Value investing redefined

The Oakmark family of mutual funds is an extension of Harris Associates’ value-focused approach to investing. For more about our selection of funds, visit Oakmark.com.

The Oakmark Funds

111 South Wacker Drive, Suite 4600
Chicago, Illinois 60606
1-800-OAKMARK (625-6275)

U.S. Equity

U.S. Equity portfolios hold approximately 40 securities with a market cap focus of $5 billion and above at the time of purchase.

Strategy’s Best Use:

Institutional investors and clients working through financial professionals seeking a U.S.-only exposure.

Portfolio Construction:

Our bottom-up selection process leads to approximately 40 portfolio holdings with a market cap focus greater than $5 billion or more. We don’t restrict specific sector allocations. Instead, our allocations are determined through our stock selection process. However, exposure to a single industry typically doesn’t exceed 25 percent, and we generally restrict position size to 7 percent at the time of the initial purchase.

A Value Approach at Its Core:

We follow the same strict, value-oriented approach to investing that we use with each of our strategies, seeking out substantially underpriced companies with strong business fundamentals and proven shareholder-oriented management teams.

What to Expect as a Client:

You can expect to receive the highest level of care from our experienced and responsive client services team regardless of the size of the portfolio you entrust with us. 

Portfolio Managers

View our Team

Contact Us to Learn More

For questions please contact us or call 312-646-3600.

Commentary

See all Commentary

U.S. Equity Strategy

At the start of 2020, it appeared market activity would continue in familiar fashion and largely support key benchmark...

Growth of a $10,000 Investment

From 06/30/1998 to 03/31/2020

Growth chart is presented Net of Fees.

Past performance is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. The gross performance presented below does not reflect the deduction of investment advisory fees. All returns reflect the reinvestment of dividends and capital gains and the deduction of transaction costs. The client’s return will be reduced by the advisory fees and other expenses it may incur in the management of its account.  The advisory fee, compounded over a period of years, will have an adverse effect on the value of the client’s portfolio.

Harris Associates L.P. (Harris Associates) is an investment adviser registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940. The general partnership interest in Harris Associates is owned by Harris Associates, Inc., a corporate subsidiary of Natixis Investment Managers. The U.S. Equity Composite includes all fully discretionary, supervised, institutional, large-cap, diversified, domestic, equity accounts in excess of $2 million.

The Russell 1000® Value Index measures the performance of the large-cap value segment of the U.S. equity universe. It includes those Russell 1000® companies with lower price-to-book ratios and lower expected growth values. This index is unmanaged and investors cannot invest directly in this index. Benchmark returns are not covered by the report of the independent verifiers.

Harris Associates claims compliance with the Global Investment Performance Standards (GIPS®). To receive a list of Harris Associates’ composite descriptions and/or GIPS® compliant performance presentations, please Contact Us.

Performance Returns

  • Returns % as of 05/31/2020
  • Returns % as of 03/31/2020
Composite Inception: 07/01/1998

Returns for periods of less than one year are not annualized.

Portfolio Characteristics

As of 03/31/2020

Median Market Cap

$29,953 M

Weighted Average Market Cap

$145,607 M

Current Price to Earnings Ratio

16.5

Projected Price to Earnings

12.2

Current Price to Book Ratio

1.9

Projected Price to Book

1.7

Current Price to Cash Flow

14.3

Projected Price to Cash Flow

10.6

Number of Securities

46

Portfolio Turnover

26%

Dividend Yield

1.75%

Beta vs. Benchmark

1.068

Standard Deviation

17.68%

Active Share

86.19%

Equity Sector Breakdowns

As of 03/31/2020

Top 10 Equities and Equivalents

As of 03/31/2020

Total % in Top 10 Holdings 35.7%

Total # of Holdings 46

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.