Commonwealth International Series Trust Introduces Africa Fund (cafrx)
by Susan Steely,
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UNITED STATES, Nov 11 — HOUSTON, TEXAS - On November 1, 2011, the Houston based Commonwealth International Series Trust added a fifth mutual fund to its family of funds. The new Africa Fund (CAFRX) seeks to invest its assets in a manner that allows it to participate in various African countries’ financial markets and economies. Robert W.
FCA Corp, 791 Town & Country Boulevard, Suite 250, Houston, Texas 77024 713 781 2856 The Commonwealth Funds are distributed by UMB Distribution Services, LLC
H
OUSTON, TEXAS - On November 1, 2011, the Houston based Commonwealth International Series Trust added a fifth mutual fund to its family of funds. The new Africa Fund (CAFRX) seeks to invest its assets in a manner that allows it to participate in various African countries’ financial markets and economies. Robert W. Scharar is President of FCA Corp, the Fund’s investment adviser who manages the fund and the other portfolios of the Commonwealth International Series Trust. FCA Corp and its predecessors have been in business since 1975 and Mr. Scharar has been associated with the organization as an investment adviser and portfolio manager for the past 20 years.
Mr. Scharar recently stated “some people view Africa as the last frontier yet we view it as today’s opportunity”.
Visit www.commonwealthfunds.com 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 www.commonwealthfunds.com. Please read the prospectus carefully before investing. I
nvesting in international markets may involve additional risks, such as social and political instability, market illiquidity, exchange-rate fluctuations, a high level of volatility and limited regulation. Region specific funds may be subject to a higher degree of market risk than diversified funds because of concentration in a specific industry, sector or geographic location including changes in overall market movements, commodity price volatility, changes in interest rates, or sectors affecting a particular commodity, such as drought, floods, weather, embargoes, tariffs, and international economic, and regulatory developments. Many companies that are tied economically to Africa are not subject to uniform accounting, auditing, and financial reporting standards or to other regulatory practices required of U.S. companies.
The portfolio may invest in small, mid-sized companies and emerging or frontier markets, which are susceptible to greater risk and tend to be more volatile than is customarily associated with investing in more established companies. The value of a particular currency may fluctuate which could erode or reverse any potential income and/or gains from the Fund’s investments in fixed income securities denominated in a foreign currency. It may not be possible for the Fund to effectively hedge the currency risks of many developing countries.
FCA Corp, 791 Town & Country Boulevard, Suite 250, Houston, Texas 77024 713 781 2856 The Commonwealth Funds are distributed by UMB Distribution Services, LLC. 803 W. Michigan Street, Milwaukee, WI 53203 (888 345 1898)
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