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Address And Details

P.O. Box 219579 , Kansas City, MO 64121
Fund Manager Team Managed
Manager Tenure

Strategy And Objective

The Fund seeks long-term capital appreciation.Under normal market conditions, the Fund primarily invests in common stocks of U.S. companies. The Fund generally invests insecurities of larger capitalization companies in any industry. Harris Associates L.P. (Harris Associates) uses a value investment philosophy in selecting equity securities, including common stocks. This value investment philosophy is based upon the belief that,over time, a companys stock price converges with the companys intrinsic value. By intrinsic value, Harris Associates means its estimate of the price a knowledgeable buyer would pay to acquire the entire business. Harris Associates believes that investing in securities priced significantly below what Harris Associates believes is a companys intrinsic value presents the best opportunity to achieve the Funds investment objectives.Harris Associates uses this value investment philosophy to identify companies that it believes have discounted stock prices compared to what Harris Associates believes are the companies intrinsic values. In assessing such companies, Harris Associates looks for the following characteristics, although not all of the companies selected will have these attributes: (1) free cash flows and intelligent investment of excess cash; (2) earnings that are growing and are reasonably predictable; and (3) high level of company management ownership.Once Harris Associates identifies a stock that it believes is selling at a significant discount to Harris Associates estimate of intrinsic value and that the issuer has one or more of the additional qualities mentioned above, Harris Associates generally will consider buying that security for the Fund. Harris Associates usually sells a security when the price approaches its estimated value or the issuers fundamentals change. Harris Associates monitors each holding and adjusts its price targets as warranted to reflect changes in the issuers fundamentals. The Funds portfolio typically holds 30 to 60 stocks.

Net Asset Value

as of 4:22 PM ET 12/08/2021

Performance

  • 1 Week
  • +5.24%
  • 1 Month
  • -3.27%
  • 3 Months
  • +2.88%
  • 1 Yr Return
  • +23.31%
  • 5 Yr Return
  • +39.98%

Equity Sector Breakdown

Finance 37.49%
Technology 13.14%
NonDurables 12.95%
Services 7.85%
Energy 6.20%
IndustrialCyclical 4.40%
Health 3.38%
RetailTrade 3.14%
ConsumerDurables 1.11%
Utilities 1.00%

Asset Allocation

Asset Type % Of Allocation
Stocks 95.96%
Cash 0.00%
Bonds 0.00%
Preferred 0.00%
Convertible 0.00%
Other 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 226.23 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -4.61 -5.05 -3.83
Beta 1.28 1.27 1.23
R Squared 0.88 0.88 0.89
Std Deviation 25.22 20.77 17.02
Sharpe Ratio 0.93 0.89 n/a

Purchase Information

as of 5:42 PM ET 12/07/2021
Minimum Initial $2500
Minimum Additional $50
Minimum Initial IRA $1000

Performance

Timeframe Average Annual Current Performance Monthly As Of 11/30/2021 Average Annual Current Performance Quarterly As Of 09/30/2021 Avg Annual Current Performance Monthly As Of 11/30/2021 Avg Annual Current Performance Quarterly As Of 09/30/2021
1 Year
  • +35.05%
  • +58.35%
+35.05% +58.35%
3 Year
  • +18.05%
  • +14.97%
+18.05% +14.97%
10 Year
  • +14.49%
  • +15.83%
+14.49% +15.83%
Life Of Fund
  • +8.75%
  • +8.77%
+8.75% +8.77%

Top 10 Holdings

Symbol Company Name % Of Assets
GOOGL ALPHABET INC CLASS A 3.85%
COF CAPITAL ONE FINANCIAL CORP 3.78%
ALLY ALLY FINANCIAL INC 3.73%
FB META PLATFORMS INC 3.28%
BAC BANK OF AMERICA CORPORATION 2.98%
EOG EOG RESOURCES INC 2.98%
C CITIGROUP INC 2.86%
SCHW CHARLES SCHWAB CORP 2.82%
CMCSA COMCAST CORP 2.58%
GS GOLDMAN SACHS GROUP INC 2.46%

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