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Trending ETFs

Name

As of 04/12/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Oakmark Bond Fund

OAKCX | Fund

$8.67

$114 M

0.00%

1.33%

Vitals

YTD Return

-1.6%

1 yr return

2.6%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$114 M

Holdings in Top 10

31.2%

52 WEEK LOW AND HIGH

$8.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.33%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 112.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 04/12/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Oakmark Bond Fund

OAKCX | Fund

$8.67

$114 M

0.00%

1.33%

OAKCX - Profile

Distributions

  • YTD Total Return -1.6%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Oakmark Bond Fund
  • Fund Family Name
    Oakmark
  • Inception Date
    Feb 03, 2022
  • Shares Outstanding
    N/A
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Adam Abbas

Fund Description

The Fund invests primarily in a diversified portfolio of bonds and other fixed-income securities. These include, but are not limited to, investment grade corporate bonds; U.S. or non-U.S.-government and government-related obligations (such as, U.S. treasury securities); below investment-grade corporate bonds; agency and non-agency mortgage backed-securities; asset-backed securities; senior loans (such as, leveraged loans, bank loans, covenant lite loans, and/or floating rate loans); assignments; restricted securities (e.g., Rule 144A securities); and other fixed and floating rate instruments. Under normal market conditions, the Fund invests at least 80% of its net assets (plus borrowings made for investment purposes) in bonds and other fixed-income securities, and other investments that the Adviser believes have similar economic characteristics, including other investment companies that provide investment exposure to such securities. The Adviser may shift the level of these allocations among the different bond and other fixed-income asset classes depending on market conditions.

Under normal market conditions, the Fund invests at least 25% of its assets in investment-grade fixed-income securities and may invest up to 35% of its assets in below investment-grade fixed-income securities (commonly known as "high-yield" or "junk bonds"). The Fund considers fixed-income securities to be investment-grade if, at the time of investment, they are rated Baa3 or higher by Moody's Investors Service ("Moody's"), BBB- or higher by S&P Global Ratings ("S&P") or Fitch Ratings, or equivalently rated by any other nationally recognized statistical rating

organization ("NRSRO"), or, if unrated, deemed to be of comparable quality by the Adviser. The Fund considers fixed-income securities to be below investment-grade if, at the time of investment, they are rated Ba1 or lower by Moody's, BB+ or lower by S&P, or equivalently rated by any NRSRO, or, if unrated, determined by the Adviser to be of comparable quality. Only one rating is required and if a security is split rated, the Adviser assigns the lowest rating. The Fund invests in senior loans that are typically rated below investment-grade and to bear interest at a floating rate that periodically resets. The Fund may also invest up to 10% of its net assets in defaulted corporate securities.

In seeking to achieve the objectives of the Fund, the Adviser may purchase securities on a when-issued basis and purchase or sell delayed-delivery securities. In addition, the Fund may invest in fixed income securities structured as fixed rate debt; floating rate debt; and debt that may not pay interest at the time of issuance. The Fund may also invest in inverse floaters, as well as interest-only and principal-only securities.

The Fund will prioritize differentiation through bottom-up, single-security selection across the major fixed income asset classes with a secondary focus on top-down asset allocation and interest rate and duration management. When selecting individual securities, the Adviser uses a bottom-up approach and seeks relative price appreciation by selecting securities the Adviser believes to be undervalued based on research and fundamental analysis and by making gradual adjustment in the average duration of the Fund's portfolio. The Adviser's investment strategy is a bottom-up process that first looks for opportunities by focusing on an individual issuer's default risk pricing and then incorporates top-down considerations such as interest rate forecasting, curve selection, and other macros factors.

The Adviser utilizes an investment approach that considers a quantitative valuation model combined with a qualitative ratings framework. The Fund's portfolio selection process uses a ranking structure with a defined "buy" and "sell" discipline that allocates investments among a list of approved issuers and considers an individual investment's risk reward profile, legal structure, and/or downside risk, among other factors. The Adviser actively manages the portfolio's asset class exposure using a top-down view of sector fundamentals. The Adviser rotates Fund portfolio assets among sectors in various markets in an effort to maximize return.

Under normal market conditions, the Adviser seeks to maintain an investment portfolio with a weighted average effective duration of no less than two years and no more than eight years. The duration of the Fund's portfolio may vary materially from its target, from time to time, and there is no assurance that the duration of the Fund's portfolio will meet its target.

The Fund may invest up to 20% of its assets in equity securities, such as common stocks and preferred stocks. The Fund may also hold cash or short-term debt securities from time to time and for temporary defensive purposes.

The Fund may invest in derivative instruments, such as futures, forwards (including forward foreign currency contracts), and swap agreements (including credit default swaps, interest rate swaps, and total return swaps), for a variety of purposes, including, but not limited to, managing the Fund's duration or its exposure to fixed income securities with different maturities, currencies, interest rates, individual issuers, or sectors. The Fund may also use options, including, but

not limited to, buying and selling (writing) put and call options on individual stocks and indexes, when such use is desirable because of tax or other considerations.

In deciding which fixed income securities to buy and sell, the Adviser attempts to emphasize securities issued by companies with strong fundamentals and relatively limited anticipated volatility. These securities are selected with the same bottom-up investment process that underpins all of the Oakmark funds. The Fund uses a value investment philosophy in selecting its securities. This value investment philosophy, in the context of fixed-income securities, is based upon the belief that, over time, a company's credit default risk will converge with the Adviser's estimate of the credit default risk associated with a company's intrinsic value. By "intrinsic value," the Adviser means its estimate of the value a knowledgeable buyer would pay to acquire the entire business. The Adviser believes that investing in securities that have credit risk priced significantly below what it believes the company's intrinsic value implies, allows the best opportunity to achieve the Fund's investment objective.

In an effort to achieve its goal, the Fund may engage in active and frequent trading. The Fund's investment objective may be changed without shareholder approval. The Fund will not alter its policy to invest at least 80% of its net assets (plus borrowings made for investment purposes) in bonds and other fixed-income securities, and other investments that the Adviser believes have similar economic characteristics, including other investment companies that provide investment exposure to such securities, without providing shareholders at least 60 days' notice. This test is applied at the time the Fund invests; later percentage changes caused by a change in Fund assets, market values or company circumstances will not require the Fund to dispose of a holding.

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OAKCX - Performance

Return Ranking - Trailing

Period OAKCX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.6% -10.4% 3.2% 12.88%
1 Yr 2.6% -11.1% 11.5% 3.38%
3 Yr N/A* -10.7% 25.0% N/A
5 Yr N/A* -6.9% 190.7% N/A
10 Yr N/A* -2.6% 73.3% N/A

* Annualized

Return Ranking - Calendar

Period OAKCX Return Category Return Low Category Return High Rank in Category (%)
2023 2.1% -16.2% 8.1% 51.24%
2022 N/A -34.7% 131.9% N/A
2021 N/A -11.6% 4.4% N/A
2020 N/A -10.1% 946.1% N/A
2019 N/A -1.7% 16.9% N/A

Total Return Ranking - Trailing

Period OAKCX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.6% -10.4% 3.2% 12.88%
1 Yr 2.6% -11.1% 11.5% 3.38%
3 Yr N/A* -10.7% 25.0% N/A
5 Yr N/A* -6.9% 190.7% N/A
10 Yr N/A* -2.6% 73.3% N/A

* Annualized

Total Return Ranking - Calendar

Period OAKCX Return Category Return Low Category Return High Rank in Category (%)
2023 6.7% -11.3% 11.0% 26.97%
2022 N/A -32.2% 131.9% N/A
2021 N/A -9.4% 9.2% N/A
2020 N/A -1.9% 1009.0% N/A
2019 N/A 1.1% 21668.0% N/A

NAV & Total Return History


OAKCX - Holdings

Concentration Analysis

OAKCX Category Low Category High OAKCX % Rank
Net Assets 114 M 2.9 M 314 B 88.53%
Number of Holdings 126 1 17889 92.83%
Net Assets in Top 10 35.5 M -106 M 36.5 B 84.77%
Weighting of Top 10 31.19% 4.4% 134.1% 29.74%

Top 10 Holdings

  1. FIXED INC CLEARING CORP.REPO 4.32%
  2. Fannie Mae Pool 3.68%
  3. Fannie Mae Pool 3.66%
  4. Freddie Mac Multifamily Structured Pass Through Certificates 3.58%
  5. Freddie Mac Multifamily Structured Pass Through Certificates 3.53%
  6. Freddie Mac Multifamily Structured Pass Through Certificates 3.52%
  7. BANK 2022-BNK40 2.82%
  8. United States Treasury Note/Bond 2.15%
  9. United States Treasury Note/Bond 2.14%
  10. United States Treasury Note/Bond 1.80%

Asset Allocation

Weighting Return Low Return High OAKCX % Rank
Bonds
86.82% 0.00% 215.98% 77.65%
Other
13.70% -13.23% 50.66% 15.82%
Convertible Bonds
0.62% 0.00% 7.93% 75.87%
Preferred Stocks
0.59% 0.00% 74.68% 8.06%
Stocks
0.00% 0.00% 99.93% 49.80%
Cash
0.00% -54.51% 79.52% 93.32%

Bond Sector Breakdown

Weighting Return Low Return High OAKCX % Rank
Corporate
59.81% 0.00% 100.00% 2.67%
Government
31.70% 0.00% 86.23% 33.14%
Securitized
6.21% 0.00% 98.40% 94.46%
Derivative
0.00% -5.38% 50.66% 59.04%
Cash & Equivalents
0.00% 0.00% 76.23% 93.12%
Municipal
0.00% 0.00% 100.00% 79.92%

Bond Geographic Breakdown

Weighting Return Low Return High OAKCX % Rank
US
86.82% 0.00% 215.98% 72.10%
Non US
0.00% 0.00% 39.04% 53.44%

OAKCX - Expenses

Operational Fees

OAKCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.33% 0.01% 39.10% 14.65%
Management Fee 0.39% 0.00% 1.76% 54.27%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

OAKCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

OAKCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

OAKCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 112.00% 2.00% 493.39% 46.14%

OAKCX - Distributions

Dividend Yield Analysis

OAKCX Category Low Category High OAKCX % Rank
Dividend Yield 0.00% 0.00% 9.92% 18.63%

Dividend Distribution Analysis

OAKCX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Monthly Monthly

Net Income Ratio Analysis

OAKCX Category Low Category High OAKCX % Rank
Net Income Ratio N/A -1.28% 4.79% N/A

Capital Gain Distribution Analysis

OAKCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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OAKCX - Fund Manager Analysis

Managers

Adam Abbas


Start Date

Tenure

Tenure Rank

Jun 10, 2020

1.97

2.0%

Mr. Abbas received a B.S. in industrial engineering from Northwestern University and is currently pursuing an M.B.A. from the University of Chicago. In 2004, Mr. Abbas joined Huron Consulting Group as a consultant. From 2006 through 2010, Mr. Abbas was an analyst for Neuberger Berman/Lehman Brothers Asset Management where he focused on high yield bond and loan investments within the information technology, media and telecom space. In 2010, he joined the Adviser, where he also serves as a senior research analyst for the Driehaus Active Income Fund and the Driehaus Select Credit Fund.

M. Colin Hudson


Start Date

Tenure

Tenure Rank

Jun 10, 2020

1.97

2.0%

M. Colin Hudson, CFA, is a Vice President, portfolio manager and analyst of Harris Associates L.P.. He joined Harris Associates L.P. in 2005. Mr. Hudson holds an M.B.A. in Finance from Indiana University (1999), an M.S. in Geology from Indiana University (1995) and a B.A. in Economics from DePauw University (1992).

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.43 6.8 1.16