Harris | Oakmark Celebrates Five-Year Milestone of the Oakmark Bond Fund

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Harris | Oakmark celebrates the 5-year milestone of its Oakmark Bond Fund (OANCX), which launched in 2020 as the firm's first dedicated fixed income product. The Fund, managing $195 million in total net assets as of March 31, 2025, is co-managed by Adam Abbas and Colin Hudson. Following Oakmark's value-focused investment philosophy, the Fund employs a bottom-up approach to core plus fixed income allocation, analyzing companies' capital allocation and cash flow to identify value opportunities. The Fund has demonstrated strong performance, earning a prestigious 5-Star Overall Morningstar Rating among 540 funds in the Intermediate Core-Plus Bond category as of May 31, 2025.

CHICAGO, June 10, 2025 /PRNewswire/ -- Harris Associates L.P. (Harris | Oakmark), adviser to the Oakmark Funds, and an affiliate of Natixis Investment Managers, announced the 5-year anniversary of the Oakmark Bond Fund (OANCX), which reached this significant milestone on June 10, 2025.

The Fund, with $195 million in total net assets (as of March 31, 2025), is managed by Adam Abbas, Head of Fixed Income and Portfolio Manager, and Colin Hudson, CFA, Partner and Portfolio Manager.

"We launched the Oakmark Bond Fund in 2020 as our first solely dedicated fixed income product, with the goal of extending Oakmark's investment philosophy into the fixed income arena," said Mr. Abbas. "Five years later, the Fund's strong performance speaks volumes about the enduring strength of the Harris | Oakmark long-term, intrinsic value approach to investing across markets, which is what we do best." 

Using a bottom-up, value-focused approach, OANCX is designed to be a diversified and opportunistic approach to a core plus fixed income allocation. The investment strategy emphasizes in-depth analysis of companies' capital allocation and cash flow to identify the best value opportunities within credit, while calibrating valuation attractiveness across all fixed income sectors. This analysis includes looking for management teams, security types, and vehicle structures equipped to navigate a wide range of macroeconomic scenarios, with the ability to absorb volatility.

As of May 31, 2025, the Oakmark Bond Fund (Institutional Share Class) received a 5-Star Overall Morningstar Rating™ out of 540 funds in the Morningstar Intermediate Core-Plus Bond category.

To learn more about the Oakmark Bond Fund, click here.

Investing involves risk; principal loss is possible. There is no guarantee the Fund's investment objective will be achieved.

Morningstar star rating portrays the Overall Morningstar Rating for Oakmark Bond Fund (Institutional Share Class) in the Intermediate Core-Plus Bond fund category out of 540 funds as of 5/31/2025 based on risk-adjusted returns; other classes may have different performance characteristics and star ratings. The Fund's 3-year Morningstar Rating is also 5 Stars out of 540 funds.

About Harris | Oakmark
The Oakmark Funds are a mutual fund family that utilizes a long-term value investment approach. Oakmark's investment philosophy centers on the belief that superior long-term results can be achieved through investing in companies priced at a significant discount to what the investment teams believe is a company's intrinsic value, with strong growth prospects and owner-oriented management teams. The Oakmark Funds' assets under management totaled approximately $54 billion as of March 31, 2025. More information about the Oakmark Funds is available at oakmark.com.

Harris Associates L.P., a Chicago-based investment management firm founded in 1976, serves as the adviser to the Oakmark Funds. Harris Associates also manages U.S., international and global portfolios for institutional and high-net-worth investors worldwide. Including Oakmark, assets under management at Harris Associates totaled approximately $95 billion as of March 31, 2025. Total AUM includes assets in accounts for which Harris Associates L.P. provides investment models. More information about Harris Associates is available at harrisassoc.com. The Oakmark Funds are distributed by Harris Associates Securities L.P. Member FINRA.

About Natixis Investment Managers 
Natixis Investment Managers' multi-affiliate approach connects clients to the independent thinking and focused expertise of more than 15 active managers. Ranked among the world's largest asset managers¹ with more than $1.3 trillion assets under management² (€1.2 trillion), Natixis Investment Managers specializes in high-conviction active investment strategies, insurance and pension solutions, and private assets, and delivers a diverse offering across asset classes, styles, and vehicles. The firm partners with clients in order to understand their unique needs and provide insights and investment solutions tailored to their long-term goals. Headquartered in Paris and Boston, Natixis Investment Managers is part of Groupe BPCE, the second-largest banking group in France through the Banque Populaire and Caisse d'Epargne retail networks. For additional information, please visit Natixis Investment Managers' website at im.natixis.com | LinkedIn: linkedin.com/company/natixis-investment-managers.

Natixis Investment Managers' distribution and service groups include Natixis Distribution, LLC, a limited purpose broker-dealer and the distributor of various US registered investment companies for which advisory services are provided by affiliated firms of Natixis Investment Managers, Natixis Investment Managers International (France), and their affiliated distribution and service entities in Europe and Asia.

¹ Survey respondents ranked by Investment & Pensions Europe/Top 500 Asset Managers 2024 ranked Natixis Investment Managers as the 19th largest asset manager in the world based on assets under management as of December 31, 2023.
² Assets under management (AUM) of affiliated entities measured as of March 31, 2025, are $1,361.4 billion (€1,260.2 billion). AUM, as reported, may include notional assets, assets serviced, gross assets, assets of minority-owned affiliated entities and other types of nonregulatory AUM managed or serviced by firms affiliated with Natixis Investment Managers.

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. As of 5/31/25, Oakmark Bond Fund – Institutional Share Class OANCX was rated against 540, U.S. domiciled funds in the Intermediate Core-Plus Bond category and received 5 stars for the 3-year period. Past performance is no guarantee of future results. © 2025 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Before investing in any Oakmark Fund, carefully consider the Fund's investment objectives, risks, management fees and other expenses. This and other important information is contained in the Fund's prospectus and summary prospectus. Please read the prospectus and summary prospectus carefully before investing. For more information, please visit Oakmark.com or call 1-800-OAKMARK (1-800-625-6275).

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SOURCE Harris | Oakmark

FAQ

What is the 5-year performance rating of Oakmark Bond Fund (OANCX)?

As of May 31, 2025, OANCX received a 5-Star Overall Morningstar Rating out of 540 funds in the Morningstar Intermediate Core-Plus Bond category.

How much assets does the Oakmark Bond Fund (OANCX) manage?

The Oakmark Bond Fund manages $195 million in total net assets as of March 31, 2025.

Who manages the Oakmark Bond Fund (OANCX)?

The Fund is managed by Adam Abbas, Head of Fixed Income and Portfolio Manager, and Colin Hudson, CFA, Partner and Portfolio Manager.

What is the investment strategy of Oakmark Bond Fund (OANCX)?

OANCX uses a bottom-up, value-focused approach for core plus fixed income allocation, analyzing companies' capital allocation and cash flow to identify value opportunities across fixed income sectors.

When was the Oakmark Bond Fund (OANCX) launched?

The Oakmark Bond Fund was launched in 2020 as Harris | Oakmark's first solely dedicated fixed income product.