OAKLX: Oakmark Select Investor

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OAKLX Oakmark Select Investor

  • Fund
  • OAKLX
  • Price as of: Dec 06, 2019
  • $42.33
    + $0.59 + 1.41%

Profile

OAKLX - Profile

Vitals

  • YTD Return 23.7%
  • 3 Yr Annualized Return -1.2%
  • 5 Yr Annualized Return -1.6%
  • Net Assets $4.73 B
  • Holdings in Top 10 63.6%

52 WEEK LOW AND HIGH

$42.33
$31.94
$42.59

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.08%

SALES FEES

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

BROKERAGE FEES

  • Turnover 45.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Distributions

  • YTD Total Return 23.7%
  • 3 Yr Annualized Total Return 1.8%
  • 5 Yr Annualized Total Return 3.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.14%
DIVIDENDS
  • Dividend Yield 0.1%
  • 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
    William C. Nygren

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.


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Categories

Performance

OAKLX - Performance

Return Ranking - Trailing

Period OAKLX Return Category Return Low Category Return High Rank in Category (%)
YTD 23.7% -0.2% 38.7% 61.78%
1 Yr 12.3% -58.3% 27.7% 47.28%
3 Yr -1.2%* -31.8% 58.7% 87.77%
5 Yr -1.6%* -26.7% 29.7% 82.71%
10 Yr 6.0%* -8.9% 14.4% 71.24%

* Annualized

Return Ranking - Calendar

Period OAKLX Return Category Return Low Category Return High Rank in Category (%)
2018 -28.4% -67.0% 10.0% 95.94%
2017 11.0% -32.8% 302.5% 63.86%
2016 9.8% -26.1% 19.7% 19.21%
2015 -3.9% -82.5% 7.8% 37.11%
2014 1.8% -28.7% 24.1% 68.19%

Total Return Ranking - Trailing

Period OAKLX Return Category Return Low Category Return High Rank in Category (%)
YTD 23.7% -0.2% 38.7% 61.78%
1 Yr 17.7% -58.3% 27.7% 30.86%
3 Yr 1.8%* -21.7% 58.7% 94.17%
5 Yr 3.9%* -17.6% 29.7% 82.17%
10 Yr 10.5%* -4.1% 17.5% 58.85%

* Annualized

Total Return Ranking - Calendar

Period OAKLX Return Category Return Low Category Return High Rank in Category (%)
2018 -24.9% -67.0% 10.0% 95.67%
2017 15.7% -22.1% 302.5% 74.78%
2016 15.2% -16.4% 23.8% 5.99%
2015 -3.6% -26.4% 106.5% 66.63%
2014 15.8% -24.8% 25.9% 2.35%

NAV & Total Return History


Holdings

OAKLX - Holdings

Concentration Analysis

OAKLX Category Low Category High OAKLX % Rank
Net Assets 4.73 B 134 K 875 B 19.61%
Number of Holdings 25 2 3613 97.96%
Net Assets in Top 10 2.83 B -123 M 155 B 8.83%
Weighting of Top 10 63.56% 2.2% 1400.6% 3.23%

Top 10 Holdings

  1. Alphabet Inc Class C 10.69%
  2. CBRE Group Inc Class A 8.86%
  3. Ally Financial Inc 7.84%
  4. Citigroup Inc 7.31%
  5. Bank of America Corporation 5.04%
  6. American International Group Inc 5.00%
  7. Fiat Chrysler Automobiles NV 4.75%
  8. Charter Communications Inc A 4.71%
  9. TE Connectivity Ltd 4.70%
  10. Capital One Financial Corp 4.67%

Asset Allocation

Weighting Return Low Return High OAKLX % Rank
Stocks
95.45% -1.18% 145.87% 93.55%
Cash
4.55% -45.87% 101.18% 4.67%
Preferred Stocks
0.00% -17.98% 6.21% 64.18%
Other
0.00% -1.51% 16.72% 62.31%
Convertible Bonds
0.00% 0.00% 9.79% 61.54%
Bonds
0.00% -14.46% 11.29% 62.90%

Stock Sector Breakdown

Weighting Return Low Return High OAKLX % Rank
Financial Services
30.86% 0.00% 106.34% 2.12%
Consumer Cyclical
19.04% 0.00% 74.42% 2.21%
Technology
15.39% 0.00% 118.30% 79.61%
Real Estate
8.86% -3.11% 64.58% 2.55%
Industrials
7.11% 0.00% 79.24% 89.97%
Energy
5.65% -1.47% 70.63% 16.40%
Communication Services
4.71% 0.00% 27.72% 52.93%
Healthcare
3.86% 0.00% 92.30% 97.54%
Utilities
0.00% -13.41% 21.36% 92.01%
Consumer Defense
0.00% 0.00% 71.31% 98.90%
Basic Materials
0.00% -3.81% 23.60% 96.60%

Stock Geographic Breakdown

Weighting Return Low Return High OAKLX % Rank
US
90.70% 80.02% 687.00% 82.68%
Non US
4.75% -688.18% 20.06% 24.19%

Expenses

OAKLX - Expenses

Operational Fees

OAKLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.08% 0.00% 119.91% 41.24%
Management Fee 0.85% 0.00% 2.00% 90.32%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.85% N/A

Sales Fees

OAKLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 5.75% N/A
Deferred Load N/A 0.95% 5.00% N/A

Trading Fees

OAKLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.05% 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.

OAKLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 45.00% 0.00% 838.00% 54.03%

Distributions

OAKLX - Distributions

Dividend Yield Analysis

OAKLX Category Low Category High OAKLX % Rank
Dividend Yield 0.15% 0.00% 8.17% 63.24%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

OAKLX Category Low Category High OAKLX % Rank
Net Income Ratio 1.14% -2.85% 2.89% 47.02%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

OAKLX - Fund Manager Analysis

Managers

William C. Nygren


Start Date

Tenure

Tenure Rank

Nov 01, 1996

23.09

23.1%

William Nygren is a Partner and Portfolio Manager at Harris Associates L.P. He joined Harris Associates in 1983 as an investment analyst and later served as the firm’s director of research. Previously, he was an investment analyst with Northwestern Mutual Life Insurance Company. Mr. Nygren earned a BS in accounting from the University of Minnesota (1980) and an MS in finance from the University of Wisconsin – Madison’s Applied Security Analysis Program (1981). He is a CFA® charterholder.

Thomas W. Murray


Start Date

Tenure

Tenure Rank

Jan 28, 2013

6.84

6.8%

Thomas W. Murray is a Vice President, Director of U.S. Research, portfolio manager and analyst of Harris Associates L.P.. He joined Harris Associates L.P. in 2003. He has a B.A. from the University of North Carolina (1992) and an M.B.A. from Georgia State University (1996).

Anthony P. Coniaris


Start Date

Tenure

Tenure Rank

Jan 28, 2013

6.84

6.8%

Anthony P. Coniaris, is the Co-Chairman, Portfolio Manager and an Analyst at Harris. 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).

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 33.39 6.03 0.42