THE OAKMARK FAMILY OF FUNDS

Statement of Changes in Net Assets—March 31, 2001


The Oakmark Fund
 
Period Ended
March 31, 2001		 Year Ended
September 30, 2000
From Operations:
Net investment income $9,823,300 $39,618,068
Net realized gain (loss) on sale of investments 47,001,766 (358,898,002)
Net change in unrealized appreciation (depreciation) of investments and foreign currencies 355,524,610 (135,635,885)
Net increase (decrease) in net assets from operations 412,349,676 (454,915,819)
Distribution to shareholders from (1):
Net investment income (28,565,025) (32,700,105)
Net realized short-term gain 0 (100,782,239)
Net realized long-term gain 0 (487,248,675)
Total distributions to shareholders (28,565,025) (620,731,019)
From Fund share transactions:
Proceeds from shares sold 496,942,654 290,642,873
Reinvestment of dividends and capital gain distributions 27,793,631 603,462,527
Payments for shares redeemed, net of fees (418,181,491) (2,552,562,124)
Net increase (decrease) in net assets from Fund share transactions 106,554,794 (1,658,456,724)
Total increase (decrease) in net assets 490,339,445 (2,734,103,562)
Net assets:
Beginning of period 2,038,728,807 4,772,832,369
End of period $2,529,068,252 $2,038,728,807
Undistributed net investment income $9,396,326 $38,561,304
(1) Distributions per share:
Net investment income $0.3872 $0.2632
Net realized short-term gain 0 0.8111
Net realized long-term gain 0 3.9217
Total distributions to shareholders $0.3872 $4.9960

 


The Oakmark
Select Fund
 
Period Ended
March 31, 2001		 Year Ended
September 30, 2000
From Operations:
Net investment income $4,450,198 $12,054,873
Net realized gain (loss) on sale of investments (62,842,619) 161,052,611
Net change in unrealized appreciation (depreciation) of investments and foreign currencies 446,744,173 159,978,754
Net increase (decrease) in net assets from operations 388,351,752 333,086,238
Distribution to shareholders from (1):
Net investment income — Class I (7,393,194) (14,709,648)
Net investment income — Class II (21,607) 0
Net realized short-term gain (23,966,532) (8,341,169)
Net realized long-term gain (93,493,183) (268,872,301)
Total distributions to shareholders (124,874,516) (291,923,118)
From Fund share transactions:
Proceeds from shares sold — Class I 1,085,904,181 628,490,960
Proceeds from shares sold — Class II 11,850,186 7,021,801
Reinvestment of dividends and capital gain distributions 121,465,765 287,179,516
Payments for shares redeemed, net of fees — Class I (170,421,864) (823,014,435)
Payments for shares redeemed, net of fees — Class II (1,652,590) (1,013,300)
Net increase (decrease) in net assets from Fund share transactions 1,047,145,678 98,664,542
Total increase (decrease) in net assets 1,310,622,914 139,827,662
Net assets:
Beginning of period 1,778,736,474 1,638,908,812
End of period $3,089,359,388 $1,778,736,474
Undistributed net investment income $4,237,178 $8,584,306
(1) Distributions per share — Class I:
Net investment income $0.0861 $0.1972
Net realized short-term gain 0.2779 0.1118
Net realized long-term gain 1.0832 3.6040
Total distributions to shareholders $1.4472 $3.9130
Distributions per share — Class II:
Net investment income $0.0593
Net realized short-term gain 0.2667
Net realized long-term gain 1.0732
Total distributions to shareholders $1.3992

 


The Oakmark
Small Cap Fund
 
Period Ended
March 31, 2001		 Year Ended
September 30, 2000
From Operations:
Net investment income (loss) $(305,172) $(1,173,696)
Net realized gain (loss) on sale of investments 9,261,621 25,233,378
Net change in unrealized appreciation (depreciation) of investments and foreign currencies (15,410,934) (12,748,906)
Net increase (decrease) in net assets from operations (6,454,485) 11,310,776
Distribution to shareholders from (1):
Net investment income 0 0
Net realized short-term gain 0 0
Net realized long-term gain (8,165,107) 0
Total distributions to shareholders (8,165,107) 0
From Fund share transactions:
Proceeds from shares sold 45,640,929 51,615,294
Reinvestment of dividends and capital gain distributions 8,045,937 0
Payments for shares redeemed, net of fees (56,631,138) (251,361,737)
Net increase (decrease) in net assets from Fund share transactions (2,944,272) (199,746,443)
Total increase (decrease) in net assets (17,563,864) (188,435,667)
Net assets:
Beginning of period 248,703,612 437,139,279
End of period $231,139,748 $248,703,612
Undistributed net investment income $0 $0
(1) Distributions per share:
Net investment income $0 $0
Net realized short-term gain 0 0
Net realized long-term gain 0.5102 0
Total distributions to shareholders $0.5102 $0

 


The Oakmark
Equity and Income Fund
 
Period Ended
March 31, 2001		 Year Ended
September 30, 2000
From Operations:
Net investment income $1,378,126 $1,666,618
Net realized gain (loss) on sale of investments 2,086,298 4,310,645
Net realized gain (loss) on foreign currency transactions (518) (645)
Net change in unrealized appreciation (depreciation) of investments and foreign currencies 2,168,174 3,084,969
Net change in unrealized appreciation (depreciation)—other 0 159
Net increase (decrease) in net assets from operations 5,632,080 9,061,746
Distribution to shareholders from (1):
Net investment income — Class I (897,529) (1,718,499)
Net investment income — Class II (7,433) 0
Net realized short-term gain 0 0
Net realized long-term gain (3,733,470) (5,192,802)
Total distributions to shareholders (4,638,432) (6,911,301)
From Fund share transactions:
Proceeds from shares sold — Class I 137,311,176 11,520,117
Proceeds from shares sold — Class II 407,339 418,255
Reinvestment of dividends and capital gain distributions 4,457,698 6,650,712
Payments for shares redeemed, net of fees — Class I (36,133,030) (26,121,233)
Payments for shares redeemed, net of fees — Class II (15,602) (50)
Net increase (decrease) in net assets from Fund share transactions 106,027,581 (7,532,199)
Total increase (decrease) in net assets 107,021,229 (5,381,754)
Net assets:
Beginning of period 54,935,837 60,317,591
End of period $161,957,066 $54,935,837
Undistributed net investment income $1,279,874 $1,007,663
(1) Distributions per share — Class I:
Net investment income $0.2427 $0.4509
Net realized short-term gain 0 0
Net realized long-term gain 1.0013 1.3625
Total distributions to shareholders $1.2440 $1.8134
Distributions per share — Class II:
Net investment income $0.2368
Net realized short-term gain 0
Net realized long-term gain 0.9967
Total distributions to shareholders $1.2335

 


The Oakmark
Global Fund
 
Period Ended
March 31, 2001		 Year Ended
September 30, 2000
From Operations:
Net investment income $76,554 $146,742
Net realized gain (loss) on sale of investments 674,807 96,088
Net realized gain (loss) on foreign currency transactions 85,631 132,840
Net change in unrealized appreciation (depreciation) of investments and foreign currencies (161,412) 4,122,450
Net change in unrealized appreciation (depreciation) of forward currency exchange contracts (76,462) 81,181
Net change in unrealized appreciation (depreciation)—other (100) (1,568)
Net increase (decrease) in net assets from operations 599,018 4,577,733
Distribution to shareholders from (1):
Net investment income (435,138) (29,834)
Net realized short-term gain (92,927) 0
Net realized long-term gain (37,007) 0
Total distributions to shareholders (565,072) (29,834)
From Fund share transactions:
Proceeds from shares sold 15,749,046 12,896,002
Reinvestment of dividends and capital gain distributions 560,498 28,883
Payments for shares redeemed, net of fees (6,289,442) (14,198,899)
Net increase (decrease) in net assets from Fund share transactions 10,020,102 (1,274,014)
Total increase (decrease) in net assets 10,054,048 3,273,885
Net assets:
Beginning of period 27,227,239 23,953,354
End of period $37,281,287 $27,227,239
Undistributed net investment income $0 $280,910
(1) Distributions per share:
Net investment income $0.1742 $0.0098
Net realized short-term gain 0.0372 0
Net realized long-term gain 0.0145 0
Total distributions to shareholders $0.2259 $0.0098

 


The Oakmark
International Fund
 
Period Ended
March 31, 2001		 Year Ended
September 30, 2000
From Operations:
Net investment income $5,087,728 $14,664,615
Net realized gain (loss) on sale of investments 7,912,605 60,562,992
Net realized gain (loss) on foreign currency transactions 2,746,119 10,609,055
Net change in unrealized appreciation (depreciation) of investments and foreign currencies (33,800,440) 13,902,115
Net change in unrealized appreciation (depreciation) of forward currency exchange contracts (2,048,003) 2,556,178
Net change in unrealized appreciation (depreciation)—other 45,753 (111,145)
Net increase (decrease) in net assets from operations (20,056,238) 102,183,810
Distribution to shareholders from (1):
Net investment income — Class I (24,851,611) (27,231,383)
Net investment income — Class II (3,245) (1,053)
Net realized short-term gain (16,422,539) 0
Net realized long-term gain (8,281,127) 0
Total distributions to shareholders (49,558,522) (27,232,436)
From Fund share transactions:
Proceeds from shares sold — Class I 125,885,443 172,133,473
Proceeds from shares sold — Class II 121,312 143,284
Reinvestment of dividends and capital gain distributions 47,893,259 26,258,587
Payments for shares redeemed, net of fees — Class I (105,790,680) (302,066,042)
Payments for shares redeemed, net of fees — Class II (18,175) (48,697)
Net increase (decrease) in net assets from Fund share transactions 68,091,159 (103,579,395)
Total increase (decrease) in net assets (1,523,601) (28,628,021)
Net assets:
Beginning of period 782,513,966 811,141,987
End of period $780,990,365 $782,513,966
Undistributed net investment income $3,172,122 $24,309,333
(1) Distributions per share — Class I:
Net investment income $0.5074 $0.4861
Net realized short-term gain 0.3353 0
Net realized long-term gain 0.1690 0
Total distributions to shareholders $1.0117 $0.4861
Distributions per share — Class II:
Net investment income $0.4869
Net realized short-term gain 0.3217
Net realized long-term gain 0.1621
Total distributions to shareholders $0.9707

 


The Oakmark International
Small Cap Fund
 
Period Ended
March 31, 2001		 Year Ended
September 30, 2000
From Operations:
Net investment income $411,940 $2,268,614
Net realized gain (loss) on sale of investments 1,268,875 4,863,798
Net realized gain (loss) on foreign currency transactions 671,822 991,046
Net change in unrealized appreciation (depreciation) of investments and foreign currencies (552,884) (13,182,275)
Net change in unrealized appreciation (depreciation) of forward currency exchange contracts (289,441) 281,817
Net change in unrealized appreciation (depreciation)—other 8,866 (28,709)
Net increase (decrease) in net assets from operations 1,519,178 (4,805,709)
Distribution to shareholders from (1):
Net investment income (2,566,081) (1,252,257)
Net realized short-term gain 0 (3,278,736)
Net realized long-term gain (3,663,066) (3,226,904)
Total distributions to shareholders (6,229,147) (7,757,897)
From Fund share transactions:
Proceeds from shares sold — Class I 20,628,332 39,669,014
Proceeds from shares sold — Class II 29,972
Reinvestment of dividends and capital gain distributions 6,071,794 7,637,609
Payments for shares redeemed, net of fees (15,682,944) (99,763,438)
Net increase (decrease) in net assets from Fund share transactions 11,047,154 (52,456,815)
Total increase (decrease) in net assets 6,337,185 (65,020,421)
Net assets:
Beginning of period 90,345,783 155,366,203
End of period $96,682,968 $90,345,782
Undistributed net investment income $570,852 $2,967,277
(1) Distributions per share:
Net investment income $0.3402 $0.1135
Net realized short-term gain 0 0.2972
Net realized long-term gain 0.4853 0.2923
Total distributions to shareholders $0.8255 $0.7030