Oakmark Global Select IOAKWX

Morningstar Rating

Fund Research and Analysis

by John Coumarianos

Oakmark Global Select is shaping up to be the fund we thought it would be.

After a brutal start in late 2006, this world-stock fund has found its form. Led by two former Morningstar Managers of the Year, Bill Nygren and David Herro, this roughly 20-stock Read more

Kudos

Experienced managers who invest a lot of their own money in the funds they run.

Long-term value-oriented business owners' approach makes sense and has worked at other funds.

Advisor has a strong stewardship profile. Read more

Risks

Harris' bottom-up style usually leads to returns that won't move in step with benchmarks' or peers'.

Concentrated profile, regarding sector exposures as well as individual names, can exacerbate the above.

Fund started out rather pricey, though expenses have declined to a more acceptable level. Read more

Strategy

This fund's portfolio, like other Oakmark funds, is home to stocks of firms with cheap valuations, growing business values, and executives whose incentives are aligned with shareholders'. The fund will Read more

Management

Two former Morningstar Fund Managers of the Year call the shots here. Bill Nygren, who also runs Oakmark Fund OAKMX and Oakmark Select OAKLX won the domestic-stock award in 2001. David Herro, Harris Associates' International Equity Chief Investment Read more

Inside Scoop

Fans of a high-conviction, value-oriented, global stock-pickers fund should give this fund a look. Two former Morningstar Managers of the Year call the shots for its focused Read more

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