Henry Berghoef is stepping down as co-manager of the Oakmark Select Fund (OAKLX) and will retire from Harris Associates L.P., the fund's advisor, effective July 31.

William Nygren will continue as portfolio manager of Oakmark Select. A co-manager for the Oakmark Select Fund is expected to be named within the next year, according to the firm. Other members of the Harris Associates team of investment analysts will assume Berghoef's research responsibilities.

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