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Morningstar

Oakmark Select Investor OAKLX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
49.00  /  3.31 %
Total Assets
4.4 Bil
Adj. Expense Ratio
0.980%
Expense Ratio
0.980%
Fee Level
Above Average
Longest Manager Tenure
25.92 years
Category
Large Value
Investment Style
Large Value
Min. Initial Investment
1,000
Status
Open
TTM Yield
0.06%
Turnover
20%

Morningstar’s Fund Analysis OAKLX

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.

Portfolio Manager Changes on Harris Associates' U.S. Equity Funds Do Not Affect Ratings

Director

Analyst Note

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Harris Associates, advisor of the Oakmark funds, announced several portfolio manager changes across its fund lineup on Aug. 1, 2022. On the U.S. equity side, Alex Fitch and Robert Bierig became comanagers on Oakmark Select alongside Bill Nygren and Tony Coniaris. Fitch has 12 years of investment experience, 11 of them with Harris. He assumed the director of U.S. research role in October 2021 from Win Murray, who stepped off the fund at that time and subsequently left the firm. Considering Oakmark Select draws upon the team’s highest-conviction ideas, the director of U.S. research has long served as a comanager, including Murray and his predecessor Henry Berghoef, so Fitch’s addition does not come as a surprise. Bierig—who is also becoming a comanager on the more diversified Oakmark offering with Nygren and Michael Nicolas—joined the firm in 2012 and has 23 years of investment experience. He’s managed some institutional versions of the U.S. equity strategies for several years as well as the Luxembourg-domiciled Harris Associates U.S. Value Equity since 2014.

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