Oakmark IOAKMX

Morningstar Rating

Fund Research and Analysis

by Lawrence Jones

The classic value style used at Oakmark Fund redounded to its success this year.

The approach used by seasoned manager Bill Nygren and comanager Kevin Grant at this Analyst Pick has seen redemption so far this year. The fund's year-to-date total return Read more

Kudos

Manager has terrific record elsewhere.

Disciplined but flexible value approach.

Fund is tax-efficient. Read more

Risks

Significant sector bets can make for near-term returns that are very different from those of the average large-blend fund.

Avoidance of energy can hurt when commodity prices are surging. Read more

Strategy

This traditionally was one of the purest value funds around, but manager Bill Nygren has found more fallen growth stocks that meet his valuation criteria. He buys stocks that are trading at discounts Read more

Management

Bill Nygren has worked for Harris Associates, advisor to the Oakmark funds, for two decades. He makes the final decisions about the portfolio, and he has also run Oakmark Select with aplomb. Comanager Kevin Grant, a former analyst at the firm, has run Read more

Inside Scoop

This fund favors stocks that trade at discounts to management's estimates of their intrinsic values. Unlike many value funds, it's wide-ranging in its search for ideas. Read more

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