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OAKLX Oakmark Select Investor

  • Fund
  • OAKLX
  • Price as of: Sep 18, 2017
  • $46.54
  • + $0.18
  • + 0.39%
  • Category
  • Large Cap Blend Equities

OAKLX - Profile

Vitals

  • YTD Return 8.1%
  • 3 Yr Annualized Return 5.9%
  • 5 Yr Annualized Return 14.6%
  • Net Assets $5.91 B
  • Holdings in Top 10 57.5%

52 WEEK LOW AND HIGH

$46.54
$39.96
$46.63

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.98%

SALES FEES

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

BROKERAGE FEES

  • Turnover 38.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$1,000

Investment Themes

CATEGORY

Large Cap Blend Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Large Blend

Distributions

  • YTD Total Return 8.1%
  • 3 Yr Annualized Total Return 5.9%
  • 5 Yr Annualized Total Return 14.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.92%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Oakmark Select Fund
  • Fund Family Name Oakmark
  • Inception Date Nov 01, 1996
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Anthony P. Coniaris

Fund Description

The Oakmark Select Fund Class I (OAKLX) is a high-conviction fund that seeks to aggressively grow investor capital. The fund primarily targets small- and mid-cap U.S. stocks after rigorous bottom-up analysis. OAKLX looks for fast growing firms that are also inexpensive. The fund holds only a few stocks for long periods of time to generate outsized returns.

Given its main focus and required research, expenses for OAKLX are not high. However, as such a high-conviction fund, OAKLX is best as a noncore position. The fund is managed by Harris Associates L.P.

OAKLX - Performance

Return Ranking - Trailing

Period OAKLX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 8.1% -92.6% 27.5% 66.59% 4
1 Yr 16.7% -51.7% 39.1% 19.77% 1
3 Yr 5.9% * -14.4% 16.8% 70.82% 4
5 Yr 14.6% * -0.6% 18.1% 9.44% 1
10 Yr 8.3% * -0.3% 14.7% 5.00% 1

* Annualized


Return Ranking - Calendar

Period OAKLX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 9.8% -37.7% 186.3% 14.36% 1
2015 -3.9% -46.9% 11.2% 34.92% 3
2014 1.8% -51.7% 38.1% 57.64% 4
2013 29.4% -88.0% 42.8% 37.33% 2
2012 10.7% -100.0% 25.9% 63.47% 4

Total Return Ranking - Trailing

Period OAKLX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 8.1% -92.6% 27.5% 66.45% 4
1 Yr 16.7% -52.5% 142.7% 16.12% 1
3 Yr 5.9% * -7.1% 57.6% 65.51% 4
5 Yr 14.6% * -0.6% 18.1% 7.91% 1
10 Yr 8.3% * -0.3% 14.7% 5.00% 1

* Annualized


Total Return Ranking - Calendar

Period OAKLX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 9.8% -36.6% 190.6% 18.89% 1
2015 -3.6% -40.3% 20.1% 72.64% 4
2014 17.7% -24.8% 100.1% 9.73% 1
2013 48.3% -93.4% 1119.1% 19.30% 1
2012 34.9% -100.0% 282.8% 8.55% 1

NAV & Total Return History

OAKLX - Holdings

Filings data as of: Jun 30, 2017

Concentration Analysis

OAKLX Category Low Category High OAKLX % Rank Quintile
Net Assets 5.91 B 9.87 K 604 B 3.73% 1
Number of Holdings 23 1 3780 18.13% 5
Net Assets in Top 10 3.37 B 13.1 K 92.5 B 1.80% 1
Weighting of Top 10 57.5% 2.3% 269.3% 6.33% 1

Top 10 Holdings

  1. Citigroup Inc 6.06%
  2. TE Connectivity Ltd 6.20%
  3. CBRE Group Inc 7.23%
  4. Alphabet Inc C 8.63%
  5. General Electric Co 5.42%
  6. Apache Corp 4.88%
  7. Fiat Chrysler Automobiles NV 4.74%
  8. Mastercard Inc A 4.68%
  9. Fidelity National Financial Inc 4.93%
  10. Oracle Corp 4.76%

Asset Allocation

Weighting Category Low Category High OAKLX % Rank Quintile
Stocks
94.84% 0.00% 147.19% 18.81% 4
Cash
5.16% -112.50% 132.07% 7.12% 1
Preferred Stocks
0.00% -0.38% 88.99% 3.74% 3
Other
0.00% -81.75% 100.00% 12.01% 4
Convertible Bonds
0.00% 0.00% 71.97% 2.01% 3
Bonds
0.00% -49.59% 110.36% 7.32% 3

Stock Sector Breakdown

Weighting Category Low Category High OAKLX % Rank Quintile
Financial Services
35.62% 0.00% 78.59% 0.50% 1
Technology
23.13% 0.00% 41.58% 3.46% 1
Consumer Cyclical
12.97% 0.00% 47.61% 8.29% 2
Energy
10.50% -3.10% 24.97% 2.74% 1
Real Estate
7.23% -35.19% 11.80% 1.01% 1
Industrials
5.42% -0.02% 34.96% 26.82% 5
Utilities
0.00% -1.59% 32.10% 19.83% 5
Healthcare
0.00% 0.00% 43.34% 30.43% 5
Communication Services
0.00% -0.78% 17.25% 22.64% 5
Consumer Defense
0.00% 0.00% 55.88% 28.98% 5
Basic Materials
0.00% -0.21% 26.23% 23.43% 5

Stock Geographic Breakdown

Weighting Category Low Category High OAKLX % Rank Quintile
US
90.10% 0.00% 100.16% 20.58% 4
Non US
4.74% -1.33% 88.51% 13.53% 2

OAKLX - Expenses

Operational Fees

OAKLX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.98% 0.02% 303.36% 15.79% 3
Management Fee 0.87% 0.00% 2.25% 1.72% 5
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.45% N/A N/A

Sales Fees

OAKLX Fees (% of AUM) Category Low Category High OAKLX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 0.00% 5.00% N/A N/A

Trading Fees

OAKLX Fees (% of AUM) Category Low Category High OAKLX Rank Quintile
Max Redemption Fee N/A 0.00% 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.

OAKLX Fees (% of AUM) Category Low Category High OAKLX Rank Quintile
Turnover 38.00% 0.00% 1754.00% 10.88% 3

OAKLX - Distributions

Dividend Yield Analysis

OAKLX Category Low Category High OAKLX % Rank Quintile
Dividend Yield 0.0% 0.00% 11.20% 71.44% 5

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

OAKLX Category Low Category High OAKLX % Rank Quintile
Net Income Ratio 0.92% -2.05% 3.78% 11.90% 3

Capital Gain Distribution Analysis

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

OAKLX - Managers

Anthony P. Coniaris

Manager

Start Date

Jan 28, 2013

Tenure

4.59

Tenure Rank

8.3%

Anthony P.Coniaris, CFA Tony Coniaris has been a co-manager of the Oakmark Select Fund (OAKLX) since 2013. He is also an Investment Analyst at Harris Associates. He started at Harris Associates as a Research Associate in 1999 and became an analyst in 2003. He received an M.B.A. from Northwestern University (2005) and a B.A. in Business/Economics from Wheaton College (1999).


Thomas W. Murray

Manager

Start Date

Jan 28, 2013

Tenure

4.59

Tenure Rank

8.3%

Mr. Murray joined Harris Associates L.P. as an analyst in 2003. He has a B.A. from the University of North Carolina (1992) and an M.B.A. from Georgia State University (1996).


William C. Nygren

Manager

Start Date

Nov 01, 1996

Tenure

20.84

Tenure Rank

0.9%

William Nygren is a Vice President, Chief Investment Officer-U.S. Equities, Portfolio Manager and U.S. Investment Analyst at Harris Associates L.P. He is a Portfolio Manager of the Oakmark Fund, the Oakmark Select Fund and the Oakmark Global Select Fund. Prior to joining Harris Associates in 1983, William was an Investment Analyst with Northwestern Mutual Life Insurance Co. He has an MS from the University of Wisconsin-Madison and a BS from the University of Minnesota.


Tenure Analysis

Category Low

0.0

Category High

81.8

Category Average

6.17

Category Mode

2.7