Commonwealth Global Fund
Name
As of 11/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
7.3%
1 yr return
19.1%
3 Yr Avg Return
-0.6%
5 Yr Avg Return
5.6%
Net Assets
$16.5 M
Holdings in Top 10
43.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.61%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 6.00%
Redemption Fee 2.00%
Min Investment
Standard (Taxable)
$200
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
CNGLX - Profile
Distributions
- YTD Total Return 7.3%
- 3 Yr Annualized Total Return -0.6%
- 5 Yr Annualized Total Return 5.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.54%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameCommonwealth Global Fund
-
Fund Family NameCommonwealth Intl Series Tr
-
Inception DateDec 17, 2002
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerWesley Yuhnke
Fund Description
The Global Fund invests primarily in U.S. and foreign equity securities (including common and preferred stock and securities convertible into common stock) and in debt securities. The Global Fund’s investments may include issuers of any market capitalization. Although the Global Fund can invest in companies from any country, it generally focuses on established companies in countries with developed economies. The Global Fund may invest in securities denominated in any currency. In addition to buying equity and debt securities, the Global Fund may invest in depositary receipts (including American Depositary Receipts (“ADRs”), Global Depositary Receipts (“GDRs”), and European Depositary Receipts (“EDRs”)). ADRs are dollar-denominated depositary receipts that, typically, are issued by a United States bank or trust company and represent the deposit with that bank or trust company of a security of a foreign issuer. Generally, ADRs are designed for trading on U.S. securities exchanges or other markets. The Fund may also invest in EDRs, GDRs and in similar instruments representing foreign-traded depositary interests in securities of foreign companies. EDRs are receipts issued by a European financial institution evidencing arrangements similar to ADRs. EDRs are generally designed for use in European securities markets. GDRs are receipts for foreign-based corporations that are traded in capital markets around the world. These depositary receipts may be sponsored or unsponsored. The depositary receipts in which the Fund invests are U.S. dollar-denominated.
Under normal market conditions, the Global Fund invests at least 40% of its net assets in the securities of, and depositary receipts represented by, foreign issuers. The Global Fund considers an issuer to be a foreign issuer if: (1) the issuer is organized under the laws of a jurisdiction other than those of the United States; (2) the securities of the issuer are listed on stock exchange outside the United States regardless of the country in which the issuer is organized; (3) the issuer derives 50% or more of its total revenue from goods and/or services produced or sold outside of the United States; or (4) the securities are issued or guaranteed by government entities other than the United States. The Global Fund may invest in shares of other investment companies, including open-end and closed-end funds and exchange-traded funds (“ETFs”). The Global Fund may invest in emerging market countries. The Global Fund may invest in companies that focus on natural resources production, refining and development.
The Global Fund’s investments in debt securities may include obligations of governmental issuers, commercial paper and other companies regardless of credit quality and regardless of whether such securities are rated or unrated by nationally recognized statistical rating organizations (“NRSROs”). The determination as to whether to make a particular investment in debt securities is based on FCA Corp’s, the Global Fund’s investment adviser (“FCA Corp” or the “Adviser”), analysis of the risk of the debt security versus the price and return of such debt security. The Fund’s debt investments may include securities that are viewed as being of a credit quality that is below investment-grade (i.e., “junk bonds”) based on ratings established by NRSROs regardless of whether such debt security is rated or not.
The Global Fund may also engage in borrowing for cash management purposes. The Global Fund may borrow to the maximum extent permitted by applicable law, which generally means that the Japan Fund may borrow up to one-third of its total assets (including the amount borrowed).
FCA Corp will attempt whenever possible to: (i) diversify among companies, industries, and without restriction to any particular region such as Asia or Europe or any particular country such as the United States or Japan; (ii) focus on companies with reasonable valuations; and (iii) generally focus on countries with developed economies. FCA Corp has long-term investment goals and its process seeks to identify potential portfolio investments that can be held over an indefinite time horizon. FCA Corp evaluates its beliefs and adjusts portfolio holdings in light of prevailing market conditions and other factors, including, among other things, economic, political, or market events, changes in relative valuations (to both a company’s growth prospects and to other issuers), and liquidity requirements. In selecting investments
for the Global Fund, FCA Corp will assess factors it deems relevant and applicable under the particular circumstances, including, among others:
● | Potential for capital appreciation (to both a company’s growth prospects and to other issuers); |
● | Earnings growth potential and/or sustainability; |
● | Price of security relative to historical and/or future cash flow; |
● | Sustainable franchise value; |
● | Price of a security relative to price of underlying stock, if a convertible security; |
● | Yield on security relative to yield of other fixed-income securities; |
● | Interest or dividend income; |
● | Call and/or put features; |
● | Price of a security relative to price of other comparable securities; |
● | Size of issue; and |
● | Impact of security on diversification of the portfolio. |
FCA Corp will also seek to sell a security when it believes its price is unlikely to appreciate longer term, other comparable investments offer better opportunities for the Global Fund, or in the course of adjusting the Global Fund’s emphasis(es) on a given country(ies) or sector(s). The Global Fund generally invests in equity securities with the view to hold them long-term and debt securities to hold to maturity.
CNGLX - Performance
Return Ranking - Trailing
Period | CNGLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 7.3% | -35.6% | 29.2% | 81.66% |
1 Yr | 19.1% | 17.3% | 252.4% | 52.73% |
3 Yr | -0.6%* | -3.5% | 34.6% | 72.63% |
5 Yr | 5.6%* | 0.1% | 32.7% | 82.82% |
10 Yr | 3.7%* | -6.9% | 18.3% | 98.89% |
* Annualized
Return Ranking - Calendar
Period | CNGLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.9% | -24.3% | 957.1% | 42.55% |
2022 | -20.5% | -38.3% | 47.1% | 50.70% |
2021 | 13.4% | -54.2% | 0.6% | 38.90% |
2020 | 14.7% | -76.0% | 54.1% | 68.08% |
2019 | 21.8% | -26.1% | 47.8% | 54.55% |
Total Return Ranking - Trailing
Period | CNGLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 7.3% | -35.6% | 29.2% | 81.99% |
1 Yr | 19.1% | 11.4% | 252.4% | 48.41% |
3 Yr | -0.6%* | -3.5% | 34.6% | 70.44% |
5 Yr | 5.6%* | 0.1% | 32.7% | 81.34% |
10 Yr | 3.7%* | -6.9% | 18.3% | 98.70% |
* Annualized
Total Return Ranking - Calendar
Period | CNGLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.9% | -24.3% | 957.1% | 42.55% |
2022 | -19.8% | -33.1% | 47.1% | 51.07% |
2021 | 13.4% | -44.4% | 1.8% | 58.41% |
2020 | 14.7% | -6.5% | 54.1% | 86.97% |
2019 | 21.8% | -14.4% | 47.8% | 29.19% |
NAV & Total Return History
CNGLX - Holdings
Concentration Analysis
CNGLX | Category Low | Category High | CNGLX % Rank | |
---|---|---|---|---|
Net Assets | 16.5 M | 199 K | 133 B | 91.23% |
Number of Holdings | 48 | 1 | 9075 | 75.77% |
Net Assets in Top 10 | 7.84 M | -18 M | 37.6 B | 86.23% |
Weighting of Top 10 | 43.78% | 9.1% | 100.0% | 22.77% |
Top 10 Holdings
- Group 1 Automotive, Inc. 5.72%
- NetApp, Inc. 5.67%
- Apple, Inc. 5.58%
- Miller Industries, Inc. 5.31%
- Thermo Fisher Scientific, Inc. 4.62%
- Siemens AG 3.57%
- Microsoft Corp. 3.50%
- Norfolk Southern Corp. 3.34%
- AstraZeneca PLC 3.32%
- Chevron Corp. 3.14%
Asset Allocation
Weighting | Return Low | Return High | CNGLX % Rank | |
---|---|---|---|---|
Stocks | 99.54% | 61.84% | 125.47% | 36.89% |
Cash | 1.12% | -174.70% | 23.12% | 56.72% |
Preferred Stocks | 0.00% | -0.01% | 5.28% | 66.19% |
Other | 0.00% | -13.98% | 19.14% | 69.71% |
Convertible Bonds | 0.00% | 0.00% | 4.46% | 62.00% |
Bonds | 0.00% | -1.50% | 161.67% | 63.66% |
Stock Sector Breakdown
Weighting | Return Low | Return High | CNGLX % Rank | |
---|---|---|---|---|
Technology | 23.75% | 0.00% | 49.87% | 10.90% |
Healthcare | 16.28% | 0.00% | 35.42% | 37.00% |
Industrials | 14.40% | 0.00% | 44.06% | 11.12% |
Consumer Defense | 13.71% | 0.00% | 73.28% | 19.71% |
Consumer Cyclical | 12.17% | 0.00% | 40.94% | 64.32% |
Financial Services | 7.39% | 0.00% | 38.42% | 81.50% |
Communication Services | 5.78% | 0.00% | 57.66% | 81.72% |
Energy | 3.31% | 0.00% | 21.15% | 45.93% |
Basic Materials | 3.20% | 0.00% | 38.60% | 67.95% |
Utilities | 0.00% | 0.00% | 29.12% | 89.32% |
Real Estate | 0.00% | 0.00% | 39.48% | 90.64% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | CNGLX % Rank | |
---|---|---|---|---|
US | 99.54% | 0.13% | 103.82% | 66.30% |
Non US | 0.00% | 0.58% | 99.46% | 26.21% |
CNGLX - Expenses
Operational Fees
CNGLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.61% | 0.01% | 44.27% | 10.15% |
Management Fee | 0.75% | 0.00% | 1.82% | 59.85% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 38.80% |
Administrative Fee | N/A | 0.01% | 0.76% | N/A |
Sales Fees
CNGLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
CNGLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 2.00% | 1.00% | 2.00% | 45.10% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
CNGLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 6.00% | 0.00% | 395.00% | 3.90% |
CNGLX - Distributions
Dividend Yield Analysis
CNGLX | Category Low | Category High | CNGLX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 3.26% | 61.71% |
Dividend Distribution Analysis
CNGLX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | Annually | Annually |
Net Income Ratio Analysis
CNGLX | Category Low | Category High | CNGLX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.54% | -4.27% | 12.65% | 89.43% |
Capital Gain Distribution Analysis
CNGLX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 16, 2022 | $0.147 | CapitalGainLongTerm |
Dec 21, 2018 | $0.023 | CapitalGainLongTerm |
Dec 15, 2016 | $0.605 | CapitalGainLongTerm |
Dec 17, 2014 | $1.334 | CapitalGainLongTerm |
Dec 18, 2013 | $0.642 | CapitalGainLongTerm |
Aug 30, 2012 | $0.011 | CapitalGainLongTerm |
Dec 21, 2011 | $1.524 | CapitalGainLongTerm |
Dec 27, 2007 | $1.183 | CapitalGainLongTerm |
Dec 27, 2007 | $0.005 | OrdinaryDividend |
Jul 10, 2007 | $0.007 | CapitalGainLongTerm |
CNGLX - Fund Manager Analysis
Managers
Wesley Yuhnke
Start Date
Tenure
Tenure Rank
Nov 01, 2002
19.59
19.6%
Yuhnke currently is an assistant portfolio manager and investment operations manager with FCA Corp, which he joined in May 2002. He was appointed assistant portfolio manager in August 2002. Prior to joining FCA Corp, he attended Stephen F. Austin State University where he received his BBA in Finance. While there he was the recipient of the A.G. Edwards Portfolio Management Award. Mr. Yuhnke earned his MBA with emphasis in Finance from Texas Tech University. He currently serves in a dual role as an Assistant Portfolio Manager to the Funds and Chief Investment Officer of FCA Corp.
Robert Scharar
Start Date
Tenure
Tenure Rank
Nov 01, 2002
19.59
19.6%
Scharar is a president and director of FCA Corporation, the firm he established in 1983. He co-founded its predecessor, First Commonwealth Associates in 1975. Previously, Scharar was an accounting professor at Bentley and Nichols Colleges, an officer of the United States Trust Company, and a tax specialist at Coopers & Lybrand. He is a member of the Florida and Massachusetts Bars. Scharar holds the Certified Public Accountant designation. Mr. Scharar is a director and past president of the American Association of Attorney-CPAs. He is a director, manager, and/or officer of the following entities: Blantyre Hotels, Ltd. (Malawi), Africap, LLC, NICO Holdings, Ltd. (Malawi), First Commonwealth Holdings Corporation, First Commonwealth Mortgage Trust, Holly Mortgage Trust, Ivy Realty Trust, Nashville Properties, Inc., subsidiary companies at some of the above, and other closely held FCA advised entities and non-FCA related entities. He received his AA degree from Polk Community College in 1968 and his BS in Accounting from the University of Florida in 1970. He received his MBA and JD from Northeastern University in 1971 and 1974, respectively; and an LLM in Taxation from Boston University Law School in 1979.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.01 | 35.82 | 6.24 | 1.25 |