Having trouble finding a Non US – Equity fund? Oakmark International Investor (OAKIX) is a possible starting point. OAKIX has a Zacks Mutual Fund Rank of 3 (Hold), which is based on various forecasting factors like size, cost, and past performance.
We classify OAKIX in the Non US – Equity category, which is an area rife with potential choices. Investing in companies outside the United States is how Non US – Equity funds set themselves apart, since global funds tend to keep a good portion of their portfolio stateside. Many of these funds like to allocate across emerging and developed markets, and will often focus on all cap levels.
OAKIX is a part of the Oakmark family of funds, a company based out of Kansas City, MO. Since Oakmark International Investor made its debut in September of 1992, OAKIX has garnered more than $4.25 billion in assets. The fund’s current manager is a team of investment professionals.
Obviously, what investors are looking for in these funds is strong performance relative to their peers. This fund carries a 5-year annualized total return of 10.97%, and is in the middle third among its category peers. If you’re interested in shorter time frames, do not dismiss looking at the fund’s 3-year annualized total return of 11.32%, which places it in the bottom third during this time-frame.
It is important to note that the product’s returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund’s [%] sale charge. If sales charges were included, total returns would have been lower.
When looking at a fund’s performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. OAKIX’s standard deviation over the past three years is 20.72% compared to the category average of 14.6%. The standard deviation of the fund over the past 5 years is 22.67% compared to the category average of 14.18%. This makes the fund more volatile than its peers over the past half-decade.
With a 5-year beta of 1.02, the fund is likely to be as volatile as the market average. Alpha is an additional metric to take into consideration, since it represents a portfolio’s performance on a risk-adjusted basis relative to a benchmark, which in this case, is the S&P 500. Over the past 5 years, the fund has a negative alpha of -3.47. This means that managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.