OAYBX Fees and Costs — Oakmark Equity and Income Fund, Advisor Class
Data updated: 2026-08-26
The net expense ratio is 0.63%: a 0.53% management fee plus 0.10% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.2M in broker commissions, 0.0185% of average net assets, and portfolio turnover was 15%.
OAYBX Fees and Expenses
Annual operating expenses and sales charges of OAYBX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.53% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.10% |
| Gross expense ratio | 0.63% |
| Fee waiver | — |
| Net expense ratio | 0.63% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
OAYBX Costs Over Time
On $10,000 invested in OAYBX, assuming 5% a year before costs, total costs come to $409 over 5 years, cutting the return by 0.68% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.63%) | $66 | $207 | $361 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $0 | $11 | $37 |
| Total costs | $68 | $224 | $409 |
| Value after costs | $10,432 | $11,352 | $12,354 |
| Impact on return, per year | 0.68% | 0.68% | 0.68% |
OAYBX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0185%
- Total broker commissions: $1.2M
- Bought from dealers (principal trades, not a cost): $35.4B
- Portfolio turnover (prospectus): 15%
- Securities lending: none during the year
OAYBX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $358K | 35.23% |
| BofA Securities, Inc. | $182K | 17.89% |
| Sanford C. Bernstein & Co., LLC | $106K | 10.41% |
| Jefferies LLC | $74K | 7.31% |
| BMO Capital Markets Corp. | $72K | 7.12% |
| RBC Capital Markets, LLC | $63K | 6.21% |
| Goldman Sachs & Co. LLC | $58K | 5.67% |
| Liquidnet, Inc. | $47K | 4.59% |
| William Blair & Company, L.L.C. | $32K | 3.16% |
| Nomura Securities International, Inc. | $25K | 2.43% |
OAYBX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $30.0B | 87.49% |
| J.P. Morgan Securities LLC | $937.6M | 2.73% |
| BofA Securities, Inc. | $625.3M | 1.82% |
| Citigroup Global Markets Inc. | $528.1M | 1.54% |
| Goldman Sachs & Co. LLC | $508.8M | 1.48% |
| Barclays Capital Inc. | $431.0M | 1.26% |
| Morgan Stanley & Co. LLC | $429.2M | 1.25% |
| Wells Fargo Securities, LLC | $421.5M | 1.23% |
| Stonex Financial Inc. | $245.1M | 0.71% |
| BMO Capital Markets Corp. | $165.9M | 0.48% |
Oakmark Equity and Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| OAZBX | R6 Class | 0.56% | — |
| OANBX | Institutional Class | 0.59% | — |
| OAYBX | Advisor Class | 0.63% | — |
| OAKBX | Investor Class | 0.85% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.