4 / 5 Stars
5 5 3 5 2
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
5 / 5 Stars
#40 in World Stock
U.S. News evaluated 306 World Stock Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 21.54 percent over the past year, 10.75 percent over the past three years, 19.12 percent over the past five years, and 8.77 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||-3.1%|
|3 Years (Annualized)||10.8%|
|5 Years (Annualized)||19.1%|
|10 Years (Annualized)||8.8%|
Oakmark Global has been having a slow year.
As of February 05, 2014, the fund has assets totaling almost $3.18 billion invested in 44 different holdings. Its portfolio consists primarily of shares of large and midsized companies.
This year has been challenging for the fund. As of the end of the first quarter, despite being in the black, it was, at least in relative terms, having one of its worst years in recent memory. In particular, the fund's hefty exposure to Japanese stocks has been detrimental in 2011. While Japan's stock market has improved since its punishing plunge on the heels of an earthquake and a nuclear scare, share prices remain relatively weak. Japanese companies Daiwa Securities and Square Enix Holdings, both among the fund's top holdings, have been among the detractors to the fund's performance. The fund also has a substantial stake in Swiss companies, which have also been a disappointment in 2011. The fund has returned 21.54 percent over the past year and 10.75 percent over the past three years.
Apart from its fairly compact nature, this fund's portfolio is moderate in a number of ways. As of the end of the first quarter, 45 percent of its stock holdings were in U.S. companies; meanwhile, it had no exposure to emerging markets. Over time, the fund has put together top-notch numbers. As of the end of April, its trailing 10-year returns landed it in the top percentile of its Morningstar category. The fund has returned 19.12 percent over the past five years and 8.77 percent over the past decade.
According to the fund's prospectus: "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 the company's intrinsic or true business value. By 'true business value,' we mean an estimate of the price a knowledgeable buyer would pay to acquire the entire business."
Role in Portfolio
Morningstar calls the fund a "core" holding.
Clyde McGregor and Robert Taylor manage the fund.
Oakmark Global Fund has an expense ratio of 1.13 percent.
Like all stock funds, this one is comes with some risks.