HOG - Bill Nygren Market Commentary Q3 2018
At Oakmark, we are long-term investors. We attempt to identify growing businesses that are managed to benefit their shareholders. We will purchase stock in those businesses only when priced substantially below our estimate of intrinsic value. After purchase, we patiently wait for the gap between stock price and intrinsic value to close.
Oakmark Fund - Investor Class
Average Annual Total Returns (09/30/18)
Since Inception (08/05/91) 12.89%
10—year 13.11%
5—year 12.57%
1—year 11.84%
3—month 4.24%
Gross Expense Ratio as of 09/30/17 was 0.90%
Net Expense Ratio as of 09/30/17 was 0.86%
Oakmark Select Fund — Investor