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Japan Fund
Ticker: CNJFX
Inception Date: 07/10/1989
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.
DOCUMENTS
Fund Investment Holdings
Holdings as of 12/31/22
| SECURITY DESCRIPTION | % OF TOTAL NET ASSETS |
|---|---|
| Asahi Intecc Co Ltd | 5.8% |
| Feder-Gt Obl-I 7 | 4.9% |
| Hoya Corp. | 4.6% |
| Unicharm Corporation | 4.6% |
| Terumo Corporation | 4.2% |
| Dai-Ichi Life Insurance | 3.6% |
| Nitori Co Ltd | 3.1% |
| Daikin Industries Ltd | 3.0% |
| Orix Corp | 3.0% |
| Kajima Corp. | 3.0% |
| T&D Holdings Inc | 2.9% |
| Hankyu Hanshin Holdings | 2.6% |
| Hitachi Ltd | 2.5% |
| Fast Retailing Co | 2.4% |
| Sugi Holdings Co Ltd | 2.2% |
| Yamato Holdings Co., Ltd. | 2.2% |
| Mitsubishi Gas Chemical | 2.2% |
| Meidensha Corp. | 2.1% |
| Kirin Holdings Co Ltd | 2.1% |
| Sompo Holdings Inc | 2.0% |
| Sumitomo Realty & Develop | 1.9% |
| Otsuka Corp | 1.9% |
| Fanuc Corp | 1.8% |
| Taiyo Yuden Co Ltd | 1.7% |
| SECURITY DESCRIPTION | % OF TOTAL NET ASSETS |
|---|---|
| Nippon Express Holdings | 1.7% |
| East Japan Railway | 1.7% |
| Tobu Railway Co., Ltd | 1.7% |
| Aeon Kyushu Co Ltd | 1.6% |
| Kao Corp | 1.6% |
| Taihei Dengyo Kaisha, Ltd | 1.5% |
| Toyota Tsusho Corp | 1.5% |
| Shin-Etsu Chemical | 1.5% |
| Kansai Electric Pwr Co | 1.4% |
| Kyushu Leaseing Service | 1.4% |
| Keikyu Corp. | 1.4% |
| Kddi Corp | 1.2% |
| Takada Corporation | 1.2% |
| Denso Corp | 1.2% |
| Jsr Corp. | 1.2% |
| Yamae Group Holdings | 1.1% |
| Mitsui Fudosan Co., Ltd. | 1.1% |
| Ines Corp | 1.0% |
| Murata Manufacturing | 1.0% |
| Direct Marketing Mix Inc | 1.0% |
| Tokyu Fudosan Hldgs Corp | 0.9% |
| Daiichi Koutsu Sangyo Co. | 0.8% |
| Nidec Corp | 0.7% |
| Japanese Yen | 0.2% |
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.
Distributions
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 |
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.