Oakmark International Small Cap Fund Q4 2024 Commentary

2025-01-16 00:01:00 ET

Summary

• The Fund returned -10.92% versus -7.86% for the MSCI World ex USA Small Cap Index (net) for the quarter. Since its inception in November 1995, the Fund has returned an average of 8.26% per year.
• At the sector level, no specific sector contributed to performance, while the largest detractors were industrials and information technology.
• Geographically, the top three country allocations were 57.0% in Europe ex U.K., 16.6% in the U.K. and 8.9% in Asia ex Japan.
• For the quarter, Australia, South Korea and Norway were contributors to relative performance. Germany, Japan and Israel were detractors from relative performance. Emerging markets accounted for 13.3% of the portfolio.

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