Harris | Oakmark Launches Concentrated U.S. Value ETF With 15–25 Holdings

Harris | Oakmark has launched the Oakmark U.S. Concentrated ETF (OAKL), an actively managed fund advised by Harris Associates that typically holds 15–25 issuers. The strategy invests primarily in larger U.S. companies trading below the adviser’s estimate of intrinsic value, seeking businesses with attractive cash flows, reasonably predictable earnings growth and management teams whose interests align with shareholders. Stock selection relies on bottom-up, in-house research, with holdings generally sold as prices approach estimated intrinsic value. Under normal circumstances, at least 80% of net assets, plus investment borrowings, will be invested in U.S. company securities. The non-diversified structure allows individual positions to have a greater impact on returns and may result in significant sector exposure, although the fund does not concentrate in any particular industry.