GoodHaven Funds Trust NPORT-P GoodHaven Fund (Feb 2022 report)

GoodHaven Fund

SCHEDULE OF INVESTMENTS at February 28, 2022 (Unaudited)

Shares		COMMON STOCKS - 87.4%				Value
		Banks-Diversified - 3.9%
	70,000	Bank of America Corp.			$	3,094,000
	8,000	JPMorgan Chase & Co.				1,134,400
						4,228,400
		Capital Markerts - 8.0%
	242,512	Jefferies Financial Group, Inc.				8,618,876
		Diversified Holding Companies - 15.0%
	50,200	Berkshire Hathaway Inc. - Class B 1				16,136,790
		General Building Materials - 6.9%
	99,400	Builders FirstSource, Inc. 1				7,397,348
		Home Builder - 3.7%
	51,946	Lennar Corporation - Class B				3,921,923
		Industrial Conglomerate - 1.8%
	25,000	EXOR NV				1,900,522
		Interactive Media & Services - 15.4%
	5,310	Alphabet Inc. - Class C 1				14,325,424
	10,300	Meta Platforms, Inc. -Class A 1				2,173,609
						16,499,033
		Internet & Direct Marketing Retail - 1.2%
	12,000	Alibaba Group Holding Ltd. 1				1,262,280
		Investment Management - 4.4%
	36,555	Brookfield Asset Management, Inc. - Class A				1,997,365
	252	Brookfield Asset Management Reinsurance Partners Ltd. 1				13,936
	45,000	KKR & Co, Inc.				2,705,400
						4,716,701
		Machinery, Equipment, and Supplies Merchant Wholesalers - 1.4%
	47,805	Global Industrial Co.				1,519,243
		Metals & Mining - 3.4%
	161,650	Barrick Gold Corp.				3,648,440
		Mortgage Banking - 2.1%
	185,011	Guild Holdings Co. - Class A 1				2,214,582
		Oil & Gas Equipment & Services - 1.7%
	96,600	TerraVest Industries, Inc.				1,812,346
		Oil & Gas Exploration & Production - 3.4%
	61,361	Devon Energy Corp.				3,654,048
		Oil & Gas Infrastructure - 2.2%
	75,667	Hess Midstream LP - Class A				2,418,317
		Property/Casualty Insurance - 7.2%
	6,050	Alleghany Corp.1				4,004,616
	35,000	The Progressive Corp.				3,707,550
						7,712,166
		Real Estate - 3.5%
	124,000	STORE Capital Corp. - REIT				3,809,280
		Special Realty - 2.2%
	42,000	Academy Sports & Outdoors, Inc. 1				1,359,540
	2,500	RH 1				1,004,675
						2,364,215
		TOTAL COMMON STOCKS
		(Cost $45,869,305)				93,834,510
		PREFERRED STOCKS - 0.6%
		Government Agency - 0.6%
	31,037	Federal National Mortgage Association, Series N, 5.500% 1,2				112,040
	7,750	Federal National Mortgage Association, Series E, 5.100% 1,2				31,194
	69,980	Federal National Mortgage Association, Series R, 7.625% 1,2				150,457
	171,881	Federal National Mortgage Association, Series T, 8.250% 1,2				386,732
						680,423
		TOTAL PREFERRED STOCKS
		(Cost $833,486)				680,423
Principal Amount		U.S. GOVERNMENT SECURITIES - 9.3%
		United States Treasury Bills - 9.3%
$	5,000,000	0.041% due 3/10/2022 3				4,999,956
	5,000,000	0.522% due 7/7/2022 3				4,991,019
						9,990,975
		TOTAL U.S. GOVERNMENT SECURITIES
		(Cost $9,990,687)				9,990,975
		MISCELLANOUS SECURITIES - 0.4% 4,5		Notional Value
		TOTAL MISCELLANOUS SECURITIES
		(Cost $284,528)	$	3,729,660		432,335
		Total Investments
		(Cost $56,978,006) - 97.7%				104,938,244
		Cash and Other Assets in Excess of Liabilities - 2.3%				2,445,704
		TOTAL NET ASSETS - 100.0%			$	107,383,948

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

GoodHaven Fund

Summary of Fair Value Exposure at February 28, 2022 (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 February 28, 2022. See the Schedule of Investments for industry breakouts.

Description	Level 1		Level 2		Level 3		Total
Common Stocks	$	93,834,510	$	–	$	–	$	93,834,510
Preferred Stocks		649,229		31,194		–		680,423
U.S. Government Securities		–		9,990,975		–		9,990,975
Miscellaneous Securities		–		432,335		–		432,335
Total Investments	$	94,483,739	$	10,454,504	$	–	$	104,938,243