News & Insights from Oakmark

News & Insights

2016 Year-End Fund Distributions

November 28, 2016

The Oakmark Funds declare 2016 year-end distributions for the Funds. The dates for these distributions and the per-share distribution amounts are as follows:

Record date:  Friday, November 25, 2016
Ex-dividend date:  Monday, November 28, 2016
Reinvestment date:  Monday, November 28, 2016
Cash Payment date:  Tuesday, November 29, 2016
Confirmation/post date:  Tuesday, November 29, 2016


Please note that each Fund's closing net asset value (NAV) on Monday, November 28, 2016 will be reduced by the amount of the distribution plus or minus any market activity for the day.

As always, please consult your tax advisor for information specific to your particular situation.

NAV stands for Net Asset Value. NAV is the dollar value of a single mutual fund share, based on the value of the underlying assets of the fund minus its liabilities divided by the number of shares outstanding.

For Fund shareholders who have elected automatic reinvestment: Your distributions will be used to purchase additional shares in each Oakmark Fund that you own at the closing NAV of Monday, November 28, 2016. Please be assured that the dollar value of your Oakmark account will not increase or decrease as a result of distributions.

For Fund shareholders who have not elected automatic reinvestment: You will receive a check for the full distribution amount for each Oakmark Fund that you own.

Class I Per-share Distribution Information

Fund Income Dividend Short-Term Capital Gain Long-Term Capital Gain Total Foreign Tax Credit
Oakmark 0.7682 0.0000 1.0984 1.8666 0.00000
Oakmark Select 0.4042 0.0000 1.6970 2.1012 0.00000
Oakmark Equity and Income 0.4655 0.0000 0.7909 1.2564 0.00000
Oakmark Global 0.3012 0.0000 0.0000 0.3012 0.03799
Oakmark Global Select 0.1679 0.0000 0.0000 0.1679 0.02131
Oakmark International 0.3364 0.0000 0.0000 0.3364 0.05716
Oakmark Intl Small Cap 0.3611 0.0000 0.0895 0.4506 0.03209

 

You can view Historical Distributions for information from previous years.

 

 

All Oakmark Funds: Investing in value stocks presents the risk that value stocks may fall out of favor with investors and underperform growth stocks during given periods. 

The Oakmark Equity and Income Fund invests in medium- and lower-quality debt securities that have higher yield potential but present greater investment and credit risk than higher-quality securities. These risks may result in greater share price volatility. 

Because Oakmark Select Fund and Oakmark Global Select Fund are non-diversified, the performance of each holding will have a greater impact on the Funds’ total return, and may make the Funds’ returns more volatile than a more diversified fund. 

Oakmark Global, Oakmark Global Select, Oakmark International and Oakmark International Small Cap Funds: Investing in foreign securities presents risks which in some ways may be greater than U.S. investments. Those risks include: currency fluctuation; different regulation, accounting standards, trading practices and levels of available information; generally higher transaction costs; and political risks. 

Oakmark, Oakmark Equity & Income, Oakmark Global, Oakmark International Funds and Oakmark International Small Cap: The Funds’ portfolios tend to be invested in a relatively small number of stocks. As a result, the appreciation or depreciation of any one security held will have a greater impact on the Funds’ net asset value than it would if the Funds invest in a larger number of securities. Although that strategy has the potential to generate attractive returns over time, it also increases the Funds’ volatility. 

Oakmark International Small Cap Fund: The stocks of smaller companies often involve more risk than the stocks of larger companies. Stocks of small companies tend to be more volatile and have a smaller public market than stocks of larger companies. Small companies may have a shorter history of operations than larger companies, may not have as great an ability to raise additional capital and may have a less diversified product line, making them more susceptible to market pressure.

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Investing in value stocks presents the risk that value stocks may fall out of favor with investors and underperform growth stocks during given periods.

Before investing in any Oakmark Fund, you should carefully consider the Fund's investment objectives, risks, management fees and other expenses. This and other important information is contained in a Fund's prospectus and summary prospectus. Please read the prospectus and summary prospectus carefully before investing. For more information, please call 1-800-OAKMARK (625-6275).

OAKMARK, OAKMARK FUNDS, OAKMARK INTERNATIONAL, and OAKMARK and tree design are trademarks owned or registered by Harris Associates L.P. in the U.S. and/or other countries.

Copyright 2017, Harris Associates Securities L.P., Distributor, Member FINRA.
Date of first use: January 24, 2013.

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