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)

International

Our International portfolios are made up of 45 to 65 large-cap equity securities from our approved list of international stocks.

Strategy’s Best Use:

Investors seeking to make an allocation to large-cap international stocks.

Portfolio Construction:

Our bottom-up portfolio construction leads to the selection of approximately 45 to 65 attractive companies from our approved list of international stocks. The market capitalization focus for International Equity is greater than $7.5 billion at the time of initial purchase. We do not strive for specific country, sector or industry exposure. Instead, these allocations are determined strictly by stock selection. Typically, these portfolios have no more than 30 percent in any one country, 25 percent in any one industry, and initial purchases are limited to a seven percent maximum position size. 

Foreign currency exposure may be hedged defensively in the International 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:

International 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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International Equity Strategy

International Equity Strategy - Major global markets finished lower for the first quarter as Russia’s invasion of Ukraine prompted...

Growth of a $10,000 Investment

From 09/30/1992 to 03/31/2022

Performance Returns

  • Returns % as of 05/31/2022
  • Returns % as of 03/31/2022
Composite Inception: 10/01/1992

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

Portfolio Characteristics

As of 03/31/2022

Median Market Cap

$25,669 M

Weighted Average Market Cap

$55,892 M

Current Price to Earnings Ratio

11.1

Projected Price to Earnings

9.6

Current Price to Book Ratio

1.3

Projected Price to Book

1.2

Current Price to Cash Flow

7.6

Projected Price to Cash Flow

6.2

Number of Securities

67

Portfolio Turnover

35%

Dividend Yield

2.85%

Beta vs. Benchmark

1.052

Standard Deviation

19.32%

Active Share

89.31%

Equity Sector Breakdowns

As of 03/31/2022

Top 10 Equities and Equivalents

As of 03/31/2022

Total % in Top 10 Holdings 29.7%

Total # of Holdings 67

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 03/31/2022

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