# EDGAR Filing Document

**Accession Number:** 0000793601
**File Stem:** 0000910472-26-005027
**Filing Date:** 2026-3
**Character Count:** 41948
**Document Hash:** b52206a07f7776a5f21f0b595181e8da
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-005027.hdr.sgml**: 20260331

**ACCESSION NUMBER**: 0000910472-26-005027

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260331

**DATE AS OF CHANGE**: 20260331

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** COMMONWEALTH INTERNATIONAL SERIES TRUST
- **CENTRAL INDEX KEY:** 0000793601

**ORGANIZATION NAME:**
- **EIN:** 760342141
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04665
- **FILM NUMBER:** 26818505

**BUSINESS ADDRESS:**
- **STREET 1:** 791 TOWN & COUNTRY BLVD.
- **STREET 2:** SUITE 250
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77024
- **BUSINESS PHONE:** 7132609000

**MAIL ADDRESS:**
- **STREET 1:** 791 TOWN & COUNTRY BLVD.
- **STREET 2:** SUITE 250
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77024

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CAPSTONE INTERNATIONAL SERIES TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** INVESTORS INTERNATIONAL SERIES TRUST
- **DATE OF NAME CHANGE:** 19890301

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FRAMLINGTON COMMON CAPITAL FUND
- **DATE OF NAME CHANGE:** 19861102

## Series and Classes Contracts Data

### AFRICA FUND (Series ID: S000034335)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000105717 | AFRICA FUND  | CAFRX           |

## Nport-Ex

Commonwealth

Australia/New

Zealand

Fund

Schedule

of

Investments

January

31,

2026

-

(Unaudited)

COMMON

STOCKS

(99.30%)

Sh

ar

e

s

F

air

V

alu

e

Australia

(37.02%)

Base

Metals

(0.53%)

Lotus

Resources

Ltd.

(a) 34,783

$

73,892

Biotech

(2.28%)

CSL

Ltd.

2,500

315,909

Containers

&

Packaging

(5.21%)

Brambles

Ltd.

46,216

721,070

Data

Center

REITs

(0.65%)

DigiCompany

Infrastructure

REIT

50,000

89,503

Diversified

Banks

(1.68%)

Macquarie

Group

Ltd.

1,574

232,619

Environmental

&

Facilities

Services

(1.56%)

Cleanaway

Waste

Management

Ltd.

125,946

216,679

Gas

Utilities

(2.05%)

APA

Group

46,187

285,029

Health

Care

Facilities

(0.70%)

Ramsay

Health

Care

Ltd.

3,816

96,643

Health

Care

Services

(2.12%)

Sonic

Healthcare

Ltd.

18,382

293,840

Industrial

REITs

(0.46%)

Goodman

Group

3,000

64,213

Information

Technology

(0.47%)

NEXTDC

Ltd.

(a) 7,000

64,944

Infrastructure

Software

(0.47%)

xReality

Group

Ltd.

(a) 2,000,000

65,473

Internet

Media

&

Services

(1.32%)

Webjet

Ltd.

(a) 57,000

183,423

Logistics

Services

(3.68%)

Qube

Holdings

Ltd.

153,645

510,473

Medical

Devices

(2.36%)

Cochlear

Ltd.

1,750

328,011

Mineral

&

Precious

Stone

Mining

(3.17%)

Lynas

Rare

Earth

Ltd.

-

ADR

(a) 43,300

439,928

P&C

Insurance

(2.08%)

QBE

Insurance

Group

Ltd.

17,160

235,940

Suncorp

Group

Ltd.

4,399

52,088

288,028

Retail

REITs

(1.18%)

Scentre

Group

Ltd.

57,779

164,197

Commonwealth

Australia/New

Zealand

Fund

Schedule

of

Investments

(continued)

January

31,

2026

-

(Unaudited)

COMMON

STOCKS

(99.30%)

-

(continued)

Sh

ar

e

s

F

air

V

alu

e

Transport

Operations

&

Services

(1.15%)

Transurban

Group

16,482

$

160,148

Wireless

Telecommunications

(3.90%)

Telstra

Corp.

Ltd.

158,985

540,396

Total

Australia

5,134,418

New

Zealand

(61.34%)

Alcoholic

Beverages

(0.42%)

Delegat

Group

Ltd.

21,456

57,905

Courier

Services

(6.57%)

Freightways

Ltd.

103,540

910,653

Flow

Control

Equipment

(3.37%)

Skellerup

Holdings

Ltd.

150,000

467,169

Food

&

Drug

Stores

(1.22%)

Green

Cross

Health

Ltd.

211,796

169,692

Health

Care

Facilities

(4.20%)

Oceania

Healthcare

Ltd.

(a) 457,544

234,285

Ryman

Healthcare

Ltd.

(a) 207,600

347,667

581,952

Health

Care

Supply

Chain

(0.75%)

AFT

Pharmaceuticals

Ltd.

(a) 46,000

104,470

Home

Products

Stores

(3.98%)

Briscoe

Group

Ltd.

183,520

551,666

Life

Science

&

Diagnostics

(0.67%)

Pacific

Edge

Ltd.

(a) 800,000

93,012

Logistics

Services

(5.83%)

Mainfreight

Ltd.

20,000

809,036

Measurement

Instruments

(3.65%)

ikeGPS

Group

Ltd.

(a) 831,366

505,831

Medical

Devices

(0.46%)

Aroa

Biosurgery

Ltd.

(a) 145,000

63,123

P&C

Insurance

(2.68%)

Tower

Ltd.

320,000

372,048

Packaged

Food

(1.90%)

Sanford

Ltd.

60,000

263,855

Power

Generation

(8.77%)

Contact

Energy

Ltd.

30,000

168,976

Infratil

Ltd.

156,975

1,047,761

1,216,737

Transport

Operations

&

Services

(16.87%)

Port

of

Tauranga

Ltd.

55,000

265,392

Commonwealth

Australia/New

Zealand

Fund

Schedule

of

Investments

(continued)

January

31,

2026

-

(Unaudited)

COMMON

STOCKS

(99.30%)

-

(continued)

Sh

ar

e

s

F

air

V

alu

e

Transport

Operations

&

Services

(16.87%)

-

continued

South

Port

New

Zealand

Ltd.

376,010

$

2,074,849

2,340,241

Total

New

Zealand

8,507,390

United

States

(0.94%)

Fabricated

Metal

&

Hardware

(0.94%)

Reliance

Worldwide

Corp.

Ltd.

50,000

130,947

Total

Common

Stocks

(Cost $7,174,378)

13,772,755

MONEY

MARKET

FUNDS

(0.05%)

Federated

Hermes

Government

Obligations

Fund,

Institutional

Class,

3.54%

(b) 7,356

7,356

Total

Money

Market

Funds

(Cost

$7,356)

7,356

Total

Investments

—

(99.35%)

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$7,181,734)

13,780,111

Other

Assets

in

Excess

of

Liabilities (0.65%)

90,076

NET

ASSETS

—

100.00%

$

13,870,187

(a) Non-income

producing

security.

(b) Rate

disclosed

is

the

seven

day

effective

yield

as

of

January

31,

2026. ADR

-

American

Depositary

Receipt

REIT

-

Real

Estate

Investment

Trust

Africa

Fund

Schedule

of

Investments

January

31,

2026

-

(Unaudited)

COMMON

STOCKS

(92.52%)

Sh

ar

e

s

F

air

V

alu

e

Egypt

(1.80%)

Banks

(1.32%)

Commercial

International

Bank

Egypt

SAE

-

GDR

38,028

$

100,774

Other

Commercial

Support

Services

(0.48%)

Integrated

Diagnostics

Holdings

PLC

59,000

36,580

Total

Egypt

137,354

South

Africa

(84.91%)

Agricultural

Chemicals

(1.91%)

Omnia

Holdings

Ltd.

28,000

146,518

Agricultural

Producers

(3.92%)

Astral

Foods

Ltd.

12,200

206,783

Oceana

Group

Ltd.

28,000

93,600

300,383

Automotive

Retailers

(4.02%)

Bidvest

Group

Ltd.

9,000

130,683

Motus

Holdings

Ltd.

22,500

177,546

308,229

Banks

(17.79%)

Capitec

Bank

Holdings

Ltd.

3,000

808,080

FirstRand

Ltd.

23,200

132,905

Nedbank

Group

Ltd.

6,000

98,555

Standard

Bank

Group

Ltd.

-

ADR

17,300

322,905

1,362,445

Basic

&

Diversified

Chemicals

(0.37%)

Sasol

Ltd.

-

ADR

(a) 4,000

28,480

Building

Construction

(1.70%)

Wilson

Bayly

Holmes-

Ovcon

Ltd.

12,100

130,334

Coal

Mining

(1.49%)

Exxaro

Resources

Ltd.

10,000

114,146

Consumer

Elec

&

Applc

Whslrs

(3.39%)

DataTec

Ltd.

54,575

259,397

Containers

&

Packaging

(1.89%)

Nampak

Ltd.

(a) 4,500

144,857

Food

&

Beverage

Wholesalers

(1.53%)

Bid

Corp.

Ltd.

4,667

116,806

Food

&

Drug

Stores

(1.96%)

Shoprite

Holdings

Ltd.

-

ADR

9,000

150,300

Institutional

Brokerage

(0.80%)

Coronation

Fund

Managers

Ltd.

19,500

61,105

Internet

Media

&

Services

(4.17%)

Naspers

Ltd.,

N

Shares

5,200

319,168

Africa

Fund

Schedule

of

Investments

(continued)

January

31,

2026

-

(Unaudited)

COMMON

STOCKS

(92.52%)

-

(continued)

Sh

ar

e

s

F

air

V

alu

e

Iron

(1.89%)

Kumba

Iron

Ore

Ltd.

6,500

$

144,857

Life

&

Health

Insurance

(2.19%)

Momentum

Metropolitan

Holdings

72,000

167,900

Life

Insurance

(3.33%)

Clientele

Ltd.

90,000

79,671

Discovery

Ltd.

12,000

174,727

254,398

Marine

Shipping

(2.23%)

Grindrod

Ltd.

160,000

170,559

Other

Financial

Services

(1.26%)

Old

Mutual

Ltd.

100,000

96,571

Paper

&

Pulp

Mills

(0.59%)

Sappi

Ltd.

41,000

45,533

Precious

Metals

(12.56%)

Anglo

American

Platinum

Ltd.

1,100

103,504

Gold

Fields

Ltd.

-

ADR

8,200

410,984

Harmony

Gold

Mining

Co.

Ltd.

3,500

78,806

Impala

Platinum

Holdings

Ltd.

12,500

244,522

Sibanye

Stillwater

Ltd.

(a) 27,000

123,318

961,134

Real

Estate

Services

(3.07%)

Vukile

Property

Fund

Ltd.

153,000

234,891

Self-Storage

Owners

&

Developers

(1.86%)

Stor

-Age

Property

REIT

Ltd.

130,000

142,281

Specialty

&

Generic

Pharmaceuticals

(1.22%)

Aspen

Pharmacare

Holdings

Ltd.

14,000

93,184

Specialty

Apparel

Stores

(1.72%)

Mr.

Price

Group

Ltd.

11,900

131,495

Wealth

Management

(3.06%)

Alexander

Forbes

Group

Holdings

Ltd.

170,000

89,978

PSG

Konsult

Ltd.

85,000

144,386

234,364

Wireless

Telecommunications

(4.99%)

MTN

Group

Ltd.

-

ADR

24,500

282,730

Vodacom

Group

Ltd.

10,700

99,728

382,458

Total

South

Africa

6,501,793

United

Kingdom

(5.81%)

Precious

Metals

(5.81%)

AngloGold

Ashanti

PLC

3,000

278,610

Endeavour

Mining

PLC

3,000

166,530

Total

United

Kingdom

445,140

Total

Common

Stocks

(Cost $4,357,742)

7,084,287

Africa

Fund

Schedule

of

Investments

(continued)

January

31,

2026

-

(Unaudited)

SOVEREIGN

BONDS

(1.23%)

P

ri

nc

i

p

al

Amo

u

nt

F

air

V

alu

e

South

Africa

(1.23%)

Republic

of

South

Africa

Government

Bond,

6.25%,

3/8/2041

$

100,000

$

94,006

Total

Sovereign

Bonds

(Cost $91,237)

94,006

MONEY

MARKET

FUNDS

(5.07%)

Sh

ar

e

s

Federated

Hermes

Government

Obligations

Fund,

Institutional

Class,

3.54%

(b) 388,263

388,263

Total

Money

Market

Funds

(Cost

$388,263)

388,263

Total

Investments

—

(98.82%)

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$4,837,242)

7,566,556

Other

Assets

in

Excess

of

Liabilities (1.18%)

90,185

NET

ASSETS

—

100.00%

$

7,656,741

(a) Non-income

producing

security.

(b) Rate

disclosed

is

the

seven

day

effective

yield

as

of

January

31,

2026. ADR

-

American

Depositary

Receipt

GDR

-

Global

Depositary

Receipt

REIT

-

Real

Estate

Investment

Trust

Commonwealth

Japan

Fund

Schedule

of

Investments

January

31,

2026

-

(Unaudited)

COMMON

STOCKS

(98.39%)

Sh

ar

e

s

F

air

V

alu

e

Japan

(98.39%)

Alcoholic

Beverages

(1.51%)

Kirin

Holdings

Co.

Ltd.

7,000

$

108,193

Auto

Parts

(0.93%)

DENSO

Corp.

4,800

66,467

Basic

&

Diversified

Chemicals

(2.20%)

Mitsubishi

Gas

Chemical

Co.,

Inc.

8,000

158,335

Building

Construction

(6.79%)

Kajima

Corp.

11,950

486,463

Building

Maintenance

Services

(1.81%)

Taihei

Dengyo

Kaisha

Ltd.

9,000

130,034

Commercial

&

Residential

Building

Equipment

&

Systems

(1.67%)

Daikin

Industries

Ltd.

1,000

120,089

Commercial

Finance

(5.70%)

Kyushu

Leasing

Service

Co.

Ltd.

13,000

120,793

ORIX

Corp.

9,500

288,143

408,936

Courier

Services

(1.27%)

Yamato

Holdings

Co.

Ltd.

7,000

91,390

Diversified

Industrials

(5.07%)

Hitachi

Ltd.

10,500

363,728

Electrical

Power

Equipment

(4.14%)

Meidensha

Corp.

7,600

296,614

Electronics

Components

(3.97%)

Murata

Manufacturing

Co.

Ltd.

6,500

131,714

Nidec

Corp.

6,300

89,802

Taiyo

Yuden

Co.

Ltd.

3,000

62,826

284,342

Exploration

&

Production

(1.89%)

INPEX

Corp.

6,100

135,709

Factory

Automation

Equipment

(1.69%)

FANUC

Corp.

3,000

121,524

Food

&

Beverage

Wholesalers

(1.31%)

Yamae

Group

Holdings

Co.

Ltd.

5,200

93,846

Food

&

Drug

Stores

(2.41%)

Sugi

Holdings

Company

Ltd.

7,500

172,477

Health

Care

Supplies

(5.13%)

Hoya

Corp.

2,200

367,756

Home

Products

Stores

(1.44%)

Nitori

Holdings

Co.

Ltd.

6,000

102,934

Commonwealth

Japan

Fund

Schedule

of

Investments

(continued)

January

31,

2026

-

(Unaudited)

COMMON

STOCKS

(98.39%)

-

(continued)

Sh

ar

e

s

F

air

V

alu

e

Infrastructure

Construction

(2.01%)

Takada

Corp.

12,000

$

144,301

Integrated

Electric

Utilities

(1.67%)

Kansai

Electric

Power

Co.,

Inc.

(The)

7,500

119,605

IT

Services

(3.35%)

INES

Corp.

10,000

121,155

Otsuka

Corp.

6,000

118,713

239,868

Life

Insurance

(8.42%)

Dai-ichi

Life

Holdings,

Inc.

32,000

279,659

Sony

Financial

Group,

Inc.

-

ADR

15,800

78,526

T&D

Holdings,

Inc.

10,000

245,735

603,920

Logistics

Services

(1.42%)

Nippon

Express

Holdings

Co.

Ltd.

4,500

101,974

Mass

Merchants

(1.18%)

Aeon

Kyushu

Co.

Ltd.

4,500

84,673

Medical

Devices

(6.44%)

Asahi

Intecc

Co.

Ltd.

16,000

265,702

Terumo

Corp.

15,000

195,545

461,247

Multi

Asset

Class

Owners

&

Developers

(4.53%)

Mitsui

Fudosan

Co.

Ltd.

9,000

102,788

Sumitomo

Realty

&

Development

Co.

Ltd.

8,000

222,021

324,809

P&C

Insurance

(4.09%)

Sompo

Holdings,

Inc.

6,900

237,015

Tokio

Marine

Holdings,

Inc.

-

ADR

1,500

55,935

292,950

Personal

Care

Products

(2.64%)

Kao

Corp.

2,000

79,943

Unicharm

Corp.

18,000

109,261

189,204

Semiconductor

Manufacturing

(1.86%)

Tokyo

Electron

Ltd.

500

133,465

Specialty

Apparel

Stores

(3.17%)

Fast

Retailing

Co.

Ltd.

600

227,965

Specialty

Chemicals

(1.39%)

Shin-Etsu

Chemical

Co.

Ltd.

3,000

99,425

Transit

Services

(5.88%)

Daiichi

Koutsu

Sangyo

Co.

Ltd.

12,200

58,335

East

Japan

Railway

Co.

4,500

113,198

Hankyu

Hanshin

Holdings,

Inc.

4,400

122,709

Keikyu

Corp.

6,500

63,841

Commonwealth

Japan

Fund

Schedule

of

Investments

(continued)

January

31,

2026

-

(Unaudited)

COMMON

STOCKS

(98.39%)

-

(continued)

Sh

ar

e

s

F

air

V

alu

e

Transit

Services

(5.88%)

-

continued

Tobu

Railway

Co.

Ltd.

3,600

$

63,435

421,518

Wireless

Telecommunications

(1.41%)

KDDI

Corp.

6,000

101,053

Total

Japan

7,054,814

Total

Common

Stocks

(Cost $3,768,311)

7,054,814

CORPORATE

BONDS

(1.23%)

P

ri

nc

i

p

al

Amo

u

nt

United

States

(1.23%)

American

Honda

Finance

Corp,

1.80%,

1/13/2031

$

100,000

88,381

Total

Corporate

Bonds

(Cost $87,206)

88,381

MONEY

MARKET

FUNDS

(0.23%)

Sh

ar

e

s

Federated

Hermes

Government

Obligations

Fund,

Institutional

Class,

3.54%

(a) 16,654

16,654

Total

Money

Market

Funds

(Cost

$16,654)

16,654

Total

Investments

—

(99.85%)

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$3,872,171)

7,159,849

Other

Assets

in

Excess

of

Liabilities (0.15%)

11,033

NET

ASSETS

—

100.00%

$

7,170,882

(a) Rate

disclosed

is

the

seven

day

effective

yield

as

of

January

31,

2026. ADR

-

American

Depositary

Receipt

REIT

-

Real

Estate

Investment

Trust

Commonwealth

Global

Fund

Schedule

of

Investments

January

31,

2026

-

(Unaudited)

COMMON

STOCKS

(99.59%)

Sh

ar

e

s

F

air

V

alu

e

Denmark

(1.39%)

Large

Pharmaceuticals

(1.39%)

Novo

Nordisk

A/S

-

ADR

4,000

$

237,720

Total

Denmark

237,720

France

(3.89%)

Basic

&

Diversified

Chemicals

(1.10%)

Arkema

S.A.

-

ADR

3,130

188,849

Integrated

Oils

(1.69%)

TotalEnergies

S.E.

-

ADR

4,000

289,600

Water

Utilities

(1.10%)

Veolia

Environnement

S.A.

-

ADR

10,000

187,600

Total

France

666,049

Germany

(6.97%)

Diversified

Industrials

(6.20%)

Siemens

AG

-

ADR

7,000

1,059,240

P&C

Insurance

(0.77%)

Allianz

SE

-

ADR

3,000

132,180

Total

Germany

1,191,420

India

(3.03%)

Banks

(3.03%)

HDFC

Bank

Ltd.

-

ADR

16,000

518,080

Ireland

(0.87%)

Building

Materials

(0.87%)

James

Hardie

Industries

PLC

(a) 6,500

149,435

Israel

(1.68%)

Application

Software

(1.68%)

NICE

Ltd.

-

ADR

2,700

287,307

Japan

(4.49%)

Auto

Parts

(0.79%)

Bridgestone

Corp.

-

ADR

12,000

135,000

Consumer

Electronics

(2.58%)

Sony

Group

Corp.

-

ADR

20,000

442,000

Electronics

Components

(1.00%)

Nidec

Corp.

50,000

170,250

Life

Insurance

(0.12%)

Sony

Financial

Group,

Inc.

-

ADR

4,000

19,880

Total

Japan

767,130

Commonwealth

Global

Fund

Schedule

of

Investments

(continued)

January

31,

2026

-

(Unaudited)

COMMON

STOCKS

(99.59%)

-

(continued)

Sh

ar

e

s

F

air

V

alu

e

Mexico

(1.21%)

Wireless

Telecommunications

(1.21%)

America

Movil

S.A.B.

de

C.V.,

Class

L

-

ADR

10,000

$

207,000

Netherlands

(0.15%)

Packaged

Food

(0.15%)

Magnum

Ice

Cream

Co.

N.V.

(The)

(a) 1,400

24,850

Norway

(3.36%)

P&C

Insurance

(3.36%)

Gjensidige

Forsikring

ASA

-

ADR

20,000

573,800

Panama

(2.39%)

Airlines

(2.39%)

Copa

Holdings,

S.A.,

Class

A

3,000

409,200

South

Africa

(2.34%)

Food

&

Drug

Stores

(2.34%)

Shoprite

Holdings

Ltd.

-

ADR

24,000

400,800

Switzerland

(5.51%)

Large

Pharmaceuticals

(3.98%)

Roche

Holding

AG

-

ADR

12,000

681,000

Packaged

Food

(1.53%)

Nestlé

S.A.

-

ADR

2,750

261,415

Total

Switzerland

942,415

Taiwan

Province

of

China

(3.87%)

Semiconductor

Manufacturing

(3.87%)

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.

-

ADR

2,000

661,120

United

Kingdom

(9.62%)

Alcoholic

Beverages

(1.52%)

Diageo

PLC

-

ADR

2,800

259,840

Large

Pharmaceuticals

(4.07%)

AstraZeneca

PLC

-

ADR

7,500

695,775

Personal

Care

Products

(2.49%)

Unilever

PLC

-

ADR

6,222

425,336

Publishing

(1.54%)

Pearson

PLC

-

ADR

20,000

263,200

Total

United

Kingdom

1,644,151

United

States

(48.82%)

Auto

Parts

(3.16%)

Miller

Industries,

Inc.

13,200

540,804

Automotive

Retailers

(3.46%)

Group

Automotive,

Inc.

1,670

591,614

Commonwealth

Global

Fund

Schedule

of

Investments

(continued)

January

31,

2026

-

(Unaudited)

COMMON

STOCKS

(99.59%)

-

(continued)

Sh

ar

e

s

F

air

V

alu

e

Communications

Equipment

(6.83%)

Apple,

Inc.

4,500

$

1,167,659

Computer

Hardware

&

Storage

(3.94%)

NetApp,

Inc.

7,000

674,450

Construction

&

Mining

Machinery

(3.08%)

Caterpillar,

Inc.

800

525,888

Diversified

Banks

(3.76%)

JPMorgan

Chase

&

Co.

2,100

642,369

Household

Products

(2.75%)

Procter

&

Gamble

Co.

(The)

3,100

470,487

Infrastructure

Software

(5.06%)

CrowdStrike

Holdings,

Inc.,

Class

A

(a) 500

220,703

Microsoft

Corp.

1,500

645,434

866,137

Integrated

Electric

Utilities

(1.29%)

American

Electric

Power

Co.,

Inc.

500

59,888

Southern

Co.

(The)

1,800

160,758

220,646

Integrated

Oil

&

Gas

(3.62%)

Chevron

Corp.

3,500

619,150

Interactive

Media

&

Services

(0.99%)

Alphabet,

Inc.,

Class

C

500

169,265

Life

Science

&

Diagnostics

(3.38%)

Thermo

Fisher

Scientific,

Inc.

1,000

578,610

Oilfield

Services

&

Equipment

(1.42%)

Natural

Gas

Services

Group,

Inc.

(a) 7,000

242,480

Online

Marketplace

(2.10%)

Amazon.com,

Inc.

(a) 1,500

358,950

Rail

Freight

(2.72%)

Norfolk

Southern

Corp.

1,600

465,984

Waste

Management

(1.26%)

Republic

Services,

Inc.

1,000

215,090

Total

United

States

8,349,583

Total

Common

Stocks

(Cost $6,904,960)

17,030,060

Commonwealth

Global

Fund

Schedule

of

Investments

(continued)

January

31,

2026

-

(Unaudited)

MONEY

MARKET

FUNDS

(0.14%)

Sh

ar

e

s

F

air

V

alu

e

Federated

Hermes

Government

Obligations

Fund,

Institutional

Class,

3.54%

(b) 24,628

$

24,628

Total

Money

Market

Funds

(Cost

$24,628)

24,628

Total

Investments

—

(99.73%)

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$6,929,588)

17,054,688

Other

Assets

in

Excess

of

Liabilities (0.27%)

46,356

NET

ASSETS

—

100.00%

$

17,101,044

(a) Non-income

producing

security.

(b) Rate

disclosed

is

the

seven

day

effective

yield

as

of

January

31,

2026. ADR

-

American

Depositary

Receipt

REIT

-

Real

Estate

Investment

Trust

Commonwealth

Real

Estate

Securities

Fund

Schedule

of

Investments

January

31,

2026

-

(Unaudited)

COMMON

STOCKS

(95.88%)

Sh

ar

e

s

F

air

V

alu

e

Agricultural

Producers

(0.70%)

BrasilAgro

-

Company

Brasileira

de

Propriedades

Agricolas

-

ADR

27,432

$

110,277

Banks

(2.94%)

Harleysville

Financial

Corp.

8,675

222,167

Third

Coast

Bancshares,

Inc.

(a) 6,000

243,360

465,527

Base

Metals

(1.36%)

Teck

Resources

Ltd.,

Class

B

4,000

215,040

Building

Construction

(3.07%)

Kajima

Corp.

-

ADR

11,900

487,698

Building

Materials

(8.96%)

James

Hardie

Industries

PLC

(a) 25,000

574,750

Tecnoglass

,

Inc.

17,334

847,806

1,422,556

Cement

&

Aggregates

(4.29%)

Cemex

S.A.B.

de

C.V.

-

ADR

30,000

374,400

CRH

PLC

2,500

306,025

680,425

Commercial

&

Residential

Building

Equipment

&

Systems

(5.31%)

Lennox

International,

Inc.

1,700

841,636

Data

Center

REITs

(4.56%)

Digital

Realty

Trust,

Inc.

3,368

558,920

Equinix,

Inc.

164,186

723,106

Home

Products

Stores

(4.38%)

Lowe's

Cos.,

Inc.

2,600

694,356

Homebuilding

(8.37%)

D.R.

Horton,

Inc.

4,000

595,359

Lennar

Corp.,

Class

A

3,200

349,920

NVR,

Inc.

(a) 50

381,787

1,327,066

Hotel

REITs

(1.65%)

Host

Hotels

&

Resorts,

Inc.

8,000

148,240

Ryman

Hospitality

Properties,

Inc.

1,200

113,640

261,880

Hotels

Resorts

&

Cruise

Lines

(5.28%)

InterContinental

Hotels

Group

PLC

-

ADR

6,103

837,576

Industrial

Machinery

(2.37%)

Techtronic

Industries

Co.

Ltd.

-

ADR

5,500

375,265

Industrial

REITs

(5.93%)

Hannon

Armstrong

Sustainable

Infrastructure

Capital,

Inc.

13,200

454,212

Prologis,

Inc.

2,000

261,120

Commonwealth

Real

Estate

Securities

Fund

Schedule

of

Investments

(continued)

January

31,

2026

-

(Unaudited)

COMMON

STOCKS

(95.88%)

-

continued

Sh

ar

e

s

F

air

V

alu

e

Industrial

REITs

(5.93%)

-

continued

STAG

Industrial,

Inc.

6,000

$

225,060

940,392

Infrastructure

REITs

(6.24%)

American

Tower

Corp.,

Class

A

2,500

448,200

Crown

Castle

International

Corp.

2,000

173,620

SBA

Communications

Corp.,

Class

A

2,000

368,220

990,040

Mortgage

Finance

(0.90%)

Starwood

Property

Trust,

Inc.

8,000

143,440

Multi

Asset

Class

REITs

(1.96%)

WP

Carey,

Inc.

4,470

311,783

Residential

Owners

&

Developers

(1.78%)

Cyrela

Brazil

Realty

S.A.

-

ADR

44,000

281,600

Residential

REITs

(3.67%)

AvalonBay

Communities,

Inc.

2,000

355,340

Millrose

Properties,

Inc.

7,600

226,480

581,820

Retail

REITs

(3.59%)

Kite

Realty

Group

Trust

9,000

211,410

National

Retail

Properties,

Inc.

4,000

166,680

Simon

Property

Group,

Inc.

1,000

191,310

569,400

Self-Storage

REITs

(5.15%)

Extra

Space

Storage,

Inc.

2,500

344,925

Global

Self

Storage,

Inc.

39,000

196,170

Public

Storage

1,000

276,190

817,285

Specialized

REITs

(6.55%)

Charter

Hall

Education

Trust

99,140

200,945

Gladstone

Land

Corp.

15,700

175,055

Iron

Mountain,

Inc.

7,200

663,336

1,039,336

Timber

REITs

(2.96%)

PotlatchDeltic

Corp.

6,000

250,380

Weyerhaeuser

Co.

8,500

219,130

469,510

Transport

Operations

&

Services

(3.91%)

Grupo

Aeroportuario

del

Sureste

S.A.B.

de

C.V.

-

ADR

1,800

621,233

Total

Common

Stocks

(Cost $7,330,846)

15,208,247

U.S.

GOVERNMENT

&

AGENCIES

(3.53%)

P

ri

nc

i

p

al

Amo

u

nt

Federal

National

Mortgage

Association,

0.88 %

,

8/5/2030

$

200,000

176,538

Commonwealth

Real

Estate

Securities

Fund

Schedule

of

Investments

(continued)

January

31,

2026

-

(Unaudited)

U.S.

GOVERNMENT

&

AGENCIES

(3.53%)

-

continued

P

ri

nc

i

p

al

Amo

u

nt

F

air

V

alu

e

United

States

Treasury

Note,

3.38 %

,

5/15/2033

$

400,000

$

383,141

Total

U.S.

Government

&

Agencies

(Cost $556,017)

559,679

MONEY

MARKET

FUNDS

(2.57%)

Sh

ar

e

s

Federated

Hermes

Government

Obligations

Fund,

Institutional

Class,

3.54%

(b) 407,162

407,162

Total

Money

Market

Funds

(Cost

$407,162)

407,162

Total

Investments

—

(101.98%)

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$8,294,025)

16,175,088

Liabilities

in

Excess

of

Other

Assets (-1.98%)

(313,987)

NET

ASSETS

—

100.00%

$

15,861,101

(a) Non-income

producing

security.

(b) Rate

disclosed

is

the

seven

day

effective

yield

as

of

January

31,

2026. ADR

-

American

Depositary

Receipt

REIT

-

Real

Estate

Investment

Trust

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Commonwealth International Series Trust

- **b. Investment Company Act file number:** 811-04665

- **c. CIK number of Registrant:** 0000793601

- **d. LEI of Registrant:** 549300SK6CMC1ZJBF844

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 791 Town & Country Blvd.

  - **City:** Houston

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 77024

  - **Telephone number:** 888-345-1898

**Item A.2. Information about the Series.**

- **a. Name of Series:** AFRICA FUND

- **b. EDGAR series identifier (if any):** S000034335

- **c. LEI of Series:** 549300G6KP8J7UOYGT78

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $7624788.57

**Total Liabilities:** $13179.51

**Net Assets:** $7611609.06

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000105717 | 4.85%                | 7.14%                | 4.92%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $277042.41                                 |
| Month 2  | $-0.13                   | $430518.50                                 |
| Month 3  | $0.00                    | $317013.74                                 |

### Schedule of Portfolio Investments

| Name                                      | Title                                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Gold Fields Ltd                           | Gold Fields Ltd.                                       | CUSIP: 38059T106<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |      8200 | NS      | $410984.00    | 5.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial International Bank (Egypt) SAE | Commercial International Bank - Egypt (CIB)            | CUSIP: 201712205<br>LEI: 213800FIIXJAMEVRIH48 | Long             | EC               | CORP              | EG        |     38028 | NS      | $100774.20    | 1.32%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Money Market Obligations Trust            | Federated Hermes Government Obligations Fund           | CUSIP: 60934N104<br>LEI: 25490005VWJDWX717014 | Long             | STIV             | RF                | US        |    388263 | PA      | $388262.54    | 5.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Bidvest Group Ltd.                        | Bidvest Group Ltd.                                     | CUSIP: S1201R162<br>LEI: 5299002ARE4TRMIRGM72 | Long             | EC               | CORP              | ZA        |      9000 | NS      | $130682.99    | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Datatec Ltd                               | DataTec Ltd.                                           | CUSIP: S2100Z123<br>LEI: 213800AA36MIN5FWKV02 | Long             | EC               | CORP              | ZA        |     54575 | NS      | $259396.71    | 3.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Discovery Limited                         | Discovery Ltd.                                         | CUSIP: S2192Y109<br>LEI: 378900245A26169C8132 | Long             | EC               | CORP              | ZA        |     12000 | NS      | $174726.85    | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnia Holdings Ltd.                       | Omnia Holdings Ltd.                                    | CUSIP: S58080102<br>LEI: 529900T6L5CEOP1PNP91 | Long             | EC               | CORP              | ZA        |     28000 | NS      | $146518.18    | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| MTN Group Ltd                             | MTN Group Ltd.                                         | CUSIP: 62474M108<br>LEI: 2549009JD6Q6XHZS5E05 | Long             | EC               | CORP              | ZA        |     24500 | NS      | $282730.00    | 3.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Astral Foods                              | Astral Foods Ltd.                                      | CUSIP: S0752H102<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |     12200 | NS      | $206783.50    | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmony Gold Mining Co Ltd                | Harmony Gold Mining Company Ltd.                       | CUSIP: S34320101<br>LEI: 378900986D05F0C29811 | Long             | EC               | CORP              | ZA        |      3500 | NS      | $78805.74     | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxaro Resources Ltd.                     | Exxaro Resources Ltd.                                  | CUSIP: S26949107<br>LEI: 378900BC3D9BFF4E4A37 | Long             | EC               | CORP              | ZA        |     10000 | NS      | $114145.81    | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Capitec Bank Holdings Ltd                 | Capitec Bank Holdings Ltd.                             | CUSIP: S15445109<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |      3000 | NS      | $808081.02    | 10.62%            |  |  |  | No            |                  1 | On Loan: No      |
| Firstrand Ltd                             | FirstRand Ltd.                                         | CUSIP: S5202Z131<br>LEI: 529900XYOP8CUZU7R671 | Long             | EC               | CORP              | ZA        |     23200 | NS      | $132904.62    | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Coronation Fund Managers Ltd.             | Coronation Fund Managers Ltd.                          | CUSIP: S19537109<br>LEI: 3789001BC9A294E6FF77 | Long             | EC               | CORP              | ZA        |     19500 | NS      | $61105.37     | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Nedbank Group Ltd                         | Nedbank Group Ltd.                                     | CUSIP: S5518R104<br>LEI: 3789009E42FA3CB31065 | Long             | EC               | CORP              | ZA        |      6000 | NS      | $98554.53     | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Oceana Group Ltd.                         | Oceana Group Ltd.                                      | CUSIP: S57090102<br>LEI: 378900F056B8F0D7F416 | Long             | EC               | CORP              | ZA        |     28000 | NS      | $93599.69     | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Wilson Bayly Holmes-Ovcon Ltd             | Wilson Bayly Holmes-Ovcon Ltd.                         | CUSIP: S5923H105<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |     12100 | NS      | $130333.85    | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Valterra Platinum Ltd.                    | Valterra Platinum Ltd.                                 | CUSIP: S9122P108<br>LEI: 529900RORCZ0E5S5FX81 | Long             | EC               | CORP              | ZA        |      1100 | NS      | $103504.42    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Sappi Limited                             | Sappi Ltd.                                             | CUSIP: S73544108<br>LEI: 549300SSI7XQH8ESJG95 | Long             | EC               | CORP              | ZA        |     41000 | NS      | $45533.28     | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Sasol Ltd.                                | Sasol Ltd.                                             | CUSIP: 803866300<br>LEI: 378900F4544561A97588 | Long             | EC               | CORP              | ZA        |      4000 | NS      | $28480.00     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoprite Holdings Ltd.                    | Shoprite Holdings Ltd.                                 | CUSIP: 82510E209<br>LEI: 529900Q4O1EYP6NH5150 | Long             | EC               | CORP              | ZA        |      9000 | NS      | $150300.00    | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| South Africa (Republic of)                | Republic of South Africa Government International Bond | CUSIP: 836205AP9<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    100000 | PA      | $94006.20     | 1.24%             | 2041-03-08      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Standard Bank Group Ltd.                  | Standard Bank Group Ltd.                               | CUSIP: 853118206<br>LEI: 2549003PEZXUT7MDBU41 | Long             | EC               | CORP              | ZA        |     17300 | NS      | $322904.50    | 4.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Aspen Pharmacare Holdings Ltd.            | Aspen Pharmacare Holdings Ltd.                         | CUSIP: S0754A105<br>LEI: 635400ZYSN1IRD5QWQ94 | Long             | EC               | CORP              | ZA        |     14000 | NS      | $93183.69     | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Grindrod Limited                          | Grindrod Ltd.                                          | CUSIP: S3302L128<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |    160000 | NS      | $170559.43    | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Impala Platinum Holdings Ltd              | Impala Platinum Holdings Ltd.                          | CUSIP: S37840113<br>LEI: 254900BZFIFB4PD2Z778 | Long             | EC               | CORP              | ZA        |     12500 | NS      | $244522.99    | 3.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Kumba Iron Ore Ltd                        | Kumba Iron Ore Ltd.                                    | CUSIP: S4341C103<br>LEI: 3789006C753402643048 | Long             | EC               | CORP              | ZA        |      6500 | NS      | $144856.66    | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Clientele                                 | Clientele Ltd.                                         | CUSIP: S1785E108<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |     90000 | NS      | $79671.16     | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Vodacom Group Limited                     | Vodacom Group Ltd.                                     | CUSIP: S9453B108<br>LEI: 37890012A8DC24B8D663 | Long             | EC               | CORP              | ZA        |     10700 | NS      | $99727.74     | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Motus Holdings Ltd                        | Motus Holdings Ltd.                                    | CUSIP: S5252J102<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |     22500 | NS      | $177546.91    | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Mutual Ltd                            | Old Mutual Ltd.                                        | CUSIP: S5790B132<br>LEI: 213800MON84ZWWPQCN47 | Long             | EC               | CORP              | ZA        |    100000 | NS      | $96571.11     | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Momentum Group Ltd.                       | Momentum Group Ltd.                                    | CUSIP: S5S757103<br>LEI: 98450051AABCKEC84814 | Long             | EC               | CORP              | ZA        |     72000 | NS      | $167900.01    | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Sibanye-Stillwater Limited                | Sibanye Stillwater Ltd.                                | CUSIP: S7627K103<br>LEI: 378900F238434B74D281 | Long             | EC               | CORP              | ZA        |     27000 | NS      | $123317.59    | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Integrated Diagnostics Holdings Plc       | Integrated Diagnostics Holdings plc                    | CUSIP: G4836Q115<br>LEI: 2138007JN9NUWKKTS790 | Long             | EC               | CORP              | EG        |     59000 | NS      | $36580.00     | 0.48%             |  |  |  | Yes           |                  1 | On Loan: No      |
| PSG Financial Services Ltd.               | PSG Financial Services Ltd.                            | CUSIP: S6S18X104<br>LEI: 378900E99AFDC02B0F23 | Long             | EC               | CORP              | ZA        |     85000 | NS      | $144386.19    | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexander Forbes                          | Alexander Forbes Group Holdings Ltd.                   | CUSIP: S0R00C104<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |    170000 | NS      | $89978.27     | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Nampak Ltd                                | Nampak Ltd.                                            | CUSIP: S5326R122<br>LEI: 3789003820EC27C76729 | Long             | EC               | CORP              | ZA        |      4500 | NS      | $144856.66    | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Vukile Property Fund Limited              | Vukile Property Fund Ltd.                              | CUSIP: S9468N170<br>LEI: 549300BDQAETROOTKO37 | Long             | EC               | CORP              | ZA        |    153000 | NS      | $234890.65    | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Naspers Limited                           | Naspers Ltd.                                           | CUSIP: S53435129<br>LEI: 21380044BQ8812EEKT59 | Long             | EC               | CORP              | ZA        |      5200 | NS      | $319167.51    | 4.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Stor-Age Property Reit Limited            | Stor-Age Property REIT Ltd.                            | CUSIP: S8T34K107<br>LEI: 378900F5910D22484890 | Long             | EC               | CORP              | ZA        |    130000 | NS      | $142281.43    | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Mr Price Group Ltd.                       | Mr Price Group Ltd.                                    | CUSIP: S5256M135<br>LEI: 378900D3417C35C5D733 | Long             | EC               | CORP              | ZA        |     11900 | NS      | $131494.56    | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Bid Corporation Limited                   | Bid Corp Ltd.                                          | CUSIP: S11881109<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |      4667 | NS      | $116805.73    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglogold Ashanti PLC                     | Anglogold Ashanti plc                                  | CUSIP: G0378L100<br>LEI: 2138005YDSA7A82RNU96 | Long             | EC               | CORP              | GB        |      3000 | NS      | $278610.00    | 3.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Endeavour Mining PLC                      | Endeavour Mining plc                                   | CUSIP: G3042J105<br>LEI: 529900NI5MXQ91GHXR07 | Long             | EC               | CORP              | GB        |      3000 | NS      | $166530.00    | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-31

**Name of Applicant:** Commonwealth International Series Trust

**Signature:** Zachary Richmond

**Name of Signer:** Zachary Richmond

**Title:** Treasurer