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Australia/New Zealand
Fund

Ticker: CNZLX
Inception Date: 11/25/1991

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Mutual Fund Overview: Invest in Australia/New Zealand Fund

Situated ‘ down under’, the neighboring countries utilize their strong characteristics to drive their separate economies. Their exports consistently provide for the needs of over half of the world’s population located in the Pacific Rim.

Investors may be familiar with the popularity of these countries as tourist destinations and for their emerging wine market. Australia has many additional exports, including metals, minerals, fossil fuels, and agricultural derivatives. Their technological growth opens unparalleled opportunities for the Australian economy. As new technology is designed and adopted, Australia is also developing advanced financial and service sector capabilities.

Primarily focused on producing agricultural products, New Zealand is a key provider of goods to the southern Pacific Rim. In addition, the country has specialty manufacturing and service sectors. Over the past decade, healthcare, education, technology, and tourism have grown significantly.

In addition to the economic attributes, Australia and New Zealand both have strong democratic governments, established rule of law, and transparent economies, making them prime countries for foreign investments.

Both governing bodies:

  • • Provide support for local investments;

  • • Encourage public ownership; and

  • • Afford business friendly platforms;

  • • Display historically strong national finances.

Through relationships with business and government leaders, the investment managers of the Australia/New Zealand Fund seek to learn more about each country’s economy to enable decisions about investing in companies, so you have opportunities to bring it home.

Investment Objective

The Fund’s investment objective is to provide long-term capital appreciation and current income. It invests primarily in equity and debt securities of Australia and New Zealand issuers.

By learning the nation, knowing the people, identifying the needs, and determining who the companies are that are involved in providing the needed products, goods, and solutions, the Australia/New Zealand Fund tries to remain in the pathway of progress.

Fund Performance

Review the Australia/New Zealand Fund daily, monthly, and quarterly pricing and performance.

Fund Investment Holdings

Holdings as of 03/31/21

SECURITY DESCRIPTION% OF TOTAL NET ASSETS
South Port New Zealand17.20%
New Zealand Dollar6.60%
Infratil Ltd.5.70%
Mainfreight Ltd.5.30%
Freightways Ltd4.50%
Sonic Healthcare Ltd4.20%
Briscoe Group Ltd3.90%
Australian Dollar3.70%
Ikegps Group Ltd3.20%
Pacific Edge Ltd3.10%
CSL Ltd2.80%
Millennium & Copthorne2.60%
Apa Group2.50%
Skellerup Holdings Ltd2.40%
Ryman Healthcare Ltd2.30%
Marsden Maritime Holdings1.90%
Arvida Group Ltd.1.90%
Cochlear Ltd1.80%
Ramsay Health Care Ltd1.70%
Sanford Limited1.70%
Port Of Tauranga Ltd1.60%
New Zealand King Salmon1.40%
SECURITY DESCRIPTION% OF TOTAL NET ASSETS
Qube Holdings Ltd1.40%
Webjet Ltd1.30%
Scentre Group1.30%
Senex Energy Ltd1.20%
Delegat Group Ltd1.20%
Brambles Ltd1.20%
Sydney Airport1.10%
Cleanaway Waste Mgmt1.10%
Spark New Zeland Ltd1.00%
Coles Group Ltd0.90%
Summerset Group Hldg0.90%
Aft Pharmaceutical0.90%
Appen Ltd0.90%
Telstra Corp0.90%
Green Cross Health Ltd0.70%
Turners Automotive Group0.70%
Origin Energy Ltd0.40%
Lendlease Corp Ltd0.40%
Coronado Global Resource0.20%
Feder-Gt Obl-I 70.10%
Freedom Foods Group Ltd0.10%

Portfolio holdings will change due to ongoing management of the Fund. Reference to specific securities or sectors should not be construed as recommendations by the Fund, the advisor, or the distributor.

Distributions

Record date of December 19, 2019, the Ex-Dividend/Reinvestment and Payable Date of December 20, 2019.

Ordinary Investment Income per share: $0.067973
Long-Term Capital Gain per share:$0.762452
NEV Reinvestment Rate: $13.13 per share

Minimums

The minimum initial investment is $200 and there is no minimum for subsequent investments.

Risk

Learn about the principal risks of investing in the Australia/New Zealand Fund, which includes market, foreign security, and geographic risk.