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OAKBX Oakmark Equity & Income I

  • Fund
  • OAKBX
  • Price as of: Aug 08, 2016
  • $29.76
  • + $0.05
  • + 0.17%
  • Category
  • Diversified Portfolio

OAKBX - Profile

Vitals

  • YTD Return 4.2%
  • 3 Yr Annualized Return 5.1%
  • 5 Yr Annualized Return 6.8%
  • Net Assets $16.4 B
  • Holdings in Top 10 31.0%

52 WEEK LOW AND HIGH

$29.76
$26.23
$31.51

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.75%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 25.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$1,000

Investment Themes

CATEGORY

Diversified Portfolio
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--50% to 70% Equity

Distributions

  • YTD Total Return 4.2%
  • 3 Yr Annualized Total Return 5.1%
  • 5 Yr Annualized Total Return 6.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.06%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Oakmark Equity and Income Fund
  • Fund Family Name Oakmark
  • Inception Date Nov 01, 1995
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Clyde S. McGregor

Fund Description

The Oakmark Equity and Income Fund Class I’s (OAKBX) main objective is to seek current income while growing capital. OAKBX is a balanced fund, owning both stocks and bonds. The fund primarily invests in U.S. dividend-paying equities, which management finds attractive after a fundamental analysis, and various corporate and Treasury bonds. OAKBX is highly concentrated in the manager’s best ideas.

Expenses for OAKBX are below average for its category. However, despite its status as a balanced fund, OAKBX’s concentration risk and slight tilt towards bonds makes it a satellite holding only. The fund is managed by Harris Associates L.P.

OAKBX - Performance

Return Ranking - Trailing

Period OAKBX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 4.2% -65.8% 22.5% 48.70% 3
1 Yr -1.1% -30.1% 18.0% 78.27% 4
3 Yr 5.1% * -14.0% 12.6% 39.95% 3
5 Yr 6.8% * -13.4% 12.2% 34.49% 2
10 Yr 6.5% * -5.6% 9.0% 11.07% 1

* Annualized


Return Ranking - Calendar

Period OAKBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -10.5% -61.2% 48.7% 75.36% 5
2014 -2.3% -11.0% 4.5% 64.29% 4
2013 14.6% -11.5% 25.9% 18.52% 1
2012 5.4% 5.1% 15.7% 80.00% 4
2011 -2.5% -7.3% 5.7% 78.57% 4

Total Return Ranking - Trailing

Period OAKBX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 4.2% -65.8% 22.5% 49.25% 3
1 Yr -1.1% -30.1% 17.0% 61.99% 4
3 Yr 5.1% * -15.0% 12.6% 33.28% 2
5 Yr 6.8% * -13.7% 12.2% 30.64% 2
10 Yr 6.5% * -5.6% 9.0% 10.51% 1

* Annualized


Total Return Ranking - Calendar

Period OAKBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -10.5% -61.2% 48.7% 75.26% 5
2014 -2.3% -11.0% 9.6% 67.86% 4
2013 26.6% -4.1% 29.6% 7.41% 1
2012 10.5% 7.8% 20.7% 86.67% 5
2011 0.7% -3.5% 11.7% 78.57% 4

NAV & Total Return History

OAKBX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

OAKBX Category Low Category High OAKBX % Rank Quintile
Net Assets 16.4 B 81.4 K 99.6 B 0.59% 1
Number of Holdings 297 1 12089 7.69% 2
Net Assets in Top 10 5.02 B -654 M 19.5 B 0.78% 1
Weighting of Top 10 31.0% 0.0% 246.1% 20.32% 4

Top 10 Holdings

  1. Bank of America Corporation 3.46%
  2. Oracle Corp 3.98%
  3. General Motors Co 3.90%
  4. US Treasury TIP 1.25% 3.06%
  5. US Treasury TIP 2.70%
  6. Nestle SA ADR 3.32%
  7. Dover Corp 2.73%
  8. CVS Health Corp 2.91%
  9. TE Connectivity Ltd 2.70%
  10. Philip Morris International Inc 2.25%

Asset Allocation

Weighting Category Low Category High OAKBX % Rank Quintile
Stocks
61.86% -3.90% 139.24% 9.41% 2
Bonds
18.73% -0.39% 98.35% 23.76% 4
Cash
11.28% -80.76% 100.06% 11.58% 2
Other
8.13% -9.98% 131.62% 3.39% 1
Convertible Bonds
0.00% 0.00% 33.12% 6.86% 5
Preferred Stocks
0.00% -0.04% 36.35% 9.11% 5

Stock Sector Breakdown

Weighting Category Low Category High OAKBX % Rank Quintile
Financial Services
19.08% -5.44% 81.82% 0.70% 1
Consumer Cyclical
10.50% -6.71% 67.05% 2.97% 1
Industrials
8.96% -4.76% 59.46% 4.64% 1
Consumer Defense
7.28% -6.80% 33.05% 3.57% 1
Technology
6.67% -11.24% 86.30% 13.93% 3
Healthcare
5.04% -0.78% 26.13% 15.27% 3
Energy
2.29% -3.72% 31.87% 14.44% 4
Real Estate
1.14% -2.11% 51.75% 15.18% 4
Basic Materials
0.89% -3.08% 25.70% 14.44% 4
Communication Services
0.00% -2.19% 32.13% 16.39% 5
Utilities
0.00% -6.48% 56.47% 15.13% 5

Stock Geographic Breakdown

Weighting Category Low Category High OAKBX % Rank Quintile
US
55.94% -123.16% 136.63% 6.00% 1
Non US
5.92% -2.43% 163.55% 18.86% 4

Bond Sector Breakdown

Weighting Category Low Category High OAKBX % Rank Quintile
Cash & Equivalents
11.28% -80.82% 157.26% 10.85% 2
Corporate
10.23% 0.00% 93.84% 19.13% 4
Government
8.42% -160.96% 76.37% 14.60% 3
Securitized
0.07% -0.01% 42.26% 22.01% 5
Municipal
0.00% 0.00% 137.36% 7.60% 5
Derivative
0.00% -84.53% 22.60% 2.97% 4

Bond Geographic Breakdown

Weighting Category Low Category High OAKBX % Rank Quintile
US
17.08% -31.85% 93.68% 21.97% 4
Non US
1.65% -57.44% 70.46% 20.32% 4

OAKBX - Expenses

Operational Fees

OAKBX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.75% 0.00% 165.34% 15.66% 2
Management Fee 0.66% 0.00% 2.55% 2.89% 4
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.83% N/A N/A

Sales Fees

OAKBX Fees (% of AUM) Category Low Category High OAKBX Rank Quintile
Front Load N/A 0.14% 5.75% N/A N/A
Deferred Load N/A 0.75% 5.50% N/A N/A

Trading Fees

OAKBX Fees (% of AUM) Category Low Category High OAKBX Rank Quintile
Max Redemption Fee N/A 0.11% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

OAKBX Fees (% of AUM) Category Low Category High OAKBX Rank Quintile
Turnover 25.00% 0.00% 5473.00% 12.23% 2

OAKBX - Distributions

Dividend Yield Analysis

OAKBX Category Low Category High OAKBX % Rank Quintile
Dividend Yield 0.2% 0.00% 11.33% 36.71% 3

Dividend Distribution Analysis

OAKBX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

OAKBX Category Low Category High OAKBX % Rank Quintile
Net Income Ratio 1.06% -2.96% 9.94% 14.61% 4

Capital Gain Distribution Analysis

OAKBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

OAKBX - Managers

Clyde S. McGregor

Manager

Start Date

Nov 01, 1995

Tenure

20.76

Tenure Rank

0.3%

Clyde McGregor has been a manager of the Oakmark Equity and Income Fund (OAKBX) since 1995 and the Oakmark Global Fund (OAKGX) since 2003. He joined Harris Associates in 1981. In 2011, Mr. McGregor became the first recipient of the Lipper Award for Fund Excellence, presented to investment managers for achievements over their career. He holds an M.B.A. in Finance from the University of Wisconsin (1977) and a B.A. in Economics and Religion from Oberlin College (1974).


Edward J. Wojciechowski

Manager

Start Date

Apr 17, 2013

Tenure

3.29

Tenure Rank

4.6%

Edward J.Wojciechowski, CFA Eddie Wojciechowski has been a co-manager of the Oakmark Equity and Income Fund (OAKBX) since 2013. He also serves as the Director of Fixed Income and as an Equity Analyst at Harris Associates. He joined Harris Associates in 2005 after working as a Portfolio Manager and Investment Analyst at Strong Capital Management. He holds B.S. degrees in Finance and Economics from Marquette University (1995).


M. Colin Hudson

Manager

Start Date

Apr 17, 2013

Tenure

3.29

Tenure Rank

4.6%

M. ColinHudson, CFA Colin Hudson has been a co-manager of the Oakmark Equity and Income Fund (OAKBX) since 2013. He is also an Investment Analyst at Harris Associates. Mr. Hudson started at Harris Associates in 2005 after serving as Director of Research at Hilliard, Lyons Asset Management. Prior to that, he was an Investment Analyst at Wallington Asset Management. He earned a B.A. degree in Economics at DePauw University (1992), and a M.S. in Geology (1996) and an M.B.A. (1999) from Indiana University.


Tenure Analysis

Category Low

0.0

Category High

35.5

Category Average

5.28

Category Mode

1.6