# EDGAR Filing Document

**Accession Number:** 0000793601
**File Stem:** 0000910472-25-001912
**Filing Date:** 2025-9
**Character Count:** 41795
**Document Hash:** 9b9eb0d0c0934442e3025bd20b899102
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-001912.hdr.sgml**: 20250929

**ACCESSION NUMBER**: 0000910472-25-001912

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250929

**DATE AS OF CHANGE**: 20250929

**PERIOD START**: 20251031

**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:** 251355035

**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

### Commonwealth Global Fund (Series ID: S000004493)

| Class ID   | Class Name               | Ticker Symbol   |
|:---|:---|:---|
| C000012362 | Commonwealth Global Fund | CNGLX           |

## Nport-Ex

Commonwealth

Australia/New

Zealand

Fund

Schedule

of

Investments

July

31,

2025

-

(Unaudited)

COMMON

STOCKS

(96

.49

%)

Sh

ar

e

s

F

air

V

alu

e

Australia

(39

.45

%)

Biotech

(3

.32

%)

CSL

Ltd.

2,500

$

432,504

Containers

&

Packaging

(5

.43

%)

Brambles

Ltd.

46,216

707,152

Data

Center

REITs

(0

.48

%)

DigiCompany

Infrastructure

REIT

(a) 30,000

63,129

Diversified

Banks

(1

.65

%)

Macquarie

Group

Ltd.

1,552

214,951

Environmental

&

Facilities

Services

(1

.76

%)

Cleanaway

Waste

Management

Ltd.

124,496

229,459

Exploration

&

Production

(1

.30

%)

Woodside

Energy

Group

Ltd.

-

ADR

10,000

169,300

Gas

Utilities

(1

.84

%)

APA

Group

44,549

239,626

Health

Care

Facilities

(0

.73

%)

Ramsay

Health

Care

Ltd.

3,816

94,473

Health

Care

Services

(2

.49

%)

Sonic

Healthcare

Ltd.

18,382

324,638

Industrial

REITs

(0

.52

%)

Goodman

Group

3,000

67,082

Information

Technology

(0

.49

%)

NEXTDC

Ltd.

(a) 7,000

64,463

Infrastructure

Software

(0

.32

%)

xReality

Group

Ltd.

(a) 2,000,000

41,122

Internet

Media

&

Services

(1

.25

%)

Webjet

Ltd.

(a) 57,000

162,763

Iron

(0

.89

%)

BHP

Group

Ltd.

-

ADR

2,300

116,541

Logistics

Services

(3

.29

%)

Qube

Holdings

Ltd.

153,645

428,498

Medical

Devices

(2

.74

%)

Cochlear

Ltd.

1,750

357,304

Mineral

&

Precious

Stone

Mining

(2

.63

%)

Lynas

Rare

Earth

Ltd.

-

ADR

(a) 49,800

341,628

P&C

Insurance

(2

.37

%)

QBE

Insurance

Group

Ltd.

16,915

250,947

Suncorp

Group

Ltd.

4,300

57,646

308,593

Commonwealth

Australia/New

Zealand

Fund

Schedule

of

Investments

(continued)

July

31,

2025

-

(Unaudited)

COMMON

STOCKS

(96.49%)

-

(continued)

Sh

ar

e

s

F

air

V

alu

e

Retail

REITs

(1

.04

%)

Scentre

Group

Ltd.

56,509

$

135,253

Transport

Operations

&

Services

(1

.09

%)

Transurban

Group

16,088

142,390

Wireless

Telecommunications

(3

.82

%)

Telstra

Corp.

Ltd.

155,948

497,069

Total

Australia

5,137,938

New

Zealand

(55

.98

%)

Alcoholic

Beverages

(0

.38

%)

Delegat

Group

Ltd.

21,456

49,378

Courier

Services

(5

.22

%)

Freightways

Ltd.

103,540

679,491

Flow

Control

Equipment

(3

.23

%)

Skellerup

Holdings

Ltd.

150,000

420,996

Food

&

Drug

Stores

(0

.75

%)

Green

Cross

Health

Ltd.

211,796

98,225

Health

Care

Facilities

(3

.77

%)

Oceania

Healthcare

Ltd.

(a) 457,544

185,548

Ryman

Healthcare

Ltd.

(a) 207,600

305,246

490,794

Health

Care

Supply

Chain

(0

.56

%)

AFT

Pharmaceuticals

Ltd.

46,000

73,111

Home

Products

Stores

(5

.06

%)

Briscoe

Group

Ltd.

183,520

658,411

Life

Science

&

Diagnostics

(0

.36

%)

Pacific

Edge

Ltd.

(a) 800,000

47,083

Logistics

Services

(5

.35

%)

Mainfreight

Ltd.

20,000

697,372

Measurement

Instruments

(3

.76

%)

ikeGPS

Group

Ltd.

(a) 831,366

490,223

Medical

Devices

(0

.45

%)

Aroa

Biosurgery

Ltd.

(a) 145,000

58,681

P&C

Insurance

(2

.52

%)

Tower

Ltd.

320,000

327,751

Packaged

Food

(1

.55

%)

Sanford

Ltd.

60,000

201,836

Power

Generation

(8

.23

%)

Infratil

Ltd.

156,975

1,072,161

Transport

Operations

&

Services

(14

.79

%)

Port

of

Tauranga

Ltd.

55,000

225,489

Commonwealth

Australia/New

Zealand

Fund

Schedule

of

Investments

(continued)

July

31,

2025

-

(Unaudited)

COMMON

STOCKS

(96.49%)

-

(continued)

Sh

ar

e

s

F

air

V

alu

e

Transport

Operations

&

Services

(14.79%)

-

continued

South

Port

New

Zealand

Ltd.

376,010

$

1,700,396

1,925,885

Total

New

Zealand

7,291,398

United

States

(1

.06

%)

Fabricated

Metal

&

Hardware

(1

.06

%)

Reliance

Worldwide

Corp.

Ltd.

50,000

137,464

Total

United

States

137,464

Total

Common

Stocks

(Cost $7,169,353)

12,566,800

MONEY

MARKET

FUNDS

(1

.02

%)

Federated

Hermes

Government

Obligations

Fund,

Institutional

Class,

4.19%

(b) 133,367

133,367

Total

Money

Market

Funds

(Cost

$133,367)

133,367

Total

Investments

—

(97.51%)

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

$7,302,720)

12,700,167

Other

Assets

in

Excess

of

Liabilities (2.49%)

324,222

NET

ASSETS

—

100.00%

$

13,024,389

(a) Non-income

producing

security.

(b) Rate

disclosed

is

the

seven

day

effective

yield

as

of

July

31,

2025. ADR

-

American

Depositary

Receipt

REIT

-

Real

Estate

Investment

Trust

Africa

Fund

Schedule

of

Investments

July

31,

2025

-

(Unaudited)

COMMON

STOCKS

(95

.22

%)

Sh

ar

e

s

F

air

V

alu

e

Egypt

(1

.83

%)

Banks

(1

.39

%)

Commercial

International

Bank

Egypt

SAE

-

GDR

34,571

$

66,083

Other

Commercial

Support

Services

(0

.44

%)

Integrated

Diagnostics

Holdings

PLC

(a) 59,000

20,810

Total

Egypt

86,893

South

Africa

(88

.56

%)

Agricultural

Producers

(3

.90

%)

Astral

Foods

Ltd.

12,200

116,199

Oceana

Group

Ltd.

24,000

68,842

185,041

Automotive

Retailers

(5

.95

%)

Barloworld

Ltd.

7,900

50,444

Bidvest

Group

Ltd.

9,000

117,090

Motus

Holdings

Ltd.

22,500

115,053

282,587

Banks

(18

.60

%)

Capitec

Bank

Holdings

Ltd.

3,000

581,602

FirstRand

Ltd.

23,200

98,530

Nedbank

Group

Ltd.

6,000

81,887

Standard

Bank

Group

Ltd.

-

ADR

9,400

121,918

883,937

Basic

&

Diversified

Chemicals

(0

.43

%)

Sasol

Ltd.

-

ADR

(a) 4,000

20,480

Building

Construction

(2

.43

%)

Wilson

Bayly

Holmes-Ovcon

Ltd.

12,100

115,185

Coal

Mining

(1

.84

%)

Exxaro

Resources

Ltd.

10,000

87,259

Consumer

Elec

&

Applc

Whslrs

(3

.66

%)

DataTec

Ltd.

52,975

173,603

Food

&

Beverage

Wholesalers

(2

.47

%)

Bid

Corp.

Ltd.

4,667

117,329

Food

&

Drug

Stores

(2

.81

%)

Shoprite

Holdings

Ltd.

-

ADR

9,000

133,470

Institutional

Brokerage

(0

.93

%)

Coronation

Fund

Managers

Ltd.

19,500

44,042

Internet

Media

&

Services

(6

.75

%)

Naspers

Ltd.,

N

Shares

1,040

321,060

Life

&

Health

Insurance

(2

.87

%)

Momentum

Metropolitan

Holdings

72,000

136,449

Life

Insurance

(4

.31

%)

Clientele

Ltd.

90,000

62,581

Africa

Fund

Schedule

of

Investments

(continued)

July

31,

2025

-

(Unaudited)

COMMON

STOCKS

(95.22%)

-

(continued)

Sh

ar

e

s

F

air

V

alu

e

Life

Insurance

(4.31%)

-

continued

Discovery

Ltd.

12,000

$

142,313

204,894

Marine

Shipping

(2

.14

%)

Grindrod

Ltd.

160,000

101,654

Other

Financial

Services

(1

.48

%)

Old

Mutual

Ltd.

100,000

70,140

Paper

&

Pulp

Mills

(0

.80

%)

Sappi

Ltd.

25,000

37,891

Precious

Metals

(8

.93

%)

Anglo

American

Platinum

Ltd.

1,100

49,406

Gold

Fields

Ltd.

-

ADR

8,200

199,752

Impala

Platinum

Holdings

Ltd.

(a) 12,500

118,153

Sibanye

Stillwater

Ltd.

(a) 27,000

56,794

424,105

Real

Estate

Services

(3

.03

%)

Vukile

Property

Fund

Ltd.

128,000

143,725

Self-Storage

Owners

&

Developers

(2

.40

%)

Stor-Age

Property

REIT

Ltd.

130,000

113,763

Specialty

&

Generic

Pharmaceuticals

(1

.08

%)

Aspen

Pharmacare

Holdings

Ltd.

8,000

51,351

Specialty

Apparel

Stores

(2

.89

%)

Mr.

Price

Group

Ltd.

11,900

137,717

Wealth

Management

(3

.97

%)

Alexander

Forbes

Group

Holdings

Ltd.

170,000

79,133

PSG

Konsult

Ltd.

85,000

109,523

188,656

Wireless

Telecommunications

(4

.89

%)

MTN

Group

Ltd.

-

ADR

18,000

150,777

Vodacom

Group

Ltd.

10,700

81,469

232,246

Total

South

Africa

4,206,584

United

Kingdom

(4

.83

%)

Precious

Metals

(4

.83

%)

AngloGold

Ashanti

PLC

3,000

138,750

Endeavour

Mining

PLC

3,000

90,630

229,380

Total

United

Kingdom

229,380

Total

Common

Stocks

(Cost $3,571,789)

4,522,857

Africa

Fund

Schedule

of

Investments

(continued)

July

31,

2025

-

(Unaudited)

SOVEREIGN

BONDS

(1

.84

%)

P

ri

nc

i

p

al

Amo

u

nt

F

air

V

alu

e

South

Africa

(1.84%)

Republic

of

South

Africa

Government

Bond,

6.25%,

3/8/2041

$

100,000

$

87,372

Total

Sovereign

Bonds

(Cost $91,074)

87,372

MONEY

MARKET

FUNDS

(2

.85

%)

Sh

ar

e

s

Federated

Hermes

Government

Obligations

Fund,

Institutional

Class,

4.19%

(b) 135,195

135,195

Total

Money

Market

Funds

(Cost

$135,195)

135,195

Total

Investments

—

(99.91%)

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

$3,798,058)

4,745,424

Other

Assets

in

Excess

of

Liabilities (0.09%)

4,146

NET

ASSETS

—

100.00%

$

4,749,570

(a) Non-income

producing

security.

(b) Rate

disclosed

is

the

seven

day

effective

yield

as

of

July

31,

2025. ADR

-

American

Depositary

Receipt

GDR

-

Global

Depositary

Receipt

REIT

-

Real

Estate

Investment

Trust

Commonwealth

Japan

Fund

Schedule

of

Investments

July

31,

2025

-

(Unaudited)

COMMON

STOCKS

(96

.64

%)

Sh

ar

e

s

F

air

V

alu

e

Japan

(95

.59

%)

Alcoholic

Beverages

(1

.39

%)

Kirin

Holdings

Co.

Ltd.

7,000

$

92,249

Auto

Parts

(0

.98

%)

DENSO

Corp.

4,800

65,127

Automobiles

(1

.89

%)

Toyota

Motor

Corp.

-

ADR

700

125,279

Basic

&

Diversified

Chemicals

(2

.09

%)

Mitsubishi

Gas

Chemical

Co.,

Inc.

8,000

138,209

Building

Construction

(4

.86

%)

Kajima

Corp.

12,850

321,918

Building

Maintenance

Services

(1

.95

%)

Taihei

Dengyo

Kaisha

Ltd.

3,000

128,988

Commercial

&

Residential

Building

Equipment

&

Systems

(1

.85

%)

Daikin

Industries

Ltd.

1,000

122,962

Commercial

Finance

(4

.83

%)

Kyushu

Leasing

Service

Co.

Ltd.

13,000

107,162

ORIX

Corp.

9,500

213,410

320,572

Consumer

Electronics

(1

.47

%)

Sony

Group

Corp.

-

ADR

4,000

97,280

Courier

Services

(1

.53

%)

Yamato

Holdings

Co.

Ltd.

7,000

101,220

Diversified

Industrials

(4

.85

%)

Hitachi

Ltd.

10,500

321,324

Electrical

Power

Equipment

(4

.32

%)

Meidensha

Corp.

7,600

286,243

Electronics

Components

(3

.34

%)

Murata

Manufacturing

Co.

Ltd.

3,000

44,655

Nidec

Corp.

6,300

120,879

Taiyo

Yuden

Co.

Ltd.

3,000

56,053

221,587

Exploration

&

Production

(1

.31

%)

INPEX

Corp.

6,100

86,861

Factory

Automation

Equipment

(1

.26

%)

FANUC

Corp.

3,000

83,515

Food

&

Beverage

Wholesalers

(1

.35

%)

Yamae

Group

Holdings

Co.

Ltd.

5,200

89,327

Food

&

Drug

Stores

(2

.74

%)

Sugi

Holdings

Company

Ltd.

7,500

181,519

Commonwealth

Japan

Fund

Schedule

of

Investments

(continued)

July

31,

2025

-

(Unaudited)

COMMON

STOCKS

(96.64%)

-

(continued)

Sh

ar

e

s

F

air

V

alu

e

Health

Care

Supplies

(4

.18

%)

Hoya

Corp.

2,200

$

277,573

Home

Products

Stores

(1

.53

%)

Nitori

Holdings

Co.

Ltd.

1,200

101,630

Infrastructure

Construction

(1

.90

%)

Takada

Corp.

12,000

126,206

Integrated

Electric

Utilities

(1

.36

%)

Kansai

Electric

Power

Co.,

Inc.

(The)

7,500

90,053

IT

Services

(3

.48

%)

INES

Corp.

10,000

116,907

Otsuka

Corp.

6,000

113,689

230,596

Life

Insurance

(7

.49

%)

Dai-ichi

Life

Holdings,

Inc.

32,000

253,204

T&D

Holdings,

Inc.

10,000

244,200

497,404

Logistics

Services

(1

.49

%)

Nippon

Express

Holdings

Co.

Ltd.

4,500

98,857

Mass

Merchants

(1

.35

%)

Aeon

Kyushu

Co.

Ltd.

4,500

89,712

Medical

Devices

(7

.59

%)

Asahi

Intecc

Co.

Ltd.

16,000

249,007

Terumo

Corp.

15,000

254,373

503,380

Multi

Asset

Class

Owners

&

Developers

(3

.42

%)

Mitsui

Fudosan

Co.

Ltd.

9,000

80,449

Sumitomo

Realty

&

Development

Co.

Ltd.

4,000

146,124

226,573

P&C

Insurance

(4

.29

%)

Sompo

Holdings,

Inc.

6,900

203,471

Tokio

Marine

Holdings,

Inc.

-

ADR

2,000

80,900

284,371

Personal

Care

Products

(3

.23

%)

Kao

Corp.

2,000

89,998

Unicharm

Corp.

18,000

124,515

214,513

Semiconductor

Manufacturing

(1

.20

%)

Tokyo

Electron

Ltd.

500

79,494

Specialty

Apparel

Stores

(2

.76

%)

Fast

Retailing

Co.

Ltd.

600

183,027

Specialty

Chemicals

(1

.30

%)

Shin-Etsu

Chemical

Co.

Ltd.

3,000

86,335

Transit

Services

(6

.02

%)

Daiichi

Koutsu

Sangyo

Co.

Ltd.

12,200

60,569

Commonwealth

Japan

Fund

Schedule

of

Investments

(continued)

July

31,

2025

-

(Unaudited)

COMMON

STOCKS

(96.64%)

-

(continued)

Sh

ar

e

s

F

air

V

alu

e

Transit

Services

(6.02%)

-

continued

East

Japan

Railway

Co.

4,500

$

96,459

Hankyu

Hanshin

Holdings,

Inc.

4,400

114,677

Keikyu

Corp.

6,500

66,809

Tobu

Railway

Co.

Ltd.

3,600

61,282

399,796

Wireless

Telecommunications

(0

.99

%)

KDDI

Corp.

4,000

65,650

Total

Japan

6,339,350

United

States

(1

.05

%)

Life

Insurance

(1

.05

%)

Aflac,

Inc.

700

69,552

Total

United

States

69,552

Total

Common

Stocks

(Cost $3,903,468)

6,408,902

CORPORATE

BONDS

(1

.30

%)

P

ri

nc

i

p

al

Amo

u

nt

United

States

(1.30%)

American

Honda

Finance

Corp,

1.80%,

1/13/2031

$

100,000

86,047

Total

Corporate

Bonds

(Cost $86,068)

86,047

MONEY

MARKET

FUNDS

(0

.68

%)

Sh

ar

e

s

Federated

Hermes

Government

Obligations

Fund,

Institutional

Class,

4.19%

(a) 45,183

45,183

Total

Money

Market

Funds

(Cost

$45,183)

45,183

Total

Investments

—

(98.62%)

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

$4,034,719)

6,540,132

Other

Assets

in

Excess

of

Liabilities (1.38%)

91,210

NET

ASSETS

—

100.00%

$

6,631,342

(a) Rate

disclosed

is

the

seven

day

effective

yield

as

of

July

31,

2025. ADR

-

American

Depositary

Receipt

REIT

-

Real

Estate

Investment

Trust

Commonwealth

Global

Fund

Schedule

of

Investments

July

31,

2025

-

(Unaudited)

COMMON

STOCKS

(99.30%)

Sh

ar

e

s

F

air

V

alu

e

Denmark

(1.14%)

Large

Pharmaceuticals

(1.14%)

Novo

Nordisk

A/S

-

ADR

4,000

$

188,280

Total

Denmark

188,280

France

(3.77%)

Basic

&

Diversified

Chemicals

(1.29%)

Arkema

S.A.

-

ADR

3,130

212,777

Integrated

Oils

(1.45%)

TotalEnergies

SE

-

ADR

4,000

238,200

Water

Utilities

(1.03%)

Veolia

Environnement

S.A.

-

ADR

10,000

169,750

Total

France

620,727

Germany

(6.17%)

Diversified

Industrials

(5.45%)

Siemens

AG

-

ADR

7,000

894,950

P&C

Insurance

(0.72%)

Allianz

SE

-

ADR

3,000

118,560

Total

Germany

1,013,510

India

(3.73%)

Banks

(3.73%)

HDFC

Bank

Ltd.

-

ADR

8,000

614,160

Total

India

614,160

Ireland

(1.03%)

Building

Materials

(1.03%)

James

Hardie

Industries

PLC

(a) 6,500

168,610

Total

Ireland

168,610

Israel

(2.56%)

Application

Software

(2.56%)

NICE

Ltd.

-

ADR

2,700

421,335

Total

Israel

421,335

Japan

(5.15%)

Auto

Parts

(0.74%)

Bridgestone

Corp.

-

ADR

6,000

121,380

Consumer

Electronics

(2.96%)

Sony

Group

Corp.

-

ADR

20,000

486,400

Electronics

Components

(1.45%)

Nidec

Corp.

50,000

239,000

Total

Japan

846,780

Commonwealth

Global

Fund

Schedule

of

Investments

(continued)

July

31,

2025

-

(Unaudited)

COMMON

STOCKS

(99.30%)

-

(continued)

Sh

ar

e

s

F

air

V

alu

e

Mexico

(1.10%)

Wireless

Telecommunications

(1.10%)

America

Movil

S.A.B.

de

C.V.,

Class

L

-

ADR

10,000

$

180,700

Total

Mexico

180,700

Norway

(3.26%)

P&C

Insurance

(3.26%)

Gjensidige

Forsikring

ASA

-

ADR

20,000

536,200

Total

Norway

536,200

Panama

(2.02%)

Airlines

(2.02%)

Copa

Holdings,

S.A.,

Class

A

3,000

331,980

Total

Panama

331,980

South

Africa

(2.16%)

Food

&

Drug

Stores

(2.16%)

Shoprite

Holdings

Ltd.

-

ADR

24,000

355,920

Total

South

Africa

355,920

Switzerland

(4.29%)

Large

Pharmaceuticals

(2

.84%)

Roche

Holding

AG

-

ADR

12,000

466,920

Packaged

Food

(1.45%)

Nestlé

S.A.

-

ADR

2,750

239,195

Total

Switzerland

706,115

Taiwan

Province

of

China

(2.94%)

Semiconductor

Manufacturing

(2.94%)

Taiwan

Semiconductor

Manufacturing

Co.,

Ltd.

-

ADR

2,000

483,240

Total

Taiwan

Province

of

China

483,240

United

Kingdom

(9.22%)

Alcoholic

Beverages

(1.67%)

Diageo

PLC

-

ADR

2,800

274,260

Large

Pharmaceuticals

(3.33%)

AstraZeneca

PLC

-

ADR

7,500

548,175

Personal

Care

Products

(2.49%)

Unilever

PLC

-

ADR

7,000

409,010

Publishing

(1.73%)

Pearson

PLC

-

ADR

20,000

284,600

Total

United

Kingdom

1,516,045

United

States

(50.76%)

Auto

Parts

(3.27%)

Miller

Industries,

Inc.

13,200

537,900

Automotive

Retailers

(4.18%)

Group

Automotive,

Inc.

1,670

688,291

Commonwealth

Global

Fund

Schedule

of

Investments

(continued)

July

31,

2025

-

(Unaudited)

COMMON

STOCKS

(99.30%)

-

(continued)

Sh

ar

e

s

F

air

V

alu

e

Communications

Equipment

(5.67%)

Apple,

Inc.

4,500

$

934,065

Computer

Hardware

&

Storage

(4.43%)

NetApp,

Inc.

7,000

728,910

Construction

&

Mining

Machinery

(2.13%)

Caterpillar,

Inc.

800

350,416

Courier

Services

(0.54%)

FedEx

Corp.

89,396

Diversified

Banks

(3.78%)

JPMorgan

Chase

&

Co.

2,100

622,104

Household

Products

(2.84%)

Procter

&

Gamble

Co.

(The)

3,100

466,457

Infrastructure

Software

(6.24%)

Crowdstrike

Holdings,

Inc.,

Class

A

(a) 500

227,285

Microsoft

Corp.

1,500

800,250

1,027,535

Integrated

Electric

Utilities

(1.38%)

American

Electric

Power

Co.,

Inc.

500

56,570

Southern

Co.

(The)

1,800

170,064

226,634

Integrated

Oil

&

Gas

(3.23%)

Chevron

Corp.

3,500

530,740

Life

Science

&

Diagnostics

(3.84%)

Thermo

Fisher

Scientific,

Inc.

1,350

631,368

Oilfield

Services

&

Equipment

(1.03%)

Natural

Gas

Services

Group,

Inc.

(a) 7,000

168,630

Online

Marketplace

(2.14%)

Amazon.com,

Inc.

(a) 1,500

351,165

Rail

Freight

(4.06%)

Norfolk

Southern

Corp.

2,400

667,200

Residential

REITs

(0.60%)

UDR,

Inc.

2,500

98,225

Waste

Management

(1.40%)

Republic

Services,

Inc.

1,000

230,650

Total

United

States

8,349,686

Total

Common

Stocks

(Cost $6,978,088)

16,333,288

Commonwealth

Global

Fund

Schedule

of

Investments

(continued)

July

31,

2025

-

(Unaudited)

MONEY

MARKET

FUNDS

(0.65%)

Sh

ar

e

s

F

air

V

alu

e

Federated

Hermes

Government

Obligations

Fund,

Institutional

Class,

4.19%

(b) 106,341

$

106,341

Total

Money

Market

Funds

(Cost

$106,341)

106,341

Total

Investments

—

(99.95%)

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

$7,084,429)

16,439,629

Other

Assets

in

Excess

of

Liabilities (0.05%)

7,505

NET

ASSETS

—

100.00%

$

16,447,134

(a) Non-income

producing

security.

(b) Rate

disclosed

is

the

seven

day

effective

yield

as

of

July

31,

2025. ADR

-

American

Depositary

Receipt

REIT

-

Real

Estate

Investment

Trust

Commonwealth

Real

Estate

Securities

Fund

Schedule

of

Investments

July

31,

2025

-

(Unaudited)

COMMON

STOCKS

(96

.22

%)

Shares

Fair

Value

Agricultural

Producers

(0

.64

%)

BrasilAgro

-

Company

Brasileira

de

Propriedades

Agricolas

-

ADR

(a) 27,432

$

101,773

Banks

(2

.73

%)

Harleysville

Financial

Corp.

8,675

206,899

Third

Coast

Bancshares,

Inc.

(a) 6,000

225,900

432,799

Building

Construction

(1

.89

%)

Kajima

Corp.

-

ADR

11,900

299,922

Building

Materials

(13

.26

%)

James

Hardie

Industries

PLC

(a) 25,000

648,500

Tecnoglass,

Inc.

18,634

1,454,011

2,102,511

Cement

&

Aggregates

(3

.16

%)

Cemex

S.A.B.

de

C.V.

-

ADR

30,000

261,000

CRH

PLC

2,500

238,625

499,625

Commercial

&

Residential

Building

Equipment

&

Systems

(6

.53

%)

Lennox

International,

Inc.

1,700

1,035,300

Data

Center

REITs

(4

.74

%)

Digital

Realty

Trust,

Inc.

3,368

594,250

Equinix,

Inc.

157,034

751,284

Home

Products

Stores

(3

.67

%)

Lowe's

Cos.,

Inc.

2,600

581,282

Homebuilding

(8

.26

%)

D.R.

Horton,

Inc.

4,000

571,360

Lennar

Corp.,

Class

A

3,200

358,976

NVR,

Inc.

(a) 50

377,475

1,307,811

Hotel

REITs

(1

.44

%)

Ryman

Hospitality

Properties,

Inc.

2,400

228,144

Hotels

Resorts

&

Cruise

Lines

(4

.47

%)

InterContinental

Hotels

Group

PLC

-

ADR

6,103

708,924

Industrial

Machinery

(2

.08

%)

Techtronic

Industries

Company

Ltd.

-

ADR

5,500

329,010

Industrial

REITs

(5

.14

%)

Hannon

Armstrong

Sustainable

Infrastructure

Capital,

Inc.

15,200

394,744

Prologis,

Inc.

2,000

213,560

STAG

Industrial,

Inc.

6,000

205,980

814,284

Infrastructure

REITs

(7

.46

%)

American

Tower

Corp.,

Class

A

2,500

520,975

Commonwealth

Real

Estate

Securities

Fund

Schedule

of

Investments

(continued)

July

31,

2025

-

(Unaudited)

COMMON

STOCKS

(96.22%)

-

continued

Shares

Fair

Value

Infrastructure

REITs

(7.46%)

-

continued

Crown

Castle

International

Corp.

2,000

$

210,180

SBA

Communications

Corp.,

Class

A

2,000

449,440

1,180,595

Mortgage

Finance

(3

.74

%)

Ladder

Capital

Corp.

20,000

218,400

Redwood

Trust,

Inc.

40,000

218,400

Starwood

Property

Trust,

Inc.

8,000

155,680

592,480

Multi

Asset

Class

REITs

(1

.81

%)

WP

Carey,

Inc.

4,470

286,795

Residential

Owners

&

Developers

(1

.22

%)

Cyrela

Brazil

Realty

S.A.

-

ADR

44,000

192,720

Residential

REITs

(3

.03

%)

AvalonBay

Communities,

Inc.

2,000

372,560

Millrose

Properties,

Inc.

(a) 3,600

107,964

480,524

Retail

REITs

(3

.32

%)

Kite

Realty

Group

Trust

9,000

197,820

National

Retail

Properties,

Inc.

4,000

165,040

Simon

Property

Group,

Inc.

1,000

163,790

526,650

Self-Storage

REITs

(5

.12

%)

Extra

Space

Storage,

Inc.

2,500

335,900

Global

Self

Storage,

Inc.

39,000

202,410

Public

Storage

1,000

271,940

810,250

Specialized

REITs

(6

.18

%)

Charter

Hall

Education

Trust

99,140

189,245

Gladstone

Land

Corp.

9,700

89,240

Iron

Mountain,

Inc.

7,200

700,992

979,477

Timber

REITs

(2

.89

%)

PotlatchDeltic

Corp.

6,000

245,340

Weyerhaeuser

Co.

8,500

212,925

458,265

Transport

Operations

&

Services

(3

.44

%)

Grupo

Aeroportuario

del

Sureste

S.A.B.

de

C.V.

-

ADR

1,800

545,957

Total

Common

Stocks

(Cost $7,519,416)

15,246,382

U.S.

GOVERNMENT

&

AGENCIES

(3

.47

%)

Principal

Amount

Fair

Value

Federal

National

Mortgage

Association,

0.88 %

,

8/5/2030

$

200,000

171,952

United

States

Treasury

Note,

3.38 %

,

5/15/2033

400,000

378,086

Total

U.S.

Government

&

Agencies

(Cost $552,343)

550,038

Commonwealth

Real

Estate

Securities

Fund

Schedule

of

Investments

(continued)

July

31,

2025

-

(Unaudited)

MONEY

MARKET

FUNDS

(0

.41

%)

Shares

Fair

Value

Federated

Hermes

Government

Obligations

Fund,

Institutional

Class,

4.19%

(b) 65,610

$

65,610

Total

Money

Market

Funds

(Cost

$65,610)

65,610

Total

Investments

—

(100.10%)

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

$8,137,369)

15,862,030

Liabilities

in

Excess

of

Other

Assets (-0.10%)

(16,505)

NET

ASSETS

—

100.00%

$

15,845,525

(a) Non-income

producing

security.

(b) Rate

disclosed

is

the

seven

day

effective

yield

as

of

July

31,

2025. 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:** COMMONWEALTH GLOBAL FUND

- **b. EDGAR series identifier (if any):** S000004493

- **c. LEI of Series:** 549300MCPXC78EWNY667

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-07-31

**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:** $16492373.50

**Total Liabilities:** $45339.15

**Net Assets:** $16447034.35

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000012362 | 4.28%                | 2.20%                | -0.78%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $669170.05                                 |
| Month 2  | $0.00                    | $375947.00                                 |
| Month 3  | $111580.82               | $-228340.86                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Arkema SA                                    | Arkema SA                                    | CUSIP: 041232109<br>LEI: 9695000EHMS84KKP2785 | Long             | EC               | CORP              | FR        |      3130 | NS      | $212777.40    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens AG                                   | Siemens AG                                   | CUSIP: 826197501<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |      7000 | NS      | $894950.00    | 5.44%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                         | JPMorgan Chase & Co.                         | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      2100 | NS      | $622104.00    | 3.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Miller Industries Inc. (Tennessee)           | Miller Industries, Inc.                      | CUSIP: 600551204<br>LEI: 549300F1O74SPUJ7UU94 | Long             | EC               | CORP              | US        |     13200 | NS      | $537900.00    | 3.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Group 1 Automotive, Inc.                     | Group 1 Automotive, Inc.                     | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |      1670 | NS      | $688290.50    | 4.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                             | Amazon.com, Inc.                             | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      1500 | NS      | $351165.00    | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Roche Holding AG                             | Roche Holding AG                             | CUSIP: 771195104<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |     12000 | NS      | $466920.00    | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Nidec Corp.                                  | Nidec Corp.                                  | CUSIP: 654090109<br>LEI: 353800IF171MZTNL6Y31 | Long             | EC               | CORP              | JP        |     50000 | NS      | $239000.00    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| The Procter & Gamble Co.                     | Procter & Gamble Co./The                     | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |      3100 | NS      | $466457.00    | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co, Inc.             | American Electric Power Co., Inc.            | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |       500 | NS      | $56570.00     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Allianz SE                                   | Allianz SE                                   | CUSIP: 018820100<br>LEI: 529900K9B0N5BT694847 | Long             | EC               | CORP              | DE        |      3000 | NS      | $118560.00    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                              | Caterpillar, Inc.                            | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |       800 | NS      | $350416.00    | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever PLC                                 | Unilever PLC                                 | CUSIP: 904767704<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |      7000 | NS      | $409010.00    | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Nice Limited                                 | NICE-Systems Ltd.                            | CUSIP: 653656108<br>LEI: 254900YTY4EF5Z4W0A51 | Long             | EC               | CORP              | IL        |      2700 | NS      | $421335.00    | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Diageo PLC                                   | Diageo PLC                                   | CUSIP: 25243Q205<br>LEI: 213800ZVIELEA55JMJ32 | Long             | EC               | CORP              | GB        |      2800 | NS      | $274260.00    | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Nestle SA                                    | Nestle SA                                    | CUSIP: 641069406<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |      2750 | NS      | $239195.00    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                              | Microsoft Corp.                              | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      1500 | NS      | $800250.00    | 4.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoprite Holdings Ltd.                       | Shoprite Holdings Ltd.                       | CUSIP: 82510E209<br>LEI: 529900Q4O1EYP6NH5150 | Long             | EC               | CORP              | ZA        |     24000 | NS      | $355920.00    | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Veolia Environnement S.A.                    | Veolia Environnement SA                      | CUSIP: 92334N103<br>LEI: 969500LENY69X51OOT31 | Long             | EC               | CORP              | FR        |     10000 | NS      | $169750.00    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Bank Ltd.                               | HDFC Bank Ltd.                               | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |      8000 | NS      | $614160.00    | 3.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corporation                 | Norfolk Southern Corp.                       | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |      2400 | NS      | $667200.00    | 4.06%             |  |  |  | No            |                  1 | On Loan: No      |
| UDR Inc                                      | UDR, Inc.                                    | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | EC               | CORP              | US        |      2500 | NS      | $98225.00     | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| James Hardie Industries PLC                  | James Hardie Industries PLC                  | CUSIP: G4253H101<br>LEI: 635400NSGXKTVOO7JU45 | Long             | EC               | CORP              | IE        |      6500 | NS      | $168610.00    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Novo Nordisk A/S                             | Novo Nordisk A/S                             | CUSIP: 670100205<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |      4000 | NS      | $188280.00    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                              | AstraZeneca PLC                              | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |      7500 | NS      | $548175.00    | 3.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services, Inc.                      | Republic Services, Inc.                      | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |      1000 | NS      | $230650.00    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Pearson PLC                                  | Pearson PLC                                  | CUSIP: 705015105<br>LEI: 2138004JBXWWJKIURC57 | Long             | EC               | CORP              | GB        |     20000 | NS      | $284600.00    | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                                   | Apple, Inc.                                  | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      4500 | NS      | $934065.00    | 5.68%             |  |  |  | No            |                  1 | On Loan: No      |
| America Movil S.A.B. de C.V.                 | America Movil SAB de CV                      | CUSIP: 02390A101<br>LEI: 5493000FNR3UCEAONM59 | Long             | EC               | CORP              | US        |     10000 | NS      | $180700.00    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Gjensidige Forsikring ASA                    | Gjensidige Forsikring ASA                    | CUSIP: 37636X101<br>LEI: 5967007LIEEXZX6FAO47 | Long             | EC               | CORP              | NO        |     20000 | NS      | $536200.00    | 3.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Money Market Obligations Trust               | Federated Hermes Government Obligations Fund | CUSIP: 60934N104<br>LEI: 25490005VWJDWX717014 | Long             | STIV             | RF                | US        |    106341 | PA      | $106340.63    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                             | TotalEnergies SE                             | CUSIP: 89151E109<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |      4000 | NS      | $238200.00    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp Inc.                                  | NetApp, Inc.                                 | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |      7000 | NS      | $728910.00    | 4.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Group Corp.                             | Sony Group Corp.                             | CUSIP: 835699307<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |     20000 | NS      | $486400.00    | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc                     | Crowdstrike Holdings, Inc.                   | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |       500 | NS      | $227285.00    | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Bridgestone Corp.                            | Bridgestone Corp.                            | CUSIP: 108441205<br>LEI: 549300DHPOF90OYYD780 | Long             | EC               | CORP              | JP        |      6000 | NS      | $121380.00    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corporation                            | FedEx Corp.                                  | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |       400 | NS      | $89396.00     | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Natural Gas Services Group Inc.              | Natural Gas Services Group, Inc.             | CUSIP: 63886Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7000 | NS      | $168630.00    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc                 | Thermo Fisher Scientific, Inc.               | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |      1350 | NS      | $631368.00    | 3.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd. | Taiwan Semiconductor Manufacturing Co. Ltd.  | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      2000 | NS      | $483240.00    | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp.                                | Chevron Corp.                                | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3500 | NS      | $530740.00    | 3.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co.                                 | Southern Co./The                             | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |      1800 | NS      | $170064.00    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Copa Holdings SA                             | Copa Holdings SA                             | CUSIP: P31076105<br>LEI: 529900BB9UQJV6QQHA59 | Long             | EC               | CORP              | PA        |      3000 | NS      | $331980.00    | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-31

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

**Signature:** Gregory Knoth

**Name of Signer:** Gregory Knoth

**Title:** SVP, Mutual Fund Controller