About CNZLX
The Commonwealth Australia/New Zealand Fund is a mutual fund designed to deliver long-term capital appreciation and current income by investing primarily in equity and debt securities from issuers based in Australia and New Zealand. The fund typically allocates at least 80% of its net assets to these markets, providing investors with exposure to diverse sectors such as resources, technology, financial services, agriculture, specialty manufacturing, and tourism. Australia is recognized for its robust exports in minerals, energy, and advanced service sectors, while New Zealand stands out in agriculture and has seen recent growth in healthcare, education, and technology sectors. Both countries benefit from stable democratic governance, established legal systems, and business-friendly environments that promote economic transparency and investment opportunities. The fund’s investment process leverages local insights and relationships to identify companies best positioned to benefit from regional economic progress. Annual distributions may include ordinary income and long-term capital gains, reflecting the fund’s dual focus on growth and income generation for its investors.
Fund Family Commonwealth Intl Series Tr
Category Miscellaneous Region
Performance Rating Average
Risk Rating Low
Stock Exchange NASDAQ
Ticker Symbol CNZLX
Index Index is not available on Lipper Database
CNZLX had a total return of 20.82% in the past year, including dividends.
Since the fund's inception, the average annual return has been 2.85%.
