Oakmark Funds, advised by Harris Associates, released its “Oakmark International Fund” fourth quarter 2024 investor letter. For the quarter ended December 31, 2024, the fund returned -8.48% compared to the MSCI World ex USA Index’s -7.43% return. Since its inception, the fund returned 8.19% compared to a 5.92% return for the index. Communication services contributed to the fund’s performance in the quarter while health care and financials detracted. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2024.
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