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

Mike Manelli- Portfolio Manager- Headshot

Michael L. Manelli, CFA

Partner and Portfolio Manager

Mike Manelli has been a manager of the Oakmark International Small Cap Fund since 2011 and the Oakmark International Fund since 2016.

He is also an investment analyst on the international research team at Harris Associates, which he joined in 2005 after working as a research associate/analyst at Morgan Stanley, and is a vice president of the Oakmark Funds.

Mr. Manelli received a B.B.A. degree in finance from the University of Iowa (2000).

Commentary

Oakmark International Fund: Fourth Quarter 2021

December 31, 2021

A top contributor to the Fund’s quarterly performance was a global agricultural and construction equipment manufacturer, while a top detractor was a Chinese internet company.

Oakmark International Small Cap Fund: Fourth Quarter 2021

December 31, 2021

A top contributor to the Fund’s quarterly performance was a consumer tire manufacturer based in Italy, while a top detractor was a German-headquartered business infrastructure software solutions provider.

Oakmark International Fund: Third Quarter 2021

September 30, 2021

A Swiss mining firm with leading market positions in copper, coal, zinc, nickel and cobalt mining was a top contributor to the Fund’s quarterly performance, while a German tire and automotive component manufacturer was...

News + Insights

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News

Oakmark International Small Cap Fund Featured in Citywire Professional Buyer

July 1, 2021

Citywire Professional Buyer Featured the Oakmark International Small Cap Fund because of its returns within the Morningstar Foreign Small/Mid Value category.

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News

Oakmark International Fund Wins 2021 Refinitiv Lipper Fund Award

March 11, 2021

The Oakmark International Fund is a Refinitiv Lipper Fund Awards winner for best international multi-cap value fund over the 10-year period.

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News

Oakmark International Small Cap Fund 25th Anniversary Retrospective

November 17, 2020

In honor of Oakmark International Small Cap’s 25th anniversary, Portfolio Manager Michael Manelli reflects on the Fund’s history.

We do value investing differently

At Oakmark, we don’t have an opinion about how equities will perform this year, if a recession will start or if the political parties will produce pro-growth candidates for 2020. As long-term investors, we don’t think it matters.