Oakmark Funds - 1792 Exchange

Rating Overview

Oakmark Funds is Medium Risk.

Harris Associates L.P. DBA (Oakmark Funds) is Medium Risk. The company often yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. The company implements race and identity-based policies that replace merit, excellence, and integrity with preferential treatment and outcomes. Oakmark occasionally embraces corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues at times. This approach fails to safeguard free exercise, free speech, and free enterprise.

Rating Criteria

Corporate Weaponization Risk Levels
Criteria	Risk Level
Cancellations	Medium Risk
Discriminatory Philanthropy	Lower Risk
Employment Protection	Medium Risk

Corporate Weaponization ⓘ

Corporate Governance and Public Policy Risk Levels
Criteria	Risk Level
Advocacy Bias	High Risk
Funding	Lower Risk
Political Actions	No Data

Corporate Governance and Public Policy ⓘ

Rating Criteria Detail

Criteria Risk Level Rationale

Corporate Weaponization

Criteria:

Has canceled customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level:

Medium

Rationale:

Oakmark integrates ESG into its business practices. From its Responsible investing
policy statement: “We use the term “ESG integration” to refer to our
approach of incorporating material ESG factors into Harris | Oakmark’s investment process.” (1). From its Responsible Investing page: “At Harris | Oakmark, environmental, social and governance (ESG) factors are not treated as standalone considerations. We integrate material ESG factors into our investment process alongside traditional financial metrics, focusing on their potential to impact long-term value.” (2). However, the company has not publicly canceled customers, suppliers, or vendors based on political views or religious beliefs (3).

Criteria:

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level:

Lower

Rationale:

Oakmark does not publish charitable giving guidelines (1)(2).

Criteria:

Employment policies fail to protect against viewpoint or other discrimination and/or are ideological in nature.

Risk Level:

Medium

Rationale:

Oakmark does not provide viewpoint protections for its employees (1).

Corporate Governance and Public Policy

Criteria:

Uses corporate reputation to support causes, organizations, or policies hostile to freedom of expression.

Risk Level:

High

Rationale:

Harris Associates hosts a DEI council with initiatives including “eliminating unconscious bias” (1). The company supports ESG within its business practices. From its Responsible Investing page: “At Harris | Oakmark, we believe that ESG factors can be financially material to the companies in which we invest, and as such, should be considered as part of the investment process.” (2).

Criteria:

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level:

Lower

Rationale:

Oakmark has not used corporate funds to advance ideological causes, organizations, or policies (1).

Criteria:

Uses corporate political actions and/or financial contributions for ideological, non-business purposes.

Risk Level:

N/A

Rationale:

Oakmark does not operate a PAC or engage in lobbying at this time (1)(2)(3).