$VSS

The Oakmark International Small Cap Fund's Q1 2026 commentary indicates a positive outlook on international small-cap equities, fueled by improved market conditions in emerging markets and a rebound in consumer spending. The Fund's management highlighted specific sectors such as technology and healthcare, which are expected to benefit from growth trends in global markets. Additionally, the commentary suggests an overall bullish sentiment towards undervalued small-cap companies that are poised for recovery. The fund's diversified holdings may provide resilience against global economic uncertainties. Overall, this optimistic take on international small caps is likely to attract investor attention and inflows.

The Nationwide International Small Cap Fund's Q4 2025 commentary highlights strong performance in small-cap international stocks, citing increased consumer spending and favorable trade conditions. The fund reported a 15% year-over-year growth, indicating robust economic recovery in overseas markets. Managers are optimistic about continued growth, particularly in technology and healthcare sectors. However, ongoing geopolitical tensions and inflation concerns may pose risks to future performance. Investors are encouraged to consider diversifying into international small caps as a hedge against domestic market fluctuations.