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Japan Fund

Ticker: CNJFX
Inception Date: 07/10/1989

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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 09/30/2021

SECURITY DESCRIPTION% OF TOTAL NET ASSETS
Asahi Intecc Co, Ltd.7.0%
Hoya Corporation5.3%
Terumo Corporation5.0%
Unicharm Corporation3.8%
Dai-Ichi Life Insurance3.4%
Feder-Gt Obl-I 73.4%
Orix Corporation3.2%
Daikin Industries, Ltd.3.1%
Shin-Etsu Chemical2.9%
Sugi Holdings Co, Ltd.2.6%
Yamato Holdings Co., Ltd.2.5%
Taiyo Yuden Co, Ltd.2.5%
Meidensha Corporation2.4%
Kajima Corporation2.3%
Otsuka Corporation2.2%
Hitachi, Ltd.2.1%
Fast Retailing Co2.1%
Sumitomo Realty & Develop2.1%
Makita Corporation2.0%
Hankyu Hanshin Holdings2.0%
T&D Holdings, Inc.1.9%
Fanuc Corporation1.9%
Kirin Holdings Co, Ltd.1.8%
Jsr Corporation1.5%
East Japan Railway1.5%
Nippon Express Co, Ltd.1.5%
SECURITY DESCRIPTION% OF TOTAL NET ASSETS
Nippon Shokubai Co, Ltd.1.5%
Kintetsu World Express1.4%
Tobu Railway Co, Ltd.1.4%
Nintendo Co, Ltd.1.4%
Murata Manufacturing1.3%
Softbank Group Corporation1.2%
Toyota Tsusho Corporation1.2%
Itochu Corp-Unspon Adr1.2%
Direct Marketing Mix Inc1.2%
Keikyu Corporation1.2%
Aeon Kyushu Co, Ltd.1.1%
Nitori Co, Ltd.1.1%
Denso Corporation1.1%
Sony Group Corporation1.1%
Nidec Corporation1.1%
Taihei Dengyo Kaisha, Ltd.1.1%
Kyushu Leaseing Service1.0%
Mitsui Fudosan Co., Ltd.1.0%
Ines Corporation1.0%
Tokyu Fudosan Hldgs Corporation0.9%
Yamae Hisano Co., Ltd.0.9%
Kao Corporation0.8%
Cyberdyne, Inc.0.8%
Daiichi Koutsu Sangyo Co.0.7%
Takada Corporation0.5%
Japanese Yen0.5%

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.

Minimums

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

Risk

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