Commonwealth Australia/New Zealand Fund

Frequently Asked Questions About CNZLX

What does CNZLX invest in?

This fund typically dedicates a minimum of 80% of its investable capital to acquiring equity instruments and various forms of depositary receipts—such as American (ADRs), Global (GDRs), and European (EDRs)—issued by companies whose primary business operations or economic interests are linked to Australia and New Zealand. The portfolio also has the flexibility to invest in shares of other collective investment vehicles, including open-end funds, closed-end funds, and exchange-traded funds (ETFs). Additionally, the fund is authorized to utilize derivative transactions.

What is the expense ratio of CNZLX?

Commonwealth Australia/New Zealand Fund (CNZLX) charges an expense ratio of 2.89%. This is the annual fee deducted from fund assets to cover management and operations.

How big is CNZLX?

Commonwealth Australia/New Zealand Fund (CNZLX) manages $13.6M 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 CNZLX actively managed or an index fund?

CNZLX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was CNZLX launched?

Commonwealth Australia/New Zealand Fund (CNZLX) launched in June 1996 and is managed by the fund issuer.

How has CNZLX performed?

CNZLX'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.