News

Win Murray on CNBC’s “Squawk on the Street” (08.18.21)

August 18, 2021

Portfolio Manager Win Murray discussed how the firm’s long-term outlook helps identify attractive value opportunities on CNBC’s “Squawk on the Street.”

Average Annual Total Returns (as of 06/30/2021):

Fund3 Month1 Year3 Year5 Year10 YearInception
OAKLX7.96%66.92%11.63%12.88%11.93%12.31%
S&P 500 Total Return Index8.55%40.79%18.67%17.65%14.84%9.65%

Gross Expense Ratio: 1.03%
Net Expense Ratio: 1.01%
Fund Inception:  11/01/1996

Expense ratios are based on estimated amounts for the current fiscal year; actual expenses may vary.
Returns for periods of less than one year are not annualized.
The net expense ratio reflects a contractual advisory fee waiver agreement through January 27, 2022.

To obtain most recent Oakmark Select Fund month-end performance data, view it here

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. 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. To obtain the most recent month-end performance data, view it here.

The holdings mentioned comprise the following percentages of the Fund’s total net assets as of 06/30/2021:

SecurityOakmark Select Fund
Ally Financial5.9%
Alphabet Cl A11.0%
Bank of America5.2%
Capital One Financial4.8%
Citigroup5.3%
Facebook Cl A5.2%
Regeneron Pharmaceuticals3.3%

Portfolio holdings are subject to change without notice and are not intended as recommendations of individual stocks.

Access the full list of holdings for the Oakmark Select Fund as of the most recent quarter-end.

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.

The price to earnings ratio (“P/E”) compares a company’s current share price to its per-share earnings. It may also be known as the “price multiple” or “earnings multiple”, and gives a general indication of how expensive or cheap a stock is. Investors should not base investment decisions on any single attribute or characteristic data point.

MJS: Please provide 10-year T note footnote

MJS: Please provide Real Estate footnote

Because the Oakmark Select Fund is non-diversified, the performance of each holding will have a greater impact on the Fund’s total return, and may make the Fund’s returns more volatile than a more diversified fund.

Oakmark Select Fund: The stocks of medium-sized companies tend to be more volatile than those of large companies and have underperformed the stocks of small and large companies during some periods.

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

The information, data, analyses, and opinions presented herein (including current investment themes, the portfolio managers’ research and investment process, and portfolio characteristics) are for informational purposes only and represent the investments and views of the portfolio managers and Harris Associates L.P. as of the date written and are subject to change and may change based on market and other conditions and without notice. This content is not a recommendation of or an offer to buy or sell a security and is not warranted to be correct, complete or accurate.

Certain comments herein are based on current expectations and are considered “forward-looking statements”. These forward looking statements reflect assumptions and analyses made by the portfolio managers and Harris Associates L.P. based on their experience and perception of historical trends, current conditions, expected future developments, and other factors they believe are relevant. Actual future results are subject to a number of investment and other risks and may prove to be different from expectations. Readers are cautioned not to place undue reliance on the forward-looking statements.