- What does CAFRX invest in?
- Under normal market conditions, the fund invests at least 80% of its net assets in the securities of, and depositary receipts (including American Depositary Receipts ("ADRs"), Global Depositary Receipts ("GDRs"), and European Depositary Receipts ("EDRs")) represented by, African issuers that are tied economically to Africa.
- What is the expense ratio of CAFRX?
- Commonwealth Africa Fund (CAFRX) charges an expense ratio of 1.75%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is CAFRX?
- Commonwealth Africa Fund (CAFRX) manages $8.6M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is CAFRX actively managed or an index fund?
- CAFRX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
- When was CAFRX launched?
- Commonwealth Africa Fund (CAFRX) launched in November 2011 and is managed by the fund issuer.
- How has CAFRX performed?
- CAFRX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.
