Fund Spy

Why This Oakmark Fund Is No Longer Golden

Katie Rushkewicz Reichart, CFA
The following is our latest Fund Analyst Report for Oakmark Select Fund (OAKLX). Morningstar Premium Members have access to full analyst reports such as this for more than 1,000 of the largest and best mutual funds. Not a Premium Member? Gain full access to our analyst reports and advanced tools immediately when you try Morningstar Premium free for 14 days. 

Oakmark Select can rebound from its slump, but stumbles with energy stocks and other errors of omission drop its Morningstar Analyst Rating to Silver from Gold.

The strategy can work for patient investors. Longtime manager Bill Nygren, joined by comanagers Tony Coniaris and Win Murray in 2013, relies on deep due diligence to find undervalued firms with shareholder-oriented management teams, an approach that's worked long term here and at the more diversified  Oakmark (OAKMX).

Katie Rushkewicz Reichart, CFA has a position in the following securities mentioned above: OAKLX. Find out about Morningstar's editorial policies.