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

David Herro Market Commentary | 3Q21

September 30, 2021

The overall hindrance to the performance of value funds in general, and with Oakmark specifically, is the return of the “pandemic trade.” However, as we have seen in the past, individual economic reopenings have...

Oakmark Global Fund: Third Quarter 2021

September 30, 2021

Regardless of the investing landscape, our job as managers of the Global Fund is to invest in the most attractive opportunities wherever we find them. The location of a company might affect its short-term...

Oakmark Global Select Fund: Third Quarter 2021

September 30, 2021

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

News + Insights

David Herro on CNBC image

News

David Herro on CNBC’s “Closing Bell” (09.27.21)

September 27, 2021

Portfolio Manager David Herro discussed what companies may benefit from the reopening of the global economy on CNBC’s “Closing Bell.”

David Herro on CNBC image

News

David Herro on CNBC’s “Closing Bell” (08.24.21)

August 24, 2021

Portfolio Manager David Herro appeared on CNBC’s “Closing Bell” to talk about opportunities in international equities.

David Herro- Portfolio Manager- Headshot

News

David Herro on Morningstar’s “The Long View” Podcast

July 13, 2021

Portfolio Manager David Herro discussed portfolio management during the pandemic, today’s competitive landscape and lessons learned over his career during Morningstar’s “The Long View”...

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.