Oakmark Equity and Income Fund’s Q2 2026 Investor Letter

Harris Oakmark recently released its second-quarter 2026 investor letter for the “Oakmark Equity and Income Fund”. Oakmark Equity and Income Fund aims to maximize returns while preserving and enhancing capital. The portfolio consists of US equities and fixed-income securities.  The allocation was 60.1% in equities, 38.9% in fixed income, and 1.0% cash. The Fund (Investor Class) underperformed the 60% S&P 500 / 40% Bloomberg U.S. Aggregate Bond Index in the quarter and has outperformed since its inception. The equity portion of the portfolio generated 6.84% compared to 15.20% for the S&P 500 Index. The fixed income portfolio returned 1.13% compared to the Bloomberg U.S. Aggregate Bond Index’s 0.67% return. Investors continued to favor companies perceived to be direct beneficiaries of AI spending in a narrow leadership environment. In this landscape, the firm remains focused on owning undervalued companies rather than chasing the market’s most popular themes. In addition, you can check the Fund’s top five holdings to determine its best picks for 2026.

A copy of Oakmark Equity and Income Fund’s Q2 2026 investor letter can be downloaded here.

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