| Journey

Take a new investment route.

Japan Fund

Ticker: CNJFX
Inception Date: 07/10/1989

Start Investing Today

Mutual Fund Overview: Invest in Japan

Made up of 6,852 islands with a population of over 100 million, Japan ranks as one of the world’s largest and most productive economies — and we believe it to be one of the best Asian countries to invest in. The country has a strong position in the world market being home to some of the most recognizable corporations from automobile manufacturers to electronics, making it an attractive investment target for mutual fund managers.

The Japan Fund managers believe Japanese companies are well positioned to benefit from any growth in the Asian region and believes exploring investment options by accessing these Asian markets through the well-established Japanese companies is an underutilized strategy by many investors.

As a Japanese investment fund, the managers review conventional financial company metrics in addition to these macro factors that could impact investment decisions:
• Government intervention and support of the economy
• Business access to export markets in the region
• Internal and external consumer demand

Commonwealth Funds is proud to be associated with the Japan Fund, established in 1989, providing shareholders the opportunity to bring it home.

Investment Objective

The Fund’s objective is to provide long-term appreciation and current income. The Fund invests primarily in equity securities including common stock, preferred stock and securities convertible into common stock. The Fund may hold the securities of Japanese issuers and debt securities denominated in Yen.

Fund Performance

Review the Japan Fund daily, monthly, and quarterly pricing and performance.

Fund Investment Holdings

Holdings as of 9/30/23

Asahi Intecc Co Ltd4.8%
Feder-Gt Obl-I 74.0%
Hoya Corp.3.8%
Unicharm Corporation3.6%
Kajima Corp.3.5%
Terumo Corporation3.3%
Orix Corp3.0%
T&D Holdings Inc2.8%
Dai-Ichi Life Insurance2.8%
Toyota Motor -Spon Adr2.7%
Daikin Industries Ltd2.6%
Hitachi Ltd2.6%
Hankyu Hanshin Holdings2.5%
Honda Motor-Adr2.3%
Nitori Co Ltd2.3%
Fast Retailing Co2.2%
Otsuka Corp2.1%
Yamae Group Holdings2.1%
Ines Corp1.9%
Meidensha Corp.1.9%
Yamato Holdings Co., Ltd.1.9%
Kansai Electric Pwr Co1.8%
Mitsubishi Gas Chemical1.8%
Sumitomo Realty & Develop1.8%
Aflac Inc1.7%
Sugi Holdings Co Ltd1.7%
Kirin Holdings Co Ltd1.7%
Sony Group Corp1.7%
Sompo Holdings Inc1.7%
Tobu Railway Co., Ltd1.6%
Kyushu Leaseing Service1.5%
Shin-Etsu Chemical1.5%
East Japan Railway1.4%
Jsr Corp.1.4%
Taihei Dengyo Kaisha, Ltd1.4%
Takada Corporation1.4%
Taiyo Yuden Co Ltd1.4%
Japanese Yen1.4%
Bridgestone Corp Adr1.3%
Fanuc Corp1.3%
Kao Corp1.3%
Denso Corp1.3%
Nidec Corp1.3%
Nippon Express Holdings1.3%
Daiichi Koutsu Sangyo Co.1.2%
Aeon Kyushu Co Ltd1.2%
Mitsui Fudosan Co., Ltd.1.1%
Kddi Corp1.0%
Keikyu Corp.0.9%
Murata Manufacturing0.9%

Portfolio holdings will change due to ongoing management of the Fund. Reference to specific securities or sectors should not be construed as recommendations by the Fund, the advisor, or the distributor.


Record date of December 15, 2022 the Ex-Dividend/Reinvestment and Payable Date of December 16, 2022.

Ordinary Investment Income Per Share:$0.0000
Short-Term Capital Gain Per Share:$0.0000
Long-Term Capital Gain Per Share:$0.0000


The minimum initial investment is $200 and there is no minimum for subsequent investments.


Learn about the principal risks of investing in the Japan Fund, which includes market, foreign security, and geographic risk.