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Trending ETFs

Name

As of 04/11/2024

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 Select Fund

OANLX | Fund

$72.93

$6.26 B

0.68%

$0.49

0.78%

Vitals

YTD Return

3.7%

1 yr return

34.4%

3 Yr Avg Return

9.0%

5 Yr Avg Return

13.3%

Net Assets

$6.26 B

Holdings in Top 10

63.3%

52 WEEK LOW AND HIGH

$72.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.78%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 20.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 04/11/2024

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 Select Fund

OANLX | Fund

$72.93

$6.26 B

0.68%

$0.49

0.78%

OANLX - Profile

Distributions

  • YTD Total Return 3.7%
  • 3 Yr Annualized Total Return 9.0%
  • 5 Yr Annualized Total Return 13.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.18%
DIVIDENDS
  • Dividend Yield 0.7%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Oakmark Select Fund
  • Fund Family Name
    Oakmark
  • Inception Date
    Nov 30, 2016
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    William Nygren

Fund Description

The Fund invests primarily in common stocks of U.S. companies. The Fund is non-diversified, which means that it may invest a greater portion of its assets in a more limited number of issuers than a diversified fund. The Fund could own as few as twelve securities, but generally will have approximately twenty securities in its portfolio and as a result, a higher percentage of the Fund's total assets may at times be invested in a particular sector or industry. The Fund generally invests in the securities of large- and mid-capitalization companies.

The Fund uses a value investment philosophy in selecting equity securities. This value investment philosophy is based upon the belief that, over time, a company's stock price converges with the Adviser's estimate of the company's intrinsic value. By "intrinsic value," the Adviser means its estimate of the price a knowledgeable buyer would pay to acquire the entire business. The Adviser believes that investing in securities priced significantly below what it believes is a company's intrinsic value presents the best opportunity to achieve the Fund's investment objective. A company trading below its estimated intrinsic value is sometimes referred to as trading at a discount.

The Adviser uses this value investment philosophy to identify companies that have discounted stock prices compared to what the Adviser believes are the companies' intrinsic values. In assessing such companies, the Adviser looks for the following characteristics, although the companies selected may not have all of these attributes: (1) free cash flows; (2) earnings that are growing and are reasonably predictable; and (3) high level of company management alignment with shareholders.

Key Tenets of the Oakmark Value Investment Philosophy:

1.  Buy businesses that are trading at a significant discount to the Adviser's estimate of the company's intrinsic value. At the time the Adviser buys a company, the Adviser wants the company's stock to be inexpensive relative to what it believes the entire business is worth.

2.  Invest with companies expected to grow shareholder value over time. Value investors can sometimes fall into the trap of buying a stock that is inexpensive for a reason—because the company just does not grow. The Adviser looks for businesses that are expected to achieve a combination of dividend yield and per-share growth in business value that is above-average.

3.  Invest with management teams that think and act as owners. The Adviser seeks out companies with management teams that understand the dynamics of per share value growth and are focused on achieving such growth. Stock ownership and incentives that align managements' interests with those of shareholders are key components of this analysis.

In making its investment decisions, the Adviser uses a "bottom-up" approach focused on individual companies, rather than focusing on specific economic factors or specific industries. To facilitate its selection of investments that meet the criteria described above, the Adviser uses independent, in-house research to analyze each company. As part of this selection process, the Adviser's analysts typically visit companies and conduct other research on the companies and their industries.

Once the Adviser identifies a stock that it believes is selling at a significant discount to the Adviser's estimated intrinsic value and that the company has one or more of the additional qualities mentioned above, the Adviser may consider buying that stock for the Fund. The Adviser usually sells a stock when the price approaches its estimated intrinsic value. This means the Adviser sets specific "buy" and "sell" targets for each stock the Fund holds. The Adviser monitors each portfolio holding and adjusts these price targets as warranted to reflect changes in a company's fundamentals.

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. Use of options may assist the Fund in managing distributions.

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OANLX - Performance

Return Ranking - Trailing

Period OANLX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.7% -3.6% 19.7% 87.47%
1 Yr 34.4% -9.0% 40.6% 0.26%
3 Yr 9.0%* -4.2% 31.3% 19.86%
5 Yr 13.3%* -0.8% 43.5% 6.70%
10 Yr N/A* 1.4% 25.0% 53.97%

* Annualized

Return Ranking - Calendar

Period OANLX Return Category Return Low Category Return High Rank in Category (%)
2023 42.3% -24.9% 46.1% 0.35%
2022 -23.0% -65.1% 4.6% 93.35%
2021 33.7% -44.2% 57.5% 1.28%
2020 10.7% -23.2% 285.0% 4.10%
2019 26.8% -21.4% 48.5% 6.15%

Total Return Ranking - Trailing

Period OANLX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.7% -3.6% 19.7% 87.47%
1 Yr 34.4% -9.0% 40.6% 0.26%
3 Yr 9.0%* -4.2% 31.3% 19.86%
5 Yr 13.3%* -0.8% 43.5% 6.70%
10 Yr N/A* 1.4% 25.0% 50.10%

* Annualized

Total Return Ranking - Calendar

Period OANLX Return Category Return Low Category Return High Rank in Category (%)
2023 43.3% -15.9% 46.7% 0.26%
2022 -22.6% -42.0% 8.5% 99.56%
2021 34.6% 3.6% 129.7% 2.10%
2020 11.0% -22.6% 304.8% 9.24%
2019 27.9% -12.7% 52.1% 24.71%

NAV & Total Return History


OANLX - Holdings

Concentration Analysis

OANLX Category Low Category High OANLX % Rank
Net Assets 6.26 B 1.09 M 163 B 16.82%
Number of Holdings 23 2 1689 98.36%
Net Assets in Top 10 3.89 B 420 K 33.9 B 9.47%
Weighting of Top 10 63.30% 4.8% 99.9% 1.38%

Top 10 Holdings

  1. CBRE Group Inc 8.01%
  2. IQVIA Holdings Inc 7.72%
  3. Lithia Motors Inc 6.97%
  4. FIXED INC CLEARING CORP.REPO 6.73%
  5. Capital One Financial Corp 6.63%
  6. Alphabet Inc 6.49%
  7. Charles Schwab Corp/The 5.66%
  8. First Citizens BancShares Inc/NC 5.64%
  9. Intercontinental Exchange Inc 4.97%
  10. KKR Co Inc 4.49%

Asset Allocation

Weighting Return Low Return High OANLX % Rank
Stocks
93.50% 1.86% 108.42% 94.23%
Other
6.73% -3.53% 39.72% 1.38%
Preferred Stocks
0.00% 0.00% 13.88% 64.80%
Convertible Bonds
0.00% 0.00% 3.66% 63.07%
Cash
0.00% -0.79% 38.18% 98.19%
Bonds
0.00% -0.71% 73.23% 64.63%

Stock Sector Breakdown

Weighting Return Low Return High OANLX % Rank
Financial Services
25.64% 0.00% 58.05% 8.58%
Communication Services
22.75% 0.00% 26.58% 0.35%
Consumer Cyclical
15.68% 0.00% 22.74% 2.43%
Energy
8.62% 0.00% 54.00% 35.27%
Healthcare
7.61% 0.00% 30.08% 96.62%
Real Estate
7.46% 0.00% 90.54% 5.03%
Technology
4.73% 0.00% 54.02% 93.59%
Consumer Defense
4.25% 0.00% 34.10% 87.78%
Industrials
3.25% 0.00% 42.76% 96.88%
Utilities
0.00% 0.00% 27.04% 94.80%
Basic Materials
0.00% 0.00% 21.69% 95.49%

Stock Geographic Breakdown

Weighting Return Low Return High OANLX % Rank
US
93.50% 1.86% 108.42% 78.14%
Non US
0.00% 0.00% 27.89% 73.32%

OANLX - Expenses

Operational Fees

OANLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.78% 0.03% 14.82% 63.99%
Management Fee 0.71% 0.00% 1.50% 78.74%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

OANLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 0.95% 5.00% N/A

Trading Fees

OANLX 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.

OANLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 20.00% 0.00% 488.00% 21.41%

OANLX - Distributions

Dividend Yield Analysis

OANLX Category Low Category High OANLX % Rank
Dividend Yield 0.68% 0.00% 48.60% 92.27%

Dividend Distribution Analysis

OANLX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Quarterly Quarterly

Net Income Ratio Analysis

OANLX Category Low Category High OANLX % Rank
Net Income Ratio 0.18% -1.51% 4.28% 94.10%

Capital Gain Distribution Analysis

OANLX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

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OANLX - Fund Manager Analysis

Managers

William Nygren


Start Date

Tenure

Tenure Rank

Nov 01, 1996

25.59

25.6%

William Nygren is a Partner and Portfolio Manager at Harris Associates L.P. He joined Harris Associates in 1983 as an investment analyst and later served as the firm’s director of research. Previously, he was an investment analyst with Northwestern Mutual Life Insurance Company. Mr. Nygren earned a BS in accounting from the University of Minnesota (1980) and an MS in finance from the University of Wisconsin – Madison’s Applied Security Analysis Program (1981). He is a CFA® charterholder.

Anthony Coniaris


Start Date

Tenure

Tenure Rank

Jan 28, 2013

9.34

9.3%

Anthony P. Coniaris, is the Co-Chairman, Portfolio Manager and an Analyst at Harris. He started at Harris Associates as a Research Associate in 1999 and became an analyst in 2003. He received an M.B.A. from Northwestern University (2005) and a B.A. in Business/Economics from Wheaton College (1999).

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 86.59 8.02 16.42