OAKBX: Oakmark Equity And Income Investor

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OAKBX Oakmark Equity And Income Investor

  • Fund
  • OAKBX
  • Price as of: Dec 12, 2019
  • $29.00
    - $2.43 - 7.73%

Profile

OAKBX - Profile

Vitals

  • YTD Return 7.9%
  • 3 Yr Annualized Return -2.1%
  • 5 Yr Annualized Return -3.1%
  • Net Assets $11.8 B
  • Holdings in Top 10 35.0%

52 WEEK LOW AND HIGH

$29.00
$26.01
$31.45

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.91%

SALES FEES

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

BROKERAGE FEES

  • Turnover 11.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $1,000

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--50% to 70% Equity

Distributions

  • YTD Total Return 7.9%
  • 3 Yr Annualized Total Return 3.7%
  • 5 Yr Annualized Total Return 4.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.74%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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.


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Categories

Performance

OAKBX - Performance

Return Ranking - Trailing

Period OAKBX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.9% -47.2% 43.0% 84.20%
1 Yr 5.0% -40.9% 25.8% 72.49%
3 Yr -2.1%* -35.4% 14.5% 93.51%
5 Yr -3.1%* -40.5% 14.2% 94.97%
10 Yr 1.3%* -38.9% 17.9% 85.22%

* Annualized

Return Ranking - Calendar

Period OAKBX Return Category Return Low Category Return High Rank in Category (%)
2018 -16.5% -31.8% 19.0% 91.52%
2017 5.8% -44.7% 46.3% 53.30%
2016 6.5% -84.5% 146.1% 19.09%
2015 -10.5% -40.7% 14.6% 86.23%
2014 -2.3% -35.0% 306.6% 77.07%

Total Return Ranking - Trailing

Period OAKBX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.9% -47.2% 43.0% 84.42%
1 Yr 5.0% -40.9% 25.8% 79.72%
3 Yr 3.7%* -35.4% 14.5% 70.48%
5 Yr 4.2%* -40.5% 14.2% 49.07%
10 Yr 6.8%* -38.9% 18.8% 48.25%

* Annualized

Total Return Ranking - Calendar

Period OAKBX Return Category Return Low Category Return High Rank in Category (%)
2018 -8.4% -27.4% 19.0% 64.84%
2017 14.4% -44.7% 46.3% 14.17%
2016 10.9% -84.5% 146.1% 10.65%
2015 -4.7% -36.9% 14.6% 70.11%
2014 7.1% -35.0% 306.6% 34.54%

NAV & Total Return History


Holdings

OAKBX - Holdings

Concentration Analysis

OAKBX Category Low Category High OAKBX % Rank
Net Assets 11.8 B 619 K 157 B 6.91%
Number of Holdings 309 2 13643 39.51%
Net Assets in Top 10 4.16 B -206 M 29 B 6.36%
Weighting of Top 10 35.02% 8.9% 210.3% 54.34%

Top 10 Holdings

  1. Bank of America Corporation 4.97%
  2. General Motors Co 4.94%
  3. TE Connectivity Ltd 4.41%
  4. United States Treasury Notes 1.25% 4.18%
  5. Mastercard Inc A 3.33%
  6. Nestle SA ADR 2.91%
  7. Alphabet Inc Class C 2.82%
  8. CVS Health Corp 2.61%
  9. Citigroup Inc 2.54%
  10. Philip Morris International Inc 2.33%

Asset Allocation

Weighting Return Low Return High OAKBX % Rank
Stocks
60.07% -41.01% 77.78% 24.79%
Bonds
28.86% -4.12% 79.17% 83.16%
Cash
10.37% -110.26% 61.28% 21.40%
Convertible Bonds
0.59% 0.00% 75.96% 34.75%
Preferred Stocks
0.11% 0.00% 49.94% 42.48%
Other
0.00% -41.44% 209.72% 81.99%

Stock Sector Breakdown

Weighting Return Low Return High OAKBX % Rank
Financial Services
14.94% -7.21% 30.29% 5.86%
Consumer Cyclical
11.12% -10.41% 25.25% 2.56%
Technology
8.77% -6.80% 28.79% 34.22%
Consumer Defense
7.36% -2.62% 12.35% 3.73%
Healthcare
6.33% -6.04% 20.92% 45.20%
Industrials
4.27% -2.39% 24.85% 53.52%
Communication Services
2.81% -2.17% 11.77% 36.25%
Energy
2.18% -2.02% 68.57% 53.09%
Real Estate
1.39% -8.18% 51.84% 56.08%
Basic Materials
0.90% -2.22% 15.06% 68.44%
Utilities
0.00% -2.30% 64.34% 94.35%

Stock Geographic Breakdown

Weighting Return Low Return High OAKBX % Rank
US
54.44% -41.02% 75.95% 21.19%
Non US
5.63% -2.09% 29.45% 44.70%

Bond Sector Breakdown

Weighting Return Low Return High OAKBX % Rank
Corporate
18.51% 0.00% 84.75% 46.08%
Government
11.05% -45.95% 75.63% 51.59%
Cash & Equivalents
10.37% -110.26% 72.04% 21.29%
Derivative
0.00% -19.91% 2.88% 66.42%
Securitized
0.00% 0.00% 45.59% 91.63%
Municipal
0.00% 0.00% 58.76% 82.73%

Bond Geographic Breakdown

Weighting Return Low Return High OAKBX % Rank
US
27.97% -5.38% 87.85% 80.40%
Non US
0.89% -14.01% 19.86% 82.73%

Expenses

OAKBX - Expenses

Operational Fees

OAKBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.91% 0.00% 18.45% 59.55%
Management Fee 0.68% 0.00% 2.00% 70.73%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.83% N/A

Sales Fees

OAKBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

OAKBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 2.00% N/A

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 Return Low Category Return High Rank in Category (%)
Turnover 11.00% 0.00% 1504.00% 10.47%

Distributions

OAKBX - Distributions

Dividend Yield Analysis

OAKBX Category Low Category High OAKBX % Rank
Dividend Yield 0.00% 0.00% 10.97% 92.48%

Dividend Distribution Analysis

OAKBX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Quarterly

Net Income Ratio Analysis

OAKBX Category Low Category High OAKBX % Rank
Net Income Ratio 1.74% -4.40% 6.65% 49.84%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

OAKBX - Fund Manager Analysis

Managers

Clyde S. McGregor


Start Date

Tenure

Tenure Rank

Nov 01, 1995

24.1

24.1%

Clyde S. McGregor, CFA, is a Vice President and portfolio manager of Harris Associates L.P.. He joined Harris Associates L.P. 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).

M. Colin Hudson


Start Date

Tenure

Tenure Rank

Apr 17, 2013

6.62

6.6%

M. Colin Hudson, CFA, is a Vice President, portfolio manager and analyst of Harris Associates L.P.. He joined Harris Associates L.P. in 2005. Mr. Hudson holds an M.B.A. in Finance from Indiana University (1999), an M.S. in Geology from Indiana University (1995) and a B.A. in Economics from DePauw University (1992).

Edward J. Wojciechowski


Start Date

Tenure

Tenure Rank

Apr 17, 2013

6.62

6.6%

Edward J. Wojciechowski, CFA, is a portfolio manager and analyst of Harris Associates L.P.. He joined Harris Associates L.P. in 2005. He holds a B.S. in Finance and Economics from Marquette University (1995).

Tenure Analysis

Category Low Category High Category Average Category Mode
0.0 35.94 6.98 7.54