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
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.