Skip to Content
Fund Times

Oakmark International Announces Soft Close

The fund is closing to most new third-party investors after taking in a net $9.7 billion in 2017.

On Jan. 26, 2018, Oakmark International (OAKIX) closed to most new third-party investors to help preserve its flexibility. The fund will remain open to existing shareholders and all investors who buy shares directly through Oakmark, retirement plans, and certain fee-based programs.

The move to limit availability comes after the fund took in a net $9.7 billion from investors in 2017. That influx, combined with appreciation from 2017's rally, recently pushed the fund's asset base over $48 billion, and lead manager David Herro runs more than $7 billion in the strategy outside of the fund. The fund previously closed in a similar manner from October 2013 to July 2016 to stem the tide of inflows. It retains its Morningstar Analyst Rating of Gold.

Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.

We’d like to share more about how we work and what drives our day-to-day business.

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

How we use your information depends on the product and service that you use and your relationship with us. We may use it to:

  • Verify your identity, personalize the content you receive, or create and administer your account.
  • Provide specific products and services to you, such as portfolio management or data aggregation.
  • Develop and improve features of our offerings.
  • Gear advertisements and other marketing efforts towards your interests.

To learn more about how we handle and protect your data, visit our privacy center.

Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

Read our editorial policy to learn more about our process.