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)

Japan Equity

With an allocation to the most attractive 15 to 30 mid- to large-cap companies on our approved list of Japanese stocks, Japan Equity portfolios provide a concentrated country focus.

Strategy’s Best Use:

Investors seeking an allocation to a focused selection of mid- to large-cap Japanese stocks.

Portfolio Construction:

Our bottom-up portfolio construction leads to the selection of the 15 to 30 most attractive companies from our approved list of Japanese securities. We do not strive for specific sector or industry exposure. Instead, these allocations are determined strictly by stock selection. The portfolios typically have no more than 35 percent in any industry and are limited to a 10 percent maximum position size at the time of initial purchase.

A Value Approach at Its Core:

 Japan Equity portfolios are composed of Japanese securities with a market price that reflects a significant discount to our estimate of their intrinsic value. We also believe that the market value of these securities is likely to grow over time and that they have proven 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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Japan Strategy

Japan Strategy - Major global markets continued to experience pressure and volatility in the third quarter as investors...

Growth of a $10,000 Investment

From 08/31/2011 to 09/30/2022

Performance Returns

  • Returns % as of 10/31/2022
  • Returns % as of 09/30/2022
Composite Inception: 09/01/2011

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

Portfolio Characteristics

As of 09/30/2022

Median Market Cap

$4,374 M

Weighted Average Market Cap

$20,298 M

Current Price to Earnings Ratio

14.9

Projected Price to Earnings

14.3

Current Price to Book Ratio

1.4

Projected Price to Book

1.3

Current Price to Cash Flow

9.3

Projected Price to Cash Flow

8.3

Number of Securities

25

Portfolio Turnover

41%

Dividend Yield

2.49%

Beta vs. Benchmark

0.972

Standard Deviation

14.62%

Active Share

89.17%

Equity Sector Breakdowns

As of 09/30/2022

Top 10 Equities and Equivalents

As of 09/30/2022

Total % in Top 10 Holdings 56.8%

Total # of Holdings 25

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.