Commerce KS Tax Free Interm Bd (Commerce Funds, Kansas Tax Free) fond

The fund normally invests at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) in Kansas municipal bonds, the income from which, in the opinion of bond counsel, is exempt from regular federal income taxes, federal alternative minimum taxes and Kansas taxes. It may invest up to 10% of its total assets in such unrated securities.