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OAKIX Oakmark International Investor

  • Fund
  • OAKIX
  • Price as of: Sep 13, 2019
  • $23.82 + $0.40 + 1.71%

OAKIX - Profile

Vitals

  • YTD Return 16.4%
  • 3 Yr Annualized Return 4.1%
  • 5 Yr Annualized Return -1.6%
  • Net Assets $30 B
  • Holdings in Top 10 33.9%

52 WEEK LOW AND HIGH

$23.82
$19.85
$26.78

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.01%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 36.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$1,000

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Foreign Large Blend

Distributions

  • YTD Total Return 16.4%
  • 3 Yr Annualized Total Return 8.4%
  • 5 Yr Annualized Total Return 3.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.84%
DIVIDENDS
  • Dividend Yield 1.8%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Oakmark International Fund
  • Fund Family Name Oakmark
  • Inception Date Sep 30, 1992
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager David G. Herro

Fund Description

The Oakmark International Fund Class I (OAKIX) is a low-cost, actively managed fund that seeks to grow invested capital. The fund focuses its attention on large- and mid-cap stocks of foreign companies. However, it may invest in smaller firms that are deemed worthy after fundamental analysis. OAKIX’s managers use a bottom-up approach to seek undervalued growth stocks. Additionally, the fund is considered a high-conviction fund, meaning it will only own a small number of stocks at any one time.

OAKIX’s focus on riskier international stocks, along with its high-conviction nature, makes it suitable as a satellite position in a broader portfolio. The fund is managed by Harris Associates L.P.

OAKIX - Performance

Return Ranking - Trailing

Period OAKIX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.4% -20.0% 270.7% 14.07%
1 Yr -6.6% -39.6% 270.7% 75.00%
3 Yr 4.1%* -14.6% 54.8% 45.29%
5 Yr -1.6%* -17.1% 30.0% 75.33%
10 Yr 3.8%* -7.3% 14.0% 5.86%

* Annualized


Return Ranking - Calendar

Period OAKIX Return Category Return Low Category Return High Rank in Category (%)
2018 -28.4% -50.2% 0.0% 96.20%
2017 25.9% -2.4% 38.4% 24.79%
2016 6.3% -23.2% 9.6% 1.67%
2015 -8.5% -47.4% 6.8% 88.17%
2014 -11.3% -24.0% 75.2% 87.33%

Total Return Ranking - Trailing

Period OAKIX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.4% -20.0% 270.7% 14.07%
1 Yr 0.2% -39.6% 270.7% 29.22%
3 Yr 8.4%* -12.1% 54.8% 5.68%
5 Yr 3.2%* -13.1% 30.0% 8.73%
10 Yr 7.1%* -4.3% 14.0% 0.93%

* Annualized


Total Return Ranking - Calendar

Period OAKIX Return Category Return Low Category Return High Rank in Category (%)
2018 -23.1% -50.2% 0.0% 89.06%
2017 29.9% 0.0% 38.4% 7.52%
2016 8.2% -10.2% 12.2% 0.93%
2015 -3.6% -28.8% 7.7% 70.97%
2014 -5.1% -22.0% 96.0% 33.48%

NAV & Total Return History

OAKIX - Holdings

Concentration Analysis

OAKIX Category Low Category High OAKIX % Rank
Net Assets 30 B 862 K 374 B 2.44%
Number of Holdings 83 1 9135 63.17%
Net Assets in Top 10 11.1 B -625 M 31.9 B 2.59%
Weighting of Top 10 33.85% 4.7% 292.6% 21.29%

Top 10 Holdings

  1. BNP Paribas 4.08%

  2. Bayer AG 3.74%

  3. Intesa Sanpaolo 3.68%

  4. Credit Suisse Group AG 3.52%

  5. Daimler AG 3.36%

  6. Continental AG 3.27%

  7. Glencore PLC 3.27%

  8. CNH Industrial NV 3.20%

  9. Bayerische Motoren Werke AG 2.94%

  10. Hennes & Mauritz AB B 2.80%


Asset Allocation

Weighting Return Low Return High OAKIX % Rank
Stocks
96.88% 39.72% 117.45% 68.06%
Cash
3.12% -30.60% 35.06% 26.62%
Preferred Stocks
0.00% 0.00% 4.85% 96.69%
Other
0.00% -3.69% 58.00% 91.94%
Convertible Bonds
0.00% 0.00% 5.34% 96.12%
Bonds
0.00% 0.00% 25.44% 96.26%

Stock Sector Breakdown

Weighting Return Low Return High OAKIX % Rank
Financial Services
24.38% 0.00% 30.71% 4.33%
Consumer Cyclical
23.95% 0.02% 25.82% 2.60%
Industrials
21.72% 0.02% 30.11% 3.32%
Technology
9.56% 0.00% 39.46% 64.50%
Basic Materials
6.37% 0.00% 16.99% 62.91%
Healthcare
5.31% 0.00% 25.46% 91.77%
Communication Services
2.22% -0.45% 17.38% 77.34%
Consumer Defense
2.11% 0.02% 30.18% 97.98%
Energy
1.25% 0.00% 19.11% 94.23%
Utilities
0.00% 0.00% 10.85% 98.70%
Real Estate
0.00% 0.00% 11.28% 98.99%

Stock Geographic Breakdown

Weighting Return Low Return High OAKIX % Rank
Non US
91.32% 0.00% 128.79% 71.08%
US
5.56% -12.34% 64.94% 24.60%

OAKIX - Expenses

Operational Fees

OAKIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.01% 0.00% 22.87% 58.26%
Management Fee 0.81% 0.00% 1.36% 82.83%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 1.00% N/A

Sales Fees

OAKIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

OAKIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 2.00% N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

OAKIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 36.00% 0.00% 682.00% 41.36%

OAKIX - Distributions

Dividend Yield Analysis

OAKIX Category Low Category High OAKIX % Rank
Dividend Yield 1.84% 0.00% 7.36% 34.91%

Dividend Distribution Analysis

OAKIX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Quarterly Quarterly

Dividend Payout History


Net Income Ratio Analysis

OAKIX Category Low Category High OAKIX % Rank
Net Income Ratio 1.84% -1.71% 3.59% 43.24%

Capital Gain Distribution Analysis

OAKIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

OAKIX - Managers

David G. Herro

Manager

Start Date

Tenure

Tenure Rank

Sep 30, 1992

26.93

26.9%

David Herro is the Chief Investment Officer – International Equities at Harris Associates L.P. and serves as a Deputy Chairman and a Portfolio Manager of a number of Oakmark funds. Mr. Herro has been managing international portfolios since 1986, previously managing international portfolios for The State of Wisconsin Investment Board and The Principal Financial Group. Mr. Herro, who joined Harris Associates in 1992, holds a BS in business and economics from the University of Wisconsin – Platteville (1983) and an MA in economics from the University of Wisconsin – Milwaukee (1985).


Michael L. Manelli

Manager

Start Date

Tenure

Tenure Rank

Nov 30, 2016

2.75

2.8%

Michael Manelli joined Harris Associates in 2005 and has been in the investment industry since 2001. He is a Portfolio Manager and a Senior Investment Analyst on the International Research Team at Harris Associates. Previously, he worked as a research associate/analyst at Morgan Stanley. Mr. Manelli holds a BBA from the University of Iowa and is a CFA® charterholder.


Tenure Analysis

Category Low

0.0

Category High

27.6

Category Average

5.15

Category Mode

0.5