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: Third Quarter 2022 and Fiscal Year-End

September 30, 2022

An Indian banking and financial services company was a top contributor to the Fund’s quarterly performance, while a German tire and automotive component manufacturer was a top detractor.

Oakmark International Small Cap Fund: Third Quarter 2022 and Fiscal Year-End

September 30, 2022

A German supplier of components for electromobility in the auto industry was a top contributor to the Fund’s quarterly performance, while a German software and services technology company was a top detractor.

Oakmark International Fund: Second Quarter 2022

June 30, 2022

A top contributor to the Fund’s performance was a global internet and technology company based in the Netherlands, while a top detractor was a Swiss financial services company.

News + Insights

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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.