CNREX: Commonwealth Real Estate Securities Fund - MutualFunds.com

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Commonwealth Real Estate Securities

CNREX - Snapshot

Vitals

  • YTD Return -4.2%
  • 3 Yr Annualized Return -0.8%
  • 5 Yr Annualized Return 2.5%
  • Net Assets $10.8 M
  • Holdings in Top 10 42.1%

52 WEEK LOW AND HIGH

$17.65
$10.55
$19.05

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.61%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 11.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

  • Standard (Taxable) $200
  • IRA N/A

Fund Classification


Compare CNREX to Popular Real Estate Sector Equity Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$85.22

+0.53%

$53.94 B

2.79%

$2.36

-8.10%

-

$28.32

+0.57%

$53.94 B

-

$0.00

-8.20%

-

$38.15

+0.58%

$8.14 B

2.30%

$0.87

-6.77%

-

$20.59

0.00%

$6.56 B

3.52%

$0.73

-8.00%

-

$60.50

+0.53%

$5.44 B

2.43%

$1.46

-8.56%

-

CNREX - Profile

Distributions

  • YTD Total Return -4.2%
  • 3 Yr Annualized Total Return -0.8%
  • 5 Yr Annualized Total Return 2.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.28%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Commonwealth Real Estate Securities Fund
  • Fund Family Name
    Commonwealth Intl Series Tr
  • Inception Date
    Jan 05, 2004
  • Shares Outstanding
    N/A
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Robert Scharar

Fund Description

Under normal market conditions, the fund invests at least 80% of its net assets in real estate securities. Investments made by the fund are in issuers in real estate and related industries (i.e., those issuers whose fortunes are impacted by the real estate market). It invests primarily in equity securities (including common stock and preferred stock and securities convertible into common stock) as well as in the debt securities of companies in real estate industries.


CNREX - Performance

Return Ranking - Trailing

Period CNREX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.2% -42.2% 26.6% 13.65%
1 Yr -11.4% -45.9% 27.2% 21.33%
3 Yr -0.8%* -16.7% 12.3% 81.65%
5 Yr 2.5%* -5.3% 12.8% 64.82%
10 Yr 5.0%* 2.4% 14.3% 92.34%

* Annualized

Return Ranking - Calendar

Period CNREX Return Category Return Low Category Return High Rank in Category (%)
2019 27.6% -0.8% 43.1% 4.20%
2018 -15.3% -44.0% 4.9% 82.11%
2017 14.2% -16.4% 25.4% 3.14%
2016 7.5% -13.1% 340.0% 7.21%
2015 -4.5% -18.4% 7.7% 60.85%

Total Return Ranking - Trailing

Period CNREX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.2% -41.7% 26.6% 13.65%
1 Yr -11.4% -45.9% 27.2% 19.23%
3 Yr -0.8%* -16.7% 12.3% 77.53%
5 Yr 2.5%* -5.5% 12.8% 59.68%
10 Yr 5.0%* 2.4% 14.3% 92.34%

* Annualized

Total Return Ranking - Calendar

Period CNREX Return Category Return Low Category Return High Rank in Category (%)
2019 27.6% -0.8% 43.1% 4.20%
2018 -15.3% -43.3% 4.9% 89.84%
2017 14.6% -13.6% 31.4% 3.14%
2016 7.5% -12.3% 13.4% 17.79%
2015 -3.1% -18.4% 7.7% 74.07%

NAV & Total Return History


CNREX - Holdings

Concentration Analysis

CNREX Category Low Category High CNREX % Rank
Net Assets 10.8 M 1.15 M 53.9 B 96.21%
Number of Holdings 59 18 562 28.32%
Net Assets in Top 10 4.63 M 538 K 26.5 B 96.50%
Weighting of Top 10 42.10% 14.1% 76.1% 86.50%

Top 10 Holdings

  1. SBA Communications Corp 5.79%
  2. American Tower Corp 5.50%
  3. James Hardie Industries PLC ADR 5.41%
  4. Digital Realty Trust Inc 4.50%
  5. Lennox International Inc 4.22%
  6. Lowe's Companies Inc 3.92%
  7. D.R. Horton Inc 3.44%
  8. CyrusOne Inc 3.31%
  9. InterContinental Hotels Group PLC ADR 3.15%
  10. Crown Castle International Corp 3.03%

Asset Allocation

Weighting Return Low Return High CNREX % Rank
Stocks
99.85% 0.00% 101.95% 20.63%
Cash
0.15% -104.20% 19.25% 72.03%
Preferred Stocks
0.00% 0.00% 49.58% 100.00%
Other
0.00% -10.54% 95.74% 97.55%
Convertible Bonds
0.00% 0.00% 7.50% 100.00%
Bonds
0.00% -9.65% 101.08% 99.30%

Stock Sector Breakdown

Weighting Return Low Return High CNREX % Rank
Real Estate
60.97% 30.32% 100.00% 98.18%
Consumer Cyclical
16.27% 0.00% 41.45% 2.92%
Industrials
10.82% 0.00% 10.82% 0.36%
Basic Materials
6.50% 0.00% 6.50% 0.36%
Financial Services
5.22% 0.00% 37.05% 2.55%
Consumer Defense
0.23% 0.00% 2.24% 0.73%
Utilities
0.00% 0.00% 6.35% 100.00%
Technology
0.00% 0.00% 14.65% 100.00%
Healthcare
0.00% 0.00% 39.57% 100.00%
Energy
0.00% 0.00% 0.67% 100.00%
Communication Services
0.00% 0.00% 11.27% 100.00%

Stock Geographic Breakdown

Weighting Return Low Return High CNREX % Rank
US
86.51% 0.00% 100.44% 81.12%
Non US
13.34% 0.00% 32.67% 3.50%

CNREX - Expenses

Operational Fees

CNREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.61% 0.07% 23.80% 9.96%
Management Fee 0.75% 0.00% 1.67% 61.89%
12b-1 Fee 0.25% 0.00% 1.00% 63.31%
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

CNREX 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

CNREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 66.67%

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.

CNREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 11.00% 1.54% 257.00% 11.51%

CNREX - Distributions

Dividend Yield Analysis

CNREX Category Low Category High CNREX % Rank
Dividend Yield 0.00% 0.00% 9.91% 100.00%

Dividend Distribution Analysis

CNREX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

CNREX Category Low Category High CNREX % Rank
Net Income Ratio 0.28% -2.55% 6.71% 97.17%

Capital Gain Distribution Analysis

CNREX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Semi-Annually

Dividend Payout History

View More +

CNREX - Fund Manager Analysis

Managers

Robert Scharar


Start Date

Tenure

Tenure Rank

Jan 05, 2004

16.83

16.8%

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.

Wesley Yuhnke


Start Date

Tenure

Tenure Rank

Jan 05, 2004

16.83

16.8%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.18 26.84 8.28 1.1
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