The Oakmark Funds are advised by Harris Associates L.P. an autonomous subsidiary of Natixis Investment Managers, L.P.

Learn more about the principles and philosophy behind our funds at HarrisAssoc.com.

Harris Associates

111 South Wacker Drive, Suite 4600
Chicago, Illinois 60606
312-646-3600

OANMX

Fund

Oakmark Fund

Inception Date

11/30/2016

Cusip

413838780

Share Class Total Net Assets

$5,723.07 M

Daily Nav

$140.70

(03/18/2024)

Nav Change

0.73

Nav YTD %

6.18%

Objective

Long-term capital appreciation

Oakmark Fund is a diversified fund that seeks long-term capital appreciation by generally investing in larger capitalization U.S. companies.

Portfolio Managers

View Our Team

Oakmark Fund

Bill Nygren and Michael Nicolas discuss the Oakmark Fund

Growth of a $10,000 Investment (Investor Share Class)

From 08/05/1991 to 12/31/2023

Past performance is no guarantee of future results. The performance data quoted represents past performance. Current performance may be lower or higher than the performance data quoted. Total return includes change in share prices and, in each case, includes reinvestment of dividends and capital gain distributions. The investment return and principal value vary so that an investor’s shares, when redeemed, may be worth more or less than the original cost.

The graph does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

The Fund’s portfolio tends 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 S&P 500 Total Return Index is a float-adjusted, capitalization-weighted index of 500 U.S. large-capitalization stocks representing all major industries. It is a widely recognized index of broad, U.S. equity market performance. Returns reflect the reinvestment of dividends. This index is unmanaged and investors cannot invest directly in this index.

Commentary

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Oakmark Fund: Fourth Calendar Quarter 2023

As things stand today, we believe the value opportunity is at least as good as it was at the...

Performance Returns

  • Returns % as of 02/29/2024
  • Returns % as of 12/31/2023
Expense Ratio: 0.68%
Fund Inception: 11/30/2016

Expense ratios are from the Fund’s most recent prospectus dated January 28, 2024; actual expenses may vary.
Returns for periods of less than one year are not annualized.

Portfolio Characteristics

As of 12/31/2023

Median Market Cap

$49,239 M

Weighted Average Market Cap

$165,025 M

Current Price to Earnings Ratio

13.2

Projected Price to Earnings

11.9

Current Price to Book Ratio

1.9

Projected Price to Book

1.7

Current Price to Cash Flow

11.9

Projected Price to Cash Flow

10.9

Dividend Yield

1.86%

Beta vs. Benchmark

0.971

Standard Deviation

16.73%

Top 10 Equities and Equivalents

As of 02/29/2024

Total % in Top 10 Holdings 25.4%

Total # of Holdings 58

Assets Under Mgmt. $19,336.32M

 

Portfolio holdings are subject to change and are not intended as recommendations of individual stocks. Individual security weights may not add to the displayed total due to rounding. The most recently quarterly holdings file, which contains all investments, can be found in the latest fund report.

Equity Sector Breakdowns

As of 12/31/2023

Oakmark Funds

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