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: First Quarter 2022

March 31, 2022

A German life science company with pharmaceuticals, consumer health and crop science divisions was a top contributor to the Fund’s quarterly performance, while a global internet and technology company headquartered in the Netherlands was...

Oakmark International Small Cap Fund: First Quarter 2022

March 31, 2022

A large Australian manufacturer of mining explosives and fertilizers was a top contributor to the Fund’s quarterly performance, while a German mechanical and plant engineering firm was a top detractor.

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.

News + Insights

OAKIX - Oakmark International Fund ticker image

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.

OAKEX Ticker Image

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.