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  • edited July 16
    Some history:

    https://www.sec.gov/Archives/edgar/data/0000872323/000104746903024284/a2112100z497.txt


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    SUPPLEMENT DATED JULY 16, 2003
    TO PROSPECTUS OF THE OAKMARK FAMILY OF FUNDS DATED JANUARY 29, 2003

    THE OAKMARK SMALL CAP FUND - NEW CO-MANAGER
    Edward A. Studzinski, C.F.A., has become co-manager of The Oakmark Small Cap
    Fund with James P. Benson. Mr. Studzinski has replaced Clyde S. McGregor. Mr.
    McGregor continues to manage The Oakmark Equity and Income Fund with Mr.
    Studzinski. Mr. Studzinski joined the Adviser as an analyst in 1995. Previously,
    Mr. Studzinski was Vice President and Investment Officer at Mercantile National
    Bank of Indiana. He holds an M.B.A. in Marketing and Finance from Northwestern
    University (1985), a J.D. from Duke University (1974), and an A.B. in History
    from Boston College (1971).


    THE OAKMARK FAMILY OF FUNDS - NEW ADDRESS
    Effective June 1, 2003, the address for The Oakmark Family of Funds has changed
    to:

    FOR MAIL: FOR EXPRESS DELIVERY OR COURIER:
    The Oakmark Funds The Oakmark Funds
    P.O. Box 219558 330 West 9th Street
    Kansas City, MO 64121-9558 Kansas City, MO 64105-1514

    SUPPJULY03



    ======================================================

    Here is when the fund was liquidated:

    https://www.sec.gov/Archives/edgar/data/0000872323/000104746904025313/a2141447z497.txt


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    HARRIS ASSOCIATES INVESTMENT TRUST

    Supplement dated August 4, 2004
    to the Prospectus of The Oakmark Family of Funds dated January 31, 2004

    LIQUIDATION OF THE OAKMARK SMALL CAP FUND

    On August 4, 2004, the board of trustees of Harris Associates Investment
    Trust, upon the recommendation of Harris Associates L.P. (the "Adviser"),
    approved a plan to liquidate and terminate The Oakmark Small Cap Fund (the
    "Fund"). The liquidation is expected to occur on or about September 28, 2004
    (the "Liquidation Date").

    As of August 4, 2004, a substantial majority of the Fund's total assets
    consisted of cash or cash equivalents, and the balance of the portfolio is
    expected to be in cash or cash equivalents before the Liquidation Date. During
    this liquidation period, the Adviser has agreed to waive its management fees
    payable by the Fund.

    The Fund has not accepted any purchases of Fund shares since August 2nd and
    will not accept any purchases of Fund shares through the Liquidation Date.
    However, at any time prior to the Liquidation Date, you may redeem shares of the
    Fund pursuant to the procedures set forth in the prospectus. Beginning August 5,
    2004, the Fund will waive the 2% redemption fee on shares held for 90 days or
    less.

    You may also exchange your shares of the Fund for shares of any other fund
    in The Oakmark Family of Funds. No redemption fee will be imposed on such an
    exchange transaction.

    Shareholders of taxable accounts in the Fund who do not exchange or redeem
    their shares prior to the Liquidation Date will have the proceeds of their
    account sent to them when the liquidation occurs. The proceeds will be the net
    asset value of such shares in the shareholder's account after provision for
    charges, taxes, expenses and liabilities.

    Absent an instruction to the contrary received by the Oakmark Funds
    prior to the Liquidation Date, shares held in an individual retirement
    account ("IRA"), SIMPLE IRA, or Coverdell Education Savings Account or in
    custodial accounts under a SEP or SARSEP, or in certain other retirement plan
    accounts will be exchanged on the Liquidation Date for Oakmark Units of the
    Government Portfolio, a money market fund.

    HASSUP 804




  • Oakmark's mutual funds registration filing as of December 22, 1995:

    https://www.sec.gov/Archives/edgar/data/872323/0000950131-95-003567.txt
  • OAKEX hasn't been especially stellar. I get worried with shops like Oakmark and D&C start opening up funds quickly (Oakmark has the Instl Bond Fund). I fully expect D&C to have a global allocation fund in a couple of years.

    Royce & Friends will surpass them all, however. Even after losing the Opportunity Fund kids to First Eagle's own AUM-grab.
  • I agree that their performance has lagged of recently. Value has improved from prior years of late and it may be time to look at it again.

    I used to own the Oakmark Small Cap Fund until it was liquidated. D&C does have its Global Fund, but they may look may start something else in several years. The most recent D&C fund to open, prior to the Emerging Markets Fund, was the Global Bond Fund in 2015. I always wanted D&C to open a small cap fund, but somehow I doubt they will.
  • Wonder why Oakmark thinks this time is different for their small cap strategy ?
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