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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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| Period | OAKBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.9% | -3.6% | 18.6% | 15.18% |
| 1 Yr | -8.6% | -27.6% | 10.7% | 77.90% |
| 3 Yr | 0.2%* | -9.2% | 14.1% | 55.22% |
| 5 Yr | -2.7%* | -24.5% | 8.6% | 78.90% |
| 10 Yr | 2.9%* | -14.3% | 9.7% | 66.40% |
* Annualized
| Period | OAKBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2018 | -16.5% | -34.6% | 1.6% | 87.38% |
| 2017 | 5.8% | -12.4% | 33.2% | 57.12% |
| 2016 | 6.5% | -65.8% | 23.3% | 15.90% |
| 2015 | -10.5% | -64.9% | 4.8% | 84.49% |
| 2014 | -2.3% | -59.3% | 68.3% | 71.61% |
| Period | OAKBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.9% | -3.6% | 18.6% | 15.81% |
| 1 Yr | 0.2% | -25.5% | 11.4% | 25.27% |
| 3 Yr | 7.5%* | -9.2% | 14.1% | 8.01% |
| 5 Yr | 4.7%* | -21.8% | 47.6% | 15.78% |
| 10 Yr | 8.5%* | -12.6% | 13.3% | 26.52% |
* Annualized
| Period | OAKBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2018 | -8.4% | -32.7% | 1.6% | 58.72% |
| 2017 | 14.4% | -8.4% | 33.2% | 24.19% |
| 2016 | 10.9% | -65.2% | 23.3% | 8.46% |
| 2015 | -4.7% | -62.9% | 9.2% | 67.44% |
| 2014 | 7.1% | -28.5% | 76.9% | 19.29% |
| OAKBX | Category Low | Category High | OAKBX % Rank | |
|---|---|---|---|---|
| Net Assets | 13.1 B | 608 K | 144 B | 4.43% |
| Number of Holdings | 319 | 2 | 13342 | 35.04% |
| Net Assets in Top 10 | 4.43 B | -752 M | 26.4 B | 7.65% |
| Weighting of Top 10 | 34.71% | 0.0% | 3196.0% | 64.90% |
| Weighting | Return Low | Return High | OAKBX % Rank | |
|---|---|---|---|---|
| Stocks | 61.27% | -18.54% | 99.89% | 33.27% |
| Bonds | 28.90% | -342.57% | 261.66% | 72.17% |
| Cash | 9.32% | -285.07% | 453.71% | 20.75% |
| Convertible Bonds | 0.41% | -0.09% | 39.88% | 33.33% |
| Preferred Stocks | 0.10% | 0.00% | 65.70% | 46.87% |
| Other | 0.00% | -253.31% | 51.84% | 91.14% |
| Weighting | Return Low | Return High | OAKBX % Rank | |
|---|---|---|---|---|
| Financial Services | 15.25% | -0.38% | 47.66% | 5.38% |
| Consumer Cyclical | 11.67% | -10.37% | 33.33% | 3.67% |
| Consumer Defense | 8.37% | -1.62% | 18.58% | 3.16% |
| Technology | 7.50% | -9.43% | 28.91% | 54.37% |
| Healthcare | 6.03% | -2.72% | 24.64% | 53.42% |
| Industrials | 4.28% | -0.28% | 27.79% | 63.04% |
| Energy | 3.31% | -2.23% | 32.61% | 44.24% |
| Communication Services | 2.66% | -0.92% | 7.52% | 16.71% |
| Basic Materials | 1.15% | -1.52% | 21.64% | 72.34% |
| Real Estate | 1.05% | -3.85% | 73.69% | 72.53% |
| Utilities | 0.00% | -0.60% | 23.50% | 97.78% |
| Weighting | Return Low | Return High | OAKBX % Rank | |
|---|---|---|---|---|
| US | 54.39% | -20.21% | 124.70% | 18.03% |
| Non US | 6.88% | -91.46% | 98.02% | 66.79% |
| Weighting | Return Low | Return High | OAKBX % Rank | |
|---|---|---|---|---|
| Corporate | 17.89% | 0.00% | 93.54% | 39.03% |
| Government | 11.15% | -203.24% | 254.66% | 47.56% |
| Cash & Equivalents | 5.87% | -278.69% | 455.04% | 34.85% |
| Derivative | 0.00% | -190.53% | 70.06% | 74.32% |
| Securitized | 0.00% | 0.00% | 43.20% | 96.71% |
| Municipal | 0.00% | 0.00% | 99.76% | 92.54% |
| Weighting | Return Low | Return High | OAKBX % Rank | |
|---|---|---|---|---|
| US | 28.14% | -337.34% | 210.96% | 59.71% |
| Non US | 0.76% | -84.44% | 144.19% | 85.39% |
| OAKBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.88% | 0.00% | 11.64% | 55.47% |
| Management Fee | 0.68% | 0.00% | 2.50% | 77.55% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.83% | N/A |
| OAKBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.14% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.50% | N/A |
| OAKBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.11% | 2.00% | N/A |
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 | 23.00% | 0.00% | 6067.00% | 34.09% |
| OAKBX | Category Low | Category High | OAKBX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.02% | 0.00% | 0.31% | 40.61% |
| OAKBX | Category Low | Category High | Category Mode | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Monthly | Quarterly |
| Date | Amount |
|---|---|
| Dec 13, 2018 | $0.505 |
| Dec 14, 2017 | $0.433 |
| Nov 28, 2016 | $0.466 |
| Dec 17, 2015 | $0.337 |
| Dec 18, 2014 | $0.270 |
| Dec 19, 2013 | $0.166 |
| Dec 14, 2012 | $0.275 |
| Dec 16, 2011 | $0.375 |
| Dec 17, 2010 | $0.225 |
| Dec 18, 2009 | $0.293 |
| Dec 19, 2008 | $0.386 |
| Dec 14, 2007 | $0.605 |
| Dec 14, 2006 | $0.501 |
| Dec 15, 2005 | $0.342 |
| Dec 10, 2004 | $0.201 |
| Nov 21, 2003 | $0.138 |
| Nov 22, 2002 | $0.242 |
| Nov 16, 2001 | $0.154 |
| Nov 20, 2000 | $0.243 |
| Nov 24, 1998 | $0.212 |
| Nov 19, 1997 | $0.236 |
| Dec 12, 1996 | $0.120 |
| OAKBX | Category Low | Category High | OAKBX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.51% | -4.09% | 6.99% | 56.74% |
| OAKBX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Manager
Start Date
Tenure
Tenure Rank
Nov 01, 1995
23.51
23.5%
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).
Manager
Start Date
Tenure
Tenure Rank
Apr 17, 2013
6.04
6.0%
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).
Manager
Start Date
Tenure
Tenure Rank
Apr 17, 2013
6.04
6.0%
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
0.0
Category High
38.35
Category Average
6.56
Category Mode
6.95
MUTUAL FUND EDUCATION
MUTUAL FUND EDUCATION
