| Harris Associates Large Cap Value Fund
Fund focus
Harris Associates Large Cap Value Fund invests in large-cap companies that
the managers believe are undervalued.
What you should know
While it provides the potential for long-term capital growth, the fund invests
in companies the managers believe are undervalued. Value stocks can fall out
of favor with investors and underperform growth stocks during certain market
conditions.
Investment strategy
Harris Associates focuses on companies whose stocks they believe are trading at a significant discount to intrinsic business value, and that are expected to grow in shareholder value over time, and that feature owner-oriented management. For Harris Associates Large Cap Value Fund, the managers choose approximately 50 stocks they believe offer the greatest potential for price appreciation.
Top Five Holdings
| Information is as of 7/31/2008* |
| Intel Corp. |
6.62% |
| Dell, Inc. |
6.00% |
| Carnival Corp. |
5.11% |
| Hewlett-Packard Co. |
5.03% |
| Schering-Plough Corp. |
4.44% |
View a complete list of holdings
for this fund.
Portfolio Managers
Managed by Harris Associates (The Oakmark Funds)
 |
 |
 |
| Edward Loeb |
Michael Mangan |
Diane Mustain |
The following information regarding this Fund is also available:
Value stocks can fall out of favor with investors and may underperform growth stocks during certain market conditions. The fund may invest in foreign securities, which entail additional risks not associated with domestic securities.
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