Statement of Changes in Net Assets—September 30, 2001
The Oakmark Fund |
||
| Year Ended |
Year Ended |
|
| From Operations: | ||
| Net investment income | $19,416,042 | $39,618,068 |
| Net realized gain (loss) on investments | 195,984,944 | (358,898,002) |
| Net change in unrealized appreciation (depreciation) of investments and foreign currencies | 126,130,060 | (135,635,885) |
| Net increase (decrease) in net assets from operations | 341,531,046 | (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 distribution to shareholders | (28,565,025) | (620,731,019) |
| From Fund share transactions: | ||
| Proceeds from shares sold—Class I | 1,499,450,622 | 290,642,873 |
| Proceeds from shares sold—Class II | 122,635 | 0 |
| Reinvestment of dividends and capital gain distributions | 27,842,716 | 603,462,527 |
| Payments for shares redeemed, net of fees—Class I | (769,874,783) | (2,552,562,124) |
| Payments for shares redeemed, net of fees—Class II | (7,515) | 0 |
| Net increase (decrease) in net assets from Fund share transactions | 757,533,675 | (1,658,456,724) |
| Total increase (decrease) in net assets | 1,070,499,696 | (2,734,103,562) |
| Net assets: | ||
| Beginning of period | 2,038,728,807 | 4,772,832,369 |
| End of period | $3,109,228,503 | $2,038,728,807 |
| Undistributed net investment income | $18,989,069 | $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 |
See accompanying notes to financial statements.
The Oakmark Select Fund |
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| Year Ended |
Year Ended |
|
| From Operations: | ||
| Net investment income | $8,224,650 | $12,054,873 |
| Net realized gain (loss) on investments | (46,951,440) | 161,052,611 |
| Net change in unrealized appreciation (depreciation) of investments and foreign currencies | 564,071,103 | 159,978,754 |
| Net increase (decrease) in net assets from operations | 525,344,313 | 333,086,238 |
| Distribution to shareholders from (1): | ||
| Net investment income—Class I | (7,393,194) | (14,709,648) |
| Net investment income—Class II | (21,608) | 0 |
| Net realized short-term gain | (23,966,532) | (8,341,169) |
| Net realized long-term gain | (93,492,833) | (268,872,301) |
| Total distribution to shareholders | (124,874,167) | (291,923,118) |
| From Fund share transactions: | ||
| Proceeds from shares sold—Class I | 2,438,122,791 | 628,490,960 |
| Proceeds from shares sold—Class II | 33,209,296 | 7,021,801 |
| Reinvestment of dividends and capital gain distributions | 121,465,993 | 287,179,516 |
| Payments for shares redeemed, net of fees—Class I | (569,095,434) | (823,014,435) |
| Payments for shares redeemed, net of fees—Class II | (6,168,435) | (1,013,300) |
| Net increase (decrease) in net assets from Fund share transactions | 2,017,534,211 | 98,664,542 |
| Total increase (decrease) in net assets | 2,418,004,357 | 139,827,662 |
| Net assets: | ||
| Beginning of period | 1,778,736,474 | 1,638,908,812 |
| End of period | $4,196,740,831 | $1,778,736,474 |
| Undistributed net investment income | $7,958,033 | $8,584,306 |
| (1) Distributions per share: | ||
| 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 |
See accompanying notes to financial statements.
The Oakmark Small Cap Fund |
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| Year Ended |
Year Ended |
|
| From Operations: | ||
| Net investment income (loss) | $(710,637) | $(1,173,696) |
| Net realized gain (loss) on investments | 1,334,090 | 25,233,378 |
| Net change in unrealized appreciation (depreciation) of investments and foreign currencies | (10,475,705) | (12,748,906) |
| Net increase (decrease) in net assets from operations | (9,852,252) | 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 | (8,165,109) | 0 |
| Total distribution to shareholders | (8,165,109) | 0 |
| From Fund share transactions: | ||
| Proceeds from shares sold | 133,704,823 | 51,615,294 |
| Reinvestment of dividends and capital gain distributions | 8,045,937 | 0 |
| Payments for shares redeemed, net of fees | (107,824,806) | (251,361,737) |
| Net increase (decrease) in net assets from Fund share transactions | 33,925,954 | (199,746,443) |
| Total increase (decrease) in net assets | 15,908,593 | (188,435,667) |
| Net assets: | ||
| Beginning of period | 248,703,612 | 437,139,279 |
| End of period | $264,612,205 | $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 |
See accompanying notes to financial statements.
The Oakmark Equity and Income Fund |
||
| Year Ended |
Year Ended |
|
| From Operations: | ||
| Net investment income | $5,055,874 | $1,666,618 |
| Net realized gain (loss) on investments | 1,909,621 | 4,310,645 |
| Net realized gain (loss) on foreign currency transactions | (518) | (645) |
| Net change in unrealized appreciation (depreciation) of investments and foreign currencies | (5,101,055) | 3,084,969 |
| Net change in unrealized appreciation (depreciation)—other | 0 | 159 |
| Net increase (decrease) in net assets from operations | 1,863,922 | 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 distribution to shareholders | (4,638,432) | (6,911,301) |
| From Fund share transactions: | ||
| Proceeds from shares sold—Class I | 682,515,057 | 11,520,117 |
| Proceeds from shares sold—Class II | 2,887,484 | 418,255 |
| Reinvestment of dividends and capital gain distributions | 4,457,698 | 6,650,712 |
| Payments for shares redeemed, net of fees—Class I | (118,553,446) | (26,121,233) |
| Payments for shares redeemed, net of fees—Class II | (111,704) | (50) |
| Net increase (decrease) in net assets from Fund share transactions | 571,195,069 | (7,532,199) |
| Total increase (decrease) in net assets | 568,420,559 | (5,381,754) |
| Net assets: | ||
| Beginning of period | 54,935,837 | 60,317,591 |
| End of period | $623,356,396 | $54,935,837 |
| Undistributed net investment income | $5,004,490 | $1,007,663 |
| (1) Distributions per share: | ||
| 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 |
See accompanying notes to financial statements.
The Oakmark Global Fund |
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| Year Ended |
Period Ended |
|
| From Operations: | ||
| Net investment income | $(55) | $146,742 |
| Net realized gain (loss) on investments | 1,479,943 | 96,088 |
| Net realized gain (loss) on foreign currency transactions | 71,444 | 132,840 |
| Net change in unrealized appreciation (depreciation) of investments and foreign currencies | (4,901,265) | 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 | 1,700 | (1,568) |
| Net increase (decrease) in net assets from operations | (3,424,695) | 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 distribution to shareholders | (565,072) | (29,834) |
| From Fund share transactions: | ||
| Proceeds from shares sold | 42,948,303 | 12,896,002 |
| Reinvestment of dividends and capital gain distributions | 560,498 | 28,883 |
| Payments for shares redeemed, net of fees | (18,542,262) | (14,198,899) |
| Net increase (decrease) in net assets from Fund share transactions | 24,966,539 | (1,274,014) |
| Total increase (decrease) in net assets | 20,976,772 | 3,273,885 |
| Net assets: | ||
| Beginning of period | 27,227,239 | 23,953,354 |
| End of period | $48,204,011 | $27,227,239 |
| Undistributed (Distribution in excess of) net investment income | $(159,043) | $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 |
See accompanying notes to financial statements.
The Oakmark International Fund |
||
| Year Ended |
Year Ended |
|
| From Operations: | ||
| Net investment income | $11,508,911 | $14,664,615 |
| Net realized gain (loss) on investments | (13,334,222) | 60,562,992 |
| Net realized gain (loss) on foreign currency transactions | 2,323,657 | 10,609,055 |
| Net change in unrealized appreciation (depreciation) of investments and foreign currencies | (118,037,625) | 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 | 169,583 | (111,145) |
| Net increase (decrease) in net assets from operations | (119,417,699) | 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 distribution to shareholders | (49,558,522) | (27,232,436) |
| From Fund share transactions: | ||
| Proceeds from shares sold—Class I | 282,295,504 | 172,133,473 |
| Proceeds from shares sold—Class II | 2,588,328 | 143,284 |
| Reinvestment of dividends and capital gain distributions | 47,893,421 | 26,258,587 |
| Payments for shares redeemed, net of fees—Class I | (205,510,100) | (302,066,042) |
| Payments for shares redeemed, net of fees—Class II | (327,974) | (48,697) |
| Net increase (decrease) in net assets from Fund share transactions | 126,939,179 | (103,579,395) |
| Total increase (decrease) in net assets | (42,037,042) | (28,628,021) |
| Net assets: | ||
| Beginning of period | 782,513,966 | 811,141,987 |
| End of period | $740,476,924 | $782,513,966 |
| Undistributed net investment income | $9,923,928 | $24,309,333 |
| (1) Distributions per share: | ||
| 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 |
See accompanying notes to financial statements.
The Oakmark International Small Cap Fund |
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| Year Ended |
Year Ended |
|
| From Operations: | ||
| Net investment income | $1,844,218 | $2,268,614 |
| Net realized gain (loss) on investments | 1,136,757 | 4,863,798 |
| Net realized gain (loss) on foreign currency transactions | 591,541 | 991,046 |
| Net change in unrealized appreciation (depreciation) of investments and foreign currencies | (12,360,111) | (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 | 28,453 | (28,709) |
| Net increase (decrease) in net assets from operations | (9,048,583) | (4,805,709) |
| Distribution to shareholders from (1): | ||
| Net investment income | (2,566,080) | (1,252,257) |
| Net realized short-term gain | 0 | (3,278,736) |
| Net realized long-term gain | (3,663,064) | (3,226,904) |
| Total distribution to shareholders | (6,229,144) | (7,757,897) |
| From Fund share transactions: | ||
| Proceeds from shares sold—Class I | 72,931,617 | 39,669,014 |
| Proceeds from shares sold—Class II | 39,964 | 0 |
| Reinvestment of dividends and capital gain distributions | 6,071,794 | 7,637,609 |
| Payments for shares redeemed, net of fees—Class I | (35,203,678) | (99,763,438) |
| Payments for shares redeemed, net of fees—Class II | 0 | 0 |
| Net increase (decrease) in net assets from Fund share transactions | 43,839,697 | (52,456,815) |
| Total increase (decrease) in net assets | 28,561,970 | (65,020,421) |
| Net assets: | ||
| Beginning of period | 90,345,782 | 155,366,203 |
| End of period | $118,907,752 | $90,345,782 |
| Undistributed net investment income | $1,922,975 | $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 |
See accompanying notes to financial statements.