Portfolio Manager David Hero celebrates the 30th anniversary of the Oakmark Fund International by reflecting on its history and sharing the importance of having a sound conviction, philosophy and process.
Average annual returns as of 06/30/2022:
| finance | 3 months | One year | 3 years | 5 years | 10 years | beginning |
|---|---|---|---|---|---|---|
| Oakmark International (Investor Category) | -11.77% | -22.73% | 0.52% | -0.42% | 5.92% | 8.28% |
| MSCI Global Index excluding the United States | -14.66% | -16.76% | 1.70% | 2.66% | 5.37% | 5.49% |
Total Expense Ratio: 1.07%
Net Expense Ratio: 1.08%
Fund start: 09/30/1992
For the latest month-end performance data for the Oakmark International Fund, view it here.
Expense ratios are based on estimated amounts for the current fiscal year; Actual expenses may vary.
Returns for periods of less than one year are not transferred.
The net expense ratio reflects a contractual agreement to waive advisory fees through January 27, 2023.
Past performance is not a guarantee of future results. The performance data quoted is representative of past performance. The current performance may be lower or higher than the stated performance data. The return on investment and the underlying value varies so that the investor’s shares when redeemed may be more or less than their original cost.
The MSCI World ex US (net) Index is a free float-adjusted, market capitalization-weighted index, designed to measure the performance of stocks in the developed international market, excluding the United States. The index covers approximately 85% of each country’s free float-adjusted market capitalization. This standard calculates reinvested profits after deducting withholding taxes. This index is not managed and investors cannot invest directly in this index.
The fund’s portfolio tends to invest in relatively few stocks. As a result, the appreciation or depreciation of any security held by the fund will have a greater impact on the net asset value of the fund than if the fund invested in a larger number of securities. Although this strategy has the potential to generate attractive returns over time, it also increases the volatility of the fund.
Investing in foreign securities presents risks that may in some respects be greater than US investments. These risks include: currency fluctuations. the various regulations, accounting standards, business practices and levels of information available; higher transaction costs in general; and political risks.
Investing in value stocks presents the risk that value stocks may fall in favor of investors and growth stocks may underperform during certain periods.
The information, data, analysis and opinions presented here (including current investment topics, portfolio managers research and the investment process, and portfolio characteristics) are for informational purposes only and represent the investments and opinions of the portfolio managers and Harris Associates LP as of the written date and are subject to change and may change based on market and other conditions and without notice. This content is not a recommendation or an offer to buy or sell a security and is not warranted to be true, complete or accurate.
Certain comments herein are based on current expectations and are “forward-looking statements”. These forward-looking statements reflect the assumptions and analyzes made by the portfolio managers and Harris Associates LP based on their experience and perception of historical trends, current conditions, expected future developments and other factors that they believe are relevant. Actual future results are subject to a number of investment and other risks and may differ from expectations. Readers are cautioned against excessive reliance on forward-looking statements.
from San Jose News Bulletin https://sjnewsbulletin.com/oakmark-international-celebrates-its-30th-anniversary/
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