DTGHF - Oakmark International Fund: First Calendar Quarter 2024 Commentary

2024-04-10 04:00:00 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 International Fund returned 0.11% for the quarter ended March 31, compared to the benchmark, the MSCI World ex USA Index (net), which returned 5.59% for the same period.
• Daimler Truck Holding was a top contributor during the quarter.
• Bayer was a top detractor during the quarter.

The Oakmark International Fund ( OAKIX ) ("the Fund") returned 0.11% for the quarter ended March 31, compared to the benchmark, the MSCI World ex USA Index (net), which returned 5.59% for the same period. In addition, the Fund has returned an average of 8.55% per year since its inception in September 1992, outperforming the MSCI World ex U.S. Index's (net) return of 6.10% over the same period....

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