CHTR - Oakmark Global Select Fund: First Calendar Quarter 2024

2024-04-10 02:20:00 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 Select Fund returned 2.95% for the quarter, underperforming the MSCI World Index, which returned 8.88%.
• Since its inception in October 2006, the Fund has returned an average of 7.60% per year, outperforming the MSCI World Index’s return of 7.42% over the same period.
• We were pleased to purchase shares of IQVIA at a discount to our estimate of its intrinsic value.

The Oakmark Global Select Fund ( OAKWX ) ("the Fund") returned 2.95% for the quarter, underperforming the MSCI World Index (net), which returned 8.88%. Since its inception in October 2006, the Fund has returned an average of 7.60% per year, outperforming the MSCI World Index's return of 7.42% over the same period....

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