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 shows a table of Oakmark Fund's performance from 1991 to March 2021. It averaged about 12.93% annual return over the long term, and a huge 87.43% in the last year. For regular investors, this means long-term holding of such active funds can beat passive indexes, but big short-term gains often lead to a pullback. The fund also keeps costs low via a fee waiver (net expense 0.91% vs. gross 0.93%), helping you keep more profits. Worth a look because the numbers are concrete and help you decide if the fund fits your portfolio.
The Oakmark Fund (Investor Class) report as of March 31, 2021 shows an average annual total return of 12.93% since its inception on August 5, 1991, with returns of 13.57%, 15.83%, 87.43%, and 15.52% over the past 10 years, 5 years, 1 year, and 3 months, respectively. The fund's gross expense ratio i
This section presents key performance and fee data for the Oakmark Fund (Investor Class) as of March 31, 2021, in a table format. The report aims to provide investors with quantitative references for investment decisions, showcasing the fund's long-term return performance since its inception in 1991, recent gains, and fee structure.
The report's implicit core investment argument is that the Oakmark Fund demonstrates robust long-term compounding growth (12.93% average annual return since inception) and strong recent performance (87.43% one-year return), while its fee structure is optimized through a contractual waiver agreement (net expense ratio lower than gross expense ratio). The counterintuitive aspect is that despite exceptionally strong short-term performance (87.43% over one year), the fund has not significantly raised fees; instead, it maintains relatively low costs through the waiver agreement.
The report supports its long-term and short-term performance claims with multi-timeframe return data. Specific data are as follows:
| Timeframe | Average Annual Total Return |
|---|---|
| Since Inception (August 5, 1991) | 12.93% |
| Last 10 Years | 13.57% |
| Last 5 Years | 15.83% |
| Last 1 Year | 87.43% |
| Last 3 Months | 15.52% |
In terms of fees, the gross expense ratio is 0.93%, and the net expense ratio is 0.91%, the latter based on a contractual advisory fee waiver agreement effective as of January 27, 2022. This indicates that the fund retains more returns for investors by actively controlling costs.
This section does not mention specific companies or assets, focusing solely on the performance and fee metrics of the Oakmark Fund (Investor Class) itself.
For investors, the data suggests: