N-30B-2 1 a2050791zn-30b_2.txt N-30B-2 Oakmark International Fund Class II Shares Cumulative Return: $10,000 Investment Average Annual Total Return Since Inception (11/04/99): 8.36% Total Return Last 12 months: 2.54% Total Return Last 3 months: -8.86% [GRAPH]
------------------------------------------------------------------------------------------- 31- 30- 31- 29- 31- 30- 31- Oct- Nov- Dec- 31-Jan- Feb- Mar- Apr- May- 30-Jun- 99 99 99 00 00 00 00 00 00 ----------------------------------------------------------------------------------------------------------------------------------- Oakmark International Class II Shares 10,000 9,825 10,596 10,286 9,991 10,567 10,366 10,632 11,303 ----------------------------------------------------------------------------------------------------------------------------------- MSCI WORLD EX U.S. 10,000 10,350 11,301 10,615 10,916 11,364 10,774 10,513 10,967 ----------------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------- 31- 30- 31- 30- 31- 28- 31- 31-Jul- Aug- Sep- Oct- Nov- Dec- 31-Jan- Feb- Mar- 00 00 00 00 00 00 01 01 01 ------------------------------------------------------------------------------------------------------------------------------------ Oakmark International Class II Shares 11,108 11,274 11,079 10,849 11,051 11,890 12,090 11,774 10,836 ------------------------------------------------------------------------------------------------------------------------------------ MSCI WORLD EX U.S. 10,548 10,686 10,132 9,856 9,459 9,790 9,816 9,041 8,417 ------------------------------------------------------------------------------------------------------------------------------------
Oakmark Select Fund Class II Shares Cumulative Return: $10,000 Investment Average Annual Total Return Since Inception (12/31/99): 16.18% Total Return Last 12 months: 27.48% Total Return Last 3 months: 10.63% [GRAPH]
---------------------------------------------------------------------------------------------- 31- 29- 31- 30- 31- 31- Dec- 31-Jan- Feb- Mar- Apr- May- 30-Jun- 31-Jul- Aug- 99 00 00 00 00 00 00 00 00 ------------------------------------------------------------------------------------------------------------------------------ Oakmark Select Class II Shares 10,000 9,457.1 9,549.4 10,885 10,847 10,939 10,309 10,651 11,520 ------------------------------------------------------------------------------------------------------------------------------ S&P 500 W/INC 10,000 9,497.6 9,317.8 10,229 9,921.6 9,718 9,957.6 9,801.9 10,411 ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------- 30- 31- 30- 31- 28- 31- Sep- Oct- Nov- Dec- 31-Jan- Feb- Mar- 00 00 00 00 01 01 01 --------------------------------------------------------------------------------------------------------- Oakmark Select Class II Shares 11,618 11,922 12,009 12,542 13,598 14,003 13,876 --------------------------------------------------------------------------------------------------------- S&P 500 W/INC 9,861.1 9,819.4 9,045.3 9,089.5 9,412 8,553.8 8,012 ---------------------------------------------------------------------------------------------------------
Oakmark Equity & Income Fund Class II Shares Cumulative Return: $10,000 Investment Total Return Since Inception (07/13/00): 15.63% [GRAPH]
------------------------------------------------------------------------------------------ 30- 31- 30- 30- 31- 31- 28- 31- Jun- 31-Jul- Aug- Sep- 31-Oct- Nov- Dec- Jan- Feb- Mar- 00 00 00 00 00 00 00 01 01 01 ----------------------------------------------------------------------------------------------------------------------------------- Oakmark Equity & Income Class II Shares 10,000 10,045 10,451 10,632 10,593 10,629 11,117 11,438 11,717 11,563 ----------------------------------------------------------------------------------------------------------------------------------- LIPPER BALANCED FUND 10,000 9,973 10,418 10,199 10,190 9,820 10,064 10,277 9,878 9,559 -----------------------------------------------------------------------------------------------------------------------------------