International Small Cap

International Small Cap Equity portfolios are composed of securities that we believe trade at a significant discount to our estimate of intrinsic value, have intrinsic values that grow with time and have shareholder-oriented management teams.
 
Our bottom-up portfolio construction leads to the selection of approximately 35 to 70 attractive small-cap companies from our approved list of international stocks. The market capitalization focus is less than $7.5 billion at the time of initial purchase. We do not strive for specific country, sector or industry exposure -- these allocations instead are determined strictly through our stock selection process.

Foreign currency exposure may be hedged defensively in the International Small Cap Equity strategy for any currencies that we believe are significantly overvalued. Investment in emerging market securities is permitted only in countries that meet our legal standards.

Learn more about the investment philosophy and process that guide all of the strategies at Harris Associates.

Meet our Portfolio Managers

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Portfolio Management

David G. Herro, CFA

Partner, Portfolio Manager and Chief Investment Officer - International Equity

Michael L. Manelli, CFA

Partner and Portfolio Manager

Justin D. Hance, CFA

Partner and Director of International Research

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Portfolio Management

David G. Herro, CFA

Partner, Portfolio Manager and Chief Investment Officer - International Equity

Michael L. Manelli, CFA

Partner and Portfolio Manager

Justin D. Hance, CFA

Partner and Director of International Research

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Strategy Commentary

International Small Cap Strategy

Major global markets finished mixed in the third quarter. August served as the most volatile month, bookended by relatively flat performance in July and September.

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Contact Us to Learn More

For questions please contact us or call 312-646-3600

Before investing in any Oakmark Fund, you should carefully consider the Fund's investment objectives, risks, management fees and other expenses. This and other important information is contained in a Fund's prospectus and summary prospectus. Please read the prospectus and summary prospectus carefully before investing. For more information, please call 1-800-OAKMARK (625-6275). Harris Associates Securities L.P., Distributor.

Past performance is no guarantee of future results.

This site is intended for residents of the U.S. only. The information on the website does not constitute an offer for products or services, or a solicitation of an offer to any person outside of the United States who is prohibited from receiving such information under the laws applicable to their place of citizenship, domicile or residence.

 

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