Statement of Assets and Liabilities—September 30, 2000
| The Oakmark Fund |
The Oakmark Select Fund |
The Oakmark Small Cap Fund |
|
| Assets | |||
| Investments, at value | $ 2,011,316,685 | $ 1,775,647,588 | $ 249,559,481 |
| (cost: 1,979,953,197) | (cost: 1,588,432,607) | (cost: 246,075,178) | |
| Cash | 199 | 626 | 942 |
| Foreign currency, at value | 0 | 0 | 0 |
| Receivable for: | |||
| Forward foreign currency contracts | 0 | 0 | 0 |
| Securities sold | 28,311,454 | 24,325,561 | 559,320 |
| Fund shares sold | 5,751,925 | 2,225,652 | 48,707 |
| Dividends and interest | 4,017,332 | 1,264,708 | 96,313 |
| Total receivables | 38,080,711 | 27,815,921 | 704,340 |
| Other assets | 158,764 | 30,591 | 19,752 |
| Total assets | $ 2,049,556,359 | $ 1,803,494,726 | $ 250,284,515 |
| Liabilities and Net Assets | |||
| Options sold, at fair value | $0 | $0 | $42,000 |
| (premiums received: 64,578) | |||
| Payable for: | |||
| Securities purchased | 6,097,075 | 23,506,634 | 578,950 |
| Fund shares redeemed | 3,378,486 | 604,856 | 704,562 |
| Forward foreign currency contracts | 0 | 0 | 0 |
| Other | 1,351,991 | 646,762 | 255,391 |
| Total liabilities | 10,827,552 | 24,758,252 | 1,580,903 |
| Net assets applicable to fund shares outstanding | $ 2,038,728,807 | $ 1,778,736,474 | $ 248,703,612 |
| Fund shares outstanding | 75,659,245 | 82,931,572 | 16,467,408 |
| Analysis of Net Assets | |||
| Paid in capital | $ 2,327,702,018 | $ 1,443,945,477 | $ 234,310,878 |
| Accumulated undistributed net realized gain (loss) on sale of investments, forward contracts and foreign currency exchange transactions | (358,898,002) | 138,991,711 | 10,885,853 |
| Net unrealized appreciation (depreciation) of investments | 31,363,487 | 187,214,980 | 3,506,881 |
| Net unrealized appreciation (depreciation) of foreign currency portfolio hedges |
0 | 0 | 0 |
| Net unrealized appreciation (depreciation)—other | 0 | 0 | 0 |
| Accumulated undistributed net investment income (loss) | 38,561,304 | 8,584,306 | 0 |
| Net assets applicable to Fund shares outstanding | $ 2,038,728,807 | $ 1,778,736,474 | $ 248,703,612 |
| Price of Shares | |||
| Net asset value per share: Class I | $26.95 | $21.45 | $15.10 |
| Class I—Net assets | $ 2,038,728,807 | $ 1,771,965,140 | $ 248,703,612 |
| Class I—Shares outstanding | 75,659,245 | 82,615,135 | 16,467,408 |
| Net asset value per share: Class II | $21.40 | ||
| Class II—Net assets | $6,771,334 | ||
| Class II—Shares outstanding | 316,437 | ||
| The Oakmark Equity and Income Fund |
The
Oakmark |
The
Oakmark |
The Oakmark International Small Cap Fund |
|
| Assets | ||||
| Investments, at value | $55,594,309 | $ 27,135,222 | $772,319,384 | $88,871,940 |
| (cost: 48,686,873) | (cost: 24,801,814) | (cost: 816,720,042) | (cost 96,182,393) | |
| Cash | 692 | 751 | 341 | 425 |
| Foreign currency, at value | 0 | 28 | 76 | 70 |
| Receivable for: | ||||
| Forward foreign currency contracts | 0 | 76,462 | 2,048,003 | 289,441 |
| Securities sold | 552,777 | 211,224 | 12,558,641 | 2,966,110 |
| Fund shares sold | 127,518 | 3,217 | 898,742 | 3,922 |
| Dividends and interest | 381,529 | 95,357 | 4,349,544 | 392,597 |
| Total receivables | 1,061,824 | 386,260 | 19,854,930 | 3,652,070 |
| Other assets | 1,370 | 10,706 | 29,368 | 7,147 |
| Total assets | $56,658,195 | $27,532,967 | $792,204,099 | $92,531,652 |
| Liabilities and Net Assets | ||||
| Options sold, at fair value | $0 | $0 | $0 | $0 |
| Payable for: | ||||
| Securities purchased | 1,463,121 | 215,752 | 8,428,894 | 1,819,092 |
| Fund shares redeemed | 158,960 | 0 | 350,885 | 170,404 |
| Forward foreign currency contracts | 0 | 0 | 38,795 | 7,014 |
| Other | 100,277 | 89,976 | 871,559 | 189,360 |
| Total liabilities | 1,722,358 | 305,728 | 9,690,133 | 2,185,870 |
| Net assets applicable to fund shares outstanding | $54,935,837 | $27,227,239 | $782,513,966 | $90,345,782 |
| Fund shares outstanding | 3,329,607 | 2,495,109 | 50,813,807 | 7,852,136 |
| Analysis of Net Assets | ||||
| Paid in capital | $ 42,415,052 | $ 24,526,429 | $ 773,453,511 | $ 89,764,601 |
| Accumulated undistributed net realized gain (loss) on sale of investments, forward contracts and foreign currency exchange transactions | 4,605,687 | 11,546 | 27,284,016 | 4,660,607 |
| Net unrealized appreciation (depreciation) of investments | 6,907,435 | 2,333,407 | (44,400,657) | (7,310,458) |
| Net unrealized appreciation (depreciation) of foreign currency portfolio hedges | 0 | 76,462 | 2,048,003 | 289,441 |
| Net unrealized appreciation (depreciation)—other | 0 | (1,515) | (180,240) | (25,686) |
| Accumulated undistributed net investment income (loss) | 1,007,663 | 280,910 | 24,309,333 | 2,967,277 |
| Net assets applicable to Fund shares outstanding | $54,935,837 | $27,227,239 | $782,513,966 | $90,345,782 |
| Price of Shares | ||||
| Net asset value per share: Class I | $16.50 | $10.91 | $15.40 | $11.51 |
| Class I—Net assets | $ 54,494,455 | $ 27,227,239 | $ 782,416,127 | $ 90,345,782 |
| Class I—Shares outstanding | 3,302,834 | 2,495,109 | 50,807,440 | 7,852,136 |
| Net asset value per share: Class II | $16.49 | $15.37 | ||
| Class II—Net assets | $441,382 | $97,839 | ||
| Class II—Shares outstanding | 26,773 | 6,367 | ||
See accompanying notes to financial statements.