| Trustees | Other Information |
| Gary N. Wilner, M.D.—Chairman | |
| Michael J. Friduss | Investment Adviser |
| Thomas H. Hayden | Harris Associates L.P. |
| Christine M. Maki | Two North LaSalle Street |
| John R. Raitt | Chicago, Illinois 60602-3790 |
| Allan J. Reich | |
| Steven S. Rogers | Transfer Agent |
| Marv R. Rotter | Boston Financial Data Services, Inc. |
| Burton W. Ruder | Quincy, Massachusetts |
| Peter S. Voss | |
| Legal Counsel | |
| Officers | Bell, Boyd & Lloyd LLC |
| John R. Raitt—President | Chicago, Illinois |
| Robert M. Levy—Executive Vice President | |
| Henry R. Berghoef—Vice President | Independent Registered Public |
| Chad M. Clark—Vice President | Accounting Firm |
| Kevin G. Grant—Vice President | Deloitte & Touche LLP |
| David G. Herro—Vice President | Chicago, Illinois |
| Clyde S. McGregor—Vice President | |
| William C. Nygren—Vice President | For More Information |
| Vineeta D. Raketich—Vice President | Please call 1-800-OAKMARK |
| Janet L. Reali—Vice President and Secretary | (1-800-625-6275) |
| Ann W. Regan—Vice President and Assistant Secretary | or 617-483-3250 |
| Kristi L. Rowsell—Vice President | |
| Edward A. Studzinski—Vice President | Website |
| Robert A. Taylor—Vice President | oakmark.com |
| Christopher P. Wright—Vice President | |
| John J. Kane—Treasurer |
To obtain a prospectus, an application or periodic reports, access our web site at oakmark.com, or call 1-800-OAKMARK (1-800-625-6275) or (617) 483-3250.
The Funds will file its complete schedule of portfolio holdings with the Securities and Exchange Commission ("SEC") for the first and third quarters of each fiscal year on Form N-Q. The Funds' Forms N-Q's are available on the SEC's website at www.sec.gov. The Funds' Forms N-Q may be reviewed and copied at the SEC's Public Reference Room in Washington, DC, and that information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.
A description of the policies and procedures the Funds use to determine how
to vote proxies relating to
portfolio securities is available without charge, upon request, by calling toll-free
1-800-625-6275; on the Funds' website at oakmark.com; and on the Securities
and Exchange Commission's website at www.sec.gov.
No later than August 31 of each year, information regarding how the Adviser, on behalf of the Funds, voted proxies relating to the Funds' portfolio securities for the twelve months ended the preceding June 30 will be available through a link on the Funds' website at oakmark.com and on the SEC's website at www.sec.gov.
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, however, a shareholder may incur a 2% redemption fee on an exchange or redemption of Class I shares held for 90 days or less from any Fund.