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      <invstOrSec>
        <name>Jefferson County Unified School District No 343 Perry</name>
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        <name>Kansas Development Finance Authority</name>
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      <invstOrSec>
        <name>City of Topeka KS Combined Utility Revenue</name>
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        <name>County of Shawnee KS</name>
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          <maturityDt>2030-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Sabine-Neches Navigation District</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-02-15</maturityDt>
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        <name>State of Kansas Department of Transportation</name>
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      <invstOrSec>
        <name>Missouri Development Finance Board</name>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>Kansas Development Finance Authority</name>
        <lei>549300WTL7BL8KBDPR87</lei>
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          <isin value="US48542REG56"/>
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      <invstOrSec>
        <name>Atchison County Unified School District No 409</name>
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          <isin value="US046627GF60"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2036-09-01</maturityDt>
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      <invstOrSec>
        <name>Marion County Unified School District No 410 Durham Etc</name>
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        <name>Blue Valley Recreation Commission</name>
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          <isin value="US096079HD36"/>
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        <name>Harvey County Unified School District 440 Halstead-Bentley</name>
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        <name>City of Lawrence KS</name>
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        <name>Arkansas City Public Building Commission</name>
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        <name>Wyandotte County Unified School District No 203 Piper</name>
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      <invstOrSec>
        <name>University of Kansas Hospital Authority</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Blue Valley Recreation Commission</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Chisholm Creek Utility Authority</name>
        <lei>N/A</lei>
        <title>CHISHOLM CREEK KS UTILITY AUTH WTR &amp; WSTWTR FACS REVENUE</title>
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        <name>Carmel Local Public Improvement Bond Bank</name>
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        <name>Lake County Community Consolidated School District No 73 Hawthorn</name>
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        <name>Special Care Facilities Financing Authority of the City of Pell City Alabama</name>
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        <name>Butler County Unified School District No 385 Andover</name>
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        <name>Marion County Unified School District No 410 Durham Etc</name>
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        <name>University of Kansas Hospital Authority</name>
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        <name>Miami County Unified School District No 416 Louisburg</name>
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        <name>Arkansas City Public Building Commission</name>
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        <name>Sabine-Neches Navigation District</name>
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        <name>Dickinson County Unified School District No 435 Abilene</name>
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        <lei>N/A</lei>
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      <invstOrSec>
        <name>Chisholm Creek Utility Authority</name>
        <lei>N/A</lei>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <name>Sedgwick County Unified School District No 261 Haysville</name>
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        <name>Blue Valley Recreation Commission</name>
        <lei>N/A</lei>
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          <isin value="US096079FL79"/>
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      <invstOrSec>
        <name>Harvey County Unified School District No 373 Newton</name>
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      <invstOrSec>
        <name>County of Shawnee KS</name>
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        <invCountry>US</invCountry>
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        <name>City of Wichita KS Water &amp; Sewer Utility Revenue</name>
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          <isin value="US967338XB52"/>
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        <name>County of Osage KS</name>
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        <name>State of Kansas Department of Transportation</name>
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        <fairValLevel>2</fairValLevel>
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        <name>University of Kansas Hospital Authority</name>
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        <name>Wyandotte County-Kansas City Unified Government Utility System Revenue</name>
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        <name>Miami County Unified School District No 416 Louisburg</name>
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        <name>Leavenworth County Unified School District No 453</name>
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        <name>Abilene Public Building Commission</name>
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        <name>County of Shawnee KS</name>
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        <name>Arlington Higher Education Finance Corp</name>
        <lei>N/A</lei>
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        <name>Washburn University/Topeka KS</name>
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      <invstOrSec>
        <name>City of Bel Aire KS</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-12-01</maturityDt>
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      <invstOrSec>
        <name>Finney County Unified School District No 457 Garden City</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Jefferson County Unified School District No 343 Perry</name>
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      <invstOrSec>
        <name>Frankfort Redevelopment Authority</name>
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          <isin value="US352207AV66"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2038-08-01</maturityDt>
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      <invstOrSec>
        <name>City of Andover KS</name>
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          <maturityDt>2041-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Independence KS</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Elyria OH</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Jefferson County Unified School District No 343 Perry</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Dickson County Public Building Commission</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Shawnee KS</name>
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        <name>Johnson &amp; Miami Counties Unified School District No 230 Spring Hills</name>
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        <name>City of Wichita KS</name>
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        <name>Shawnee County Unified School District No 437 Auburn - Washburn</name>
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        <name>Marion County Unified School District No 410 Durham Etc</name>
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        <name>Douglas County Unified School District No 491 Eudora</name>
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        <name>Jefferson County Unified School District No 343 Perry</name>
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        <name>Kansas Development Finance Authority</name>
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      <invstOrSec>
        <name>Shawnee County Unified School District No 437 Auburn - Washburn</name>
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      <invstOrSec>
        <name>Johnson County Unified School District No 512 Shawnee Mission</name>
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      <invstOrSec>
        <name>Arkansas City Public Building Commission</name>
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          <isin value="US040821AX87"/>
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      <invstOrSec>
        <name>Minneola Unified School District No 219</name>
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      <invstOrSec>
        <name>Abilene Public Building Commission</name>
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        <name>City of Wichita KS</name>
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          <maturityDt>2035-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Douglas County Unified School District No 348 Baldwin City</name>
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      <invstOrSec>
        <name>Dickson County Public Building Commission</name>
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      <invstOrSec>
        <name>Geary County Public Building Commission</name>
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      <invstOrSec>
        <name>Harvey County Unified School District No 373 Newton</name>
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        <name>City Of Martinsville Indiana Government Facility Building Corp</name>
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        <name>State of Kansas Department of Transportation</name>
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        <name>Miami County Unified School District No 416 Louisburg</name>
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        <name>Wyandotte County-Kansas City Unified Government Utility System Revenue</name>
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        <name>City of Lawrence KS</name>
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        <name>Milledgeville &amp; Baldwin County Development Authority</name>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wabaunsee County Unified School District No 330 Mission Valley</name>
        <lei>N/A</lei>
        <title>WABAUNSEE CNTY KS UNIF SCH DIST #330</title>
        <cusip>92972MCD2</cusip>
        <identifiers>
          <isin value="US92972MCD20"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1064701.30000000</valUSD>
        <pctVal>0.976703529005</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</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>State Street Institutional US Government Money Market Fund</name>
        <lei>549300BZ5TGIFZUZDZ37</lei>
        <title>State Street Institutional US Government Money Market Fund</title>
        <cusip>857492706</cusip>
        <identifiers>
          <isin value="US8574927062"/>
        </identifiers>
        <balance>303577.67000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>303577.67000000</valUSD>
        <pctVal>0.278486916110</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nemaha County Unified School District No 115</name>
        <lei>N/A</lei>
        <title>NEMAHA CNTY KS UNIF SCH DIST #115</title>
        <cusip>64043RBC8</cusip>
        <identifiers>
          <isin value="US64043RBC88"/>
        </identifiers>
        <balance>750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>773425.35000000</valUSD>
        <pctVal>0.709501593326</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-09-01</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>Johnson County Unified School District No 512 Shawnee Mission</name>
        <lei>N/A</lei>
        <title>JOHNSON CNTY KS UNIF SCH DIST#512 SHAWNEE MISSION</title>
        <cusip>478740XA6</cusip>
        <identifiers>
          <isin value="US478740XA61"/>
        </identifiers>
        <balance>785000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>836910.56000000</valUSD>
        <pctVal>0.767739738284</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-10-01</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>Johnson &amp; Miami Counties Unified School District No 230 Spring Hills</name>
        <lei>N/A</lei>
        <title>JOHNSON &amp; MIAMI CNTYS KS UNIF SCH DIST #230</title>
        <cusip>478164GV2</cusip>
        <identifiers>
          <isin value="US478164GV23"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1025220.70000000</valUSD>
        <pctVal>0.940486008328</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-01</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>Northwestern School Building Corp</name>
        <lei>N/A</lei>
        <title>N WSTRN IN SCH BLDG CORP</title>
        <cusip>668265EK3</cusip>
        <identifiers>
          <isin value="US668265EK30"/>
        </identifiers>
        <balance>550000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>617752.19000000</valUSD>
        <pctVal>0.566694850493</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-15</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>
      <invstOrSec>
        <name>Butler County Unified School District No 385 Andover</name>
        <lei>N/A</lei>
        <title>BUTLER CNTY KS UNIF SCH DIST #385 ANDOVER</title>
        <cusip>12343ECS7</cusip>
        <identifiers>
          <isin value="US12343ECS72"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>502960.70000000</valUSD>
        <pctVal>0.461390899626</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-01</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>Chisholm Creek Utility Authority</name>
        <lei>N/A</lei>
        <title>CHISHOLM CREEK KS UTILITY AUTH WTR &amp; WSTWTR FACS REVENUE</title>
        <cusip>170123DZ3</cusip>
        <identifiers>
          <isin value="US170123DZ33"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1088537.20000000</valUSD>
        <pctVal>0.998569387201</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-09-01</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>Lyon County Unified School District No 253 Emporia</name>
        <lei>N/A</lei>
        <title>LYON CNTY KS UNIF SCH DIST #253 EMPORIA</title>
        <cusip>551845GQ7</cusip>
        <identifiers>
          <isin value="US551845GQ70"/>
        </identifiers>
        <balance>1050000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1057975.91000000</valUSD>
        <pctVal>0.970533993805</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-01</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 Martinsville Indiana Government Facility Building Corp</name>
        <lei>N/A</lei>
        <title>MARTINSVILLE IN GOVT FAC BLDG CORP LEASE RENTAL REVENUE</title>
        <cusip>57369RDK8</cusip>
        <identifiers>
          <isin value="US57369RDK86"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>531569.30000000</valUSD>
        <pctVal>0.487634993233</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</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>2025-05-16</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>
</edgarSubmission>
