In an industry where performance is paramount, The Oakmark Funds have established a sterling reputation through its unique philosophy and deep commitment to value investing.

The Oakmark Funds is the outgrowth of Harris Associates' approach to investment management. With inspired leadership and consistent, dedicated management, Oakmark has delivered results that have made it among the most well-regarded mutual fund families in America.

The Oakmark Fund
The Oakmark Fund invests in big businesses, both mid- and large-cap, seeking those that represent the most attractive values relative to their price. Bill Nygren and Kevin Grant manage The Oakmark Fund.

The Oakmark Select Fund
As a non-diversified fund, The Oakmark Select Fund can invest in a smaller number of securities than a diversified fund; it holds approximately 20 companies. Generally, it invests in mid- to large-cap companies. Bill Nygren and Henry Berghoef manage the Fund.

The Oakmark Equity and Income Fund
The Oakmark Equity and Income Fund seeks current income and preservation and growth of capital by investing in a diversified portfolio of equity and fixed-income securities. Clyde McGregor and Ed Studzinski are the Fund's managers.

The Oakmark Global Fund
The Oakmark Global Fund, managed by Clyde McGregor and Rob Taylor, seeks long-term capital appreciation by investing in equity securities here in the U.S. and around the world. The Fund can invest in companies of all sizes - small, medium, and large.

The Oakmark Global Select Fund
The Oakmark Global Select Fund, managed by Bill Nygren and David Herro, seeks capital appreciation by investing in approximately 20 large companies from around the world.

The Oakmark International Fund
The Oakmark International Fund, managed by David Herro and Rob Taylor, seeks long-term capital appreciation by investing in mid- and large-cap companies located outside of the U.S.

The Oakmark International Small Cap Fund
The Oakmark International Small Cap Fund seeks long-term capital appreciation by investig in non-U.S. companies with small market capitalizations. David Herro manages the Fund.

Before investing in any Oakmark Fund, you should carefully consider the Fund's investment objectives, risks, management fees and other expenses. This and other important information is contained in a Fund's prospecutus and summary prospectus. Please read the prospectus and and summary prospectus carefully before investing. For more information, please call 1-800-OAKMARK (1-800-625-6275).