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Harris Associates Focused Value Fund
Fund focus
Harris Associates Focused Value Fund invests in a concentrated portfolio of mid- to large-sized companies that the managers believe are undervalued.
What you should know
The fund is designed for those investors looking for a potential boost to returns who can withstand the ups and downs of a concentrated portfolio. While it provides the potential for capital appreciation, the fund invests in companies the managers believe are undervalued, which can fall out of favor with investors and underperform growth stocks during certain market conditions.
Investment strategy
Harris Associates focuses on stocks they believe are trading at a significant discount to intrinsic business value, that are expected to grow in shareholder value over time, and that feature owner-oriented management. For Harris Associates Focused Value Fund, the managers choose approximately 25 to 30 stocks they believe offer the greatest potential for price appreciation.
Top Five Holdings
| Information is as of 6/30/2008* |
| Intel Corp. |
7.72% |
| PerkinElmer, Inc. |
5.99% |
| National Semiconductor Corp. |
5.97% |
| Robert Half International, Inc. |
5.96% |
| Dell, Inc. |
5.85% |
View a complete list of holdings
for this fund.
Portfolio Managers
Managed by Harris Associates (The Oakmark Funds)
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| Robert Levy |
Michael Mangan |
The following information regarding this Fund is also available:
Harris Associates Focused Value Fund is a concentrated fund. A concentrated fund holds fewer securities than a non-concentrated fund, entails additional risks, and is subject to greater volatility. Value investing can fall out of favor with investors and may underperform growth stocks during certain market conditions.
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