Oakmark Global IOAKGX

Morningstar Rating

Fund Research and Analysis

by John Coumarianos

Oakmark Global remains one of the finest world-stock funds.

This fund, managed by Clyde McGregor and Robert Taylor, is a relatively concentrated portfolio (around 50 holdings) of out-of-favor stocks chosen from anywhere in the world. Currently, the Read more

Kudos

Strong long-term returns.

Quality of advisor and overall Oakmark lineup.

Managers are tax-conscious. Read more

Risks

Relatively focused portfolio of names courts issue-specific risk.

Willingness to load up on individual sectors and countries will sting at times.

Hard-core value discipline is likely to be a burden during extended growth surges.

The fund changed its domestic manager in late 2003 and its foreign manager in late 2005.

Strategy

This fund's managers buy stocks that trade at discounts to their estimates of the stocks' intrinsic value. The managers take an all-cap approach; they aren't afraid to build big positions in individual Read more

Management

Rob Taylor took charge of the international portion of the fund in late 2005. Taylor has been part of Oakmark's international team since 1994, contributing to the long-term success of Oakmark International OAKIX. He is supported by David Herro (lead Read more

Inside Scoop

Like its siblings, this fund focuses on stocks that are trading at steep discounts to their intrinsic values. It buys stocks of all sizes and readily considers smaller-market Read more

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