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Trending ETFs

Name

As of 04/12/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$21.39

$1.06 B

0.82%

$0.18

1.14%

Vitals

YTD Return

1.3%

1 yr return

12.8%

3 Yr Avg Return

1.9%

5 Yr Avg Return

8.2%

Net Assets

$1.06 B

Holdings in Top 10

52.5%

52 WEEK LOW AND HIGH

$21.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.14%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 49.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 04/12/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$21.39

$1.06 B

0.82%

$0.18

1.14%

OAKWX - Profile

Distributions

  • YTD Total Return 1.3%
  • 3 Yr Annualized Total Return 1.9%
  • 5 Yr Annualized Total Return 8.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.27%
DIVIDENDS
  • Dividend Yield 0.8%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Oakmark Global Select Fund
  • Fund Family Name
    Oakmark
  • Inception Date
    Oct 02, 2006
  • Shares Outstanding
    N/A
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    David Herro

Fund Description

The Fund invests primarily in common stocks of U.S. and non-U.S. companies. The Fund invests in the securities of companies located in at least three countries. The Fund is non-diversified, which means that it may invest a greater portion of its assets in a more limited number of issuers than a diversified fund. The Fund could own as few as twelve securities, but generally will have approximately twenty securities in its portfolio and as a result, a higher percentage of the Fund's total assets may at times be invested in a particular region, sector or industry. Typically, the Fund will invest at least 40% of its total assets in securities of non-U.S. companies (unless the Adviser deems market conditions and/or company valuations less favorable to non-U.S. companies, in which case the Fund will invest at least 30% of its total assets in securities of non-U.S. companies). In determining whether an issuer is a U.S. or non-U.S. company, the Fund considers various factors including its country of domicile, the primary stock exchange on which it trades, the location from which the majority of its revenue comes, and its reporting currency. There are no geographic limits on the Fund's non-U.S. investments, and the Fund may invest in securities of companies located in developed or emerging markets. The Fund considers emerging markets to be markets located in countries classified as emerging or frontier markets by MSCI, and are generally located in the AsiaPacific region, Eastern Europe, the Middle East, Central and South America, and Africa. The Fund generally invests in the securities of larger capitalization companies.

The Fund uses a value investment philosophy in selecting equity securities. This value investment philosophy is based upon the belief that, over time, a company's stock price converges with the Adviser's estimate of the company's intrinsic value. By "intrinsic value," the Adviser means its estimate of the price a knowledgeable buyer would pay to acquire the entire business. The Adviser believes that investing in securities priced significantly below what it believes is a company's intrinsic value presents the best opportunity to achieve the Fund's investment objective. A company trading below its estimated intrinsic value is sometimes referred to as trading at a discount.

The Adviser uses this value investment philosophy to identify companies that have discounted stock prices compared to what the Adviser believes are the companies' intrinsic values. In assessing such companies, the Adviser looks for the following characteristics, although the companies selected may not have all of these attributes: (1) free cash flows; (2) earnings that are growing and are reasonably predictable; and (3) high level of company management alignment with shareholders.

Key Tenets of the Oakmark Value Investment Philosophy:

1.  Buy businesses that are trading at a significant discount to the Adviser's estimate of the company's intrinsic value. At the time the Adviser buys a company, the Adviser wants the company's stock to be inexpensive relative to what it believes the entire business is worth.

2.  Invest with companies expected to grow shareholder value over time. Value investors can sometimes fall into the trap of buying a stock that is inexpensive for a reason—because the company just does not grow. The Adviser looks for businesses that are expected to achieve a combination of dividend yield and per-share growth in business value that is above-average.

3.  Invest with management teams that think and act as owners. The Adviser seeks out companies with management teams that understand the dynamics of per share value growth and are focused on achieving such growth. Stock ownership and incentives that align managements' interests with those of shareholders are key components of this analysis.

In making its investment decisions, the Adviser uses a "bottom-up" approach focused on individual companies, rather than focusing on specific economic factors or specific industries. To facilitate its selection of investments that meet the criteria described above, the Adviser uses independent, in-house research to analyze each company. As part of this selection process, the Adviser's analysts typically visit companies and conduct other research on the companies and their industries.

Once the Adviser identifies a stock that it believes is selling at a significant discount to the Adviser's estimated intrinsic value and that the company has one or more of the additional qualities mentioned above, the Adviser may consider buying that stock for the Fund. The Adviser usually sells a stock when the price approaches its estimated intrinsic value. This means the Adviser sets specific "buy" and "sell" targets for each stock the Fund holds. The Adviser monitors each portfolio holding and adjusts these price targets as warranted to reflect changes in a company's fundamentals.

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OAKWX - Performance

Return Ranking - Trailing

Period OAKWX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.3% -35.6% 29.2% 2.01%
1 Yr 12.8% 17.3% 252.4% 6.25%
3 Yr 1.9%* -3.5% 34.6% 64.60%
5 Yr 8.2%* 0.1% 32.7% 57.05%
10 Yr 7.0%* -6.9% 18.3% 38.22%

* Annualized

Return Ranking - Calendar

Period OAKWX Return Category Return Low Category Return High Rank in Category (%)
2023 21.7% -24.3% 957.1% 49.53%
2022 -22.7% -38.3% 47.1% 15.68%
2021 8.4% -54.2% 0.6% 94.21%
2020 13.0% -76.0% 54.1% 71.89%
2019 28.3% -26.1% 47.8% 4.94%

Total Return Ranking - Trailing

Period OAKWX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.3% -35.6% 29.2% 2.01%
1 Yr 12.8% 11.4% 252.4% 6.14%
3 Yr 1.9%* -3.5% 34.6% 62.41%
5 Yr 8.2%* 0.1% 32.7% 55.44%
10 Yr 7.0%* -6.9% 18.3% 36.73%

* Annualized

Total Return Ranking - Calendar

Period OAKWX Return Category Return Low Category Return High Rank in Category (%)
2023 22.7% -24.3% 957.1% 49.53%
2022 -22.5% -33.1% 47.1% 15.80%
2021 24.9% -44.4% 1.8% 87.89%
2020 13.0% -6.5% 54.1% 56.22%
2019 29.8% -14.4% 47.8% 6.70%

NAV & Total Return History


OAKWX - Holdings

Concentration Analysis

OAKWX Category Low Category High OAKWX % Rank
Net Assets 1.06 B 199 K 133 B 22.37%
Number of Holdings 23 1 9075 92.84%
Net Assets in Top 10 587 M -18 M 37.6 B 15.64%
Weighting of Top 10 52.49% 9.1% 100.0% 5.95%

Top 10 Holdings

  1. Alphabet Inc 6.64%
  2. Charter Communications Inc 6.43%
  3. Intercontinental Exchange Inc 5.47%
  4. Lloyds Banking Group PLC 5.24%
  5. CNH Industrial NV 5.14%
  6. Capital One Financial Corp 4.94%
  7. Fiserv Inc 4.89%
  8. American International Group Inc 4.66%
  9. FIXED INC CLEARING CORP.REPO 4.62%
  10. Samsung Electronics Co Ltd 4.46%

Asset Allocation

Weighting Return Low Return High OAKWX % Rank
Stocks
90.82% 61.84% 125.47% 63.33%
Other
4.62% -13.98% 19.14% 72.69%
Preferred Stocks
4.46% -0.01% 5.28% 69.71%
Cash
0.10% -174.70% 23.12% 32.60%
Convertible Bonds
0.00% 0.00% 4.46% 66.41%
Bonds
0.00% -1.50% 161.67% 67.73%

Stock Sector Breakdown

Weighting Return Low Return High OAKWX % Rank
Communication Services
29.18% 0.00% 57.66% 4.19%
Financial Services
21.00% 0.00% 38.42% 2.42%
Healthcare
20.24% 0.00% 35.42% 4.19%
Technology
10.59% 0.00% 49.87% 97.69%
Consumer Cyclical
9.74% 0.00% 40.94% 18.83%
Real Estate
4.08% 0.00% 39.48% 8.37%
Industrials
2.76% 0.00% 44.06% 88.44%
Consumer Defense
2.42% 0.00% 73.28% 99.12%
Utilities
0.00% 0.00% 29.12% 92.07%
Energy
0.00% 0.00% 21.15% 89.21%
Basic Materials
0.00% 0.00% 38.60% 96.26%

Stock Geographic Breakdown

Weighting Return Low Return High OAKWX % Rank
US
51.55% 0.13% 103.82% 72.69%
Non US
39.27% 0.58% 99.46% 24.45%

OAKWX - Expenses

Operational Fees

OAKWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.14% 0.01% 44.27% 46.41%
Management Fee 0.77% 0.00% 1.82% 68.49%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.76% N/A

Sales Fees

OAKWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

OAKWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

OAKWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 49.00% 0.00% 395.00% 39.56%

OAKWX - Distributions

Dividend Yield Analysis

OAKWX Category Low Category High OAKWX % Rank
Dividend Yield 0.82% 0.00% 3.26% 65.86%

Dividend Distribution Analysis

OAKWX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Annually Annually

Net Income Ratio Analysis

OAKWX Category Low Category High OAKWX % Rank
Net Income Ratio 0.27% -4.27% 12.65% 70.45%

Capital Gain Distribution Analysis

OAKWX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

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OAKWX - Fund Manager Analysis

Managers

David Herro


Start Date

Tenure

Tenure Rank

Oct 02, 2006

15.67

15.7%

David Herro is the Chief Investment Officer – International Equities at Harris Associates L.P. and serves as a Deputy Chairman and a Portfolio Manager of a number of Oakmark funds. Mr. Herro has been managing international portfolios since 1986, previously managing international portfolios for The State of Wisconsin Investment Board and The Principal Financial Group. Mr. Herro, who joined Harris Associates in 1992, holds a BS in business and economics from the University of Wisconsin – Platteville (1983) and an MA in economics from the University of Wisconsin – Milwaukee (1985).

William Nygren


Start Date

Tenure

Tenure Rank

Oct 02, 2006

15.67

15.7%

William Nygren is a Partner and Portfolio Manager at Harris Associates L.P. He joined Harris Associates in 1983 as an investment analyst and later served as the firm’s director of research. Previously, he was an investment analyst with Northwestern Mutual Life Insurance Company. Mr. Nygren earned a BS in accounting from the University of Minnesota (1980) and an MS in finance from the University of Wisconsin – Madison’s Applied Security Analysis Program (1981). He is a CFA® charterholder.

Anthony Coniaris


Start Date

Tenure

Tenure Rank

Nov 30, 2016

5.5

5.5%

Anthony P. Coniaris, is the Co-Chairman, Portfolio Manager and an Analyst at Harris. He started at Harris Associates as a Research Associate in 1999 and became an analyst in 2003. He received an M.B.A. from Northwestern University (2005) and a B.A. in Business/Economics from Wheaton College (1999).

Eric Liu


Start Date

Tenure

Tenure Rank

Nov 30, 2016

5.5

5.5%

Eric Liu has been a manager of the Oakmark Global Select Fund since 2016. He is also an investment analyst on the international research team and a vice president of the Oakmark Funds. He joined Harris Associates in 2009 after serving as a research associate at Dodge & Cox and an investment banking analyst at Jefferies & Company. Mr. Liu earned a B.A. degree in economics and philosophy from the University of California Los Angeles (2001) and an M.B.A. from the University of Chicago (2009).

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 35.82 6.24 1.25