BAYZF - Oakmark Global Fund: First Calendar Quarter 2024 Commentary

2024-04-09 10:25:00 ET

Summary

• We are value investors. In constructing portfolios for our clients, we seek out companies that we believe are trading in the market at significant discounts to their underlying value. These businesses must offer significant profit potential and be run by managers who think and act as owners.
• We believe in the importance of intensive, fundamental research. Our research process is based on a disciplined quantitative and qualitative screening process.
• The Oakmark Global Fund generated a 4.35% return in the first quarter, compared to an 8.88% return for the MSCI World Index.
• During the first quarter, we purchased one new position (Centene) and sold one holding (Danaher).

The first quarter reflected strong absolute returns for the Oakmark Global Fund (OAKGX) (“the Fund”). The Fund generated a 4.35% return in the first quarter, compared to an 8.88% return for the MSCI World Index (net). Since its inception in August 1999, the Fund has returned an average of 9.38% per year, outperforming the MSCI World Index’s return of 6.18% over the same period....

For further details see: