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

Harris Associates

111 South Wacker Drive, Suite 4600
Chicago, Illinois 60606



Oakmark Select

Inception Date




Share Class Total Net Assets

$1,666.17 M

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Long-term capital appreciation

Oakmark Select is a non-diversified fund (about 20 stocks) that seeks long-term capital appreciation by generally investing in mid- and large-cap U.S. companies.

Portfolio Managers

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Oakmark Select

Bill Nygren discusses the Oakmark Select Fund

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

From 11/01/1996 to 03/31/2024

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.

Because the Oakmark Select Fund is non-diversified, the performance of each holding will have a greater impact on the Fund’s total return, and may make the Fund’s returns more volatile than a more diversified fund.

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

The S&P 500 Total Return 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.


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Oakmark Select Fund: Second Calendar Quarter 2024

While the outperformance of growth stocks weighed on our relative returns in the second quarter, it has also created...

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Performance Returns

  • Returns % as of 06/30/2024
Expense Ratio: 1.00%
Fund Inception: 11/01/1996

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 03/31/2024

Median Market Cap

$72,014 M

Weighted Average Market Cap

$201,202 M

Current Price to Earnings Ratio


Projected Price to Earnings


Current Price to Book Ratio


Projected Price to Book


Current Price to Cash Flow


Projected Price to Cash Flow


Turnover Rate (as of 09/30/2023)


Dividend Yield


Beta vs. Benchmark


Standard Deviation


Top 10 Equities and Equivalents

As of 06/30/2024

Total % in Top 10 Holdings 60.5%

Total # of Holdings 21

Assets Under Mgmt. $6,139.51M


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 03/31/2024

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