Oakmark Equity & Income II  OARBX
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2009-10-31
Out of
Moderate Allocation Funds
Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance.
Morningstar®
Style Box™
What is this?
   Large
   Blend
  
  
   Avg Duration
   4.40 Yrs
   Avg Credit Quality
   AAA
As of 2009-09-30
Day Change
$ -0.03
  
NAV (2009-11-10)
$ 25.21
  
YTD Return % (2009-11-10)
17.36%
  
Total Assets ($ mil)
16,175
View Data Definitions
  Performance    
Growth of $10,000 Fund: Oakmark Equity & Income II
(from 2000-07-13 to 2009-10-31) Category: Moderate Allocation
Index: Morningstar Moderate Target Risk
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-10
Inception date: 2000-07-13 10yr and Inception Returns as of 2009-10-31
YTD Returns as of 2009-11-10
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Fund 17.04 27.55 3.65 5.96 --- 8.75
+/- Category -1.12 11.82 6.31 3.86 --- ---
+/- Morningstar Moderate Target Risk -3.53 -3.54 2.49 1.14 --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) 14.39 0.70 3.64 6.02 --- 8.92
Month-End (as of 2009-10-31) 13.59 10.30 2.93 5.70 --- 8.75
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 9.35 1.73 4.73 --- ---
On Distribution & Sale of Shares --- 7.11 2.17 4.60 --- ---
Morningstar Rating --- --- --- ---
# of compared funds covered (3 yrs : out of 950 funds), (5 yrs : out of 796 funds), (10 yrs : out of funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is none, the maximum deferred sales fee is none, and the maximum redemption sales fee is none.
The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein.
  Portfolio Profile    
Sector Breakdown %
Information 8.37
Software 0.82
Hardware 2.63
Media 4.92
Telecommunications 0.00
Service 35.67
Healthcare 15.75
Consumer Services 16.75
Business Services 0.98
Financial Services 2.18
Manufacturing 55.96
Consumer Goods 18.82
Industrial Materials 19.02
Energy 18.12
Utilities 0.00
Bond Quality % of Bonds
AAA 97.3
AA 1.1
A 0.4
BBB 0.3
BB 0.7
B 0.0
Below B 0.0
Not Rated 0.2
 
Asset Allocation
% of Net Assets
Cash 6.0
Stocks 62.0
Bonds 32.0
Other 0.0
Foreign Stocks 8.5
(as a % of Assets)
Data through 2009-09-30 Data through 2009-09-30
 
Holding Status
Total Number of Stock Holdings 47 Turnover % 65
Total Number of Bond Holdings 62 30 Day SEC Yield % ---
% of Assets in Top 10 Holdings 31.87 ending as of 2009-09-30
View Data Definitions
Top 10 Holdings Sector P/E YTD
Return %		 % of Net
Assets
XTO Energy, Inc. 9.91 17.62 3.67
Avon Products 11.78 45.11 3.38
General Dynamics 9.26 18.01 3.32
US Treasury Note 1.625% --- --- --- 3.29
US Treasury Note 3.25% --- --- --- 3.25
US Treasury Note 2.875% --- --- 3.23
US Treasury Note 3.125% --- --- 3.16
EnCana Corporation 5.88 16.18 3.05
Wal-Mart Stores, Inc. 16.37 -1.72 2.91
Covidien, Ltd. 13.39 27.79 2.61
Data through 2009-09-30
YTD Return through 2009-11-20
  Other Information
Fund Inception: 2000-07-13
Portfolio Manager  (Start Date)
Clyde S. McGregor  (1995-11-01)
McGregor is a vice president and portfolio manager with Harris Associates L.P., his employer since 1981. He also served as an analyst with the firm from 1981 to 1986. Previously, he was an analyst and portfolio manager with The NorthernTrust Company. McGregor holds the Chartered Financial Analyst designation.
Edward Studzinski  (2000-03-01)
"■ Edward Studzinski, CFA, is a portfolio manager of the Mutual Fund. He has a B.A. from Boston College, a J.D. from Duke University, and an M.B.A. from Northwestern University. Mr. Studzinski has been an investment professional since"
Sales Charge %
(taken from prospectus dated 2009-01-28)
Front: None
Deferred: None
Expense Ratio % 1.16
based on net assets
(taken from annual report dated 2008-09-30)
Correspondence Information
Harris Associates LP
Two N Lasalle St Ste 500
Chicago,  IL  60602-3790
Telephone:
800-625-6275
Data on this page does not include the fund's short positions (if any).
Show Data Definitions

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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.