40-24B2 1 yacktman_4024b2.htm SALES LITERATURE yacktman_4024b2.htm
 As of
August 31, 2008
 
 Fund Goals
 
The Yacktman Fund seeks long-term capital appreciation and, to a lesser extent, current income.
 
 
Principal Investment Strategies
 
The Yacktman Fund mainly invests in common stocks of United States companies, some, but not all of which, pay dividends. The investment adviser employs a disciplined investment strategy. We buy growth companies of any size at what we believe to be low prices.  We think this approach combines the best features of “growth” and “value” investing. The Yacktman Fund sells companies that no longer meet its investment criteria, or if better investment opportunities are available.
 
 
Top 10 Holdings (8/31/2008)
 
Fund Facts (8/31/2008)
Coca-Cola Co.
11.0
  
Ticker Symbol
YACKX
PepsiCo Inc.
9.1
  
Inception Date
6-Jul-92
Microsoft Corp.
7.9
  
Expense Ratio (12 Months)
0.974%
AmeriCredit Corp.
6.1
  
Total Net Assets
$270 MM
Lancaster Colony Corp.
4.9
  
Net Asset Value
$12.38
Procter & Gamble Co.
4.9
  
# of Stock Holdings
31
Ebay Inc.
4.4
  
Minimum Investment
$2,500
Clorox Co.
3.5
  
Turnover (2007)
23.9%
Johnson & Johnson
3.4
  
Beta
.82
Pfizer Inc.
3.2
  
Weighted Avg. Mkt. Cap
$97.2 B
 
 
 
Sector Analysis
 
 
 
Portfolio Managers
 
 
Donald Yacktman
 
Mr. Yacktman is President and Co-Chief Investment Officer of Yacktman Asset Management Co. He is also Co-Manager for The Yacktman Funds. Mr. Yacktman previously served for ten years as Senior Portfolio Manager at Selected Financial Services, Inc. During that time, he During also served for nine years as the Portfolio Manager of the Selected American Shares mutual fund and was named Portfolio Manager of The Year by Morningstar in 1991. He joined Selected Financial Services, Inc. in 1982 from Stein Roe & Farnham where he had been a portfolio manager since 1968. Mr. Yacktman holds a B.S. Magna Cum Laude in economics from The University of Utah and an MBA with distinction from Harvard University.
 
 
Stephen Yacktman
 
Mr. Yacktman serves as Vice President, Portfolio Manager and Co-Chief Investment Officer of Yacktman Asset Mgmt. Co. He is also Co-Manager for The Yacktman Funds. He joined Yacktman Asset Management in April 1992 from Brigham Young University where he earned earned his B.S. in economics with a minor in math and an MBA.
 
 
Important Information
 
Mutual fund investing involves risk.  Principle loss is possible. Past performance does not guarantee future results.  The investment return and principle value of the Funds will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. The fund's investment objectives, risk, charges and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company and may be obtained by calling 1-800-525-8585, or visiting www.yacktman.com. Read it carefully before investing.
Some information has been obtained from 3rd party sources believed to be reliable but the accuracy of the information cannot be guaranteed.  There are no assurances that the current portfolio
composition will remain representative of the Fund’s future portfolio composition.
 
The Yacktman Funds, Inc.
6300 Bridgepoint Parkway, Building One, Suite 320, Austin, Texas, 78730
1-800-525-8258 – www.yacktman.com
 
 
 
 As of
August 31, 2008
 
10 Year Returns For a $10,000 Investment
 
 
 
Performance as of 8/31/08
  
Important Information
  
   
YAFFX
S&P 500
  
Mutual fund investing involves risk. The Fund Invests in
  
 
3 Months*
-3.66%
    -7.89%
  
companies of any size, including smaller companies,
  
 
1 Year
-4.89%
 -11.14%
  
which involve additional risks such as limited liquidity and
  
 
3 Years (annualized)
3.22%
     3.66%
  
greater volatility. Principle loss is possible. Past
  
 
5 Years (annualized)
6.62%
     6.92%
  
performance does not guarantee future results.  The
  
 
10 Years (annualized)
9.16%
     4.68%
  
investment return and principle value of the Funds will
  
 
Inception (annualized)
9.27%
     9.34%
  
fluctuate so that shares, when redeemed, may be worth
  
 
*Annualized for periods greater than 1 year and inception
  
more or less than their original cost. The fund's investment
  
 
from 7/6/1992. The Standard and Poor’s 500 Index (S&P
  
objectives, risk, charges and expenses must be considered
  
 
500) is a widely recognized, unmanaged index of common
  
carefully before investing. The prospectus contains this
  
 
stock prices that includes the reinvestment of dividends,
  
and other important information about the investment
  
 
but does not include adjustments for brokerage,
  
company and may be obtained by calling 1-800-525-8585,
  
 
custodian and investment management fees. One cannot
  
or visiting www.yacktman.com. Read it carefully before
  
 
invest directly in an index. 
  
investing.
  
 
 
The Yacktman Funds, Inc.
6300 Bridgepoint Parkway, Building One, Suite 320, Austin, Texas, 78730
1-800-525-8258 – www.yacktman.com
 
 
 As of
August 31, 2008
 
 Fund Goals
 
The Yacktman Focused Fund seeks long-term capital appreciation and, to a lesser extent, current income.
 
 
Principal Investment Strategies
 
The Yacktman Focused Fund mainly invests in common stocks of United States companies, some, but not all of which, pay dividends. The investment adviser employs a disciplined investment strategy. We buy growth companies of any size at what we believe to be low prices.  We think this approach combines the best features of “growth” and “value” investing. The Yacktman Fund sells companies that no longer meet its investment criteria, or if better investment opportunities are available.  The Yacktman Focused Fund differs from The Yacktman Fund in that it holds fewer securities. The Yacktman Focused Fund usually holds fewer than 25 securities, other than money market investments.
 
 
Top 10 Holdings (8/31/2008)
 
Fund Facts (8/31/2008)
Coca-Cola Co.
12.5
  
Ticker Symbol
YAFFX
AmeriCredit Corp.
11.0
  
Inception Date
5/1/1997
PepsiCo Inc.
9.8
  
Expense Ratio (12 Months)
1.25%
Microsoft Corp.
8.9
  
Total Net Assets
$60 MM
Ebay Inc.
5.4
  
Net Asset Value
$13.33
Procter & Gamble Co.
4.6
  
# of Stock Holdings
20
Lancaster Colony Corp.
4.5
  
Minimum Investment
$2,500
Wal Mart Stores Inc.
2.9
  
Turnover (2007)
33.9%
Johnson & Johnson
2.9
  
Beta
86
Pfizer Inc.
2.9
  
Weighted Avg. Mkt. Cap
$96.1B
 
 
 
Sector Analysis (8/31/08)
 
 
 
Portfolio Managers
 
 
 
Donald Yacktman
 
Mr. Yacktman is President and Co-Chief Investment Officer of Yacktman Asset Management Co. He is also Co-Manager for The Yacktman Funds. Mr. Yacktman previously served for ten years as Senior Portfolio Manager at Selected Financial Services, Inc. During that time, he  also served for nine years as the Portfolio Manager of the Selected American Shares mutual fund and was named Portfolio Manager of The Year by Morningstar in 1991. He joined Selected Financial Services, Inc. in 1982 from Stein Roe & Farnham where he had been a portfolio manager since 1968. Mr. Yacktman holds a B.S. Magna Cum Laude in economics from The University of Utah and an MBA with distinction from Harvard University.
 
 
 
Stephen Yacktman
 
Mr. Yacktman serves as Vice President, Portfolio Manager and Co-Chief Investment Officer of Yacktman Asset Mgmt. Co. He is also Co-Manager for The Yacktman Funds. He joined Yacktman Asset Management in April 1992 from Brigham Young University where he earned his B.S. in economics with a minor in math and an MBA.
 
 
Important Information
 
Mutual fund investing involves risk.  Principle loss is possible.  Past performance does not guarantee future results.  The investment return and principle value of the Funds will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. The fund's investment objectives, risk, charges and expenses must be considered carefully before investing.  The prospectus contains this and other important information about the investment company and may be obtained by calling 1-800-525-8585, or visiting www.yacktman.com.  Read it carefully before investing.
 
The Yacktman Funds, Inc.
6300 Bridgepoint Parkway, Building One, Suite 320, Austin, Texas, 78730
1-800-525-8258 – www.yacktman.com
 
 
 
 As of
August 31, 2008
 
Performance By Year as of 8/31/2008 
 
 
 
From Inception on May 1st, 1997 -12/31/1997
 
 
Performance as of 8/31/08
  
Important Information
  
   
YAFFX
S&P 500
  
Mutual fund investing involves risk.  The Yacktman
  
 
3 Months*
-2.84%
-7.89%
  
Focused Fund is non-diversified, meaning it may
  
 
1 Year
-2.41%
-11.14%
  
concentrate its assets in fewer individual holdings than a
  
 
3 Years (annualized)
4.25%
   3.66%
  
diversified fund.  Therefore, Fund is more exposed to
  
 
5 Years (annualized)
6.80%
     6.92%  
  
individual stock volatility than a diversified fund.  In
  
 
10 Years (annualized)
7.82%
 4.68%
  
addition, the Fund Invests in companies of any size,
  
 
Inception (annualized)
7.20%
 6.00%
  
including smaller companies, which involve additional
  
 
*Annualized for periods greater than 1 year and inception
  
risks such as limited liquidity and greater volatility.
  
 
from 5/1/1997. The Standard and Poor’s 500 Index (S&P
  
Principle loss is possible.  Past performance does not
  
 
500) is a widely recognized, unmanaged index of common
  
guarantee future results.  The investment return and
  
 
stock prices that includes the reinvestment of dividends,
  
principle value of the Funds will fluctuate so that shares,
  
 
but does not include adjustments for brokerage,
  
when redeemed, may be worth more or less than their
  
 
custodian and investment management fees. One cannot
  
original cost. The fund's investment objectives, risk,
  
 
invest directly in an index.  Information obtained from 3rd
  
charges and expenses must be considered carefully before
  
 
party sources is believed to be reliable but its accuracy
  
investing.  The prospectus contains this and other
  
 
cannot be guaranteed. There are no assurances that the
  
important information about the investment company and
  
 
current portfolio composition will remain representative of
  
may be obtained by calling 1-800-525-8585, or visiting
  
 
the Fund’s future portfolio composition.
  
www.yacktman.com. Read it carefully before investing.
  
 

The Yacktman Funds, Inc.
6300 Bridgepoint Parkway, Building One, Suite 320, Austin, Texas, 78730
1-800-525-8258 – www.yacktman.com