SOUTH AFRICA
UNITED STATES
“perspektief”   perspective

Spanning a World of Possibilities.

Get a new viewpoint when it comes to diversifying your portfolio.

Africa Fund (CAFRX) Portfolio Holdings

Simply put, Africa is unique. As the second largest continent with thousands of languages spoken by its 1.1 billion population, Africa offers a whole host of investment options. To strive to capture this unique investment opportunity, Commonwealth Funds has developed the Africa Fund, designed to benefit from the emerging African economies and growing consumerism.

This strategy allows the Fund to access companies involved in industries as diverse as financial products, healthcare initiatives, transportation, tourism, power generation facilities, sanitation and clean water production, and industrial manufacturing. The Africa Fund provides you the ability to invest part of your assets in the continent of Africa, a region where limited dedicated funds are available.

The process to utilize this potential emergence by investing in companies within selected countries requires a dedicated research effort and analysis of:

  • Various government inter-country alliances
  • Separate marketplaces where the financial instruments of the companies are traded
  • Legal framework and governance overseeing these endeavors
  • Financial systems employed to provide information for the investing public

After thorough consideration of these and other factors, it is our opinion there are significant opportunities available which we believe represent long term potential. It is our goal to have many of these opportunities available through the Africa Fund portfolio, so you can bring it home.

The Africa Fund Investment Objective

The investment objective of the Africa Fund is to provide long-term capital appreciation and current income by investing in various African countries’ financial markets and economies. Many factors impact the Fund’s expense ratio, including the level of net assets.

The Advisor has agreed to waive certain annual expenses on a contractual and voluntary basis, however, the voluntary reimbursement for the Africa Fund’s expenses are subject to the Advisor’s discretion and may be discontinued at any time.

Prospectus >>
Fund Fact Sheet >>
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Review the Africa Fund (CAFRX) Investment Holdings >>

Risks of Investment

Learn about the principal risks of investing in the Africa Fund, which includes market, foreign security and geographic risk.

Your View into Africa

The Advisor believes many investors see value in investing in Africa because of personal experiences or interest. We have provided additional information including an interactive map providing country-specific information, links to African stock exchanges and government entity websites, and other information valuable to someone who is a student of Africa.

African Economic and Financial Organizations >>

Interactive Map of Africa >>

African Stock Exchange Links >>

Invest Now >>

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The Commonwealth Funds are distributed by Unified Financial Securities, LLC. The Commonwealth Funds investment advisor is FCA Corp, a U.S. Registered Investment Advisor and Financial Planning firm established in 1975.

You should consider the Fund’s investment objectives, risks, charges and expenses carefully before investing. For a prospectus that contains this and other information about the Fund, call 888.345.1898 or visit our website at commonwealthfunds.com. Please read the prospectus carefully before investing. The Commonwealth Funds are distributed by Unified Financial Securities, LLC.

Investing involves risk, including loss of principal. Investments in international markets present special risks, including currency fluctuation, the potential for diplomatic and political instability, regulatory and liquidity risks, foreign taxation, and differences in auditing and other financial standards. Risks of foreign investing are generally intensified for investments in emerging markets. There is no guarantee that this, or any, investing strategy will achieve its objectives. Diversification does not ensure a profit or guarantee against loss.

In addition to the risks described above, the Africa Fund is subject to the following risks. Fixed income investments are affected by a number of risks, including fluctuations in interest rates, credit risk, and prepayment risk. The Africa Fund may invest in junk bonds, which are considered speculative and have significantly higher credit risk than investment-grade bonds. In general, as prevailing interest rates rise, fixed income securities prices will fall. By focusing its investments on issuers located in African countries, the Fund may be exposed to additional risks that other funds that invest in securities of issuers in a broader region may not be exposed. A sub-set of African emerging market countries are considered to be "frontier markets." The risks of investing in emerging market countries are magnified in frontier market countries. When the Fund invests in other investment companies and ETFs, it will indirectly bear its proportionate share of any fees and expenses payable directly by the other investment company. Therefore, the Africa Fund will incur higher expenses, many of which will be duplicative. Securities of companies with small market capitalizations are often more volatile and less liquid than investments in larger companies. Investments in commodities may subject the Fund to greater volatility than investment in traditional securities. The value of derivatives may rise or fall more rapidly than other investments. For some derivatives, it is possible to lose more than the amount invested in the derivative. If the Fund uses derivatives to "hedge" the overall risk of the portfolio, it is possible that the hedge may not succeed.