N-30D/A 1 a2094184zn-30da.txt N-30D/A OAKMARK FUND CLASS II SHARES CUMULATIVE RETURN: $10,000 INVESTMENT TOTAL RETURN SINCE INCEPTION (04/05/01): -12.18% TOTAL RETURN LAST 12 MONTHS: -11.85% [CHART]
MAR-01 JUN-01 SEP-01 DEC-01 MAR-02 JUN-02 SEP-02 OAKMARK CLASS II SHARES 10,000 10,954 9,963 11,040 11,497 10,533 8,782 S&P 500 W/INC 10,000 10,585 9,032 9,997 10,024 8,681 7,181
THE GRAPH AND TABLE DO NOT REFLECT THE DEDUCTION OF TAXES THAT A SHAREHOLDER WOULD PAY ON FUND DISTRIBUTIONS OR THE REDEMPTION OF THE FUND SHARES. PAST PERFORMANCE IS NO GUARNATEE OF FUTURE RESULTS. INVESTMENT RETURN AND PRINCIPAL VALUE VARY, AND YOU MAY HAVE A GAIN OR LOSS WHEN YOU SELL SHARES. AVERAGE ANNUAL TOTAL RETURN MEASURES ANNUALIZED CHANGE WHILE TOTAL RETURN MEASURES AGGREGATE CHANGE. OAKMARK SELECT FUND CLASS II SHARES CUMULATIVE RETURN: $10,000 INVESTMENT TOTAL RETURN SINCE INCEPTION (12/31/99): 25.02% TOTAL RETURN LAST 12 MONTHS: -14.10% [CHART]
DEC-99 MAR-00 JUN-00 SEP-00 DEC-00 MAR-01 JUN-01 SEP-01 DEC-01 MAR-02 JUN-02 SEP-02 OAKMARK SELECT 10,000 10,885 10,309 11,618 12,542 13,876 15,140 14,554 15,755 16,137 14,821 12,502 CLASS II SHARES S&P 500 W/INC 10,000 9,867 10,290 11,024 9,578 9,058 9,204 7,662 8,481 8,504 7,365 6,835
THE GRAPH AND TABLE DO NOT REFLECT THE DEDUCTION OF TAXES THAT A SHAREHOLDER WOULD PAY ON FUND DISTRIBUTIONS OR THE REDEMPTION OF THE FUND SHARES. PAST PERFORMANCE IS NO GUARNATEE OF FUTURE RESULTS. INVESTMENT RETURN AND PRINCIPAL VALUE VARY, AND YOU MAY HAVE A GAIN OR LOSS WHEN YOU SELL SHARES. AVERAGE ANNUAL TOTAL RETURN MEASURES ANNUALIZED CHANGE WHILE TOTAL RETURN MEASURES AGGREGATE CHANGE. OAKMARK EQUITY & INCOME FUND CLASS II SHARES CUMULATIVE RETURN: $10,000 INVESTMENT TOTAL RETURN SINCE INCEPTION (07/13/00): 20.56% TOTAL RETURN LAST 12 MONTHS: -.60% [CHART]
JUN-00 SEP-00 DEC-00 MAR-01 JUN-01 SEP-01 DEC-01 MAR-02 JUN-02 SEP-02 OAKMARK EQUITY & 10,000 10,632 11,117 11,563 12,497 12,128 13,089 13,637 13,187 12,056 INCOME CLASS II SHARES LIPPER BALANCED 10,000 10,199 10,064 9,559 9,895 9,145 9,738 9,797 9,149 8,246 FUND
THE GRAPH AND TABLE DO NOT REFLECT THE DEDUCTION OF TAXES THAT A SHAREHOLDER WOULD PAY OR THE REDEMPTION OF THE FUND SHARES. PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS. INVESTMENT RETURN AND PRINCIPAL VALUE VARY, AND YOU MAY HAVE A GAIN OR LOSS WHEN YOU SELL SHARES. AVERAGE ANNUAL TOTAL RETURN MEASURES ANNUALIZED CHANGE WHILE TOTAL RETURN MEASURES AGGREGATE CHANGE. OAKMARK GLOBAL FUND CLASS II SHARES CUMULATIVE RETURN: $10,000 INVESTMENT TOTAL RETURN SINCE INCEPTION (10/10/01): 2.31% [CHART]
SEP-01 OCT-01 NOV-01 DEC-01 JAN-02 FEB-02 MAR-02 APR-02 MAY-02 JUN-02 JUL-02 AUG-02 SEP-02 OAKMARK GLOBAL 10,000 10,240 11,514 12,060 12,315 12,278 13,362 13,416 13,626 12,451 11,396 11,559 10,231 CLASS II SHARES MSCI WORLD 10,000 10,191 10,792 10,859 10,529 10,436 10,896 10,526 10,543 9,902 9,066 9,082 8,082
THE GRAPH AND TABLE DO NOT REFLECT THE DEDUCTION OF TAXES THAT A SHAREHOLDER WOULD PAY ON FUND DISTRIBUTIONS OR THE REDEMPTION OF THE FUND SHARES. PAST PERFORMANCE IS NO GUARNATEE OF FUTURE RESULTS. INVESTMENT RETURN AND PRINCIPAL VALUE VARY, AND YOU MAY HAVE A GAIN OR LOSS WHEN YOU SELL SHARES. AVERAGE ANNUAL TOTAL RETURN MEASURES ANNUALIZED CHANGE WHILE TOTAL RETURN MEASURES AGGREGATE CHANGE. OAKMARK INTERNATIONAL FUND CLASS II SHARES CUMULATIVE RETURN: $10,000 INVESTMENT TOTAL RETURN SINCE INCEPTION (11/04/99): -5.79% TOTAL RETURN LAST 12 MONTHS: -1.76% [CHART]
SEP-99 DEC-99 MAR-00 JUN-00 SEP-00 DEC-00 MAR-01 JUN-01 SEP-01 DEC-01 MAR-02 JUN-02 SEP-02 OAKMARK 10,000 10,596 10,567 11,303 11,079 11,890 10,836 11,905 9,590 11,245 12,525 12,230 9,421 INTERNATIONAL CLASS II SHARES MSCI WORLD 10,000 11,291 11,353 10,977 10,139 9,781 8,412 8,346 7,175 7,688 7,732 7,559 6,076 EX U.S.
THE GRAPH AND TABLE DO NOT REFLECT THE DEDUCTION OF TAXES THAT A SHAREHOLDER WOULD PAY ON FUND DISTRIBUTIONS OR THE REDEMPTION OF THE FUND SHARES. PAST PERFORMANCE IS NO GUARNATEE OF FUTURE RESULTS. INVESTMENT RETURN AND PRINCIPAL VALUE VARY, AND YOU MAY HAVE A GAIN OR LOSS WHEN YOU SELL SHARES. AVERAGE ANNUAL TOTAL RETURN MEASURES ANNUALIZED CHANGE WHILE TOTAL RETURN MEASURES AGGREGATE CHANGE. OAKMARK INTERNATIONAL SMALL CAP FUND CLASS II SHARES CUMULATIVE RETURN: $10,000 INVESTMENT TOTAL RETURN SINCE INCEPTION (01/08/01): -3.14% TOTAL RETURN LAST 12 MONTHS: 4.25% [CHART]
DEC-00 MAR-01 JUN-01 SEP-01 DEC-01 MAR-02 JUN-02 SEP-02 OAKMARK INTERNATIONAL 10,000 10,140 10,494 9,292 11,062 12,180 12,466 9,686 SMALL CAP CLASS II SHARES MSCI WORLD EX U.S. 10,000 8,599 8,532 7,335 7,860 8,056 7,728 6,212
THE GRAPH AND TABLE DO NOT REFLECT THE DEDUCTION OF TAXES THAT A SHAREHOLDER WOULD PAY ON FUND DISTRIBUTIONS OR THE REDEMPTION OF THE FUND SHARES. PAST PERFORMANCE IS NO GUARNATEE OF FUTURE RESULTS. INVESTMENT RETURN AND PRINCIPAL VALUE VARY, AND YOU MAY HAVE A GAIN OR LOSS WHEN YOU SELL SHARES. AVERAGE ANNUAL TOTAL RETURN MEASURES ANNUALIZED CHANGE WHILE TOTAL RETURN MEASURES AGGREGATE CHANGE.