PORTFOLIO MANAGERS
(Yr joined Harris | Oakmark)
David G. Herro, CFA (1992) Eric Liu, CFA (2009) Tony Coniaris, CFA (1999) M. Colin Hudson, CFA (2005) John A. Sitarz, CFA, CPA (2013)
Expense ratios are as of the Fund’s most up-to-date prospectus dated January 28, 2025, as amended and restated January 30, 2025, March 14, 2025 and Might 19, 2025; precise bills could range. Returns for intervals lower than one yr aren’t annualized. Since inception returns for the indexes are calculated based mostly on the Investor Class inception date. “Linked efficiency”: Advisor and Institutional Class shares commenced operations on 11/30/2016. The efficiency attributed to the these share courses previous to that date is that of the Investor Class shares from 8/4/1999-11/30/2016. Efficiency previous to 11/30/2016 has not been adjusted to replicate the decrease bills of Advisor and Institutional Class shares which might have had related, however probably greater returns because of decrease bills. R6 Class shares commenced operations on 12/15/2020. The efficiency attributed to the R6 Class shares previous to that date is that of the Investor Class shares from 8/4/1999-11/30/2016, after which the efficiency of the Institutional Class shares from 11/30/2016-12/15/2020. Efficiency previous to 12/15/2020 has not been adjusted to replicate the decrease bills of R6 Class shares. Throughout this era, R6 Class shares would have had related, however probably greater returns because of decrease bills.
Previous efficiency isn’t any assure of future outcomes. The efficiency information quoted represents previous efficiency. Present efficiency could also be decrease or greater than the efficiency information quoted. Complete return contains change in share costs and, in every case, contains reinvestment of dividends and capital acquire distributions. The funding return and principal worth range in order that an investor’s shares, when redeemed, could also be price kind of than the unique value.
The securities talked about above comprise the next percentages of the Oakmark World Fund’s complete web belongings as of 09/30/2025: Alibaba Group 2.4%, Alphabet Cl A 2.1%, Amazon.com 0%, Centene 0%, Constitution Communications Cl A 1.5%, CNH Industrial 2.6%, Dassault Systemes 1.0%, Hexagon
1.8%, Kering 3.0%, Molina Healthcare 1.6%, Salesforce 1.0%, St. James’s Place 0% and Targa Sources 2.3%. Portfolio holdings are topic to vary with out discover and aren’t supposed as suggestions of particular person shares.
Entry the complete listing of holdings for the Oakmark World Fund right here or go to www.oakmark.com.
The data, information, analyses, and opinions introduced herein (together with present funding themes, the portfolio managers’ analysis and funding course of, and portfolio traits) are for informational functions solely and symbolize the investments and views of the portfolio managers and Harris Associates L.P. as of the date written and aretopic to vary and should change based mostly on market and different situations with out discover.
This content material isn’t a suggestion of or a proposal to purchase or promote a safety and isn’t warranted to be appropriate, full or correct.
Sure feedback herein are based mostly on present expectations and are thought of “forward-looking statements.” These forward-looking statements replicate assumptions and analyses made by the portfolio managers and Harris Associates L.P. based mostly on their expertise and notion of historic tendencies, present situations, anticipated future developments, and different components they imagine are related. Precise future outcomes are topic to a variety of funding and different dangers and should show to be completely different from expectations. Readers are cautioned to not place undue reliance on the forwardlooking statements.
The MSCI World Index (NET) is a free float-adjusted, market capitalization-weighted index that’s designed to measure the worldwide fairness market efficiency of developed markets. The index covers roughly 85% of the free floatadjusted market capitalization in every nation. This benchmark calculates reinvested dividends web of withholding taxes. This index is unmanaged and traders can’t make investments instantly on this index.
The MSCI World Worth Index (NET) captures large- and midcap securities exhibiting general worth type traits throughout 23 Developed Markets. The worth funding type traits for index development are outlined utilizing three variables: ebook value-to-price, 12-month ahead earningsto-price, and dividend yield. The Complete Return Index (NET) contains reinvested dividends web of overseas withholding tax. This index is unmanaged and traders can’t make investments instantly on this index.
From time to time, Harris could decide, based mostly on its evaluation of a selected multi-national issuer, {that a} nation classification completely different from MSCI greatest displays the issuer’s nation of funding threat. In these situations, stories with nation weights and
efficiency attribution will differ from stories utilizing MSCI classifications. Harris makes use of its personal nation classifications in its reporting processes, and these classifications are mirrored within the included supplies.
Worth shares could fall out of favor with traders and underperform development shares throughout given intervals.
The Fund’s portfolio tends to be invested in a comparatively small variety of shares. In consequence, the appreciation or depreciation of anybody safety held by the Fund can have a higher affect on the Fund’s web asset worth than it will if the Fund invested in a bigger variety of securities. Though that technique has the potential to generate enticing returns over time, it additionally will increase the Fund’s volatility.
Investing in overseas securities presents dangers that in some methods could also be higher than U.S. investments. These dangers embody: foreign money fluctuation; completely different regulation, accounting requirements, buying and selling practices and ranges of obtainable data; typically greater transaction prices; and political dangers.
All data offered is as of 09/30/2025 until in any other case specified.
Earlier than investing in any Oakmark Fund, it’s best to rigorously take into account the Fund’s funding aims, dangers, administration charges and different bills. This and different essential data is contained in a Fund’s prospectus and abstract prospectus. Please learn the prospectus and abstract prospectus rigorously earlier than investing. For extra data, please go to Oakmark.com or name 1-800-OAKMARK (1-800- 625-6275).
Natixis Distribution, LLC (Member FINRA | SIPC), a restricted objective broker-dealer and the distributor of assorted registered funding corporations for which advisory providers are offered by associates of Natixis Funding Managers, is a advertising and marketing agent for the Oakmark Funds.
Harris Associates Securities L.P., Distributor, Member FINRA.
