(PUB) Investing 2016

6

Data through August 31, 2016 FINRA members: For internal or institutional use only. Oakmark Global I

Ticker OAKGX

Yield 1.2%

Total Assets $2,417 mil

Mstar Category World Stock

Benchmark 1: MSCI ACWI NR USD Benchmark 2: MSCI ACWI Ex USA NR USD Morningstar Analyst Rating 08-11-16 Œ

Investment Style Equity

Historical Profile Return Risk Rating Average High QQQ Neutral

4 7 4 4 4 4 4 1

10.0 12.5 15.0 17.5 20.0

Growth of $10,000

Investment Values of Fund Investment Values of Benchmark 1

Morningstar Pillars Process

∞ Positive ∞ Positive ∞ Positive ∞ Positive ¶ Neutral

Performance

7.5

People Parent

Performance Quartile (within Category)

& ( * & * ( & & * ( ) 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 08-16 25.28 24.10 14.01 19.50 22.48 19.86 23.48 30.15 29.17 27.11 26.41 24.18 7.33 -38.78 40.19 15.74 -11.65 20.16 34.12 3.70 -4.38 -2.58 3.22 -4.34 3.41 5.57 3.07 -4.31 4.03 11.32 -0.47 -2.02 -8.53 -2.48 -9.33 6.75 -1.26 4.59 2.05 3.33 18.83 7.56 1.28 -7.12 1.34 0.15 2.91 0.99 0.45 0.00 1.87 3.21 1.17 1.06 0.00 22.84 7.18 -41.69 39.21 15.29 -11.65 18.29 30.91 2.52 -5.44 -2.58 0.31 0.04 0.70 0.14 0.09 0.00 0.37 0.75 0.35 0.31 0.00 3.54 3.04 0.03 0.00 0.00 0.00 0.00 0.55 1.74 0.47 0.00 1.18 1.13 1.16 1.23 1.15 1.16 1.16 1.13 1.11 1.12 1.15 1.18 0.66 0.95 0.76 0.53 0.70 0.91 0.75 0.76 0.86 0.12 14 69 28 25 29 74 20 11 38 74 98

Price

History

Morningstar Analyst Rating Morningstar evaluates mutual funds based on five key pillars, which its analysts believe lead to funds that are more likely to outperform over the long term on a risk-adjusted basis. Analyst Rating Spectrum Œ „ ´ ‰ Á

NAV

Total Return % +/- Bmark 1 +/- Bmark 2 Income Return % Capital Return % Capital Gains $ Expense Ratio % Income Ratio % Turnover Rate % Net Assets $mil Total Rtn % Rank Cat Income $

Pillar Spectrum ∞ Positive

§ Negative

¶ Neutral

Performance 08-31-16 1st Qtr 2nd Qtr

3rd Qtr

4th Qtr

Total

2012 2013 2014 2015 2016

15.76 -8.00 2.27 10.32 20.16 8.43 4.75 11.36 6.03 34.12 1.69 3.42 -4.32 3.05 3.70 2.13 -0.87 -10.77 5.85 -4.38

.

41

35

41

32

37

29

26

45

31

36

2,548 2,826 1,346 1,766 2,330 1,987 2,115 3,235 3,513 3,020 2,391

Rating and Risk Time Period Load-Adj Return %

Portfolio Analysis 06-30-16 Total Stocks: 35 Share change since 03-31-16

-7.27 -3.66

— — —

Morningstar Rtn vs Cat

Morningstar Risk vs Cat

Morningstar Risk-Adj Rating

Sector

Country

% Assets

Trailing

Total Return%

+/- Bmark 1

+/- Bmark 2

%Rank Cat

Growth of $10,000

Y CNH Industrial NV

Industrl

United Kingdom 4.64

1 Yr 3 Yr 5 Yr

-1.16 3.15 8.57 5.05 9.66

3 Mo 6 Mo

2.80 -1.23 -1.19 13.59 0.06 0.13 -1.16 -8.40 -4.08 3.15 -3.59 1.11 8.57 0.25 5.26 5.05 0.65 3.01 9.14 3.39 3.46

62 10,280 27 11,359 95 9,884 89 10,974 50 15,088 40 16,372 3 37,138

T Credit Suisse Group AG Y Julius Baer Gruppe AG Y TE Connectivity Ltd

Finan Svcs Switzerland Finan Svcs Switzerland Technology United States Technology United States Cnsmr Cyc United States Finan Svcs United States Basic Mat Switzerland

4.45 4.17 4.17 4.08 4.01 3.68 3.66 3.49 3.48 3.44 3.32 3.29 3.27 3.23 3.18 2.99 2.62 2.57

High Q

-Avg

High QQQ +Avg QQQ

Avg Avg

1 Yr

10 Yr Incept

3 Yr Avg 5 Yr Avg 10 Yr Avg 15 Yr Avg

Y Alphabet Inc C

Y General Motors Co

Y Bank of America Corporati

Other Measures

Standard Index

Best Fit Index

Y LafargeHolcim Ltd

Alpha

1.3

-4.4 1.19

Incitec Pivot Ltd

Basic Mat Australia Cnsmr Cyc Germany

Beta

1.01

Tax Analysis

Tax Adj Rtn% %Rank Cat Tax-Cost Rat %Rank Cat

T Daimler AG

R-Squared

79

86

3 Yr (estimated) 5 Yr (estimated) 10 Yr (estimated)

1.74 7.56 3.90

84 43 46

1.36 0.93 1.10

54 50 69

Y The Interpublic Group of

Cnsmr Cyc United States Finan Svcs United States Finan Svcs United States

Standard Deviation

15.01

Y Citigroup Inc

Mean

3.15 0.27

Y MasterCard Inc A

Sharpe Ratio

T Allianz SE

Finan Svcs Germany Cnsmr Cyc Japan

Potential Capital Gain Exposure: 12% of assets

Y Toyota Motor Corp

Morningstar's Take by Greg Carlson 08-11-16 Oakmark Global will lose a veteran comanager in September, but its prospects remain strong. It continues to earn a Morningstar Analyst Rating of Gold. On July 29, 2016, Harris Associates (the fund's advisor) announced that Rob Taylor, comanager of this fund since 2005, will retire at the end of September. (The firmalsoannounced that the fund,whichhadbeenclosed to new investors except for those who invest directly or through retirement plans, would reopen to all investors.) David Herro, the lead manager of Gold-rated Oakmark International OAKIX since its 1992 inception, will take over the non-U.S. portion of the fund from Taylor. Clyde McGregor, who's comanaged the fund since 2003, will continue to oversee the U.S. equity portfolio. Taylor's departure will certainly represent a loss. A 22-year veteran of the firm, he had served as director of international research from 2004-15 and comanaged Oakmark Internationalsince2008 (Herrowill run that fund solo). But this fundwill remain inhighlyprovenhands.Herro has amassed a superb record at Oakmark International and has also managed Bronze-rated Oakmark

Y Oracle Corp

Technology United States

R Lloyds Banking Group PLC Y Daiwa Securities Group In

Finan Svcs United Kingdom 3.15

International Small Cap OAKEX since its 1995 inception. He will continue to be backed by a team that includes portfolio manager/analyst hybrids Eric Liu and Mike Manelli--the latter comanages Oakmark International Small Cap--and six analysts with an average of 6.5 years' tenure at the firm. McGregor, meanwhile, has generated strong results both over his 13-year tenure here and at Oakmark Equity and Income OAKBX since its 1995 inception and is backed by a bevy of U.S.-focused managers and analysts. The fund is in the midst of a painful slump since the startof2015thathasmade itsrecord lookmerelyaverage over the past decade. The poor performance owes in part to a large stake in financials; Credit Suisse and other European banks have been hammered lately. But the firm argues they're too cheap given their improved balance sheets and potential for earnings growth. The fund has been out of step with the market before, but it remains a solid holding.

Finan Svcs Japan Technology Japan

Y OMRON Corp

T Cie Financiere Richemont

Cnsmr Cyc Switzerland

Current Investment Style

Sector Weightings h Cyclical r BasicMat t CnsmrCyc y FinanSvcs u Real Est j Sensitive i CommSrvs o Energy p Industrl a Technlgy k Defensive s CnsmrDef d Hlthcare f Utilities

% of Stocks

Rel Bmark 1

Market Cap % Giant 41.5 Large 35.4 Mid 18.9 Small 4.2 Micro 0.0 Avg $mil: 24,969

Value Blend Growth

Large Mid Small

61.62 1.65 9.59 1.84 22.75 2.00 29.28 1.68 0.00 0.00 34.19 0.92 0.00 0.00 1.95 0.30 10.36 0.97 21.88 1.47 4.20 0.16 1.91 0.18 2.29 0.19 0.00 0.00

Value Measures

Rel Category

Price/Earnings 12.62

0.69 0.52 0.49 0.40 1.15 0.92 0.92 7.21 7.74 5.98

Price/Book Price/Sales

1.23 0.80

Price/Cash Flow 3.52 Dividend Yield % 2.99

Growth Measures

% Rel Category

Long-Term Erngs 9.69

Regional Exposure % Stock UK/W. Europe 36 N. America 43 Japan 10 Latn America 2 Asia X Japan 8 Other 0

Book Value

2.80 3.75

Sales

Address:

Harris Associates LP Chicago, IL 606057

Minimum Purchase: Min Auto Inv Plan:

$1000 Add: $100 IRA: $1000

Cash Flow 25.85 Historical Erngs 13.52

$500

Add: $100

800-625-6275

Sales Fees:

No-load

Country Exposure United States 43 Switzerland 15 UK 11

% Stock

Web Address:

www.oakmark.com

Management Fee:

1.00% mx./0.88% mn. Mgt:0.98% Dist:—

Composition - Net Cash

Japan

10

Inception:

08-04-99

Actual Fees:

2.2 Bonds

0.0 0.0

Advisor:

Harris Associates L.P.

Expense Projections: 3Yr:$356 5Yr:$617 10Yr:$1363

Germany

9

Stocks 97.9 Other

Subadvisor:

None

Income Distribution:

Annually

Foreign (% of Stock)

56.6

A

ß ® Mutual Funds

©2016Morningstar, Inc.All rights reserved. The information herein is not represented orwarranted to be accurate, complete or timely. Past performance is no guarantee of future results.Access updated reports at www.morningstar.com . To order reprints, email reprints@morningstar.com