Harris Associates
Global All Cap Equity Strategy
Overview
Why Choose This Strategy?
- For exposure to US and international stocks, regardless of their capitalization.
- As an actively managed, value-oriented, global equity holding.
Investment Strategy
- Strict, value-oriented approach that seeks out substantially underpriced companies with strong business fundamentals and proven shareholder-oriented management teams.
- Bottom-up selection process leads to the selection of approximately 30-60 companies from our approved list of US and international stocks.
- Market capitalization focus $1 billion and greater at the time of initial purchase.
- There are no specific country, sector or industry targets, as allocations are determined entirely through the stock selection process.
- Typically, portfolios have no more than 30% invested in a single country (except the US) and no more than 25% in any industry.
- Position sizes are subject to a 7% maximum at the time of initial purchase.
- Foreign currency exposure may be hedged defensively for any currencies deemed significantly overvalued.
- Investment in emerging market securities is permitted only in countries that meet specific legal standards.
Facts
ObjectiveInvestors seeking exposure to U.S. and international stocks, regardless of their capitalization. |
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Inception Date07/01/07 |
Management
Harris Associates
Joined the Firm | Began Investment Career | |
---|---|---|
David G. Herro, CFA®Partner, Deputy Chairman, Portfolio Manager and Chief Investment Officer – International Equities |
1992 | 1986 |
1999 | 1999 | |
2011 | 1999 | |
2005 | 1998 | |
2013 | 2012 |
Sales & Support
For Financial Professionals
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