Category | Fund Name | Summary | Net Assets ($ M)* | YTD (%) |
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Frontier Markets | Commonwealth Africa Fund | 2.95 | 0 | |
The fund seeks capital appreciation in the long term and current income by investing in companies across any size outside the United States. The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. Next, the research team invests in the securities of, and depositary receipts (including American Depositary Receipts, Global Depositary Receipts, and European Depositary Receipts) represented by, African issuers that are tied economically to Africa. The team considers an issuer to be an African issuer and thus tied economically to Africa if the issuer is organized under the laws of a country in Africa or the securities of the issuer are listed on a stock exchange(s) in a country in Africa, regardless of the country in which the issuer is organized. Other factors in consideration would be if the issuer derives 50% or more of its total revenue from goods and/or services produced or sold in countries in Africa, or the securities are issued or guaranteed by government entities of African countries. Also, the fund invests primarily in debt and equity securities of African issuers. In selecting securities for the portfolio, the research team focuses on companies with capital appreciation, earnings growth potential, durable franchise value, and interest or dividend income. The team also considers the price of a security relative to historical and/or future cash flow, or relative to its peers. Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level. In addition, the manager favors investments in the sub-Saharan countries of Africa, although the fund may invest in securities of issuers located in any country in Africa. Additionally, the fund may invest in emerging market countries in Africa as well as frontier countries. The fund may invest in companies that focus on natural resources production, refining and development. |
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Multi-Cap-Core | Commonwealth Australia-New Zealand Fund | 18.61 | 0 | |
The fund seeks capital appreciation in the long term and current income by investing in companies across any size outside the United States. The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. The strategy invests in debt and equity securities of Australian/New Zealand issuers. The investment team considers an issuer to be an Australian or New Zealand issuer if it issues securities denominated in the local currency of either Australia or New Zealand. Next, the research team focuses on companies with the potential for capital appreciation and earnings growth, sustainable franchise value, interest or dividend income, and price of a security. Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level. The manager from time to time invests different percentages of its assets in Australia and New Zealand, depending on available investment opportunities and economic and market conditions. The fund may invest in companies that focus on natural resources production, refining and development. |
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Multi-Cap-Core | Commonwealth Global Fund | 18.91 | 0.1 | |
The fund seeks capital appreciation in the long term and current income by investing in companies across any size outside the United States. The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. Next, the research team invests in U.S. and foreign equity securities and in debt securities. The team prefers established companies in countries with developed economies. In selecting securities for the portfolio, the research team focuses on companies with capital appreciation and earnings growth potential, durable franchise value, and interest or dividend income. The team also considers the price of a security relative to its peers. Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level. Also, the fund invests at least 40% of its net assets in the securities of, and depositary receipts represented by, foreign issuers. The fund considers an issuer to be a foreign issuer if the issuer is organized under the laws of a jurisdiction other than those of the United States, or the securities of the issuer are listed on stock exchange outside the United States regardless of the country in which the issuer is organized. In addition, the team considers an issuer to be a foreign issuer if the issuer derives 50% or more of its total revenue from goods and/or services produced or sold outside of the United States, or the securities are issued or guaranteed by government entities other than the United States. The fund may invest in emerging market countries, and in securities denominated in any currency. In addition, the fund may invest in depositary receipts, including American Depositary Receipts, Global Depositary Receipts, and European Depositary Receipts. The fund may invest in companies that focus on natural resources production, refining and development. |
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Multi-Cap-Core | Commonwealth Japan Fund | 7.04 | -0.8 | |
The fund seeks capital appreciation in the long term and current income by investing in companies across any size outside the United States. The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. The strategy invests primarily in debt and equity securities of Japanese issuers. The investment team may also consider an issuer to be a Japanese issuer if it issues securities denominated in the Japanese Yen. Next, the research team focuses on companies with the potential for capital appreciation and earnings growth, sustainable franchise value, interest or dividend income, and price of a security. Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level. In addition, the fund may purchase American Depositary Receipts, European Depositary Receipts and Global Depositary Receipts. |
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Real Estate-NA | Commonwealth Real Estate Securities Fund | 13.38 | 0 | |
The fund seeks capital appreciation in the long term and current income by investing in companies across any size outside the United States. The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. Next, the research team invests in issuers in real estate and related industries. In selecting securities for the portfolio, the research team focuses on companies with capital appreciation and earnings growth potential, durable franchise value, and interest or dividend income. The team also considers the price of a security relative to its peers. Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level. The fund may invest in emerging market countries, and in securities denominated in any currency. Also, the fund invests in equity securities as well as in the debt securities of companies in real estate industries. In addition, the fund may invest in depositary receipts, including American Depositary Receipts, Global Depositary Receipts, and European Depositary Receipts. |
* Net Assets include for all classes