The securities talked about above comprise the next percentages of the Oakmark Worldwide Small Cap Fund’s whole internet belongings as of 12/31/2024: Public sale Expertise Group 0.4%, Campari 1.8%, Crayon Group Holding 0%, Euronext 0%,
Gildan Activewear 0%, Julius Baer Group 3.0%, LANXESS 2.6%, SoftwareONE Holding 0.9%, Sopra Steria Group 0.4%, St. James’s Place 2.2%, Strauss Group 1.0% and Wynn Macau 2.5%. Portfolio holdings are topic to alter with out discover and are usually not meant as suggestions of particular person shares.
Entry the total listing of holdings for the Oakmark Worldwide Small Cap Fund as of the newest quarter-end.
The data, knowledge, 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 should change primarily based on market and different situations with out discover.
This content material isn’t a suggestion of or a proposal 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 ahead wanting 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 consider are related. Precise future outcomes are topic to quite a few funding and different dangers and should show to be completely different from expectations. Readers are cautioned to not place undue reliance on the forward-looking statements.
The MSCI World ex USA Small Cap Index (Web) is designed to measure efficiency of small-cap shares throughout 22 of 23 Developed Markets (excluding the USA). The index covers roughly 14% of the free float-adjusted market capitalization in every nation. This benchmark calculates reinvested dividends internet of withholding taxes. This index is unmanaged and traders can’t make investments immediately on this index.
The MSCI World ex U.S. Index (Web) is a free float-adjusted, market capitalization-weighted index that’s designed to measure worldwide developed market fairness efficiency, excluding the U.S. The index covers roughly 85% of the free float-adjusted market capitalization in every nation. This benchmark calculates reinvested dividends internet of withholding taxes. This index is unmanaged and traders can’t make investments immediately on this index.
From time to time, Harris might decide, primarily based on its evaluation of a selected multi-national issuer, {that a} nation classification completely different from MSCI greatest displays the issuer’s nation of funding threat. In these situations, stories with nation weights and efficiency attribution will differ from stories 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 Oakmark Worldwide Small Cap Fund’s portfolio tends to be invested in a comparatively small variety of shares. Because of this, the appreciation or depreciation of anyone safety held by the Fund can have a higher influence on the Fund’s internet asset worth than it might 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.
The shares of smaller firms usually contain extra threat than the shares of bigger firms. Shares of small firms are typically extra unstable and have a smaller public market than shares of bigger firms. Small firms might have a shorter historical past of operations than bigger firms, might not have as nice a capability to boost extra capital and should have a much less diversified product line, making them extra inclined to market stress.
Investing in overseas securities presents dangers that in some methods could also be higher than U.S. investments. These dangers embrace: foreign money fluctuation; completely different regulation, accounting requirements, buying and selling practices and ranges of obtainable info; typically increased transaction prices; and political dangers.
All info offered is as of 12/31/2024 until in any other case specified.
Earlier than investing in any Oakmark Fund, you must fastidiously contemplate the Fund’s funding goals, dangers, administration charges and different bills. This and different vital info is contained in a Fund’s prospectus and abstract prospectus. Please learn the prospectus and abstract prospectus fastidiously earlier than investing. For extra info, please go to Oakmark.com or name 1-800-OAKMARK (1-800-625-6275).
Natixis Distribution, LLC (Member FINRA | SIPC), a restricted function broker-dealer and the distributor of assorted registered funding firms for which advisory providers are offered by associates of Natixis Funding Managers, is a advertising agent for the Oakmark Funds.
Harris Associates Securities L.P., Distributor, Member FINRA.
