Harris | Oakmark announces the launch of two new exchange-traded funds: Oakmark International Large Cap ETF (OAKI) and Oakmark Global Large Cap ETF (OAKG). Consistent with other Harris | Oakmark offerings, the funds employ a value investment philosophy to identify quality companies priced at a discount to the management team’s estimate of intrinsic value and seek competitive long-term performance by investing in focused portfolios grounded in disciplined, bottom-up research.
The launch expands Harris | Oakmark’s active ETF suite, joining the Morningstar Gold Medalist-rated Oakmark U.S. Large Cap ETF (OAKM). The firm’s ETFs combine value investing expertise with the benefits of an ETF structure, including transparency, intra-day liquidity, and the potential for tax-efficient investing.
“We are pleased to expand our ETF offerings and demonstrate our commitment to offering clients solutions to best meet their long-term needs,” said David Herro, partner and co-CIO, international equities. “The ETF structure has already proven valuable to clients through our U.S. large cap offering, and we’re excited to further expand our offerings.”
The Oakmark International Large Cap ETF (OAKI) is managed by David Herro, CFA, Tony Coniaris, CFA, and Eric Liu, CFA and will typically hold at least 40 companies primarily domiciled outside of the U.S. David was named International Equity Manager of the Decade by Morningstar in 2009, and International Manager of the Year by Morningstar in 2006 and 2016.* David and Tony are co-CIOs-International Equities at Harris | Oakmark. The portfolio management team also manages the Oakmark International Fund.
The Oakmark Global Large Cap ETF (OAKG) is managed by David Herro, CFA, Tony Coniaris, CFA, Eric Liu, CFA, Colin Hudson, CFA and John Sitarz, CFA and will typically hold 30-60 U.S. and non-U.S. companies.
“For almost 50 years, Harris | Oakmark has been providing compelling solutions to clients,” said Tony Coniaris, partner and co-CIO, international equities. “With these new offerings, we continue to offer clients our consistent value investment philosophy and experienced team, now in an ETF structure.”
Learn more about Harris | Oakmark ETFs: www.oakmark.com/ETFs.
*According to Morningstar, the Morningstar Manager of the Year award is presented to portfolio managers based on the managers’ (i) “ability to generate exceptional returns; (ii) willingness to align their interests with shareholders; and (iii) courage to stay with their strategies in order to produce superior risk-adjusted returns in the end.”
Morningstar content: ©2025 Morningstar, Inc. All Rights Reserved. The Morningstar Medalist RatingTM is the summary expression of Morningstar’s forward-looking analysis of investment strategies as offered via specific vehicles using a rating scale of Gold, Silver, Bronze, Neutral, and Negative. The Medalist Ratings indicate which investments Morningstar believes are likely to outperform a relevant index or peer group average on a risk-adjusted basis over time. Morningstar expresses the Morningstar Medalist Rating on a five-tier scale running from Gold to Negative. For actively managed funds, Morningstar assigns Gold, Silver, and Bronze ratings to vehicles expected to add value, or “positive alpha,” over the long term when compared with a relevant Morningstar Category index after accounting for fees and risk. For passive strategies, Morningstar assigns Gold, Silver, and Bronze ratings to vehicles expected to deliver alpha that exceeds the lesser of the category median net alpha, or zero, over the long term. (Morningstar defines “long term” as periods lasting at least five years.) For more detailed information about these ratings, including their methodology, please go to global.morningstar.com/managerdisclosures/.
The Morningstar Medalist Ratings are not statements of fact, nor are they credit or risk ratings. The Morningstar Medalist Rating (i) should not be used as the sole basis in evaluating an investment product, (ii) involves unknown risks and uncertainties which may cause expectations not to occur or to differ significantly from what was expected, (iii) are not guaranteed to be based on complete or accurate assumptions or models when determined algorithmically, (iv) involve the risk that the return target will not be met due to such things as unforeseen changes in management, technology, economic development, interest rate development, operating and/or material costs, competitive pressure, supervisory law, exchange rate, tax rates, exchange rate changes, and/or changes in political and social conditions, and (v) should not be considered an offer or solicitation to buy or sell the investment product. A change in the fundamental factors underlying the Morningstar Medalist Rating can mean that the rating is subsequently no longer accurate.
Understanding the risks
Investing involves risk; principal loss is possible. There is no guarantee each Fund’s investment objectives will be achieved. The Funds are actively managed and do not seek to replicate a specific index. Exchange-Traded Fund (ETFs) are subject to additional risks that do not apply to conventional mutual funds, including the risks that the market price of ETF’s shares may trade at a premium or discount to its net asset value (NAV), an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact an ETF’s ability to sell its shares. Unlike mutual funds, ETF shares are bought and sold at market price, which may be higher or lower than their NAV, and are not individually redeemed from the fund. Brokerage commissions will reduce returns. The Funds invest primarily in large capitalization securities, which may be unable to respond quickly to new competitive challenges or opportunities, attain the high growth rate of successful smaller companies, or be out of favor under certain market conditions. The Funds tend to be invested in a relatively focused portfolio of securities, thus the appreciation or depreciation of any one security held will have a greater impact on each Fund’s net asset value versus investing in a larger number of securities. Foreign securities present risks that in some ways may be greater than investments in U.S. investments. Those risks include: currency fluctuation; different regulation, accounting standards, trading practices and levels of available information; generally higher transaction costs; and political risks. Value stocks may fall out of favor with investors and underperform growth stocks during given periods. As the Funds are new, there is a limited operating history and there can be no assurance each fund will grow to an economically viable size, in which case it may cease operations and require investors to liquidate or transfer their investments. These and other risk considerations, such as market, sector or industry, large shareholder, and value style, are described in detail in the Fund’s prospectus.
Before investing, carefully consider fund investment objectives, risks, charges and other expenses. For this and other information that should be read carefully, please request a prospectus and summary prospectus by calling 1-800-OAKMARK (625-6275) (mutual funds) or 1-800-458-7452 (ETFs) or visiting oakmark.com.
The Oakmark Funds are distributed by Harris Associates Securities L.P., member FINRA. Harris Associates L.P. is the investment adviser to the Oakmark ETFs. The Oakmark ETFs are distributed by Foreside Fund Services, LLC. Harris Associates L.P. and Harris Associates Securities L.P. are not affiliated with Foreside Fund Services, LLC. Harris Associates is an investment adviser registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940, however, such a registration does not imply a certain level of skill or training. The general partnership interest in Harris Associates is owned by Harris Associates, Inc., a corporate subsidiary of Natixis Investment Managers LLC.
Natixis Distribution, LLC (Member FINRA | SIPC), is a marketing agent for the Oakmark Funds and Oakmark ETFs.
