The Commonwealth Funds philosophy is derived from a persistent drive to research, select and invest for the long-term in quality companies with strong fundamentals and attractive valuations.

The Commonwealth Funds are managed with integrity and professionalism to pursue optimal performance. The assessment and analysis of economies, markets, sectors and securities allow management to define clear objectives and investment strategies for each Fund.

Robert W. Scharar
Mr. Scharar is the Senior Portfolio Manager of Commonwealth's Australia/New Zealand, Japan, Global and Real Estate Securities Funds. Mr. Scharar is President and Director of FCA Corp, based in Houston, Texas, and has primarily worked in this capacity during the past several years.

Mr. Scharar earned a Masters of Business Administration and a Juris Doctorate from Northeastern University, a LLM (masters of law) in Taxation from Boston University, and a Bachelor of Science Business Administration in Accounting from the University of Florida. Previously, he has served as an accounting professor at Bentley and Nichols Colleges.

Mr. Scharar is a member of the Florida and Massachusetts Bars; and is a Certified Public Accountant (Florida). Mr. Scharar is a Director and past President of the American Association of Attorney-CPAs. He is a Director of Blantyre Hotels Corp., NICO Holdings Corp., and a Manager/Director and/or Officer of Vintech Investors LLC, Africap LLC, FCA Investments Co., First Commonwealth Holdings Corp., First Commonwealth Mortgage Trust, Holly Mortgage Trust, Ivy Realty Trust, Scottsdale Canal Project LLC, Heights of Tampa, LLC, and other closely held FCA advised entities and non-FCA related entities.

Wes Yuhnke
Mr. Yuhnke is an Assistant Portfolio Manager for Commonwealth's Australia/New Zealand, Japan, Global and Real Estate Securities Funds. Mr. Yuhnke joined FCA Corp in May 2002 and was appointed Assistant Portfolio Manager in August 2002.

Prior to joing FCA Corp, he attended Stephen F. Austin State University where he received his Bachelor of Business Administration in Finance. Mr. Yuhnke earned his Masters of Business Administration from Texas Tech University. He currently serves in a dual capacity as an Assistant Portfolio Manager to the Commonwealth Funds and Chief Investment Officer of FCA Corp.

Carlos Rubio
Mr. Rubio is an Assistant Portfolio Manager for Commonwealth's Australia/New Zealand, Japan, Global and Real Estate Securities Funds. Mr. Rubio joined FCA Corp in June 2004 and was appointed Assistant Portfolio Manager in August 2004.

Prior to joining FCA Corp, Mr. Rubio served as an Analyst and Senior Portfolio Manager for the Cougar Fund from August of 2003 until December of 2004. From 1992 to June of 2004, Mr. Rubio was employed as an Account Manager and Business Office Manager at Trinity Instruments. Mr. Rubio received a Masters of Science in Finance from the University of Houston and a Bachelor of Science in Finance from the University of Houston - CL. While completing his MS, he attained a Certificate in Financial Services Management. He currently serves in a dual capacity as an Assistant Portfolio Manager to the Commonwealth Funds and Investment Associate at FCA Corp.

Ronald Manning
Mr. Manning is an Assistant Portfolio Manager for Commonwealth's Australia/New Zealand, Japan, Global and Real Estate Securities Funds. Mr. Manning joined FCA Corp in February 2007. Mr. Manning earned a Bachelor of Arts degree in Policy Studies at Rice University and Masters of Science in Finance at Texas Tech University. He currently serves as an Assistant Portfolio Manager for the Commonwealth International Series Trust Funds. From 2003 to 2006, Mr. Manning was employed as educational instructor in the Katy Independent School District.