The securities listed above represent preliminary percentages of Oakmark Bond Fund’s total net assets as of December 31, 2024 as follows: Boeing CC 08/49 3.750% due 02-01-50 0.6% and GXO Logistics CC 02/34 6.500% due 34 years 0.9% on May 6. Portfolio holdings are subject to change without notice and do not constitute a recommendation of individual stocks.
For a complete list of the latest quarter-end holdings, please visit our website: The Oakmark Funds | Global Asset Management Company | Redefining Value Investing or call 1-800-OAKMARK (625-6275).
The information, data, analysis and opinions provided herein (including current investment themes, the Portfolio Manager’s research and investment process and portfolio characteristics) are provided for informational purposes only and represent the investments and opinions of the Portfolio Manager and Harris Associates LP as of the date written , are subject to change without prior notice based on market and other conditions. This content is not a recommendation or an offer to buy or sell securities, and its correctness, completeness or accuracy is not guaranteed.
Certain comments in this article are based on current expectations and are considered “forward-looking statements.” These forward-looking statements reflect assumptions and analyzes made by the portfolio managers and Harris Associates LP based on their experience and perceptions of historical trends, current conditions, expected future developments and other factors they believe are relevant. Actual future results are subject to a number of investment and other risks and may differ from expectations. Readers are cautioned not to place undue reliance on forward-looking statements.
Yield is the annual return on an investment, paid in the form of dividends or interest, expressed as a percentage. Yield is a snapshot of a fund’s interest and dividend income, expressed as a percentage of the fund’s net asset value, based on the income earned during a specific period and annualized or projected into the following year.
Duration is a measure of the sensitivity of a bond or other debt instrument’s price to changes in interest rates.
The Bloomberg U.S. Aggregate Bond Index is a broad-based benchmark for investment grade,
The market for fixed-rate taxable bonds denominated in U.S. dollars. The index includes Treasury securities, government-related and corporate securities, mortgage-backed securities (agency fixed-rate and hybrid ARM pass-throughs), asset-backed securities and commercial mortgage-backed securities (agency and non-agency). The index is unmanaged and investors cannot invest directly in the index.
Oakmark Bond Funds invest primarily in a diversified portfolio of bonds and other fixed-income securities. These include, but are not limited to, investment-grade corporate debt; U.S. or non-U.S. government and government-related obligations (such as U.S. Treasury securities); below-investment grade corporate debt; agency mortgage-backed securities; commercial mortgage-backed securities; senior loans ( such as leveraged loans, bank loans, covenants and/or floating rate loans); operations; restricted securities (e.g., Rule 144A securities); and other fixed and floating rate instruments. The Fund may invest up to 20% of its assets in equity securities, such as common and preferred stocks. The Fund may also, from time to time, hold cash or short-term debt securities for temporary defensive purposes.
Under normal market conditions, the Fund will invest at least 25% of its assets in investment grade fixed income securities and may invest up to 35% of its assets in below investment grade fixed income securities (commonly known as “high yield securities”). “junk bonds”).
Fixed income risk includes interest rate risk and credit risk. Typically, when interest rates rise, bond values decrease accordingly. Credit risk refers to the possibility that a bond issuer will be unable to repay principal and interest.
Bond values fluctuate with price, so the value of your investment may decline based on market conditions.
All information provided is as of December 31, 2024, unless otherwise stated.
Before investing in any Oakmark Fund, you should carefully consider the fund’s investment objectives, risks, management fees and other charges. This and other important information is included in the Fund’s prospectus and summary prospectus. Please read the prospectus and summary prospectus carefully before investing. For more information, visit Oakmark.com or call 1-800-OAKMARK (1-800-625-6275).
Natixis Distribution, LLC (Member FINRA | SIPC) is a limited purpose broker-dealer and distributor of registered investment companies, advised by affiliates of Natixis Investment Managers and the marketing agent for Oakmark Funds.
Harris Associates Securities LP, Dealer, Member FINRA.
