Commonwealth Australianew Zealand Fund Quote
| CNZLX Fund | USD 10.99 0.04 0.36% |
Performance0 of 100
| Odds Of DistressLess than 22
|
Commonwealth Australia/new is trading at 10.99 as of the 26th of November 2024; that is 0.36 percent decrease since the beginning of the trading day. The fund's open price was 11.03. Commonwealth Australia/new has about a 22 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Commonwealth Australianew Zealand are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of October 2024 and ending today, the 26th of November 2024. Click here to learn more.
The fund normally invests at least 80 percent of its net assets in the securities of, and depositary receipts , Global Depositary Receipts , and European Depositary Receipts represented by, Australian and New Zealand issuers that are tied economically to Australia or New Zealand. More on Commonwealth Australianew Zealand
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Commonwealth Mutual Fund Highlights
| Fund Concentration | Commonwealth Intl Series Tr Funds, Large Funds, Miscellaneous Region Funds, Miscellaneous Region, Commonwealth Intl Series Tr (View all Sectors) |
| Update Date | 30th of September 2024 |
| Expense Ratio Date | 28th of February 2023 |
| Fiscal Year End | October |
Commonwealth Australianew Zealand [CNZLX] is traded in USA and was established 26th of November 2024. Commonwealth Australia/new is listed under Commonwealth Intl Series Tr category by Fama And French industry classification. The fund is listed under Miscellaneous Region category and is part of Commonwealth Intl Series Tr family. This fund currently has accumulated 13.04 M in assets under management (AUM) with minimum initial investment of 200. Commonwealth Australia/new is currently producing year-to-date (YTD) return of 0.61% with the current yeild of 0.0%, while the total return for the last 3 years was -10.06%.
Check Commonwealth Australia/new Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Commonwealth Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Commonwealth Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Commonwealth Australianew Zealand Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Commonwealth Australia/new Risk Profiles
| Mean Deviation | 0.6294 | |||
| Standard Deviation | 0.8495 | |||
| Variance | 0.7216 | |||
| Risk Adjusted Performance | (0.03) |
Commonwealth Australia/new Against Markets
Other Information on Investing in Commonwealth Mutual Fund
Commonwealth Australia/new financial ratios help investors to determine whether Commonwealth Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Commonwealth with respect to the benefits of owning Commonwealth Australia/new security.
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