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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 06/30/22

SECURITY DESCRIPTION% OF TOTAL NET ASSETS
Asahi Intecc Co Ltd5.5%
Terumo Corporation4.6%
Fast Retailing Co4.2%
Hoya Corp.4.1%
Dai-Ichi Life Insurance4.1%
Orix Corp4.1%
Unicharm Corporation4.0%
Daikin Industries Ltd3.2%
Kajima Corp.3.0%
Shin-Etsu Chemical2.7%
Kintetsu World Express2.5%
Hankyu Hanshin Holdings2.4%
T&D Holdings Inc2.4%
Hitachi Ltd2.4%
Yamato Holdings Co., Ltd.2.3%
Meidensha Corp.2.2%
Kirin Holdings Co Ltd2.2%
Sugi Holdings Co Ltd2.2%
Sumitomo Realty & Develop2.1%
Taiyo Yuden Co Ltd2.1%
Fanuc Corp1.9%
Otsuka Corp1.8%
Nidec Corp1.7%
Tobu Railway Co., Ltd1.7%
Nippon Express Holdings1.6%
SECURITY DESCRIPTION% OF TOTAL NET ASSETS
Asahi Intecc Co Ltd
1.7%
Terumo Corporation
1.6%
Fast Retailing Co
1.5%
Hoya Corp.
1.5%
Dai-Ichi Life Insurance
1.5%
Orix Corp
1.5%
Unicharm Corporation1.4%
Daikin Industries Ltd
1.4%
Kajima Corp.
1.3%
Shin-Etsu Chemical
1.3%
Kintetsu World Express
1.2%
Hankyu Hanshin Holdings
1.2%
T&D Holdings Inc
1.2%
Hitachi Ltd
1.1%
Yamato Holdings Co., Ltd.
1.1%
Meidensha Corp.
1.1%
Kirin Holdings Co Ltd
1.1%
Sugi Holdings Co Ltd
1.1%
Sumitomo Realty & Develop
1.0%
Taiyo Yuden Co Ltd
0.8%
Fanuc Corp
0.7%
Otsuka Corp
0.7%
Nidec Corp
0.6%
Tobu Railway Co., Ltd
0.1%
Nippon Express Holdings
Jsr Corp.
East Japan Railway
Nitori Co Ltd

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.