Commonwealth Australia/New Zealand Fund
CNZLX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 791 Town & Country Blvd. Houston TX United States of America 77024
- IPO Date
- Jun 11, 1996
- CIK
- 0000793601
- Website
- commonwealthfunds.com
- Similar Companies
- Business
- Commonwealth Australia/New Zealand Fund (CNZLX) is an open-end mutual fund that seeks long-term capital appreciation and current income by investing at least 80% of its net assets in equity securities, debt securities, and depositary receipts (including American Depositary Receipts, Global Depositary Receipts, and European Depositary Receipts) of Australian and New Zealand issuers economically tied to those countries; it may also invest in shares of other investment companies, including open-end funds, closed-end funds, and exchange-traded funds, as well as enter into derivative transactions. The fund's portfolio emphasizes mid-cap blend stocks across sectors such as transportation (e.g., South Port New Zealand Ltd at 12.7%, Mainfreight Ltd at 5.3%), infrastructure (e.g., Infratil Ltd at 8.1%), waste management (e.g., Freightways Ltd at 6.0%), industrials (e.g., Brambles Ltd at 5.5%), rare earths (e.g., Lynas Rare Earths ADR at 4.0%), telecommunications (e.g., Telstra Group Ltd at 3.7%), healthcare (e.g., CSL Ltd, Sonic Healthcare Ltd), insurance (e.g., QBE Insurance Group Ltd, Tower Ltd), ports (e.g., Port of Tauranga Ltd), and energy (e.g., APA Group, Woodside Energy Group), with approximately 95.87% allocated to non-U.S. stocks as of late 2025. It targets investors seeking exposure to the stable, export-driven economies of Australia and New Zealand, which feature strong democratic governments, rule of law, business-friendly platforms, and sectors like metals, minerals, agriculture, technology, tourism, healthcare, and education serving the Pacific Rim. Launched in 1991 as the Capstone New Zealand Fund and reorganized under the Commonwealth International Series Trust in 2000 alongside the Japan Fund (previously part of the Capstone International Series Trust), the fund operates from Houston, Texas, with portfolio management led by Robert W. Scharar, President of Commonwealth Funds and Founder/CEO of FCA Corp since 1975. The Trust, domiciled in the United States, has expanded to include the Africa Fund (2011), Global Fund (2002), and Real Estate Securities Fund (2003), reflecting a focus on emerging and international markets. Recent developments include year-end 2024 distributions paid on December 16, 2024, comprising $0.1172 per share in ordinary investment income and $0.0333 per share in long-term capital gains (ex-dividend and reinvest date December 16, 2024), alongside ongoing portfolio adjustments as of September 30, 2025, with top holdings like South Port New Zealand Ltd increasing to 12.7% amid active management. The fund maintains a minimum initial investment of $200 with no minimum for additional investments and a maximum 2.00% redemption fee, available primarily to U.S. investors through platforms like Fidelity and Schwab. No major acquisitions, funding rounds, partnerships, or strategic shifts for the fund itself have been reported in the last 1-2 years, with emphasis placed on fundamental analysis through relationships with business and government leaders in Australia and New Zealand.