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: Second Quarter 2021

July 8, 2021

While academic thinking may change with the times, we base our investing on a factor that does not change—human nature. As long as human emotion works to cause mispricing of securities, we disciplined value...

Oakmark Global Select Fund: Second Quarter 2021

July 8, 2021

A top contributor to the Fund’s performance was a U.S. communication services provider, while a top detractor was a Netherlands-based internet company.

Oakmark International Fund: Second Quarter 2021

July 8, 2021

A top contributor to the Fund’s performance was a media company headquartered in Mexico, while a top detractor was a South African-based holding company with leading internet and media assets.

News + Insights

News

Oakmark International Small Cap Fund Featured in Citywire Professional Buyer

July 1, 2021

Citywire Professional Buyer Featured the Oakmark International Small Cap Fund because of its returns within the Morningstar Foreign Small/Mid Value category.

David Herro on CNBC

News

David Herro on CNBC’s “Squawk on the Street” (06.24.21)

June 24, 2021

Portfolio Manager David Herro discussed value opportunities as the economy begins a phased reopening on CNBC’s “Squawk on the Street.”

OAKIX - Oakmark International Fund

News

Oakmark International Fund Wins 2021 Refinitiv Lipper Fund Award

March 11, 2021

The Oakmark International Fund is a Refinitiv Lipper Fund Awards winner for best international multi-cap value fund over the 10-year period.

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.