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Oakmark International closes to third party intermediaries

TheShadowTheShadow
edited January 2018 in Fund Discussions
https://www.sec.gov/Archives/edgar/data/872323/000110465918004132/a18-3299_12497k.htm

I also received an email from Oakmark indicating the same.

Excerpt from email:

The Oakmark International Fund will close to new investors at most third-party intermediaries effective 1/26/18.

Excerpt from SEC filing:

PURCHASE AND SALE OF FUND SHARES

Shares of the Fund may be purchased and sold (redeemed) on any business day, normally any day when the New York Stock Exchange is open for regular trading. Such purchases and redemptions can be made through a broker-dealer or other financial intermediary, or directly with the Fund by writing to The Oakmark Funds at P.O. Box 219558 Kansas City, MO 64121-9558, or accessing our website (Oakmark.com). You may pay brokerage commissions on your purchases and sales of Institutional Class shares, which are not described in this prospectus.

The Fund is closed to most new investors as of the close of business on January 26, 2018. See "ELIGIBILITY TO BUY SHARES" in the Fund's prospectus for account eligibility criteria.

Comments

  • sfnative
    A few years ago the fund was closed and shortly thereafter it entered a period of extreme volatility. It can be a difficult fund to hold onto (speaking from experience). We'll see how many of 2017's new investors stick around should things get dicey once again.
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