Previous efficiency is no assure of future outcomes. The efficiency information quoted represents previous efficiency. Present efficiency could also be decrease or greater than the efficiency information quoted. Complete return consists of change in share costs and, in every case, consists of reinvestment of dividends and capital acquire distributions. The funding return and principal worth range in order that an investor’s shares, when redeemed, could also be price kind of than the unique value.
The securities talked about above comprise the next percentages of the Oakmark International Choose Fund’s complete web property as of 06/30/2025: Alibaba Group 3.2%, Bayer 4.2%, Becton Dickinson 4.7%, BMW 2.0%, BNP Paribas 5.1%, Capital One Monetary 4.7%, Danone 0.0%, DSV 2.8%, Fiserv 0.0%, IQVIA
Holdings 5.2%, Lloyds Banking Group 0.0% and Prosus 4.6%. Portfolio holdings are topic to change with out discover and will not be meant as suggestions of particular person shares.
Entry the complete record of holdings for the Oakmark International Choose Fund as of the newest quarter-end.
The knowledge, information, analyses, and opinions introduced herein (together with present funding themes, the portfolio managers’ analysis and funding course of, and portfolio traits) are for informational functions solely and characterize the investments and views of the portfolio managers and Harris Associates L.P. as of the date written and are topic to alter and will change primarily based on market and different situations with out discover.
This content material will not be a suggestion of or a suggestion to purchase or promote a safety and isn’t warranted to be appropriate, full or correct.
Sure feedback herein are primarily based on present expectations and are thought-about “forward-looking statements.” These forward-looking statements replicate assumptions and analyses made by the portfolio managers and Harris Associates L.P. primarily based on their expertise and notion of historic traits, present situations, anticipated future developments, and different elements they imagine are related. Precise future outcomes are topic to quite a lot of funding and different dangers and will show to be completely different from expectations. Readers are cautioned to not place undue reliance on the forward-looking statements.
The MSCI World Index (Internet) is a free float-adjusted, market capitalization-weighted index that’s designed to measure the worldwide fairness market efficiency of developed markets. The index covers roughly 85% of the free float-adjusted market capitalization in every nation. This benchmark calculates reinvested dividends web of withholding taxes. This index is unmanaged and buyers can not make investments straight on this index.
The MSCI World Worth Index (Internet) captures large- and mid-cap securities exhibiting general worth fashion traits throughout 23 Developed Markets. The worth funding fashion traits for index development are outlined utilizing three variables: e book value-to-price, 12-month ahead earnings-to-price, and dividend yield. The Complete Return Index (Internet) consists of reinvested dividends web of overseas withholding tax. This index is unmanaged and buyers can not make investments straight on this index.
Now and again, Harris might decide, primarily based on its evaluation of a selected multi-national issuer, {that a} nation classification completely different from MSCI finest displays the issuer’s nation of funding danger. In these cases, reviews with nation weights and efficiency attribution will differ from reviews utilizing MSCI classifications. Harris makes use of its personal nation classifications in its reporting processes, and these classifications are mirrored within the included supplies.
The Fund’s portfolio tends to be invested in a comparatively small variety of shares. Consequently, the appreciation or depreciation of anyone safety held by the Fund can have a larger impression on the Fund’s web asset worth than it could if the Fund invested in a bigger variety of securities. Though that technique has the potential to generate engaging returns over time, it additionally will increase the Fund’s volatility.
Investing in overseas securities presents dangers that in some methods could also be larger than U.S. investments. These dangers embody: forex fluctuation; completely different regulation, accounting requirements, buying and selling practices and ranges of obtainable data; usually greater transaction prices; and political dangers.
All data offered is as of 06/30/2025 until in any other case specified.
Earlier than investing in any Oakmark Fund, you ought to fastidiously think about the Fund’s funding aims, dangers, administration charges and different bills. This and different vital data is contained in a Fund’s prospectus and abstract prospectus. Please learn the prospectus and abstract prospectus fastidiously earlier than investing. For extra data, please go to The Oakmark Funds | International Asset Supervisor | Worth Investing Redefined or name 1-800-OAKMARK (1-800-625-6275).
Natixis Distribution, LLC (Member FINRA | SIPC), a restricted function broker-dealer and the distributor of varied registered funding firms for which advisory companies are offered by associates of Natixis Funding Managers, is a advertising agent for the Oakmark Funds.
Harris Associates Securities L.P., Distributor, Member FINRA.
