Value investing redefined

The Oakmark family of mutual funds is an extension of Harris Associates’ value-focused approach to investing. For more about our selection of funds, visit Oakmark.com.

The Oakmark Funds

111 South Wacker Drive, Suite 4600
Chicago, Illinois 60606
1-800-OAKMARK (625-6275)

Global All Cap

Global All Cap portfolios generally hold 30 to 60 securities with a market cap focus of $1 billion and are selected from our approved list of U.S. and international stocks.

Strategy’s Best Use:

Investors seeking exposure to U.S. and international stocks, regardless of their capitalization.

Portfolio Construction:

Our bottom-up portfolio construction leads to the selection of approximately 30 to 60 companies from our approved list of U.S. and international stocks. The market capitalization focus is $1 billion and greater at the time of initial purchase. We do not strive for specific country, sector or industry exposure. Instead, these allocations are determined strictly through our stock selection process. Typically, portfolios have no more than 30 percent invested in any country (except U.S.), 25 percent in any industry, and are subject to a seven percent maximum position size at the time of initial purchase. 

Foreign currency exposure may be hedged defensively in the Global All Cap Equity strategy for any currencies that we believe are significantly overvalued. Investment in emerging market securities is permitted only in countries that meet our legal standards.

A Value Approach at Its Core: 

Global All Cap Equity portfolios are composed of securities that we believe trade at a significant discount to our estimate of intrinsic value, have intrinsic values that grow with time and have shareholder-oriented management teams.

Learn more about the investment philosophy and process that guide all strategies at Harris Associates here.

What to Expect as a Client:

You can expect to receive the highest level of care from our experienced and responsive client services team regardless of the size of the portfolio you entrust with us. 

Portfolio Managers

View Our Team

Contact Us to Learn More

For questions please contact us or call 312-646-3600.

Commentary

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Global All Cap Strategy

Global All Cap Strategy - Major global markets finished largely higher in the fourth quarter in spite of a...

Growth of a $10,000 Investment

From 10/31/1999 to 12/31/2021

Performance Returns

  • Returns % as of 12/31/2021
Composite Inception: 11/01/1999

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

Portfolio Characteristics

As of 12/31/2021

Median Market Cap

$47,410 M

Weighted Average Market Cap

$230,753 M

Current Price to Earnings Ratio

11.7

Projected Price to Earnings

12.2

Current Price to Book Ratio

1.8

Projected Price to Book

1.7

Current Price to Cash Flow

12.0

Projected Price to Cash Flow

10.1

Number of Securities

49

Portfolio Turnover

38%

Dividend Yield

1.63%

Beta vs. Benchmark

1.135

Standard Deviation

19.35%

Active Share

94.36%

Equity Sector Breakdowns

As of 12/31/2021

Top 10 Equities and Equivalents

As of 12/31/2021

Total % in Top 10 Holdings 43.9%

Total # of Holdings 49

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 12/31/2021

Emerging Markets consists of: China, India, Mexico, South Africa and South Korea.