The Oakmark Funds are advised by Harris Associates L.P. an autonomous subsidiary of Natixis Investment Managers, L.P.

Learn more about the principles and philosophy behind our funds at HarrisAssoc.com.

Harris Associates

111 South Wacker Drive, Suite 4600
Chicago, Illinois 60606
312-646-3600

OAKWX

Fund

Oakmark Global Select

Inception Date

10/02/2006

Cusip

413838822

Share Class Total Net Assets

$0.5B

Daily Nav

$17.37

(08/11/2020)

Nav Change

0.20

Nav YTD %

6.41%

Objective

Long-term capital appreciation

Oakmark Global Select is a non-diversified portfolio of U.S. and non-U.S. common stocks.  Typically the fund holds about 20 individual securities, with large-cap companies eligible for investment.

Portfolio Managers

View our Team

Oakmark Global Select

Bill Nygren discusses the Oakmark Global Select Fund

Growth of a $10,000 Investment (Investor Share Class)

From 10/02/2006 to 06/30/2020

Past performance is no guarantee of future results. The performance data quoted represents past performance. Current performance may be lower or higher than the performance data quoted. Total return includes change in share prices and, in each case, includes reinvestment of dividends and capital gain distributions. The investment return and principal value vary so that an investor’s shares, when redeemed, may be worth more or less than the original cost.

The graph does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

Because the Oakmark Global Select Fund is non-diversified, the performance of each holding will have a greater impact on the Fund’s total return, and may make the Fund’s returns more volatile than a more diversified fund.

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.

The MSCI World Index (Net) is a free float-adjusted, market capitalization-weighted index that is designed to measure the global equity market performance of developed markets. The index covers approximately 85% of the free float-adjusted market capitalization in each country. This benchmark calculates reinvested dividends net of withholding taxes. This index is unmanaged and investors cannot invest directly in this index.

Commentary

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Oakmark Global Select Fund: Second Quarter 2020

The top contributor to the Fund’s performance was a multinational conglomerate, while the largest detractor was a dominant retail...

Performance Returns

  • Returns % as of 07/31/2020
  • Returns % as of 06/30/2020
Gross Expense Ratio (as of 09/30/2019): 1.25%
Net Expense Ratio (as of 09/30/2019): 1.18%
Fund Inception: 10/02/2006

Returns for periods of less than one year are not annualized.

The net expense ratio reflects a contractual advisory fee waiver agreement through January 27, 2021.

Portfolio Characteristics

As of 06/30/2020

Median Market Cap

$43,666 M

Weighted Average Market Cap

$165,749 M

Current Price to Earnings Ratio

16.2

Projected Price to Earnings

12.5

Current Price to Book Ratio

1.3

Projected Price to Book

1.2

Current Price to Cash Flow

16.8

Projected Price to Cash Flow

10.5

Number of Holdings

21

Turnover Rate

28%

Dividend Yield

1.90%

Beta vs. Benchmark

1.095

Standard Deviation

18.97%

Annual Operating Expenses - Gross*

1.25%

Annual Operating Expenses - Net*

1.18%

*Annual Operating Expenses As of 09/30/2019

Equity Sector Breakdowns

As of 06/30/2020

Top 10 Equities and Equivalents

As of 06/30/2020

Total % in Top 10 Holdings 63.7%

Total # of Holdings 21

Assets Under Mgmt. $1.3B

Portfolio holdings are subject to change and are not intended as recommendations of individual stocks. Individual security weights may not add to the displayed total due to rounding.

Country Allocations

As of 06/30/2020

Emerging Markets consists of: South Korea.

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