The securities talked about above comprise the next percentages of the Oakmark Worldwide Small Cap Fund’s whole internet property 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 will not be meant as suggestions of particular person shares.
Entry the complete listing of holdings for the Oakmark Worldwide Small Cap Fund as of the newest quarter-end.
The data, 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 should change primarily based on market and different circumstances with out discover.
This content material is just not a suggestion of or a suggestion to purchase or promote a safety and isn’t warranted to be right, full or correct.
Sure feedback herein are primarily based on present expectations
and are thought of “forward-looking statements.” These ahead wanting statements mirror assumptions and analyses made by the portfolio managers and Harris Associates L.P. primarily based on their expertise and notion of historic traits, present circumstances, anticipated future developments, and different elements they imagine are related. Precise future outcomes are topic to a variety of funding and different dangers and should show to be totally different from expectations. Readers are cautioned to not place undue reliance on the forward-looking statements.
The MSCI World ex USA Small Cap Index (Internet) 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 not make investments immediately on this index.
The MSCI World ex U.S. Index (Internet) 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 not make investments immediately on this index.
Now and again, Harris might decide, primarily based on its evaluation of a selected multi-national issuer, {that a} nation classification totally different from MSCI finest displays the issuer’s nation of funding danger. In these situations, studies with nation weights and efficiency attribution will differ from studies 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 anybody safety held by the Fund could have a better influence on the Fund’s internet asset worth than it could if the Fund invested in a bigger variety of securities. Though that technique has the potential to generate enticing returns over time, it additionally will increase the Fund’s volatility.
The shares of smaller firms typically contain extra danger 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 lift extra capital and should have a much less diversified product line, making them extra vulnerable to market strain.
Investing in overseas securities presents dangers that in some methods could also be better than U.S. investments. These dangers embody: forex fluctuation; totally different regulation, accounting requirements, buying and selling practices and ranges of obtainable data; usually increased transaction prices; and political dangers.
All data supplied is as of 12/31/2024 until in any other case specified.
Earlier than investing in any Oakmark Fund, you must rigorously take into account the Fund’s funding aims, dangers, administration charges and different bills. This and different essential data is contained in a Fund’s prospectus and abstract prospectus. Please learn the prospectus and abstract prospectus rigorously earlier than investing. For extra data, please go to Oakmark.com or name 1-800-OAKMARK (1-800-625-6275).
Natixis Distribution, LLC (Member FINRA | SIPC), a restricted goal broker-dealer and the distributor of assorted registered funding firms for which advisory companies are supplied by associates of Natixis Funding Managers, is a advertising agent for the Oakmark Funds.
Harris Associates Securities L.P., Distributor, Member FINRA.
