I see the confusion - terminology. What you call the "retail class" is a fund with two classes, a retail class and an institutional class. The latter (PRAMX) has the same $1M min as the institutional fund's single share class.
The retail fund (including its institutional class) has indeed been around for several years. I always thought of it as a narrow niche product and was somewhat surprised it hung around so long. I believe $100M is large enough for a fund to be viable, albeit not extremely profitable for the management company.
T.Rowe Price was (still is, for now) practically alone in offering an African-focused fund. (M* shows 15 misc. region funds; the only other fund focused on Africa is the $2M CAFRX fund.)
The Templeton fund TFMAX is (was?) a broader fund, with around 2/5 in each of Africa/Middle East and Asian EM countries; the remaining holdings are in Latin America.
Here's a 2015 M* column that suggests a few alternatives:
https://www.morningstar.com/articles/719486/frontier-markets-havent-been-immune

Yes; however both are small funds based on AUM (one larger than the other). The retail class has been around for years, but never really garnered assets. Keep in mind Templeton is in the process of liquidating its Frontier Markets Fund, (which I exchanged into their Convertible Securities Fund prior to its closing to new investors).
With oil taking a hit of late, it may affect Frontier Market type of funds.

Check out this link from ASML:
https://www.asml.com/en/company/about-asml/history
I have owned a position in ASML for several years.

After reading a current article in The Economist, I'm thinking of investing a relatively small amount directly in a company called ASML. In the US it is carried on NASDAQ as ASML Holding N.V., with the trading symbol "ASML".
Info from Wickipedia: ASML Holding N.V. is a Dutch company and currently the largest supplier in the world of photolithography systems for the semiconductor industry. The company manufactures machines for the production of integrated circuits.
Over the years I've occasionally owned ADR (American Depositary Receipt) shares, but this is the first time that I've encountered what seems to me (likely incorrectly) to be an alternative listing on the OTC market. That OTC listing symbol is "ASMIY".
The share price for ASML is more than twice that of ASMIY, and the P/E ratio for ASML is roughly 44 vs 19 for ASMIY. The WSJ indicates that ASMIY is a competitor for ASML, and other information that I find does indicate that ASMIY is indeed in the same business. The problem is that I can't seem to easily find a side-by-side comparison between the two listings, and I have no idea if those two symbols are somehow representing two different companies, or (somehow) two different aspects of the same company.
Thanks for any help on this one!

Corporate money market accounts used to be more common, but many shut down a few years ago. GE Interest Plus was one such account.
Dominion Energy is a holding company rated BBB and these unsecured notes are junior to all notes and other liabilities of its subsidiaries. I'm not suggesting that this account cannot serve a useful purpose; just be aware of the risks.
Here's an old WSJ article (2004) on this type of account:
Corporate Money Funds Offer An Alternative Savings Method
https://www.wsj.com/articles/SB107464416174007045

The reason you might want one is simple: the rate of return can run as high as 2.6%, compared with returns of less than 1% on most similar saving vehicles. ...
These products are well-liked by companies because they help them diversify their lender base ...
Like all things in investing, increased reward is always burdened by an increase in risk -- and corporate money-market accounts aren't any different. On the surface, they're like any other savings account: You can withdraw money whenever you choose, write checks and -- in some cases -- even pay bills online.
But with a corporate money-market account, your savings go toward funding bonds issued by the company -- and therein lies the risk. By taking this route, you're essentially investing in that company's corporate debt. That means you have to be entirely comfortable with one company's ability to pay its bills ...
The best way to determine the risk of a corporate money-market account is to review the company's corporate-debt rating. Corporate-debt ratings describe companies' creditworthiness and are provided by ratings companies such as Standard & Poor's, Moody's Corp. and Fitch Ratings.

DERI Prospectus:
https://www.sec.gov/Archives/edgar/data/715957/000119312519094557/d929220d424b5.htm
Dominion Energy credit ratings:
https://investors.dominionenergy.com/fixed-income/dominion-energy/default.aspx

The only Oakmark fund I never got is OAKEX. Seems to be a perpetual laggard with little to recommend it.
I hold Oakmark (as well as D&C) so that I can readily allocate between funds in market downturns. They have without a doubt hit a rough patch the last few years. I don't think OAKBX has been the same since Ed Studzinski left.

D&C have good funds but many of them are riskier and it shows at market stress such as 2008 and many times when stocks go down at least 10%. This is why when volatility increases, such as the last 3 years, their funds lag.
I have never owned their funds because I found better choices.
DODBX-->I used to own PRWCX. In the last 3-5 years, DODBX ranks in its category at 90 and 50. 90 means it's in the bottom 10%. JABAX is much better too.
DODIX-->is probably their best fund but I still owned PIMIX for several years, I know, it's not the same category. DODIX is really Multi sector light and why yesterday it lost -1% while most core plus did better.
DODGX--->SP500(VFIAX/VFINX) has better performance for 5-10-15 years. This is PorVis(link) for 15 years that shows that SP500 had better performance, SD, Sortino.
DODFX has a negative performance for 3-5 years and ranks in its category at 77,78 which is pretty bad. Very easy to find better funds such as AFCNX.
D&C funds have low expenses which is nice but only one part of the puzzle.

While I agree performance is only one piece of the puzzle, it's not reasonable to compare a value shop like D&C (DODFX) to a growth shop like AC (AFCNX). Growth has been a major tailwind for folks like American Century, WCM, etc.

A view.....
MINT & NEAR, last 3 years.

Thanks. That pretty much looks what I was feeling. Though MINT seems a better choice. I generally like ETFs for cash alternatives as I can access it any time & not worry about short term redemption fees.

A view.....
MINT & NEAR, last 3 years.

Have been using ETFs such as MINT & NEAR for cash substitutes for years though after this past Monday, I'm not so sure. They have always been fairly stable. At one point Monday, NEAR fell by over 4%. It was down for over several hours by over 2%. Though by the end of the day, things evened out & was only down by about .24%. Not sure what computer algorithm had that jumping like that. Maybe this has happened before though I'm not typically around my computer watching intra-daily pricing.
Fortunately I was already in the process of moving money over to Navy Federal into this IRA CD. It's a 37 month CD with a 3% APY. $50 minimum to open. $150,000 maximum which you can fund at any time in that period. You do have to be a Navy Federal Credit union member. Talking to a representative, their board typically meets at the end of the month & sets their rates in the first week of the month though they can potentially change things at any time. This time period works well for myself & when I'll need the money. Schwab at this time has 3 yr CDs at 1%. It took about a week & a half to transfer assets from Schwab to Navy Federal. The downside- totally boring. No drama.
https://www.navyfederal.org/products-services/checking-savings/certificates-rates.php

<<i>blockquote class="Quote" rel="VintageFreak">This is what is going to happen. As soon as you sell Oakmark funds, they will start outperforming.
IMO stop worrying about beating the market, category or being performance leader. Focus on WHEN to buy before WHAT to buy.
If you ever think an actively managed fund is not working for you, look for an index fund. In this case you can look at VBINX instead of OAKBX.
For the record, I own OAKBX. I also own VWELX. Now if you look out 5 years, VWELX outperforms VBINX, otherwise VBINX edges out VWELX for shorted periods. Bottom line, you are not going to know which fund is going to outperform OAKBX over the next 5 years.
Oh, I don't doubt the notion of a turnaround like that ' as soon as i sell' : ) - I mean, this very afternoon, while pondering a sell order on OAKEX - I happened to flip on CNBC today and out of the entire universe of possible fund mgrs - and someone I've NEVER seen interviewed on FI-Media EVER, there's Oakmark Manager David Herro at 3:30 LOL. And I don't 'watch' CNBC much other than occasionally checking indexes. I totally get where you are coming from on this. That said I may hang on to OAKIX - but OAKEX i is spotty and quite disappointing over a 5 year timeframe at this point with 98% of funds outperforming. I don't think it's 'the right' fund as a core position for exposure to foreign/international - bit too concentrated/value oriented - so, still probably going to replace it - maybe with an index such as FNDC, EFAV IEFA... a few that've been mentioned as a possible substitution by a Schwab CFP I chat with from time to time.

This is what is going to happen. As soon as you sell Oakmark funds, they will start outperforming.
IMO stop worrying about beating the market, category or being performance leader. Focus on WHEN to buy before WHAT to buy.
If you ever think an actively managed fund is not working for you, look for an index fund. In this case you can look at VBINX instead of OAKBX.
For the record, I own OAKBX. I also own VWELX. Now if you look out 5 years, VWELX outperforms VBINX, otherwise VBINX edges out VWELX for shorted periods. Bottom line, you are not going to know which fund is going to outperform OAKBX over the next 5 years.

I had OAKIX in an IRA and after a good 15-20 years got tired of its performance and swapped it for more VTSAX and never looked back (it wasn't a large amount). I've posted before that upon recs here and other research, I've channeled my int'l holdings into MGGPX and VWIGX and content with that. Good luck!

I'm always curious to learn and, in particular, learn about who's managing well across different environments since those strike me as candidates for long term holdings (though certainly not sure things). I ran a quick screen at Morningstar looking for funds that have top 15% returns over the past month (through 3/9/2020) and over the past three years as well.
Here's the code: fund / category / 4 week percentile rank / 36 month percentile rank / 36 month APR. In each category I took the fund with the lowest combined rank: a fund in the 1st percentile and 4th percentile would beat out a fund in the 5th percentile and 1st percentile (total 5 versus total 6). With more time, I would have done something more sophisticated.
Columbia Thermostat / 15-30% equity / 3 / 2 / 7.2%.
Madison Conservative Allocation / 30-50% equity / 1 / 9 / 5.3%.
Walden Balanced / 50-85% equity / 9 / 3 / 6.5%
PIMCO Stocks Plus Long Duration / 85%+ equity / 1 / 1/ 20%
ATAC Rotation / tactical allocation / 1 / 2/ 10.8%
Voya Global Perspectives / world allocation / 7 / 2 / 5.6%
iShares Edge MSCI Minimum Volatility USA / large blend / 4 / 1/ 10.9%
Akre Focus / large growth / 1 / 3 / 18.5%
BMO Low Volatility Equity / large value / 1 / 1 / 7.3%
ABR Dynamic Blend Equity & Volatility / long-short equity / 1 / 1/ 10.5%. Ummm ... up 20% in the past four weeks?
Infinity Q Diversified Alpha / multi-alternative / 1 / 2 / 7.7%
Government Street Mid-Cap / midcap blend / 5 / 2/ 6.6%
T Rowe Price New Horizons / midcap growth / 1 / 2 / 18.2%
Virtus KAR Mid-Cap Growth / midcap growth / 2 / 1 / 21.2%
Jensen Quality Value / midcap value / 3 / 2 / 4.0%. A sad reflection on the state of value investing
Calvert Small-Cap / small blend / 5 / 3 / 3.3%
Wasatch Ultra Growth / small growth / 5 / 2 / 21.3%
Camelot Excalibur Small Cap / small value / 1 / 5 / -0.4%. Eeek.
The ABR fund invests in the S&P500, VIX futures and cash. In low vol markets, it increases equity and in high vol markets, it increases exposure to the VIX. Expensive but it's sort of worked.
Akre is amazing. New Horizons, likewise. Columbia Thermostat keeps cropping up. Government Street Mid-Cap is tiny but excellent. The Virtus KAR folks are mostly closed, mostly really good.
Just some thoughts on what's been working a bit.
David

"This is why when volatility increases, such as the last 3 years, their funds lag."
Volatility decreased for DODFX and in foreign markets.
Std dev Jan 2014 - Jan 2017
DODFX: 14.81%
EFV: 12.97% (iShares MSCI EAFE Value, used as proxy for foreign large cap value market)
VEU: 12.58% (Vanguard FTSE All-World, ex-US, used as proxy for foreign market)
Std dev Jan 2017 - Jan 2020
DODFX: 14.13%
EFV: 12.12%
VEU: 11.80%

D&C have good funds but many of them are riskier and it shows at market stress such as 2008 and many times when stocks go down at least 10%. This is why when volatility increases, such as the last 3 years, their funds lag.
I have never owned their funds because I found better choices.
DODBX-->I used to own PRWCX. In the last 3-5 years, DODBX ranks in its category at 90 and 50. 90 means it's in the bottom 10%. JABAX is much better too.
DODIX-->is probably their best fund but I still owned PIMIX for several years, I know, it's not the same category. DODIX is really Multi sector light and why yesterday it lost -1% while most core plus did better.
DODGX--->SP500(VFIAX/VFINX) has better performance for 5-10-15 years. This is PorVis(link) for 15 years that shows that SP500 had better performance, SD, Sortino.
DODFX has a negative performance for 3-5 years and ranks in its category at 77,78 which is pretty bad. Very easy to find better funds such as AFCNX.
D&C funds have low expenses which is nice but only one part of the puzzle.

Years ago I looked at brufx, didn't buy. I liked it because it still had under a $billion assets and had a high level of ownership by the fund managers and owners. Check those attributes, not too many funds with them.

Seems to me like there is room for both VMVFX and PRGSX in a portfolio if one is looking for some global exposure.
Lipper calls the first a global small/mid cap, and the latter a global multi-cap growth fund. M* calls the Price fund a global large cap, but agrees on the Vanguard fund.
As mentioned previously, VMVFX is in the top 10% in it's category YTD. Looking at it's performance over the past six years (which is approximately the life of the fund) with the MFO premium tool, VMVFX leads its category in performance with half the standard deviation and twice the Sharpe ratio.
Using the same tool, and six year period, PRGSX is third in it's category with a better standard deviation, but a lower Sharpe.
So it seems to me that both funds are doing a pretty good job at what they advertise they are trying to do. When I'm shopping for a fund in a specific category I find it more useful to compare it to other funds in the same category

> with such a sizeable PF value would you be comfortable with a PF that mimics a conservative allocation?
Looking back over the last 25 years, merely owning a conservative allocation fund such as VWINX and taking a 4% withdrawal annually (based on the PF annual value) would have:
-limited downside (worst year) losses to 9% (which is where you are right now)
-provided an ever increasing annual withdrawal never less than year 1 withdrawal
(4% of $1.87M = $86K)
-almost doubled your portfolio value during these draw downs from $1.87M to $3.45M
You have done very well.
I used Portfolio Visualizer to construct the historical data:
https://portfoliovisualizer.com/backtest-portfolio

>
Yep, actually I would. I've reflected on that many times in just the past year or so...and VWINX as a benchmark but well you know, hindsight!: ). I'll likely look at some form of consolidation such as you suggest to simplify things, and of course have to take all of the tax aspects into account for the transition. Have been with Schwab for a long time but might consider taking everything to VG and converting it all to a simple handful of allocation funds or whatever it may be;
Meantime tho, to maintain a diversified PF, have an immediate need to fill in the small OAKEX/OAKIX holdings to be replaced... (about 4.5% of PF combined). Part of me wants to select a managed fund for foreign exposure, but recommendations have leaned toward index ETFs for this, such as FNDC and FNDF (for the OAK funds respectively). ALternately EFAV, IEFA.
Just having a few percent in EM VMMSX is irking me since I only recently replaced AEMGX with that - and as of now would've been better off simply going to cash with it for awhile ; )

@mikes425 without knowing your income needs its hard to give accurate advice, but with such a sizeable PF value would you be comfortable with a PF that mimics a conservative allocation?
Looking back over the last 25 years, merely owning a conservative allocation fund such as VWINX and taking a 4% withdrawal annually (based on the PF annual value) would have:
-limited downside (worst year) losses to 9% (which is where you are right now)
-provided an ever increasing annual withdrawal never less than year 1 withdrawal
(4% of $1.87M = $86K)
-almost doubled your portfolio value during these draw downs from $1.87M to $3.45M
You have done very well.
I used Portfolio Visualizer to construct the historical data:
https://portfoliovisualizer.com/backtest-portfolio