In FY 17 47% of CPU's income is expected to come from the USA vs 12 % from ANZ. ANZ is pretty much a CPU backwater despite its political antics. Morningstar tells me CPU's total return ( ex franking credits) has been 1yr=38% pa, 3yr=26% pa, 5yr= 17% pa. For me its a good hold in my "plodder" basket .