Oakmark International Equity Class

NXG 6138
Fund Code
2015-09-17
Inception Date
$43,018,538
As of 2020-05-26
Total Net Assets
$7.0337
(Dividend, F)
As of 2020-05-26
NAVPS
International Equity
Asset Class
MSCI World ex USA Index (CAD)
Benchmark

Fund Overview

Investment Objective

  • Seeks to provide long-term capital appreciation primarily through investment in a diversified portfolio of common stocks of non-U.S. companies.

Investment Strategy

  • The Fund will invest in non-U.S. markets throughout the world, including emerging markets. Ordinarily, the Fund will invest in the securities of at least five countries outside of the U.S. There are no geographic limits on the Fund’s non-U.S. investments.
  • The Fund may invest in securities of large, mid, and small-capitalization companies.
  • The Fund uses a value investment philosophy in selecting equity securities. This investment philosophy is based upon the belief that, over time, a company’s stock price converges with Harris’ estimate of its intrinsic or true business value. By “true business value”, Harris means an estimate of the price a knowledgeable buyer would pay to acquire the entire business. Harris believes that investing in securities priced significantly below their true business value presents the best opportunity to achieve the Fund’s investment objective.
  • Harris uses the value investment philosophy to identify companies that it believes have discounted stock prices compared to the companies’ true business value. In assessing such companies, Harris looks for the following characteristics, although the companies selected may not have all of these attributes: (1) free cash flows and intelligent investment of excess cash; (2) earnings that are growing and are reasonably predictable; and (3) high level of company management ownership.

Reasons to own the fund

  • Investors who want exposure to equities outside of the U.S.
  • Investors seeking long-term capital growth from their investments and are comfortable with the risks associated with equity investments.

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