Harris Associates L.P. (Harris | Oakmark), adviser to the Oakmark Funds, and an affiliate of Natixis Investment Managers, announced the 5-year anniversary of the Oakmark Bond Fund (OANCX), which reached this significant milestone on June 10, 2025.
The Fund, with $195 million in total net assets (as of March 31, 2025), is managed by Adam Abbas, Head of Fixed Income and Portfolio Manager, and Colin Hudson, CFA, Partner and Portfolio Manager.
“We launched the Oakmark Bond Fund in 2020 as our first solely dedicated fixed income product, with the goal of extending Oakmark’s investment philosophy into the fixed income arena,” said Mr. Abbas. “Five years later, the Fund’s strong performance speaks volumes about the enduring strength of the Harris | Oakmark long-term, intrinsic value approach to investing across markets, which is what we do best.”
Using a bottom-up, value-focused approach, OANCX is designed to be a diversified and opportunistic approach to a core plus fixed income allocation. The investment strategy emphasizes in-depth analysis of companies’ capital allocation and cash flow to identify the best value opportunities within credit, while calibrating valuation attractiveness across all fixed income sectors. This analysis includes looking for management teams, security types, and vehicle structures equipped to navigate a wide range of macroeconomic scenarios, with the ability to absorb volatility.
As of May 31, 2025, the Oakmark Bond Fund (Institutional Share Class) received a 5-Star Overall Morningstar Rating™ out of 540 funds in the Morningstar Intermediate Core-Plus Bond category.
To learn more about the Oakmark Bond Fund, click here.
Investing involves risk; principal loss is possible. There is no guarantee the Fund’s investment objective will be achieved.
Morningstar star rating portrays the Overall Morningstar Rating for Oakmark Bond Fund (Institutional Share Class) in the Intermediate Core-Plus Bond fund category out of 540 funds as of 5/31/2025 based on risk-adjusted returns; other classes may have different performance characteristics and star ratings. The Fund’s 3-year Morningstar Rating is also 5 Stars out of 540 funds.
For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. As of 5/31/25, Oakmark Bond Fund – Institutional Share Class OANCX was rated against 540, U.S. domiciled funds in the Intermediate Core-Plus Bond category and received 5 stars for the 3-year period. Past performance is no guarantee of future results. © 2025 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
