The Oakmark Family of Funds

Statement of Operations—September 30, 1999

The Oakmark
Fund		 The Oakmark
Select
Fund		 The Oakmark
Small Cap
Fund
Investment Income:
Dividends $112,444,285 $27,208,265 $4,644,655
Interest Income 21,271,005 6,488,832 1,194,223
Securities lending income 0 75,764 33,811
Foreign taxes withheld (126,816)
 (63,600)
 0
Total investment income 133,588,474 33,709,261 5,872,689
Expenses:
Investment advisory fee 59,957,947 15,358,029 7,251,751
Transfer and dividend disbursing agent fees 3,518,298 998,731 507,287
Other shareholder servicing fees 2,966,381 957,631 264,350
Reports to shareholders 1,855,038 473,189 217,200
Custody and accounting fees 693,549 212,400 108,278
Registration and blue sky expenses 24,183 71,067 (95,846)
Trustee fees 166,808 66,691 46,996
Legal fees 58,406 28,572 16,418
Audit fees 28,181 28,629 31,454
Other 418,999
 95,840
 47,192
Total expenses 69,687,790 18,290,779 8,395,080
Expense reimbursement 0 0 0
Expense offset arrangements (2,445)
 (8,874)
 (5,559)
Net expenses 69,685,345 18,281,905 8,389,521
Net Investment Income (loss): 63,903,129 15,427,356 (2,516,832)
Net realized and unrealized gain (loss) on investments and foreign currency transactions:
Net realized gain (loss) on investments 748,595,189 301,413,442 (11,002,740)
Net realized gain (loss) on foreign currency transactions 0 0 0
Net change in unrealized appreciation (depreciation) of investments and foreign currencies (147,719,773) 18,463,317 82,350,204
Net change in appreciation (depreciation) of forward currency exchange contracts 0 0 0
Net change in appreciation (depreciation)—other 0 0 0
Net realized and unrealized gain (loss) on investments and foreign currency transactions:  
600,875,416
  
319,876,759
  
71,347,464
Net increase (decrease) in net assets resulting from operations  
$664,778,545
  
$335,304,115
  
$68,830,632

 

The Oakmark
Equity and
Income Fund		 The Oakmark
Global
Fund		 The Oakmark
International
Fund		 The Oakmark
International
Small Cap
Fund
Investment Income:
Dividends $1,158,904 $74,217 $27,387,199 $4,445,739
Interest Income 1,227,611 23,658 1,612,869 606,224
Securities lending income 6,921 0 114,999 1,799
Foreign taxes withheld (23,405)
 (8,764)
 (3,070,519)
 (539,396)
Total investment income 2,370,031 89,111 26,044,548 4,514,366
Expenses:
Investment advisory fee 464,454 18,520 8,068,806 1,330,000
Transfer and dividend disbursing agent fees 65,540 7,434 639,040 97,700
Other shareholder servicing fees 16,086 803 315,585 61,056
Reports to shareholders 29,051 1,650 304,430 38,271
Custody and accounting fees 49,870 10,044 958,112 256,163
Registration and blue sky expenses 22,967 16,590 (32,848) 43,024
Trustee fees 34,721 5,134 52,671 35,454
Legal fees 12,909 2,100 17,730 13,415
Audit fees 24,079 10,000 30,280 39,731
Other 9,765
 278
 58,778
 57,836
Total expenses 729,442 72,553 10,412,584 1,972,650
Expense reimbursement 0 (15,474) 0 0
Expense offset arrangements (50)
 0
 (515)
 (265)
Net expenses 729,392 57,079 10,412,069 1,972,385
Net Investment Income (loss): 1,640,639 32,032 15,632,479 2,541,981
Net realized and unrealized gain (loss) on investments and foreign currency transactions:
Net realized gain (loss) on investments 6,246,386 (84,542) (28,187,781) 12,338,825
Net realized gain (loss) on foreign currency transactions (1,597) (871) 11,558,024 968,518
Net change in unrealized appreciation (depreciation) of investments and foreign currencies 690,123 (1,789,042) 290,561,381 34,768,296
Net change in appreciation (depreciation) of forward currency exchange contracts 0 (4,719) 1,014,015 186,436
Net change in appreciation (depreciation)—other (159) 53 (274,516) (2,615)
Net realized and unrealized gain (loss) on investments and foreign currency transactions:  
6,934,753
  
(1,879,121)
  
274,671,123
  
48,259,460
Net increase (decrease) in net assets resulting from operations  
$8,575,392
  
$(1,847,089)
  
$290,303,602
  
$50,801,441

(a) From August 4, 1999, the date on which fund shares were first offered for sale to the public.