Harris Associates Investment Trust NPORT-P Oakmark Fund (Dec 2023 report)

Oakmark Fund	December 31, 2023 (Unaudited)
Schedule of Investments (in thousands)

	Shares		Value
COMMON STOCKS – 94.6%
FINANCIALS – 40.1%
FINANCIAL SERVICES – 25.5%
Capital One Financial Corp.		4,159	$	545,328
Intercontinental Exchange, Inc.		4,175		536,221
KKR & Co., Inc.		5,930		491,300
Fiserv, Inc. (a)		3,400		451,656
American Express Co.		2,408		451,077
Ally Financial, Inc.		11,959		417,612
Charles Schwab Corp.		5,883		404,750
State Street Corp.		4,600		356,301
Bank of New York Mellon Corp.		6,741		350,845
Goldman Sachs Group, Inc.		735		283,541
Global Payments, Inc.		2,050		260,350
BlackRock, Inc.		275		223,245
Moody's Corp.		430		167,890
				4,940,116
BANKS – 9.5%
Wells Fargo & Co.		10,163		500,223
Bank of America Corp.		12,524		421,666
Citigroup, Inc.		6,844		352,066
Truist Financial Corp.		7,860		290,191
First Citizens BancShares, Inc., Class A		189		268,185
				1,832,331
INSURANCE – 5.1%
American International Group, Inc.		6,793		460,212
Willis Towers Watson PLC		1,575		379,890
Reinsurance Group of America, Inc.		922		149,167
				989,269
				7,761,716
COMMUNICATION SERVICES – 11.8%
MEDIA & ENTERTAINMENT – 11.8%
Alphabet, Inc., Class A (a)		4,544		634,723
Comcast Corp., Class A		10,500		460,425
Charter Communications, Inc., Class A (a)		913		354,721
Warner Bros. Discovery, Inc. (a)		24,587		279,800
Meta Platforms, Inc., Class A (a)		644		228,092
Liberty Broadband Corp., Class C (a)		2,020		162,792
Walt Disney Co.		1,750		158,007
				2,278,560
ENERGY – 8.6%
ConocoPhillips		4,284		497,209
EOG Resources, Inc.		3,417		413,233
APA Corp.		10,585		379,783
Phillips 66		2,761		367,600
				1,657,825
HEALTH CARE – 8.3%
HEALTH CARE EQUIPMENT & SERVICES – 5.0%
Centene Corp. (a)		4,582		340,054
HCA Healthcare, Inc.		857		231,972
CVS Health Corp.		2,544		200,874
Baxter International, Inc.		5,190		200,645
				973,545
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES – 3.3%
IQVIA Holdings, Inc. (a)		2,030		469,702
Danaher Corp.		700		161,938
				631,640
				1,605,185
CONSUMER DISCRETIONARY – 8.0%
AUTOMOBILES & COMPONENTS – 5.0%
General Motors Co.		11,562		415,307
Magna International, Inc.		4,700		277,676
BorgWarner, Inc.		6,450		231,232
Phinia, Inc.		1,228		37,199
				961,414
CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL – 2.1%
Amazon.com, Inc. (a)		1,538		233,729
eBay, Inc.		4,253		185,507
				419,236
CONSUMER SERVICES – 0.9%
Hilton Worldwide Holdings, Inc.		949		172,822
				1,553,472
INFORMATION TECHNOLOGY – 4.7%
SOFTWARE & SERVICES – 2.9%
Salesforce, Inc. (a)		1,285		338,135
Oracle Corp.		2,123		223,796
				561,931
TECHNOLOGY HARDWARE & EQUIPMENT – 1.8%
Cisco Systems, Inc.		3,470		175,305
TE Connectivity Ltd.		1,214		170,629
				345,934
				907,865
INDUSTRIALS – 4.3%
CAPITAL GOODS – 3.2%
Masco Corp.		5,074		339,883
Fortune Brands Innovations, Inc.		3,655		278,254
				618,137
COMMERCIAL & PROFESSIONAL SERVICES – 1.1%
Equifax, Inc.		840		207,724
				825,861
CONSUMER STAPLES – 3.8%
CONSUMER STAPLES DISTRIBUTION & RETAIL – 2.1%
Kroger Co.		8,950		409,105
FOOD, BEVERAGE & TOBACCO – 1.7%
Altria Group, Inc.		8,010		323,123
				732,228

OAKMARK FUNDS

Oakmark Fund	December 31, 2023 (Unaudited)
Schedule of Investments (in thousands)

	Shares		Value
COMMON STOCKS – 94.6%  (cont.)
MATERIALS – 2.7%
Corteva, Inc.		5,900	$	282,728
Celanese Corp.		1,532		238,026
				520,754
REAL ESTATE – 2.3%
REAL ESTATE MANAGEMENT & DEVELOPMENT – 2.3%
CBRE Group, Inc., Class A (a)		4,766		443,667
TOTAL COMMON STOCKS – 94.6%
(Cost $13,722,785)				18,287,133

	Par Value		Value
SHORT-TERM INVESTMENTS – 5.4%
REPURCHASE AGREEMENT – 4.4%
Fixed Income Clearing Corp. Repurchase Agreement, 5.32% dated 12/29/23 due 01/02/24, repurchase price $851,110, collateralized by a United States Treasury Notes, 0.625% - 3.875% due 01/15/26, aggregate value plus accrued interest of $867,619  (Cost: $850,607)	$	850,607		850,607
U.S. GOVERNMENT BILLS – 1.0%
U.S. Treasury Bills, 5.50%, due 01/23/24 (b)		100,000		99,692
U.S. Treasury Bills, 5.49%, due 02/20/24 (b)		100,000		99,283
TOTAL U.S. GOVERNMENT BILLS – 1.0%
(Cost $198,935)				198,975
TOTAL SHORT-TERM INVESTMENTS – 5.4%
(Cost $1,049,542)				1,049,582
TOTAL INVESTMENTS – 100.0%
(Cost $14,772,327)				19,336,715
Liabilities In Excess of Other Assets – 0.0%(c)				(391	)
TOTAL NET ASSETS – 100.0%			$	19,336,324

(a)	Non-income producing security.
(b)	The rate shown represents the annualized yield at the time of purchase; not a coupon rate.
(c)	Amount rounds to less than 0.1%.

Oakmark.com

Oakmark Select Fund	December 31, 2023 (Unaudited)
Schedule of Investments (in thousands)

	Shares		Value
COMMON STOCKS – 93.8%
FINANCIALS – 40.9%
FINANCIAL SERVICES  – 31.5%
Capital One Financial Corp.		3,105	$	407,101
Charles Schwab Corp.		5,048		347,298
Intercontinental Exchange, Inc.		2,375		305,054
KKR & Co., Inc.		3,326		275,559
Ally Financial, Inc.		6,253		218,348
American Express Co.		1,088		203,826
Fiserv, Inc. (a)		1,313		174,473
				1,931,659
BANKS – 9.4%
First Citizens BancShares, Inc., Class A		244		346,630
Wells Fargo & Co.		4,710		231,814
				578,444
				2,510,103
COMMUNICATION SERVICES – 14.5%
MEDIA & ENTERTAINMENT – 14.5%
Alphabet, Inc., Class A (a)		2,853		398,580
Charter Communications, Inc., Class A (a)		580		225,396
Warner Bros. Discovery, Inc. (a)		13,499		153,619
Liberty Broadband Corp., Class C (a)		1,410		113,634
				891,229
ENERGY – 9.5%
Phillips 66		1,377		183,334
ConocoPhillips		1,548		179,666
APA Corp.		3,220		115,526
EOG Resources, Inc.		871		105,297
				583,823
REAL ESTATE – 8.0%
REAL ESTATE MANAGEMENT & DEVELOPMENT – 8.0%
CBRE Group, Inc., Class A (a)		5,282		491,734
HEALTH CARE – 7.7%
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES – 7.7%
IQVIA Holdings, Inc. (a)		2,050		474,329
CONSUMER DISCRETIONARY – 7.0%
CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL – 7.0%
Lithia Motors, Inc.		1,299		427,735
INFORMATION TECHNOLOGY – 3.6%
SOFTWARE & SERVICES – 3.6%
Salesforce, Inc. (a)		853		224,564
INDUSTRIALS – 2.6%
COMMERCIAL & PROFESSIONAL SERVICES – 2.6%
Paycom Software, Inc.		762		157,436
TOTAL COMMON STOCKS – 93.8%
(Cost $4,154,740)				5,760,953

	Par Value		Value
SHORT-TERM INVESTMENTS – 6.7%
REPURCHASE AGREEMENT – 6.7%
Fixed Income Clearing Corp. Repurchase Agreement, 5.32% dated 12/29/23 due 01/02/24, repurchase price $413,595, collateralized by a United States Treasury Notes, 0.375% - 2.000% due 01/15/26 - 01/31/26, aggregate value plus accrued interest of $421,618 (Cost: $413,351)	$	413,351	$	413,351
TOTAL SHORT-TERM INVESTMENTS – 6.7%
(Cost $413,351)				413,351
TOTAL INVESTMENTS – 100.5%
(Cost $4,568,091)				6,174,304
Liabilities In Excess of Other Assets – (0.5)%				(31,569	)
TOTAL NET ASSETS – 100.0%			$	6,142,735

(a) Non-income producing security.

OAKMARK FUNDS

Oakmark Global Fund

Global Diversification —December 31, 2023 (Unaudited)

		% of Equity Investments
North America			49.9%
	United States		49.9		%
Europe			46.0%
	United Kingdom		14.5		%
	Germany*		13.2		%
	Switzerland		6.9		%
	France*		4.9		%
	Netherlands*		2.4		%
	Belgium*		2.2		%
	Ireland*		1.9		%
Asia			4.1%
	South Korea			2.3	%
	China			1.8	%

* Euro currency countries comprise 24.6% of equity investments.

Oakmark Global Fund	December 31, 2023 (Unaudited)
Schedule of Investments (in thousands)

	Shares		Value
COMMON STOCKS – 97.6%
FINANCIALS – 33.6%
FINANCIAL SERVICES – 16.5%
Capital One Financial Corp. (United States)		283	$	37,054
Julius Baer Group Ltd. (Switzerland)		579		32,465
Fiserv, Inc. (United States) (a)		226		30,035
KKR & Co., Inc. (United States)		316		26,181
St. James's Place PLC (United Kingdom)		3,003		26,167
Intercontinental Exchange, Inc. (United States)		204		26,148
Corebridge Financial, Inc. (United States)		1,093		23,672
				201,722
INSURANCE – 9.7%
Prudential PLC (United Kingdom)		2,947		33,323
Allianz SE (Germany)		114		30,510
American International Group, Inc. (United States)		419		28,414
Willis Towers Watson PLC (United States)		110		26,484
				118,731
BANKS – 7.4%
Lloyds Banking Group PLC (United Kingdom)		92,281		56,120
Bank of America Corp. (United States)		998		33,589
				89,709
				410,162
CONSUMER DISCRETIONARY – 15.8%
AUTOMOBILES & COMPONENTS – 6.3%
Mercedes-Benz Group AG (Germany)		639		44,138
General Motors Co. (United States)		926		33,262
				77,400
CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL – 5.6%
Prosus NV (Netherlands)		963		28,686
Alibaba Group Holding Ltd. (China)		2,251		21,797
Amazon.com, Inc. (United States) (a)		117		17,732
				68,215
CONSUMER DURABLES & APPAREL – 3.9%
Kering SA (France)		76		33,300
Brunswick Corp. (United States)		150		14,512
				47,812
				193,427
HEALTH CARE – 11.8%
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES – 10.0%
IQVIA Holdings, Inc. (United States) (a)		151		34,915
Bayer AG (Germany)		870		32,288
Danaher Corp. (United States)		69		15,939
Agilent Technologies, Inc. (United States)		107		14,807
Roche Holding AG (Switzerland)		47		13,547
Novartis AG (Switzerland)		108		10,848
				122,344
HEALTH CARE EQUIPMENT & SERVICES – 1.8%
Envista Holdings Corp. (United States) (a)		932		22,412
				144,756
COMMUNICATION SERVICES – 10.6%
MEDIA & ENTERTAINMENT – 10.6%
Alphabet, Inc., Class A (United States) (a)		306		42,745
Interpublic Group of Cos., Inc. (United States)		1,059		34,565
Charter Communications, Inc., Class A (United States) (a)		76		29,384
Liberty Broadband Corp., Class C (United States) (a)		152		12,258
Warner Bros. Discovery, Inc. (United States) (a)		964		10,975
				129,927
INDUSTRIALS – 9.2%
CAPITAL GOODS – 7.3%
CNH Industrial NV (United Kingdom)		3,876		47,208
Daimler Truck Holding AG (Germany)		857		32,191
Travis Perkins PLC (United Kingdom)		969		10,235
				89,634
TRANSPORTATION – 1.9%
Ryanair Holdings PLC ADR (Ireland) (a) (b)		174		23,170
				112,804
INFORMATION TECHNOLOGY – 8.9%
TECHNOLOGY HARDWARE & EQUIPMENT – 5.4%
Samsung Electronics Co. Ltd. (South Korea)		449		27,222
TE Connectivity Ltd. (United States)		138		19,445
Cisco Systems, Inc. (United States)		369		18,662
				65,329
SOFTWARE & SERVICES – 3.5%
Capgemini SE (France)		121		25,296
SAP SE (Germany)		117		18,016
				43,312
				108,641
CONSUMER STAPLES – 3.4%
FOOD, BEVERAGE & TOBACCO – 2.1%
Anheuser-Busch InBev SA (Belgium)		400		25,804
CONSUMER STAPLES DISTRIBUTION & RETAIL – 1.3%
Kroger Co. (United States)		334		15,253
				41,057
ENERGY – 2.2%
ConocoPhillips (United States)		234		27,161
MATERIALS – 2.1%
Glencore PLC (Switzerland)		4,223		25,415
TOTAL COMMON STOCKS – 97.6%
(Cost $936,672)				1,193,350

OAKMARK FUNDS

Oakmark Global Fund	December 31, 2023 (Unaudited)
Schedule of Investments (in thousands)

	Par Value		Value
SHORT-TERM INVESTMENT – 2.3%
REPURCHASE AGREEMENT – 2.3%
Fixed Income Clearing Corp. Repurchase Agreement, 5.32% dated 12/29/23 due 01/02/24, repurchase price $27,892, collateralized by a United States Treasury Note, 0.625% due 01/15/26, value plus accrued interest of $28,433  (Cost: $27,876)	$	27,876	$	27,876
TOTAL SHORT-TERM INVESTMENTS – 2.3%
(Cost $27,876)				27,876
TOTAL INVESTMENTS – 99.9%
(Cost $964,548)				1,221,226
Foreign Currencies (Cost $0)(d) – 0.0% (c)				0	(d)
Other Assets In Excess of Liabilities – 0.1%				797
TOTAL NET ASSETS – 100.0%			$	1,222,023

(a)	Non-income producing security.
(b)	Sponsored American Depositary Receipt
(c)	Amount rounds to less than 0.1%.
(d)	Amount rounds to less than $1,000.

Oakmark.com

Oakmark Global Select Fund

Global Diversification —December 31, 2023 (Unaudited)

		% of Equity Investments
North America			54.1	%
	United States				54.1	%
Europe			34.8	%
	Germany*				12.1	%
	United Kingdom				10.9	%
	France*				4.6	%
	Switzerland				3.8	%
	Netherlands*				3.4	%
Asia			11.1	%
	South Korea				8.9	%
	China				2.2	%

* Euro currency countries comprise 20.1% of equity investments.

Oakmark Global Select Fund	December 31, 2023 (Unaudited)
Schedule of Investments (in thousands)

	Shares		Value
COMMON STOCKS – 90.8%
FINANCIALS – 29.7%
FINANCIAL SERVICES  – 15.3%
Intercontinental Exchange, Inc. (United States)		476	$	61,133
Capital One Financial Corp. (United States)		422		55,280
Fiserv, Inc. (United States) (a)		411		54,645
				171,058
BANKS – 9.7%
Lloyds Banking Group PLC (United Kingdom)		96,447		58,653
Bank of America Corp. (United States)		1,479		49,803
				108,456
INSURANCE – 4.7%
American International Group, Inc. (United States)		769		52,116
				331,630
COMMUNICATION SERVICES – 17.1%
MEDIA & ENTERTAINMENT – 17.1%
Alphabet, Inc., Class A (United States) (a)		532		74,280
Charter Communications, Inc., Class A (United States) (a)		185		71,975
NAVER Corp. (South Korea)		258		44,691
				190,946
CONSUMER DISCRETIONARY – 12.7%
CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL – 8.4%
Prosus NV (Netherlands)		1,228		36,576
Amazon.com, Inc. (United States) (a)		221		33,628
Alibaba Group Holding Ltd. (China)		2,426		23,487
				93,691
AUTOMOBILES & COMPONENTS – 4.3%
Mercedes-Benz Group AG (Germany)		705		48,647
				142,338
HEALTH CARE – 10.6%
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES – 10.6%
Bayer AG (Germany)		1,219		45,271
Roche Holding AG (Switzerland)		140		40,816
Danaher Corp. (United States)		139		32,156
				118,243
INDUSTRIALS – 5.1%
CAPITAL GOODS – 5.1%
CNH Industrial NV (United Kingdom)		4,720		57,489
CONSUMER STAPLES – 4.3%
FOOD, BEVERAGE & TOBACCO – 4.3%
Danone SA (France)		749		48,501
ENERGY – 4.2%
ConocoPhillips (United States)		406		47,113
REAL ESTATE – 4.0%
REAL ESTATE MANAGEMENT & DEVELOPMENT – 4.0%
CBRE Group, Inc., Class A (United States) (a)		478		44,495
INFORMATION TECHNOLOGY – 3.1%
SOFTWARE & SERVICES – 3.1%
SAP SE (Germany)		228		35,107
TOTAL COMMON STOCKS – 90.8%
(Cost $781,853)				1,015,862
PREFERRED STOCKS – 4.5%
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS – 4.5%
Samsung Electronics Co. Ltd. (South Korea)		1,036		49,897
TOTAL PREFERRED STOCKS – 4.5%
(Cost $45,917)				49,897

	Par Value		Value
SHORT-TERM INVESTMENTS – 4.6%
REPURCHASE AGREEMENT – 4.6%
Fixed Income Clearing Corp. Repurchase Agreement, 5.32% dated 12/29/23 due 01/02/24, repurchase price $51,692, collateralized by a United States Treasury Note, 0.625% due 01/15/26, value plus accrued interest of $52,695  (Cost: $51,662)	$	51,662		51,662
TOTAL SHORT-TERM INVESTMENTS – 4.6%
(Cost $51,662)				51,662
TOTAL INVESTMENTS – 99.9%
(Cost $879,432)				1,117,421
Foreign Currencies (Cost $1) – 0.0% (b)				1
Other Assets In Excess of Liabilities – 0.1%				1,011
TOTAL NET ASSETS – 100.0%			$	1,118,433

(a)	Non-income producing security.
(b)	Amount rounds to less than 0.1%.

OAKMARK FUNDS

OAKMARK INTERNATIONAL FUND

Global Diversification —December 31, 2023 (Unaudited)

		% of Equity Investments
Europe		87.6	%
	Germany*			26.8	%
	United Kingdom			18.5	%
	France*			15.6	%
	Switzerland			8.3	%
	Netherlands*			4.9	%
	Sweden			3.9	%
	Italy*			2.4	%
	Ireland*			1.7	%
	Luxembourg*			1.5	%
	Spain*			1.4	%
	Belgium*			1.4	%
	Denmark			1.2	%
Asia		9.5	%
	South Korea			3.7	%
	Japan			3.5	%
	China			1.4	%
	India			0.7	%
	Indonesia			0.2	%
North America		2.9	%
	Canada			1.8	%
	Bermuda			1.1	%

* Euro currency countries comprise 55.7% of equity investments.

Oakmark International Fund	December 31, 2023 (Unaudited)
Schedule of Investments (in thousands)

	Shares		Value
COMMON STOCKS – 95.3%
CONSUMER DISCRETIONARY – 22.1%
AUTOMOBILES & COMPONENTS – 8.8%
Mercedes-Benz Group AG (Germany)		8,178	$	564,691
Continental AG (Germany)		6,169		523,870
Bayerische Motoren Werke AG (Germany)		4,116		457,883
Valeo SE (France) (a)		15,711		241,350
				1,787,794
CONSUMER DURABLES & APPAREL – 6.0%
Kering SA (France)		1,187		522,625
adidas AG (Germany)		1,274		259,069
Swatch Group AG (Switzerland)		877		238,411
Cie Financiere Richemont SA, Class A (Switzerland)		1,417		195,032
				1,215,137
CONSUMER SERVICES – 3.9%
Accor SA (France)		9,827		375,354
Amadeus IT Group SA (Spain)		3,934		281,803
Compass Group PLC (United Kingdom)		5,223		142,862
				800,019
CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL – 3.4%
Prosus NV (Netherlands)		14,163		421,929
Alibaba Group Holding Ltd. (China)		28,168		272,711
				694,640
				4,497,590
FINANCIALS – 20.6%
BANKS – 9.9%
Lloyds Banking Group PLC (United Kingdom)		1,187,616		722,232
BNP Paribas SA (France)		9,321		644,045
Intesa Sanpaolo SpA (Italy)		165,588		483,233
Axis Bank Ltd. (India)		10,154		134,506
Bank Mandiri Persero Tbk. PT (Indonesia)		79,660		31,301
				2,015,317
FINANCIAL SERVICES  – 6.1%
Schroders PLC (United Kingdom)		74,599		408,781
EXOR NV (Netherlands)		3,383		338,025
Worldline SA (France) (a) (b)		15,146		262,014
Edenred SE (France)		4,044		241,725
				1,250,545
INSURANCE – 4.6%
Prudential PLC (United Kingdom)		46,141		521,792
Allianz SE (Germany)		1,565		418,146
				939,938
				4,205,800
INDUSTRIALS – 20.1%
CAPITAL GOODS – 16.3%
CNH Industrial NV (United Kingdom)		60,303		734,494
Daimler Truck Holding AG (Germany)		11,147		418,654
Siemens AG (Germany)		1,841		345,247
SKF AB, Class B (Sweden)		16,097		321,270
Volvo AB, Class B (Sweden)		10,975		284,761
Brenntag SE (Germany)		2,864		263,109
Ashtead Group PLC (United Kingdom)		3,718		258,868
Komatsu Ltd. (Japan)		7,607		198,971
Schindler Holding AG (Switzerland)		679		169,658
Sandvik AB (Sweden)		7,515		162,504
Smiths Group PLC (United Kingdom)		5,203		116,947
Bunzl PLC (United Kingdom)		1,061		43,133
				3,317,616
TRANSPORTATION – 2.8%
Ryanair Holdings PLC ADR (Ireland) (b) (c)		2,485		331,386
DSV AS (Denmark)		1,391		244,238
				575,624
COMMERCIAL & PROFESSIONAL SERVICES – 1.0%
Recruit Holdings Co. Ltd. (Japan)		4,938		208,832
				4,102,072
HEALTH CARE – 11.0%
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES – 6.3%
Bayer AG (Germany)		14,205		527,361
Eurofins Scientific SE (Luxembourg)		4,590		298,880
Roche Holding AG (Switzerland)		907		263,614
Novartis AG (Switzerland)		2,021		203,908
				1,293,763
HEALTH CARE EQUIPMENT & SERVICES – 4.7%
Fresenius Medical Care AG (Germany)		12,192		510,900
Fresenius SE & Co. KGaA (Germany)		14,397		446,130
				957,030
				2,250,793
COMMUNICATION SERVICES – 6.4%
MEDIA & ENTERTAINMENT – 5.4%
NAVER Corp. (South Korea)		2,236		386,832
WPP PLC (United Kingdom)		37,178		356,840
Publicis Groupe SA (France)		2,349		217,873
Informa PLC (United Kingdom)		13,041		129,858
				1,091,403
TELECOMMUNICATION SERVICES – 1.0%
Liberty Global Ltd., Class A (Bermuda) (b)		11,694		207,803
				1,299,206
INFORMATION TECHNOLOGY – 5.9%
SOFTWARE & SERVICES – 5.9%
Open Text Corp. (Canada)		8,522		358,151
Capgemini SE (France)		1,559		324,822
Fujitsu Ltd. (Japan)		1,938		292,388
SAP SE (Germany)		1,426		219,589
				1,194,950

OAKMARK FUNDS

Oakmark International Fund	December 31, 2023 (Unaudited)
Schedule of Investments (in thousands)

	Shares		Value
COMMON STOCKS – 95.3%  (cont.)
CONSUMER STAPLES – 4.7%
FOOD, BEVERAGE & TOBACCO – 2.6%
Anheuser-Busch InBev SA (Belgium)		4,236	$	273,198
Danone SA (France)		3,874		250,924
				524,122
HOUSEHOLD & PERSONAL PRODUCTS – 2.1%
Reckitt Benckiser Group PLC (United Kingdom)		3,244		224,095
Henkel AG & Co. KGaA (Germany)		2,933		210,365
				434,460
				958,582
MATERIALS – 4.5%
Glencore PLC (Switzerland)		55,663		334,961
Holcim AG (Switzerland)		2,965		232,753
Akzo Nobel NV (Netherlands)		2,443		201,819
thyssenkrupp AG (Germany)		20,640		143,823
				913,356
TOTAL COMMON STOCKS – 95.3%
(Cost $17,278,003)				19,422,349
PREFERRED STOCKS – 1.7%
INFORMATION TECHNOLOGY – 1.7%
TECHNOLOGY HARDWARE & EQUIPMENT – 1.7%
Samsung Electronics Co. Ltd. (South Korea)		7,224		348,085
TOTAL PREFERRED STOCKS – 1.7%
(Cost $376,458)				348,085

	Par Value		Value
SHORT-TERM INVESTMENTS – 2.8%
REPURCHASE AGREEMENT – 2.0%
Fixed Income Clearing Corp. Repurchase Agreement, 5.32% dated 12/29/23 due 01/02/24, repurchase price $411,098, collateralized by a United States Treasury Note, 0.625% due 01/15/26, value plus accrued interest of $419,072  (Cost: $410,855)	$	410,855		410,855
COMMERCIAL PAPER – 0.8%
American Honda Finance Corp.,
5.64% - 5.75%, due 01/09/24 - 02/05/24 (d)		115,000		114,668
General Mills, Inc., 144A,
5.52%, due 01/04/24 (d) (e)		28,000		27,975
Walgreens Boots Alliance, Inc., 144A,
6.37%, due 01/05/24 (d) (e)		12,500		12,485
TOTAL COMMERCIAL PAPER – 0.8%
(Cost $155,196)				155,128
TOTAL SHORT-TERM INVESTMENTS – 2.8%
(Cost $566,051)				565,983
TOTAL INVESTMENTS – 99.8%
(Cost $18,220,512)				20,336,417
Foreign Currencies (Cost $4) – 0.0% (f)				4
Other Assets In Excess of Liabilities – 0.2%				46,057
TOTAL NET ASSETS – 100.0%			$	20,382,478

(a)	See Note 3 in the Notes to Schedules of Investments regarding investments in affiliated issuers.
(b)	Non-income producing security.
(c)	Sponsored American Depositary Receipt
(d)	The rate shown represents the annualized yield at the time of purchase; not a coupon rate.
(e)	Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold, normally only to qualified institutional buyers.
(f)	Amount rounds to less than 0.1%.

Oakmark.com

Oakmark International Fund	December 31, 2023 (Unaudited)
Schedule of Investments (in thousands)

Schedule of Transactions with Affiliated Issuers

Purchase and sale transactions and dividend and interest income earned during the period on these securities are set forth below (in thousands). The industry, country or geographic region for each of the below affiliates can be found in the Schedule of Investments.

Affiliates	Shares Held		Purchases (Cost)		Sales (Proceeds)		Realized Gain/(Loss)		Change in Unrealized			Dividend Income		Value September 30, 2023		Value December 31, 2023		Percent of Net Assets
Valeo		15,711	$	19,766	$	0	$	0	$	(25,435	)	$	0	$	247,019	$	241,350		1.2	%
Worldline		15,146		36,166		0		0		(129,839	)		0		355,687		262,014		1.3	%
TOTAL		30,857	$	55,932	$	0	$	0	$	(155,274	)	$	0	$	602,706	$	503,364		2.5	%

OAKMARK FUNDS

Oakmark International Small Cap Fund

Global Diversification —December 31, 2023 (Unaudited)

		% of Equity Investments
Europe		78.3	%
	United Kingdom			21.0	%
	Switzerland			10.0	%
	Italy*			8.2	%
	Sweden			7.2	%
	Germany*			7.1	%
	Finland*			7.0	%
	Norway			4.6	%
	Spain*			4.3	%
	Denmark			4.3	%
	Netherlands*			4.1	%
	Belgium*			0.5	%
Asia		11.8	%
	Japan			4.8	%
	South Korea			4.6	%
	China			1.6	%
	Indonesia			0.8	%
Australasia		3.9	%
	Australia			3.9	%
Latin America		2.6	%
	Mexico			2.6	%
North America		2.3	%
	Canada			2.3	%
Middle East		1.1	%
	Israel			1.1	%

* Euro currency countries comprise 31.2% of equity investments.

Oakmark International Small Cap Fund	December 31, 2023 (Unaudited)
Schedule of Investments (in thousands)

	Shares		Value
COMMON STOCKS – 97.2%
INDUSTRIALS – 32.0%
CAPITAL GOODS – 19.6%
Konecranes OYJ (Finland)		1,115	$	50,189
Duerr AG (Germany)		1,865		44,007
Travis Perkins PLC (United Kingdom)		3,222		34,025
Howden Joinery Group PLC (United Kingdom)		2,955		30,640
Metso OYJ (Finland)		2,961		29,978
Fluidra SA (Spain)		1,244		25,893
Valmet OYJ (Finland)		667		19,235
Babcock International Group PLC (United Kingdom)		3,618		18,216
Sulzer AG (Switzerland)		173		17,707
dormakaba Holding AG (Switzerland)		30		16,188
				286,078
COMMERCIAL & PROFESSIONAL SERVICES – 12.4%
ISS AS (Denmark)		2,274		43,424
Hays PLC (United Kingdom)		21,735		30,253
Loomis AB (Sweden)		1,090		28,907
Pagegroup PLC (United Kingdom)		3,648		22,642
SThree PLC (United Kingdom)		2,953		15,736
Applus Services SA (Spain)		1,329		14,668
Mitie Group PLC (United Kingdom)		7,243		9,167
Randstad NV (Netherlands)		143		8,966
Adecco Group AG (Switzerland)		132		6,462
				180,225
				466,303
FINANCIALS – 19.6%
FINANCIAL SERVICES – 15.1%
Azimut Holding SpA (Italy)		1,833		47,827
Nexi SpA (Italy) (a)		5,098		41,681
Julius Baer Group Ltd. (Switzerland)		698		39,152
St. James's Place PLC (United Kingdom)		3,760		32,766
Euronext NV (Netherlands)		299		25,970
EFG International AG (Switzerland)		1,446		18,563
Intermediate Capital Group PLC (United Kingdom)		705		15,099
				221,058
BANKS – 4.5%
BNK Financial Group, Inc. (South Korea)		6,182		34,190
DGB Financial Group, Inc. (South Korea)		4,711		30,980
				65,170
				286,228
CONSUMER DISCRETIONARY – 10.7%
AUTOMOBILES & COMPONENTS – 6.7%
Dometic Group AB (Sweden)		4,066		36,334
Pirelli & C SpA (Italy)		4,793		26,072
Autoliv, Inc. (Sweden)		188		20,705
Vitesco Technologies Group AG (Germany) (a)		136		14,095
				97,206
CONSUMER DURABLES & APPAREL – 2.2%
GN Store Nord AS (Denmark) (a)		678		17,242
Gildan Activewear, Inc. (Canada)		462		15,279
				32,521
CONSUMER SERVICES – 1.6%
Wynn Macau Ltd. (China) (a)		28,088		23,129
CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL – 0.2%
Wickes Group PLC (United Kingdom)		2,003		3,628
				156,484
INFORMATION TECHNOLOGY – 8.8%
SOFTWARE & SERVICES – 6.9%
Atea ASA (Norway)		3,319		42,202
TeamViewer SE (Germany) (a)		1,891		29,349
BIPROGY, Inc. (Japan)		671		21,001
Sapiens International Corp. NV (Israel)		291		8,416
				100,968
TECHNOLOGY HARDWARE & EQUIPMENT – 1.9%
Softwareone Holding AG (Switzerland)		1,369		26,685
				127,653
HEALTH CARE – 7.3%
HEALTH CARE EQUIPMENT & SERVICES – 5.8%
ConvaTec Group PLC (United Kingdom)		9,443		29,393
Ansell Ltd. (Australia)		1,691		29,023
Elekta AB, Class B (Sweden)		2,028		16,553
Medmix AG (Switzerland)		444		10,030
				84,999
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES – 1.5%
Grifols SA ADR (Spain) (a) (b)		1,809		20,912
				105,911
COMMUNICATION SERVICES – 6.2%
MEDIA & ENTERTAINMENT – 5.5%
oOh!media Ltd. (Australia)		22,867		25,790
Schibsted ASA, Class B (Norway)		817		22,251
Megacable Holdings SAB de CV (Mexico)		9,538		21,298
Hakuhodo DY Holdings, Inc. (Japan)		1,398		10,716
				80,055
TELECOMMUNICATION SERVICES – 0.7%
Sarana Menara Nusantara Tbk. PT (Indonesia)		172,923		11,119
				91,174
CONSUMER STAPLES – 4.6%
FOOD, BEVERAGE & TOBACCO – 2.1%
JDE Peet's NV (Netherlands)		869		23,369
Strauss Group Ltd. (Israel) (a)		391		7,361
				30,730

OAKMARK FUNDS

Oakmark International Small Cap Fund	December 31, 2023 (Unaudited)
Schedule of Investments (in thousands)

	Shares		Value
COMMON STOCKS – 97.2%  (cont.)
CONSUMER STAPLES – 4.6% (cont.)
CONSUMER STAPLES DISTRIBUTION & RETAI L– 1.5%
Sugi Holdings Co. Ltd. (Japan)		465	$	21,372
HOUSEHOLD & PERSONAL PRODUCTS – 1.0%
Kimberly-Clark de Mexico SAB de CV, Class A (Mexico)		6,876		15,456
				67,558
MATERIALS – 4.4%
DS Smith PLC (United Kingdom)		9,110		35,683
Lanxess AG (Germany)		422		13,204
Essentra PLC (United Kingdom)		3,721		8,043
Titan Cement International SA (Belgium)		311		7,290
				64,220
REAL ESTATE – 3.6%
REAL ESTATE MANAGEMENT & DEVELOPMENT – 3.6%
Colliers International Group, Inc. (Canada)		140		17,720
Katitas Co. Ltd. (Japan)		996		15,463
LSL Property Services PLC (United Kingdom)		3,634		11,951
IWG PLC (Switzerland) (a)		2,881		6,951
				52,085
TOTAL COMMON STOCKS – 97.2%
(Cost $1,270,575)				1,417,616

	Par Value		Value
SHORT-TERM INVESTMENT – 2.5%
REPURCHASE AGREEMENT – 2.5%
Fixed Income Clearing Corp. Repurchase Agreement, 5.32% dated 12/29/23 due 01/02/24, repurchase price $36,942, collateralized by a United States Treasury Note, 0.625% due 01/15/26, value plus accrued interest of $37,659  (Cost: $36,920)	$	36,920		36,920
TOTAL SHORT-TERM INVESTMENTS – 2.5%
(Cost $36,920)				36,920
TOTAL INVESTMENTS – 99.7%
(Cost $1,307,495)				1,454,536
Foreign Currencies (Cost $1) – 0.0% (c)				1
Other Assets In Excess of Liabilities – 0.3%				3,951
TOTAL NET ASSETS – 100.0%			$	1,458,488

(a)	Non-income producing security.
(b)	Sponsored American Depositary Receipt
(c)	Amount rounds to less than 0.1%.

Oakmark.com

Oakmark Equity and Income Fund	December 31, 2023 (Unaudited)
Schedule of Investments (in thousands)

	Shares		Value
COMMON STOCKS – 58.8%
FINANCIALS – 20.6%
FINANCIAL SERVICES – 13.3%
Fiserv, Inc. (a)		1,094	$	145,354
Capital One Financial Corp.		928		121,614
Ally Financial, Inc.		3,428		119,702
Intercontinental Exchange, Inc.		831		106,712
KKR & Co., Inc.		1,260		104,416
Charles Schwab Corp.		1,333		91,704
Corebridge Financial, Inc.		3,646		78,976
State Street Corp.		653		50,597
BlackRock, Inc.		50		40,184
				859,259
INSURANCE – 4.4%
Reinsurance Group of America, Inc.		670		108,376
American International Group, Inc.		1,562		105,852
Willis Towers Watson PLC		298		71,926
				286,154
BANKS – 2.9%
Bank of America Corp.		5,549		186,832
				1,332,245
CONSUMER DISCRETIONARY – 9.8%
AUTOMOBILES & COMPONENTS – 4.1%
General Motors Co.		2,272		81,625
BorgWarner, Inc.		2,199		78,845
Thor Industries, Inc.		635		75,056
Lear Corp.		122		17,161
Phinia, Inc.		466		14,111
				266,798
CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL – 2.9%
Lithia Motors, Inc.		296		97,566
Amazon.com, Inc. (a)		590		89,705
				187,271
CONSUMER DURABLES & APPAREL – 1.6%
Carter's, Inc.		846		63,379
Brunswick Corp.		402		38,865
				102,244
CONSUMER SERVICES – 1.2%
Wendy's Co.		3,922		76,397
				632,710
COMMUNICATION SERVICES – 8.8%
MEDIA & ENTERTAINMENT  – 8.8%
Alphabet, Inc., Class A (a)		1,334		186,277
Charter Communications, Inc., Class A (a)		354		137,632
Comcast Corp., Class A		1,760		77,180
Interpublic Group of Cos., Inc.		1,973		64,395
Warner Music Group Corp., Class A		1,733		62,035
Warner Bros. Discovery, Inc. (a)		3,861		43,932
				571,451
HEALTH CARE – 5.7%
HEALTH CARE EQUIPMENT & SERVICES – 3.2%
Centene Corp. (a)		1,311		97,274
Baxter International, Inc.		1,979		76,520
HCA Healthcare, Inc.		130		35,243
				209,037
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES – 2.5%
IQVIA Holdings, Inc. (a)		532		123,024
Danaher Corp.		173		40,022
				163,046
				372,083
INDUSTRIALS – 3.9%
CAPITAL GOODS – 2.7%
Masco Corp.		1,323		88,608
Carlisle Cos., Inc.		267		83,561
				172,169
COMMERCIAL & PROFESSIONAL SERVICES – 1.2%
OPENLANE, Inc. (a)		2,924		43,304
ABM Industries, Inc.		841		37,684
				80,988
				253,157
MATERIALS – 3.5%
Glencore PLC		22,886		137,719
Corteva, Inc.		1,215		58,199
Sealed Air Corp.		897		32,766
				228,684
ENERGY – 2.3%
Phillips 66		518		68,980
ConocoPhillips		389		45,128
EOG Resources, Inc.		275		33,225
				147,333
INFORMATION TECHNOLOGY – 1.6%
TECHNOLOGY HARDWARE & EQUIPMENT – 1.6%
TE Connectivity Ltd.		722		101,424
REAL ESTATE – 1.3%
REAL ESTATE MANAGEMENT & DEVELOPMENT – 1.3%
Howard Hughes Holdings, Inc. (a)		971		83,040
CONSUMER STAPLES – 1.3%
CONSUMER STAPLES DISTRIBUTION & RETAIL  – 1.3%
Kroger Co.		1,775		81,145
TOTAL COMMON STOCKS – 58.8%
(Cost $2,662,785)				3,803,272

OAKMARK FUNDS

Oakmark Equity and Income Fund	December 31, 2023 (Unaudited)
Schedule of Investments (in thousands)

	Shares		Value
PREFERRED STOCKS – 0.1%
COMMUNICATION SERVICES – 0.1%
Liberty Broadband Corp., Series A (b), 7.00%		224	$	4,937
TOTAL PREFERRED STOCKS – 0.1% (Cost $6,229)				4,937

	Par Value		Value
FIXED INCOME – 37.5%
CORPORATE BONDS – 15.7%
FINANCIALS – 5.4%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust
3.40%, due 10/29/33	$	15,500	$	13,309
2.45%, due 10/29/26		12,500		11,574
5.75%, due 06/06/28		4,000		4,094
Ally Financial, Inc.
4.70%(5 yr. CMT + 3.868%) (b) (c)		23,750		17,814
6.992%(SOFR + 3.260%), due 06/13/29 (c)		9,250		9,553
4.70%(7 yr. CMT + 3.481%) (b) (c)		2,000		1,357
Apollo Commercial Real Estate Finance, Inc. REIT, 144A
4.625%, due 06/15/29 (d)		20,373		17,134
Bank Of America Corp.
2.551% (SOFR + 1.050%), due 02/04/28 (c)		13,575		12,575
Bank of America Corp.
4.45%, due 03/03/26		5,000		4,945
Capital One Financial Corp.
7.624% (SOFR + 3.070%), due 10/30/31 (c)		19,600		21,538
Charles Schwab Corp.
5.853% (SOFR + 2.500%), due 05/19/34 (c)		23,750		24,516
Citigroup, Inc.
7.625%(5 yr. CMT + 3.211%) (b) (c)		14,500		14,806
3.40%, due 05/01/26		15,000		14,474
3.352%(3 mo. USD Term SOFR + 1.158%), due 04/24/25 (c)		6,360		6,311
CNO Financial Group, Inc.
5.25%, due 05/30/25		5,895		5,854
Equitable Financial Life Global Funding, 144A
1.70%, due 11/12/26 (d)		15,000		13,514
First Citizens BancShares, Inc.
3.375% (3 mo. USD Term SOFR + 2.465%), due 03/15/30 (c)		15,000		14,175
Goldman Sachs Group, Inc.
1.948%(SOFR + 0.913%), due 10/21/27 (c)		13,500		12,350
3.615%(SOFR + 1.846%), due 03/15/28 (c)		7,200		6,906
JPMorgan Chase & Co.
1.47% (SOFR + 0.765%), due 09/22/27 (c)		31,000		28,086
KKR Group Finance Co. XII LLC, 144A
4.85%, due 05/17/32 (d)		9,000		8,801
LPL Holdings, Inc.
6.75%, due 11/17/28		14,225		15,164
Morgan Stanley
5.164% (SOFR + 1.590%), due 04/20/29 (c)		9,350		9,404
Pershing Square Holdings Ltd., 144A
3.25%, due 11/15/30 (d)		14,000		11,361
Reinsurance Group of America, Inc.
3.95%, due 09/15/26		4,905		4,752
Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc., 144A
4.00%, due 10/15/33 (d)		7,075		6,010
Stifel Financial Corp.
4.00%, due 05/15/30		12,242		11,101
Truist Financial Corp.
5.867% (SOFR + 2.361%), due 06/08/34 (c)		9,750		9,946
Wells Fargo & Co.
2.393%(SOFR + 2.100%), due 06/02/28 (c)		11,000		10,075
6.303%(SOFR + 1.790%), due 10/23/29 (c)		6,375		6,719
				348,218
INDUSTRIALS – 3.4%
AutoNation, Inc.
3.85%, due 03/01/32		11,750		10,441
Bacardi Ltd., 144A
4.45%, due 05/15/25 (d)		4,900		4,831
BAT Capital Corp.
2.259%, due 03/25/28		2,975		2,662
3.557%, due 08/15/27		1,835		1,751
BAT International Finance PLC
1.668%, due 03/25/26		4,460		4,143
Boeing Co.
5.805%, due 05/01/50		25,000		25,889
Carlisle Cos., Inc.
2.20%, due 03/01/32		21,055		17,177
Fortune Brands Innovations, Inc.
4.00%, due 06/15/25		13,430		13,195
5.875%, due 06/01/33		10,000		10,448
GXO Logistics, Inc.
1.65%, due 07/15/26		6,750		6,084
Hilton Domestic Operating Co., Inc., 144A
3.625%, due 02/15/32 (d)		18,500		16,145
3.75%, due 05/01/29 (d)		9,000		8,344
Howmet Aerospace, Inc.
3.00%, due 01/15/29		23,560		21,528
JBS USA LUX SA/JBS USA Food Co./JBS Luxembourg SARL, 144A
6.75%, due 03/15/34 (d)		3,750		3,951
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc.
5.75%, due 04/01/33		5,000		4,953
Lennox International, Inc.
1.35%, due 08/01/25		2,000		1,883
MIWD Holdco II LLC/MIWD Finance Corp., 144A
5.50%, due 02/01/30 (d)		8,000		7,080

Oakmark.com

Oakmark Equity and Income Fund	December 31, 2023 (Unaudited)
Schedule of Investments (in thousands)

	Par Value		Value
FIXED INCOME – 37.5% (cont.)
CORPORATE BONDS – 15.7% (cont.)
INDUSTRIALS – 3.4%  (cont.)
Stanley Black & Decker, Inc.
2.30%, due 03/15/30	$	31,350	$	26,661
United Parcel Service, Inc.
4.875%, due 03/03/33		6,350		6,591
Viterra Finance BV, 144A
5.25%, due 04/21/32 (d)		13,150		12,791
2.00%, due 04/21/26 (d)		11,400		10,583
				217,131
CONSUMER DISCRETIONARY – 2.6%
AutoNation, Inc.
1.95%, due 08/01/28		4,940		4,248
Booking Holdings, Inc.
3.55%, due 03/15/28		7,000		6,761
Brunswick Corp.
2.40%, due 08/18/31		35,813		28,943
CCO Holdings LLC/CCO Holdings Capital Corp., 144A
4.75%, due 03/01/30 (d)		2,980		2,723
5.125%, due 05/01/27 (d)		250		242
Charter Communications Operating LLC/Charter Communications Operating Capital
4.20%, due 03/15/28		9,950		9,557
Expedia Group, Inc.
4.625%, due 08/01/27		18,526		18,441
3.25%, due 02/15/30		5,860		5,372
5.00%, due 02/15/26		4,334		4,329
Lear Corp.
2.60%, due 01/15/32		6,935		5,612
Lithia Motors, Inc., 144A
3.875%, due 06/01/29 (d)		8,540		7,712
4.625%, due 12/15/27 (d)		2,980		2,864
M/I Homes, Inc.
3.95%, due 02/15/30		7,100		6,319
Marriott International, Inc.
2.75%, due 10/15/33		13,750		11,345
4.625%, due 06/15/30		9,400		9,231
MGM Resorts International
4.75%, due 10/15/28		13,875		13,220
Raising Cane's Restaurants LLC, 144A
9.375%, due 05/01/29 (d)		600		640
Tapestry, Inc.
7.85%, due 11/27/33		4,150		4,428
Thor Industries, Inc., 144A
4.00%, due 10/15/29 (d)		17,250		15,386
ZF North America Capital, Inc., 144A
6.875%, due 04/14/28 (d)		9,250		9,585
				166,958
ENERGY – 1.3%
Apache Corp.
5.35%, due 07/01/49		10,000		8,315
Chesapeake Energy Corp., 144A
5.875%, due 02/01/29 (d)		14,525		14,234
6.75%, due 04/15/29 (d)		8,000		8,074
Florida Gas Transmission Co. LLC, 144A
2.30%, due 10/01/31 (d)		14,750		12,101
Hess Midstream Operations LP, 144A
4.25%, due 02/15/30 (d)		20,000		18,400
Parsley Energy LLC/Parsley Finance Corp., 144A
4.125%, due 02/15/28 (d)		26,312		25,355
				86,479
REAL ESTATE – 1.1%
Alexandria Real Estate Equities, Inc.
4.75%, due 04/15/35		9,892		9,595
CBRE Services, Inc.
2.50%, due 04/01/31		10,750		9,096
Cushman & Wakefield U.S. Borrower LLC, 144A
6.75%, due 05/15/28 (d)		15,000		14,925
GLP Capital LP/GLP Financing II, Inc. REIT
4.00%, due 01/15/31		9,425		8,488
5.75%, due 06/01/28		4,975		5,020
5.25%, due 06/01/25		4,975		4,958
5.375%, due 04/15/26		3,925		3,901
Howard Hughes Corp., 144A
4.375%, due 02/01/31 (d)		4,250		3,686
5.375%, due 08/01/28 (d)		3,400		3,268
RHP Hotel Properties LP/RHP Finance Corp. REIT, 144A
4.50%, due 02/15/29 (d)		10,875		10,114
				73,051
MATERIALS – 0.5%
Anglo American Capital PLC, 144A
2.25%, due 03/17/28 (d)		18,750		16,708
3.875%, due 03/16/29 (d)		1,000		938
Glencore Funding LLC, 144A
2.625%, due 09/23/31 (d)		10,000		8,485
3.875%, due 10/27/27 (d)		4,950		4,758
Sealed Air Corp./Sealed Air Corp. U.S., 144A
7.25%, due 02/15/31 (d)		2,400		2,545
				33,434
HEALTH CARE – 0.4%
Baxter International, Inc.
2.539%, due 02/01/32		6,830		5,727
Embecta Corp., 144A
5.00%, due 02/15/30 (d)		11,602		9,841
Universal Health Services, Inc.
1.65%, due 09/01/26		7,750		7,051
				22,619
COMMUNICATION SERVICES – 0.3%
Charter Communications Operating LLC/Charter Communications Operating Capital
2.30%, due 02/01/32		8,665		6,895
4.908%, due 07/23/25		2,985		2,957

OAKMARK FUNDS

Oakmark Equity and Income Fund	December 31, 2023 (Unaudited)
Schedule of Investments (in thousands)

	Par Value		Value
FIXED INCOME – 37.5% (cont.)
CORPORATE BONDS – 15.7% (cont.)
COMMUNICATION SERVICES – 0.3% (cont.)
Meta Platforms, Inc.
4.95%, due 05/15/33	$	10,000	$	10,321
				20,173
CONSUMER STAPLES – 0.3%
Dollar General Corp.
5.45%, due 07/05/33		15,000		15,267
Imperial Brands Finance PLC, 144A
6.125%, due 07/27/27 (d)		4,000		4,107
				19,374
UTILITIES – 0.2%
NRG Energy, Inc., 144A
7.00%, due 03/15/33 (d)		2,400		2,537
Southern Co.
3.75% (5 yr. CMT + 2.915%), due 09/15/51 (c)		13,750		12,519
				15,056
INFORMATION TECHNOLOGY – 0.2%
Apple, Inc.
2.65%, due 02/08/51		6,000		4,107
Broadcom, Inc., 144A
3.469%, due 04/15/34 (d)		9,955		8,661
				12,768
Total Corporate Bonds (Cost $1,071,333)				1,015,261
GOVERNMENT AND AGENCY SECURITIES – 9.0%
U.S. GOVERNMENT NOTES – 5.1%
U.S. Treasury Notes
3.125%, due 08/15/25		142,000		139,171
2.25%, due 11/15/24		75,000		73,321
2.875%, due 05/15/32		75,000		69,498
3.50%, due 02/15/33		50,000		48,487
				330,477
U.S. GOVERNMENT BONDS – 3.9%
U.S. Treasury Bonds
3.625%, due 02/15/53		100,000		92,343
2.75%, due 08/15/42		90,000		72,995
3.875%, due 02/15/43		50,000		47,672
3.00%, due 08/15/52		45,000		36,800
				249,810
Total Government and Agency Securities (Cost $605,669)				580,287
ASSET BACKED SECURITIES – 4.0%
Ford Credit Auto Owner Trust, Series 2023-B-Class C,
5.71%, due 12/15/30		11,410		11,497
Carvana Auto Receivables Trust, Series 2021-N2-Class E, 144A,
2.90%, due 03/10/28 (d)		11,639		10,801
CCG Receivables Trust, Series 2023-1-Class B, 144A,
5.99%, due 09/16/30 (d)		10,000		10,104
Ford Credit Auto Owner Trust, Series 2023-A-Class C,
5.51%, due 09/15/30		10,000		9,961
Santander Drive Auto Receivables Trust, Series 2022-3-Class C,
4.49%, due 08/15/29		10,000		9,787
CPS Auto Receivables Trust, Series 2023-D-Class D, 144A,
7.80%, due 01/15/30 (d)		9,237		9,626
GreatAmerica Leasing Receivables Funding LLC, Series 2022-1-Class B, 144A,
5.74%, due 07/16/29 (d)		9,500		9,554
GM Financial Consumer Automobile Receivables Trust, Series 2023-4-Class C,
6.41%, due 05/16/29		8,750		9,016
LAD Auto Receivables Trust, Series 2022-1A-Class A, 144A,
5.21%, due 06/15/27 (d)		8,639		8,594
CarMax Auto Owner Trust , Series 2023-1-Class D,
6.27%, due 11/15/29		8,500		8,474
Hpefs Equipment Trust, Series 2023-2A-Class-C, 144A,
6.48%, due 01/21/31 (d)		8,000		8,146
CCG Receivables Trust, Series 2023-1-Class C, 144A,
6.28%, due 09/16/30 (d)		8,000		8,103
GreatAmerica Leasing Receivables Funding LLC, Series 2022-1-Class C, 144A,
5.98%, due 07/15/30 (d)		7,250		7,267
CPS Auto Receivables Trust, Series 2022-B-Class E, 144A,
7.14%, due 10/15/29 (d)		7,250		7,020
CPS Auto Receivables Trust, Series 2022-A-Class E, 144A,
4.88%, due 04/16/29 (d)		7,500		6,965
Sierra Timeshare Receivables Funding LLC, Series 2023-3A-Class C, 144A,
7.12%, due 09/20/40 (d)		6,833		6,935
Carmax Auto Owner Trust, Series 2023-3-Class C,
5.61%, due 02/15/29		6,330		6,345
Ford Credit Auto Owner Trust, Series 2022-C-Class C,
5.22%, due 03/15/30		6,000		5,975
CarMax Auto Owner Trust , Series 2023-1-Class C,
5.19%, due 01/16/29		6,000		5,939
Sierra Timeshare Receivables Funding LLC, Series 2023-2A-Class C, 144A,
7.30%, due 04/20/40 (d)		5,737		5,866
Santander Drive Auto Receivables Trust, Series 2022-5-Class C,
4.74%, due 10/16/28		5,750		5,663

Oakmark.com

Oakmark Equity and Income Fund	December 31, 2023 (Unaudited)
Schedule of Investments (in thousands)

	Par Value		Value
FIXED INCOME – 37.5% (cont.)
ASSET BACKED SECURITIES – 4.0% (cont.)
Hpefs Equipment Trust, Series 2022-3A-Class-C, 144A,
6.13%, due 08/20/29 (d)	$	5,500	$	5,509
Ford Credit Auto Owner Trust, Series 2022-D-Class C,
6.46%, due 05/15/30		5,300		5,419
Carvana Auto Receivables Trust, Series 2023-P2-Class C, 144A,
5.84%, due 07/10/29 (d)		4,982		4,947
Carvana Auto Receivables Trust, Series 2023-P4-Class D, 144A,
7.37%, due 10/10/30 (d)		4,740		4,887
CCG Receivables Trust, Series 2022-1-Class B, 144A,
4.42%, due 07/16/29 (d)		5,000		4,886
Hpefs Equipment Trust, Series 2023-2A-Class-D, 144A,
6.97%, due 07/21/31 (d)		4,750		4,870
CarMax Auto Owner Trust , Series 2022-2-Class D,
4.75%, due 10/16/28		5,000		4,819
CPS Auto Receivables Trust, Series 2023-C-Class D, 144A,
6.77%, due 10/15/29 (d)		4,750		4,799
Carvana Auto Receivables Trust, Series 2023-P2-Class D, 144A,
6.72%, due 06/10/30 (d)		4,000		4,018
GreatAmerica Leasing Receivables Funding LLC, Series 2023-1-Class B, 144A,
5.21%, due 03/15/30 (d)		4,000		3,953
CPS Auto Receivables Trust, Series 2023-C-Class E, 144A,
9.66%, due 02/18/31 (d)		3,750		3,840
CarMax Auto Owner Trust , Series 2023-2-Class C,
5.57%, due 11/15/28		3,750		3,738
CarMax Auto Owner Trust , Series 2023-2-Class D,
6.55%, due 10/15/29		3,610		3,600
Sierra Timeshare Receivables Funding LLC, Series 2023-2A-Class D, 144A,
9.72%, due 04/20/40 (d)		3,165		3,258
CPS Auto Receivables Trust, Series 2022-C-Class E, 144A,
9.08%, due 04/15/30 (d)		3,000		3,029
Carmax Auto Owner Trust, Series 2023-3-Class D,
6.44%, due 12/16/30		3,000		3,017
GreatAmerica Leasing Receivables Funding LLC, Series 2023-1-Class C, 144A,
5.50%, due 03/17/31 (d)		3,000		2,966
CCG Receivables Trust, Series 2022-1-Class C, 144A,
4.67%, due 07/16/29 (d)		3,000		2,929
Carvana Auto Receivables Trust, Series 2023-P3-Class B, 144A,
5.97%, due 09/10/29 (d)		2,750		2,776
Carvana Auto Receivables Trust, Series 2023-P3-Class C, 144A,
6.09%, due 11/13/29 (d)		2,675		2,708
CCG Receivables Trust, Series 2023-2-Class C, 144A,
6.45%, due 04/14/32 (d)		2,033		2,088
Carvana Auto Receivables Trust, Series 2022-P1-Class D,
4.80%, due 01/10/29		1,247		1,186
Carvana Auto Receivables Trust, Series 2020-P1-Class D,
1.82%, due 09/08/27		1,250		1,138
Carvana Auto Receivables Trust, Series 2023-P3-Class D, 144A,
6.82%, due 08/12/30 (d)		1,000		1,016
Carvana Auto Receivables Trust, Series 2023-P4-Class N, 144A,
8.05%, due 10/10/30 (d)		918		918
Sierra Timeshare Receivables Funding LLC, Series 2022-2A-Class C, 144A,
6.36%, due 06/20/40 (d)		880		879
Carvana Auto Receivables Trust, Series 2021-P2-Class D,
2.02%, due 05/10/28		605		535
Sierra Timeshare Receivables Funding LLC, Series 2022-2A-Class D, 144A,
9.22%, due 06/20/40 (d)		440		444
Carvana Auto Receivables Trust, Series 2023-P3-Class N, 144A,
8.05%, due 08/12/30 (d)		380		380
Carvana Auto Receivables Trust, Series 2023-P2-Class N, 144A,
8.64%, due 06/10/30 (d)		86		86
Total Asset Backed Securities (Cost $257,351)				260,276
COLLATERALIZED MORTGAGE OBLIGATIONS – 4.0%
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates, Series K-159-Class A2
4.50%, due 07/25/33 (c)		41,800		41,945
Federal Home Loan Mortgage Corp. Multifamily Structured Pass Through Certificates, Series K-147-Class A2
3.00%, due 06/25/32 (c)		40,000		35,965
Federal Home Loan Mortgage Corp. Multifamily Structured Pass Through Certificates, Series K-155-Class A2
4.25%, due 04/25/33		27,000		26,585
Federal Home Loan Mortgage Corp. Multifamily Structured Pass Through Certificates, Series K-1522-Class A2
2.361%, due 10/25/36		32,850		25,402

OAKMARK FUNDS

Oakmark Equity and Income Fund	December 31, 2023 (Unaudited)
Schedule of Investments (in thousands)

	Par Value		Value
FIXED INCOME – 37.5% (cont.)
COLLATERALIZED MORTGAGE OBLIGATIONS – 4.0% (cont.)
Bank, Series 2022-BNK40-Class A4
3.394%, due 03/15/64 (c)	$	26,302	$	23,452
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates, Series K-148-Class A2
3.50%, due 07/25/32 (c)		20,000		18,668
Federal Home Loan Mortgage Corp. STACR REMICS Trust, Series 2022-DNA5-Class M1A, 144A
8.287% (30 day USD SOFR Average + 2.950%), due 06/25/42 (c) (d)		14,000		14,372
Federal Home Loan Mortgage Corp. Multifamily Structured Pass Through Certificates, Series K-145-Class A2
2.58%, due 05/25/32		15,600		13,589
Federal Home Loan Mortgage Corp. STACR REMICS Trust, Series 2022-DNA6- Class M1A, 144A
7.487% (30 day USD SOFR Average + 2.150%), due 09/25/42 (c) (d)		11,035		11,136
Federal National Mortgage Association Connecticut Avenue Securities, Series 2022-R06-Class 1M1, 144A
8.087% (30 day USD SOFR Average + 2.750%), due 05/25/42 (c) (d)		9,715		9,988
JP Morgan Mortgage Trust, Series 2021-10-Class B1, 144A
2.807%, due 12/25/51 (c) (d)		10,037		7,807
Federal Home Loan Mortgage Corp. STACR REMICS Trust, Series 2022-DNA1-Class M1A, 144A
6.337% (30 day USD SOFR Average + 1.000%), due 01/25/42 (c) (d)		7,122		7,099
Federal Home Loan Mortgage Corp. Multifamily Structured Pass Through Certificates, Series K-1521-Class A2
2.184%, due 08/25/36		5,000		3,847
JP Morgan Mortgage Trust, Series 2022-6-Class B1, 144A
3.304%, due 11/25/52 (c) (d)		4,607		3,748
Federal Home Loan Mortgage Corp. STACR REMICS Trust, Series 2022-DNA3-Class M1A, 144A
7.337% (30 day USD SOFR Average + 2.000%), due 04/25/42 (c) (d)		3,240		3,269
Federal Home Loan Mortgage Corp. Multifamily Structured Pass Through Certificates, Series K-1517-Class A2
1.716%, due 07/25/35		4,000		2,996
Bank, Series 2022-BNK40-Class AS
3.394%, due 03/15/64 (c)		3,500		2,934
Federal National Mortgage Association Connecticut Avenue Securities, Series 2022-R03-Class 1M1, 144A
7.437% (30 day USD SOFR Average + 2.100%), due 03/25/42 (c) (d)		1,165		1,179
JP Morgan Mortgage Trust, Series 2022-3-Class B1, 144A
3.11%, due 08/25/52 (c) (d)		889		702
Federal National Mortgage Association Connecticut Avenue Securities, Series 2022-R04-Class 1M1, 144A
7.337% (30 day USD SOFR Average + 2.000%), due 03/25/42 (c) (d)		533		538
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS – 4.0% (Cost $258,864)				255,221
MORTGAGE-BACKED SECURITIES – 3.1%
Federal National Mortgage Association, Pool FS3883
4.50%, due 02/01/53		40,208		38,988
Federal National Mortgage Association, Pool CB4555
4.50%, due 09/01/52		35,158		34,091
Federal National Mortgage Association, Pool BW9842
4.50%, due 09/01/52		31,672		30,825
Federal Home Loan Mortgage Corp., Pool QD3619
2.50%, due 12/01/51		29,619		25,192
Federal Home Loan Mortgage Corp., Pool RA8038
4.50%, due 10/01/52		20,388		19,769
Federal National Mortgage Association, Pool FS5296
4.50%, due 05/01/53 (c)		15,075		14,617
Federal Home Loan Mortgage Corp., Pool  SD1724
4.00%, due 09/01/52		9,373		8,880
Federal National Mortgage Association, Pool MA4700
4.00%, due 08/01/52		9,276		8,774
Federal National Mortgage Association, Pool FM8692
2.50%, due 09/01/51		8,921		7,588
Federal National Mortgage Association, Pool MA4464
1.50%, due 11/01/51		7,573		5,899
Federal Home Loan Mortgage Corp., Pool RA7522
4.50%, due 06/01/52		6,007		5,824
Federal Home Loan Mortgage Corp., Pool SD8149
1.50%, due 06/01/51		1,933		1,509
TOTAL MORTGAGE-BACKED SECURITIES – 3.1% (Cost $202,122)				201,956

Oakmark.com

Oakmark Equity and Income Fund	December 31, 2023 (Unaudited)
Schedule of Investments (in thousands)

	Par Value		Value
FIXED INCOME – 37.5% (cont.)
BANK LOANS – 1.6%(e)
FINANCIALS – 0.5%
Citadel Securities LP 2023 Term Loan B
7.856% (1 mo. USD Term SOFR + 2.500%), due 07/29/30 (c)	$	19,879	$	19,904
GTCR W Merger Sub LLC
0.00%, due 09/20/30 (f)		10,500		10,540
				30,444
HEALTH CARE – 0.4%
Fortrea Holdings, Inc. Term Loan B
9.106% (1 mo. USD Term SOFR + 3.750%), due 07/01/30 (c)		4,975		4,967
Medline Borrower LP USD Term Loan B
8.47% (1 mo. USD Term SOFR + 3.000%), due 10/23/28 (c)		22,238		22,328
				27,295
INDUSTRIALS – 0.4%
Skymiles IP Ltd. 2020 Term Loan B
9.166% (3 mo. USD Term SOFR + 3.750%), due 10/20/27 (c)		11,200		11,456
Uber Technologies, Inc. 2023 Term Loan B
8.135% (3 mo. USD Term SOFR + 2.750%), due 03/03/30 (c)		12,694		12,724
				24,180
ENERGY – 0.2%
ChampionX Corp. 2022 Term Loan B2
8.206% (1 mo. USD Term SOFR + 2.750%), due 06/07/29 (c)		16,335		16,371
CONSUMER DISCRETIONARY – 0.1%
Peer Holding III BV 2023 Term Loan B4
0.00%, due 10/19/30 (f)		6,400		6,413
Total Bank Loans (Cost $103,999)				104,703
CONVERTIBLE BOND – 0.1%
Envista Holdings Corp, 144A,
1.75%, due 08/15/28 (d)		9,900		9,009
Total Convertible Bond (Cost $8,743)				9,009
TOTAL FIXED INCOME – 37.5% (Cost $2,508,081)				2,426,713
SHORT-TERM INVESTMENTS – 3.7%
REPURCHASE AGREEMENT – 3.5%
Fixed Income Clearing Corp. Repurchase Agreement, 5.32% dated 12/29/23 due 01/02/24, repurchase price $228,810, collateralized by a United States Treasury Notes, 0.375% - 4.625% due 01/31/26, - 03/15/26 aggregate value plus accrued interest of $233,249 (Cost: $228,675)		228,675		228,675
COMMERCIAL PAPER – 0.2%
American Honda Finance Corp.,
5.66%, due 01/09/24 (g)
(Cost $14,982)		15,000		14,975
TOTAL SHORT-TERM INVESTMENTS – 3.7% (Cost $243,657)				243,650
TOTAL INVESTMENTS – 100.1% (Cost $5,420,752)				6,478,572
Liabilities In Excess of Other Assets – (0.1)%				(5,501	)
NET ASSETS – 100.0%			$	6,473,071

(a)	Non-income producing security.
(b)	Security is perpetual and has no stated maturity date.
(c)	Floating Rate Note. Rate shown is as of December 31, 2023.
(d)	Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold, normally only to qualified institutional buyers.
(e)	Bank loans generally are subject to mandatory and/or optional prepayment. As a result, the actual remaining maturity of bank loans may be substantially less than the stated maturities shown.
(f)	This position represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate, which will be adjusted on settlement date.
(g)	The rate shown represents the annualized yield at the time of purchase; not a coupon rate.
Abbreviations:
	REIT: Real Estate Investment Trust
	SOFR: Secured Overnight Financing Rate

OAKMARK FUNDS

Oakmark Bond Fund	December 31, 2023 (Unaudited)
Schedule of Investments (in thousands)

	Shares		Value
PREFERRED STOCKS – 0.6%
COMMUNICATION SERVICES – 0.6%
Liberty Broadband Corp., Series A (a), 7.00%		31	$	676
TOTAL PREFERRED STOCKS – 0.6%
(Cost $821)				676

	Par Value		Value
FIXED INCOME – 96.1%
CORPORATE BONDS – 40.2%
FINANCIALS – 9.6%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust
5.75%, due 06/06/28		500		512
3.40%, due 10/29/33		500		429
Ally Financial, Inc.
4.70% (7 yr. CMT + 3.481%) (a) (b)		1,000		678
Apollo Commercial Real Estate Finance, Inc. REIT, 144A
4.625%, due 06/15/29 (c)		750		631
Capital One Financial Corp.
3.95%(5 yr. CMT + 3.157%) (a) (b)		1,000		801
7.624%(SOFR + 3.070%), due 10/30/31 (b)		250		275
Charles Schwab Corp.
5.853% (SOFR + 2.500%), due 05/19/34 (b)		1,000		1,032
Citigroup, Inc.
4.70%(SOFR + 3.234%) (a) (b)		1,250		1,163
7.625%(5 yr. CMT + 3.211%) (a) (b)		500		511
KKR Group Finance Co. XII LLC, 144A
4.85%, due 05/17/32 (c)		1,000		978
LPL Holdings, Inc.
6.75%, due 11/17/28		500		533
Morgan Stanley
5.164% (SOFR + 1.590%), due 04/20/29 (b)		500		503
Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc., 144A
3.875%, due 03/01/31 (c)		500		440
4.00%, due 10/15/33 (c)		250		212
Truist Financial Corp.
5.867% (SOFR + 2.361%), due 06/08/34 (b)		750		765
Wells Fargo & Co.
3.90%(5 yr. CMT + 3.453%) (a) (b)		1,000		924
6.303%(SOFR + 1.790%), due 10/23/29 (b)		500		527
				10,914
INDUSTRIALS – 8.2%
AutoNation, Inc.
3.85%, due 03/01/32		1,000		888
BAT Capital Corp.
2.259%, due 03/25/28		1,000		895
Boeing Co.
5.805%, due 05/01/50		650		673
2.70%, due 02/01/27		250		236
3.625%, due 02/01/31		200		186
GXO Logistics, Inc.
2.65%, due 07/15/31		500		410
Hilton Domestic Operating Co., Inc., 144A
3.625%, due 02/15/32 (c)		1,000		873
Howmet Aerospace, Inc.
3.00%, due 01/15/29		550		503
JBS USA LUX SA/JBS USA Food Co./JBS Luxembourg SARL, 144A
6.75%, due 03/15/34 (c)		1,000		1,054
MIWD Holdco II LLC/MIWD Finance Corp., 144A
5.50%, due 02/01/30 (c)		500		442
Stanley Black & Decker, Inc.
2.30%, due 03/15/30		500		425
Uber Technologies, Inc., 144A
4.50%, due 08/15/29 (c)		1,100		1,049
United Parcel Service, Inc.
4.875%, due 03/03/33		500		519
Viterra Finance BV, 144A
2.00%, due 04/21/26 (c)		1,000		928
5.25%, due 04/21/32 (c)		250		243
				9,324
CONSUMER DISCRETIONARY – 5.6%
Brunswick Corp.
2.40%, due 08/18/31		1,250		1,010
Daimler Truck Finance North America LLC, 144A
5.40%, due 09/20/28 (c)		500		510
Lithia Motors, Inc., 144A
4.375%, due 01/15/31 (c)		750		682
M/I Homes, Inc.
3.95%, due 02/15/30		500		445
Marriott International, Inc.
2.75%, due 10/15/33		1,000		825
Raising Cane's Restaurants LLC, 144A
9.375%, due 05/01/29 (c)		750		800
Tapestry, Inc.
7.85%, due 11/27/33		1,250		1,334
ZF North America Capital, Inc., 144A
6.875%, due 04/14/28 (c)		750		777
				6,383
ENERGY – 5.2%
Apache Corp.
5.35%, due 07/01/49		250		208
Chesapeake Energy Corp., 144A
5.875%, due 02/01/29 (c)		1,117		1,095
EQT Corp.
5.70%, due 04/01/28		1,000		1,015
Hess Midstream Operations LP, 144A
4.25%, due 02/15/30 (c)		750		690
Noble Finance II LLC, 144A
8.00%, due 04/15/30 (c)		500		520

OAKMARK FUNDS

Oakmark Bond Fund	December 31, 2023 (Unaudited)
Schedule of Investments (in thousands)

	Par Value		Value
FIXED INCOME – 96.1%  (cont.)
CORPORATE BONDS – 40.2%  (cont.)
ENERGY – 5.2%  (cont.)
Parsley Energy LLC/Parsley Finance Corp., 144A
4.125%, due 02/15/28 (c)	$	1,500	$	1,445
Patterson-UTI Energy, Inc.
7.15%, due 10/01/33		900		953
				5,926
MATERIALS – 3.4%
Anglo American Capital PLC, 144A
3.875%, due 03/16/29 (c)		1,000		938
ArcelorMittal SA
6.55%, due 11/29/27		1,000		1,050
Celanese U.S. Holdings LLC
6.70%, due 11/15/33		450		488
Glencore Funding LLC, 144A
2.625%, due 09/23/31 (c)		1,000		849
Sealed Air Corp./Sealed Air Corp. U.S., 144A
7.25%, due 02/15/31 (c)		500		530
				3,855
REAL ESTATE – 2.9%
Alexandria Real Estate Equities, Inc.
4.75%, due 04/15/35		650		631
CBRE Services, Inc.
2.50%, due 04/01/31		1,000		846
Cushman & Wakefield U.S. Borrower LLC, 144A
6.75%, due 05/15/28 (c)		1,000		995
GLP Capital LP/GLP Financing II, Inc. REIT
4.00%, due 01/15/31		500		450
Howard Hughes Corp., 144A
4.375%, due 02/01/31 (c)		500		434
				3,356
HEALTH CARE – 2.5%
Baxter International, Inc.
2.539%, due 02/01/32		685		574
CVS Health Corp.
5.25%, due 02/21/33		500		511
Embecta Corp., 144A
5.00%, due 02/15/30 (c)		580		492
Fortrea Holdings, Inc., 144A
7.50%, due 07/01/30 (c)		200		206
Tenet Healthcare Corp., 144A
6.75%, due 05/15/31 (c)		1,000		1,022
				2,805
UTILITIES – 1.5%
NRG Energy, Inc., 144A
7.00%, due 03/15/33 (c)		750		793
Southern Co.
3.75% (5 yr. CMT + 2.915%), due 09/15/51 (b)		1,000		910
				1,703
CONSUMER STAPLES – 1.1%
Dollar General Corp.
5.45%, due 07/05/33		500		509
Imperial Brands Finance PLC, 144A
6.125%, due 07/27/27 (c)		750		770
				1,279
COMMUNICATION SERVICES – 0.2%
Charter Communications Operating LLC/Charter Communications Operating Capital 2.30%, due 02/01/32		270		215
Total Corporate Bonds
(Cost $46,643)				45,760
COLLATERALIZED MORTGAGE OBLIGATIONS – 17.6%
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates, Series K-1515-Class A2
1.94%, due 02/25/35		5,200		4,069
Federal Home Loan Mortgage Corp. Multifamily Structured Pass Through Certificates, Series K-1522-Class A2
2.361%, due 10/25/36		5,200		4,021
Federal Home Loan Mortgage Corp. Multifamily Structured Pass Through Certificates, Series K-1521-Class A2
2.184%, due 08/25/36		5,200		4,001
Bank, Series 2022-BNK40-Class A4
3.394%, due 03/15/64 (b)		3,600		3,210
Federal National Mortgage Association Connecticut Avenue Securities, Series 2022-R06-Class 1M1, 144A
8.087% (30 day USD SOFR Average + 2.750%), due 05/25/42 (b) (c)		1,118		1,149
Federal National Mortgage Association Connecticut Avenue Securities, Series 2022-R04-Class 1M1, 144A
7.337% (30 day USD SOFR Average + 2.000%), due 03/25/42 (b) (c)		825		833
Federal Home Loan Mortgage Corp. Multifamily Structured Pass Through Certificates, Series K-1517-Class A2
1.716%, due 07/25/35		1,050		786
JP Morgan Mortgage Trust, Series 2022-3-Class B1, 144A
3.11%, due 08/25/52 (b) (c)		961		759
JP Morgan Mortgage Trust, Series 2022-8-Class B2, 144A
4.676%, due 01/25/53 (b) (c)		595		520
JP Morgan Mortgage Trust, Series 2020-5-Class B1, 144A
3.573%, due 12/25/50 (b) (c)		462		396

Oakmark.com

Oakmark Bond Fund	December 31, 2023 (Unaudited)
Schedule of Investments (in thousands)

		Par Value		Value
FIXED INCOME – 96.1%  (cont.)
COLLATERALIZED MORTGAGE OBLIGATIONS – 17.6% (cont.)
Federal Home Loan Mortgage Corp. STACR REMICS Trust, Series 2022-DNA3-Class M1A, 144A
7.337% (30 day USD SOFR Average + 2.000%), due 04/25/42 (b) (c)	$	326	$	329
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS – 17.6%
(Cost $19,595)				20,073
GOVERNMENT AND AGENCY SECURITIES – 14.0%
U.S. GOVERNMENT NOTES – 7.5%
U.S. Treasury Notes
3.50%, due 01/31/30		2,500		2,445
0.625%, due 08/15/30		3,000		2,433
4.125%, due 11/15/32		1,000		1,016
2.875%, due 05/15/32		1,000		927
2.75%, due 08/15/32		1,000		916
1.625%, due 05/15/31		1,000		858
				8,595
U.S. GOVERNMENT BONDS – 6.5%
U.S. Treasury Bonds
3.00%, due 08/15/52		2,500		2,044
4.375%, due 08/15/43		1,500		1,531
3.625%, due 05/15/53		1,500		1,387
1.875%, due 11/15/51		1,250		790
4.125%, due 08/15/53		500		505
3.375%, due 08/15/42		500		446
2.00%, due 11/15/41		500		362
2.00%, due 08/15/51		500		327
				7,392
Total Government and Agency Securities
(Cost $16,898)				15,987
ASSET BACKED SECURITIES – 9.4%
Hpefs Equipment Trust, Series 2022-3A-Class-C, 144A,
6.13%, due 08/20/29 (c)		1,000		1,002
Ford Credit Auto Owner Trust, Series 2022-C-Class C,
5.22%, due 03/15/30		1,000		996
Carvana Auto Receivables Trust, Series 2022-P1-Class D,
4.80%, due 01/10/29		1,000		951
Sierra Timeshare Receivables Funding LLC, Series 2023-2A-Class D, 144A,
9.72%, due 04/20/40 (c)		791		814
Carvana Auto Receivables Trust, Series 2021-P1-Class D,
1.82%, due 12/10/27		880		797
CPS Auto Receivables Trust, Series 2022-C-Class E, 144A,
9.08%, due 04/15/30 (c)		750		757
CCG Receivables Trust, Series 2023-2-Class C, 144A,
6.45%, due 04/14/32 (c)		500		513
Hpefs Equipment Trust, Series 2023-2A-Class-D, 144A,
6.97%, due 07/21/31 (c)		500		513
CPS Auto Receivables Trust, Series 2023-C-Class E, 144A,
9.66%, due 02/18/31 (c)		500		512
GreatAmerica Leasing Receivables Funding LLC, Series 2022-1-Class B, 144A,
5.74%, due 07/16/29 (c)		500		503
Carmax Auto Owner Trust, Series 2023-3-Class D,
6.44%, due 12/16/30		500		503
GreatAmerica Leasing Receivables Funding LLC, Series 2022-1-Class C, 144A,
5.98%, due 07/15/30 (c)		500		501
CarMax Auto Owner Trust , Series 2023-2-Class D,
6.55%, due 10/15/29		500		499
Santander Drive Auto Receivables Trust, Series 2022-5-Class C,
4.74%, due 10/16/28		500		492
CarMax Auto Owner Trust , Series 2022-2-Class D,
4.75%, due 10/16/28		500		482
Sierra Timeshare Receivables Funding LLC, Series 2022-1A-Class C, 144A,
3.94%, due 10/20/38 (c)		377		361
Sierra Timeshare Receivables Funding LLC, Series 2022-2A-Class D, 144A,
9.22%, due 06/20/40 (c)		330		333
Carvana Auto Receivables Trust, Series 2023-P4-Class N, 144A,
8.05%, due 10/10/30 (c)		142		142
Carvana Auto Receivables Trust, Series 2023-P2-Class N, 144A,
8.64%, due 06/10/30 (c)		10		10
Total Asset Backed Securities
(Cost $10,628)				10,681
MORTGAGE-BACKED SECURITIES – 7.3%
Federal National Mortgage Association, Pool MA4182
2.00%, due 11/01/50		5,093		4,189
Federal National Mortgage Association, Pool CB2773
2.00%, due 02/01/52		5,087		4,162
TOTAL MORTGAGE-BACKED SECURITIES – 7.3%
(Cost $7,575)				8,351

OAKMARK FUNDS

Oakmark Bond Fund	December 31, 2023 (Unaudited)
Schedule of Investments (in thousands)

		Par Value		Value
FIXED INCOME – 96.1%  (cont.)
BANK LOANS – 7.2%(d)
FINANCIALS – 2.0%
Citadel Securities LP 2023 Term Loan B
7.97% (1 mo. USD Term SOFR + 2.500%), due 07/29/30 (b)	$	1,236	$	1,238
GTCR W Merger Sub LLC
0.00%, due 09/20/30 (e)		1,000		1,004
				2,242
HEALTH CARE – 1.7%
Owens & Minor, Inc. 2022 Term Loan B
9.198% - 9.206% (3 mo. USD Term SOFR + 3.750%), due 03/29/29 (b)		431		431
Medline Borrower LP USD Term Loan B
8.47% (1 mo. USD Term SOFR + 3.000%), due 10/23/28 (b)		739		742
Fortrea Holdings, Inc. Term Loan B
9.106% (1 mo. USD Term SOFR + 3.750%), due 07/01/30 (b)		746		745
				1,918
CONSUMER DISCRETIONARY – 1.5%
Carrols Restaurant Group, Inc. Term Loan B
8.706% (1 mo. USD Term SOFR + 3.250%), due 04/30/26 (b)		791		773
Peer Holding III BV 2023 Term Loan B4
0.00%, due 10/19/30 (e)		1,000		1,002
				1,775
INDUSTRIALS – 1.1%
Skymiles IP Ltd. 2020 Term Loan B
9.166% (3 mo. USD Term SOFR + 3.750%), due 10/20/27 (b)		800		818
Uber Technologies, Inc. 2023 Term Loan B
8.135% (3 mo. USD Term SOFR + 2.750%), due 03/03/30 (b)		397		399
				1,217
ENERGY – 0.9%
ChampionX Corp. 2022 Term Loan B2
8.206% (1 mo. USD Term SOFR + 2.750%), due 06/07/29 (b)		990		992
Total Bank Loans
(Cost $8,016)				8,144
CONVERTIBLE BOND – 0.4%
HEALTH CARE – 0.4%
Envista Holdings Corp, 144A,
1.75%, due 08/15/28 (c)		500		455
Total Convertible Bond (Cost $448)				455
TOTAL FIXED INCOME – 96.1% (Cost $109,803)				109,451
SHORT-TERM INVESTMENTS – 4.3%
REPURCHASE AGREEMENT – 4.3%
Fixed Income Clearing Corp. Repurchase Agreement, 5.32% dated 12/29/23 due 01/02/24, repurchase price $4,917, collateralized by a United States Treasury Note, 0.625% due 01/15/26, value plus accrued interest of $5,012  (Cost: $4,914)		4,914		4,914
TOTAL SHORT-TERM INVESTMENTS – 4.3%
(Cost $4,914)				4,914
TOTAL INVESTMENTS – 101.0% (Cost $115,538)				115,041
Liabilities In Excess of Other Assets – (1.0)%				(1,153	)
NET ASSETS – 100.0%			$	113,888

(a)	Security is perpetual and has no stated maturity date.
(b)	Floating Rate Note. Rate shown is as of December 31, 2023.
(c)	Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold, normally only to qualified institutional buyers.
(d)	Bank loans generally are subject to mandatory and/or optional prepayment. As a result, the actual remaining maturity of bank loans may be substantially less than the stated maturities shown.
(e)	This position represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate, which will be adjusted on settlement date.
Abbreviations:
	REIT: Real Estate Investment Trust
	SOFR: Secured Overnight Financing Rate

Oakmark.com 

THE OAKMARK FUNDS

Notes to Schedules of Investments (Unaudited)

1. ORGANIZATION

The following are the significant accounting policies of Oakmark Fund (“Oakmark”), Oakmark Select Fund (“Select”), Oakmark Global Fund (“Global”), Oakmark Global Select Fund (“Global Select”), Oakmark International Fund (“International”), Oakmark International Small Cap Fund (“Int’l Small Cap”), Oakmark Equity and Income Fund (“Equity and Income”), and Oakmark Bond Fund (“Bond”) collectively referred to as the “Funds,” each a series of Harris Associates Investment Trust (the “Trust”), a Massachusetts business trust, organized on February 1, 1991, which is registered as an open-end management investment company under the Investment Company Act of 1940, as amended (the “1940 Act”) and accordingly follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 946 Financial Services— Investment Companies. Each Fund, other than Select and Global Select, is diversified in accordance with the 1940 Act. The following policies are in conformity with accounting principles generally accepted in the United States of America (“GAAP”).

2. SIGNIFICANT ACCOUNTING POLICIES

Security valuation

A Fund’s share price is also called the net asset value (the “NAV”) of a share. The NAV per share of each class of each Fund is normally determined by the Funds’ custodian as of the close of regular session trading (usually 4:00 p.m. Eastern time) on the New York Stock Exchange (the “NYSE”) on any day on which the NYSE is open for regular trading. If the NYSE is unexpectedly closed on a day it would normally be open for business, or if the NYSE has an unscheduled early closure, the Funds reserve the right to accept purchase and redemption orders and calculate their share price as of the normally scheduled close of regular trading on the NYSE for that day.

The NYSE is closed on Saturdays and Sundays and on New Year’s Day, the third Mondays in January and February, Good Friday, the last Monday in May, Juneteenth, Independence Day, Labor Day, Thanksgiving, and Christmas. If one of these holidays falls on a Saturday or Sunday, the NYSE will be closed on the preceding Friday or the following Monday, respectively. A Fund’s NAV will not be calculated on days when the NYSE is closed. The NAV of a class of Fund shares is determined by dividing the value of the assets attributable to that class, less liabilities attributable to that class, by the number of outstanding shares of that class.

Trading in securities of non-U.S. issuers takes place in various markets on some days and at times when the NYSE is not open for trading. In addition, securities of non-U.S. issuers may not trade on some days when the NYSE is open for trading. The value of the Funds’ portfolio holdings may change on days when the NYSE is not open for trading and you cannot purchase or redeem Fund shares.

Equity securities principally traded on securities exchanges in the United States are valued at the last reported sale price or the official closing price as of the time of valuation on that exchange, or lacking a reported sale price on the principal exchange at the time of valuation, at the most recent bid quotation on the principal exchange. Each over-the-counter security traded on the NASDAQ National Market System shall be valued at the NASDAQ Official Closing Price (“NOCP”), or lacking a NOCP at the time of valuation, at the most recent bid quotation. Other over-the-counter securities are valued at the last sales prices at the time of valuation or, lacking any reported sales on that day, at the most recent bid quotations.

Each equity security principally traded on a securities exchange outside the United States shall be valued, depending on local convention or regulation, at the last sale price, the last bid or asked price, the mean between the last bid and asked prices, the official closing price, an auction price, or the pricing convention accepted as the official closing price by MSCI for their index calculations. If there are unexpected disruptions in the primary market or valuations from the primary market are deemed suspect, equity securities may be valued based on a pricing composite or valuations from another exchange as of the close of the regular trading hours on the appropriate exchange or other designated time.

Short-term debt instruments (i.e., debt instruments whose maturities or expiration dates at the time of acquisition are one year or less) or money market instruments are valued at the latest bid quotation or an evaluated price from an independent pricing service. If a bid quotation or evaluated price from a pricing vendor is not available for short-term debt instrument or money market instrument maturing in 60 days or less from date of valuation, such instruments are valued at amortized cost, which approximates market value.

Long-term debt instruments are valued at the latest bid quotation or at an evaluated price provided by an independent pricing service. The pricing service may use standard inputs, such as benchmark yields, reported trades, broker-dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers, and reference data, including market research publications. For certain security types, additional inputs may be used or some of the standard inputs may not be applicable. Additionally, the pricing service monitors market indicators and industry and economic events, which may serve as a trigger to gather and possibly use additional market data.

Options are valued at the mean of the most recent bid and asked quotations. In the event an option is out of the money and no bid is available, a zero value may be assumed as the bid for purposes of calculating the mean of the most recent bid and ask quotations. In the event that designated pricing vendors are unable to provide valuations or timely valuations for Flexible Exchange (“FLEX”) options on a given day, each FLEX option purchased or written may be valued using the Option Valuation (“OVME”) function on Bloomberg. The OVME function requires objective inputs (strike price, exercise style and expiration dates) to derive a valuation using Bloomberg’s proprietary calculations. If Flex options are valued using the OVME function, they shall be valued at the mid of the buy and sell valuations produced by OVME.

To the extent available, prices for all portfolio investments held by the Funds shall be obtained from one or more pricing vendors designated by the custodian. If values or prices are not readily available or are deemed unreliable, or if an event that is expected to affect the value of a portfolio security occurs after the close of the primary market or exchange on which that security is traded and before the close of the NYSE, the security will be valued at a fair value determined in good faith in accordance with the Funds’ valuation procedures approved by the Board. As permitted by Rule 2a-5 of the 1940 Act, the Board has designated the Adviser as the Funds’ valuation designee (as defined in the rule). The valuation designee is responsible for determining fair value in good faith for any and all Fund investments, subject to oversight by the Board. The Funds may use a systematic fair valuation model provided by an independent pricing service to value securities of non-U.S. issuers in order to adjust for changes in value that may occur between the close of certain foreign exchanges and the NYSE. All assets and liabilities initially expressed in foreign currencies are converted into U.S. dollars at a current exchange price quoted by an independent pricing service or any major bank or dealer. If such quotations are not available, the rate of exchange will be determined in good faith in accordance with Fund policies and procedures. Although fair valuation may be more commonly used with equity securities of non-U.S. issuers, it also may be used in a range of other circumstances, including thinly-traded domestic securities or fixed-income securities. When fair value pricing is employed, the value of a portfolio security used by a Fund to calculate its NAV may differ from quoted or published prices for the same security.

Fair value measurement

Various inputs are used in determining the value of each Fund’s investments. These inputs are prioritized into three broad levels as follows:

Level 1 – quoted prices in active markets for identical securities

Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk and others)

Level 3 – significant unobservable inputs (including the assumptions of the Adviser in determining the fair value of investments)

Observable inputs are those based on market data obtained from independent sources and unobservable inputs reflect the Adviser’s own assumptions based on the best information available. The input levels are not necessarily an indication of risk or liquidity associated with investing in those securities.

The following is a summary of the inputs used as of December 31, 2023, in valuing each Fund’s assets and liabilities. Except for the industries or investment types separately stated below, the total amounts for common stocks, fixed income and short-term investments in the table below are presented by industry or investment type in each Fund’s Schedule of Investments. Information on forward foreign currency contracts is presented in each Fund’s Schedule of Investments.

(in thousands)	Quoted Prices in Active Markets for Identical Assets (Level 1)		Other Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Oakmark
Common Stocks	$	18,287,133	$	0	$	0
Short-Term Investments		0		1,049,582		0
Total	$	18,287,133	$	1,049,582	$	0
Select
Common Stocks	$	5,760,953	$	0	$	0
Short-Term Investments		0		413,351		0
Total	$	5,760,953	$	413,351	$	0
Global
Common Stocks	$	1,118,920	$	74,430	$	0
Short Term Investments		0		27,876		0
Total	$	1,118,920	$	102,306	$	0
Global Select
Common Stocks	$	913,682	$	102,180	$	0
Preferred Stocks		0		49,897		0
Short-Term Investments		0		51,662		0
Total	$	913,682	$	203,739	$	0
International
Common Stocks	$	18,301,023	$	1,121,326	$	0
Preferred Stocks		0		348,085		0
Short-Term Investments		0		565,983		0
Total	$	18,301,023	$	2,035,394	$	0
Int'l Small Cap
Common Stocks	$	1,345,085	$	72,531	$	0
Short-Term Investments		0		36,920		0
Total	$	1,345,085	$	109,451	$	0

(in thousands)	��	Quoted Prices in Active Markets for Identical Assets (Level 1)		Other Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Equity and Income
Common Stocks		$	3,803,272	$	0	$	0
Preferred Stocks			4,937		0		0
Corporate Bonds			0		1,015,261		0
Government and Agency Securities			0		580,287		0
Asset Backed Securities			0		260,276		0
Collateralized Mortgage Obligations			0		255,221		0
Mortgage-Backed Securities			0		201,956		0
Bank Loans			0		104,703		0
Convertible Bonds			0		9,009		0
Short-Term Investments			0		243,650		0
Total		$	3,808,209	$	2,670,363	$	0
Bond
Preferred Stocks		$	676	$	0	$	0
Corporate Bonds			0		45,760		0
Collateralized Mortgage Obligations			0		20,073		0
Government and Agency Securities			0		15,987		0
Asset Backed Securities			0		10,681		0
Mortgage-Backed Securities			0		8,351		0
Bank Loans			0		8,144		0
Convertible Bond			0		455		0
Short-Term Investments			0		4,914		0
Total		$	676	$	114,365	$	0

Foreign currency translations

Certain Funds invest in foreign securities, which may involve a number of risk factors and special considerations not present with investments in securities of U.S. corporations. Values of investments and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars at current exchange rates obtained by a recognized bank, dealer or independent pricing service on the day of valuation. Purchases and sales of investments and dividend and interest income are converted at the prevailing rate of exchange on the respective dates of such transactions.

Forward foreign currency contracts

Forward foreign currency contracts are agreements to exchange one currency for another at a future date and at a specified price. The Funds’ transactions in forward foreign currency contracts are limited to transaction and portfolio hedging. The contractual amounts of forward foreign currency contracts do not necessarily represent the amounts potentially subject to risk. The measurement of the risks associated with these instruments is meaningful only when all related and offsetting transactions are considered and could exceed the net unrealized value shown in the tables below. Risks arise from the possible inability of counterparties to meet the terms of their contracts and from movements in currency values. Forward foreign currency contracts are valued at the current day’s interpolated foreign exchange rates. Unrealized gain or loss on the contracts, as measured by the difference between the forward foreign exchange rates at the dates of entry into the contracts and the forward rates at the end of the period.

At December 31, 2023, none of the Funds had outstanding forward foreign currency contracts.

Short sales

Each Fund may sell a security it does not own in anticipation of a decline in the fair value of that security. When a Fund sells a security short, it must borrow the security sold short and deliver it to the broker-dealer through which it made the short sale. A gain, limited to the price at which the Fund sold the security short, or loss, unlimited in size, will be recognized upon the termination of the short sale. Each Fund may sell shares of when-issued securities. Typically, a Fund sells when-issued securities when a company announces a spin-off or re-organization, and the post spin-off or post reorganization shares begin trading on a when-issued basis prior to the effective date of the corporate action. A sale of a when-issued security is treated as a short sale under the U.S. Generally Accepted Accounting Principles. After the effective date, when shares of the new company are received, any shares sold on a when issued basis will be delivered to the counterparty. At December 31, 2023, none of the Funds had short sales..

When-issued or delayed-delivery securities

Each Fund may purchase securities on a when-issued or delayed-delivery basis. At December 31, 2023, each Fund qualifies as a limited derivatives user under Rule 18f-4 of the 1940 Act and has adopted policies and procedures to manage its derivatives risk. Although the payment and interest terms of these securities are established at the time a Fund enters into the commitment, the securities may be delivered and paid for a month or more after the date of purchase when their value may have changed. A Fund makes such commitments only with the intention of actually acquiring the securities, but may sell the securities before the settlement date if the Adviser deems it advisable for investment reasons. At December 31, 2023, none of the Funds held when-issued securities.

Accounting for options

When a Fund writes an option, the premium received by the Fund is recorded as a liability and is subsequently adjusted to the current fair value of the option written. Premiums received from writing options that expire are recorded by the Fund on the expiration date as realized gains from option transactions. The difference between the premium and the amount paid on effecting a closing purchase transaction, including brokerage commissions, is also treated as a realized gain, or if the premium is less than the amount paid for the closing purchase transaction, as a realized loss. If a call option is exercised, the premium is added to the proceeds from the sale of the underlying security or currency in determining whether the Fund has realized a gain or a loss. If a put option is exercised, the premium reduces the cost basis of the security or currency purchased by the Fund. In writing an option, the Fund bears the market risk of an unfavorable change in the price of the security or currency underlying the written option. As the writer of a covered call option on a security, a Fund foregoes, during the option's life, the opportunity to profit from increases in the market value of the security covering the call option above the sum of the premium and the exercise price of the call. Exercise of an option written by the Fund could result in the Fund selling or buying a security or currency at a price different from the current fair value. Options written by the Fund do not give rise to counterparty credit risk, as they obligate the Fund, not its counterparties, to perform.

When a Fund purchases an option, the premium paid by the Fund is recorded as an asset and is subsequently adjusted to the current fair value of the option purchased. Purchasing call options tends to increase the Fund’s exposure to the underlying instrument. Purchasing put options tends to decrease the Fund’s exposure to the underlying instrument. Premiums paid for purchasing options that expire are treated as realized losses. Premiums paid for purchasing options that are exercised or closed are added to the amounts paid or offset against the proceeds on the underlying security to determine the realized gain or loss. The risks associated with purchasing put and call options are potential loss of the premium paid and, in the instances of OTC derivatives, the failure of the counterparty to honor its obligation under the contract.

Oakmark and Select used purchased options for tax management and as an investment strategy in an effort to increase the Funds' returns during the period ended December 31, 2023. There were no purchased options outstanding at December 31, 2023.

Oakmark, Select and Bond used options written for tax management purposes and as an investment strategy in an effort to increase the Funds' returns during the period ended December 31, 2023. There were no written options outstanding at December 31, 2023.

For the period ended December 31, 2023, the amount of premiums paid (received) for equity options purchased and written are listed by Fund in the table below (in thousands):

	Equity		Equity
	Options		Options
Fund	Purchased		Written
Oakmark	$	10,406	$	(28,328	)
Select		13,563		(9,563	)
Bond		0		(46	)

Repurchase agreements

Each Fund may invest in repurchase agreements, which are short-term investments whereby the Fund acquires ownership of a debt security and the seller agrees to repurchase the security at a future date at a specified price.

The Funds’ custodian receives delivery of the underlying securities collateralizing repurchase agreements. It is the Funds’ policy that the value of the collateral be at least equal to 102% of the repurchase price, including interest. The Adviser is responsible for determining that the value of the collateral is at all times at least equal to 102% of the repurchase price, including interest. Repurchase agreements could involve certain risks in the event of default or insolvency of the counterparty, including possible delays or restrictions upon a Fund’s ability to dispose of the underlying securities. At December 31, 2023, all of the Funds held repurchase agreements.

Security lending

Each Fund may lend its portfolio securities to broker-dealers and banks. Any such loan must be continuously secured by collateral in cash, cash equivalents or U.S. Treasury or agency securities maintained on a current basis in an amount at least equal to the fair value of the securities loaned by a Fund. The Fund would continue to receive the equivalent of the interest or dividends paid by the issuer on the securities loaned and would also receive an additional return that may be in the form of a fixed fee or a percentage of the earnings on the collateral. The Fund has the right to call the loan and attempt to obtain the securities loaned at any time on notice of not more than five business days. In the event of bankruptcy or other default of the borrower, the Fund could experience delays in liquidating the loan collateral or recovering the loaned securities and incur expenses related to enforcing its rights. There could also be a decline in the value of the collateral or in the fair value of the securities loaned while the Fund seeks to enforce its rights thereto and the Fund could experience subnormal levels of income or lack of access to income during that period. A Fund may not exercise proxy voting rights for a security that is on loan if it is unable to recall the security prior to the record date. The Trust, on behalf of the Funds, has entered into an agreement with State Street to serve as its agent for the purpose of lending securities and maintaining the collateral account.

At December 31, 2023, none of the Funds had securities on loan.

3. INVESTMENTS IN AFFILIATED ISSUERS

A company was considered to be an affiliate of a Fund because that Fund owned 5% or more of the company's voting securities during all or part of the period ended December 31, 2023. Purchase and sale transactions and dividend and interest income earned during the period on these securities are listed after the applicable Fund's Schedule of Investments.

4. SUBSEQUENT EVENTS

The Adviser has evaluated the possibility of subsequent events existing in the Funds' Schedule of Investments. The Adviser has determined that there are no material events that would require adjustment or disclosure in the Funds' Schedule of Investments through the date of the publication of this report.