About OAYCX
The Oakmark Bond Fund Advisor Class is a mutual fund that focuses on providing investors with diversified exposure to the fixed-income market. Its primary function is to invest mainly in a broad mix of bonds and other fixed-income securities, including U.S. government and agency bonds, investment-grade and below-investment-grade corporate bonds (also known as high-yield or junk bonds), mortgage-backed and asset-backed securities, and, on occasion, select equity instruments such as common and preferred stocks, which may comprise up to 20% of the fund's assets. The fund is managed with an emphasis on value, seeking opportunities where bonds trade at prices significantly below their assessed intrinsic value, and waiting patiently for the value gap to close.
At the portfolio level, the Oakmark Bond Fund typically maintains a maturity profile that blends medium- to long-term bonds, with recent figures showing an effective duration of about 5.8 years and a significant number of holdings to ensure diversification. A minimum of 25% of assets are held in investment-grade bonds, while up to 35% may be allocated to high-yield securities, providing a balance between relative safety and higher return potential. The fund plays an important role in the market by offering institutional and sophisticated investors a way to manage interest rate and credit risk while seeking steady income and potential capital appreciation from a dynamic and broadly diversified fixed-income portfolio.
Fund Family Oakmark
Category Intermediate Core-Plus Bond
Performance Rating High
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol OAYCX
Share Class Advisor Class
Index Bloomberg U.S. Aggregate Bond TR
OAYCX had a total return of -1.11% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.20%.
