILM NUMBER:** 251039480

**BUSINESS ADDRESS:**
- **STREET 1:** 1000 WALNUT ST
- **CITY:** KANSAS CITY
- **STATE:** MO
- **ZIP:** 64121
- **BUSINESS PHONE:** 8006212550

**MAIL ADDRESS:**
- **STREET 1:** PO BOX 219525
- **CITY:** KANSAS CITY
- **STATE:** MO
- **ZIP:** 64121

## Series and Classes Contracts Data

### The Missouri Tax-Free Intermediate Bond Fund (Series ID: S000010023)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Shares     | CFMOX         | C000027715 |

---

### The Kansas Tax-Free Intermediate Bond Fund (Series ID: S000010024)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Shares     | KTXIX         | C000027717 |

---

### The Growth Fund (Series ID: S000010025)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Shares     | CFGRX         | C000027719 |

---

### The Value Fund (Series ID: S000010026)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Shares     | CFVLX         | C000027721 |

---

### The MidCap Growth Fund (Series ID: S000010027)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Shares     | CFAGX         | C000027723 |

---

### The Bond Fund (Series ID: S000010030)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Shares     | CFBNX         | C000027729 |

---

### The Short Term Government Fund (Series ID: S000010031)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Shares     | CFSTX         | C000027731 |

---

### The National Tax-Free Intermediate Bond Fund (Series ID: S000010032)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Shares     | CFNLX         | C000027733 |

---

### The MidCap Value Fund (Series ID: S000082913)

---

|  |  |
|:---|:---|
| Class Name | Class ID   |
| Shares     | C000246257 |

---

## Series and Classes Contracts Data

### The Missouri Tax-Free Intermediate Bond Fund (Series ID: S000010023)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000027715 | Shares       | CFMOX           |

### The Kansas Tax-Free Intermediate Bond Fund (Series ID: S000010024)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000027717 | Shares       | KTXIX           |

### The Growth Fund (Series ID: S000010025)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000027719 | Shares       | CFGRX           |

### The Value Fund (Series ID: S000010026)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000027721 | Shares       | CFVLX           |

### The MidCap Growth Fund (Series ID: S000010027)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000027723 | Shares       | CFAGX           |

### The Bond Fund (Series ID: S000010030)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000027729 | Shares       | CFBNX           |

### The Short Term Government Fund (Series ID: S000010031)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000027731 | Shares       | CFSTX           |

### The National Tax-Free Intermediate Bond Fund (Series ID: S000010032)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000027733 | Shares       | CFNLX           |

### The MidCap Value Fund (Series ID: S000082913)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000246257 | Shares       |  |

#### THE COMMERCE FUNDS

The Growth Fund

The Value Fund

The MidCap Growth Fund

The MidCap Value Fund

The Bond Fund

The Short-Term Government Fund

The National Tax-Free Intermediate Bond Fund

The Missouri Tax-Free Intermediate Bond Fund

The Kansas Tax-Free Intermediate Bond Fund

*Supplement dated June 11, 2025 to the*

*<u>Prospectus and Statement of Additional Information ("SAI"), each dated March 1, 2025</u>*

Effective immediately, the Prospectus and SAI are amended as follows:

<br> 1. *Matthew J. Schmitt, CFA, is no longer a portfolio manager of The Growth Fund, The Value Fund, The MidCap Growth Fund and The MidCap Value Fund. All references to Mr. Schmitt in the Prospectus and SAI are hereby deleted in their entirety.*

Effective immediately, the Prospectus is amended as follows:

1. *The first sentence in footnote 2 for each of The Growth Fund (page 2), The Value Fund (page 8), and The MidCap Value Fund (page 20) and footnote 1 for each of The Bond Fund (page 26), The Short-Term Government Fund (page 33), The National Tax-Free Intermediate Bond Fund (page 39), The Missouri Tax-Free Intermediate Bond Fund (page 46), and The Kansas Tax-Free Intermediate Bond Fund (page 53) is partially revised to state:*

Commerce Investment Advisors, Inc. ("Commerce" or the "Adviser") has contractually agreed to waive all or a portion of its investment advisory fees and/or reimburse expenses, excluding any acquired fund fees and expenses as calculated pursuant to Form N-1A, in amounts necessary so that after such waivers and/or reimbursements, the maximum Total Annual Fund Operating Expenses during the current fiscal year do not exceed . . ."

2. *The following replaces the corresponding lead-in sentence to the "Contractual Expense Limitation" table within the section titled "Service Providers – Investment Adviser and Co-Administrator: Commerce Investment Advisors, Inc. (The "Adviser")" on page 93:*

The Adviser has agreed to waive all or a portion of its investment advisory fees and/or reimburse expenses (the "Expense Limitation"), excluding any acquired fund fees and expenses as calculated pursuant to Form N-1A, in amounts necessary so that after such waivers and/or reimbursements, the maximum total annual fund operating expenses do not exceed the amounts shown below for the following Funds:

#### This Supplement should be retained for future reference.