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AXS Market Neutral Fund (COGIX) Celebrates 10th Anniversary With #1 Ranking, 5-Star Rating in Proven Power of Liquid Alternative Investments

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Digging into Oakmark Fund s Portfolio

Oakmark (OAKMX) has long exemplified a patient, bottom-up approach to value investing. Manager Bill Nygren has been at the helm since March 2000 and now comanages the fund with Kevin Grant, who joined parent company Harris Associates in 1988, and Michael Nicolas, who was an analyst at the firm before becoming a comanager in January 2020. The team works closely with a 14-person research team that creates an approved list of ideas for managers to draw from. Nygren and his colleagues look for stocks that are trading at discounts to their estimated private-market values, which they calculate using a variety of metrics, including discounted cash flow analysis and many other factors. They also look for companies with substantial free cash flows, predictable earnings, and management that demonstrates an ownership mindset. To get these attributes at a discount to intrinsic value, the team often looks for companies they believe are misunderstood because of short-term problems or other invest

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