Oakmark is the mutual fund family launched in 1991 by Harris Associates, the Chicago deep-value firm founded in 1976 (about $105bn AUM). Bill Nygren runs the flagship Oakmark Fund and David Herro the Oakmark International Fund, buying businesses at large discounts to intrinsic value and holding them like owners — publishing quarterly fund commentaries, market commentaries and insight articles.
This report covers Oakmark Fund's performance for the third quarter of 2018. Since its start in 1991, it has averaged a 12.89% annual return, and its fees are low at 0.86%. For regular investors, this suggests steady long-term gains, but the report doesn't compare it to the overall stock market (like the S&P 500), so you need to decide if it's better than a simple index fund. It's worth a look because it highlights the benefits of patience and low costs.
Oakmark Fund (Investor Class) reported average annual total returns as of September 30, 2018: 12.89% since inception on August 5, 1991, 13.11% over 10 years, 12.57% over 5 years, 11.84% over 1 year, and 4.24% over 3 months. In terms of expenses, as of September 30, 2017, the gross expense ratio was
This section provides the performance and expense data of the Oakmark Fund (Investor Class) as of September 30, 2018, aiming to demonstrate the fund's long-term return capability and cost structure since its inception. The market environment is not specified, but the data covers multiple time dimensions, reflecting its performance across different cycles.
The author believes that the Oakmark Fund has achieved steady returns over the long term (since its inception in 1991), with an annualized total return of 12.89% and reasonable expense control, as the net expense ratio is only 0.86%. This judgment implies the fund's competitiveness in long-term investing, but it does not directly compare it with similar funds or market benchmarks.
| Time Period | Average Annualized Total Return |
|---|---|
| Since Inception (1991/08/05) | 12.89% |
| 10 Years | 13.11% |
| 5 Years | 12.57% |
| 1 Year | 11.84% |
| 3 Months | 4.24% |
| Expense Type | Ratio (As of 2017/09/30) |
|---|---|
| Gross Expense Ratio | 0.90% |
| Net Expense Ratio | 0.86% |
Investors should focus on the Oakmark Fund's long-term return stability (12.89% annualized return) and low expense advantage (net expense ratio of 0.86%), which may make it a viable option for long-term holding strategies. However, it should be noted that the data does not include comparisons with benchmark indices (such as the S&P 500), and investors should assess its relative performance on their own.