- As long-term value investors, Harris Associates views market downturns as an opportunity.
- During periods of volatility, it is important for investors to remember that price movement does not equal value movement.
- COVID-19 is causing a temporary market disruption, but the situation is likely to return to normal over the long-term.
Oakmark International Fund and International Small Cap Fund Risks:
Equity securities are volatile and can decline significantly in response to broad market and economic conditions. Value investing carries the risk that a security can continue to be undervalued by the market for long periods of time. Foreign and emerging market securities may be subject to greater political, economic, environmental, credit, currency and information risks. Foreign securities may be subject to higher volatility than U.S. securities, due to varying degrees of regulation and limited liquidity. These risks are magnified in emerging markets. Currency exchange rates between the U.S. dollar and foreign currencies may cause the value of the fund’s investments to decline. Concentrated investments in a particular region, sector, or industry may be more vulnerable to adverse changes in that industry or the market as a whole.
Additional Risk for Oakmark International Small Cap Fund:
Smaller company investments can be more volatile than those of larger companies.
Before investing in any Oakmark Fund, you should carefully consider the Fund's investment objectives, risks, management fees and other expenses. This and other important information is contained in a Fund's prospectus and summary prospectus. Please read the prospectus and summary prospectus carefully before investing. For more information, please call 1-800-OAKMARK (625-6275).
This material is provided for informational purposes only and should not be construed as investment advice. There can be no assurance that developments will transpire as forecasted. Actual results may vary. The views and opinions expressed are as of March 11, 2020 and may change based on market and other conditions.
Natixis Distribution, L.P. (Member FINRA | SIPC) is a marketing agent for the Oakmark Funds, a limited purpose broker-dealer and the distributor of various registered investment companies for which advisory services are provided by affiliates of Natixis Investment Managers.