performance (%)
QTD*
1 year
3 years
5 years
10 years
Since its founding
Investor class | OAKBX
6.16%
19.78%
4.87%
9.25%
7.30%
9.65%
ripper balanced fund
5.55%
22.23%
4.59%
8.15%
7.16%
7.08%
Expense ratio: Investor class 0.86%
*This is not an annualized rate.
Start date: Investor class 08/05/1991
Expense ratios are from the Fund’s most recent prospectus dated January 28, 2024, as amended and restated on July 1, 2024. Actual costs may vary.
Past performance does not guarantee future results. Performance data quoted represents historical performance. Current performance may be lower or higher than the performance data quoted. Total return includes the change in stock price and in each case includes the reinvestment of dividends and capital gain distributions. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost.
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The securities listed above represent the following percentages of Oakmark Equity and Income Fund’s total net assets as of September 30, 2024: Ally Financial 1.0%, Alphabet Cl A 3.0%, Carter’s 0%, Charles Schwab 1.8 %, Fiserv 2.6%, Pure Parts Company 0.5%, Intercontinental Exchange 1.7%, Lithia Motors Cl A 1.4%, LPL Financial 0.7%, Merck 0.7%, Salesforce 0.6%. Portfolio holdings are subject to change without notice and are not intended to recommend individual stocks.
Access the complete list of Oakmark Equity and Income Fund’s holdings as of the latest quarter-end.
The information, data, analysis, and opinions contained herein (including current investment themes, the Portfolio Manager’s research and investment process, and portfolio characteristics) are for informational purposes only and represent the investments of the Portfolio Manager and Harris Associates LP. It expresses an opinion. Information is current as of the date indicated and is subject to change without notice based on market and other conditions.
This content does not constitute a recommendation or offer to buy or sell any security, and its accuracy, completeness, or accuracy is not guaranteed.
Certain comments contained herein are based on current expectations and are considered “forward-looking statements.” These forward-looking statements reflect assumptions made by the portfolio managers and Harris Associates LP based on their experience and perception of historical trends, current conditions, expected future developments and other factors that they believe are relevant. and reflects the analysis. Actual future results are subject to a number of investment and other risks and may differ from those anticipated. Readers are cautioned not to place undue reliance on forward-looking statements.
The price-to-earnings ratio (“P/E”) compares a company’s current stock price to its earnings per share. This is also known as the “price multiple” or “earnings multiple” and is a common indicator of how expensive or cheap a stock is.
Investors should not base investment decisions on a single attribute or characteristic data point.
The S&P 500 Index is a float-adjusted, market-capitalization-weighted index of 500 large-cap U.S. stocks representing all major industries. It is widely recognized as an index of broad U.S. stock market performance. Returns reflect reinvestment of dividends. This index is unmanaged and investors cannot invest directly in it.
The Lipper Balanced Fund Index measures the equal-weighted performance of the 30 largest balanced funds in the United States, as defined by Lipper. This index is unmanaged and investors cannot invest directly in it.
Oakmark Equity and Income Fund invests in intermediate and low quality debt securities that have the potential for higher yields but carry greater investment and credit risk than high quality securities. These risks may result in significant stock price fluctuations. Economic downturns could cause severe disruption to the lower-intermediate debt markets and adversely affect the value of outstanding debt securities and the ability of issuers to repay principal and interest.
Oakmark Equity and Income Fund’s portfolio tends to be invested in a relatively small number of stocks. As a result, an increase or decrease in value of a single security held by the Fund will have a greater effect on the Fund’s net asset value than if the Fund invested in a larger number of securities. While this strategy has the potential to generate attractive returns over time, it also increases the fund’s volatility.
The stock prices of mid-sized companies tend to be more volatile than those of large companies, and there have been periods when they have underperformed the stocks of small and medium-sized companies.
All information provided is current as of September 30, 2024, unless otherwise stated.
Before investing in an Oakmark Fund, you should carefully consider the Fund’s investment objectives, risks, management fees, and other expenses. This and other important information can be found in the fund’s prospectus and summary prospectus. Please read the prospectus and prospectus summary carefully before investing. For more information, visit Oakmark.com or call 1-800-OAKMARK (1-800-625-6275).
Natixis Distribution, LLC (Member FINRA | SIPC) is a limited purpose broker-dealer, distributor for various registered investment companies whose advisory services are provided by affiliates of Natixis Investment Managers, and marketing agent for Oakmark Funds. It’s a store.
Harris Associates Securities LP, Distributor, Member FINRA.
