| The Oakmark Fund |
Year Ended |
Year Ended |
Eleven Months |
Year Ended October 31, |
Period Ended |
|||||
| 1996 | 1995 | 1994 | 1993 | 1992 | |||||
| Net Asset Value, Beginning of Period | $33.54 | $41.21 | $32.39 | $28.47 | $25.21 | $24.18 | $17.11 | $12.10 | $10.00 |
| Income From Investment Operations: | |||||||||
| Net Investment Income (Loss) | 0.44 | 0.47 | 0.36 | 0.34 | 0.30 | 0.27 | 0.17 | (0.03) | (0.01) |
| Net Gains or Losses on Securities (both realized and unrealized) | 2.43 | (1.73) | 10.67 | 4.70 | 4.66 | 1.76 | 7.15 | 5.04 | 2.11 |
| Total From Investment Operations: | 2.87 | (1.26) | 11.03 | 5.04 | 4.96 | 2.03 | 7.32 | 5.01 | 2.10 |
| Less Distributions: | |||||||||
| Dividends (from net investment income) | (0.44) | (0.40) | (0.34) | (0.28) | (0.23) | (0.23) | (0.04) | — | — |
| Distributions (from capital gains) | (1.60) | (6.01) | (1.87) | (0.84) | (1.47) | (0.77) | (0.21) | — | — |
| Total Distributions | (2.04) | (6.41) | (2.21) | (1.12) | (1.70) | (1.00) | (0.25) | — | — |
| Net Asset Value, End of Period | $34.37 | $33.54 | $41.21 | $32.39 | $28.47 | $25.21 | $24.18 | $17.11 | $12.10 |
| Total Return | 7.98% | (4.06)% | 39.24%* | 18.07% | 21.55% | 8.77% | 43.21% | 41.40% | 87.10%* |
| Ratios/Supplemental Data: | |||||||||
| Net Assets, End of Period ($million) | $4,772.8 | $6,924.0 | $6,614.9 | $3,933.9 | $2,827.1 | $1,677.3 | $1,107.0 | $114.7 | $4.8 |
| Ratio of Expenses to Average Net Assets | 1.11% | 1.08% | 1.08%* | 1.18% | 1.17% | 1.22% | 1.32% | 1.70% | 2.50%(b)* |
| Ratio of Net Income (Loss) to Average Net Assets | 1.02% | 1.22% | 1.19%* | 1.13% | 1.27% | 1.19% | 0.94% | (0.24)% | (0.66)%(c)* |
| Portfolio Turnover Rate | 13% | 43% | 17% | 24% | 18% | 29% | 18% | 34% | 0% |
*Data has been annualized.
(a) From August 5, 1991, the date on which Fund shares were first offered for sale to the public.
(b) If the Fund had paid all of its expenses and there had been no reimbursement by the Adviser, this annualized ratio would have been 4.92% for the period.
(c) Computed giving effect to the Adviser's expense limitation undertaking.
| The Oakmark Select Fund |
Year Ended |
Year Ended |
Eleven Months |
|
| Net Asset Value, Beginning of Period | $16.76 |
$16.34 |
$10.00 |
| Income From Investment Operations: | |||
| Net Investment Income (Loss) | 0.20 |
0.03 |
(0.01) |
| Net Gains or Losses on Securities (both realized and unrealized) | 4.72 |
0.56 |
6.35 |
| Total From Investment Operations: | 4.92 |
0.59 |
6.34 |
| Less Distributions: | |||
| Dividends (from net investment income) | (0.05) |
— |
— |
| Distributions (from capital gains) | (0.71) |
(0.17) |
— |
| Total Distributions | (0.76) |
(0.17) |
— |
| Net Asset Value, End of Period | $20.92 |
$16.76 |
$16.34 |
| Total Return | 30.07% |
3.64% |
69.16%* |
| Ratios/Supplemental Data: | |||
| Net Assets, End of Period ($million) | $1,638.9 |
$1,227.9 |
$514.2 |
| Ratio of Expenses to Average Net Assets | 1.16% |
1.22% |
1.12%* |
| Ratio of Net Income (Loss) to Average Net Assets | 0.98% |
.17% |
(0.11)%* |
| Portfolio Turnover Rate | 67% |
56% |
37% |
*Ratios have been annualized.
| The Oakmark Small Cap Fund |
Year Ended |
Year Ended |
Eleven Months |
Year Ended |
|
| Net Asset Value, Beginning of Period | $12.63 |
$20.34 |
$13.19 |
$10.00 |
| Income From Investment Operations: | ||||
| Net Investment Income (Loss) | (0.16) |
(0.12) |
(0.01) |
(0.02) |
| Net Gains or Losses on Securities (both realized and unrealized) | 1.50 |
(4.73) |
7.16 |
3.21 |
| Total From Investment Operations: | 1.34 |
(4.85) |
7.15 |
3.19 |
| Less Distributions: | ||||
| Dividends (from net investment income) | 0.00 |
— |
— |
— |
| Distributions (from capital gains) | (0.09) |
(2.86) |
— |
— |
| Total Distributions | (0.09) |
(2.86) |
— |
— |
| Net Asset Value, End of Period | $13.88 |
$12.63 |
$20.34 |
$13.19 |
| Total Return | 10.56% |
(26.37)% |
59.14%* |
31.94% |
| Ratios/Supplemental Data: | ||||
| Net Assets, End of Period ($million) | $437.1 |
$618.0 |
$1,513.4 |
$218.4 |
| Ratio of Expenses to Average Net Assets | 1.48% |
1.45% |
1.37%* |
1.61% |
| Ratio of Net Income (Loss) to Average Net Assets | (0.44)% |
(0.40)% |
(0.25)%* |
(0.29)% |
| Portfolio Turnover Rate | 68% |
34% |
27% |
23% |
*Data has been annualized.
| The Oakmark Equity and Income Fund |
Year Ended |
Year Ended |
Eleven Months |
Year Ended |
|
| Net Asset Value, Beginning of Period | $13.99 |
$14.49 |
$11.29 |
$10.00 |
| Income From Investment Operations: | ||||
| Net Investment Income (Loss) | 0.43 |
0.29 |
0.21 |
0.10 |
| Net Gains or Losses on Securities (both realized and unrealized) | 1.68 |
0.04 |
3.24 |
1.19 |
| Total From Investment Operations: | 2.11 |
0.33 |
3.45 |
1.29 |
| Less Distributions: | ||||
| Dividends (from net investment income) | (0.21) |
(0.24) |
(0.12) |
— |
| Distributions (from capital gains) | (0.21) |
(0.59) |
(0.13) |
— |
| Total Distributions | (0.42) |
(0.83) |
(0.25) |
— |
| Net Asset Value, End of Period | 15.68 |
13.99 |
$14.49 |
$11.29 |
| Total Return | 15.32% |
2.57% |
34.01%* |
12.91% |
| Ratios/Supplemental Data: | ||||
| Net Assets, End of Period ($million) | $60.3 |
$57.7 |
$33.5 |
$13.8 |
| Ratio of Expenses to Average Net Assets | 1.18% |
1.31% |
1.50%*(a) |
2.50%(a) |
| Ratio of Net Income (Loss) to Average Net Assets | 2.65% |
2.39% |
2.38%*(a) |
1.21%(a) |
| Portfolio Turnover Rate | 81% |
46% |
53% |
66% |
*Data has been annualized.
(a) If the fund had paid all of its expenses and there had been no expense reimbursement by the investment adviser, ratios would have been as follows:
September 30, 1997 |
October 31, 1996 |
|
Ratio of Expenses to Average Net Assets |
1.70% |
2.64% |
Ratio of Net Income (Loss) to Average Net Assets |
2.18% |
1.08% |
| The Oakmark Global Fund |
Period Ended |
|
| Net Asset Value, Beginning of Period | $10.00 |
| Income From Investment Operations: | |
| Net Investment Income (Loss) | 0.01 |
| Net Gains or Losses on Securities (both realized and unrealized) | (0.83) |
| Total From Investment Operations: | (0.82) |
| Less Distributions: | |
| Dividends (from net investment income) | 0.00 |
| Distributions (from capital gains) | 0.00 |
| Total Distributions | 0.00 |
| Net Asset Value, End of Period | $9.18 |
| Total Return | (8.18%) |
| Ratios/Supplemental Data: | |
| Net Assets, End of Period ($million) | $24.0 |
| Ratio of Expenses to Average Net Assets | 1.75%*(b) |
| Ratio of Net Income (Loss) to Average Net Assets | 0.98%*(b) |
| Portfolio Turnover Rate | 7.23% |
*Data has been annualized.
(a) From August 4, 1999, the date on which fund shares were first offered for sale to the public.
(b) If the fund had paid all of its expenses and there had been no expense reimbursement by the investment advisor, the ratio of expenses to average net assets would have been 2.22% and the ratio of net income (loss) to average net assets would have been 0.51%.
| The Oakmark International Fund |
Year Ended |
Year Ended |
Eleven Months |
Year Ended October 31, |
Period Ended |
||||
1996 |
1995 |
1994 |
1993 |
|||||
| Net Asset Value, Beginning of Period | $10.42 |
$18.77 |
$14.92 |
$12.97 |
$14.50 |
$14.09 |
$9.80 |
$10.00 |
| Income From Investment Operations: | ||||||||
| Net Investment Income (Loss) | 0.36 |
0.41 |
0.27 |
0.09 |
0.30 |
0.21 |
0.06 |
0.26 |
| Net Gains or Losses on Securities (both realized and unrealized) | 4.19 |
(5.32) |
3.74 |
2.90 |
(0.77) |
0.43 |
4.48 |
(0.46) |
| Total From Investment Operations: | 4.55 |
(4.91) |
4.01 |
2.99 |
(0.47) |
0.64 |
4.54 |
(0.2) |
| Less Distributions: | ||||||||
| Dividends (from net investment income) | (0.24) |
(0.58) |
(0.16) |
— |
— |
(0.08) |
(0.25) |
— |
| Distributions (from capital gains) | (0.78) |
(2.86) |
— |
(1.04) |
(1.06) |
(0.15) |
— |
— |
| Total Distributions | (1.02) |
(3.44) |
(0.16) |
(1.04) |
(1.06) |
(0.23) |
(0.25) |
— |
| Net Asset Value, End of Period | $13.95 |
$10.42 |
$18.77 |
$14.92 |
$12.97 |
$14.50 |
$14.09 |
9.80 |
| Total Return | 46.41% |
(29.90)% |
29.63%* |
24.90% |
(3.06)% |
4.62% |
47.49% |
(22.81)%* |
| Ratios/Supplemental Data: | ||||||||
| Net Assets, End of Period ($million) | $811.1 |
$756.1 |
$1,647.3 |
$1,172.8 |
$819.7 |
$1,286.0 |
$815.4 |
$23.5 |
| Ratio of Expenses to Average Net Assets | 1.29% |
1.32% |
1.26%* |
1.32% |
1.40% |
1.37% |
1.26% |
2.04%* |
| Ratio of Net Income (Loss) to Average Net Assets | 1.94% |
1.95% |
2.09%* |
1.45% |
1.40% |
1.44% |
1.55% |
37.02%* |
| Portfolio Turnover Rate | 54% |
43% |
61% |
42% |
26% |
55% |
21% |
0% |
*Ratios have been annualized.
(a) From September 30, 1992, the date on which Fund shares were first offered for sale to the public.
| The Oakmark International Small Cap Fund |
Year Ended |
Year Ended |
Eleven Months |
Year Ended |
|
| Net Asset Value, Beginning of Period | $6.89 |
$12.20 |
$11.41 |
$10.00 |
| Income From Investment Operations: | ||||
| Net Investment Income (Loss) | 0.20 |
0.18 |
0.13 |
0.04 |
| Net Gains or Losses on Securities (both realized and unrealized) | 5.75 |
(4.09) |
1.10 |
1.37 |
| Total From Investment Operations: | 5.95 |
(3.91) |
1.23 |
1.41 |
| Less Distributions: | ||||
| Dividends (from net investment income) | (0.20) |
(0.06) |
(0.08) |
— |
| Distributions (from capital gains) | 0.00 |
(1.34) |
(0.36) |
— |
| Total Distributions | (0.20) |
(1.40) |
(0.44) |
— |
| Net Asset Value, End of Period | $12.64 |
$6.89 |
$12.20 |
$11.41 |
| Total Return | 88.02% |
(35.20)% |
12.07%* |
14.15% |
| Ratios/Supplemental Data: | ||||
| Net Assets, End of Period ($million) | $155.4 |
$51.8 |
$66.0 |
$39.8 |
| Ratio of Expenses to Average Net Assets | 1.79% |
1.96% |
1.93%* |
2.50%(a) |
| Ratio of Net Income (Loss) to Average Net Assets | 2.31% |
2.17% |
1.23%* |
0.65%(a) |
| Portfolio Turnover Rate | 126% |
69% |
63% |
27% |
* Ratios have been annualized.
(a) If the fund had paid all of its expenses and there had been no expense reimbursement by the investment advisor, the ratio of expenses to average net assets would have been 2.65% and the ratio of net income (loss) to average net assets would have been .50%.
See accompanying notes to financial statements.