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 2022

June 30, 2022

Market prices are more volatile than intrinsic value, and it is our job to prey upon this volatility. We have been active in the Fund, reallocating from issues that have outperformed to new opportunities...

Oakmark Global Select Fund: Second Quarter 2022

June 30, 2022

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

Oakmark International Fund: Second Quarter 2022

June 30, 2022

A top contributor to the Fund’s performance was a global internet and technology company based in the Netherlands, while a top detractor was a Swiss financial services company.

News + Insights

David Herro on CNBC image

News

David Herro on CNBC’s “Squawk on the Street” (07.19.22)

July 19, 2022

Portfolio Manager David Herro talked about how long-term investors can navigate the current market environment along with opportunities in international markets on CNBC’s “Squawk...

David Herro- Portfolio Manager- Featured on Bloomberg image

News

David Herro on Bloomberg (06.10.22)

June 10, 2022

Portfolio Manager David Herro spoke about the financials and tech sectors on "Bloomberg Surveillance."

David Herro on CNBC image

News

David Herro on CNBC’s “Squawk on the Street” (05.17.22)

May 17, 2022

Portfolio Manager David Herro talked about why he sees opportunity in European companies, especially within the financials sector, on CNBC’s “Squawk on the Street.”

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.