The Oakmark International Small Cap Fund returned -2.9% for the fiscal year that ended September 30 compared to its benchmark, the MSCI World ex U.S. Small Cap Index, which returned -5.6% for the same period. The Fund slightly underperformed the benchmark for the recent quarter end, returning -0.8% compared to the MSCI World ex U.S. Small Cap Index return of -0.3% for the period. Since the Fund's inception in November 1995, it has returned an average of 8.6% per year.
The top contributing stock for the quarter was Tower Bersama Infrastructure (PTFRF), an Indonesia-based provider