Each Oakmark fund applies the same value investment philosophy and process to different market segments, sectors, size companies, and geographic regions to achieve specified goals.
The Oakmark International Small Cap Fund generally invests in small-capitalization companies located anywhere outside of the U.S. Many times, these companies are unknown to mainstream investors and receive little attention from Wall Street.
Emerging
Markets consists of:
Malaysia, Philippines, South Korea, Israel, Brazil, and Mexico
Portfolio Managers
David Herro
David is a Portfolio Manager of the Oakmark International fund, the Oakmark International Small Cap fund, the Oakmark Global Select fund, and is Chief Investment Officer of International Equities at Harris Associates. He was named Morningstar's International Equity Stock Manager of the Year for 2006. David has been managing international portfolios since 1986, previously managing an international portfolio for The State of Wisconsin Investment Board. He also served as a Portfolio Manager for international equity portfolios with The Principal Financial Group of Des Moines, Iowa. David, who joined Harris Associates in 1992, has a 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®.