News

Oakmark International Fund Wins 2021 Refinitiv Lipper Fund Award

March 11, 2021

Harris Associates is pleased to announce that the Oakmark International Fund is a Refinitiv Lipper Fund Awards (USA) 2021 winner for best international multi-cap value fund over the 10-year period.

The merit of the winners is based on objective, quantitative criteria. This year, Oakmark International was ranked number one out of 30 eligible funds for the 10-year period ending November 30, 2020.

The Oakmark International Fund, which was incepted in September of 1992, is a diversified equity portfolio of mid- and large-size international companies. The Fund utilizes a disciplined, fundamental value investment approach. David Herro and Mike Manelli are the co-portfolio managers.

“We are honored that the Oakmark International Fund was chosen to receive the Refinitiv Lipper Fund Award for its 10-year performance record. This recognition reflects our time-honored value investment philosophy and process, the strength of our dedicated investment team, and our commitment to our shareholders,” said David Herro, founding portfolio manager of the Fund.

The Refinitiv Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The Refinitiv Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Refinitiv Lipper Fund Award. For more information, see lipperfundawards.com Although Refinitiv Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Refinitiv Lipper.

More information about the 2021 Refinitiv Lipper Fund Awards is available at www.lipperfundawards.com

Past performance is no guarantee of future results. Current performance may be lower or higher than the performance data quoted.

The Fund’s portfolio tends to be invested in a relatively small number of stocks. As a result, the appreciation or depreciation of any one security held by the Fund will have a greater impact on the Fund’s net asset value than it would if the Fund invested in a larger number of securities. Although that strategy has the potential to generate attractive returns over time, it also increases the Fund’s volatility.

Investing in foreign securities presents risks that in some ways may be greater than U.S. investments. Those risks include: currency fluctuation; different regulation, accounting standards, trading practices and levels of available information; generally higher transaction costs; and political risks.

Investing in value stocks presents the risk that value stocks ay fall out of favor with investors and underperform growth stocks during given periods.

The information, data, analyses, and opinions presented herein (including current investment themes, the portfolio managers’ research and investment process, and portfolio characteristics) are for informational purposes only and represent the investments and views of the portfolio managers and Harris Associates L.P. as of the date written and are subject to change and may change based on market and other conditions and without notice. This content is not a recommendation of or an offer to buy or sell a security and is not warranted to be correct, complete or accurate.

David Herro- Portfolio Manager- Headshot
David G. Herro, CFA

Portfolio Manager

Mike Manelli- Portfolio Manager- Headshot
Michael L. Manelli, CFA

Portfolio Manager