ETF Evaluator:
Oakmark U.S. Concentrated ETF ()
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(as of )
Best Performing in Large Value Over the Last Year
| 51.9% | iShares MSCI USA Value Factor ETF (VLUE) |
| 40.7% | iShares Core Dividend ETF (DIVB) |
| 38.5% | Schwab US Dividend Equity ETF™ (SCHD) |
| 36.4% | Avantis Inflation Focused Equity ETF (AVIE) |
| 34.3% | iShares Core High Dividend ETF (HDV) |
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ETF Details
Oakmark U.S. Concentrated ETF Overview
Oakmark U.S. Concentrated ETF (OAKL) is an actively managed U.S. Equity Large Value exchange-traded fund (ETF). Oakmark launched the ETF in 2026.
The investment seeks long-term capital appreciation.
Under normal circumstances, the fund will invest at least 80% of its net assets (plus borrowings made for investment purposes) in securities of U.S. companies. It uses a value investment philosophy in selecting equity securities. The fund is non-diversified.
About Oakmark U.S. Concentrated ETF (OAKL)
There are 2 members of the management team with an average tenure of 0.07 years: Robert Bierig (2026) and Alex Fitch (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
Oakmark U.S. Concentrated ETF has 28 securities in its portfolio. The top 10 holdings constitute 56.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Oakmark U.S. Concentrated ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Oakmark U.S. Concentrated ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.5% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Oakmark U.S. Concentrated ETF has 0.5% of the portfolio in cash.
Assets Under Management
The fund has $336 million in total assets, which is below the $6 billion average for the Large Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
OAKL Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Oakmark U.S. Concentrated ETF expense ratio is average compared to funds in the Large Value category. Oakmark U.S. Concentrated ETF has an expense ratio of 0.59%, which is 51% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Oakmark U.S. Concentrated ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 42% for the Large Value category.
Recently, in the month of October 2026, Oakmark U.S. Concentrated ETF returned 0.0%, which earned it a grade of NA, as the Large Value category had an average return of 4.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Oakmark U.S. Concentrated ETF has a trailing yield of 0.00%, which is below the 1.74% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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OAKL Trailing NAV Total Returns Data as of 10/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| OAKL Return (NAV) | na | na | na | na | na | na |
| OAKL Return (Price) | na | na | na | na | na | na |
| NAV +/- Price Return | na | na | na | na | na | na |
| Large Value Avg | 4.7% | 2.7% | 21.2% | 20.7% | 11.2% | 12.5% |
| OAKL Grade (NAV) | na | na | na | na | na | na |
| +/- Category (NAV) | na | na | na | na | na | na |
| OAKL Tax-Cost Ratio | na | na | na | na | na | na |
OAKL Annual NAV Total ReturnsData as of 10/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| OAKL Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| OAKL Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Large Value Avg | 17.6% | 14.7% | 15.5% | 13.1% | -6.6% | 26.5% | 5.5% | 27.4% | -6.6% | 17.8% | 15.6% |
| OAKL Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 337 Mil |
| Share Class Assets: | $ 337 Mil |
| Turnover: | na |
| Expense Ratio: | 0.59% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 0.1 years | |||
| Average Tenure: 0.1 years | |||
| Managers (Year): Bierig Robert (2026), Fitch Alex (2026) | |||
Portfolio Composition (as of 10/31/26)
| # of Holdings: | 28 |
| % in Top 10 Holdings: | 56.7% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 99.5% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.5% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Oakmark |
| Phone Number: | 800-458-7452 |
| Website: | |
| Inception Date: | October 5, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.59% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.39% |
