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        <name>Clay Jackson &amp; Platte County Consolidated Public Library District No 3</name>
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        <name>City of Florissant MO</name>
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        <name>Fort Zumwalt School District</name>
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      <invstOrSec>
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          <isin value="US352882CS12"/>
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        <curCd>USD</curCd>
        <valUSD>1129485.80000000</valUSD>
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          <maturityDt>2036-12-01</maturityDt>
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          <isin value="US352882CT94"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Great Rivers Greenway Metropolitan Park &amp; Recreation District Sales Tax</name>
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          <isin value="US39121FCB22"/>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-12-30</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Greene MO</name>
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          <isin value="US39448PCE07"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Willard R-II School District</name>
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          <isin value="US394514HB22"/>
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        <name>Hannibal Industrial Development Authority</name>
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        <name>Independence School District/MO</name>
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        <name>Hickman Mills C-1 School District/MO</name>
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        <name>Hickman Mills C-1 School District/MO</name>
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        <name>Hickman Mills C-1 School District/MO</name>
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        <name>Nixa Public Schools</name>
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        <name>North Dakota Housing Finance Agency</name>
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        <name>North Jefferson County Ambulance District</name>
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          <isin value="US66015FAF71"/>
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          <maturityDt>2040-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>North Kansas City School District No 74</name>
        <lei>N/A</lei>
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          <maturityDt>2039-03-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>O'Fallon Fire Protection District</name>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>O'Fallon Fire Protection District</name>
        <lei>N/A</lei>
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        <name>O'Fallon Fire Protection District</name>
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      <invstOrSec>
        <name>Orchard Farm R-V School District/MO</name>
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        <name>Ozark Reorg School District No R-6/MO</name>
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          <isin value="US692634GG79"/>
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        <name>Ozark Reorg School District No R-6/MO</name>
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        <name>Special Care Facilities Financing Authority of the City of Pell City Alabama</name>
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        <name>Platte County R-III School District</name>
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        <name>St Louis Land Clearance for Redevelopment Authority</name>
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          <isin value="US791652JC51"/>
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        <name>St Louis Municipal Finance Corp</name>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Shelbyville Redevelopment Authority</name>
        <lei>N/A</lei>
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          <isin value="US82222NBU28"/>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <name>Southeast Missouri State University</name>
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          <isin value="US841438ML59"/>
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      <invstOrSec>
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          <isin value="US841438MN16"/>
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          <maturityDt>2037-04-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Southern Boone County Reorganized School District No R-1/MO</name>
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          <isin value="US842392FE75"/>
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        <name>Southern Platte Fire Protection District/MO</name>
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        <name>Strafford Fire Protection District</name>
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        <name>Taney County Public Water Supply District No 3</name>
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        <name>University City Municipal Library District</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>City of Wentzville MO</name>
        <lei>N/A</lei>
        <title>WENTZVILLE MO COPS</title>
        <cusip>950734EB5</cusip>
        <identifiers>
          <isin value="US950734EB51"/>
        </identifiers>
        <balance>320000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>358398.14000000</valUSD>
        <pctVal>0.152732377505</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>City of Wentzville MO</name>
        <lei>N/A</lei>
        <title>WENTZVILLE MO COPS</title>
        <cusip>950734ED1</cusip>
        <identifiers>
          <isin value="US950734ED18"/>
        </identifiers>
        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>607797.06000000</valUSD>
        <pctVal>0.259014430194</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>St Charles County School District No R-IV Wentzville</name>
        <lei>N/A</lei>
        <title>WENTZVILLE R-IV SCH DIST MO LEASE COPS</title>
        <cusip>95073BDG9</cusip>
        <identifiers>
          <isin value="US95073BDG95"/>
        </identifiers>
        <balance>1800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1800969.48000000</valUSD>
        <pctVal>0.767488219931</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>St Charles County School District No R-IV Wentzville</name>
        <lei>N/A</lei>
        <title>WENTZVILLE R-IV SCH DIST MO LEASE COPS</title>
        <cusip>95073BDH7</cusip>
        <identifiers>
          <isin value="US95073BDH78"/>
        </identifiers>
        <balance>1800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1800904.50000000</valUSD>
        <pctVal>0.767460528521</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Whitestown Redevelopment Authority</name>
        <lei>N/A</lei>
        <title>WHITESTOWN IN REDEV AUTH LEASE RENTAL REVENUE</title>
        <cusip>966100ED7</cusip>
        <identifiers>
          <isin value="US966100ED77"/>
        </identifiers>
        <balance>1575000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1596870.77000000</valUSD>
        <pctVal>0.680510979413</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Woodford Lasalle Livingston Etc Counties Community Unit Sch Dist No 6 Fieldcrest</name>
        <lei>N/A</lei>
        <title>WOODFORD LASALLE LIVINGSTON ETC CNTYS IL CMNTY UNIT SCH DIST</title>
        <cusip>979412BV4</cusip>
        <identifiers>
          <isin value="US979412BV41"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>515551.30000000</valUSD>
        <pctVal>0.219703639575</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Woodford Lasalle Livingston Etc Counties Community Unit Sch Dist No 6 Fieldcrest</name>
        <lei>N/A</lei>
        <title>WOODFORD LASALLE LIVINGSTON ETC CNTYS IL CMNTY UNIT SCH DIST</title>
        <cusip>979412BW2</cusip>
        <identifiers>
          <isin value="US979412BW24"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>513778.15000000</valUSD>
        <pctVal>0.218948006705</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>City of Wright City MO</name>
        <lei>N/A</lei>
        <title>WRIGHT CITY MO</title>
        <cusip>982250BE1</cusip>
        <identifiers>
          <isin value="US982250BE17"/>
        </identifiers>
        <balance>415000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>430000.63000000</valUSD>
        <pctVal>0.183245980430</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>City of Wright City MO</name>
        <lei>N/A</lei>
        <title>WRIGHT CITY MO</title>
        <cusip>982250BF8</cusip>
        <identifiers>
          <isin value="US982250BF81"/>
        </identifiers>
        <balance>435000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>449052.15000000</valUSD>
        <pctVal>0.191364839375</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>City of Wright City MO</name>
        <lei>N/A</lei>
        <title>WRIGHT CITY MO</title>
        <cusip>982250BG6</cusip>
        <identifiers>
          <isin value="US982250BG64"/>
        </identifiers>
        <balance>455000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>466909.67000000</valUSD>
        <pctVal>0.198974871854</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>City of Wright City MO</name>
        <lei>N/A</lei>
        <title>WRIGHT CITY MO</title>
        <cusip>982250BJ0</cusip>
        <identifiers>
          <isin value="US982250BJ04"/>
        </identifiers>
        <balance>495000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>500527.07000000</valUSD>
        <pctVal>0.213301021615</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wright City R-II School District</name>
        <lei>N/A</lei>
        <title>WRIGHT CITY MO SCH DIST #R-2</title>
        <cusip>982260HS3</cusip>
        <identifiers>
          <isin value="US982260HS39"/>
        </identifiers>
        <balance>1055000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1259583.28000000</valUSD>
        <pctVal>0.536774964905</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-02-13</ncom:dateSigned>
      <ncom:nameOfApplicant>COMMERCE FUNDS</ncom:nameOfApplicant>
      <ncom:signature>Bill Schuetter</ncom:signature>
      <ncom:signerName>Bill Schuetter</ncom:signerName>
      <ncom:title>President</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
