CNJFX Fees and Costs — Commonwealth Japan Fund
Data updated: 2026-09-29
The net expense ratio is 1.75%: a 0.75% management fee, a 0.25% 12b-1 fee plus 2.36% other expenses, less a 1.61% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $891 in broker commissions, 0.0139% of average net assets, and portfolio turnover was 6%.
CNJFX Fees and Expenses
Annual operating expenses and sales charges of CNJFX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 2.36% |
| Gross expense ratio | 3.36% |
| Fee waiver | −1.61% |
| Net expense ratio | 1.75% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
CNJFX Costs Over Time
On $10,000 invested in CNJFX, assuming 5% a year before costs, total costs come to $1,087 over 5 years, cutting the return by 1.85% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.75%) | $184 | $569 | $978 |
| Trading costs (broker commissions) | $1 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $29 | $100 |
| Total costs | $185 | $602 | $1,087 |
| Value after costs | $10,315 | $10,974 | $11,676 |
| Impact on return, per year | 1.85% | 1.85% | 1.85% |
CNJFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0139%
- Total broker commissions: $891
- Bought from dealers (principal trades, not a cost): $175K
- Portfolio turnover (prospectus): 6%
- Securities lending: none during the year
CNJFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CAPITAL INSTITUTIONAL SERVICES, INC | $891 | 100.00% |
CNJFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CAPITAL INSTITUTIONAL SERVICES, INC | $175K | 100.00% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.