This Allocation Fund Is Contrarian but Straightforward
Silver-rated Oakmark Equity & Income has veteran management, a strong long-term record, and a below average risk rating.
Greg Carlson: The Morningstar Medalist this week is Oakmark Equity & Income. This fund resides at Morningstar's allocation--50% to 70% equity category.
The lead manager here is Clyde McGregor. He served at that role since the fund's 1995 inception, and he's amassed an excellent long-term record. Three comanagers were appointed in 2013. One, Matt Logan, recently left the firm, however it remains in veteran hands.
Greg Carlson does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.