The Oakmark Funds are advised by Harris Associates L.P. an autonomous subsidiary of Natixis Investment Managers, L.P.

Learn more about the principles and philosophy behind our funds at HarrisAssoc.com.

Harris Associates

111 South Wacker Drive, Suite 4600
Chicago, Illinois 60606
312-646-3600

David Herro- Portfolio Manager- Headshot

David G. Herro, CFA

Partner and CIO-International Equities

David Herro has been a manager of the Oakmark International Fund since 1992, the Oakmark International Small Cap Fund since 1995, the Oakmark Global Select Fund since 2006 and the Oakmark Global Fund since 2016. He is also the chief investment officer for international equities at Harris Associates, which he joined in 1992, and a vice president of the Oakmark Funds.

His career honors include being named Morningstar’s International Stock Fund Manager of the Year in 2006, International Stock Fund Manager of the Decade for 2000-09 and International Stock Fund Manager of the Year in 2016.

Mr. Herro has an M.A. in economics from the University of Wisconsin-Milwaukee (1985) and a B.S. in business/economics from the University of Wisconsin-Platteville (1983).

According to Morningstar, the Morningstar Manager of the Year award is presented to portfolio managers based on the managers’ (i) “ability to generate exceptional returns;” (ii) “willingness to align their interests with shareholders;” and (iii) “courage to stay with their strategies in order to produce superior risk-adjusted returns in the end.

According to Morningstar, the Fund Manager of the Decade award, which is a new award from Morningstar, recognizes fund managers who have achieved superior risk-adjusted results over the past 10 years and have an established record of serving shareholders well. While the awards focus on performance over the past decade, Morningstar takes into consideration other factors, including the fund manager’s strategy, approach to risk, size of the fund, and stewardship. Both individual fund managers and management teams are eligible, and being a previous winner of the Morningstar Fund Manager of the Year award isn’t a prerequisite. Morningstar’s fund analysts select the Fund Manager of the Decade award winners based on Morningstar’s proprietary research and in-depth evaluation.

Commentary

Oakmark Global Fund: Fourth Quarter 2022

December 31, 2022

There were two great lessons in the difficulty of predictions this year. First, professional market forecasters nailed their call on aggregate company fundamentals, but failed miserably at guessing the resulting stock prices. The second...

Oakmark Global Select Fund: Fourth Quarter 2022

December 31, 2022

A top contributor to the Fund’s performance was the largest operator of for-profit hospitals and related health care services in the U.S., while a top detractor was a U.S.-based global leader in e-commerce and...

Oakmark International Fund: Fourth Quarter 2022

December 31, 2022

A top contributor for the quarter was an Italian retail and commercial bank, while a top detractor was a Swiss financial services company.

News + Insights

David Herro- Portfolio Manager- Headshot

News

Value Opportunities in International Investing

January 18, 2023

Portfolio Manager David Herro shares why he sees opportunity today in international investing, especially in Europe.

David Herro- Portfolio Manager- Headshot

News

David Herro in Barron’s

October 20, 2022

Portfolio Manager David Herro discussed value investing opportunities in international markets, particularly in Europe and China, with Barron’s.

OAKIX - Oakmark International Fund ticker image

News

Oakmark International Celebrates 30th Anniversary

September 30, 2022

Portfolio Manager David Herro commemorates the 30th anniversary of the Oakmark International Fund by reflecting on its history and sharing the importance of having...

We do value investing differently

At Oakmark, we don’t have an opinion about how equities will perform this year, if a recession will start or if the political parties will produce pro-growth candidates for 2020. As long-term investors, we don’t think it matters.