FCNCO - Oakmark U.S. Equity Market Fund: Q2 2024 Commentary
2024-07-09 06:40:00 ET
Summary
- We are value investors. In constructing portfolios for our clients, we seek out companies that we believe are trading in the market at significant discounts to their underlying value. These businesses must offer significant profit potential and be run by managers who think and act as owners.
- We believe in the importance of intensive, fundamental research. Our research process is based on a disciplined quantitative and qualitative screening process.
- The Oakmark Fund was up 6% for the first half of 2024, while during the same period, the S&P 500 Index increased 15%, 9 percentage points more than Oakmark.
- Although Oakmark is alarge cap fund, it rarely has much invested in giant caps because our analysisshows that they are often priced more efficiently.
- We’re excited by therelative cheapness of the Oakmark Fund and see similarities with previousperiods when our poor relative performance was followed by substantialoutperformance of index funds.
| Oakmark Fund - Investor Class Average Annual Total Returns (06/30/2024) Since Inception (08/05/1991) 12.72% 10-year 11.17% 5-year 14.68% 1-year 18.01% 3-month -3.98% Expense Ratio: 0.91% Expense ratios are from the Fund's most recent prospectus dated January 28, 2024; actual expenses may vary. Past performance is no guarantee of future results. The performance data quoted represents past performance. Current performance may be lower or higher than the performance data quoted. The investment return and principal value vary so that an investor's shares when redeemed may be worth more or less than the original cost. To obtain the most recent month-end performance data, visit Oakmark.com . |