Fund Evaluator:

Oakmark Equity and Income Advisor Overview

Oakmark Equity and Income Advisor (OAYBX) is an actively managed Allocation Moderate Allocation fund. Oakmark launched the fund in 2016.

The investment seeks income and preservation and growth of capital. The fund invests primarily in a diversified portfolio of U.S. equity and debt securities. It is intended to present a balanced investment program between growth and income by investing approximately 40-75% of its total assets in common stock, including securities convertible into common stock, and up to 60% of its total assets in debt securities issued by U.S. government or any of its agencies or instrumentalities, non U.S. governments, and corporate entities rated at the time of purchase within the two highest ratings assigned by Moody's Investors Service, Inc. or by S&P Global Ratings.

About Oakmark Equity and Income Advisor (OAYBX)

There are 4 members of the management team with an average tenure of 6.91 years: Adam Abbas (2020), Alex Fitch (2022), Michael Nicolas (2022), M. Colin Hudson (2013). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Bloomberg US Agg Bond TR USD index with a weighting of 100%. Oakmark Equity and Income Advisor has 266 securities in its portfolio. The top 10 holdings constitute 19.8% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Oakmark Equity and Income Advisor is part of the Allocation global asset class and is within the Allocation fund group. Oakmark Equity and Income Advisor has 4.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 57.2%. There is 2.9% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 38.6% (37.4% domestic bond, 1.2% foreign bond and 0.0% convertible bond). Oakmark Equity and Income Advisor has 1.3% of the portfolio in cash.

Assets Under Management

The fund has $711 million in total assets, which is below the $2 billion average for the Moderate Allocation 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.

OAYBX 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 Equity and Income Advisor expense ratio is above average compared to funds in the Moderate Allocation category. Oakmark Equity and Income Advisor has an expense ratio of 0.63%, which is 37% lower than its category average, making the fund expense ratio grade a B. 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 Equity and Income Advisor has a portfolio turnover rate of 69%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 52% for the Moderate Allocation category.

Recently, in the month of July 2026, Oakmark Equity and Income Advisor returned 3.8%, which earned it a grade of A, as the Moderate Allocation category had an average return of -0.3%. 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 funds in that category.

Oakmark Equity and Income Advisor has a trailing yield of 2.35%, which is above the 1.97% 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.

Oakmark Equity and Income Advisor Grades

Year to date, the fund has returned 4.9%, 1.6 percentage points worse than the category, which translates into a grade of D. The fund has returned 12.0% over the past year (grade of D), 9.9% over the past three years (grade of F) and 6.2% per year over the past five years (grade of D) and 8.8% per year over the past 10 years (grade of C).

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