The Oakmark Family of Funds

Statement of Operations—March 31, 2000

The Oakmark
Fund		 The Oakmark
Select
Fund		 The Oakmark
Small Cap
Fund
Investment Income:
Dividends $40,256,457 $12,056,916 $1,372,017
Interest Income 6,215,066 2,430,662 366,228
Securities lending income 0 0 0
Other income 189,274 0 0
Foreign taxes withheld 0
 0
 0
Total investment income 46,660,797 14,487,578 1,738,245
Expenses:
Investment advisory fee 17,361,382 7,560,785 2,206,456
Transfer and dividend disbursing agent fees 1,015,631 395,189 116,894
Other shareholder servicing fees 870,695 549,720 102,134
Reports to shareholders 719,858 254,909 85,998
Custody and accounting fees 188,043 101,691 41,603
Registration and blue sky expenses (8,396) 35,102 9,607
Trustee fees 58,509 28,371 17,575
Legal fees 23,710 14,106 6,295
Audit fees 12,829 12,273 12,273
Other 179,993
 88,464
 34,244
Total expenses 20,422,254 9,040,610 2,633,079
Expense reimbursement 0 0 (112,500)
Expense offset arrangements (6,499)
 (1,216)
 (332)
Net expenses 20,415,755 9,039,394 2,520,247
Net Investment Income (loss): 26,245,042 5,448,184 (782,002)
Net realized and unrealized gain (loss) on investments and foreign currency transactions:
Net realized gain (loss) on investments (411,390,237) 184,486,213 36,103,517
Net realized gain (loss) on foreign currency transactions 0 0 0
Net change in unrealized appreciation (depreciation) of investments and foreign currencies (254,210,921) 31,553,980 (51,770,930)
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:  
(665,601,158)
  
216,040,193
  
(15,667,413)
Net increase (decrease) in net assets resulting from operations  
$(639,356,116)
  
$221,488,377
  
$(16,449,415)

 

 

The Oakmark
Equity and
Income Fund		 The Oakmark
Global
Fund		 The Oakmark
International
Fund		 The Oakmark
International
Small Cap
Fund
Investment Income:
Dividends $663,899 $323,047 $12,106,499 $2,099,822
Interest Income 604,341 16,699 1,039,528 125,643
Securities lending income 0 0 0 0
Other Income 0 0 0 0
Foreign taxes withheld (16,519)
 (30,087)
 (1,333,627)
 (243,351)
Total investment income 1,251,721 309,659 11,812,400 1,982,114
Expenses:
Investment advisory fee 215,368 136,171 3,981,177 831,013
Transfer and dividend disbursing agent fees 24,194 17,526 229,650 52,277
Other shareholder servicing fees 7,517 1,782 187,488 38,248
Reports to shareholders 14,216 30,792 152,516 29,792
Custody and accounting fees 25,114 14,085 451,147 98,302
Registration and blue sky expenses 8,057 15,087 28,804 13,204
Trustee fees 12,754 12,383 22,137 13,580
Legal fees 4,893 7,728 8,875 5,308
Audit fees 10,773 9,027 14,883 12,829
Other 18,507
 10,785
 53,780
 24,681
Total expenses 341,393 255,366 5,130,457 1,119,234
Expense reimbursement 0 (16,500) 0 0
Expense offset arrangements (410)
 (231)
 (1,404)
 (1,829)
Net expenses 340,983 238,635 5,129,053 1,117,405
Net Investment Income (loss): 910,738 71,024 6,683,347 864,709
Net realized and unrealized gain (loss) on investments and foreign currency transactions:
Net realized gain (loss) on investments 2,515,982 1,954,715 86,862,642 5,599,958
Net realized gain (loss) on foreign currency transactions 0 52,812 1,616,580 (222,842)
Net change in unrealized appreciation (depreciation) of investments and foreign currencies 725,595 263,350 (28,999,849) (8,096,383)
Net change in appreciation (depreciation) of forward currency exchange contracts 0 34,975 244,057 392,574
Net change in appreciation (depreciation)—other 234 7,590 16,532 5,776
Net realized and unrealized gain (loss) on investments and foreign currency transactions:  
3,241,811
  
2,313,442
  
59,739,962
  
(2,320,917)
Net increase (decrease) in net assets resulting from operations  
$4,152,549
  
$2,384,466
  
$66,423,309
  
$(1,456,208)