Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 10/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
8.1%
1 yr return
17.7%
3 Yr Avg Return
5.4%
5 Yr Avg Return
11.1%
Net Assets
$1.18 B
Holdings in Top 10
35.0%
Expense Ratio 1.13%
Front Load N/A
Deferred Load N/A
Turnover 40.00%
Redemption Fee N/A
Standard (Taxable)
$1,000
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 10/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The Fund invests primarily in a diversified portfolio of common stocks of U.S. and non-U.S. companies. The Fund invests in the securities of companies located in at least three countries. Typically, the Fund invests between 25-75% of its total assets in securities of U.S. companies and between 25-75% of its total assets in securities of non-U.S. companies. In determining whether an issuer is a U.S. or non-U.S. company, the Fund considers various factors including its country of domicile, the primary stock exchange on which it trades, the location from which the majority of its revenue comes, and its reporting currency. There are no geographic limits on the Fund's non-U.S. investments, and the Fund may invest in securities of companies located in developed or emerging markets. The Fund considers emerging markets to be markets located in countries classified as emerging or frontier markets by MSCI, and are generally located in the AsiaPacific region, Eastern Europe, the Middle East, Central and South America, and Africa. The Fund may invest in the securities of large-, mid-, and small-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 Adviser believes that holding a relatively small number of stocks allows its "best ideas" to have a meaningful impact on the Fund's performance. Therefore, the Fund's portfolio typically holds thirty to sixty stocks rather than hundreds, and as a result, a higher percentage of the Fund's total assets may at times be invested in a particular region, sector or industry.
Period | OAKGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 8.1% | -35.6% | 29.2% | 2.57% |
1 Yr | 17.7% | 17.3% | 252.4% | 4.55% |
3 Yr | 5.4%* | -3.5% | 34.6% | 71.05% |
5 Yr | 11.1%* | 0.1% | 32.7% | 50.07% |
10 Yr | 7.6%* | -6.9% | 18.3% | 60.85% |
* Annualized
Period | OAKGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.3% | -24.3% | 957.1% | 65.37% |
2022 | -17.5% | -38.3% | 47.1% | 31.48% |
2021 | 8.6% | -54.2% | 0.6% | 96.10% |
2020 | 8.8% | -76.0% | 54.1% | 54.32% |
2019 | 24.9% | -26.1% | 47.8% | 38.44% |
Period | OAKGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 8.1% | -35.6% | 29.2% | 2.57% |
1 Yr | 17.7% | 11.4% | 252.4% | 4.55% |
3 Yr | 5.4%* | -3.5% | 34.6% | 68.37% |
5 Yr | 11.1%* | 0.1% | 32.7% | 48.46% |
10 Yr | 7.6%* | -6.9% | 18.3% | 59.18% |
* Annualized
Period | OAKGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 17.2% | -24.3% | 957.1% | 65.37% |
2022 | -16.8% | -33.1% | 47.1% | 31.73% |
2021 | 28.5% | -44.4% | 1.8% | 84.66% |
2020 | 9.0% | -6.5% | 54.1% | 24.01% |
2019 | 29.6% | -14.4% | 47.8% | 46.73% |
OAKGX | Category Low | Category High | OAKGX % Rank | |
---|---|---|---|---|
Net Assets | 1.18 B | 199 K | 133 B | 23.79% |
Number of Holdings | 47 | 1 | 9075 | 64.32% |
Net Assets in Top 10 | 396 M | -18 M | 37.6 B | 23.57% |
Weighting of Top 10 | 35.00% | 9.1% | 100.0% | 25.40% |
Weighting | Return Low | Return High | OAKGX % Rank | |
---|---|---|---|---|
Stocks | 96.24% | 61.84% | 125.47% | 60.46% |
Other | 3.72% | -13.98% | 19.14% | 72.80% |
Cash | 0.04% | -174.70% | 23.12% | 35.90% |
Preferred Stocks | 0.00% | -0.01% | 5.28% | 69.82% |
Convertible Bonds | 0.00% | 0.00% | 4.46% | 66.52% |
Bonds | 0.00% | -1.50% | 161.67% | 67.84% |
Weighting | Return Low | Return High | OAKGX % Rank | |
---|---|---|---|---|
Financial Services | 23.46% | 0.00% | 38.42% | 4.07% |
Communication Services | 18.69% | 0.00% | 57.66% | 11.01% |
Consumer Cyclical | 14.82% | 0.00% | 40.94% | 18.39% |
Healthcare | 12.99% | 0.00% | 35.42% | 64.87% |
Technology | 11.72% | 0.00% | 49.87% | 90.53% |
Industrials | 10.10% | 0.00% | 44.06% | 24.78% |
Consumer Defense | 3.47% | 0.00% | 73.28% | 85.35% |
Basic Materials | 2.70% | 0.00% | 38.60% | 70.04% |
Energy | 2.06% | 0.00% | 21.15% | 54.30% |
Utilities | 0.00% | 0.00% | 29.12% | 92.18% |
Real Estate | 0.00% | 0.00% | 39.48% | 92.73% |
Weighting | Return Low | Return High | OAKGX % Rank | |
---|---|---|---|---|
US | 53.00% | 0.13% | 103.82% | 81.94% |
Non US | 43.24% | 0.58% | 99.46% | 12.89% |
OAKGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.13% | 0.01% | 44.27% | 45.84% |
Management Fee | 0.80% | 0.00% | 1.82% | 79.76% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.76% | N/A |
OAKGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
OAKGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
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.
OAKGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 40.00% | 0.00% | 395.00% | 27.18% |
OAKGX | Category Low | Category High | OAKGX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.50% | 0.00% | 3.26% | 65.97% |
OAKGX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | Annually | Annually |
OAKGX | Category Low | Category High | OAKGX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.31% | -4.27% | 12.65% | 72.05% |
OAKGX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Date | Amount | Type |
---|---|---|
Dec 14, 2023 | $0.530 | OrdinaryDividend |
Dec 14, 2023 | $0.869 | CapitalGainLongTerm |
Dec 15, 2022 | $0.215 | OrdinaryDividend |
Dec 16, 2021 | $0.197 | OrdinaryDividend |
Dec 16, 2021 | $2.922 | CapitalGainShortTerm |
Dec 16, 2021 | $3.120 | CapitalGainLongTerm |
Dec 10, 2020 | $0.052 | OrdinaryDividend |
Dec 12, 2019 | $0.404 | OrdinaryDividend |
Dec 12, 2019 | $0.686 | CapitalGainLongTerm |
Dec 13, 2018 | $0.038 | ExtraDividend |
Dec 13, 2018 | $3.190 | CapitalGainLongTerm |
Dec 13, 2018 | $0.292 | OrdinaryDividend |
Dec 14, 2017 | $0.031 | ExtraDividend |
Dec 14, 2017 | $0.140 | CapitalGainShortTerm |
Dec 14, 2017 | $2.041 | CapitalGainLongTerm |
Dec 14, 2017 | $0.305 | OrdinaryDividend |
Nov 28, 2016 | $0.038 | ExtraDividend |
Nov 28, 2016 | $0.301 | OrdinaryDividend |
Dec 17, 2015 | $0.025 | ExtraDividend |
Dec 17, 2015 | $0.470 | CapitalGainLongTerm |
Dec 17, 2015 | $0.309 | OrdinaryDividend |
Dec 18, 2014 | $0.021 | ExtraDividend |
Dec 18, 2014 | $0.172 | CapitalGainShortTerm |
Dec 18, 2014 | $1.569 | CapitalGainLongTerm |
Dec 18, 2014 | $0.354 | OrdinaryDividend |
Dec 19, 2013 | $0.011 | ExtraDividend |
Dec 19, 2013 | $0.546 | CapitalGainLongTerm |
Dec 19, 2013 | $0.753 | OrdinaryDividend |
Dec 13, 2012 | $0.371 | OrdinaryDividend |
Dec 16, 2010 | $0.016 | ExtraDividend |
Dec 16, 2010 | $0.089 | OrdinaryDividend |
Dec 17, 2009 | $0.138 | OrdinaryDividend |
Dec 17, 2009 | $0.022 | ExtraDividend |
Dec 18, 2008 | $0.048 | ExtraDividend |
Dec 18, 2008 | $0.028 | CapitalGainShortTerm |
Dec 18, 2008 | $0.701 | OrdinaryDividend |
Dec 13, 2007 | $0.029 | ExtraDividend |
Dec 13, 2007 | $0.305 | CapitalGainShortTerm |
Dec 13, 2007 | $2.733 | CapitalGainLongTerm |
Dec 13, 2007 | $0.037 | OrdinaryDividend |
Dec 14, 2006 | $3.541 | CapitalGainLongTerm |
Dec 14, 2006 | $0.314 | OrdinaryDividend |
Dec 15, 2005 | $0.074 | CapitalGainShortTerm |
Dec 15, 2005 | $0.894 | CapitalGainLongTerm |
Dec 15, 2005 | $0.264 | OrdinaryDividend |
Dec 09, 2004 | $0.368 | CapitalGainLongTerm |
Dec 09, 2004 | $0.103 | OrdinaryDividend |
Nov 20, 2003 | $0.008 | ExtraDividend |
Nov 20, 2003 | $0.053 | CapitalGainLongTerm |
Nov 20, 2003 | $0.001 | OrdinaryDividend |
Nov 15, 2001 | $0.003 | OrdinaryDividend |
Nov 15, 2001 | $0.289 | CapitalGainLongTerm |
Nov 17, 2000 | $0.174 | OrdinaryDividend |
Nov 17, 2000 | $0.037 | CapitalGainShortTerm |
Nov 17, 2000 | $0.015 | CapitalGainLongTerm |
Start Date
Tenure
Tenure Rank
Oct 29, 2003
18.6
18.6%
Clyde S. McGregor, CFA, is a Vice President and portfolio manager of Harris Associates L.P.. He joined Harris Associates L.P. in 1981. In 2011, Mr. McGregor became the first recipient of the Lipper Award for Fund Excellence, presented to investment managers for achievements over their career. He holds an M.B.A. in Finance from the University of Wisconsin (1977) and a B.A. in Economics and Religion from Oberlin College (1974).
Start Date
Tenure
Tenure Rank
Jul 29, 2016
5.84
5.8%
David Herro is the Chief Investment Officer – International Equities at Harris Associates L.P. and serves as a Deputy Chairman and a Portfolio Manager of a number of Oakmark funds. Mr. Herro has been managing international portfolios since 1986, previously managing international portfolios for The State of Wisconsin Investment Board and The Principal Financial Group. Mr. Herro, who joined Harris Associates in 1992, holds a BS in business and economics from the University of Wisconsin – Platteville (1983) and an MA in economics from the University of Wisconsin – Milwaukee (1985).
Start Date
Tenure
Tenure Rank
Nov 30, 2016
5.5
5.5%
Mr.Long is a Vice President, portfolio manager and analyst of Harris Associates L.P., he joined Harris Associates L.P. in 2011.
Start Date
Tenure
Tenure Rank
Nov 30, 2016
5.5
5.5%
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).
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.01 | 35.82 | 6.24 | 1.25 |
Dividend Investing Ideas Center
Have you ever wished for the safety of bonds, but the return potential...
Dividend Investing Ideas Center
If you are reaching retirement age, there is a good chance that you...
Dividend Investing Ideas Center
If you are reaching retirement age, there is a good chance that you...