Oakmark Equity And Income Fund Investor Class
OAKBX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- Harris Associates LP Chicago IL United States of America 60606
- IPO Date
- Oct 31, 1995
- CIK
- 0000872323
- Website
- oakmark.com
- Similar Companies
- Business
- Oakmark Equity and Income Fund Investor Class (OAKBX) is an open-end mutual fund that seeks current income, preservation, and growth of capital through a balanced portfolio primarily invested in U.S. equity securities and fixed-income securities. The fund allocates approximately 60% to equities focused on undervalued stocks with mid- to large-market capitalization, including holdings such as Alphabet Inc. Class A, Phillips 66, TE Connectivity, Amazon.com, and Reinsurance Group of America; and 40% to fixed-income instruments encompassing corporate debt, government-guaranteed securities, securitized credit, syndicated loans, and U.S. Treasury notes, with top issuers including U.S. Treasury N/B, Freddie Mac, and Fannie Mae. It employs a value-oriented investment strategy managed by Harris Associates L.P., emphasizing businesses trading at discounts to intrinsic value, with sector exposures in equities led by financials (17.8%), consumer discretionary (9.8%), and health care (7.2%), and fixed-income sectors dominated by corporate debt (18.2%) and government-guaranteed (14.0%). Launched on November 1, 1995, and domiciled in the United States, the fund is headquartered in Chicago, Illinois, through its investment adviser Harris Associates L.P., an affiliate of Natixis Investment Managers. As of September 30, 2025, it manages total net assets of $6.2 billion, with the Investor Class (OAKBX) comprising a significant portion, and offers multiple share classes including Advisor (OAYBX), Institutional (OANBX), and R6 (OAZBX). Portfolio managers include Colin Hudson (since 2013), Adam Abbas (since 2020), Alex Fitch (since 2022), and Michael Nicolas (since 2022), supported by Harris Associates' research-driven process. Recent developments include a shift to quarterly income distributions, with updated schedules published on the fund's website; a Morningstar category adjustment to Moderate Allocation; and portfolio turnover of 38% as of September 30, 2024, reflecting active management amid market conditions. In third-quarter 2025 commentary, the fund highlighted opportunities in holdings like Genuine Parts Company (GPC), noting its leadership in industrial distribution via Motion Industries, efficient store operations from recent investments, and a discounted P/E relative to peers. No major acquisitions, funding rounds, or structural reorganizations have been announced in the past 1-2 years, maintaining focus on its core balanced value strategy targeting long-term investors seeking income and capital appreciation.