Oakmark Funds Announce New Co-Portfolio Managers

CHICAGO, Nov. 30, 2016 /PRNewswire/ -- The Oakmark Funds are pleased to announce the addition of new co-portfolio managers to four of the Funds—the Oakmark Global Fund (OAKGX), the Oakmark Global Select Fund (OAKWX), the Oakmark International Fund (OAKIX) and the Oakmark International Small Cap Fund (OAKEX). These management changes are effective as of today.

Oakmark Global Fund
Tony Coniaris, CFA, and Jason Long, CFA, have been named co-portfolio managers of the Global Fund. Tony is currently a portfolio manager for the Oakmark Select Fund, and serves as the co-Chairman for Harris Associates, the adviser to the Funds. Jason is a senior international equity analyst for the firm; this will be his first Oakmark portfolio management position.  Tony and Jason join the Global management team of David Herro, CFA, and Clyde McGregor, CFA, who have managed the Fund since 2016 and 2003, respectively.

Oakmark Global Select Fund
Tony Coniaris and Eric Liu, CFA, have been named co-portfolio managers of the Global Select Fund.  Eric currently serves as a portfolio manager and senior international investment analyst for Harris Associates; this will be his first portfolio management position with the Oakmark Funds. Tony and Eric will work alongside current co-managers Bill Nygren, CFA, and David Herro, who have been running the Fund since its inception in 2006.

Oakmark International Fund
Mike Manelli, CFA, is joining David Herro in managing the Oakmark International Fund. For the past five years, Mike has been a portfolio manager for the Oakmark International Small Cap Fund along with David, and will retain that responsibility in addition to his new role.

Oakmark International Small Cap Fund
Justin Hance, CFA, Harris' director of international research, has been added to the International Small Cap Fund team as a co-portfolio manager. Justin, who is new to managing the Oakmark Funds, has been with Harris since 2010. Justin will join current portfolio managers David Herro and Mike Manelli in managing the Fund.

"We are excited to introduce additional portfolio managers to our shareholders," said Kristi Rowsell, president of the Oakmark Funds. "We have a deep and talented bench at Harris Associates, and are happy to elevate these individuals to more prominent roles with the Oakmark Funds."

ABOUT OAKMARK AND HARRIS ASSOCIATES

The Oakmark Funds are a $66 billion mutual fund family (as of September 30, 2016) that utilizes a long-term value investment approach. Oakmark's investment philosophy centers on the belief that superior long-term results are achieved through investing in companies priced at a significant discount to their true economic value, with strong growth prospects and owner-oriented management teams. More information about the Oakmark Global Fund, the Oakmark International Fund, and the Oakmark International Small Cap Fund, as well as other funds in the Oakmark family, is available at www.Oakmark.com.

Harris Associates L.P., a Chicago-based investment management firm founded in 1976, serves as the Adviser to the Oakmark Funds. Harris Associates also manages domestic, international and global portfolios for institutional and high-net-worth investors worldwide. Including Oakmark, assets under management at Harris Associates totaled $105 billion as of September 30, 2016. More information about Harris Associates is available at www.HarrisAssoc.com.

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SOURCE The Oakmark Funds; Harris Associates