BCKIF - Oakmark International Small Cap Fund: 2Q 2020
For the quarter ended June 30, 2020, the Oakmark International Small Cap Fund returned 24.7%, comparing favorably to the MSCI World ex U.S. Small Cap Index, which returned 21.7% for the same period. Since the Fund's inception in November 1995, it has returned an average of 7.7% per year.
Following significant share price declines across equities during the first quarter, the second quarter proved a much better environment. All but three of our holdings generated positive returns. Many of our largest contributors this quarter were companies that significantly detracted from returns a quarter ago, including