Harris Associates has been focused on value investing since its founding in 1976. Its investment process has been tested through multiple market cycles.
Fund risks
• The Fund invests primarily in large equity securities of U.S. companies and may be more volatile due to concentration risks.
• The Fund is subject to equities and foreign exchange risks.
• The Fund may hold equities having a value bias which may continue to be underpriced by the market for sustained periods of time.
• The Fund may use financial derivative instruments ("FDI") for hedging, efficient portfolio management and investment purposes which may involve counterparty/credit, liquidity, valuation, volatility and over-the-counter transaction risks. In adverse circumstances, the Fund may suffer significant losses in relation to use of FDI.
• This investment involves risks and investors may suffer substantial or total loss of their investment fund.
• Investor should not invest in the Fund solely based on the information provided in this webpage and should read the prospectus for details, including the risk factors.
Where skill meets precision
Harris Associates has been investing in US value since 1976. Its long-term, patient approach allows the team to look beyond the short-term noise and wait for price and value to converge. Their investment philosophy focuses on the three tenets: (1) Buy businesses at a significant discount to their estimate of intrinsic value; (2) Invest in companies expected to grow per share value over time; (3) Invest with management teams that think and act as owners. They conduct rigorous fundamental research on companies across industries in search of undervalued, growing businesses with aligned management teams.
Long track record
Inception 2001
Value lens
Invests in businesses trading at a significant discount to their estimated intrinsic value
Long-term growth
Invest in companies expected to grow per share value over time
Bottom-up
Concentrated portfolio of 40 – 60 stocks
Award winning
Recognition from the industry*
Reasons to invest
The Price/Earnings ratio of the Fund, and the other valuation metrics in the table, are lower than the Russell 1000 Value Index and the S&P 500 Total Return Index.
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Source: Morningstar, Harris Associates. Past performance is not a guarantee of its future results.
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Source: Morningstar, Harris Associates. Past performance is not a guarantee of its future results.
*
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The portfolio management team
William C. Nygren, CFA
Partner, Portfolio Manager and Chief Investment Officer – U.S.
Harris | Oakmark
Michael A. Nicolas, CFA
Partner, Portfolio Manager, Investment Analyst
Harris | Oakmark
Robert F. Bierig
Partner, Portfolio Manager and U.S. Investment Analyst
Harris | Oakmark
The firm
Harris Associates, an affiliate of Natixis Investment Managers
Found in 1976, with assets under management of US$93.6 billion, Harris Associates manages US, global, and international strategies. The firm employs an intensive, fundamental in-house research process to identify companies trading at a significant discount to managers' estimates of intrinsic business value. Harris Associates uses its experienced team, consistent and pervasive philosophy, repeatable and fundamental process, and long-term investment horizons as the foundation of steadfast conviction.
Source: Harris Associates, as of 31/12/2024.
Natixis Investment Managers
Ranked the top 20 global asset managers and 2nd European manager. With asset under management US$1.4 trillion, Natixis Investment Managers’ multi-affiliate approach connects clients to the independent thinking and focused expertise of more than 15 active managers. Natixis Investment Managers delivers a diverse range of solutions across asset classes, styles, and vehicles, including innovative environmental, social, and governance (ESG) strategies and products dedicated to advancing sustainable finance.
Source: Cerulli and Natixis Investment Managers, as of 31/12/2024.
Fund details
Learn more about the Harris Associates U.S. Value Equity Fund and its investment approach
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* 2024 Asian Private Banker Asset Management Awards for Excellence were issued by Asian Private Banker, reflecting product performance, asset gathering, service quality and fund selector feedback as at 31 August 2023. For award’s details and methodology, please refer to https://asianprivatebanker.com/awards/asset-management-awards-for-excellence-2024/. The designation “Best Fund Provider” and "Best Commended" are the award name only given by Asian Private Banker and is not indicative of the performance or returns of any funds. Past performance of the manager is not necessarily indicative of its future performance.
^ Any reference to a ranking, a rating or an award provides no guarantee for future performance results and is not constant over time. LSEG Lipper Fund Awards Singapore 2024 is based on the performance of the Harris Associates U.S. Value Equity Fund - R/A (USD) over 3 years as at 31 December 2023. For the award’s details and methodology, please refer to https://www.lipperfundawards.com/methodology. From LSEG Lipper Fund Awards © 2024 LSEG. All rights reserved. Used under license.
This webpage has been issued by Natixis Investment Managers Hong Kong Limited. Information herein is based on sources Natixis Investment Managers Hong Kong Limited believe to be accurate and reliable as at the date it was made. Natixis Investment Managers Hong Kong Limited reserve the right to revise any information herein at any time without notice. The above Fund data is for information only and does not constitute any offer or solicitation to buy or sell securities and no investment advice or recommendation is given in this webpage. Investment involves risks. The Fund presented herein may use financial derivatives instruments for investment, hedging risk management, and/or efficient portfolio management purposes. This involves significant risk and is usually more sensitive to price movements. Investors should read the Fund Prospectus and the Product Key Fact Statement (KFS) for further details including risk factors before investing. Past performance information presented is not indicative of future performance. Positive dividend yield does not imply positive returns. Source: Natixis Investment Managers. If investment returns are not denominated in HKD/USD, USD-/HKD-based investors are exposed to exchange rate fluctuations. The fund presented in this webpage is authorized by the Securities and Futures Commission (“SFC”) for sale to the public in Hong Kong. SFC authorization is not an official recommendation or endorsement of a scheme nor does it guarantee the commercial merits or its performance. It does not mean the fund is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors. This webpage has not been reviewed by the SFC. Natixis Investment Managers may decide to terminate its marketing arrangements for this fund in accordance with the relevant legislation.