THE OAKMARK FUNDS

Statements of Operations—March 31, 2006 (Unaudited)

 
The Oakmark
Fund
The Oakmark
Select
Fund
Investment Income:    
Dividends from unaffiliated securities $52,945,324 $56,778,616
Dividends from affiliated securities 0 4,129,900
Interest Income 6,254,843 9,275,859
Securities lending income 0 0
Other income 314,862 53,548
Foreign taxes withheld 0 0
 
Total investment income 59,515,029 70,237,923
Expenses:    
Investment advisory fee 26,589,658 25,941,445
Transfer and dividend disbursing agent fees 1,153,443 698,254
Other shareholder servicing fees 2,974,524 2,491,989
Service Fee—Class II 53,011 103,507
Reports to shareholders 783,523 544,849
Custody and accounting fees 358,248 325,656
Registration and blue sky expenses 0 73,547
Trustee fees 54,086 55,264
Deferred trustee compensation 83,788 85,583
Legal fees 130,364 131,702
Audit fees 27,760 26,793
Other 163,140 183,462
 
Total expenses 32,371,545 30,662,051
 
Net expenses 32,371,545 30,662,051
Net Investment Income: 27,143,484 39,575,872
Net realized and unrealized gain (loss) on investments and foreign currency transactions:    
Net realized gain on unaffiliated securities 192,095,058 543,516,664
Net realized gain on affiliated securities 0 0
Net realized gain on short sales 40,635 60,953
Net realized gain (loss) on foreign currency transactions (4,074) 0
Net change in unrealized appreciation (depreciation) of investments and foreign currencies 70,692,736 (155,588,873)
Net change in appreciation (depreciation)—other 0 0
Net realized and unrealized gain on investments and foreign currency transactions: 262,824,355 387,988,744
 
Net increase in net assets resulting from operations $289,967,839 $427,564,616
 

 
The Oakmark
Equity and
Income Fund
The Oakmark
Global
Fund
The Oakmark
International
Fund
The Oakmark
International
Small Cap Fund
Investment Income:        
Dividends from unaffiliated securities $38,712,576 $14,387,827 $52,694,530 $10,163,144
Dividends from affiliated securities 145,000 0 1,979,831 5,777,025
Interest Income 81,870,320 1,061,842 5,295,499 1,078,763
Securities lending income 1,446,203 36,609 208,494 231,022
Other income 150,342 5,148 15,451 0
Foreign taxes withheld (1,141,875) (785,803) (3,605,713) (1,008,559)
 
Total investment income 121,182,566 14,705,623 56,588,092 16,241,395
Expenses:        
Investment advisory fee 35,961,081 10,020,761 28,354,838 6,181,008
Transfer and dividend disbursing agent fees 746,889 259,919 480,242 86,296
Other shareholder servicing fees 4,962,889 715,046 2,345,625 315,185
Service Fee—Class II 754,530 80,807 480,898 298
Reports to shareholders 846,747 195,948 464,794 78,783
Custody and accounting fees 662,717 546,972 2,286,980 443,250
Registration and blue sky expenses 124,080 54,171 172,475 33,108
Trustee fees 75,486 35,709 56,609 30,860
Deferred trustee compensation 115,495 55,156 87,842 47,802
Legal fees 177,868 84,221 134,006 82,398
Audit fees 36,423 17,555 28,056 15,272
Other 267,097 99,056 187,297 78,653
 
Total expenses 44,731,302 12,165,321 35,079,662 7,392,913
 
Net expenses 44,731,302 12,165,321 35,079,662 7,392,913
Net Investment Income: 
 76,451,264 2,540,302 21,508,430 8,848,482
Net realized and unrealized gain (loss) on investments and foreign currency transactions:
        
Net realized gain on unaffiliated securities 237,800,388 174,480,866 525,478,926 90,670,929
Net realized gain on affiliated securities 0 0 16,861,904 1,938,735
Net realized gain on options written 0 0 0 0
Net realized gain (loss) on foreign currency transactions 262,833 6,680,879 85,546,229 13,790,409
Net change in unrealized appreciation (depreciation) of investments and foreign currencies (64,918,552) 20,278,951 139,329,071 76,211,966
Net change in appreciation (depreciation)—other (98,812) 43,348 520,238 15,132
Net realized and unrealized gain on investments and foreign currency transactions: 173,045,857 201,484,044 767,736,368 182,627,171
 
Net increase in net assets resulting from operations
$249,497,121
$204,024,346
$789,244,798
$191,475,653