| Trustees Victor
A. Morgenstern—Chairman Officers Robert M. Levy—President |
Other Information Investment Adviser Harris Associates L.P. Two North LaSalle Street Chicago, Illinois 60602-3790 Transfer Agent Legal Counsel Independent Auditors For More Information: Website |
FORWARD-LOOKING STATEMENT DISCLOSURE
One of our most important responsibilities as mutual fund managers is to communicate with shareholders in an open and direct manner. We believe that well-informed shareholders are more likely to be patient shareholders. Our preference to share our thoughts and opinions also recognizes your right to understand our investment process. Some of our comments in our letters to shareholders are based on current management expectations and are considered "forward-looking statements". Actual future results, however, may prove to be different from our expectations. You can identify forward-looking statements by words such as "estimate", "may", "will", "expect", "believe", "plan" and other similar terms. We cannot promise future returns and our opinions are a reflection of our best judgment at the time this report is compiled.
The "forward looking statements" speak only as of the date of this report and we disclaim any obligation to update or alter forward-looking statements as a result of new information, future events, or otherwise. This report must be preceded or accompanied by a Prospectus. Please read the Prospectus carefully for a discussion of fees, expenses and risks. You may obtain a copy of the Prospectus by calling 1-800-625-6275 or by visiting our website (www.oakmark.com).
This report is submitted for the general information of the shareholders of the Funds. The report is not authorized for distribution to prospective investors in the Funds unless it is accompanied or preceded by a currently effective prospectus of the Funds.
No sales charge to the shareholder or to the new investor is made in offering the shares of the Funds.