GoodHaven Funds Trust NPORT-P GoodHaven Fund (Aug 2021 report)

GoodHaven Fund

SCHEDULE OF INVESTMENTS at August 31, 2021 (Unaudited)

Shares		COMMON STOCKS - 92.4%				Value
		Banks-Diversified - 4.1%
	70,000	Bank of America Corp.			$	2,922,500
	8,000	JPMorgan Chase & Co.				1,279,600
						4,202,100
		Computer & Software - 19.5%
	12,000	Alibaba Group Holding Ltd. 1				2,003,880
	5,310	Alphabet Inc. - Class C 1				15,448,064
	7,300	Facebook, Inc. - Class A 1				2,769,474
						20,221,418
		Diversified Holding Companies - 15.8%
	50,200	Berkshire Hathaway Inc. - Class B 1				14,345,654
	25,000	EXOR NV				2,084,022
						16,429,676
		Financial Services - 13.4%
	36,555	Brookfield Asset Management, Inc. - Class A				2,030,630
	252	Brookfield Asset Management Reinsurance Partners Ltd.1				15,397
	242,512	Jefferies Financial Group Inc.				8,963,244
	45,000	KKR & Co, Inc.				2,893,050
						13,902,321
		General Building Materials - 5.1%
	99,400	Builders FirstSource, Inc.1				5,297,026
		Home Builder - 4.4%
	51,946	Lennar Corporation - Class B				4,546,314
		Industrial Supplies - 1.2%
	32,805	Global Industrial Co.				1,262,664
		Metals & Mining - 5.1%
	264,650	Barrick Gold Corp.				5,311,526
		Mortgage Banking - 2.1%
	149,304	Guild Holdings Co. - Class A 1				2,157,443
		Oil & Gas Equipment & Services - 1.6%
	96,600	TerraVest Industries, Inc.				1,657,663
		Oil & Gas Exploration & Production - 6.7%
	170,361	Devon Energy Corp.				5,034,167
	75,667	Hess Midstream LP - Class A				1,947,669
						6,981,836
		Property/Casualty Insurance - 7.4%
	5,550	Alleghany Corp.1				3,755,629
	3,000	Chubb Ltd.				551,760
	35,000	The Progressive Corp.				3,371,900
						7,679,289
		Real Estate - 4.0%
	114,000	STORE Capital Corp. - REIT				4,111,980
		Utilities - 2.0%
	227,400	PG&E Corp.1				2,085,258
		TOTAL COMMON STOCKS
		(Cost $44,827,591)				95,846,514
		PREFERRED STOCKS - 0.4%
		Government Agency - 0.4%
	10,000	Federal National Mortgage Association, Series N 5.500% 1,2				27,400
	7,750	Federal National Mortgage Association, Series E, 5.100% 1,2				20,925
	69,980	Federal National Mortgage Association, Series R, 7.625% 1,2				105,250
	27,846	Federal National Mortgage Association, Series S, 8.250% 1,2,3				49,009
	171,581	Federal National Mortgage Association, Series T, 8.250% 1,2				248,793
						451,377
		TOTAL PREFERRED STOCKS
		(Cost $977,072)				451,377
Principal Amount		U.S. GOVERNMENT SECURITIES - 6.8%
		United States Treasury Bills - 6.8%
	$          2,000,000	0.034% due 10/21/2021 4				1,999,861
	5,000,000	0.030% due 12/16/2021 4				4,999,411
						6,999,272
		TOTAL U.S. GOVERNMENT SECURITIES
		(Cost $6,999,464)				6,999,272
		MISCELLANEOUS SECURITIES - 0.1% 5,6		Notional Value
		TOTAL MISCELLANEOUS SECURITIES
		(Cost $177,394)	$	3,609,530		144,425
		Total Investments
		(Cost $52,981,521) - 99.7%				103,441,588
		Cash and Other Assets in Excess of Liabilities - 0.3%				265,306
		TOTAL NET ASSETS - 100.0%			$	103,706,894

REIT -	Real Estate Investment Trust
1	Non-income producing security.
2	Perpetual maturity.
3	Variable rate dividend; rate shown is rate of last dividend.
4	Rate represents the annualized effective yield to maturity from the purchase price.
5	Represents unrestricted previously undisclosed exchange-traded purchased options which the Fund has held for less than one year.
6	Notional value related to derivatives only.

GoodHaven Fund
Summary of Fair Value Exposure at August 31, 2021 (Unaudited)
The GoodHaven Fund (the "Fund"), utilizes various methods to measure the fair value of most of its investments on a recurring basis. U.S. GAAP establishes a hierarchy that prioritizes inputs to valuation methods. The three levels of inputs are:
• Level 1 — Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access. • Level 2 — Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment spreads, credit risk, yield curves, default rates and similar data. • Level 3 — Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.
The following is a summary of the inputs used to value the Fund's investments as of August 31, 2021. See the Schedule of Investments for industry breakouts.
Description	Level 1		Level 2		Level 3		Total
Common Stocks	$	95,846,514	$	–	$	–	$	95,846,514
Preferred Stocks		403,052		48,325		–		451,377
U.S. Government Securities		–		6,999,272		–		6,999,272
Miscellaneous Securities		–		144,425		–		144,425
Total Investments in Securities	$	96,249,566	$	7,192,022	$	–	$	103,441,588