ETF Evaluator:
Oakmark U.S. Large Cap ETF (OAKM)
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(as of Aug 21)
Best Performing in Large Value Over the Last Year
| 72.4% | iShares MSCI USA Value Factor ETF (VLUE) |
| 39.0% | SEI QiM U.S. Lrg Cap Value Actv ETF (SEIV) |
| 34.8% | LSV Disciplined Value ETF (LSVD) |
| 34.7% | iShares Core Dividend ETF (DIVB) |
| 34.4% | Avantis US Large Cap Value ETF (AVLV) |
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ETF Details
Oakmark U.S. Large Cap ETF Overview
Oakmark U.S. Large Cap ETF (OAKM) is an actively managed U.S. Equity Large Value exchange-traded fund (ETF). Oakmark launched the ETF in 2024.
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. large capitalization companies. The fund invests primarily in a diversified portfolio of common stocks of U.S. large capitalization companies. A large capitalization company is one whose market capitalizations is not smaller than the smallest market capitalization of a company in the Russell 1000 Index.
About Oakmark U.S. Large Cap ETF (OAKM)
There are 3 members of the management team with an average tenure of 1.66 years: Robert Bierig (2024), Michael Nicolas (2024) and William Nygren (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Russell 1000 Value TR USD index with a weighting of 100%. Oakmark U.S. Large Cap ETF has 40 securities in its portfolio. The top 10 holdings constitute 35.6% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Oakmark U.S. Large Cap ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Oakmark U.S. Large Cap ETF has 1.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 97.6% There is 1.5% 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. Large Cap ETF has 0.9% of the portfolio in cash.
Assets Under Management
The fund has $1 billion in total assets, which is below the $5 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.
OAKM 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. Large Cap ETF expense ratio is average compared to funds in the Large Value category. Oakmark U.S. Large Cap ETF has an expense ratio of 0.59%, which is 58% 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. Large Cap ETF has a portfolio turnover rate of 11%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 40% for the Large Value category.
Recently, in the month of July 2026, Oakmark U.S. Large Cap ETF returned 7.0%, which earned it a grade of A, as the Large Value category had an average return of 2.4%. 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. Large Cap ETF has a trailing yield of 0.63%, which is below the 1.70% 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 U.S. Large Cap ETF Grades
Year to date, the ETF has returned 6.4%, 8.0 percentage points worse than the category, which translates into a grade of F. The fund has returned 17.5% over the past year (grade of F).
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OAKM Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| OAKM Return (NAV) | 7.0% | 6.6% | 17.5% | na | na | na |
| OAKM Return (Price) | 7.1% | 6.6% | 17.4% | na | na | na |
| NAV +/- Price Return | -0.067% | 0.048% | 0.058% | na | na | na |
| Large Value Avg | 2.4% | 5.9% | 24.1% | 16.3% | 11.3% | 12.1% |
| OAKM Grade (NAV) | A | B | F | na | na | na |
| +/- Category (NAV) | 4.7% | 0.7% | -6.6% | na | na | na |
| OAKM Tax-Cost Ratio | na | na | 0.2% | na | na | na |
OAKM Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| OAKM Return (NAV) | 6.4% | 21.3% | na | na | na | na | na | na | na | na | na |
| OAKM Return (Price) | 6.4% | 21.4% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.007% | 0.008% | na | na | na | na | na | na | na | na | na |
| Large Value Avg | 14.4% | 14.8% | 15.5% | 13.1% | -6.5% | 26.7% | 5.4% | 27.4% | -6.6% | 17.7% | 15.7% |
| OAKM Grade (NAV) | F | A | na | na | na | na | na | na | na | na | na |
| +/- Category | -8.0% | 6.4% | 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: | 0.6% |
| Total Assets: | $ 1,134 Mil |
| Share Class Assets: | $ 1,134 Mil |
| Turnover: | 11.0% |
| Expense Ratio: | 0.59% |
| Index Fund: | No |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 1.7 years | |||
| Average Tenure: 1.7 years | |||
| Managers (Year): Bierig Robert (2024), Nicolas Michael (2024), Nygren William (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 40 |
| % in Top 10 Holdings: | 35.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 1.5% |
Portfolio Allocation |
|
| Domestic Stock: | 97.6% |
| Foreign Stock: | 1.5% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.9% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Oakmark |
| Phone Number: | 800-458-7452 |
| Website: | |
| Inception Date: | December 3, 2024 |
Expenses and Fees
| Expense Ratio (%): | 0.59% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.37% |
