Win Murray, comanager of Oakmark Select since 2013, will retire at the end of July 2022. However, Bill Nygren and Tony Coniaris, managers since 1996 and 2013, respectively, remain. There are also no changes to the stock-selection committee of Nygren, Coniaris, and Clyde McGregor, who vet all ideas for inclusion on the approved list from which this concentrated strategy draws its picks. With some consistency in the management ranks and analyst bench, the strategy’s Morningstar Analyst Rating and pillar ratings are unchanged.
Will OAKLX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable OAKLX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the OAKLX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of OAKLX’s parent organization’s priorities and whether they’re in line with investors’ interests.