News

2020 Year-End Fund Distributions

December 10, 2020

The Oakmark Funds declare 2020 year-end distributions. The dates for these distributions and the per share distribution amounts are as follows:

Record Date: Wednesday, December 9, 2020
Ex-Dividend Date: Thursday, December 10, 2020
Pay Date: Friday, December 11, 2020

Investor Share ClassIncome DistributionShort-Term Capital GainsLong-Term Capital GainsTotal Distribution% of NAV
Oakmark0.14960.00000.00000.14960.17%
Oakmark Select0.00000.00000.00000.00000.00%
Oakmark Equity and Income0.34920.00000.92711.27634.04%
Oakmark Global0.05220.00000.00000.05220.17%
Oakmark Global Select0.00000.00000.00000.00000.00%
Oakmark International0.08500.00000.00000.08500.33%
Oakmark International Small Cap0.31590.00000.00000.31591.86%
Advisor Share ClassIncome DistributionShort-Term Capital GainsLong-Term Capital GainsTotal Distribution% of NAV
Oakmark0.24490.00000.00000.24490.28%
Oakmark Select0.11760.00000.00000.11760.25%
Oakmark Equity and Income0.39430.00000.92711.32144.18%
Oakmark Global0.09230.00000.00000.09230.29%
Oakmark Global Select0.02320.00000.00000.02320.11%
Oakmark International0.12460.00000.00000.12460.48%
Oakmark International Small Cap0.33560.00000.00000.33561.98%
Institutional Share ClassIncome DistributionShort-Term Capital GainsLong-Term Capital GainsTotal Distribution% of NAV
Oakmark0.29850.00000.00000.29850.34%
Oakmark Select0.13010.00000.00000.13010.27%
Oakmark Equity and Income0.41430.00000.92711.34144.24%
Oakmark Global0.10780.00000.00000.10780.34%
Oakmark Global Select0.03550.00000.00000.03550.17%
Oakmark International0.14130.00000.00000.14130.55%
Oakmark International Small Cap0.34680.00000.00000.34682.04%

View Historical Distributions.

Please note that each Fund’s closing net asset value (NAV) on Thursday, December 10, 2020, will be reduced by the amount of the distribution, plus or minus any market activity for the day.

NAV is the dollar value of a single mutual fund share based on the value of the underlying assets of the fund minus its liabilities divided by the number of shares outstanding.

For shareholders who have elected automatic reinvestment, your distributions will be used to purchase additional shares in each Oakmark Fund you own at the closing NAV of Thursday, December 10, 2020.

For shareholders who have elected cash distribution, you will receive a check for the full distribution amount for each Oakmark Fund you own.

As always, please consult your tax advisor for information specific to your particular situation.

NAV stands for Net Asset Value. NAV is the dollar value of a single mutual fund share based on the value of the underlying assets of the fund minus its liability divided by the number of shares outstanding.

All Oakmark Funds: Investing in value stocks presents the risk that value stocks may fall out of favor with investors and underperform growth stocks during given periods.

The Oakmark Equity and Income Fund invests in medium- and lower-quality debt securities that have higher yield potential but present greater investment and credit risk than higher-quality securities. These risks may result in greater share price volatility.

Because Oakmark Select Fund and Oakmark Global Select Fund are non-diversified, the performance of each holding will have a greater impact on the Funds’ total return, and may make the Funds’ returns more volatile than a more diversified fund.

Oakmark Global, Oakmark Global Select, Oakmark International and Oakmark International Small Cap Funds: Investing in foreign securities presents risks which in some ways may be greater than U.S. investments. Those risks include: currency fluctuation; different regulation, accounting standards, trading practices and levels of available information; generally higher transaction costs; and political risks.

Oakmark, Oakmark Equity & Income, Oakmark Global, Oakmark International Funds and Oakmark International Small Cap: The Funds’ portfolios tend to be invested in a relatively small number of stocks. As a result, the appreciation or depreciation of any one security held will have a greater impact on the Funds’ net asset value than it would if the Funds invest in a larger number of securities. Although that strategy has the potential to generate attractive returns over time, it also increases the Funds’ volatility.

Oakmark International Small Cap Fund: The stocks of smaller companies often involve more risk than the stocks of larger companies. Stocks of small companies tend to be more volatile and have a smaller public market than stocks of larger companies. Small companies may have a shorter history of operations than larger companies, may not have as great an ability to raise additional capital and may have a less diversified product line, making them more susceptible to market pressure.