Fund Evaluator:
Oakmark International Investor (OAKIX)
Follow This Fund
Best Performing in Foreign Large Value Over the Last Year
| 45.8% | Touchstone International Value Y (SIIEX) |
| 44.6% | Carillon ClariVest Intl Stock I (EISIX) |
| 43.4% | Smead International Value Inv (SVXLX) |
| 34.2% | Pzena International Value Investor (PZVNX) |
| 34.1% | GMO International Opportunistic Val I (IOVFX) |
Fund Details
Oakmark International Investor Overview
Oakmark International Investor (OAKIX) is an actively managed International Equity Foreign Large Value fund. Oakmark launched the fund in 1992.
The investment seeks long-term capital appreciation. The fund invests primarily in a diversified portfolio of common stocks of non-U.S. companies. It may invest in non-U.S. markets throughout the world, including emerging markets. Ordinarily, the fund will invest in the securities of at least five countries outside of the U.S. There are no geographic limits on the fund's non-U.S. investments. The fund may invest in securities of large-, mid-, and small- capitalization companies.
About Oakmark International Investor (OAKIX)
There are 3 members of the management team with an average tenure of 12.56 years: Anthony Coniaris (2025), Eric Liu (2023), David Herro (1992). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: MSCI World ex USA NR USD index with a weighting of 100% and MSCI EAFE NR USD index with a weighting of 100%. Oakmark International Investor has 73 securities in its portfolio. The top 10 holdings constitute 24.3% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Oakmark International Investor is part of the Equity global asset class and is within the International Equity fund group. Oakmark International Investor has 93.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 4.1%. There is 93.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Oakmark International Investor has 2.2% of the portfolio in cash.
Assets Under Management
The fund has $3 billion in total assets, which is above the $951 million average for the Foreign Large Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
OAKIX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Oakmark International Investor expense ratio is high compared to funds in the Foreign Large Value category. Oakmark International Investor has an expense ratio of 1.06%, which is 1% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Oakmark International Investor has a portfolio turnover rate of 51%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Foreign Large Value category.
Recently, in the month of June 2026, Oakmark International Investor returned -0.3%, which earned it a grade of C, as the Foreign Large Value category had an average return of -0.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Oakmark International Investor has a trailing yield of 1.83%, which is below the 2.87% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Oakmark International Investor Grades
Year to date, the fund has returned 1.0%, 9.8 percentage points worse than the category, which translates into a grade of F. The fund has returned 10.0% over the past year (grade of F), 8.9% over the past three years (grade of F) and 4.1% per year over the past five years (grade of F) and 8.1% per year over the past 10 years (grade of F).
For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about Oakmark International Investor, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
OAKIX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| OAKIX Return (NAV) | -0.3% | 7.9% | 10.0% | 8.9% | 4.1% | 8.1% |
| OAKIX Grade | C | C | F | F | F | F |
| +/- Category | 0.3% | 0.1% | -15.2% | -10.4% | -7.2% | -1.8% |
| Foreign Large Value Avg | -0.6% | 7.8% | 25.2% | 19.3% | 11.3% | 9.8% |
| OAKIX Tax Cost Ratio | na | na | 0.8% | 0.6% | 0.6% | 0.7% |
OAKIX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| OAKIX Return (NAV) | 1.0% | 32.4% | -4.6% | 18.8% | -15.7% | 9.0% | 4.9% | 24.2% | -23.4% | 29.8% | 7.9% |
| OAKIX Grade | F | F | F | C | F | F | B | A | F | A | A |
| +/- Category | -9.8% | -6.3% | -9.0% | 1.0% | -6.2% | -3.3% | 2.3% | 5.2% | -7.0% | 6.7% | 4.9% |
| Foreign Large Value Avg | 10.7% | 38.6% | 4.4% | 17.8% | -9.5% | 12.4% | 2.6% | 19.0% | -16.4% | 23.0% | 3.0% |
| Risk Measures | |
| Standard Deviation: | 15.5% |
| Total Risk Index: | 1.27 - Above Average |
| Category Risk Index: | 1.20 - High |
| Category Risk Grade: | F (97% Rank) |
| Beta: | 1.03 |
| R-Squared: | 86% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | 1.8% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $12424 Mil |
| Fund Total Assets: | $3,461 Mil |
| Share Class Type: | Inv |
| Portfolio Turnover: | 51% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 33.8 years | |||
| Average Tenure: 12.6 years | |||
| Managers (Year): Herro David (1992), Liu Eric (2023), Coniaris Anthony (2025) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 73 |
| % in Top 10 Holdings: | 24.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 93.7% |
Portfolio Allocation |
|
| Domestic Stock: | 4.1% |
| Foreign Stock: | 93.7% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.2% |
Purchase Information
| Fund Family: | Oakmark |
| Phone Number: | 800-625-6275 |
| Website: | www.oakmark.com |
| Status: | Open |
| Inception Date: | September 30, 1992 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 1.06% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.05% |
| Share Class: | Oakmark International Investor |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
