Oakmark Bond

Objective

Current income and total return

Oakmark Bond invests primarily in a diversified portfolio of bonds and other fixed-income securities.

Account Minimums

Through certain intermediaries held in omnibus accounts

N/A

Through all other platforms, including directly with the Fund or through intermediaries not held in omnibus accounts

$1,000

In certain retirement plans

N/A

Directly with the Fund in an Education Savings Account or with an automatic investment plan or payroll deduction plan

$500

Intermediaries may impose their own minimum investment requirements.

Performance Returns

Returns % as of 08/31/2022
Returns % as of 06/30/2022

Gross Expense Ratio: 1.38%

Net Expense Ratio: 0.74%

Fund Inception: 01/28/2022

Expense ratios are based on estimated amounts for the current fiscal year; actual expenses may vary.
Returns for periods of less than one year are not annualized.

The Fund’s Adviser has contractually undertaken to waive and/or reimburse certain fees and expenses so that the total annual operating expenses of each class are limited to 0.74%, 0.54%, 0.52% and 0.44% of average net assets, respectively. Each of these undertakings lasts until 1/27/2023 and may only be modified by mutual agreement of the parties.

The Fund is recently established and has limited operating and performance history.

Past performance is no guarantee of future results. The performance data quoted represents past performance. Current performance may be lower or higher than the performance data quoted. Total return includes change in share prices and, in each case, includes reinvestment of dividends and capital gain distributions. The investment return and principal value vary so that an investor’s shares, when redeemed, may be worth more or less than the original cost.

The Oakmark Bond Fund invests primarily in a diversified portfolio of bonds and other fixed-income securities. These include, but are not limited to, investment grade corporate bonds; U.S. or non-U.S.-government and government-related obligations (such as, U.S. treasury securities); below investment-grade corporate bonds; agency mortgage backed-securities; commercial mortgage- and asset-backed securities; senior loans (such as, leveraged loans, bank loans, covenant lite loans, and/or floating rate loans); assignments; restricted securities (e.g., Rule 144A securities); and other fixed and floating rate instruments. The Fund may invest up to 20% of its assets in equity securities, such as common stocks and preferred stocks. The Fund may also hold cash or short-term debt securities from time to time and for temporary defensive purposes.

Under normal market conditions, the Fund invests at least 25% of its assets in investment-grade fixed-income securities and may invest up to 35% of its assets in below investment-grade fixed-income securities (commonly known as “high-yield” or “junk bonds”).

Fixed income risks include interest-rate and credit risk. Typically, when interest rates rise, there is a corresponding decline in bond values. Credit risk refers to the possibility that the bond issuer will not be able to make principal and interest payments.

Bond values fluctuate in price so the value of your investment can go down depending on market conditions.

The Bloomberg Barclays U.S. Aggregate Bond Index is a broad-based benchmark that measures the investment grade, U.S. dollar-denominated, fixed-rate taxable bond market. The index includes Treasuries, government-related and corporate securities, mortgage-backed securities (agency fixed-rate and hybrid ARM pass-throughs), asset-backed securities and commercial mortgage-backed securities (agency and non-agency). This index is unmanaged and investors cannot invest directly in this index.

Portfolio Characteristics

As of 06/30/2022

Beta vs. Benchmark

0.883

Standard Deviation

4.32%

30-Day Unsubsidized SEC Yield

2.98%

30-Day Subsidized SEC Yield

3.96%

Duration

5.14

Top 10 Holdings

As of 08/31/2022

Total % in Top 10 Holdings 27.0%

Total # of Holdings 109

Assets Under Mgmt. $86.95M

View list

Security

Percent of Net Assets

US Treasury Note 0.875% Due 09-30-26

7.2%

Name Not Disclosed

3.4%

US Treasury Note 1.250% Due 06-30-28

3.0%

COPAR 2022-1 A4 3.320% Due 09-15-27

2.8%

US Treasury Note 1.375% Due 10-31-28

2.0%

Name Not Disclosed

1.9%

FORDL 2022-A A3 3.230% Due 05-15-25

1.7%

Name Not Disclosed

1.7%

BMWOT 2022-A A4 3.440% Due 12-26-28

1.7%

Parsley Energy CC 2/23 144A 4.125% Due 02-15-28

1.6%

Chesapeake CC 02/24 144A 5.875% Due 02-01-29

1.2%

Name Not Disclosed

1.2%

Southwest Airlines CC 04/27 5.125% Due 06-15-27

1.2%

Delta SkyMiles Loan 5.947% Due 10-20-27

1.1%

ChampionX Term Loan B 5.772% Due 06-07-29

1.1%

KKR Group CC 02/32 144A 4.850% Due 05-17-32

1.1%

CARMX 2022-2 A4 3.620% Due 09-15-27

1.1%

Name Not Disclosed

1.1%

SDART 2022-2 C 3.760% Due 07-16-29

1.1%

Name Not Disclosed

1.1%

Signature Bank QC 10/25 4.000% Due 10-15-30

1.1%

UBER CC 08/24 144A 4.500% Due 08-15-29

1.1%

Tropicana Loan 5.809% Due 01-24-29

1.1%

Altria Group CC 11/31 2.450% Due 02-04-32

1.1%

CRVNA 2022-P1 D 4.800% Due 01-10-29

1.1%

Magallanes CC 01/29 144A 4.054% Due 03-15-29

1.1%

BANK 2022-BNK40 A4 3.507% Due 03-01-64

1.1%

Anglo American CC 01/29 144A 3.875% Due 03-16-29

1.0%

US Treasury Note 1.875% Due 11-15-51

1.0%

Bio Rad Labs CC 12/31 3.700% Due 03-15-32

1.0%

Liberty Broadband Pfd 7.000% Due 01-15-69

1.0%

Southern Co CB 06/26 3.750% Due 09-15-51

1.0%

Viterra Finance CC 03/26 144A 2.000% Due 04-21-26

1.0%

Blackstone Mtge CC10/26 144A 3.750% Due 01-15-27

1.0%

Zebra Buyer Loan 6.052% Due 11-01-28

1.0%

Boardwalk Pipeline CB 06/32 3.600% Due 09-01-32

1.0%

Daimler Trucks 144A 2.375% Due 12-14-28

1.0%

Bat Capital CC 01/28 2.259% Due 03-25-28

1.0%

Zimmer Biomet CC 08/31 2.600% Due 11-24-31

1.0%

Brunswick CC 05/31 2.400% Due 08-18-31

0.9%

CBRE Services CC 01/31 2.500% Due 04-01-31

0.9%

Hilton Domestic CC 08/26 144A 3.625% Due 02-15-32

0.9%

Sun Communities CC 04/31 2.700% Due 07-15-31

0.9%

Glencore CC 6/31 144A 2.625% Due 09-23-31

0.9%

JPMMT 2022-3 B1 3.118% Due 08-01-52

0.9%

Marriott Intl CC 07/33 2.750% Due 10-15-33

0.9%

Micron Tech CC 01/32 2.703% Due 04-15-32

0.9%

Ally Financial 4.700% Due 08-15-69

0.9%

Name Not Disclosed

0.9%

FHMS K072 A2 3.444% Due 12-01-27

0.8%

Twitter CC 12/29 144A 5.000% Due 03-01-30

0.8%

SRFC 2022-1A C 3.300% Due 10-20-38

0.8%

Delta Airlines QC 01/26 144A 4.750% Due 10-20-28

0.8%

Name Not Disclosed

0.8%

US Treasury Note 2.875% Due 05-15-52

0.8%

Name Not Disclosed

0.8%

HESM CC 02/25 144A 4.250% Due 02-15-30

0.7%

Apollo Com CC 06/24 144A 4.625% Due 06-15-29

0.7%

SVB Financial QC 11/26 4.250% Due 02-15-69

0.7%

CRVNA 2022-N1 A1 2.310% Due 12-11-28

0.6%

Name Not Disclosed

0.6%

Howmet Aerospace CC 11/28 3.000% Due 01-15-29

0.6%

JBS USA CC 01/33 144A 5.750% Due 04-01-33

0.6%

Name Not Disclosed

0.6%

BMWOT 2022-A A3 3.210% Due 08-25-26

0.6%

Owens & Minor Loan B 6.205% Due 03-29-29

0.6%

Name Not Disclosed

0.6%

US Treasury Note 2.875% Due 05-15-32

0.6%

CARMX 2022-2 D 4.750% Due 10-16-28

0.6%

US Treasury Note 2.500% Due 03-31-27

0.6%

CRVNA 2022-N1 D 4.130% Due 12-11-28

0.5%

Goldman Sachs CB 03/27 3.615% Due 03-15-28

0.5%

Tenet Healthcare 6.875% Due 11-15-31

0.5%

Enable Midstream CC 06/29 4.150% Due 09-15-29

0.5%

STACR 2022-DNA3 M1A 4.183% Due 04-25-42

0.5%

Boeing CC 12/26 2.700% Due 02-01-27

0.5%

LPL Holdings CC 03/24 144A 4.000% Due 03-15-29

0.5%

SVB Financial CC 09/26 1.800% Due 10-28-26

0.5%

National Oilwell CC 09/29 3.600% Due 12-01-29

0.5%

Name Not Disclosed

0.5%

AerCap Ireland CC 09/26 2.450% Due 10-29-26

0.5%

Peloton Interactive 0.000% Due 02-15-26

0.5%

Lithia Motors CC 10/25 144A 4.375% Due 01-15-31

0.5%

Embecta CC 02/27 144A 5.000% Due 02-15-30

0.5%

AutoNation CC 12/31 3.850% Due 03-01-32

0.5%

GLP Capital CC 10/30 4.000% Due 01-15-31

0.5%

Kontoor Brands CC 11/24 144A 4.125% Due 11-15-29

0.5%

Oceaneering CC 11/27 6.000% Due 02-01-28

0.5%

Ally Financial CC 09/28 2.200% Due 11-02-28

0.5%

Thor Industries CC10/24 144A 4.000% Due 10-15-29

0.5%

MIDW Holding CC 02/25 144A 5.500% Due 02-01-30

0.5%

M/I Homes CC 08/29 3.950% Due 02-15-30

0.5%

Name Not Disclosed

0.5%

Carlisle CC 12/31 2.200% Due 03-01-32

0.5%

Regeneron Pharma CC 06/30 1.750% Due 09-15-30

0.5%

Dicks Sporting Goods CC10/31 3.150% Due 01-15-32

0.5%

AerCap Ireland CC 07/33 3.400% Due 10-29-33

0.5%

US Treasury Note 2.000% Due 11-15-41

0.4%

US Treasury Note 2.000% Due 08-15-51

0.4%

US Foods CC 02/24 144A 4.750% Due 02-15-29

0.4%

Novelis CC 08/26 144A 3.875% Due 08-15-31

0.3%

JPMMT 2016-3 B1 3.279% Due 10-01-46

0.3%

Viterra Finance CC 01/32 144A 5.250% Due 04-21-32

0.3%

Name Not Disclosed

0.2%

Charter Communications CC 11/31 2.300% Due 02-01-32

0.2%

Novelis CC 11/23 144A 3.250% Due 11-15-26

0.2%

JPMMT 2016-3 B2 3.279% Due 10-01-46

0.2%

Boeing CC 11/30 3.625% Due 02-01-31

0.2%

JPMMT 2016-3 B3 3.279% Due 10-01-46

0.1%

Total % in Top 10 Holdings 27.0%

Total # of Holdings 109

Assets Under Mgmt. $86.95M

Portfolio holdings are subject to change and are not intended as recommendations of individual stocks. Individual security weights may not add to the displayed total due to rounding.

Portfolio holdings are subject to change and are not intended as recommendations of individual stocks. Individual security weights may not add to the displayed total due to rounding. The most recently quarterly holdings file, which contains all investments, can be found in the latest fund report.

Credit Rating

As of 06/30/2022

Rating

Percent of Fixed Income

AAA

16.5%

22.3%

2.9%

BBB

37.5%

12.0%

5.5%

Not Rated

3.4%

Maturity

As of 06/30/2022

Maturity

Percent of Fixed Income

1 - 3 Years

5.7%

3 - 5 Years

18.1%

5 - 7 Years

32.9%

7 - 10 Years

28.7%

10 + Years

14.6%

PRIVATE WEALTH MANAGEMENT

Objective

Current income and total return

Account Minimums

Portfolio Managers

Commentary

Performance Returns

Portfolio Characteristics

Top 10 Holdings

Top 10 Issuers

Fixed Income Sector Breakdowns

Asset Allocations

Credit Rating

Maturity

Documents

Oakmark Funds

Ready to get started?