News & Insights from Oakmark

News & Insights

Oakmark Funds Add Two New Share Classes

November 30, 2016

The Oakmark Funds are pleased to introduce two new share classes—the Advisor class and the Institutional class. In addition, the current Class I shares of the Oakmark Funds have been re-named Investor shares and the current Class II shares have been re-named Service shares.  

Minimums: The new share classes are designed to appeal to direct shareholders who have an account value with a Fund that equals or exceeds certain thresholds—$100,000 for the Advisor class and $1 million for the Institutional class.

We anticipate that the expense ratio for each Fund’s Advisor and Institutional classes will be less than the current Investor class (Class I).

The tickers for each share class within the seven Funds are as listed in the below table:

Fund Name Share Class
  Investor (Class I) Service (Class II) Advisor Institutional
Oakmark Fund OAKMX OARMX OAYMX OANMX
Oakmark Select Fund OAKLX OARLX OAYLX OANLX
Oakmark Equity & Income Fund OAKBX OARBX OAYBX OANBX
Oakmark Global Fund OAKGX OARGX OAYGX OANGX
Oakmark Global Select Fund OAKWX --- OAYWX OANWX
Oakmark International Fund OAKIX OARIX OAYIX OANIX
Oakmark International Small Cap Fund OAKEX OAREX OAYEX OANEX


We will continue to release information on the new share classes as it becomes available. If you have additional questions in the meantime, or would like assistance in converting your eligible direct shares into the applicable new class, please call an Oakmark Investor Services representative at 1-800-OAKMARK (625-6275).

View the Prospectus here.

 

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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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