Oakmark Funds, advised by Harris Associates, released its “Oakmark Global Fund” second quarter 2024 investor letter. The fund returned -3.01% in the quarter compared to a 2.63% return for the MSCI World Index (net). The fund generated a 9.14% return since its inception compared to the index’s 6.23% return over the same period. The largest contributors at the sector level were communication services and financials, while the largest detractors were industrials and health care. In addition, you can check the top 5 holdings of the fund to know its best picks in 2024.
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