Commonwealth Africa Fund (CAFRX)
| Fund Assets | 8.55M |
| Expense Ratio | 1.75% |
| Min. Investment | $200 |
| Turnover | 1.00% |
| Dividend (ttm) | 0.45 |
| Dividend Yield | 3.96% |
| Dividend Growth | 27.85% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 15, 2025 |
| Previous Close | 11.56 |
| YTD Return | -1.04% |
| 1-Year Return | 42.50% |
| 5-Year Return | 58.66% |
| 52-Week Low | 7.24 |
| 52-Week High | 13.20 |
| Beta (5Y) | 0.72 |
| Holdings | 44 |
| Inception Date | Nov 7, 2011 |
About CAFRX
The Commonwealth Africa Fund is a mutual fund focused on delivering long-term capital appreciation and current income through diversified investments in Africa. The fund primarily invests at least 80% of its net assets in the securities of companies and depositary receipts tied economically to African countries. While its core holdings are in equities, it may also include fixed income securities and utilize derivatives to manage risk or enhance returns. The fund’s portfolio is composed of a blend of large, medium, small, and micro-cap companies, reflecting the varied opportunities present across African markets. Key sectors represented include financial services, materials, consumer staples, and technology, with top holdings frequently featuring leading African companies in these industries. The Commonwealth Africa Fund plays a distinctive role in the financial market by offering investors targeted exposure to Africa’s emerging economies—a region often underrepresented in global portfolios—thereby providing diversification benefits and access to unique growth prospects. Its approach is suited for investors seeking specialized regional exposure beyond traditional developed or broad emerging markets.
Performance
CAFRX had a total return of 42.50% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.79%.
Top 10 Holdings
46.91% of assets| Name | Symbol | Weight |
|---|---|---|
| Capitec Bank Holdings Limited | CPI | 10.68% |
| Gold Fields Ltd ADR | EDG.DE | 5.43% |
| Federated Government Obligations Fund | GOIXX | 5.13% |
| Standard Bank Group Limited | SGBLY | 4.27% |
| Naspers Limited | NPN | 4.22% |
| MTN Group Limited | MTNOY | 3.74% |
| AngloGold Ashanti plc | AU | 3.68% |
| Datatec Limited | DTC | 3.43% |
| Impala Platinum Holdings Limited | IMP | 3.23% |
| Vukile Property Fund Limited | VKE | 3.10% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 15, 2025 | $0.454 | Dec 15, 2025 |
| Dec 16, 2024 | $0.3551 | Dec 16, 2024 |
| Dec 15, 2023 | $0.2312 | Dec 18, 2023 |
| Dec 16, 2022 | $0.0733 | Dec 19, 2022 |
| Dec 17, 2021 | $0.1601 | Dec 20, 2021 |
| Dec 18, 2020 | $0.18013 | Dec 21, 2020 |