Win Murray on CNBC’s “Squawk on the Street” (12.24.19)

December 24, 2019 - CNBC

Portfolio Manager Win Murray appeared on CNBC’s “Squawk on the Street” to talk about where he’s finding value in the energy sector.  

 

 

The holdings mentioned above comprise the following percentages of the funds' total net assets as of 09/30/2019:

SECURITY Oakmark Fund Oakmark Select Fund
Apache 1.7% 3.0%
Chesapeake Energy 0.5% 0%
Concho Resources 1.0% 2.6%
Diamondback Energy 1.0% 0%
EOG Resources 0.9% 0%
Halliburton 0.7% 0%
Merck 0% 0%
Microsoft 0% 0%

Portfolio holdings are subject to change without notice and are not intended as recommendations of individual stocks.

Click here to access the full list of holdings for the Oakmark Fund as of the most recent quarter-end.
Click here to access the full list of holdings for the Oakmark Select Fund as of the most recent quarter-end.

The Oakmark Fund's portfolio tends to be invested in a relatively small number of stocks. As a result, the appreciation or depreciation of any one security held by the Fund will have a greater impact on the Fund's net asset value than it would if the Fund invested in a larger number of securities. Although that strategy has the potential to generate attractive returns over time, it also increases the Fund's volatility.

Because the Oakmark Select Fund is non-diversified, the performance of each holding will have a greater impact on the Fund’s total return, and may make the Fund’s returns more volatile than a more diversified fund. 

Oakmark Select Fund: The stocks of medium-sized companies tend to be more volatile than those of large companies and have underperformed the stocks of small and large companies during some periods.

The discussion of the Funds’ investments and investment strategy (including current investment themes, the portfolio managers' research and investment process, and portfolio characteristics) represents the Funds’ investments and the views of the portfolio managers and Harris Associates L.P., the Funds' investment adviser, as of the date written and are subject to change without notice.

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Past performance is no guarantee of future results.

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