Oakmark International Small Cap IOAKEX

Morningstar Rating

Fund Research and Analysis

by John Coumarianos

Oakmark International Small Cap doesn't look like an index, and that's why we like it.

This international value fund, run by veteran manager David Herro, goes against the grain, buying stocks that are unpopular but poised to recover. The fund can go Read more

Kudos

Strong long-term returns.

Fund adheres to strict value discipline in good and bad times.

Moderate asset base.

David Herro has more than $1 million invested in this fund, and he also has more than $1 million invested in Oakmark International. Read more

Risks

Emphasis on small caps courts risk.

Hard-core value discipline will lag during growth-led rallies.

Compact portfolio of 40 to 60 names courts issue-specific risk.

Penchant for building atypical country and sector weights can sting at times. Read more

Strategy

The manager invests in stocks trading at discounts of at least 40% of the estimates of their intrinsic values. He sells stocks that get within 10% of their estimates. The fund often carries a large emerging-markets Read more

Management

David Herro has been at the helm since the fund's 1995 inception. He is supported by analysts from Harris Associates' international team. Read more

Inside Scoop

This fund is bolder than most other foreign small/mid-cap value offerings. It buys small, beaten-down stocks, runs a concentrated portfolio, and is not afraid to buy stocks Read more

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