About Oakmark

Consistent investment process

Each portfolio manager at Oakmark applies a consistent investment philosophy and process to building and managing the funds. Our research team works to identify companies that are priced at a substantial discount to what we consider to be their underlying business value -- what a rational investor would pay to own the entire business -- and then we patiently wait for the gap between price and value to narrow.

Focused portfolios

We want our best investment ideas to have a meaningful impact on performance. Our approach focuses fund assets in relatively few individual securities and, as a result, our funds may experience more short-term fluctuations than more diversified funds in the same investment category.

While all of The Oakmark Funds typically hold fewer than 75 securities, Oakmark Select and Oakmark Global Select are designed to be our most concentrated funds, each holding  securities of approximately 20 companies.

We invest alongside our shareholders

When selecting investments for The Oakmark Funds, one of the traits we look for is a high level of stock ownership by management. We believe that stock ownership by those running the company correctly aligns their interests with those of shareholders.

Fund shareholders may look at share ownership by fund managers as a gauge of focus and commitment to protecting their interests. As of December 31, 2016, the portfolio managers and employees of Harris Associates, as well as the Funds’ Trustees, have personal investments of over $400 million in the Oakmark Funds.

Value is all we do

At Oakmark, value isn't just a style of investing -- it's the only way of investing. All of our funds employ the same value investment philosophy and process because we believe that it is the best way, over a long time period, to maximize profit potential while reducing risk.

 

 

The Oakmark, Global and International Fund portfolios tend to be invested in a relatively small number of stocks. As a result, the appreciation or depreciation of any one security held by the Fund will have a greater impact on the Fund’s net asset value than it would if the Fund invested in a larger number of securities. Although that strategy has the potential to generate attractive returns over time, it also increases the Fund’s volatility.

The discussion of the investment strategy of The Oakmark Funds represents the views of the portfolio managers and Harris Associates L.P. at the time of this material and are subject to change without notice.

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CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standards and Poor’s Financial Services, LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service.  The CUSIP Database, © 2011 American Bankers Association.  “CUSIP” is a registered trademark of the American Bankers Association.

Investing in value stocks presents the risk that value stocks may fall out of favor with investors and underperform growth stocks during given periods.

Before investing in any Oakmark Fund, you should carefully consider the Fund's investment objectives, risks, management fees and other expenses. This and other important information is contained in a Fund's prospectus and summary prospectus. Please read the prospectus and summary prospectus carefully before investing. For more information, please call 1-800-OAKMARK (625-6275).

OAKMARK, OAKMARK FUNDS, OAKMARK INTERNATIONAL, and OAKMARK and tree design are trademarks owned or registered by Harris Associates L.P. in the U.S. and/or other countries.

Copyright 2017, Harris Associates Securities L.P., Distributor, Member FINRA.
Date of first use: January 24, 2013.

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