Our shareholders have definitely endured bigger ups and downs, but in return, they have enjoyed results that exceeded the Oakmark Fund in 14 of 19 calendar years and achieved significantly
greater cumulative returns.
Not exact matches
Total
returns presented for periods less than one year are
cumulative,
returns for periods
greater than one year are annualized.
Total
returns presented for periods less than one year are
cumulative returns for periods one year and
greater are annualized.
Total
returns presented for periods less than one year are
cumulative,
returns for periods
greater than one year are annualized.
Performance reflects
cumulative total
returns for periods of less than one year and average annual total
returns for periods of one year or
greater.
Without going into too much detail, the reason for this is that negative numbers have a
greater effect on a
cumulative return than positive years do.
The funds should not be expected to provide three times or negative three times the
return of the benchmark's
cumulative return for periods
greater than a day.