The Oakmark Funds are advised by Harris Associates L.P. an autonomous subsidiary of Natixis Investment Managers, L.P.

Learn more about the principles and philosophy behind our funds at HarrisAssoc.com.

Harris Associates

111 South Wacker Drive, Suite 4600
Chicago, Illinois 60606
312-646-3600

OAZBX

Fund

Oakmark Equity and Income

Inception Date

12/15/2020

Cusip

413838558

Share Class Total Net Assets

$306.10 M

Daily Nav

$37.00

(12/13/2024)

Nav Change

0.20

Nav YTD %

11.73%

Objective

Current income and preservation and growth of capital

Oakmark Equity and Income seeks income and preservation and growth of capital. The Fund is primarily made up of U.S. equity and fixed-income securities.

Information on recent Morningstar category changes for Oakmark Equity and Income is available here.


DISTRIBUTIONS UPDATE: The Oakmark Equity and Income Fund will now distribute income quarterly. Distribution dates are available here.

Growth of a $10,000 Investment (Investor Share Class)

From 11/01/1995 to 09/30/2024

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 graph does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

The Oakmark Equity and Income Fund invests in medium- and lower-quality debt securities that have higher yield potential but present greater investment and credit risk than higher-quality securities. These risks may result in greater share price volatility. An economic downturn could severely disrupt the market in medium or lower grade debt securities and adversely affect the value of outstanding bonds and the ability of the issuers to repay principal and interest.

The Oakmark Equity and Income Fund’s portfolio tends to be invested in a relatively small number of securities. As a result, the appreciation or depreciation of any one security held by the Fund will have a greater impact on the Fund’s net asset value than it would if the Fund invested in a larger number of securities. Although that strategy has the potential to generate attractive returns over time, it also increases the Fund’s volatility.

Oakmark Equity and Income Fund: The securities of medium-sized companies tend to be more volatile than those of large companies and have underperformed the securities of small and large companies during some periods.

The S&P 500 Index is a float-adjusted, capitalization-weighted index of 500 U.S. large-capitalization stocks representing all major industries. It is a widely recognized index of broad, U.S. equity market performance. Returns reflect the reinvestment of dividends. This index is unmanaged and investors cannot invest directly in this index.

The Lipper Balanced Fund Index measures the equal-weighted performance of the 30 largest U.S. balanced funds as defined by Lipper. This index is unmanaged and investors cannot invest directly in this index.

The Bloomberg U.S. Government/Credit Bond Index measures the non-securitized component of the U.S. Aggregate Index. It includes investment grade, U.S. dollar-denominated, fixed-rate Treasuries, government-related and corporate securities. This index is unmanaged and investors cannot invest directly in this index.

Commentary

See All Commentary

Oakmark Equity and Income Fund: Third Calendar Quarter 2024

We continue to find attractive investment opportunities across sectors and asset classes that meet our value investment criteria.

Read Commentary

Performance Returns

  • Returns % as of 11/30/2024
  • Returns % as of 09/30/2024
Expense Ratio: 0.56%
Fund Inception: 12/15/2020

Expense ratios are from the Fund’s most recent prospectus dated January 28, 2024, as amended and restated July 1, 2024; actual expenses may vary.
Returns for periods of less than one year are not annualized.

Portfolio Characteristics

As of 09/30/2024

Median Market Cap

$41,456 M

Weighted Average Market Cap

$212,732 M

Current Price to Earnings Ratio

13.5

Projected Price to Earnings

11.5

Current Price to Book Ratio

1.9

Projected Price to Book

1.7

Current Price to Cash Flow

12.1

Projected Price to Cash Flow

10.9

Turnover Rate (as of 09/30/2023)

45%

Dividend Yield

1.68%

Beta vs. Benchmark

0.594

Standard Deviation

10.77%

30-Day Unsubsidized SEC Yield

2.4%

30-Day Subsidized SEC Yield

2.4%

Duration

5.24

Top 10 Equities and Equivalents

As of 11/30/2024

Total % in Top 10 Holdings 19.8%

Total # of Holdings 53

Assets Under Mgmt. $6,545.85M

 

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.

Equity Sector Breakdowns

As of 09/30/2024

Top 10 Fixed Income

As of 11/30/2024

Total % in Top 10 Holdings 7.2%

Total # of Holdings 193

Assets Under Mgmt. $6,545.85M

 

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.

Fixed Income Sector Breakdowns

As of 09/30/2024

Asset Allocations

As of 09/30/2024

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