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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$26.81

$23.9 B

2.55%

$0.68

1.05%

Vitals

YTD Return

16.5%

1 yr return

-5.4%

3 Yr Avg Return

3.9%

5 Yr Avg Return

-2.2%

Net Assets

$23.9 B

Holdings in Top 10

29.8%

52 WEEK LOW AND HIGH

$26.6
$19.23
$29.27

Expenses

OPERATING FEES

Expense Ratio 1.05%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 42.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$26.81

$23.9 B

2.55%

$0.68

1.05%

OAKIX - Profile

Distributions

  • YTD Total Return 16.5%
  • 3 Yr Annualized Total Return 3.9%
  • 5 Yr Annualized Total Return -0.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.99%
DIVIDENDS
  • Dividend Yield 2.6%
  • 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
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    David Herro

Fund Description

The Fund invests primarily in a diversified portfolio of common stocks of non-U.S. companies. In determining whether an issuer is a U.S. or non-U.S. company, the Fund considers various factors including, its country of domicile, the primary stock exchange on which it trades, the location from which the majority of its revenue comes, and its reporting currency. The Fund may invest in non-U.S. markets throughout the world, including emerging markets. The Fund considers emerging markets to be markets located in countries classified as emerging or frontier markets by MSCI, and are generally located in the AsiaPacific region, Eastern Europe, the Middle East, Central and South America, and Africa. Ordinarily, the Fund will invest in the securities of at least five countries outside of the United States. There are no geographic limits on the Fund's non-U.S. investments. The Fund may invest in securities of large-, mid-, and small- capitalization companies.

The Fund uses a value investment philosophy in selecting equity securities. This value investment philosophy is based upon the belief that, over time, a company's stock price converges with the Adviser's estimate of the company's intrinsic value. By "intrinsic value," the Adviser means its estimate of the price a knowledgeable buyer would pay to acquire the entire business. The Adviser believes that investing in securities priced significantly below what it believes is a company's intrinsic value presents the best opportunity to achieve the Fund's investment objective. A company trading below its estimated intrinsic value is sometimes referred to as trading at a discount.

The Adviser uses this value investment philosophy to identify companies that have discounted stock prices compared to what the Adviser believes are the companies' intrinsic values. In assessing such companies, the Adviser looks for the following characteristics, although the companies selected may not have all of these attributes: (1) free cash flows; (2) earnings that are growing and are reasonably predictable; and (3) high level of company management ownership.

Key Tenets of the Oakmark Value Investment Philosophy:

1.  Buy businesses that are trading at a significant discount to the Adviser's estimate of the company's intrinsic value. At the time the Adviser buys a company, the Adviser wants the company's stock to be inexpensive relative to what it believes the entire business is worth.

2.  Invest with companies expected to grow shareholder value over time. Value investors can sometimes fall into the trap of buying a stock that is inexpensive for a reason—because the company just does not grow. The Adviser looks for businesses that are expected to achieve a combination of dividend yield and per-share growth in business value that is above-average.

3.  Invest with management teams that think and act as owners. The Adviser seeks out companies with management teams that understand the dynamics of per share value growth and are focused on achieving such growth. Stock ownership and incentives that align managements' interests with those of shareholders are key components of this analysis.

In making its investment decisions, the Adviser uses a "bottom-up" approach focused on individual companies, rather than focusing on specific economic factors or specific industries. To facilitate its selection of investments that meet the criteria described above, the Adviser uses independent, in-house research to analyze each company. As part of this selection process, the Adviser's analysts typically visit companies and conduct other research on the companies and their industries.

Once the Adviser identifies a stock that it believes is selling at a significant discount to the Adviser's estimated intrinsic value and that the company has one or more of the additional qualities mentioned above, the Adviser may consider buying that stock for the Fund. The Adviser usually sells a stock when the price approaches its estimated intrinsic value. This means the Adviser sets specific "buy" and "sell" targets for each stock the Fund holds. The Adviser monitors each portfolio holding and adjusts these price targets as warranted to reflect changes in a company's fundamentals.

The Adviser believes that holding a relatively small number of stocks allows its "best ideas" to have a meaningful impact on the Fund's performance. Therefore, the Fund's portfolio typically holds forty-five to sixty-five stocks rather than hundreds, and as a result, a higher percentage of the Fund's total assets may at times be invested in a particular region, sector or industry.

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OAKIX - Performance

Return Ranking - Trailing

Period OAKIX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.5% -28.5% 424400.0% 2.60%
1 Yr -5.4% -19.1% 185.1% 49.56%
3 Yr 3.9%* -9.7% 14.8% 20.43%
5 Yr -2.2%* -13.2% 5.9% 62.58%
10 Yr 1.9%* -5.7% 9.7% 31.93%

* Annualized

Return Ranking - Calendar

Period OAKIX Return Category Return Low Category Return High Rank in Category (%)
2022 -18.1% -99.0% 166.1% 92.65%
2021 3.8% -91.9% 28.2% 54.33%
2020 1.5% -7.3% 20.1% 20.56%
2019 5.1% -100.0% 7.1% 5.11%
2018 -6.5% -8.1% 16.8% 96.94%

Total Return Ranking - Trailing

Period OAKIX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.5% -28.5% 16.9% 2.31%
1 Yr -5.4% -19.1% 185.1% 49.86%
3 Yr 3.9%* -9.7% 17.0% 20.92%
5 Yr -0.8%* -13.2% 9.6% 41.45%
10 Yr 4.7%* -5.7% 13.0% 12.65%

* Annualized

Total Return Ranking - Calendar

Period OAKIX Return Category Return Low Category Return High Rank in Category (%)
2022 -18.1% -27.8% 166.1% 92.94%
2021 3.8% -42.2% 211.0% 54.63%
2020 1.5% -7.3% 20.1% 21.12%
2019 5.1% -16.3% 7.1% 5.43%
2018 -5.1% -8.1% 433899.9% 90.48%

NAV & Total Return History


OAKIX - Holdings

Concentration Analysis

OAKIX Category Low Category High OAKIX % Rank
Net Assets 23.9 B 2.21 M 44.7 B 1.70%
Number of Holdings 82 2 3900 58.03%
Net Assets in Top 10 7.38 B 530 K 13.7 B 1.69%
Weighting of Top 10 29.76% 7.3% 99.9% 29.97%

Top 10 Holdings

  1. Glencore PLC 4.89%
  2. Glencore PLC 4.89%
  3. Glencore PLC 4.89%
  4. Glencore PLC 4.89%
  5. Glencore PLC 4.89%
  6. Glencore PLC 4.89%
  7. Glencore PLC 4.89%
  8. Glencore PLC 4.89%
  9. Glencore PLC 4.89%
  10. Glencore PLC 4.89%

Asset Allocation

Weighting Return Low Return High OAKIX % Rank
Stocks
97.07% 75.03% 100.46% 64.51%
Cash
2.93% -31.92% 11.89% 34.08%
Preferred Stocks
0.00% 0.00% 1.34% 89.58%
Other
0.00% -2.35% 6.11% 88.17%
Convertible Bonds
0.00% 0.00% 0.15% 87.61%
Bonds
0.00% 0.00% 31.71% 90.14%

Stock Sector Breakdown

Weighting Return Low Return High OAKIX % Rank
Consumer Cyclical
24.79% 0.00% 27.46% 3.41%
Financial Services
21.60% 0.00% 42.76% 40.34%
Industrials
11.66% 1.03% 36.79% 72.16%
Healthcare
11.09% 0.00% 23.28% 43.18%
Communication Services
10.92% 0.00% 23.78% 12.50%
Technology
7.50% 0.00% 24.16% 42.05%
Basic Materials
6.92% 0.00% 30.76% 64.49%
Consumer Defense
5.52% 0.00% 31.84% 73.01%
Utilities
0.00% 0.00% 27.46% 99.72%
Real Estate
0.00% 0.00% 19.64% 97.44%
Energy
0.00% 0.00% 26.59% 98.86%

Stock Geographic Breakdown

Weighting Return Low Return High OAKIX % Rank
Non US
96.20% 71.47% 100.46% 45.92%
US
0.87% 0.00% 15.02% 61.41%

OAKIX - Expenses

Operational Fees

OAKIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.05% 0.01% 2.61% 37.14%
Management Fee 0.74% 0.00% 1.25% 61.36%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.47% N/A

Sales Fees

OAKIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

OAKIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% N/A

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 42.00% 2.00% 158.16% 50.00%

OAKIX - Distributions

Dividend Yield Analysis

OAKIX Category Low Category High OAKIX % Rank
Dividend Yield 2.55% 0.00% 23.09% 95.49%

Dividend Distribution Analysis

OAKIX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Semi-Annually Monthly Quarterly

Net Income Ratio Analysis

OAKIX Category Low Category High OAKIX % Rank
Net Income Ratio 0.99% 0.18% 7.85% 93.57%

Capital Gain Distribution Analysis

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

Distributions History

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OAKIX - Fund Manager Analysis

Managers

David Herro


Start Date

Tenure

Tenure Rank

Sep 30, 1992

29.68

29.7%

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 Manelli


Start Date

Tenure

Tenure Rank

Nov 30, 2016

5.5

5.5%

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 Category High Category Average Category Mode
0.2 29.68 7.56 0.54