Each Oakmark fund applies the same value investment philosophy and process to different market segments, sectors, size companies, and geographic regions to achieve specified goals.
The Oakmark Equity and Income Fund seeks income and preservation and growth of capital. It's designed for investors who want to tap into the potential of stocks, yet want the cushion bonds may provide. The Fund is primarily made up of U.S. equity and fixed-income securities.
* The annualized portfolio turnover rate for The Oakmark Equity and Income Fund is for the equity-only portion of the portfolio.
Account Minimums
Regular Account
$1000
IRA Account (Roth/Traditional)
$1000
Education Savings Account
$500
UGMA/UTMA Account
$1000
Subsequent Investments
$100
Account Minimums with Automatic Investment Plan:
To Open an Account
$500
Monthly Investment
$100
Equity Sector Breakdowns as of 12/31/2009
Sector
Percent of Net Assets
Consumer Staples
19.3 %
Industrials
12.0 %
Energy
11.3 %
Health Care
10.0 %
Consumer Discretionary
5.0 %
Information Technology
2.3 %
Materials
2.2 %
Financials
1.2 %
Fixed Income Sector Breakdowns as of 12/31/2009
Sector
Percent of Net Assets
U.S. Government & Agencies
23.6 %
Foreign Governments
2.5 %
Financials
0.2 %
Energy
0.2 %
Consumer Staples
0.1 %
Materials
0.1 %
Consumer Discretionary
0.1 %
Information Technology
0.1 %
Portfolio Managers
Clyde McGregor
Clyde is a Portfolio Manager of the Oakmark Equity and Income fund, the Oakmark Global fund, and numerous separate accounts for Harris Associates. Prior to joining Harris Associates in 1981, he was an analyst and portfolio manager with The Northern Trust Company. Clyde has a B.A. in Economics and Religion from Oberlin College (1974) and M.B.A. in Finance from the University of Wisconsin-Madison (1977). He has thirty-two years of investment experience and is a CFA charterholder®.
Edward Studzinski
Edward is a Portfolio Manager of the Oakmark Equity and Income fund and Investment Analyst with Harris Associates. Prior to joining Harris Associates in 1995, he worked at the Mercantile National Bank of Indiana from 1986 to 1995 and was a Vice President and Investment Officer. In addition, he previously was in private law practice and also worked for Arthur Young & Co. Edward served on active duty as an officer in the Judge Advocate General's Corps of the U.S. Navy from 1974 to 1978. He has an A.B. from Boston College (1971), a J.D. from Duke University (1974), and an M.B.A. from Northwestern
University (1985). Edward has over twenty-four years investment experience and is a CFA charterholder®.
