Statement of Assets and Liabilities—September 30, 2001
| The Oakmark Fund |
The Oakmark Select Fund |
The Oakmark Small Cap Fund |
|
| Assets | |||
| Investments, at value | $3,028,216,950 | $4,172,964,280 | $257,747,655 |
| (cost: 2,870,723,403) |
(cost: 3,421,678,197) |
(cost: 264,716,479) |
|
| Cash | 45 | 518 | 83 |
| Foreign currency, at value | 0 | 0 | 0 |
| (cost: 0) | (cost: 0) | (cost: 0) | |
| Receivable for: | |||
| Securities sold | 88,230,109 | 17,323,567 | 6,525,606 |
| Fund shares sold | 11,162,232 | 14,378,904 | 1,269,441 |
| Dividends and interest | 4,921,945 | 2,533,189 | 88,015 |
| Total receivables | 104,314,286 | 34,235,660 | 7,883,062 |
| Other Assets | 165,445 | 38,625 | 20,224 |
| Total assets | $3,132,696,726 | $4,207,239,083 | $265,651,024 |
| Liabilities and Net Assets | |||
| Options sold, at fair value | $0 | $0 | $0 |
| (premiums received: 0) | (premiums received: 0) | (premiums received: 0) | |
| Cash overdraft | 0 | 0 | 0 |
| Payable for: | |||
| Securities purchased | 15,867,552 | 2,197,533 | 0 |
| Fund shares redeemed | 3,939,245 | 3,552,515 | 580,018 |
| Due to advisor | 2,735,792 | 3,322,104 | 257,615 |
| Other | 925,634 | 1,426,100 | 201,186 |
| Total liabilities | 23,468,223 | 10,498,252 | 1,038,819 |
| Net assets applicable to fund shares outstanding | $3,109,228,503 | $4,196,740,831 | $264,612,205 |
| Fund shares outstanding | 97,136,566 | 166,547,439 | 18,163,572 |
| Analysis of Net Assets | |||
| Paid in capital | $3,095,658,945 | $3,484,448,155 | $271,605,643 |
| Accumulated undistributed net realized gain (loss) of investments, forward contracts and foreign currency exchange transactions | (162,913,058) | (46,951,440) | (24,614) |
| Net unrealized appreciation (depreciation) of investments | 157,493,547 | 751,286,083 | (6,968,824) |
| Net unrealized appreciation (depreciation)—other | 0 | 0 | 0 |
| Accumulated undistributed net investment income (loss) | 18,989,069 | 7,958,033 | 0 |
| Net assets applicable to Fund shares outstanding | $3,109,228,503 | $4,196,740,831 | $264,612,205 |
| Price of Shares | |||
| Net asset value per share: Class I | $32.01 | $25.20 | $14.57 |
| Class I—Net assets | $3,109,120,815 | $4,161,366,347 | $264,612,205 |
| Class I—Shares outstanding | 97,133,198 | 165,134,650 | 18,163,572 |
| Net asset value per share: Class II | $31.97 | $25.10 | |
| Class II—Net assets | $107,688 | $35,374,484 | |
| Class II—Shares outstanding | 3,368 | 1,409,314 | |
| The Oakmark Equity and Income Fund |
The Oakmark Global Fund |
The Oakmark International Fund |
The Oakmark International Small Cap Fund |
|
| Assets | ||||
| Investments, at value | $630,746,981 | $47,985,708 | $736,757,588 | $119,068,034 |
| (cost: 628,940,601) |
(cost: 50,625,336) |
(cost: 899,182,267) |
(cost: 138,738,511) |
|
| Cash | 189 | 512 | 0 | 224 |
| Foreign currency, at value | 0 | 7 | 3,037,758 | 7,749 |
| (cost: 0) | (cost: 7) | (cost: 3,051,361) | (cost: 7,841) | |
| Receivable for: | ||||
| Securities sold | 20,633,736 | 777,574 | 7,753,065 | 272,134 |
| Fund shares sold | 9,548,344 | 143,994 | 1,923,427 | 3,162,341 |
| Dividends and interest | 3,560,729 | 41,915 | 2,356,226 | 278,127 |
| Total receivables | 33,742,809 | 963,483 | 12,032,718 | 3,712,602 |
| Other Assets | 2,385 | 24,771 | 53,328 | 3,123 |
| Total assets | $664,492,364 | $48,974,481 | $751,881,392 | $122,791,732 |
| Liabilities and Net Assets | ||||
| Options sold, at fair value | $0 | $69,250 | $0 | $0 |
| (premiums received: 0) | (premiums received: 141,020) | (premiums received: 0) | (premiums received: 0) | |
| Cash overdraft | 0 | 0 | 7,280 | 0 |
| Payable for: | ||||
| Securities purchased | 40,150,021 | 363,626 | 9,621,892 | 3,475,117 |
| Fund shares redeemed | 273,507 | 152,879 | 394,479 | 45,307 |
| Due to advisor | 378,821 | 47,943 | 728,601 | 128,642 |
| Other | 333,617 | 136,772 | 652,216 | 234,914 |
| Total liabilities | 41,135,967 | 770,470 | 11,404,468 | 3,883,980 |
| Net assets applicable to fund shares outstanding | $623,356,396 | $48,204,011 | $740,476,924 | $118,907,752 |
| Fund shares outstanding | 35,725,297 | 4,449,792 | 59,168,878 | 11,894,824 |
| Analysis of Net Assets | ||||
| Paid in capital | $614,648,633 | $49,569,174 | $907,829,486 | $135,724,166 |
| Accumulated undistributed net realized gain (loss) of investments, forward contracts and foreign currency exchange transactions | 1,896,893 | 1,361,553 | (14,827,551) | 928,412 |
| Net unrealized appreciation (depreciation) of investments | 1,806,380 | (2,567,858) | (162,438,282) | (19,670,569) |
| Net unrealized appreciation (depreciation)—other | 0 | 185 | (10,657) | 2,768 |
| Accumulated undistributed net investment income (loss) | 5,004,490 | (159,043) | 9,923,928 | 1,922,975 |
| Net assets applicable to Fund shares outstanding | $623,356,396 | $48,204,011 | $740,476,924 | $118,907,752 |
| Price of Shares | ||||
| Net asset value per share: Class I | $17.45 | $10.83 | $12.51 | $10.00 |
| Class I—Net assets | $620,066,215 | $48,204,011 | $738,536,696 | $118,870,993 |
| Class I—Shares outstanding | 35,536,256 | 4,449,792 | 59,013,340 | 11,891,136 |
| Net asset value per share: Class II | $17.40 | $12.47 | $9.97 | |
| Class II—Net assets | $3,290,181 | $1,940,228 | $36,759 | |
| Class II—Shares outstanding | 189,041 | 155,538 | 3,688 | |
See accompanying notes to financial statements.