VTSCF - Oakmark International Small Cap Fund: First Calendar Quarter 2024 Commentary

2024-04-10 04:20:00 ET

Summary

• We are value investors. In constructing portfolios for our clients, we seek out companies that we believe are trading in the market at significant discounts to their underlying value. These businesses must offer significant profit potential and be run by managers who think and act as owners.
• We believe in the importance of intensive, fundamental research. Our research process is based on a disciplined quantitative and qualitative screening process.
• The Oakmark International Small Cap Fund returned 0.51% for the quarter ending March 31, underperforming the benchmark, the MSCI World ex USA Small Cap Index, which returned 2.58% for the same period.
• Konecranes was a top contributor during the quarter.
• St. James’s Place was a top detractor during the quarter.

The Oakmark International Small Cap Fund ( OAKEX ) ("the Fund") returned 0.51% for the quarter ending March 31, underperforming the benchmark, the MSCI World ex USA Small Cap Index (net), which returned 2.58% for the same period. Since its inception in November 1995, the Fund has returned an average of 8.62% per year. For additional color on our views of the market environment during the most recent quarter, please see our international market commentary ....

For further details see: