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 Select Fund seeks capital appreciation by investing in a concentrated portfolio (approximately 20 companies). It generally invests in mid- and large-cap companies based in the U.S. The Fund is non-diversified, so it may concentrate its assets in fewer individual securities than a diversified fund. Therefore, the Fund's share price may fluctuate more than that of a comparable diversified fund.
Bill Nygren
Bill is a Portfolio Manager of the Oakmark fund, the Oakmark Select fund, and the Oakmark Global Select fund. He joined Harris Associates as an Investment Analyst in 1983 and later served as the firm's Director of Research from 1990 through March 1998. Previously, Bill was an analyst with Northwestern Mutual Life Insurance Company. Bill was named Morningstar's Domestic-Stock Manager of the Year for 2001. He has an M.S. in Finance from the University of Wisconsin-Madison Applied Security Analysis Program (1981) and a B.S. in Accounting from the University of Minnesota (1980). He has over twenty-nine years of investment experience and is a CFA charterholder®.
Henry Berghoef
Henry is Director of Research, Portfolio Manager of the Oakmark Select fund, and an Investment Analyst with over twenty-four years investment experience. Prior to joining Harris Associates in 1994, Henry's primary investment experience was at Geico Corporation, the Washington D.C.-based auto insurer, where he served as an equity analyst from 1985 to 1990. Following that, he worked as an investment analyst with Kirr, Marbach & Co. from 1990 to 1993. Henry has a B.A. from Calvin College (1971), an M.A. from Johns Hopkins University (1974), and an M.B.A. from George Washington University (1985), and he is a CFA charterholder®.
