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.
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).
News
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.
News
November 17, 2020
In honor of Oakmark International Small Cap’s 25th anniversary, Portfolio Manager Michael Manelli reflects on the Fund’s history.
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.
Commentary
Oakmark International Fund: First Quarter 2021
March 31, 2021
A Swiss mining firm was a top contributor to the Fund’s quarterly performance while a financial services company headquartered in Switzerland was a top detractor.
Oakmark International Small Cap Fund: First Quarter 2021
March 31, 2021
A Finnish engineering firm that specializes in overhead lifting equipment was a top contributor to the Fund’s quarterly performance while a Spanish industrial company that provides testing, inspection and certifications was a top detractor.
Oakmark International Fund: Fourth Quarter 2020
December 31, 2020
A large contributor to the Fund’s performance was a U.K.-based retail bank, while a large detractor was a China-based internet and direct marketing retailer.