Commonwealth Africa Fund (CAFRX)

Fund Assets	6.94M
Expense Ratio	1.75%
Min. Investment	$200
Turnover	1.00%
Dividend (ttm)	0.45
Dividend Yield	3.82%
Dividend Growth	27.85%
Payout Frequency	Annual
Ex-Dividend Date	Dec 15, 2025

Previous Close	11.84
YTD Return	2.25%
1-Year Return	14.21%
5-Year Return	57.66%
52-Week Low	10.48
52-Week High	13.20
Beta (5Y)	0.71
Holdings	41
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.

• Fund Family: Commonwealth Intl Series Tr
• Category: Miscellaneous Region
• Stock Exchange: Nasdaq
• Ticker Symbol: CAFRX
• Index: MSCI EM (Emerging Markets) NR USD

Performance

CAFRX had a total return of 14.21% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.91%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
FGOMX	Fidelity	Strategic Advisers Fidelity Emerging Markets Fund	0.29%
FPADX	Fidelity	Fidelity Emerging Markets Index Fund	0.08%

Top 10 Holdings

48.48% of assets

Name	Symbol	Weight
Capitec Limited	CPI	11.96%
Gold Fields Ltd ADR	EDG.DE	5.25%
Standard Bank Group Limited	SGBLY	4.74%
AngloGold Ashanti plc	AU	4.65%
Vukile Property Fund Limited	VKE	3.99%
MTN Group Limited	MTNOY	3.95%
Datatec Limited	DTC	3.82%
Naspers Limited	NPN	3.51%
Grindrod Limited	GND	3.37%
Omnia Holdings Limited	OMN	3.24%

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

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Oct 17, 2026

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