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.
Oakmark Select Investor OAKLX
NAV / 1-Day Return
63.59
/
1.26
%
Total Assets
5.6 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.010%
Expense Ratio
1.010%
Fee Level
Above Average
Longest Manager Tenure
25.22
years
Category
Large Value
Investment Style
Large BlendMin. Initial Investment
1,000
Status
Open
TTM Yield
0.04%
Turnover
20%
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will OAKLX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
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.
People Pillar
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.
Parent Pillar
The Parent Pillar is our rating of OAKLX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Oakmark Select Comanager to Retire in 2022, Ratings Unchanged
