-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OGBxlbfhSUDAMbk+RLyy+qHv9TvXE8Irco97Ji3UvTGwBg8dWnRQ/oMnWmmP+EAm 1tbEPjd5h/uI/aznU6UMFg== 0000885980-00-000001.txt : 20000229 0000885980-00-000001.hdr.sgml : 20000229 ACCESSION NUMBER: 0000885980-00-000001 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 19991231 FILED AS OF DATE: 20000228 FILER: COMPANY DATA: COMPANY CONFORMED NAME: YACKTMAN FUND INC CENTRAL INDEX KEY: 0000885980 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 363831621 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: SEC FILE NUMBER: 811-06628 FILM NUMBER: 555835 BUSINESS ADDRESS: STREET 1: 303 W MADISON ST CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 3126412400 MAIL ADDRESS: STREET 1: 207 E BUFFALO ST STREET 2: STE 400 CITY: MILWAUKEE STATE: WI ZIP: 53202 NSAR-B 1 N-SAR (6.1) PAGE 1 000 B000000 12/31/1999 000 C000000 0000885980 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 THE YACKTMAN FUNDS, INC. 001 B000000 811-6628 001 C000000 3122011200 002 A000000 303 WEST MADISON STREET 002 B000000 CHICAGO 002 C000000 IL 002 D010000 60606 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 Y 007 B000000 2 007 C010100 1 007 C020100 THE YACKTMAN FUND 007 C030100 N 007 C010200 2 007 C020200 THE YACKTMAN FOCUSED FUND 007 C030200 N 007 C010300 3 007 C010400 4 007 C010500 5 007 C010600 6 007 C010700 7 007 C010800 8 007 C010900 9 007 C011000 10 008 A00AA01 YACKTMAN ASSET MANAGEMENT CO. 008 B00AA01 A 008 C00AA01 801-41058 008 D01AA01 CHICAGO 008 D02AA01 IL 008 D03AA01 60606 010 A00AA01 SUNSTONE FINANCIAL GROUP, INC. 010 B00AA01 84-5792 010 C01AA01 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GOLDMAN SACHS 020 B000009 13-5108880 020 C000009 4 020 A000010 SALOMON SMITH BARNEY 020 B000010 13-1912900 020 C000010 3 021 000000 386 022 A000001 FIRSTAR BANK 022 B000001 39-0711710 022 C000001 187530 022 D000001 102474 022 A000002 JEFFERIES & CO., INC. 022 B000002 95-2622900 PAGE 3 022 C000002 2235 022 D000002 20064 022 A000003 CLEARY, GULL, REILAND & MCDEVITT INC. 022 B000003 04-3414501 022 C000003 0 022 D000003 4957 022 A000004 WEEDEN & CO., LLP 022 B000004 13-3364318 022 C000004 0 022 D000004 2918 022 A000005 UMB BANK 022 C000005 0 022 D000005 29 022 C000006 0 022 D000006 0 022 C000007 0 022 D000007 0 022 C000008 0 022 D000008 0 022 C000009 0 022 D000009 0 022 C000010 0 022 D000010 0 023 C000000 189765 023 D000000 130443 024 00AA00 N 025 D00AA01 0 025 D00AA02 0 025 D00AA03 0 025 D00AA04 0 025 D00AA05 0 025 D00AA06 0 025 D00AA07 0 025 D00AA08 0 026 A000000 Y 026 B000000 Y 026 C000000 N 026 D000000 Y 026 E000000 N 026 F000000 N 026 G010000 N 026 G020000 N 026 H000000 Y 027 000000 Y 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0 042 G000100 0 042 H000100 0 043 000100 0 044 000100 0 045 000100 Y 046 000100 N 047 000100 Y 048 000100 0.000 048 A010100 500000 048 A020100 0.650 048 B010100 500000 048 B020100 0.600 048 C010100 0 048 C020100 0.000 048 D010100 0 048 D020100 0.000 048 E010100 0 048 E020100 0.000 048 F010100 0 048 F020100 0.000 048 G010100 0 048 G020100 0.000 048 H010100 0 048 H020100 0.000 048 I010100 0 048 I020100 0.000 048 J010100 0 PAGE 7 048 J020100 0.000 048 K010100 1000000 048 K020100 0.550 049 000100 N 050 000100 N 051 000100 N 052 000100 N 053 A000100 N 058 A000100 N 059 000100 Y 060 A000100 Y 060 B000100 Y 061 000100 500 070 A010100 N 070 A020100 N 070 B010100 N 070 B020100 N 070 C010100 N 070 C020100 N 070 D010100 N 070 D020100 N 070 E010100 N 070 E020100 N 070 F010100 N 070 F020100 N 070 G010100 N 070 G020100 N 070 H010100 N 070 H020100 N 070 I010100 N 070 I020100 N 070 J010100 Y 070 J020100 N 070 K010100 Y 070 K020100 N 070 L010100 Y 070 L020100 Y 070 M010100 Y 070 M020100 N 070 N010100 Y 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N000100 114067 074 O000100 0 074 P000100 0 074 Q000100 0 074 R010100 0 074 R020100 0 074 R030100 0 074 R040100 4637 074 S000100 0 074 T000100 109430 074 U010100 11636 074 U020100 0 074 V010100 9.40 074 V020100 0.00 074 W000100 0.0000 074 X000100 7991 074 Y000100 0 075 A000100 0 075 B000100 186191 076 000100 0.00 028 A010200 36 028 A020200 15 028 A030200 0 028 A040200 791 028 B010200 12 028 B020200 0 028 B030200 0 028 B040200 663 028 C010200 33 028 C020200 0 028 C030200 0 028 C040200 866 028 D010200 27 028 D020200 36 028 D030200 0 028 D040200 468 028 E010200 12 028 E020200 0 028 E030200 0 028 E040200 1292 028 F010200 83 028 F020200 37 028 F030200 0 028 F040200 743 028 G010200 203 028 G020200 88 028 G030200 0 028 G040200 4823 028 H000200 0 037 000200 N PAGE 10 038 000200 0 039 000200 N 040 000200 N 041 000200 N 042 A000200 0 042 B000200 0 042 C000200 0 042 D000200 0 042 E000200 0 042 F000200 0 042 G000200 0 042 H000200 0 043 000200 0 044 000200 0 045 000200 Y 046 000200 N 047 000200 Y 048 000200 1.000 048 A010200 0 048 A020200 0.000 048 B010200 0 048 B020200 0.000 048 C010200 0 048 C020200 0.000 048 D010200 0 048 D020200 0.000 048 E010200 0 048 E020200 0.000 048 F010200 0 048 F020200 0.000 048 G010200 0 048 G020200 0.000 048 H010200 0 048 H020200 0.000 048 I010200 0 048 I020200 0.000 048 J010200 0 048 J020200 0.000 048 K010200 0 048 K020200 0.000 049 000200 N 050 000200 N 051 000200 N 052 000200 N 053 A000200 Y 053 B000200 Y 053 C000200 N 058 A000200 N 059 000200 Y 060 A000200 N 060 B000200 N PAGE 11 061 000200 500 070 A010200 N 070 A020200 N 070 B010200 Y 070 B020200 Y 070 C010200 N 070 C020200 N 070 D010200 N 070 D020200 N 070 E010200 N 070 E020200 N 070 F010200 N 070 F020200 N 070 G010200 N 070 G020200 N 070 H010200 N 070 H020200 N 070 I010200 N 070 I020200 N 070 J010200 Y 070 J020200 Y 070 K010200 Y 070 K020200 N 070 L010200 Y 070 L020200 N 070 M010200 Y 070 M020200 N 070 N010200 Y 070 N020200 Y 070 O010200 Y 070 O020200 N 070 P010200 N 070 P020200 N 070 Q010200 N 070 Q020200 N 070 R010200 N 070 R020200 N 071 A000200 3498 071 B000200 13858 071 C000200 14166 071 D000200 25 072 A000200 12 072 B000200 104 072 C000200 211 072 D000200 0 072 E000200 1 072 F000200 163 072 G000200 50 072 H000200 0 072 I000200 2 072 J000200 5 PAGE 12 072 K000200 0 072 L000200 -33 072 M000200 1 072 N000200 35 072 O000200 0 072 P000200 0 072 Q000200 0 072 R000200 16 072 S000200 -47 072 T000200 0 072 U000200 0 072 V000200 0 072 W000200 3 072 X000200 195 072 Y000200 0 072 Z000200 121 072AA000200 2193 072BB000200 4929 072CC010200 0 072CC020200 1695 072DD010200 126 072DD020200 0 072EE000200 0 073 A010200 0.0874 073 A020200 0.0000 073 B000200 0.0204 073 C000200 0.0000 074 A000200 44 074 B000200 0 074 C000200 1187 074 D000200 0 074 E000200 225 074 F000200 7728 074 G000200 0 074 H000200 0 074 I000200 0 074 J000200 226 074 K000200 5 074 L000200 33 074 M000200 10 074 N000200 9458 074 O000200 0 074 P000200 0 074 Q000200 0 074 R010200 0 074 R020200 0 074 R030200 0 074 R040200 450 074 S000200 0 074 T000200 9008 074 U010200 1006 PAGE 13 074 U020200 0 074 V010200 8.96 074 V020200 0.00 074 W000200 0.0000 074 X000200 664 074 Y000200 0 075 A000200 0 075 B000200 14166 076 000200 0.00 SIGNATURE JON KIEKHOFER TITLE ADMINISTRATOR EX-99 2 Report of Independent Accountants To the Board of Directors and Shareholders of The Yacktman Funds, Inc. In planning and performing our audit of the financial statements of The Yacktman Fund and The Yacktman Focused Fund constituting The Yacktman Funds, Inc., hereafter referred to as the Funds for the year ended December 31, 1999, we considered their internal control, including control activities for safeguarding securities, in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, not to provide assurance on internal control. The management of the Funds is responsible for establishing and maintaining internal control. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. Generally, controls that are relevant to an audit pertain to the entity's objective of preparing financial statements for external purposes that are fairly presented in conformity with generally accepted accounting principles. Those controls include the safeguarding of assets against unauthorized acquisition, use or disposition. Because of inherent limitations in internal control, errors or fraud may occur and not be detected. Also, projection of any evaluation of internal control to future periods is subject to the risk that controls may become inadequate because of changes in conditions or that the effectiveness of their design and operation may deteriorate. Our consideration of internal control would not necessarily disclose all matters in internal control that might be material weaknesses under standards established by the American Institute of Certified Public Accountants. A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that misstatements caused by error or fraud in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. However, we noted no matters involving internal control and its operation, including controls for safeguarding securities, that we consider to be material weaknesses as defined above as of December 31, 1999. This report is intended solely for the information and use of the Board of Directors, management and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. January 28, 2000 EX-99 3 Exhibit to Accompany Item 77J b Form N-SAR The Yacktman Funds, Inc. the Funds According to the provisions of Statement of Position 93 - 2 SOP 93 - 2 Determination, Disclosure and Financial Statement Presentation of Income, Capital Gain and Return of Capital Distributions by Investment Companies, the Funds are required to report the accumulated net investment income loss and accumulated net capital gain loss accounts to approximate amounts available for future distributions on a tax basis or to offset future realized capital gains. Accordingly, at December 31, 1999 reclassifications were recorded to decrease increase undistributed net investment income by $227,732 and $387, decrease undistributed net realized gains losses by $1,146,188 and $0, and increase decrease capital stock by $1,373,920 and $387 for The Yacktman Fund and The Yacktman Focused Fund, respectively. This reclassification has no impact on the net asset value of the Fund and is designed to present the Funds capital account on a tax basis. EX-27 4
6 0000885980 THE YACKTMAN FUNDS, INC. 1 THE YACKTMAN FUND YEAR DEC-31-1999 JAN-01-1999 DEC-31-1999 99,424,692 106,593,782 3,152,905 4,320,020 0 114,066,707 0 0 4,636,607 4,636,607 0 102,244,801 11,635,723 26,489,936 15,968 0 241 0 7,169,090 109,430,100 2,960,617 142,491 11,023 (1,325,662) 1,788,469 2,125,339 (39,430,731) (35,516,923) 0 (1,544,769) (1,788,789) 0 3,769,743 18,951,365 327,409 (198,000,240) 0 809,879 0 0 1,218,012 0 1,356,571 186,191,073 11.61 .12 (2.07) (.10) (.16) 0 9.40 .72

EX-27 5
6 0000885980 THE YACKTMAN FUNDS, INC. 2 THE YACKTMAN FOCUSED FUND YEAR DEC-31-1999 JAN-01-1999 DEC-31-1999 10,462,931 8,960,103 264,147 233,879 0 9,458,129 225,000 0 224,639 449,639 0 13,970,387 1,005,622 2,359,438 37 0 (3,459,106) 0 (1,502,828) 9,008,490 210,209 104,077 1,115 (194,530) 120,871 (2,736,086) (1,694,652) (4,309,867) 0 (125,562) (20,480) 0 172,657 1,540,854 14,381 (18,398,836) 0 (702,540) 0 0 163,405 0 195,002 14,165,688 11.62 .09 (2.64) (.09) (.02) 0 8.96 1.19

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