CHICAGO, Jan. 13 /PRNewswire/ -- We are pleased to announce that David Herro has been named Morningstar's International Stock Fund Manager of the Decade.
David serves as the Chief Investment Officer of International Equities and portfolio manager for The Oakmark International Fund, The Oakmark International Small Cap Fund, and The Oakmark Global Select Fund. He joined Harris Associates, adviser to The Oakmark Funds, in 1992.
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.
The Oakmark investment philosophy is centered on the belief that superior, long-term results are achieved through investing as owners in quality companies that can be purchased at a significant discount to their true economic value. The Oakmark International Fund seeks capital appreciation by investing in larger capitalization companies located outside of the U.S. The Oakmark International Small Cap Fund seeks capital appreciation by investing in small capitalization companies located outside of the U.S. The Oakmark Global Select Fund seeks capital appreciation by investing in a concentrated portfolio of mid and large capitalization companies from around the world.
For more information about The Oakmark Funds, please visit oakmark.com. Prospective investors can purchase shares directly from Oakmark by visiting oakmark.com or through numerous financial intermediaries' mutual fund platforms.
ABOUT THE PORTFOLIO MANAGER
David Herro is Portfolio Manager of The Oakmark International Fund, The Oakmark International Small Cap Fund, and The Oakmark Global Select Fund. He is also Harris Associates' Chief Investment Officer of International Equities. David has been managing international portfolios since 1986, previously serving as portfolio manager for The State of Wisconsin Investment Board and The Principal Financial Group. David, who joined Harris Associates in 1992, 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). He has over twenty-four years of investment experience and is a CFA charterholder.
ABOUT THE OAKMARK FUNDS AND HARRIS ASSOCIATES L.P.:
The Oakmark Funds are a $30 billion mutual fund family that utilizes a long-term value investment approach. Harris Associates L.P., a Chicago-based investment management firm founded in 1976, serves as the Adviser to The Oakmark Funds and manages domestic, international and global portfolios for institutional and high net worth investors worldwide. The Oakmark Funds are distributed by Harris Associates Securities L.P., member FINRA. For more information including management fees and expenses and the special risks of investing, visit oakmark.com or call 1-800-OAKMARK for a prospectus. An investor should consider a fund's investment objectives, risks, and charges and expenses carefully before investing. This and other information are contained in the prospectus.
SOURCE Harris Associates L.P.