The Oakmark Global Select Fund had a strong quarter of absolute and relative performance, returning 23.1%. The benchmark MSCI World Index returned 19.4% for the same period. The Fund has returned an average of 6.4% per year since its inception in October 2006, outperforming the MSCI World Index, which has averaged 5.6% per year over the same period.
Alphabet ([[GOOG]], [[GOOGL]]), the parent company of Google that is headquartered in the U.S., was the largest contributor for the quarter, returning 22.2%. The share price improved along with the broader U.S. equities market. The company also