A VALUE PROPOSITION.

William Nygren, who has comanaged the fund for 23 years, believes "natural economic forces" will eventually raise the prices of stocks currently trading below the market's average price-earnings ratio (19 times expected earnings as of August 31). Investors who believe a value cycle is due to return can consider a value fund such as the Oakmark Fund. MUTUAL FUND SPOTLIGHT OVER most of the past decade, the stocks of fast-growing (even if unprofitable) tech companies have soared past so-called value stocks that trade at bargain levels based on earnings per share, book value or other measures. [Extracted from the article]