| The Oakmark Fund |
Six Months |
Year Ended |
Year Ended |
Eleven Months |
Year Ended October 31, |
Period Ended |
|||||
| 1996 | 1995 | 1994 | 1993 | 1992 | ||||||
| Net Asset Value, Beginning of Period | $34.37 | $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) | 0.25 | 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) | (4.86) | 2.43 | (1.73) | 10.67 | 4.70 | 4.66 | 1.76 | 7.15 | 5.04 | 2.11 |
| Total From Investment Operations: | (4.61) | 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) | (0.26) | (0.44) | (0.40) | (0.34) | (0.28) | (0.23) | (0.23) | (0.04) | 0 | 0 |
| Distributions (from capital gains) | (4.74) | (1.60) | (6.01) | (1.87) | (0.84) | (1.47) | (0.77) | (0.21) | 0 | 0 |
| Total Distributions | (5.00) | (2.04) | (6.41) | (2.21) | (1.12) | (1.70) | (1.00) | (0.25) | 0 | 0 |
| Net Asset Value, End of Period | $24.76 | $34.37 | $33.54 | $41.21 | $32.39 | $28.47 | $25.21 | $24.18 | $17.11 | $12.10 |
| Total Return | (15.06)% | 7.98% | (4.06)% | 39.24%* | 18.07% | 21.55% | 8.77% | 43.21% | 41.40% | 87.10%* |
| Ratios/Supplemental Data: | ||||||||||
| Net Assets, End of Period ($million) | $2,215.9 | $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 | 1.22%* | 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 | 1.56%* | 1.02% | 1.22% | 1.19%* | 1.13% | 1.27% | 1.19% | 0.94% | (0.24)% | (0.66)%(c)* |
| Portfolio Turnover Rate | 21% | 13% | 43% | 17% | 24% | 18% | 29% | 18% | 34% | 0% |
*Data has been annualized.
(a) The date which Fund shares were first offered for sale to the public was August 5, 1991.
(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 |
Six Months |
December 31, |
Year Ended |
Year Ended |
Eleven Months |
|
| Net Asset Value, Beginning of Period | $20.92 |
$18.42 |
$16.76 |
$16.34 |
$10.00 |
| Income From Investment Operations: | |||||
| Net Investment Income (Loss) | 0.06 |
0.03 |
0.20 |
0.03 |
(0.01) |
| Net Gains or Losses on Securities (both realized and unrealized) | 3.01 |
1.60 |
4.72 |
0.56 |
6.35 |
| Total From Investment Operations: | 3.07 |
1.63 |
4.92 |
0.59 |
6.34 |
| Less Distributions: | |||||
| Dividends (from net investment income) | (0.20) |
0.00 |
(0.05) |
0 |
0 |
| Distributions (from capital gains) | (3.72) |
0.00 |
(0.71) |
(0.17) |
0 |
| Total Distributions | (3.92) |
0.00 |
(0.76) |
(0.17) |
0 |
| Net Asset Value, End of Period | $20.07 |
$20.05 |
$20.92 |
$16.76 |
$16.34 |
| Total Return | 16.52% |
8.85% |
30.07% |
3.64% |
69.16%* |
| Ratios/Supplemental Data: | |||||
| Net Assets, End of Period ($million) | $1,497.7 |
$4.6 |
$1,638.9 |
$1,227.9 |
$514.2 |
| Ratio of Expenses to Average Net Assets | 1.18%* |
1.36%* |
1.16% |
1.22% |
1.12%* |
| Ratio of Net Income (Loss) to Average Net Assets | 0.71% |
.33% |
0.98% |
.17% |
(0.11)%* |
| Portfolio Turnover Rate | 27% |
27% |
67% |
56% |
37% |
*Data has been annualized.
(a) The date which Class II shares were first sold to the public was December 31, 1999.
| The Oakmark Small-Cap Fund |
Six Months |
Year Ended |
Year Ended |
Eleven Months |
Year Ended |
|
| Net Asset Value, Beginning of Period | $13.88 |
$12.63 |
$20.34 |
$13.19 |
$10.00 |
| Income From Investment Operations: | |||||
| Net Investment Income (Loss) | 0.00 |
(0.16) |
(0.12) |
(0.01) |
(0.02) |
| Net Gains or Losses on Securities (both realized and unrealized) | (0.49) |
1.50 |
(4.73) |
7.16 |
3.21 |
| Total From Investment Operations: | (0.49) |
1.34 |
(4.85) |
7.15 |
3.19 |
| Less Distributions: | |||||
| Dividends (from net investment income) | 0.00 |
0.00 |
0 |
0 |
0 |
| Distributions (from capital gains) | 0.00 |
(0.09) |
(2.86) |
0 |
0 |
| Total Distributions | 0.00 |
(0.09) |
(2.86) |
0 |
0 |
| Net Asset Value, End of Period | $13.39 |
$13.88 |
$12.63 |
$20.34 |
$13.19 |
| Total Return | (3.53)% |
10.56% |
(26.37)% |
59.14%* |
31.94% |
| Ratios/Supplemental Data: | |||||
| Net Assets, End of Period ($million) | $255.8 |
$437.1 |
$618.0 |
$1,513.4 |
$218.4 |
| Ratio of Expenses to Average Net Assets | 1.50%*(a) |
1.48% |
1.45% |
1.37%* |
1.61% |
| Ratio of Net Income (Loss) to Average Net Assets | (0.46)%*(a) |
(0.44)% |
(0.40)% |
(0.25)%* |
(0.29)% |
| Portfolio Turnover Rate | 13% |
68% |
34% |
27% |
23% |
*Data has been annualized.
(a) If the Fund had paid all of its expenses and there had been no expense reimbursement by the Adviser, ratios would have been as follows:
March 31, |
|
Ratio of Expenses to Average Net Assets |
1.57% |
Ratio of Net Income (Loss) to Average Net Assets |
(0.53)% |
| The Oakmark Equity and Income Fund |
Six Months |
Year Ended |
Year Ended |
Eleven Months |
Year Ended |
|
| Net Asset Value, Beginning of Period | $15.68 |
$13.99 |
$14.49 |
$11.29 |
$10.00 |
| Income From Investment Operations: | |||||
| Net Investment Income (Loss) | 0.22 |
0.43 |
0.29 |
0.21 |
0.10 |
| Net Gains or Losses on Securities (both realized and unrealized) | 0.95 |
1.68 |
0.04 |
3.24 |
1.19 |
| Total From Investment Operations: | 1.17 |
2.11 |
0.33 |
3.45 |
1.29 |
| Less Distributions: | |||||
| Dividends (from net investment income) | (0.45) |
(0.21) |
(0.24) |
(0.12) |
0 |
| Distributions (from capital gains) | (1.36) |
(0.21) |
(0.59) |
(0.13) |
0 |
| Total Distributions | (1.81) |
(0.42) |
(0.83) |
(0.25) |
0 |
| Net Asset Value, End of Period | $15.04 |
15.68 |
13.99 |
$14.49 |
$11.29 |
| Total Return | 8.02% |
15.32% |
2.57% |
34.01%* |
12.91% |
| Ratios/Supplemental Data: | |||||
| Net Assets, End of Period ($million) | $52.3 |
$60.3 |
$57.7 |
$33.5 |
$13.8 |
| Ratio of Expenses to Average Net Assets | 1.21%* |
1.18% |
1.31% |
1.50%*(a) |
2.50%(a) |
| Ratio of Net Income (Loss) to Average Net Assets | 3.21%* |
2.65% |
2.39% |
2.38%*(a) |
1.21%(a) |
| Portfolio Turnover Rate | 29% |
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 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 |
Six Months Ended |
Year Ended |
|
| Net Asset Value, Beginning of Period | $9.18 |
$10.00 |
| Income From Investment Operations: | ||
| Net Investment Income (Loss) | 0.05 |
0.01 |
| Net Gains or Losses on Securities (both realized and unrealized) | 0.83 |
(0.83) |
| Total From Investment Operations: | 0.88 |
(0.82) |
| Less Distributions: | ||
| Dividends (from net investment income) | (0.01) |
0.00 |
| Distributions (from capital gains) | 0.00 |
0.00 |
| Total Distributions | (0.01) |
0.00 |
| Net Asset Value, End of Period | $10.05 |
$9.18 |
| Total Return | 9.59% |
(8.18%) |
| Ratios/Supplemental Data: | ||
| Net Assets, End of Period ($million) | $26.8 |
$24.0 |
| Ratio of Expenses to Average Net Assets | 1.75%*(b) |
1.75%*(b) |
| Ratio of Net Income (Loss) to Average Net Assets | 0.52%*(b) |
0.98%*(b) |
| Portfolio Turnover Rate | 96% |
7% |
*Data has been annualized
(a) The date which Fund shares were first offered for sale to the public was August 4, 1999.
(b) If the Fund had paid all of its expenses and there had been no expense reimbursement by the Adviser, ratios would have been as follows:
March 31, |
September 30, |
|
Ratio of Expenses to Average Net Assets |
1.87% |
2.22% |
Ratio of Net Income (Loss) to Average Net Assets |
0.40% |
0.51% |
| The Oakmark International Fund |
Six Months |
November 4, |
Year Ended |
Year Ended |
Eleven Months |
Year Ended October 31, |
Period Ended |
||||
1996 |
1995 |
1994 |
1993 |
|||||||
| Net Asset Value, Beginning of Period | $13.95 |
$14.36 |
$10.42 |
$18.77 |
$14.92 |
$12.97 |
$14.50 |
$14.09 |
$9.80 |
$10.00 |
| Income From Investment Operations: | ||||||||||
| Net Investment Income (Loss) | 0.11 |
0.19 |
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) | 1.10 |
0.60 |
4.19 |
(5.32) |
3.74 |
2.90 |
(0.77) |
0.43 |
4.48 |
(0.46) |
| Total From Investment Operations: | 1.21 |
0.79 |
4.55 |
(4.91) |
4.01 |
2.99 |
(0.47) |
0.64 |
4.54 |
(0.2) |
| Less Distributions: | ||||||||||
| Dividends (from net investment income) | (0.49) |
(0.49) |
(0.24) |
(0.58) |
(0.16) |
0 |
0 |
(0.08) |
(0.25) |
0 |
| Distributions (from capital gains) | 0.00 |
0.00 |
(0.78) |
(2.86) |
0 |
(1.04) |
(1.06) |
(0.15) |
0 |
0 |
| Total Distributions | (0.49) |
0.00 |
(1.02) |
(3.44) |
(0.16) |
(1.04) |
(1.06) |
(0.23) |
(0.25) |
0 |
| Net Asset Value, End of Period | $14.67 |
$14.66 |
$13.95 |
$10.42 |
$18.77 |
$14.92 |
$12.97 |
$14.50 |
$14.09 |
9.80 |
| Total Return | 8.85% |
2.02% |
46.41% |
(29.90)% |
29.63%* |
24.90% |
(3.06)% |
4.62% |
47.49% |
(22.81)%* |
| Ratios/Supplemental Data: | ||||||||||
| Net Assets, End of Period ($million) | $750.0 |
$0.1 |
$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 | 1.30%* |
1.69%* |
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 | 1.68%* |
1.87%* |
1.94% |
1.95% |
2.09%* |
1.45% |
1.40% |
1.44% |
1.55% |
37.02%* |
| Portfolio Turnover Rate | 35% |
35% |
54% |
43% |
61% |
42% |
26% |
55% |
21% |
0% |
*Data has been annualized.
(a) The date which Fund shares were first offered for sale to the public was September 30, 1992.
(b) The date which Class II shares were first sold to the public was November 4, 1999.
| The Oakmark International Small Cap Fund |
Six Months |
Year Ended |
Year Ended |
Eleven Months |
Year Ended |
|
| Net Asset Value, Beginning of Period | $12.64 |
$6.89 |
$12.20 |
$11.41 |
$10.00 |
| Income From Investment Operations: | 0.01 |
||||
| Net Investment Income (Loss) | 0.20 |
0.18 |
0.13 |
0.04 |
|
| Net Gains or Losses on Securities (both realized and unrealized) | (0.07) |
5.75 |
(4.09) |
1.10 |
1.37 |
| Total From Investment Operations: | (0.06) |
5.95 |
(3.91) |
1.23 |
1.41 |
| Less Distributions: | |||||
| Dividends (from net investment income) | (0.11) |
(0.20) |
(0.06) |
(0.08) |
0 |
| Distributions (from capital gains) | (0.59) |
0.00 |
(1.34) |
(0.36) |
0 |
| Total Distributions | (0.70) |
(0.20) |
(1.40) |
(0.44) |
0 |
| Net Asset Value, End of Period | $11.88 |
$12.64 |
$6.89 |
$12.20 |
$11.41 |
| Total Return | (0.34)% |
88.02% |
(35.20)% |
12.07%* |
14.15% |
| Ratios/Supplemental Data: | |||||
| Net Assets, End of Period ($million) | $107.3 |
$155.4 |
$51.8 |
$66.0 |
$39.8 |
| Ratio of Expenses to Average Net Assets | 1.73%* |
1.79% |
1.96% |
1.93%* |
2.50%(a) |
| Ratio of Net Income (Loss) to Average Net Assets | 1.33%* |
2.31% |
2.17% |
1.23%* |
0.65%(a) |
| Portfolio Turnover Rate | 16% |
126% |
69% |
63% |
27% |
*Data has been annualized.
(a) If the Fund had paid all of its expenses and there had been no expense reimbursement by the Adviser, ratios would have been as follows:
| October 31, 1996 | |
| Ratio of Expenses to Average Net Assets | 2.65% |
| Ratio of Net Income (Loss) to Average Net Assets | 0.50% |
See accompanying notes to financial statements.