Fund Currently Managed
Commonwealth:New Zealand Fund (CNZLX), co-manager since August, 2002.
Investment Style Overview
Invests in small-to-mid-sized stocks of companies based in Australia or New Zealand, or that do at least 50% of their business in those countries. Seeks companies with growing earnings that can be sustained. Looks to buy stocks at attractive valuations. Keeps 10%-15% of the fund’s assets in fixed-income securities.
Key Stock Selection Criteria
* High, sustainable dividend yield.
* Strong balance sheet.
* Company poised to benefit from economic, demographic, or political trend.
Key Sell Criteria
* Financial fundamentals erode.
* Stock becomes overvalued.
Wes Yuhnke is an assistant portfolio manager with FCA Corp., which he joined in May 2002. He holds a BBA in finance from Stephen F. Austin State University in Texas.