1 8 0 oakmark www com advised by harris associates lp september 30 2005 annual report the funds are distributed securities member nasd date of first use november president s letter summary information 2 fund expenses 4 commentary on and select 6 from portfolio managers schedule investments 9 13 14 equity income 16 18 global 24 diversification chart 26 27 international small cap 32 33 34 35 41 43 44 financial statements assets liabilities 50 operations 52 changes in net 54 notes to 60 trustees officers 79 philosophy process 82 glossary 83
