CHICAGO, Dec. 3, 2024
/PRNewswire/ -- Harris Associates L.P. (Harris|Oakmark), adviser to
the Oakmark U.S. Large Cap ETF (NYSE: OAKM), and an affiliate of
Natixis Investment Managers, announced the launch of OAKM. OAKM is
an active, fully transparent ETF that seeks long-term capital
appreciation by investing in a diversified portfolio of common
stocks of larger U.S. companies and is the first ETF offered by
Harris|Oakmark.
The Oakmark U.S. Large Cap ETF is managed by Bill Nygren, Robert
Bierig and Michael Nicolas,
all of whom also manage the Oakmark Fund. The ETF employs the
firm's consistent value investment philosophy to identify quality
companies priced at a discount to the management team's estimate of
intrinsic value. OAKM, unconstrained by sector and holding
typically 30 to 40 U.S. large-cap companies, seeks competitive
long-term performance by investing in a focused portfolio grounded
in disciplined, bottom-up research.
"We are excited to offer our value-based approach to long-term
investing for clients who prefer the convenience of ETFs," said
Bill Nygren.
Mr. Nygren joined Harris|Oakmark in 1983 and is also a
co-portfolio manager of the Oakmark Select Fund. He has received
many accolades during his investment career, including being named
Morningstar's Domestic Stock Manager of the Year in 2001.* Mr.
Bierig joined Harris|Oakmark in 2012 and is also the co-portfolio
manager of the Oakmark Select Fund. Mr. Nicolas joined
Harris|Oakmark in 2013 and is also a co-portfolio manager of the
Oakmark Equity and Income Fund.
"OAKM combines our value investing experience with the benefits
of an active ETF, such as transparency, intra-day liquidity and the
potential for tax-efficient investing," said Robert Bierig and Michael Nicolas.
Learn more about OAKM at www.oakmark.com/OAKM.
*According to Morningstar, the Morningstar Manager of the Year
award is presented to portfolio managers based on the managers' (i)
"ability to generate exceptional returns;" (ii) "willingness to
align their interests with shareholders;" and (iii) "courage to
stay with their strategies in order to produce superior
risk-adjusted returns in the end."
About Harris Associates L.P.
Harris Associates L.P., a
Chicago-based investment
management firm founded in 1976, serves as the adviser to the
Funds. Harris Associates also manages U.S., international and
global portfolios for institutional and high-net-worth investors
worldwide. Assets under management and advisement at Harris
Associates totaled approximately $104
billion as of September 30,
2024. More information about Harris Associates is available
at harrisassoc.com.
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 $1.4
trillion assets under management2 (€1.2
trillion), Natixis Investment Managers delivers a diverse range of
solutions across asset classes, styles, and vehicles, including
innovative environmental, social, and governance (ESG) strategies
and products dedicated to advancing sustainable finance. 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
the Global Financial Services division of Groupe BPCE, the
second-largest banking group in France through the Banque Populaire and Caisse
d'Epargne retail networks. Additionally, investment solutions are
offered through Natixis Investment Managers Solutions and Natixis
Advisors, LLC. For additional information, please visit Natixis
Investment Managers' website at im.natixis.com | LinkedIn:
linkedin.com/company/natixis-investment-managers.
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 current
affiliated entities measured as of September
30, 2024, are $1,427.2 billion
(€1,279.0 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.
Understanding the Risks
Oakmark U.S. Large Cap ETF (OAKM) / Investing involves
risk; principal loss is possible. There is no guarantee the Fund's
investment objective will be achieved. The Fund is actively managed
and does not seek to replicate a specific index. Exchange-Traded
Fund (ETFs) are subject to additional risks that do not apply
to conventional mutual funds, including the risks that the market
price of ETF's shares may trade at a premium or discount to its net
asset value (NAV), an active secondary trading market may not
develop or be maintained, or trading may be halted by the exchange
in which they trade, which may impact an ETF's ability to sell its
shares. Unlike mutual funds, ETF shares are bought and sold at
market price, which may be higher or lower than their NAV, and are
not individually redeemed from the fund. Brokerage commissions will
reduce returns. The Fund invests primarily in large
capitalization securities, which may be unable to respond
quickly to new competitive challenges or opportunities, attain the
high growth rate of successful smaller companies, or be out of
favor under certain market conditions. The Fund tends to be
invested in a relatively focused portfolio of securities,
thus the appreciation or depreciation of any one security held will
have a greater impact on the Fund's net asset value versus
investing in a larger number of securities. Common stocks
are subject to special risks. As the Fund is new, there is a
limited operating history and there can be no assurance it will
grow to an economically viable size, in which case it may cease
operations and require investors to liquidate or transfer their
investments. These and other risk considerations, such as market,
sector or industry, large shareholder, and value style, are
described in detail in the Fund's prospectus.
Oakmark Fund / Tends to be invested in a relatively small
number of securities. As a result, the appreciation or depreciation
of any one security held will have a greater impact on the net
asset value than it would invested in a larger number of
securities. Although that strategy has the potential to generate
attractive returns over time, it also increases the volatility.
Oakmark Select Fund / Because the Oakmark Select Fund is
non-diversified, the performance of each holding will have a
greater impact on total return and may make returns more volatile
than a more diversified 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.
Oakmark Equity and Income Fund / Invests in medium- and
lower quality debt securities that have higher yield potential but
present greater investment and credit risk than higher quality
securities, which may result in greater share price volatility. An
economic downturn could severely disrupt the market in medium or
lower grade debt securities and adversely affect the value of
outstanding bonds and the ability of the issuers to repay principal
and interest. 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.
Before investing, carefully consider fund investment
objectives, risks, charges and other expenses. For this and other
information that should be read carefully, please request a
prospectus and summary prospectus by calling 1-800-OAKMARK
(625-6275) (mutual funds) or 1-800-458-7452 (ETF) or visiting
oakmark.com.
Harris Associates L.P. is the Fund's investment adviser. The
Oakmark ETFs are distributed by Foreside Fund Services, LLC. Harris
Associates L.P. and Harris Associates Securities L.P. are not
affiliated with Foreside Fund Services, LLC.
Natixis Distribution, LLC (Member FINRA | SIPC), is a marketing
agent for the Oakmark Funds and Oakmark ETF.
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SOURCE Harris Associates L.P.