# Harris Associates Global Equity Fund
### Statement of Investments As at June 30, 2020
(expressed in USD)
Description
Quantity Currency	Cost	Evaluation % of Net
Assets
Transferable securities admitted to an official stock exchange listing Shares
| Australia |  |
| --- | --- |
| Incitec Pivot Ltd | 20,385,575 | AUD | 45,924,502 | 26,316,501 | 2.35 |
| China |  |  | 45,924,502 | 26,316,501 | 2.35 |
| Alibaba Group Holding Ltd | 239,200 | HKD | 6,176,284 | 6,468,827 | 0.58 |
| Germany |  |  | 6,176,284 | 6,468,827 | 0.58 |
| Allianz SE | 166,224 | EUR | 32,617,363 | 33,933,589 | 3.04 |
| Bayer AG | 332,642 | EUR | 29,349,860 | 24,579,595 | 2.20 |
| Continental AG | 320,800 | EUR | 50,803,763 | 31,404,316 | 2.81 |
| Daimler AG | 1,172,700 | EUR | 79,198,663 | 47,607,229 | 4.26 |
| Great Britain |  |  | 191,969,649 | 137,524,729 | 12.31 |
| Compass Group PLC | 701,300 | GBP | 10,565,805 | 9,635,772 | 0.86 |
| Liberty Global PLC | 1,090,700 | USD | 31,627,905 | 23,842,702 | 2.14 |
| Lloyds Banking Group PLC | 130,154,800 | GBP | 79,846,198 | 50,135,406 | 4.49 |
| Prudential PLC | 1,044,600 | GBP | 12,439,072 | 15,727,274 | 1.41 |
| Rolls-Royce Holdings PLC | 3,656,500 | GBP | 34,522,662 | 12,894,290 | 1.15 |
| Travis Perkins PLC | 1,576,967 | GBP | 25,631,731 | 21,930,372 | 1.96 |
| India |  |  | 194,633,373 | 134,165,816 | 12.01 |
| Axis Bank Ltd | 2,025,300 | INR | 12,543,853 | 10,907,912 | 0.98 |
| Ireland |  |  | 12,543,853 | 10,907,912 | 0.98 |
| Ryanair Holdings PLC ADR | 438,505 | USD | 37,481,105 | 29,090,422 | 2.60 |
| Japan |  |  | 37,481,105 | 29,090,422 | 2.60 |
| Toyota Motor Corp | 212,300 | JPY | 12,282,771 | 13,306,508 | 1.19 |
| Mexico |  |  | 12,282,771 | 13,306,508 | 1.19 |
| Grupo Televisa SAB ADR | 2,280,100 | USD | 55,437,269 | 11,947,724 | 1.07 |
| South Africa |  |  | 55,437,269 | 11,947,724 | 1.07 |
| Naspers Ltd | 167,790 | ZAR | 26,736,010 | 30,546,085 | 2.73 |
| South Korea |  |  | 26,736,010 | 30,546,085 | 2.73 |
| Samsung Electronics Co Ltd | 200,100 | KRW | 7,356,046 | 8,783,539 | 0.79 |
| Switzerland |  |  | 7,356,046 | 8,783,539 | 0.79 |
| Cie Financiere Richemont SA | 280,800 | CHF | 20,784,274 | 17,910,983 | 1.60 |
| Credit Suisse Group AG | 4,942,618 | CHF | 74,421,466 | 51,108,407 | 4.58 |
| Julius Baer Group Ltd | 776,560 | CHF | 34,515,946 | 32,494,965 | 2.91 |
| LafargeHolcim Ltd | 240,759 | CHF | 13,213,982 | 10,547,102 | 0.94 |
| TE Connectivity Ltd | 607,900 | USD | 37,148,027 | 49,574,245 | 4.44 |
| Taiwan |  |  | 180,083,695 | 161,635,702 | 14.47 |
| Taiwan Semiconductor Manufacturing Co Ltd | 267,000 | TWD | 2,011,562 | 2,832,483 | 0.25 |
| United States |  |  | 2,011,562 | 2,832,483 | 0.25 |
| Alphabet Inc | 45,659 | USD | 31,373,885 | 64,544,019 | 5.78 |

The accompanying notes form an integral part of these financial statements.
| Harris Associates Global Equity Fund |  |
| --- | --- |
| Statement of Investments (continued) As at June 30, 2020 |
| (expressed in USD) |
| Description | Quantity | Currency | Cost | Evaluation | % of Net Assets |
| Arconic Corp | 362,300 | USD | 6,064,166 | 5,046,839 | 0.45 |
| Bank of America Corp | 1,704,200 | USD | 30,473,046 | 40,474,750 | 3.62 |
| Booking Holdings Inc | 7,685 | USD | 13,445,257 | 12,237,133 | 1.10 |
| Charter Communications Inc | 72,715 | USD | 25,100,442 | 37,087,559 | 3.32 |
| Citigroup Inc | 523,300 | USD | 27,672,517 | 26,740,630 | 2.39 |
| CoreLogic Inc/United States | 324,300 | USD | 14,413,722 | 21,799,446 | 1.95 |
| Envista Holdings Corp | 651,200 | USD | 15,139,219 | 13,733,808 | 1.23 |
| Flowserve Corp | 41,500 | USD | 1,147,347 | 1,183,580 | 0.11 |
| General Motors Co | 1,616,200 | USD | 52,492,570 | 40,889,860 | 3.66 |
| Howmet Aerospace Inc | 1,119,300 | USD | 21,551,862 | 17,740,905 | 1.59 |
| Interpublic Group of Cos Inc/The | 1,157,400 | USD | 23,580,195 | 19,860,984 | 1.78 |
| Johnson Controls International PLC | 373,500 | USD | 14,200,207 | 12,751,290 | 1.14 |
| Live Nation Entertainment Inc | 252,200 | USD | 5,960,232 | 11,180,026 | 1.00 |
| Mastercard Inc | 235,375 | USD | 19,337,501 | 69,600,387 | 6.23 |
| National Oilwell Varco Inc | 902,900 | USD | 39,078,765 | 11,060,525 | 0.99 |
| Oracle Corp | 501,100 | USD | 18,702,382 | 27,695,797 | 2.48 |
| Pinterest Inc | 546,100 | USD | 10,101,551 | 12,107,037 | 1.08 |
| Southwest Airlines Co | 356,800 | USD | 18,144,081 | 12,195,424 | 1.09 |
| Tenet Healthcare Corp | 948,858 | USD | 31,881,368 | 17,183,818 | 1.54 |
|  |  |  | 419,860,315 | 475,113,817 | 42.53 |
| Total - Shares | 1,192,496,434 | 1,048,640,065 | 93.86 |
| Total - Transferable securities admitted to an official stock exchange listing | 1,192,496,434 | 1,048,640,065 | 93.86 |
| Transferable securities dealt in on another regulated market |  |  |  |
| Shares |  |  |  |
| Great Britain |  |  |  |  |  |
| CNH Industrial NV | 6,671,635 | EUR | 64,645,726 | 46,667,940 | 4.18 |
|  |  |  | 64,645,726 | 46,667,940 | 4.18 |
| Total - Shares | 64,645,726 | 46,667,940 | 4.18 |
| Total - Transferable securities dealt in on another regulated market | 64,645,726 | 46,667,940 | 4.18 |
| TOTAL INVESTMENT PORTFOLIO | 1,257,142,160 | 1,095,308,005 | 98.04 |

A detailed schedule of portfolio movements for the period from January 1, 2020 to June 30, 2020 is available free of charge upon request at the registered office of the SICAV.

## Harris Associates U.S. Equity Fund

### Statistics
As at June 30, 2020
Net asset value per share
| C/A (USD) | 118.39 |
| --- | --- |
| H-I/A (EUR) | 194.17 |
| H-N/A (EUR) | 150.92 |
| H-P/A (SGD) | 123.17 |
| H-R/A (EUR) | 99.10 |
| H-R/A (SGD) | 121.45 |
| I/A (USD) | 319.28 |
| I/A (EUR) | 284.46 |
| I/A (SGD) | 102.83 |
| I/D (USD) | 115.60 |
| N/A (USD) | 126.71 |
| N/A (EUR) | 113.99 |
| N1/A (USD) | 99.18 |
| R/A (USD) | 276.40 |
| R/A (EUR) | 246.18 |
| R/A (GBP) | 403.07 |
| R/A (SGD) | 169.59 |
| R/D (USD) | 192.79 |
| R/D (GBP) | 106.13 |
| RE/A (USD) | 137.81 |
| S/A (USD) | 138.14 |

Number of shares outstanding
| C/A (USD) | 6,869.980 |
| --- | --- |
| H-I/A (EUR) | 37,116.271 |
| H-N/A (EUR) | 20,427.105 |
| H-P/A (SGD) | 29,285.277 |
| H-R/A (EUR) | 262,630.933 |
| H-R/A (SGD) | 15,508.721 |
| I/A (USD) | 63,661.177 |
| I/A (EUR) | 31,655.436 |
| I/A (SGD) | 80,673.299 |
| I/D (USD) | 1,762.013 |
| N/A (USD) | 218.312 |
| N/A (EUR) | 1,762.665 |
| N1/A (USD) | 288,131.000 |
| R/A (USD) | 55,233.170 |
| R/A (EUR) | 15,369.668 |
| R/A (GBP) | 2.545 |
| R/A (SGD) | 51,857.081 |
| R/D (USD) | 6,588.859 |
| R/D (GBP) | 7.982 |
| RE/A (USD) | 1,218.822 |
| S/A (USD) | 1,358,121.483 |

Translation (ENDE, 2020-06-30):
# Harris Associates Global Equity Fund
## Wertpapierbestand Zum 30. Juni 2020
(Angaben in USD)
Beschreibung
Anzahl Währung	Kosten	Auswertung	% der Netto-
vermögens-
werte
Übertragbare Wertpapiere, die an einer amtlichen Börse zugelassen sind Aktien
| Australien |  |
| --- | --- |
| Incitec Pivot Ltd | 20.385.575 | AUD | 45.924.502 | 26.316.501 | 2,35 |
| China |  |  | 45.924.502 | 26.316.501 | 2,35 |
| Alibaba Group Holding Ltd | 239.200 | HKD | 6.176.284 | 6.468.827 | 0,58 |
| Deutschland |  |  | 6.176.284 | 6.468.827 | 0,58 |
| Allianz SE | 166.224 | EUR | 32.617.363 | 33.933.589 | 3,04 |
| Bayer AG | 332.642 | EUR | 29.349.860 | 24.579.595 | 2,20 |
| Continental AG | 320.800 | EUR | 50.803.763 | 31.404.316 | 2,81 |
| Daimler AG | 1.172.700 | EUR | 79.198.663 | 47.607.229 | 4,26 |
| Großbritannien |  |  | 191.969.649 | 137.524.729 | 12,31 |
| Compass Group PLC | 701.300 | GBP | 10.565.805 | 9.635.772 | 0,86 |
| Liberty Global PLC | 1.090.700 | USD | 31.627.905 | 23.842.702 | 2,14 |
| Lloyds Banking Group PLC | 130.154.800 | GBP | 79.846.198 | 50.135.406 | 4,49 |
| Prudential PLC | 1.044.600 | GBP | 12.439.072 | 15.727.274 | 1,41 |
| Rolls-Royce Holdings PLC | 3.656.500 | GBP | 34.522.662 | 12.894.290 | 1,15 |
| Travis Perkins PLC | 1.576.967 | GBP | 25.631.731 | 21.930.372 | 1,96 |
| Indien |  |  | 194.633.373 | 134.165.816 | 12,01 |
| Axis Bank Ltd | 2.025.300 | INR | 12.543.853 | 10.907.912 | 0,98 |
| Irland |  |  | 12.543.853 | 10.907.912 | 0,98 |
| Ryanair Holdings PLC ADR | 438.505 | USD | 37.481.105 | 29.090.422 | 2,60 |
| Japan |  |  | 37.481.105 | 29.090.422 | 2,60 |
| Toyota Motor Corp | 212.300 | JPY | 12.282.771 | 13.306.508 | 1,19 |
| Mexiko |  |  | 12.282.771 | 13.306.508 | 1,19 |
| Grupo Televisa SAB ADR | 2.280.100 | USD | 55.437.269 | 11.947.724 | 1,07 |
| Südafrika |  |  | 55.437.269 | 11.947.724 | 1,07 |
| Naspers Ltd | 167.790 | ZAR | 26.736.010 | 30.546.085 | 2,73 |
| Südkorea |  |  | 26.736.010 | 30.546.085 | 2,73 |
| Samsung Electronics Co Ltd | 200.100 | KRW | 7.356.046 | 8.783.539 | 0,79 |
| Schweiz |  |  | 7.356.046 | 8.783.539 | 0,79 |
| Cie Financiere Richemont SA | 280.800 | CHF | 20.784.274 | 17.910.983 | 1,60 |
| Credit Suisse Group AG | 4.942.618 | CHF | 74.421.466 | 51.108.407 | 4,58 |
| Julius Baer Group Ltd | 776.560 | CHF | 34.515.946 | 32.494.965 | 2,91 |
| LafargeHolcim Ltd | 240.759 | CHF | 13.213.982 | 10.547.102 | 0,94 |
| TE Connectivity Ltd | 607.900 | USD | 37.148.027 | 49.574.245 | 4,44 |
| Taiwan |  |  | 180.083.695 | 161.635.702 | 14,47 |
| Taiwan Semiconductor Manufacturing Co Ltd | 267.000 | TWD | 2.011.562 | 2.832.483 | 0,25 |
| Vereinigte Staaten |  |  | 2.011.562 | 2.832.483 | 0,25 |
| Alphabet Inc | 45.659 | USD | 31.373.885 | 64.544.019 | 5,78 |

| Harris Associates Global Equity Fund |
| --- |
| Wertpapierbestand (Fortsetzung) |
| Zum 30. Juni 2020 |  |  |  |  |  |
| (Angaben in USD) |  |  |  |  |  |
|  | Anzahl | Währung | Kosten | Auswertung | % der Netto- vermögens- werte |
| Beschreibung |  |  |  |  |
| Arconic Corp | 362.300 | USD | 6.064.166 | 5.046.839 | 0,45 |
| Bank of America Corp | 1.704.200 | USD | 30.473.046 | 40.474.750 | 3,62 |
| Booking Holdings Inc | 7.685 | USD | 13.445.257 | 12.237.133 | 1,10 |
| Charter Communications Inc | 72.715 | USD | 25.100.442 | 37.087.559 | 3,32 |
| Citigroup Inc | 523.300 | USD | 27.672.517 | 26.740.630 | 2,39 |
| CoreLogic Inc/United States | 324.300 | USD | 14.413.722 | 21.799.446 | 1,95 |
| Envista Holdings Corp | 651.200 | USD | 15.139.219 | 13.733.808 | 1,23 |
| Flowserve Corp | 41.500 | USD | 1.147.347 | 1.183.580 | 0,11 |
| General Motors Co | 1.616.200 | USD | 52.492.570 | 40.889.860 | 3,66 |
| Howmet Aerospace Inc | 1.119.300 | USD | 21.551.862 | 17.740.905 | 1,59 |
| Interpublic Group of Cos Inc/The | 1.157.400 | USD | 23.580.195 | 19.860.984 | 1,78 |
| Johnson Controls International PLC | 373.500 | USD | 14.200.207 | 12.751.290 | 1,14 |
| Live Nation Entertainment Inc | 252.200 | USD | 5.960.232 | 11.180.026 | 1,00 |
| Mastercard Inc | 235.375 | USD | 19.337.501 | 69.600.387 | 6,23 |
| National Oilwell Varco Inc | 902.900 | USD | 39.078.765 | 11.060.525 | 0,99 |
| Oracle Corp | 501.100 | USD | 18.702.382 | 27.695.797 | 2,48 |
| Pinterest Inc | 546.100 | USD | 10.101.551 | 12.107.037 | 1,08 |
| Southwest Airlines Co | 356.800 | USD | 18.144.081 | 12.195.424 | 1,09 |
| Tenet Healthcare Corp | 948.858 | USD | 31.881.368 | 17.183.818 | 1,54 |
|  |  |  | 419.860.315 | 475.113.817 | 42,53 |
| Summe - Aktien |  |  | 1.192.496.434 | 1.048.640.065 | 93,86 |
| Summe - Übertragbare Wertpapiere, die an einer amtlichen Börse zugelassen sind | 1.192.496.434 | 1.048.640.065 | 93,86 |
| An einem anderen geregelten Markt gehandelte übertragbare Wertpapiere |
| Aktien |  |  |  |  |  |
| Großbritannien |  |  |  |  |  |
| CNH Industrial NV | 6.671.635 | EUR | 64.645.726 | 46.667.940 | 4,18 |
|  |  |  | 64.645.726 | 46.667.940 | 4,18 |
| Summe - Aktien |  |  | 64.645.726 | 46.667.940 | 4,18 |
| Summe - An einem anderen geregelten Markt gehandelte übertragbare Wertpapiere | 64.645.726 | 46.667.940 | 4,18 |
| SUMME ANLAGEPORTFOLIO |  |  | 1.257.142.160 | 1.095.308.005 | 98,04 |

Eine detaillierte Übersicht über die Bestandsveränderungen im Berichtszeitraum vom 1. Januar 2020 bis zum
30. Juni 2020 ist auf Anfrage kostenlos am eingetragenen Geschäftssitz der SICAV erhältlich. Die Erläuterungen sind integraler Bestandteil dieses Abschlusses.
| Harris Associates U.S. Equity Fund |
| --- |
| Statistiken |  |
| Zum 30. Juni 2020 |  |
| Nettoinventarwert pro Anteil |  |
| C/A (USD) | 118,39 |
| H-I/A (EUR) | 194,17 |
| H-N/A (EUR) | 150,92 |
| H-P/A (SGD) | 123,17 |
| H-R/A (EUR) | 99,10 |
| H-R/A (SGD) | 121,45 |
| I/A (USD) | 319,28 |
| I/A (EUR) | 284,46 |
| I/A (SGD) | 102,83 |
| I/D (USD) | 115,60 |
| N/A (USD) | 126,71 |
| N/A (EUR) | 113,99 |
| N1/A (USD) | 99,18 |
| R/A (USD) | 276,40 |
| R/A (EUR) | 246,18 |
| R/A (GBP) | 403,07 |
| R/A (SGD) | 169,59 |
| R/D (USD) | 192,79 |
| R/D (GBP) | 106,13 |
| RE/A (USD) | 137,81 |
| S/A (USD) | 138,14 |
| Anzahl der umlaufenden Anteile |  |
| C/A (USD) | 6.869,980 |
| H-I/A (EUR) | 37.116,271 |
| H-N/A (EUR) | 20.427,105 |
| H-P/A (SGD) | 29.285,277 |
| H-R/A (EUR) | 262.630,933 |
| H-R/A (SGD) | 15.508,721 |
| I/A (USD) | 63.661,177 |
| I/A (EUR) | 31.655,436 |
| I/A (SGD) | 80.673,299 |
| I/D (USD) | 1.762,013 |
| N/A (USD) | 218,312 |
| N/A (EUR) | 1.762,665 |
| N1/A (USD) | 288.131,000 |
| R/A (USD) | 55.233,170 |
| R/A (EUR) | 15.369,668 |
| R/A (GBP) | 2,545 |
| R/A (SGD) | 51.857,081 |
| R/D (USD) | 6.588,859 |
| R/D (GBP) | 7,982 |
| RE/A (USD) | 1.218,822 |
| S/A (USD) | 1.358.121,483 |