Oakmark Funds, advised by Harris Associates, released its “Oakmark Fund” second quarter 2024 investor letter. The fund returned -3.98% in the second quarter, compared to a 4.28% return for the S&P 500 Index. The fund has returned 12.72% since its inception compared to the index return of 10.57% over the same period. The largest contributors to the fund for the quarter were communication services and information technology while health care and energy sectors detracted. In addition, you can check the top 5 holdings of the fund to know its best picks in 2024.
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