# EDGAR Filing Document

**Accession Number:** 0000872323
**File Stem:** 0001752724-25-212130
**Filing Date:** 2025-8
**Character Count:** 132534
**Document Hash:** 3ecafe37224febf821cd2be7782a84fd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-212130.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001752724-25-212130

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250829

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HARRIS ASSOCIATES INVESTMENT TRUST
- **CENTRAL INDEX KEY:** 0000872323

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06279
- **FILM NUMBER:** 251276537

**BUSINESS ADDRESS:**
- **STREET 1:** HARRIS ASSOCIATES LP
- **STREET 2:** 111 S. WACKER DRIVE, SUITE 4600
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 8004769625

**MAIL ADDRESS:**
- **STREET 1:** HARRIS ASSOCIATES LP
- **STREET 2:** 111 S. WACKER DRIVE, SUITE 4600
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

## Series and Classes Contracts Data

### Oakmark Select Fund (Series ID: S000002759)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000007556 | Investor Class      | OAKLX           |
| C000174797 | Advisor Class       | OAYLX           |
| C000174798 | Institutional Class | OANLX           |
| C000225885 | R6 Class            | OAZLX           |

## Nport-Ex

---

| | |
|:---|:---|
| **Oakmark Fund** | **June 30, 2025 (Unaudited)** |
| ***Schedule of Investments (in thousands)*** |  |

---

---

| | | |
|:---|:---|:---|
|  | Shares | Value |
| **COMMON STOCKS – 94.1%** | **COMMON STOCKS – 94.1%** | **COMMON STOCKS – 94.1%** |
| **FINANCIALS – 37.6%** | **FINANCIALS – 37.6%** | **FINANCIALS – 37.6%** |
| **FINANCIAL SERVICES – 22.1%** | **FINANCIAL SERVICES – 22.1%** | **FINANCIAL SERVICES – 22.1%** |
| Charles Schwab Corp. | 7990 | $729014 |
| Intercontinental Exchange, Inc. | 3531 | 647869 |
| Capital One Financial Corp. | 2696 | 573601 |
| Ally Financial, Inc. | 13706 | 533844 |
| State Street Corp. | 4936 | 524862 |
| Nasdaq, Inc. | 5104 | 456427 |
| Fiserv, Inc. (a) | 2581 | 445008 |
| Global Payments, Inc. (b) | 4812 | 385137 |
| Carlyle Group, Inc. | 6687 | 343722 |
| Bank of New York Mellon Corp. | 3393 | 309093 |
| Corebridge Financial, Inc. | 7780 | 276190 |
| Blackrock, Inc. | 150 | 157388 |
|  |  | 5382155 |
| **BANKS – 9.8%** |  |  |
| Citigroup, Inc. | 9993 | 850587 |
| Bank of America Corp. | 11919 | 564026 |
| First Citizens BancShares, Inc., Class A | 266 | 519443 |
| Wells Fargo & Co. | 5465 | 437856 |
|  |  | 2371912 |
| **INSURANCE – 5.7%** |  |  |
| Willis Towers Watson PLC | 1860 | 570090 |
| American International Group, Inc. | 6334 | 542130 |
| Reinsurance Group of America, Inc. | 1334 | 264618 |
|  |  | 1376838 |
|  |  | 9130905 |
| **HEALTH CARE – 10.8%** | **HEALTH CARE – 10.8%** | **HEALTH CARE – 10.8%** |
| **HEALTH CARE EQUIPMENT & SERVICES – 7.1%** |  |  |
| Centene Corp. (a) | 9022 | 489698 |
| Elevance Health, Inc. | 1072 | 416965 |
| GE HealthCare Technologies, Inc. | 5268 | 390201 |
| Zimmer Biomet Holdings, Inc. | 2590 | 236234 |
| Baxter International, Inc. | 6470 | 195911 |
|  |  | 1729009 |
| **PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES – 3.7%** |  |  |
| Merck & Co., Inc. | 5926 | 469102 |
| IQVIA Holdings, Inc. (a) | 2753 | 433893 |
|  |  | 902995 |
|  |  | 2632004 |
| **COMMUNICATION SERVICES – 10.2%** | **COMMUNICATION SERVICES – 10.2%** | **COMMUNICATION SERVICES – 10.2%** |
| **MEDIA & ENTERTAINMENT – 10.2%** |  |  |
| Alphabet, Inc., Class A | 5013 | 883476 |
| Charter Communications, Inc., Class A (a) | 1333 | 545032 |
| Comcast Corp., Class A | 12050 | 430068 |
| Warner Bros. Discovery, Inc. (a) | 36534 | 418674 |
| Liberty Broadband Corp., Class C (a) | 2020 | 198727 |
|  |  | 2475977 |
| **CONSUMER DISCRETIONARY – 9.6%** | **CONSUMER DISCRETIONARY – 9.6%** | **CONSUMER DISCRETIONARY – 9.6%** |
| **AUTOMOBILES & COMPONENTS – 3.1%** |  |  |
| General Motors Co. | 11255 | 553863 |
| Magna International, Inc. | 5400 | 208494 |
|  |  | 762357 |
| **CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL – 2.5%** |  |  |
| Amazon.com, Inc. (a) | 1745 | 382836 |
| Genuine Parts Co. | 1775 | 215325 |
|  |  | 598161 |
| **CONSUMER SERVICES – 2.2%** |  |  |
| Airbnb, Inc., Class A (a) | 4082 | 540212 |
| **CONSUMER DURABLES & APPAREL – 1.8%** |  |  |
| NIKE, Inc., Class B | 6235 | 442934 |
|  |  | 2343664 |
| **ENERGY – 9.2%** | **ENERGY – 9.2%** | **ENERGY – 9.2%** |
| Phillips 66 | 5176 | 617545 |
| ConocoPhillips | 6648 | 596627 |
| Marathon Petroleum Corp. | 2570 | 426903 |
| EOG Resources, Inc. | 2683 | 320945 |
| APA Corp. | 14684 | 268574 |
|  |  | 2230594 |
| **INDUSTRIALS – 7.1%** | **INDUSTRIALS – 7.1%** | **INDUSTRIALS – 7.1%** |
| **CAPITAL GOODS – 3.2%** |  |  |
| Fortune Brands Innovations, Inc. | 5498 | 283053 |
| Masco Corp. | 4231 | 272333 |
| Deere & Co. | 424 | 215757 |
|  |  | 771143 |
| **COMMERCIAL & PROFESSIONAL SERVICES – 2.1%** |  |  |
| Equifax, Inc. | 1957 | 507509 |
| **TRANSPORTATION – 1.8%** |  |  |
| Delta Air Lines, Inc. | 8904 | 437904 |
|  |  | 1716556 |
| **CONSUMER STAPLES – 3.1%** | **CONSUMER STAPLES – 3.1%** | **CONSUMER STAPLES – 3.1%** |
| **FOOD, BEVERAGE & TOBACCO – 2.8%** |  |  |
| Keurig Dr. Pepper, Inc. | 13982 | 462245 |
| Constellation Brands, Inc., Class A | 1370 | 222872 |
|  |  | 685117 |
| **HOUSEHOLD & PERSONAL PRODUCTS – 0.3%** |  |  |
| Kenvue, Inc. | 3425 | 71683 |
|  |  | 756800 |
| **INFORMATION TECHNOLOGY – 2.7%** | **INFORMATION TECHNOLOGY – 2.7%** | **INFORMATION TECHNOLOGY – 2.7%** |
| **TECHNOLOGY HARDWARE & EQUIPMENT – 1.6%** |  |  |
| TE Connectivity PLC | 2350 | 396449 |
| **SOFTWARE & SERVICES – 1.1%** |  |  |
| Salesforce, Inc. (b) | 920 | 250875 |
|  |  | 647324 |
| **MATERIALS – 2.0%** | **MATERIALS – 2.0%** | **MATERIALS – 2.0%** |
| Corteva, Inc. | 4457 | 332188 |

---

**OAKMARK FUNDS**

---

| | |
|:---|:---|
| **Oakmark Fund** | **June 30, 2025 (Unaudited)** |
| ***Schedule of Investments (in thousands)*** |  |

---

---

| | | |
|:---|:---|:---|
|  | Shares | Value |
| **COMMON STOCKS – 94.1% *(cont.)*** | **COMMON STOCKS – 94.1% *(cont.)*** | **COMMON STOCKS – 94.1% *(cont.)*** |
| **MATERIALS – 2.0% *(cont.)*** |  |  |
| Celanese Corp. | 2700 | $149391 |
|  |  | 481579 |
| **REAL ESTATE – 1.8%** | **REAL ESTATE – 1.8%** | **REAL ESTATE – 1.8%** |
| **REAL ESTATE MANAGEMENT& DEVELOPMENT – 1.8%** |  |  |
| CBRE Group,Inc., Class A (a) | 3056 | 428207 |
| **TOTAL COMMON STOCKS – 94.1%** |  |  |
| **(Cost $17,700,035)** |  | **22843610** |

---

---

| | | |
|:---|:---|:---|
|  | Par Value | Value |
| **SHORT-TERM INVESTMENTS – 5.9%** | **SHORT-TERM INVESTMENTS – 5.9%** | **SHORT-TERM INVESTMENTS – 5.9%** |
| **REPURCHASE AGREEMENT – 5.9%** |  |  |
| Fixed Income Clearing Corp. Repurchase Agreement, 4.39% dated 6/30/25 due 7/1/25, repurchase price $1,438,670, collateralized by United States Treasury Notes, 2.750% - 4.750% due 7/15/27 - 11/15/53, aggregate value plus accrued interest of $1,467,264 (Cost: $1,438,494) | $1438494 | 1438494 |
| **TOTAL SHORT-TERM INVESTMENTS – 5.9%** |  |  |
| **(Cost $1,438,494)** |  | **1438494** |
| **TOTAL INVESTMENTS – 100.0%<br> (Cost $19,138,529)** |  | **24282104** |
| Other Assets In Excess of Liabilities – 0.0% (c) |  | 6045 |
| **TOTAL NET ASSETS – 100.0%** |  | $**24288149** |

---

(a) Non-income producing security.

(b) All or a portion of this investment is held in connection with one or more options within the Fund.

(c) Amount rounds to less than 0.1%.

***Oakmark.com***

---

| | |
|:---|:---|
| **Oakmark Fund** | **June 30, 2025 (Unaudited)** |
| ***Schedule of Investments (in thousands)*** |  |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **WRITTEN OPTIONS** | **WRITTEN OPTIONS** | **WRITTEN OPTIONS** | **WRITTEN OPTIONS** | **WRITTEN OPTIONS** | **WRITTEN OPTIONS** | **WRITTEN OPTIONS** | **WRITTEN OPTIONS** |
| **Description** | **Exercise<br> Price** | **Expiration<br> Date** | **Number of<br> Contracts** | **Notional<br> Amount** | **Market <br> Value** | **Premiums<br> (Received)<br> by Fund** | **Unrealized<br> Gain/(Loss)** |
| &nbsp;&nbsp;&nbsp;**PUTS** | &nbsp;&nbsp;&nbsp;**PUTS** | &nbsp;&nbsp;&nbsp;**PUTS** | &nbsp;&nbsp;&nbsp;**PUTS** | &nbsp;&nbsp;&nbsp;**PUTS** | &nbsp;&nbsp;&nbsp;**PUTS** | &nbsp;&nbsp;&nbsp;**PUTS** | &nbsp;&nbsp;&nbsp;**PUTS** |
| Global Payments, Inc. | $75.00 | 9/19/25 | (5539) | $(44334) | $(1717) | $(2732) | $1015 |
| Salesforce, Inc. | $260.00 | 7/18/25 | (8500) | $(231787) | $(1649) | $(9584) | $7935 |
|  |  |  |  | $(276121) | $(3366) | $(12316) | $8950 |

---

**OAKMARK FUNDS**

---

| | |
|:---|:---|
| **Oakmark Select Fund** | **June 30, 2025 (Unaudited)** |
| ***Schedule of Investments (in thousands)*** |  |

---

---

| | | |
|:---|:---|:---|
|  | Shares | Value |
| **COMMON STOCKS – 95.2%** | **COMMON STOCKS – 95.2%** | **COMMON STOCKS – 95.2%** |
| **FINANCIALS – 24.6%** | **FINANCIALS – 24.6%** | **FINANCIALS – 24.6%** |
| **FINANCIAL SERVICES – 18.1%** | **FINANCIAL SERVICES – 18.1%** | **FINANCIAL SERVICES – 18.1%** |
| Capital One Financial Corp. | 1808 | $384690 |
| Intercontinental Exchange,Inc. | 1911 | 350584 |
| Charles Schwab Corp. | 3841 | 350475 |
| Ally Financial,Inc. | 6048 | 235562 |
|  |  | 1321311 |
| **BANKS – 6.5%** | **BANKS – 6.5%** | **BANKS – 6.5%** |
| First Citizens BancShares,Inc., Class A | 244 | 478224 |
|  |  | 1799535 |
| **HEALTH CARE – 12.5%** | **HEALTH CARE – 12.5%** | **HEALTH CARE – 12.5%** |
| **PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES – 8.5%** | **PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES – 8.5%** | **PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES – 8.5%** |
| IQVIA Holdings,Inc. (a) | 2660 | 419189 |
| Charles River Laboratories International,Inc. (a) | 678 | 102873 |
| ICON PLC (a) | 693 | 100797 |
|  |  | 622859 |
| **HEALTH CARE EQUIPMENT & SERVICES – 4.0%** | **HEALTH CARE EQUIPMENT & SERVICES – 4.0%** | **HEALTH CARE EQUIPMENT & SERVICES – 4.0%** |
| Molina Healthcare,Inc. (a) | 494 | 147263 |
| Centene Corp. (a) | 2612 | 141785 |
|  |  | 289048 |
|  |  | 911907 |
| **CONSUMER DISCRETIONARY – 11.9%** | **CONSUMER DISCRETIONARY – 11.9%** | **CONSUMER DISCRETIONARY – 11.9%** |
| **CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL – 6.0%** | **CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL – 6.0%** | **CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL – 6.0%** |
| Lithia Motors,Inc. (b) | 1309 | 442240 |
| **CONSUMER SERVICES – 5.9%** | **CONSUMER SERVICES – 5.9%** | **CONSUMER SERVICES – 5.9%** |
| Airbnb,Inc., Class A (a) | 3237 | 428371 |
|  |  | 870611 |
| **ENERGY – 11.4%** | **ENERGY – 11.4%** | **ENERGY – 11.4%** |
| Phillips 66 | 3187 | 380209 |
| ConocoPhillips | 3367 | 302146 |
| APA Corp. | 8191 | 149810 |
|  |  | 832165 |
| **COMMUNICATION SERVICES – 11.2%** | **COMMUNICATION SERVICES – 11.2%** | **COMMUNICATION SERVICES – 11.2%** |
| **MEDIA & ENTERTAINMENT – 11.2%** | **MEDIA & ENTERTAINMENT – 11.2%** | **MEDIA & ENTERTAINMENT – 11.2%** |
| Alphabet,Inc., Class A | 1989 | 350455 |
| Warner Bros. Discovery,Inc. (a) | 23575 | 270169 |
| Liberty Broadband Corp., Class C (a) | 1211 | 119138 |
| Charter Communications,Inc., Class A (a) | 183 | 74608 |
|  |  | 814370 |
| **INDUSTRIALS – 11.1%** | **INDUSTRIALS – 11.1%** | **INDUSTRIALS – 11.1%** |
| **COMMERCIAL & PROFESSIONAL SERVICES – 7.5%** | **COMMERCIAL & PROFESSIONAL SERVICES – 7.5%** | **COMMERCIAL & PROFESSIONAL SERVICES – 7.5%** |
| Equifax,Inc. | 1183 | 306835 |
| Paycom Software,Inc. | 1034 | 239198 |
|  |  | 546033 |
| **CAPITAL GOODS – 3.6%** |  |  |
| Deere & Co. | 526 | 267313 |
|  |  | 813346 |
| **REAL ESTATE – 4.6%** |  |  |
| **REAL ESTATE MANAGEMENT & DEVELOPMENT – 4.6%** |  |  |
| CBRE Group, Inc., Class A (a) | 2371 | 332274 |
| **CONSUMER STAPLES – 4.3%** |  |  |
| **FOOD, BEVERAGE & TOBACCO – 4.3%** |  |  |
| Keurig Dr. Pepper, Inc. | 9398 | 310685 |
| **INFORMATION TECHNOLOGY – 3.6%** |  |  |
| **SOFTWARE & SERVICES – 3.6%** |  |  |
| Salesforce, Inc. | 956 | 260692 |
| **TOTAL COMMON STOCKS – 95.2%** |  |  |
| **(Cost $5,480,352)** |  | **6945585** |

---

---

| | | |
|:---|:---|:---|
|  | Par Value | Value |
| **SHORT-TERM INVESTMENTS – 4.8%** | **SHORT-TERM INVESTMENTS – 4.8%** | **SHORT-TERM INVESTMENTS – 4.8%** |
| **REPURCHASE AGREEMENT – 4.8%** |  |  |
| Fixed Income Clearing Corp. Repurchase Agreement, 4.39% dated 6/30/25 due 7/1/25, repurchase price $352,611, collateralized by United States Treasury Notes, 3.750% - 4.375% due 6/30/27 - 7/15/27, aggregate value plus accrued interest of $359,619 (Cost: $352,568) | $352568 | 352568 |
| **TOTAL SHORT-TERM INVESTMENTS – 4.8%** |  |  |
| **(Cost $352,568)** |  | **352568** |
| **TOTAL INVESTMENTS – 100.0%<br> (Cost $5,832,920)** |  | **7298153** |
| Other Assets In Excess of Liabilities – 0.0% (c) |  | 2344 |
| **TOTAL NET ASSETS – 100.0%** |  | $**7300497** |

---

(a) Non-income producing security.

(b) See Note 2 in the Notes to Schedules of Investments regarding investments in affiliated issuers.

(c) Amount rounds to less than 0.1%.

**OAKMARK FUNDS**

---

| | |
|:---|:---|
| **Oakmark Select Fund** | **June 30, 2025 (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<br> (Cost) | Sales<br> (Proceeds) | Realized<br> Gain/(Loss) | Change in<br> Unrealized | Dividend<br> Income | Value<br> September<br> 30, 2024 | Value <br>June 30, <br> 2025 | Percent of<br> Net <br> Assets |
| Lithia Motors Cl A | 1309 | $11450 | $9761 | $4528 | $23409 | $2102 | $412614 | $442240 | 6.1% |

---

***Oakmark.com***

---

| |
|:---|
| **OAKMARK GLOBAL FUND** |
| **Global Diversification —June 30, 2025 (Unaudited)** |

---

---

| | | | |
|:---|:---|:---|:---|
|  |  | **% of Equity Investments** | **% of Equity Investments** |
| **North America** |  | **51.7%** |  |
|  | United States |  | 51.7% |
| **Europe** |  | **44.9%** |  |
|  | France\* |  | 9.2% |
|  | Germany\* |  | 9.1% |
|  | United Kingdom |  | 8.0% |
|  | Switzerland |  | 6.8% |
|  | Netherlands\* |  | 4.6% |
|  | Ireland\* |  | 3.9% |
|  | Denmark |  | 3.3% |
| **Asia** |  | **3.4%** |  |
|  | South Korea• |  | 1.9% |
|  | China• |  | 1.5% |

---

\* Euro currency countries comprise 26.8% of equity investments.

---

| | |
|:---|:---|
| **Oakmark Global Fund** | **June 30, 2025 (Unaudited)** |
| ***Schedule of Investments (in thousands)*** |  |

---

---

| | | |
|:---|:---|:---|
|  | Shares | Value |
| **COMMON STOCKS AND EQUITY-LINKED SECURITY – 97.9%** | **COMMON STOCKS AND EQUITY-LINKED SECURITY – 97.9%** | **COMMON STOCKS AND EQUITY-LINKED SECURITY – 97.9%** |
| **FINANCIALS – 22.0%** | **FINANCIALS – 22.0%** | **FINANCIALS – 22.0%** |
| **FINANCIAL SERVICES – 10.4%** |  |  |
| Corebridge Financial, Inc. (United States) | 907 | $32184 |
| Julius Baer Group Ltd. (Switzerland) | 448 | 30307 |
| Capital One Financial Corp. (United States) | 114 | 24276 |
| St. James's Place PLC (United Kingdom) | 957 | 15545 |
| Intercontinental Exchange, Inc. (United States) | 67 | 12256 |
|  |  | 114568 |
| **INSURANCE – 6.9%** |  |  |
| Willis Towers Watson PLC (United States) | 92 | 28137 |
| Prudential PLC (United Kingdom) | 1991 | 24937 |
| American International Group, Inc. (United States) | 271 | 23178 |
|  |  | 76252 |
| **BANKS – 4.7%** |  |  |
| BNP Paribas SA (France) | 294 | 26422 |
| Bank of America Corp. (United States) | 532 | 25155 |
|  |  | 51577 |
|  |  | 242397 |
| **CONSUMER DISCRETIONARY – 17.0%** |  |  |
| **CONSUMER DURABLES & APPAREL – 5.5%** |  |  |
| Kering SA (France) | 109 | 23610 |
| adidas AG (Germany) | 90 | 20963 |
| Brunswick Corp. (United States) | 300 | 16555 |
|  |  | 61128 |
| **AUTOMOBILES & COMPONENTS – 4.4%** |  |  |
| General Motors Co. (United States) | 386 | 19004 |
| Bayerische Motoren Werke AG (Germany) | 170 | 15102 |
| Mercedes-Benz Group AG (Germany) | 254 | 14850 |
|  |  | 48956 |
| **CONSUMER SERVICES – 3.8%** |  |  |
| Airbnb, Inc., Class A (United States) (a) | 214 | 28334 |
| Vail Resorts, Inc. (United States) | 82 | 12947 |
|  |  | 41281 |
| **CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL – 3.3%** |  |  |
| Prosus NV (Netherlands) | 330 | 18472 |
| Alibaba Group Holding Ltd. (China) | 1111 | 15543 |
| Amazon.com, Inc. (United States) (a) | 12 | 2568 |
|  |  | 36583 |
|  |  | 187948 |
| **HEALTH CARE – 16.6%** |  |  |
| **HEALTH CARE EQUIPMENT & SERVICES – 9.4%** |  |  |
| Envista Holdings Corp. (United States) (a) | 1582 | 30914 |
| Becton Dickinson & Co. (United States) | 176 | 30230 |
| Molina Healthcare, Inc. (United States) (a) | 86 | 25578 |
| Elevance Health, Inc. (United States) | 39 | 15143 |
| Centene Corp. (United States) (a) | 44 | 2367 |
|  |  | 104232 |
| **PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES – 7.2%** |  |  |
| IQVIA Holdings, Inc. (United States) (a) | 213 | 33598 |
| Bayer AG (Germany) | 777 | 23362 |
| Roche Holding AG (Switzerland) | 67 | 21950 |
|  |  | 78910 |
|  |  | 183142 |
| **INDUSTRIALS – 14.4%** |  |  |
| **CAPITAL GOODS – 9.5%** |  |  |
| CNH Industrial NV (United States) | 2983 | 38660 |
| Ashtead Group PLC (United Kingdom) | 427 | 27366 |
| Brenntag SE (Germany) | 362 | 23989 |
| Deere & Co. (United States) | 29 | 14797 |
|  |  | 104812 |
| **TRANSPORTATION – 4.9%** |  |  |
| DSV AS (Denmark) | 148 | 35543 |
| Ryanair Holdings PLC ADR (Ireland) (b) | 260 | 14998 |
| Ryanair Holdings PLC, Equity-Linked Security (Ireland) (a) (c) (d) | 145 | 4081 |
|  |  | 54622 |
|  |  | 159434 |
| **CONSUMER STAPLES – 8.7%** |  |  |
| **FOOD, BEVERAGE & TOBACCO – 5.1%** |  |  |
| Pernod Ricard SA (France) | 208 | 20718 |
| Diageo PLC (United Kingdom) | 747 | 18751 |
| Keurig Dr. Pepper, Inc. (United States) | 500 | 16540 |
|  |  | 56009 |
| **CONSUMER STAPLES DISTRIBUTION & RETAIL – 3.6%** |  |  |
| Sysco Corp. (United States) | 529 | 40074 |
|  |  | 96083 |
| **INFORMATION TECHNOLOGY – 6.6%** |  |  |
| **TECHNOLOGY HARDWARE & EQUIPMENT – 4.0%** |  |  |
| TE Connectivity PLC (Ireland) | 138 | 23242 |
| Samsung Electronics Co. Ltd. (South Korea) | 468 | 20736 |
|  |  | 43978 |
| **SOFTWARE & SERVICES – 2.6%** |  |  |
| Capgemini SE (France) | 169 | 28790 |
|  |  | 72768 |
| **COMMUNICATION SERVICES – 5.7%** |  |  |
| **MEDIA & ENTERTAINMENT – 5.7%** |  |  |
| Alphabet, Inc., Class A (United States) | 176 | 30929 |
| Charter Communications, Inc., Class A (United States) (a) | 58 | 23629 |
| Warner Bros. Discovery, Inc. (United States) (a) | 700 | 8022 |
|  |  | 62580 |

---

**OAKMARK FUNDS**

---

| | |
|:---|:---|
| **Oakmark Global Fund** | **June 30, 2025 (Unaudited)** |
| ***Schedule of Investments (in thousands)*** |  |

---

---

| | | |
|:---|:---|:---|
|  | Shares | Value |
| **COMMON STOCKS AND EQUITY-LINKED SECURITY - 97.9% *(CONT.)*** | **COMMON STOCKS AND EQUITY-LINKED SECURITY - 97.9% *(CONT.)*** | **COMMON STOCKS AND EQUITY-LINKED SECURITY - 97.9% *(CONT.)*** |
| **MATERIALS – 4.7%** | **MATERIALS – 4.7%** | **MATERIALS – 4.7%** |
| Akzo Nobel NV (Netherlands) | 445 | $31114 |
| Glencore PLC (Switzerland) | 5319 | 20705 |
|  |  | 51819 |
| **ENERGY – 2.2%** |  |  |
| ConocoPhillips (United States) | 266 | 23898 |
| **TOTAL COMMON STOCKS AND EQUITY-LINKED SECURITY – 97.9%** |  |  |
| **(Cost $889,496)** |  | **1080069** |

---

---

| | | |
|:---|:---|:---|
|  | Par Value | Value |
| **SHORT-TERM INVESTMENTS – 1.8%** | **SHORT-TERM INVESTMENTS – 1.8%** | **SHORT-TERM INVESTMENTS – 1.8%** |
| **REPURCHASE AGREEMENT – 1.8%** |  |  |
| Fixed Income Clearing Corp. Repurchase Agreement, 4.39% dated 6/30/25 due 7/1/25, repurchase price $20,071, collateralized by a United States Treasury Note, 3.750% due 6/30/27, value plus accrued interest of $20,470 (Cost: $20,069) | $20069 | 20069 |
| **TOTAL SHORT-TERM INVESTMENTS – 1.8%** |  |  |
| **(Cost $20,069)** |  | **20069** |
| **TOTAL INVESTMENTS – 99.7%<br> (Cost $909,565)** |  | **1100138** |
| Foreign Currencies (Cost $0) (f) – 0.0% (e) |  | 0 (f) |
| Other Assets In Excess of Liabilities – 0.3% |  | 2812 |
| **TOTAL NET ASSETS – 100.0%** |  | $**1102950** |

---

(a) Non-income producing security.

(b) Sponsored American Depositary Receipt

(c) Security is an equity-linked security issues by HSBC Bank Plc. As described in the Notes to the Schedule of Investments, equity linked securities are subject to counterparty risk with respect to the bank or broker-dealer that issues them.

(d) Security is restricted. Security was acquired in transaction pursuant to Rule 144A under the Securities Act of 1933, as amended, on the date or period notes below.

(e) Amount rounds to less than 0.1%.

(f) Amount rounds to less than $1,000.

***Oakmark.com***

---

| | |
|:---|:---|
| **Oakmark Global Fund** | **June 30, 2025 (Unaudited)** |
| ***Schedule of Investments (in thousands)*** |  |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| Restricted Security | Acquisition Date | Cost | Value | Percentage of Total<br> Net Assets |
| Ryanair Holdings PLC, Equity-Linked Security (a) (c) (d) | 11/4/2024-11/8/2024 | $2912 | $4081 | 0.37% |

---

**OAKMARK FUNDS**

---

| |
|:---|
| **OAKMARK GLOBAL SELECT FUND** |
| **Global Diversification —June 30, 2025 (Unaudited)** |

---

---

| | | | |
|:---|:---|:---|:---|
|  |  | **% of Equity Investments** | **% of Equity Investments** |
| **North America** |  | **60.8%** |  |
|  | United States |  | 60.8% |
| **Europe** |  | ***35.9*%** |  |
|  | United Kingdom |  | 9.9% |
|  | Germany\* |  | 8.5% |
|  | France\* |  | 5.3% |
|  | Netherlands\* |  | 4.8% |
|  | Switzerland |  | 4.5% |
|  | Denmark |  | 2.9% |
| **Asia** |  | ***3.3*%** |  |
|  | China• |  | 3.3% |

---

\* Euro currency countries comprise 18.6% of equity investments.

---

| | |
|:---|:---|
| **Oakmark Global Select Fund** | **June 30, 2025 (Unaudited)** |
| ***Schedule of Investments (in thousands)*** |  |

---

---

| | | |
|:---|:---|:---|
|  | Shares | Value |
| **COMMON STOCKS – 96.6%** | **COMMON STOCKS – 96.6%** | **COMMON STOCKS – 96.6%** |
| **HEALTH CARE – 24.9%** | **HEALTH CARE – 24.9%** | **HEALTH CARE – 24.9%** |
| **PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES – 13.8%** |  |  |
| IQVIA Holdings, Inc. (United States) (a) | 338 | $53265 |
| Roche Holding AG (Switzerland) | 136 | 44193 |
| Bayer AG (Germany) | 1420 | 42715 |
|  |  | 140173 |
| **HEALTH CARE EQUIPMENT & SERVICES – 11.1%** |  |  |
| Becton Dickinson & Co. (United States) | 280 | 48282 |
| Molina Healthcare, Inc. (United States) (a) | 128 | 38248 |
| Elevance Health, Inc. (United States) | 63 | 24687 |
| Centene Corp. (United States) (a) | 44 | 2394 |
|  |  | 113611 |
|  |  | 253784 |
| **FINANCIALS – 21.1%** |  |  |
| **FINANCIAL SERVICES – 11.8%** |  |  |
| Capital One Financial Corp. (United States) | 223 | 47531 |
| Charles Schwab Corp. (United States) | 470 | 42892 |
| Intercontinental Exchange, Inc. (United States) | 166 | 30419 |
|  |  | 120842 |
| **BANKS – 5.1%** |  |  |
| BNP Paribas SA (France) | 577 | 51864 |
| **INSURANCE – 4.2%** |  |  |
| American International Group, Inc. (United States) | 498 | 42636 |
|  |  | 215342 |
| **CONSUMER STAPLES – 15.8%** |  |  |
| **CONSUMER STAPLES DISTRIBUTION & RETAIL – 6.2%** |  |  |
| Sysco Corp. (United States) | 833 | 63069 |
| **HOUSEHOLD & PERSONAL PRODUCTS – 5.2%** |  |  |
| Reckitt Benckiser Group PLC (United Kingdom) | 775 | 52732 |
| **FOOD, BEVERAGE & TOBACCO – 4.4%** |  |  |
| Diageo PLC (United Kingdom) | 1794 | 45010 |
|  |  | 160811 |
| **CONSUMER DISCRETIONARY – 11.8%** |  |  |
| **CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL – 7.8%** |  |  |
| Prosus NV (Netherlands) | 838 | 46880 |
| Alibaba Group Holding Ltd. (China) | 2317 | 32413 |
|  |  | 79293 |
| **AUTOMOBILES & COMPONENTS – 4.0%** |  |  |
| Mercedes-Benz Group AG (Germany) | 359 | 20997 |
| Bayerische Motoren Werke AG (Germany) | 230 | 20453 |
|  |  | 41450 |
|  |  | 120743 |
| **COMMUNICATION SERVICES – 10.0%** |  |  |
| **MEDIA & ENTERTAINMENT – 10.0%** |  |  |
| Alphabet, Inc., Class A (United States) | 322 | 56755 |
| Charter Communications, Inc., Class A (United States) (a) | 110 | 45165 |
|  |  | 101920 |
| **INDUSTRIALS – 9.4%** |  |  |
| **CAPITAL GOODS – 6.6%** |  |  |
| CNH Industrial NV (United States) | 5156 | 66817 |
| **TRANSPORTATION – 2.8%** |  |  |
| DSV AS (Denmark) | 120 | 28860 |
|  |  | 95677 |
| **ENERGY – 3.6%** |  |  |
| ConocoPhillips (United States) | 407 | 36533 |
| **TOTAL COMMON STOCKS – 96.6%** |  |  |
| **(Cost $833,302)** |  | **984810** |

---

---

| | | |
|:---|:---|:---|
|  | Par Value | Value |
| **SHORT-TERM INVESTMENTS – 3.2%** | **SHORT-TERM INVESTMENTS – 3.2%** | **SHORT-TERM INVESTMENTS – 3.2%** |
| **REPURCHASE AGREEMENT – 3.2%** |  |  |
| Fixed Income Clearing Corp. Repurchase Agreement, 4.39% dated 6/30/25 due 7/1/25, repurchase price $32,138, collateralized by a United States Treasury Note, 4.000% due 6/30/32, value plus accrued interest of $32,777 (Cost: $32,134) | $32134 | 32134 |
| **TOTAL SHORT-TERM INVESTMENTS – 3.2%** |  |  |
| **(Cost $32,134)** |  | **32134** |
| **TOTAL INVESTMENTS – 99.8%<br> (Cost $865,436)** |  | **1016944** |
| Foreign Currencies (Cost $1) – 0.0% (b) |  | 1 |
| Other Assets In Excess of Liabilities – 0.2% |  | 2068 |
| **TOTAL NET ASSETS – 100.0%** |  | $**1019013** |

---

(a) Non-income producing security.

(b) Amount rounds to less than 0.1%.

**OAKMARK FUNDS**

---

| |
|:---|
| **OAKMARK INTERNATIONAL FUND** |
| **Global Diversification —June 30, 2025 (Unaudited)** |

---

---

| | | | |
|:---|:---|:---|:---|
| | | **% of Equity Investments** | **% of Equity Investments** |
| **Europe** |  | **82.7%** |  |
|  | Germany\* |  | 22.9% |
|  | France\* |  | 21.7% |
|  | United Kingdom |  | 15.3% |
|  | Netherlands\* |  | 7.9% |
|  | Switzerland |  | 6.8% |
|  | Sweden |  | 3.6% |
|  | Denmark |  | 1.8% |
|  | Italy\* |  | 1.2% |
|  | Ireland\* |  | 1.0% |
|  | Spain\* |  | 0.5% |
| **Asia** |  | **13.5%** |  |
|  | South Korea |  | 4.8% |
|  | Japan |  | 3.9% |
|  | Indonesia |  | 1.9% |
|  | China |  | 1.9% |
|  | India |  | 1.0% |
| **North America** |  | **3.8%** |  |
|  | United States |  | 2.9% |
|  | Canada |  | 0.9% |

---

\* Euro currency countries comprise 55.2% of equity investments.

---

| | |
|:---|:---|
| **Oakmark International Fund** | **June 30, 2025 (Unaudited)** |
| ***Schedule of Investments (in thousands)*** |  |

---

---

| | | |
|:---|:---|:---|
|  | Shares | Value |
| **COMMON STOCKS AND EQUITY-LINKED SECURITY – 94.7%** | **COMMON STOCKS AND EQUITY-LINKED SECURITY – 94.7%** | **COMMON STOCKS AND EQUITY-LINKED SECURITY – 94.7%** |
| **INDUSTRIALS – 21.5%** | **INDUSTRIALS – 21.5%** | **INDUSTRIALS – 21.5%** |
| **CAPITAL GOODS – 17.9%** | **CAPITAL GOODS – 17.9%** | **CAPITAL GOODS – 17.9%** |
| CNH Industrial NV (United States) | 31022 | $402040 |
| Ashtead Group PLC (United Kingdom) | 5303 | 339851 |
| Daimler Truck Holding AG (Germany) | 6812 | 322348 |
| Brenntag SE (Germany) | 4597 | 304308 |
| Airbus SE (France) | 1416 | 295639 |
| SKF AB, Class B (Sweden) | 8889 | 203972 |
| Komatsu Ltd. (Japan) | 6039 | 198641 |
| Sandvik AB (Sweden) | 6689 | 153352 |
| Volvo AB, Class B (Sweden) | 5029 | 141081 |
| Smiths Group PLC (United Kingdom) | 2731 | 84186 |
| Siemens AG (Germany) | 278 | 71197 |
| SMC Corp. (Japan) | 154 | 55616 |
|  |  | 2572231 |
| **TRANSPORTATION – 2.8%** | **TRANSPORTATION – 2.8%** | **TRANSPORTATION – 2.8%** |
| DSV AS (Denmark) | 1029 | 247307 |
| Ryanair Holdings PLC ADR (Ireland) (a) | 1506 | 86857 |
| Ryanair Holdings PLC, Equity-Linked Security (Ireland) (b) (c) (d) | 2160 | 60766 |
|  |  | 394930 |
| **COMMERCIAL & PROFESSIONAL SERVICES – 0.8%** | **COMMERCIAL & PROFESSIONAL SERVICES – 0.8%** | **COMMERCIAL & PROFESSIONAL SERVICES – 0.8%** |
| Rentokil Initial PLC (United Kingdom) | 25080 | 121213 |
|  |  | 3088374 |
| **CONSUMER DISCRETIONARY – 20.5%** | **CONSUMER DISCRETIONARY – 20.5%** | **CONSUMER DISCRETIONARY – 20.5%** |
| **CONSUMER DURABLES & APPAREL – 7.7%** | **CONSUMER DURABLES & APPAREL – 7.7%** | **CONSUMER DURABLES & APPAREL – 7.7%** |
| Kering SA (France) | 1941 | 421870 |
| adidas AG (Germany) | 1282 | 298814 |
| LVMH Moet Hennessy Louis Vuitton SE (France) | 405 | 211893 |
| Cie Financiere Richemont SA, Class A (Switzerland) | 752 | 141703 |
| Swatch Group AG (Switzerland) | 171 | 27822 |
|  |  | 1102102 |
| **AUTOMOBILES & COMPONENTS – 6.4%** | **AUTOMOBILES & COMPONENTS – 6.4%** | **AUTOMOBILES & COMPONENTS – 6.4%** |
| Continental AG (Germany) | 4595 | 401084 |
| Bayerische Motoren Werke AG (Germany) | 3551 | 315675 |
| Mercedes-Benz Group AG (Germany) | 3502 | 204958 |
|  |  | 921717 |
| **CONSUMER SERVICES – 3.3%** | **CONSUMER SERVICES – 3.3%** | **CONSUMER SERVICES – 3.3%** |
| Accor SA (France) | 4382 | 228841 |
| Flutter Entertainment PLC (United Kingdom) (b) | 612 | 174828 |
| Amadeus IT Group SA (Spain) | 773 | 65124 |
|  |  | 468793 |
| **CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL – 3.1%** | **CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL – 3.1%** | **CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL – 3.1%** |
| Alibaba Group Holding Ltd. (China) | 18694 | 261475 |
| Prosus NV (Netherlands) | 3384 | 189224 |
|  |  | 450699 |
|  |  | 2943311 |
| **FINANCIALS – 19.3%** | **FINANCIALS – 19.3%** | **FINANCIALS – 19.3%** |
| **BANKS – 10.1%** | **BANKS – 10.1%** | **BANKS – 10.1%** |
| BNP Paribas SA (France) | 4807 | 432140 |
| KB Financial Group, Inc. (South Korea) | 3985 | 327469 |
| Bank Mandiri Persero Tbk. PT (Indonesia) | 897091 | 269652 |
| Intesa Sanpaolo SpA (Italy) | 28559 | 164557 |
| Axis Bank Ltd. (India) | 9870 | 138018 |
| Lloyds Banking Group PLC (United Kingdom) | 114948 | 121020 |
|  |  | 1452856 |
| **FINANCIAL SERVICES – 5.2%** | **FINANCIAL SERVICES – 5.2%** | **FINANCIAL SERVICES – 5.2%** |
| Edenred SE (France) | 8510 | 263531 |
| Schroders PLC (United Kingdom) | 48079 | 238510 |
| EXOR NV (Netherlands) | 1755 | 176963 |
| Worldline SA (France) (b) | 16095 | 67968 |
|  |  | 746972 |
| **INSURANCE – 4.0%** | **INSURANCE – 4.0%** | **INSURANCE – 4.0%** |
| Prudential PLC (United Kingdom) | 20401 | 255553 |
| Allianz SE (Germany) | 437 | 177171 |
| ASR Nederland NV (Netherlands) | 2194 | 145690 |
|  |  | 578414 |
|  |  | 2778242 |
| **HEALTH CARE – 12.0%** | **HEALTH CARE – 12.0%** | **HEALTH CARE – 12.0%** |
| **PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES – 6.6%** | **PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES – 6.6%** | **PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES – 6.6%** |
| Bayer AG (Germany) | 12242 | 368223 |
| Eurofins Scientific SE (France) | 3782 | 269288 |
| Roche Holding AG (Switzerland) | 527 | 171724 |
| Novartis AG (Switzerland) | 1102 | 133507 |
|  |  | 942742 |
| **HEALTH CARE EQUIPMENT & SERVICES – 5.4%** | **HEALTH CARE EQUIPMENT & SERVICES – 5.4%** | **HEALTH CARE EQUIPMENT & SERVICES – 5.4%** |
| Fresenius Medical Care AG (Germany) | 5983 | 342886 |
| Fresenius SE & Co. KGaA (Germany) | 5150 | 258912 |
| Smith & Nephew PLC (United Kingdom) | 11735 | 179280 |
|  |  | 781078 |
|  |  | 1723820 |
| **CONSUMER STAPLES – 7.2%** | **CONSUMER STAPLES – 7.2%** | **CONSUMER STAPLES – 7.2%** |
| **FOOD, BEVERAGE & TOBACCO – 4.5%** | **FOOD, BEVERAGE & TOBACCO – 4.5%** | **FOOD, BEVERAGE & TOBACCO – 4.5%** |
| Pernod Ricard SA (France) | 2898 | 288830 |
| Diageo PLC (United Kingdom) | 7665 | 192338 |
| Danone SA (France) | 1153 | 94187 |
| Asahi Group Holdings Ltd. (Japan) | 5579 | 74673 |
|  |  | 650028 |
| **HOUSEHOLD & PERSONAL PRODUCTS – 1.7%** |  |  |
| Reckitt Benckiser Group PLC (United Kingdom) | 3596 | 244584 |
| **CONSUMER STAPLES DISTRIBUTION & RETAIL – 1.0%** |  |  |
| Koninklijke Ahold Delhaize NV (Netherlands) | 3469 | 145081 |
|  |  | 1039693 |

---

**OAKMARK FUNDS**

---

| | |
|:---|:---|
| **Oakmark International Fund** | **June 30, 2025 (Unaudited)** |
| ***Schedule of Investments (in thousands)*** |  |

---

---

| | | |
|:---|:---|:---|
|  | Shares | Value |
| **COMMON STOCKS AND EQUITY-LINKED SECURITY - 94.7% *(CONT.)*** |  |  |
| **MATERIALS – 5.9%** |  |  |
| Glencore PLC (Switzerland) | 119310 | $464453 |
| Akzo Nobel NV (Netherlands) | 3879 | 271396 |
| thyssenkrupp AG (Germany) | 10018 | 107651 |
|  |  | 843500 |
| **INFORMATION TECHNOLOGY – 4.7%** |  |  |
| **SOFTWARE & SERVICES – 3.5%** |  |  |
| Capgemini SE (France) | 1564 | 267299 |
| Open Text Corp. (Canada) | 4184 | 122261 |
| Fujitsu Ltd. (Japan) | 4761 | 116218 |
|  |  | 505778 |
| **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT – 1.2%** |  |  |
| ASML Holding N.V. (Netherlands) | 202 | 161881 |
|  |  | 667659 |
| **COMMUNICATION SERVICES – 3.0%** |  |  |
| **MEDIA & ENTERTAINMENT – 3.0%** |  |  |
| WPP PLC (United Kingdom) | 23888 | 168084 |
| Publicis Groupe SA (France) | 1450 | 163469 |
| NAVER Corp. (South Korea) | 487 | 94730 |
|  |  | 426283 |
| **REAL ESTATE – 0.6%** |  |  |
| **REAL ESTATE MANAGEMENT & DEVELOPMENT – 0.6%** |  |  |
| Mitsubishi Estate Co. Ltd. (Japan) | 4685 | 87944 |
| **TOTAL COMMON STOCKS AND EQUITY-LINKED SECURITY – 94.7%** |  |  |
| **(Cost $11,830,403)** |  | **13598826** |
| **PREFERRED STOCKS – 1.8%** |  |  |
| **INFORMATION TECHNOLOGY – 1.8%** |  |  |
| **TECHNOLOGY HARDWARE & EQUIPMENT – 1.8%** |  |  |
| Samsung Electronics Co. Ltd. (South Korea) | 6882 | 252432 |
| **TOTAL PREFERRED STOCKS – 1.8%** |  |  |
| **(Cost $333,540)** |  | **252432** |

---

---

| | | |
|:---|:---|:---|
|  | Par Value | Value |
| **SHORT-TERM INVESTMENTS – 2.9%** | **SHORT-TERM INVESTMENTS – 2.9%** | **SHORT-TERM INVESTMENTS – 2.9%** |
| **REPURCHASE AGREEMENT – 1.9%** |  |  |
| Fixed Income Clearing Corp. Repurchase Agreement, 4.39% dated 6/30/25 due 7/1/25, repurchase price $274,677, collateralized by a United States Treasury Note, 3.750% due 6/30/27, value plus accrued interest of $280,136 (Cost: $274,643) | $274643 | 274643 |
| **COMMERCIAL PAPER – 1.0%** |  |  |
| American Honda Finance Corp., |  |  |
| &nbsp;&nbsp;&nbsp;4.70% - 4.80%, due 07/07/25 - 09/18/25 (e) | 75000 | 74707 |
| Campbell's Co., 144A, |  |  |
| &nbsp;&nbsp;&nbsp; 4.78%, due 07/02/25 - 07/09/25 (e)(f) | 40000 | 39923 |
| AbbVie,Inc., 144A, |  |  |
| &nbsp;&nbsp;&nbsp;4.61% - 4.74%, due 07/07/25 - 07/14/25 (e)(f) | 30000 | 29957 |
| **TOTAL COMMERCIAL PAPER – 1.0%** |  |  |
| **(Cost $144,606)** |  | **144587** |
| **TOTAL SHORT-TERM INVESTMENTS – 2.9%** |  |  |
| **(Cost $419,249)** |  | **419230** |
| **TOTAL INVESTMENTS – 99.4%<br> (Cost $12,583,192)** |  | **14270488** |
| Foreign Currencies (Cost $34) – 0.0% (g) |  | 34 |
| Other Assets In Excess of Liabilities – 0.6% |  | 93293 |
| **TOTAL NET ASSETS – 100.0%** |  | $**14363815** |

---

(a) Sponsored American Depositary Receipt

(b) Non-income producing security.

(c) Security is restricted. Security was acquired in transaction pursuant to Rule 144A under the Securities Act of 1933, as amended, on the date or period notes below.

(d) Security is an equity-linked security issues by HSBC Bank Plc. As described in the Notes to the Schedule of Investments, equity linked securities are subject to counterparty risk with respect to the bank or broker-dealer that issues them.

(e) The rate shown represents the annualized yield at the time of purchase; not a coupon rate.

(f) 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.

(g) Amount rounds to less than 0.1%.

***Oakmark.com***

---

| | |
|:---|:---|
| **Oakmark International Fund** | **June 30, 2025 (Unaudited)** |
| ***Schedule of Investments (in thousands)*** |  |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| Restricted Security | Acquisition Date | Cost | Value | Percentage of Total <br> Net Assets |
| Ryanair Holdings PLC, Equity-Linked Security (b) (c) (d) | 11/4/2024-11/8/2024 | $43355 | $60766 | 0.42% |

---

---

| |
|:---|
| **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 <br>Held | Purchases<br> (Cost) | Sales<br> (Proceeds) | Realized<br> Gain/(Loss) | Change in<br> Unrealized | Dividend<br> Income | Value<br> September <br> 30, 2024 | Value <br>June 30,<br> 2025 | Percent of<br> Net<br> Assets |
| Edenred (a) | 8510 | $93214 | $164322 | $(65661) | $487 | $11765 | $399813 | $263531 | 1.8% |
| Worldline | 16095 | 6481 | 6183 | (3653) | (45711) | 0 | 117034 | 67968 | 0.5% |
| TOTAL | 24605 | $99695 | $170505 | $(69314) | $(45224) | $11765 | $516847 | $331499 | 2.3% |

---

(a) Due to transactions during the period ended June 30, 2025, the company is no longer an affiliate.

**OAKMARK FUNDS**

---

| |
|:---|
| **OAKMARK INTERNATIONAL SMALL CAP FUND** |
| **Global Diversification —June 30, 2025 (Unaudited)** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **** |  | **% of Equity Investment**s | **% of Equity Investment**s | **% of Equity Investment**s |
| ***Europe*** |  | ***72.2*** | *%*** |  |
| **** | Italy\* | **** | **** | 13.0% |
| **** | United Kingdom | **** | **** | 12.0% |
| **** | Germany\* | **** | **** | 11.7% |
| **** | Sweden | **** | **** | 7.3% |
| **** | Switzerland | **** | **** | 6.7% |
| **** | Finland\* | **** | **** | 5.4% |
| **** | Netherlands\* | **** | **** | 3.3% |
| **** | Norway | **** | **** | 3.2% |
| **** | Denmark | **** | **** | 2.8% |
| **** | Spain\* | **** | **** | 2.6% |
| **** | Belgium\* | **** | **** | 2.3% |
| **** | France\* | **** | **** | 1.7% |
| **** | Faeroe Islands | **** | **** | 0.2% |
| ***Asia*** |  | ***17.1*** | *%*** |  |
| **** | Japan | **** | **** | 7.7% |
| **** | South Korea | **** | **** | 5.9% |
| **** | China | **** | **** | 2.4% |
| **** | Indonesia | **** | **** | 0.9% |
| **** | Philippines | **** | **** | 0.2% |
| ***Latin America*** |  | ***4.5*** | *%*** |  |
| **** | Mexico | **** | **** | 3.7% |
| **** | Chile | **** | **** | 0.8% |
| ***Australasia*** |  | ***3.5*** | *%*** |  |
| **** | Australia | **** | **** | 3.5% |
| ***Middle East*** |  | ***2.0*** | *%*** |  |
| **** | Israel | **** | **** | 2.0% |
| ***North America*** |  | ***0.7*** | *%*** |  |
| **** | Canada | **** | **** | 0.7% |

---

\* Euro currency countries comprise 40.0% of equity investments.

---

| | |
|:---|:---|
| **Oakmark International Small Cap Fund** | **June 30, 2025 (Unaudited)** |
| ***Schedule of Investments (in thousands)*** |  |

---

---

| | | |
|:---|:---|:---|
|  | Shares | Value |
| **COMMON STOCKS – 95.9%** | **COMMON STOCKS – 95.9%** | **COMMON STOCKS – 95.9%** |
| **INDUSTRIALS – 29.8%** | **INDUSTRIALS – 29.8%** | **INDUSTRIALS – 29.8%** |
| **CAPITAL GOODS – 16.6%** |  |  |
| Duerr AG (Germany) | 1654 | $44023 |
| Azelis Group NV (Belgium) | 1917 | 30548 |
| Travis Perkins PLC (United Kingdom) | 3443 | 28709 |
| Valmet OYJ (Finland) | 803 | 24836 |
| Metso OYJ (Finland) | 1867 | 24145 |
| Howden Joinery Group PLC (United Kingdom) | 2018 | 23713 |
| Konecranes OYJ (Finland) | 286 | 22711 |
| Fluidra SA (Spain) | 577 | 14414 |
| MISUMI Group, Inc. (Japan) | 1041 | 13963 |
|  |  | 227062 |
| **COMMERCIAL & PROFESSIONAL SERVICES – 13.2%** |  |  |
| ISS AS (Denmark) | 1344 | 37484 |
| Loomis AB (Sweden) | 683 | 28699 |
| Hays PLC (United Kingdom) | 26779 | 26227 |
| Bravida Holding AB (Sweden) | 2098 | 21099 |
| Adecco Group AG (Switzerland) | 562 | 16702 |
| Pagegroup PLC (United Kingdom) | 4147 | 15176 |
| Randstad NV (Netherlands) | 276 | 12734 |
| Mitie Group PLC (United Kingdom) | 6048 | 11738 |
| SThree PLC (United Kingdom) | 3349 | 11239 |
|  |  | 181098 |
|  |  | 408160 |
| **FINANCIALS – 16.7%** |  |  |
| **FINANCIAL SERVICES – 11.0%** |  |  |
| Azimut Holding SpA (Italy) | 1315 | 42106 |
| Julius Baer Group Ltd. (Switzerland) | 605 | 40912 |
| Nexi SpA (Italy) | 5047 | 30167 |
| EFG International AG (Switzerland) | 1086 | 20119 |
| St. James's Place PLC (United Kingdom) | 1094 | 17782 |
|  |  | 151086 |
| **BANKS – 5.7%** |  |  |
| BNK Financial Group, Inc. (South Korea) | 4288 | 39557 |
| iM Financial Group Co. Ltd. (South Korea) | 4109 | 38269 |
|  |  | 77826 |
|  |  | 228912 |
| **INFORMATION TECHNOLOGY – 11.1%** |  |  |
| **SOFTWARE & SERVICES – 10.1%** |  |  |
| Atea ASA (Norway) | 2688 | 42456 |
| TeamViewer SE (Germany) (a) | 2665 | 29992 |
| TIS, Inc. (Japan) | 703 | 23601 |
| Sopra Steria Group (France) | 95 | 23036 |
| Sapiens International Corp. NV (Israel) | 478 | 13971 |
| BIPROGY, Inc. (Japan) | 113 | 4745 |
|  |  | 137801 |
| **TECHNOLOGY HARDWARE & EQUIPMENT – 1.0%** |  |  |
| Jenoptik AG (Germany) | 610 | 14034 |
|  |  | 151835 |
| **CONSUMER DISCRETIONARY – 10.4%** |  |  |
| **AUTOMOBILES & COMPONENTS – 5.2%** |  |  |
| Autoliv, Inc. (Sweden) | 237 | 26565 |
| Pirelli & C SpA (Italy) | 3528 | 24326 |
| Dometic Group AB (Sweden) | 4832 | 20216 |
|  |  | 71107 |
| **CONSUMER SERVICES – 2.3%** |  |  |
| Wynn Macau Ltd. (China) | 46950 | 32417 |
| **CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL – 1.6%** |  |  |
| Fielmann Group AG (Germany) | 330 | 22027 |
| **CONSUMER DURABLES & APPAREL – 1.3%** |  |  |
| Ermenegildo Zegna NV (Italy) | 2035 | 17396 |
|  |  | 142947 |
| **CONSUMER STAPLES – 8.9%** |  |  |
| **FOOD, BEVERAGE & TOBACCO – 5.8%** |  |  |
| Davide Campari-Milano NV (Italy) | 4921 | 33098 |
| JDE Peet's NV (Netherlands) | 1078 | 30775 |
| Strauss Group Ltd. (Israel) | 464 | 12709 |
| Bakkafrost P (Faeroe Islands) | 59 | 2642 |
|  |  | 79224 |
| **HOUSEHOLD & PERSONAL PRODUCTS – 1.6%** |  |  |
| Kimberly-Clark de Mexico SAB de CV, Class A (Mexico) | 11889 | 21750 |
| **CONSUMER STAPLES DISTRIBUTION & RETAIL – 1.5%** |  |  |
| Sugi Holdings Co. Ltd. (Japan) | 935 | 21403 |
|  |  | 122377 |
| **HEALTH CARE – 6.7%** |  |  |
| **HEALTH CARE EQUIPMENT & SERVICES – 4.4%** |  |  |
| Amplifon SpA (Italy) | 1039 | 24383 |
| Ansell Ltd. (Australia) | 975 | 19443 |
| Medmix AG (Switzerland) | 682 | 10384 |
| ConvaTec Group PLC (United Kingdom) | 1619 | 6407 |
|  |  | 60617 |
| **PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES – 2.3%** |  |  |
| Grifols SA ADR (Spain) (a) (b) | 2218 | 20054 |
| Gerresheimer AG (Germany) | 190 | 10727 |
|  |  | 30781 |
|  |  | 91398 |
| **COMMUNICATION SERVICES – 5.4%** |  |  |
| **MEDIA & ENTERTAINMENT – 4.6%** |  |  |
| oOh!media Ltd. (Australia) | 23990 | 27237 |
| Megacable Holdings SAB de CV (Mexico) | 9680 | 27128 |
| Hakuhodo DY Holdings, Inc. (Japan) | 1058 | 8785 |
|  |  | 63150 |

---

**OAKMARK FUNDS**

---

| | |
|:---|:---|
| **Oakmark International Small Cap Fund** | **June 30, 2025 (Unaudited)** |
| ***Schedule of Investments (in thousands)*** |  |

---

---

| | | |
|:---|:---|:---|
|  | Shares | Value |
| **COMMON STOCKS – 95.9% *(cont.)*** |  |  |
| **COMMUNICATION SERVICES – 5.4%** *(cont.)*** |  |  |
| **TELECOMMUNICATION SERVICES – 0.8%** |  |  |
| Sarana Menara Nusantara Tbk. PT (Indonesia) | 376873 | $11467 |
|  |  | 74617 |
| **REAL ESTATE – 3.8%** |  |  |
| **REAL ESTATE MANAGEMENT & DEVELOPMENT – 3.8%** |  |  |
| Katitas Co. Ltd. (Japan) | 1658 | 28799 |
| Colliers International Group, Inc. (Canada) | 75 | 9865 |
| LSL Property Services PLC (United Kingdom) | 2183 | 9501 |
| Ayala Land, Inc. (Philippines) | 6597 | 3162 |
|  |  | 51327 |
| **MATERIALS – 3.1%** |  |  |
| Lanxess AG (Germany) | 1159 | 34492 |
| Essentra PLC (United Kingdom) | 5638 | 8281 |
|  |  | 42773 |
| **TOTAL COMMON STOCKS – 95.9%** |  |  |
| **(Cost $1,107,467)** |  | **1314346** |
| **PREFERRED STOCKS – 0.7%** |  |  |
| **SOFT DRINKS & NON-ALCOHOLIC BEVERAGES – 0.7%** |  |  |
| Embotelladora Andina SA (Chile) | 2516 | 10263 |
| **TOTAL PREFERRED STOCKS – 0.7%** |  |  |
| **(Cost $7,311)** |  | **10263** |

---

---

| | | |
|:---|:---|:---|
|  | Par Value | Value |
| **SHORT-TERM INVESTMENTS – 2.8%** |  |  |
| **REPURCHASE AGREEMENT – 2.8%** |  |  |
| Fixed Income Clearing Corp. Repurchase Agreement, 4.39% dated 6/30/25 due 7/1/25, repurchase price $38,314, collateralized by a United States Treasury Note, 3.750% due 6/30/27, value plus accrued interest of $39,076 (Cost: $38,310) | $38310 | 38310 |
| **TOTAL SHORT-TERM INVESTMENTS – 2.8%** |  |  |
| **(Cost $38,310)** |  | **38310** |
| **TOTAL INVESTMENTS – 99.4%<br> (Cost $1,153,088)** |  | **1362919** |
| Foreign Currencies (Cost $1,715) – 0.1% |  | 1727 |
| Other Assets In Excess of Liabilities – 0.5% |  | 6596 |
| **TOTAL NET ASSETS – 100.0%** |  | $**1371242** |

---

(a) Non-income producing security.

(b) Sponsored American Depositary Receipt

***Oakmark.com***

---

| | |
|:---|:---|
| **Oakmark Equity and Income Fund** | **June 30, 2025 (Unaudited)** |
| ***Schedule of Investments (in thousands)*** | |

---

---

| | | |
|:---|:---|:---|
|  | Shares | Value |
| **COMMON STOCKS – 59.2%** |  |  |
| **FINANCIALS – 18.4%** |  |  |
| **FINANCIAL SERVICES – 12.5%** |  |  |
| Capital One Financial Corp. | 652 | $138613 |
| Charles Schwab Corp. | 1237 | 112830 |
| Corebridge Financial, Inc. | 3096 | 109914 |
| Intercontinental Exchange, Inc. | 584 | 107220 |
| Ally Financial, Inc. | 2169 | 84494 |
| Nasdaq, Inc. | 906 | 81033 |
| Fiserv, Inc. (a) | 426 | 73412 |
| State Street Corp. | 568 | 60422 |
| Blackrock, Inc. | 10 | 10388 |
|  |  | 778326 |
| **INSURANCE – 4.2%** |  |  |
| American International Group, Inc. | 1110 | 94971 |
| Reinsurance Group of America, Inc. | 425 | 84342 |
| Willis Towers Watson PLC | 274 | 84042 |
|  |  | 263355 |
| **BANKS – 1.7%** |  |  |
| Bank of America Corp. | 2212 | 104678 |
|  |  | 1146359 |
| **CONSUMER DISCRETIONARY – 10.6%** |  |  |
| **CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL – 3.9%** |  |  |
| Amazon.com, Inc. (a) (b) | 533 | 117022 |
| Lithia Motors, Inc. | 246 | 83205 |
| Genuine Parts Co. | 330 | 39972 |
|  |  | 240199 |
| **CONSUMER SERVICES – 2.9%** |  |  |
| Airbnb, Inc., Class A (a) | 775 | 102564 |
| Wendy's Co. | 6849 | 78214 |
|  |  | 180778 |
| **AUTOMOBILES & COMPONENTS – 2.0%** |  |  |
| BorgWarner, Inc. | 1990 | 66615 |
| General Motors Co. | 1194 | 58747 |
|  |  | 125362 |
| **CONSUMER DURABLES & APPAREL – 1.8%** |  |  |
| Brunswick Corp. | 1341 | 74099 |
| NIKE, Inc., Class B | 540 | 38369 |
|  |  | 112468 |
|  |  | 658807 |
| **INDUSTRIALS – 7.3%** |  |  |
| **COMMERCIAL & PROFESSIONAL SERVICES– 3.4%** |  |  |
| Equifax, Inc. | 379 | 98353 |
| OPENLANE, Inc. (a) | 2724 | 66602 |
| ABM Industries, Inc. | 1060 | 50028 |
|  |  | 214983 |
| **CAPITAL GOODS – 2.8%** |  |  |
| Deere & Co. | 116 | 59137 |
| Masco Corp. | 718 | 46198 |
| Owens Corning | 254 | 34903 |
| Allison Transmission Holdings, Inc. | 332 | 31546 |
|  |  | 171784 |
| **TRANSPORTATION – 1.1%** |  |  |
| Delta Air Lines, Inc. | 1369 | 67323 |
|  |  | 454090 |
| **COMMUNICATION SERVICES – 7.0%** |  |  |
| **MEDIA & ENTERTAINMENT – 7.0%** |  |  |
| Alphabet, Inc., Class A | 885 | 155875 |
| Charter Communications, Inc., Class A (a) | 227 | 92759 |
| Warner Music Group Corp., Class A | 2447 | 66643 |
| Comcast Corp., Class A | 1699 | 60645 |
| Warner Bros. Discovery, Inc. (a) | 5096 | 58394 |
|  |  | 434316 |
| **HEALTH CARE – 6.3%** |  |  |
| **HEALTH CARE EQUIPMENT & SERVICES – 3.8%** |  |  |
| GE HealthCare Technologies, Inc. | 864 | 63967 |
| Elevance Health, Inc. | 155 | 60094 |
| Centene Corp. (a) | 813 | 44151 |
| Molina Healthcare, Inc. (a) | 137 | 40932 |
| Zimmer Biomet Holdings, Inc. | 335 | 30546 |
|  |  | 239690 |
| **PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES – 2.5%** |  |  |
| IQVIA Holdings, Inc. (a) | 442 | 69607 |
| Merck & Co., Inc. | 624 | 49412 |
| Charles River Laboratories International, Inc. (a) | 123 | 18648 |
| ICON PLC (a) | 126 | 18341 |
|  |  | 156008 |
|  |  | 395698 |
| **ENERGY – 4.4%** |  |  |
| Phillips 66 | 1060 | 126494 |
| ConocoPhillips | 1319 | 118403 |
| Targa Resources Corp. | 185 | 32205 |
|  |  | 277102 |
| **INFORMATION TECHNOLOGY – 2.3%** |  |  |
| **TECHNOLOGY HARDWARE & EQUIPMENT – 2.3%** |  |  |
| TE Connectivity PLC | 625 | 105415 |
| CDW Corp. | 195 | 34878 |
|  |  | 140293 |
| **CONSUMER STAPLES – 1.5%** |  |  |
| **FOOD, BEVERAGE & TOBACCO – 1.5%** |  |  |
| Keurig Dr. Pepper, Inc. | 2845 | 94069 |

---

**OAKMARK FUNDS**

---

| | |
|:---|:---|
| **Oakmark Equity and Income Fund** | **June 30, 2025 (Unaudited)** |
| ***Schedule of Investments (in thousands)*** | |

---

---

| | | |
|:---|:---|:---|
|  | Shares | Value |
| **COMMON STOCKS – 59.2% *(cont.)*** |  |  |
| **MATERIALS – 1.4%** |  |  |
| Glencore PLC | 22886 | $89091 |
| **TOTAL COMMON STOCKS – 59.2%** |  |  |
| **(Cost $2,734,371)** |  | **3689825** |
|  | Par Value | Value |
| **FIXED INCOME – 39.0%** |  |  |
| **CORPORATE BONDS – 18.2%** |  |  |
| **FINANCIALS – 6.2%** |  |  |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust |  |  |
| &nbsp;&nbsp;&nbsp;5.375%, due 12/15/31 | $29150 | 29791 |
| Ally Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.992% (1 day USD SOFR + 3.260%), due 06/13/29 (c) | 9250 | 9737 |
| Ally Financial, Inc., Series B |  |  |
| &nbsp;&nbsp;&nbsp;4.70% (5 yr. CMT + 3.868%) (c) (d) | 23750 | 22931 |
| Ally Financial, Inc., Series C |  |  |
| &nbsp;&nbsp;&nbsp;4.70% (7 yr. CMT + 3.481%) (c) (d) | 2000 | 1794 |
| Apollo Commercial Real Estate Finance, Inc., 144A |  |  |
| &nbsp;&nbsp;&nbsp;4.625%, due 06/15/29 (e) | 20373 | 19368 |
| Arthur J Gallagher & Co. |  |  |
| &nbsp;&nbsp;&nbsp;5.55%, due 02/15/55 | 2000 | 1918 |
| Bank of America Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.623% (1 day USD SOFR + 1.110%), due 05/09/29 (c) | 13575 | 13661 |
| Capital One Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;7.624% (1 day USD SOFR + 3.070%), due 10/30/31 (c) | 19600 | 22145 |
| Charles Schwab Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.853% (1 day USD SOFR + 2.500%), due 05/19/34 (c) | 23750 | 25230 |
| Citadel Securities Global Holdings LLC, 144A |  |  |
| &nbsp;&nbsp;&nbsp;6.20%, due 06/18/35 (e) | 2000 | 2052 |
| Citigroup, Inc., Series AA |  |  |
| &nbsp;&nbsp;&nbsp;7.625% (5 yr. CMT + 3.211%) (c) (d) | 14500 | 15260 |
| First Citizens BancShares, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.231% (1 day USD SOFR + 1.410%), due 03/12/31 (c) | 18250 | 18346 |
| &nbsp;&nbsp;&nbsp;6.254% (5 yr. CMT + 1.970%), due 03/12/40 (c) | 13250 | 13184 |
| Goldman Sachs Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.218% (1 day USD SOFR + 1.580%), due 04/23/31 (c) | 25650 | 26296 |
| Jane Street Group/JSG Finance, Inc., 144A |  |  |
| &nbsp;&nbsp;&nbsp;6.75%, due 05/01/33 (e) | 15000 | 15423 |
| JPMorgan Chase & Co. |  |  |
| &nbsp;&nbsp;&nbsp;5.14% (1 day USD SOFR + 1.010%), due 01/24/31 (c) | 27250 | 27944 |
| &nbsp;&nbsp;&nbsp;5.103% (1 day USD SOFR + 1.435%), due 04/22/31 (c) | 7500 | 7686 |
| KKR Group Finance Co. XII LLC, 144A |  |  |
| &nbsp;&nbsp;&nbsp;4.85%, due 05/17/32 (e) | 9000 | 8955 |
| LPL Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.15%, due 06/15/30 | 14225 | 14401 |
| Morgan Stanley |  |  |
| &nbsp;&nbsp;&nbsp;5.192% (1 day USD SOFR + 1.510%), due 04/17/31 (c) | 14850 | 15223 |
| Pershing Square Holdings Ltd., 144A |  |  |
| &nbsp;&nbsp;&nbsp;3.25%, due 11/15/30 (e) | 14000 | 12688 |
| Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc., 144A |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, due 10/15/33 (e) | 3745 | 3351 |
| &nbsp;&nbsp;&nbsp;3.875%, due 03/01/31 (e) | 3330 | 3087 |
| South State Bank NA |  |  |
| &nbsp;&nbsp;&nbsp;8.375% (3 mo. USD Term SOFR + 4.605%), due 08/15/34 (c) | 9350 | 9584 |
| Stifel Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, due 05/15/30 | 12242 | 11768 |
| Truist Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.867% (1 day USD SOFR + 2.361%), due 06/08/34 (c) | 9750 | 10186 |
| Wells Fargo & Co. |  |  |
| &nbsp;&nbsp;&nbsp;5.15% (1 day USD SOFR + 1.500%), due 04/23/31 (c) | 20750 | 21251 |
| &nbsp;&nbsp;&nbsp;5.605% (1 day USD SOFR + 1.740%), due 04/23/36 (c) | 1350 | 1393 |
| Willis North America, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.90%, due 03/05/54 | 4600 | 4572 |
|  |  | 389225 |
| **CONSUMER DISCRETIONARY – 3.7%** |  |  |
| American Honda Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.20%, due 03/05/35 | 10000 | 9946 |
| Aptiv Swiss Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;5.15%, due 09/13/34 | 13750 | 13271 |
| AutoNation, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;1.95%, due 08/01/28 | 4940 | 4580 |
| AutoZone, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.125%, due 06/15/30 | 2750 | 2819 |
| Beacon Roofing Supply Inc, 144A |  |  |
| &nbsp;&nbsp;&nbsp;6.75%, due 04/30/32 (e) | 13750 | 14165 |
| Brunswick Corp. |  |  |
| &nbsp;&nbsp;&nbsp;2.40%, due 08/18/31 | 35813 | 30454 |
| Daimler Truck Finance North America LLC, 144A |  |  |
| &nbsp;&nbsp;&nbsp;5.25%, due 01/13/30 (e) | 23500 | 24050 |
| Expedia Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.625%, due 08/01/27 | 13576 | 13631 |
| General Motors Financial Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.15%, due 07/15/35 | 10000 | 10225 |
| Hyatt Hotels Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.75%, due 03/30/32 | 20000 | 20532 |
| Hyundai Capital America, 144A |  |  |
| &nbsp;&nbsp;&nbsp;5.40%, due 06/23/32 (e) | 4000 | 4051 |
| Lear Corp. |  |  |
| &nbsp;&nbsp;&nbsp;2.60%, due 01/15/32 | 6935 | 5976 |
| Lithia Motors, Inc., 144A |  |  |
| &nbsp;&nbsp;&nbsp;3.875%, due 06/01/29 (e) | 8540 | 8145 |
| &nbsp;&nbsp;&nbsp;4.375%, due 01/15/31 (e) | 5000 | 4754 |
| M/I Homes, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.95%, due 02/15/30 | 7100 | 6641 |
| Marriott International, Inc., Series FF |  |  |
| &nbsp;&nbsp;&nbsp;4.625%, due 06/15/30 | 9400 | 9422 |

---

***Oakmark.com***

---

| | |
|:---|:---|
| **Oakmark Equity and Income Fund** | **June 30, 2025 (Unaudited)** |
| ***Schedule of Investments (in thousands)*** | |

---

---

| | | |
|:---|:---|:---|
|  | Par Value | Value |
| **FIXED INCOME – 39.0% *(cont.)*** |  |  |
| **CORPORATE BONDS – 18.2% *(cont.)*** |  |  |
| **CONSUMER DISCRETIONARY – 3.7% *(cont.)*** |  |  |
| MGM Resorts International |  |  |
| &nbsp;&nbsp;&nbsp;4.75%, due 10/15/28 | $13875 | $13709 |
| Phinia Inc, 144A |  |  |
| &nbsp;&nbsp;&nbsp;6.625%, due 10/15/32 (e) | 6523 | 6625 |
| Starbucks Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.40%, due 05/15/35 | 10000 | 10189 |
| Thor Industries, Inc., 144A |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, due 10/15/29 (e) | 17250 | 16165 |
|  |  | 229350 |
| **INDUSTRIALS – 2.4%** |  |  |
| Boeing Co. |  |  |
| &nbsp;&nbsp;&nbsp;6.858%, due 05/01/54 | 18500 | 20252 |
| Bombardier, Inc., 144A |  |  |
| &nbsp;&nbsp;&nbsp;6.75%, due 06/15/33 (e) | 15000 | 15543 |
| Caterpillar, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.50%, due 05/15/55 | 3250 | 3239 |
| Deere & Co. |  |  |
| &nbsp;&nbsp;&nbsp;5.45%, due 01/16/35 | 10000 | 10417 |
| Delta Air Lines, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.25%, due 07/10/30 | 13000 | 13084 |
| GXO Logistics, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.50%, due 05/06/34 | 8200 | 8577 |
| Hilton Domestic Operating Co., Inc., 144A |  |  |
| &nbsp;&nbsp;&nbsp;3.625%, due 02/15/32 (e) | 18500 | 16758 |
| &nbsp;&nbsp;&nbsp;3.75%, due 05/01/29 (e) | 9000 | 8628 |
| Molex Electronic Technologies LLC, 144A |  |  |
| &nbsp;&nbsp;&nbsp;5.25%, due 04/30/32 (e) | 7750 | 7864 |
| &nbsp;&nbsp;&nbsp;4.75%, due 04/30/28 (e) | 3000 | 3019 |
| United Airlines, Inc., 144A |  |  |
| &nbsp;&nbsp;&nbsp;4.625%, due 04/15/29 (e) | 10000 | 9707 |
| United Parcel Service, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.95%, due 05/14/55 | 8250 | 8466 |
| Viterra Finance BV, 144A |  |  |
| &nbsp;&nbsp;&nbsp;5.25%, due 04/21/32 (e) | 13150 | 13362 |
| &nbsp;&nbsp;&nbsp;2.00%, due 04/21/26 (e) | 11400 | 11157 |
|  |  | 150073 |
| **ENERGY – 1.8%** |  |  |
| Aker BP ASA, 144A |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, due 01/15/31 (e) | 10000 | 9498 |
| APA Corp, 144A |  |  |
| &nbsp;&nbsp;&nbsp;5.35%, due 07/01/49 (e) | 10000 | 7938 |
| EOG Resources, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, due 07/15/32 | 5600 | 5668 |
| Expand Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.75%, due 02/01/32 | 25000 | 24310 |
| Parsley Energy LLC/Parsley Finance Corp., 144A |  |  |
| &nbsp;&nbsp;&nbsp;4.125%, due 02/15/28 (e) | 26312 | 25807 |
| Patterson-UTI Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.15%, due 10/01/33 | 15000 | 15359 |
| Valero Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;6.625%, due 06/15/37 | 5511 | 5931 |
| &nbsp;&nbsp;&nbsp;5.15%, due 02/15/30 | 4239 | 4323 |
| Williams Cos., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.30%, due 09/30/35 | 10000 | 10010 |
|  |  | 108844 |
| **HEALTH CARE – 1.2%** |  |  |
| CVS Health Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.78%, due 03/25/38 | 20000 | 18355 |
| GE HealthCare Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.50%, due 06/15/35 | 2625 | 2688 |
| Humana, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.375%, due 04/15/31 | 10000 | 10229 |
| Icon Investments Six DAC |  |  |
| &nbsp;&nbsp;&nbsp;6.00%, due 05/08/34 | 20000 | 20440 |
| Select Medical Corp, 144A |  |  |
| &nbsp;&nbsp;&nbsp;6.25%, due 12/01/32 (e) | 25000 | 25149 |
|  |  | 76861 |
| **REAL ESTATE – 1.1%** |  |  |
| Alexandria Real Estate Equities, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.50%, due 10/01/35 | 14892 | 15058 |
| CBRE Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.80%, due 06/15/30 | 10000 | 10031 |
| &nbsp;&nbsp;&nbsp;2.50%, due 04/01/31 | 10750 | 9501 |
| GLP Capital LP/GLP Financing II, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, due 01/15/31 | 9425 | 8883 |
| &nbsp;&nbsp;&nbsp;5.75%, due 06/01/28 | 4975 | 5098 |
| &nbsp;&nbsp;&nbsp;5.375%, due 04/15/26 | 3925 | 3926 |
| Omega Healthcare Investors, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.20%, due 07/01/30 | 2425 | 2439 |
| RHP Hotel Properties LP/RHP Finance Corp., 144A |  |  |
| &nbsp;&nbsp;&nbsp;4.50%, due 02/15/29 (e) | 10875 | 10629 |
| RHP Hotel Properties LP/RHP Finance Corp., 144A |  |  |
| &nbsp;&nbsp;&nbsp;6.50%, due 06/15/33 (e) | 5000 | 5144 |
|  |  | 70709 |
| **CONSUMER STAPLES – 0.7%** |  |  |
| Bacardi-Martini BV, 144A |  |  |
| &nbsp;&nbsp;&nbsp;6.00%, due 02/01/35 (e) | 13600 | 14040 |
| Dollar General Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.45%, due 07/05/33 | 20000 | 20452 |
| Philip Morris International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.875%, due 04/30/35 | 10000 | 9866 |
|  |  | 44358 |
| **MATERIALS – 0.6%** |  |  |
| Celanese U.S. Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.75%, due 04/15/33 | 10000 | 10104 |
| Glencore Funding LLC, 144A |  |  |
| &nbsp;&nbsp;&nbsp;2.625%, due 09/23/31 (e) | 10000 | 8778 |
| LYB International Finance III LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.15%, due 05/15/35 | 15000 | 15569 |
|  |  | 34451 |
| **COMMUNICATION SERVICES – 0.3%** |  |  |
| Meta Platforms, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.75%, due 08/15/34 | 10000 | 10047 |
| Vail Resorts, Inc., 144A |  |  |
| &nbsp;&nbsp;&nbsp;5.625%, due 07/15/30 (e) | 7750 | 7779 |
|  |  | 17826 |

---

**OAKMARK FUNDS**

---

| | |
|:---|:---|
| **Oakmark Equity and Income Fund** | **June 30, 2025 (Unaudited)** |
| ***Schedule of Investments (in thousands)*** | |

---

---

| | | |
|:---|:---|:---|
|  | Par Value | Value |
| **FIXED INCOME – 39.0% *(cont.)*** |  |  |
| **CORPORATE BONDS – 18.2% *(cont.)*** |  |  |
| **UTILITIES – 0.2%** |  |  |
| Southern Co., Series 21-A |  |  |
| &nbsp;&nbsp;&nbsp;3.75% (5 yr. CMT + 2.915%), due 09/15/51 (c) | $13750 | $13561 |
| **Total Corporate Bonds** |  |  |
| &nbsp;&nbsp;&nbsp;**(Cost $1,131,131)** |  | **1135258** |
| **MORTGAGE-BACKED SECURITIES – 7.3%** |  |  |
| Federal Home Loan Mortgage Corp., Pool SD6595 |  |  |
| &nbsp;&nbsp;&nbsp;5.50%, due 10/01/54 | 39162 | 39500 |
| Federal National Mortgage Association, Pool CB8992 |  |  |
| &nbsp;&nbsp;&nbsp;5.50%, due 08/01/54 | 35262 | 35470 |
| Federal Home Loan Mortgage Corp., Pool SD5400 |  |  |
| &nbsp;&nbsp;&nbsp;2.00%, due 01/01/52 | 38420 | 30786 |
| Federal National Mortgage Association, Pool FA0201 |  |  |
| &nbsp;&nbsp;&nbsp;5.50%, due 12/01/54 | 30026 | 30100 |
| Federal National Mortgage Association, Pool FA1274 |  |  |
| &nbsp;&nbsp;&nbsp;2.00%, due 02/01/52 | 36758 | 29386 |
| Federal Home Loan Mortgage Corp., Pool RJ2202 |  |  |
| &nbsp;&nbsp;&nbsp;5.50%, due 08/01/54 | 27970 | 28112 |
| Federal Home Loan Mortgage Corp., Pool SD3470 |  |  |
| &nbsp;&nbsp;&nbsp;2.50%, due 06/01/52 | 32436 | 27317 |
| Federal National Mortgage Association, Pool BW9842 |  |  |
| &nbsp;&nbsp;&nbsp;4.50%, due 09/01/52 | 26165 | 25166 |
| Federal Home Loan Mortgage Corp., Pool SD6569 |  |  |
| &nbsp;&nbsp;&nbsp;5.50%, due 10/01/54 | 25024 | 25130 |
| Federal National Mortgage Association, Pool FS8007 |  |  |
| &nbsp;&nbsp;&nbsp;5.50%, due 06/01/54 | 22675 | 22871 |
| Federal Home Loan Mortgage Corp., Pool SD6577 |  |  |
| &nbsp;&nbsp;&nbsp;5.50%, due 09/01/54 | 20387 | 20437 |
| Federal Home Loan Mortgage Corp., Pool SD4953 |  |  |
| &nbsp;&nbsp;&nbsp;2.50%, due 11/01/51 | 23301 | 19663 |
| Federal Home Loan Mortgage Corp., Pool QJ4474 |  |  |
| &nbsp;&nbsp;&nbsp;5.50%, due 09/01/54 | 19428 | 19502 |
| Federal National Mortgage Association, Pool FS9114 |  |  |
| &nbsp;&nbsp;&nbsp;5.50%, due 09/01/54 | 19042 | 19088 |
| Federal Home Loan Mortgage Corp., Pool SD8188 |  |  |
| &nbsp;&nbsp;&nbsp;2.00%, due 01/01/52 | 23711 | 18826 |
| Federal National Mortgage Association, Pool CB0830 |  |  |
| &nbsp;&nbsp;&nbsp;2.50%, due 06/01/51 | 19866 | 16748 |
| Federal National Mortgage Association, Pool BU1118 |  |  |
| &nbsp;&nbsp;&nbsp;2.50%, due 10/01/51 | 15975 | 13381 |
| Federal National Mortgage Association, Pool CB4851 |  |  |
| &nbsp;&nbsp;&nbsp;4.50%, due 08/01/54 | 12776 | 12225 |
| Federal National Mortgage Association, Pool DC7132 |  |  |
| &nbsp;&nbsp;&nbsp;5.50%, due 12/01/54 | 6822 | 6857 |
| Federal Home Loan Mortgage Corp., Pool SD4990 |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, due 10/01/53 | 6392 | 6286 |
| Federal National Mortgage Association, Pool BW9905 |  |  |
| &nbsp;&nbsp;&nbsp;4.50%, due 10/01/52 | 6419 | 6167 |
| Federal Home Loan Mortgage Corp., Pool RA8038 |  |  |
| &nbsp;&nbsp;&nbsp;4.50%, due 10/01/52 | 3290 | 3164 |
| **TOTAL MORTGAGE-BACKED SECURITIES – 7.3%** |  |  |
| **(Cost $454,108)** |  | **456182** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS – 4.8%** |  |  |
| Federal Home Loan Mortgage Corp. REMICS, Series 5369-Class Z |  |  |
| &nbsp;&nbsp;&nbsp;6.00%, due 01/25/54 | 21847 | 22323 |
| Government National Mortgage Association REMICS, Series 2023-149-Class DZ |  |  |
| &nbsp;&nbsp;&nbsp;5.50%, due 10/20/53 | 19724 | 19885 |
| Federal Home Loan Mortgage Corp. REMICS, Series 5408-Class QZ |  |  |
| &nbsp;&nbsp;&nbsp;5.50%, due 04/25/54 | 17432 | 17286 |
| Chase Home Lending Mortgage Trust, Series 2024-6-Class B1, 144A |  |  |
| &nbsp;&nbsp;&nbsp;7.09%, due 05/25/55 (c) (e) | 15330 | 16202 |
| Bank, Series 2022-BNK40-Class A4 |  |  |
| &nbsp;&nbsp;&nbsp;3.504%, due 03/15/64 (c) | 17000 | 15618 |
| JP Morgan Mortgage Trust, Series 2024-6-Class B1, 144A |  |  |
| &nbsp;&nbsp;&nbsp;6.924%, due 12/25/54 (c) (e) | 14811 | 15529 |
| JP Morgan Mortgage Trust, Series 2024-9-Class B1, 144A |  |  |
| &nbsp;&nbsp;&nbsp;7.001%, due 02/25/55 (c) (e) | 14062 | 14813 |
| Government National Mortgage Association REMICS, Seres 2023-164-Class BZ |  |  |
| &nbsp;&nbsp;&nbsp;6.00%, due 11/20/53 | 13461 | 14109 |
| Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through, Series K-167-Class A2 |  |  |
| &nbsp;&nbsp;&nbsp;4.76%, due 10/25/34 | 13000 | 13184 |
| Chase Home Lending Mortgage Trust, Series 2024-1-Class B1, 144A |  |  |
| &nbsp;&nbsp;&nbsp;6.674%, due 01/25/55 (c) (e) | 12454 | 12810 |
| JP Morgan Mortgage Trust, Series 2024-6-Class B2, 144A |  |  |
| &nbsp;&nbsp;&nbsp;6.924%, due 12/25/54 (c) (e) | 10793 | 11221 |
| Federal National Mortgage Association REMICS, Series 2023-54-Class GZ |  |  |
| &nbsp;&nbsp;&nbsp;6.50%, due 11/25/53 | 10101 | 10831 |
| Sequoia Mortgage Trust, Series 2024-6-Class B1, 144A |  |  |
| &nbsp;&nbsp;&nbsp;6.576%, due 07/27/54 (c) (e) | 10316 | 10592 |

---

***Oakmark.com***

---

| | |
|:---|:---|
| **Oakmark Equity and Income Fund** | **June 30, 2025 (Unaudited)** |
| ***Schedule of Investments (in thousands)*** | |

---

---

| | | |
|:---|:---|:---|
|  | Par Value | Value |
| **FIXED INCOME – 39.0% *(cont.)*** |  |  |
| **COLLATERALIZED MORTGAGE OBLIGATIONS – 4.8% *(cont.)*** |  |  |
| JP Morgan Mortgage Trust, Series 2024-12-Class B2, 144A |  |  |
| &nbsp;&nbsp;&nbsp;6.64%, due 06/25/55 (c) (e) | $10210 | $10433 |
| Federal Home Loan Mortgage Corp. REMICS, Series 5389-Class BZ |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, due 03/25/54 | 10915 | 10338 |
| JP Morgan Mortgage Trust, Series 2024-12-Class B1, 144A |  |  |
| &nbsp;&nbsp;&nbsp;6.64%, due 06/25/55 (c) (e) | 9290 | 9561 |
| Federal Home Loan Mortgage Corp. REMICS, Series 5413-Class Z |  |  |
| &nbsp;&nbsp;&nbsp;5.50%, due 05/25/54 | 8525 | 8811 |
| Sequoia Mortgage Trust, Series 2024-9-Class B1A, 144A |  |  |
| &nbsp;&nbsp;&nbsp;6.00%, due 10/25/54 (c) (e) | 8060 | 8066 |
| GS Mortgage-Backed Securities Trust, Series 2025-PJ6-Class B1, 144A |  |  |
| &nbsp;&nbsp;&nbsp;6.549%, due 11/25/55 (c) (e) | 7000 | 7163 |
| JP Morgan Mortgage Trust, Series 2025-CCM1-Class B1, 144A |  |  |
| &nbsp;&nbsp;&nbsp;6.113%, due 06/25/55 (c) (e) | 6815 | 6838 |
| RCKT Mortgage Trust, Series 2021-5-Class B2A, 144A |  |  |
| &nbsp;&nbsp;&nbsp;2.919%, due 11/25/51 (c) (e) | 8357 | 6828 |
| JP Morgan Mortgage Trust, Series 2025-CCM2-Class B2, 144A |  |  |
| &nbsp;&nbsp;&nbsp;6.58%, due 09/25/55 (c) (e) | 6108 | 6131 |
| JP Morgan Mortgage Trust, Series 2025-CCM1-Class B2, 144A |  |  |
| &nbsp;&nbsp;&nbsp;6.113%, due 06/25/55 (c) (e) | 4969 | 4953 |
| RCKT Mortgage Trust, Series 2025-1-Class B2A, 144A |  |  |
| &nbsp;&nbsp;&nbsp;6.483%, due 03/25/55 (c) (e) | 4735 | 4887 |
| GS Mortgage-Backed Securities Trust, Series 2025-PJ3-Class B2, 144A |  |  |
| &nbsp;&nbsp;&nbsp;6.207%, due 07/25/55 (c) (e) | 4860 | 4841 |
| Chase Home Lending Mortgage Trust, Series 2025-4-Class B1, 144A |  |  |
| &nbsp;&nbsp;&nbsp;6.651%, due 03/25/56 (c) (e) | 3990 | 4144 |
| GS Mortgage-Backed Securities Trust, Series 2025-PJ3-Class B1, 144A |  |  |
| &nbsp;&nbsp;&nbsp;6.207%, due 07/25/55 (c) (e) | 3797 | 3822 |
| Bank, Series 2022-BNK40-Class AS |  |  |
| &nbsp;&nbsp;&nbsp;3.504%, due 03/15/64 (c) | 3500 | 3123 |
| GS Mortgage-Backed Securities Trust, Series 2025-PJ4-Class B1, 144A |  |  |
| &nbsp;&nbsp;&nbsp;6.497%, due 09/25/55 (c) (e) | 1996 | 2050 |
| GS Mortgage-Backed Securities Trust, Series 2025-PJ1-Class B2, 144A |  |  |
| &nbsp;&nbsp;&nbsp;6.20%, due 06/25/55 (c) (e) | 1754 | 1706 |
| **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS – 4.8%** |  |  |
| **(Cost $292,908)** |  | **298098** |
| **GOVERNMENT AND AGENCY SECURITIES – 3.9%** |  |  |
| **U.S. GOVERNMENT BONDS – 2.9%** |  |  |
| U.S. Treasury Bonds |  |  |
| &nbsp;&nbsp;&nbsp;4.50%, due 11/15/54 | 72500 | 69090 |
| &nbsp;&nbsp;&nbsp;4.75%, due 02/15/45 | 43700 | 43468 |
| &nbsp;&nbsp;&nbsp;3.625%, due 02/15/53 | 50000 | 40817 |
| &nbsp;&nbsp;&nbsp;4.625%, due 11/15/44 | 29425 | 28804 |
|  |  | 182179 |
| **U.S. GOVERNMENT NOTES – 1.0%** |  |  |
| 4.25%, due 05/15/35 | 60000 | 60093 |
| **Total Government and Agency Securities** |  |  |
| &nbsp;&nbsp;&nbsp;**(Cost $246,554)** |  | **242272** |
| **BANK LOANS(f) – 2.4%** |  |  |
| **CONSUMER STAPLES – 0.9%** |  |  |
| Medline Borrower LP 2024 USD Add-on Term Loan B |  |  |
| &nbsp;&nbsp;&nbsp;6.577% (1 mo. USD Term SOFR + 2.250%), due 10/23/28 (c) | 19953 | 19963 |
| Belron Finance 2019 LLC 2024 USD Term Loan B |  |  |
| &nbsp;&nbsp;&nbsp;7.049% (3 mo. USD Term SOFR + 2.750%), due 10/16/31 (c) | 13399 | 13445 |
| Wand NewCo 3, Inc. 2025 Repriced Term Loan B |  |  |
| &nbsp;&nbsp;&nbsp;6.827% (1 mo. USD Term SOFR + 2.500%), due 01/30/31 (c) | 24062 | 23939 |
|  |  | 57347 |
| **FINANCIALS – 0.5%** |  |  |
| Citadel Securities LP 2024 First Lien Term Loan |  |  |
| &nbsp;&nbsp;&nbsp;6.327% (1 mo. USD Term SOFR + 2.000%), due 10/31/31 (c) | 19628 | 19700 |
| Blackstone Mortgage Trust, Inc. 2025 Term Loan B6 |  |  |
| &nbsp;&nbsp;&nbsp;7.327% (1 mo. USD Term SOFR + 3.000%), due 12/10/30 (c) | 9975 | 9981 |
|  |  | 29681 |
| **INDUSTRIALS – 0.4%** |  |  |
| Clydesdale Acquisition Holdings, Inc. 2025 Delayed Draw Term Loan |  |  |
| &nbsp;&nbsp;&nbsp;1.625%, due 04/01/32 (g) | 86 | 85 |
| Boost Newco Borrower LLC 2025 USD Term Loan B |  |  |
| &nbsp;&nbsp;&nbsp;6.296% (3 mo. USD Term SOFR + 2.000%), due 01/31/31 (c) | 14925 | 14956 |
| Clydesdale Acquisition Holdings, Inc. 2025 Term Loan B |  |  |
| &nbsp;&nbsp;&nbsp;7.577% (1 mo. USD Term SOFR + 3.250%), due 04/01/32 (c) | 4914 | 4892 |
| SkyMiles IP Ltd. 2020 Skymiles Term Loan B |  |  |
| &nbsp;&nbsp;&nbsp;8.022% (3 mo. USD Term SOFR + 3.750%), due 10/20/27 (c) | 4293 | 4314 |
|  |  | 24247 |

---

**OAKMARK FUNDS**

---

| | |
|:---|:---|
| **Oakmark Equity and Income Fund** | **June 30, 2025 (Unaudited)** |
| ***Schedule of Investments (in thousands)*** | |

---

---

| | | |
|:---|:---|:---|
|  | Par Value | Value |
| **FIXED INCOME – 39.0% *(cont.)*** |  |  |
| **BANK LOANS(f) – 2.4% *(cont.)*** |  |  |
| **CONSUMER DISCRETIONARY – 0.4%** |  |  |
| Raising Cane's Restaurants LLC 2024 Term Loan B |  |  |
| &nbsp;&nbsp;&nbsp;6.327% (1 mo. USD Term SOFR + 2.000%), due 09/18/31 (c) | $9925 | $9975 |
| Peer Holding III BV 2025 USD Term Loan B4B |  |  |
| &nbsp;&nbsp;&nbsp;6.796% (3 mo. USD Term SOFR + 2.500%), due 10/28/30 (c) | 8811 | 8858 |
| Peer Holding III BV 2025 USD Term Loan B5B |  |  |
| &nbsp;&nbsp;&nbsp;6.796% (3 mo. USD Term SOFR + 2.500%), due 07/01/31 (c) | 4975 | 4997 |
|  |  | 23830 |
| **ENERGY – 0.2%** |  |  |
| ChampionX Corp. 2022 Term Loan B2 |  |  |
| &nbsp;&nbsp;&nbsp;7.177% (1 mo. USD Term SOFR + 2.750%), due 06/07/29 (c) | 16090 | 16090 |
| **Total Bank Loans** |  |  |
| &nbsp;&nbsp;&nbsp;**(Cost $150,778)** |  | **151195** |
| **ASSET BACKED SECURITIES – 2.4%** |  |  |
| Santander Drive Auto Receivables Trust, Series 2024-4-Class D, |  |  |
| &nbsp;&nbsp;&nbsp;5.32%, due 12/15/31 | 21750 | 21977 |
| CPS Auto Receivables Trust, Series 2023-D-Class D, 144A, |  |  |
| &nbsp;&nbsp;&nbsp;7.80%, due 01/15/30 (e) | 9237 | 9652 |
| Exeter Automobile Receivables Trust, Series 2025-2A-Class D, |  |  |
| &nbsp;&nbsp;&nbsp;5.89%, due 07/15/31 | 9000 | 9239 |
| CarMax Auto Owner Trust , Series 2023-1-Class D, |  |  |
| &nbsp;&nbsp;&nbsp;6.27%, due 11/15/29 | 8500 | 8655 |
| Sierra Timeshare Receivables Funding LLC, Series 2025-1A-Class D, 144A, |  |  |
| &nbsp;&nbsp;&nbsp;6.86%, due 01/21/42 (e) | 8463 | 8276 |
| Carvana Auto Receivables Trust, Series 2024-P3-Class D, |  |  |
| &nbsp;&nbsp;&nbsp;5.39%, due 09/10/32 | 8000 | 7978 |
| CPS Auto Receivables Trust, Series 2024-B-Class E, 144A, |  |  |
| &nbsp;&nbsp;&nbsp;8.36%, due 11/17/31 (e) | 7250 | 7535 |
| CPS Auto Receivables Trust, Series 2022-A-Class E, 144A, |  |  |
| &nbsp;&nbsp;&nbsp;4.88%, due 04/16/29 (e) | 7500 | 7428 |
| Hyundai Auto Receivables Trust, Series 2025-B-Class C, |  |  |
| &nbsp;&nbsp;&nbsp;4.92%, due 07/15/32 | 6800 | 6864 |
| CPS Auto Receivables Trust, Series 2024-C-Class E, 144A, |  |  |
| &nbsp;&nbsp;&nbsp;8.04%, due 03/15/32 (e) | 5000 | 5155 |
| HPEFS Equipment Trust, Series 2024-2A-Class D, 144A, |  |  |
| &nbsp;&nbsp;&nbsp;5.82%, due 04/20/32 (e) | 4460 | 4538 |
| Carvana Auto Receivables Trust, Series 2023-P2-Class D, 144A, |  |  |
| &nbsp;&nbsp;&nbsp;6.72%, due 06/10/30 (e) | 4000 | 4169 |
| CPS Auto Receivables Trust, Series 2023-C-Class E, 144A, |  |  |
| &nbsp;&nbsp;&nbsp;9.66%, due 02/18/31 (e) | 3750 | 4073 |
| CarMax Auto Owner Trust , Series 2025-2-Class C, |  |  |
| &nbsp;&nbsp;&nbsp;5.16%, due 01/15/31 | 3750 | 3805 |
| Exeter Automobile Receivables Trust, Series 2025-3A-Class D, |  |  |
| &nbsp;&nbsp;&nbsp;5.57%, due 10/15/31 | 3500 | 3558 |
| Sierra Timeshare Receivables Funding LLC, Series 2024-1A-Class C, 144A, |  |  |
| &nbsp;&nbsp;&nbsp;5.94%, due 01/20/43 (e) | 3266 | 3302 |
| CPS Auto Receivables Trust, Series 2024-A-Class D, 144A, |  |  |
| &nbsp;&nbsp;&nbsp;6.13%, due 04/15/30 (e) | 3200 | 3264 |
| Carvana Auto Receivables Trust, Series 2025-P1-Class N,144A, |  |  |
| &nbsp;&nbsp;&nbsp;5.66%, due 03/10/33 (e) | 3257 | 3257 |
| CPS Auto Receivables Trust, Series 2024-A-Class E, 144A, |  |  |
| &nbsp;&nbsp;&nbsp;8.42%, due 08/15/31 (e) | 3100 | 3214 |
| Sierra Timeshare Receivables Funding LLC, Series 2023-2A-Class C, 144A, |  |  |
| &nbsp;&nbsp;&nbsp;7.30%, due 04/20/40 (e) | 3080 | 3186 |
| CPS Auto Receivables Trust, Series 2022-C-Class E, 144A, |  |  |
| &nbsp;&nbsp;&nbsp;9.08%, due 04/15/30 (e) | 3000 | 3150 |
| Sierra Timeshare Receivables Funding LLC, Series 2023-3A-Class C, 144A, |  |  |
| &nbsp;&nbsp;&nbsp;7.12%, due 09/20/40 (e) | 3004 | 3099 |
| Sierra Timeshare Receivables Funding LLC, Series 2024-3A-Class C, 144A, |  |  |
| &nbsp;&nbsp;&nbsp;5.32%, due 08/20/41 (e) | 3070 | 3066 |
| Sierra Timeshare Receivables Funding LLC, Series 2024-2A-Class D, 144A, |  |  |
| &nbsp;&nbsp;&nbsp;7.48%, due 06/20/41 (e) | 2567 | 2568 |
| Carvana Auto Receivables Trust, Series 2024-P4-Class D,, |  |  |
| &nbsp;&nbsp;&nbsp;5.60%, due 12/10/32 | 2532 | 2562 |
| Sierra Timeshare Receivables Funding LLC, Series 2023-2A-Class D, 144A, |  |  |
| &nbsp;&nbsp;&nbsp;9.72%, due 04/20/40 (e) | 2145 | 2229 |
| Carvana Auto Receivables Trust, Series 2024-P2-Class D, |  |  |
| &nbsp;&nbsp;&nbsp;6.10%, due 06/10/31 | 1625 | 1670 |
| Sierra Timeshare Receivables Funding LLC, Series 2024-1A-Class D, 144A, |  |  |
| &nbsp;&nbsp;&nbsp;8.02%, due 01/20/43 (e) | 1597 | 1627 |
| CarMax Auto Owner Trust , Series 2025-2-Class D, |  |  |
| &nbsp;&nbsp;&nbsp;5.74%, due 10/15/31 | 1000 | 1026 |

---

***Oakmark.com***

---

| | |
|:---|:---|
| **Oakmark Equity and Income Fund** | **June 30, 2025 (Unaudited)** |
| ***Schedule of Investments (in thousands)*** | |

---

---

| | | |
|:---|:---|:---|
|  | Par Value | Value |
| **FIXED INCOME – 39.0% *(cont.)*** |  |  |
| **ASSET BACKED SECURITIES – 2.4% *(cont.)*** |  |  |
| Sierra Timeshare Receivables Funding LLC, Series 2022-2A-Class C, 144A, |  |  |
| &nbsp;&nbsp;&nbsp;6.36%, due 06/20/40 (e) | $433 | $436 |
| Sierra Timeshare Receivables Funding LLC, Series 2022-2A-Class D, 144A, |  |  |
| &nbsp;&nbsp;&nbsp;9.22%, due 06/20/40 (e) | 217 | 222 |
| Carvana Auto Receivables Trust, Series 2024-P4-Class N, 144A, |  |  |
| &nbsp;&nbsp;&nbsp;5.86%, due 12/10/32 (e) | 143 | 143 |
| **Total Asset Backed Securities** |  |  |
| &nbsp;&nbsp;&nbsp;**(Cost $147,286)** |  | **150923** |
| **TOTAL FIXED INCOME – 39.0%** |  |  |
| **(Cost $2,422,765)** |  | **2433928** |
| **SHORT-TERM INVESTMENTS – 2.0%** |  |  |
| **REPURCHASE AGREEMENT – 2.0%** |  |  |
| Fixed Income Clearing Corp. Repurchase Agreement, 4.39% dated 6/30/25 due 7/1/25, repurchase price $124,327, collateralized by United States Treasury Notes, 3.750% - 3.875% due 5/31/27 - 6/30/27, aggregate value plus accrued interest of $126,798 (Cost: $124,312) | 124312 | 124312 |
| **TOTAL SHORT-TERM INVESTMENTS – 2.0%** |  |  |
| **(Cost $124,312)** |  | **124312** |
| **TOTAL INVESTMENTS – 100.2%** |  |  |
| &nbsp;&nbsp;&nbsp;**(Cost $5,281,448)** |  | **6248065** |
| Liabilities In Excess of Other Assets – (0.2)% |  | (13158) |
| **NET ASSETS – 100.0%** |  | $**6234907** |

---

(a) Non-income producing security.

(b) All or a portion of this investment is held in connection with one or more options within the Fund.

(c) Floating Rate Note. Rate shown is as of June 30, 2025.

(d) Security is perpetual and has no stated maturity date.

(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) 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.

(g) All or a portion of this investment is an unfunded loan commitment (See Note 5).

Abbreviations:

SOFR: Secured Overnight Financing Rate

**OAKMARK FUNDS**

---

| | |
|:---|:---|
| **Oakmark Equity and Income Fund** | **June 30, 2025 (Unaudited)** |
| ***Schedule of Investments (in thousands)*** | |

---

**WRITTEN OPTIONS** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **Exercise<br> Price** | **Expiration<br> Date** | **Number of<br> Contracts** | **Notional<br> Amount** | **Market<br> Value** | **Premiums<br> (Received)<br> by Fund** | **Unrealized<br> Gain/(Loss)** |
| &nbsp;&nbsp;&nbsp;**CALLS** |  |  |  |  |  |  |  |
| Amazon.com, Inc. | $220.00 | 9/19/25 | (1000) | $(21939) | $(1383) | $(1107) | $(276) |
|  |  |  |  | $(21939) | $(1383) | $(1107) | $(276) |
| &nbsp;&nbsp;&nbsp;**PUTS** |  |  |  |  |  |  |  |
| Salesforce, Inc. | $270.00 | 9/19/25 | (1500) | $(40904) | $(2220) | $(2752) | $532 |
|  |  |  |  | $(40904) | $(2220) | $(2752) | $532 |

---

***Oakmark.com***

---

| | |
|:---|:---|
| **Oakmark Bond Fund** | **June 30, 2025 (Unaudited)** |
| ***Schedule of Investments (in thousands)*** | |

---

---

| | | |
|:---|:---|:---|
|  | Par Value | Value |
| **FIXED INCOME – 97.3%** |  |  |
| **CORPORATE BONDS – 46.5%** |  |  |
| **FINANCIALS – 10.8%** |  |  |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust |  |  |
| &nbsp;&nbsp;&nbsp;5.375%, due 12/15/31 | $1500 | $1533 |
| Ally Financial, Inc., Series C |  |  |
| &nbsp;&nbsp;&nbsp;4.70% (7 yr. CMT + 3.481%) (a) (b) | 1000 | 897 |
| Apollo Commercial Real Estate Finance, Inc., 144A |  |  |
| &nbsp;&nbsp;&nbsp;4.625%, due 06/15/29 (c) | 1000 | 951 |
| Arthur J Gallagher & Co. |  |  |
| &nbsp;&nbsp;&nbsp;5.55%, due 02/15/55 | 750 | 719 |
| Capital One Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;7.624% (1 day USD SOFR + 3.070%), due 10/30/31 (a) | 600 | 678 |
| Charles Schwab Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.853% (1 day USD SOFR + 2.500%), due 05/19/34 (a) | 1350 | 1434 |
| Citadel Securities Global Holdings LLC, 144A |  |  |
| &nbsp;&nbsp;&nbsp;6.20%, due 06/18/35 (c) | 1000 | 1026 |
| First Citizens BancShares, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.231%(1 day USD SOFR + 1.410%), due 03/12/31 (a) | 1500 | 1508 |
| &nbsp;&nbsp;&nbsp;6.254%(5 yr. CMT + 1.970%), due 03/12/40 (a) | 750 | 746 |
| Goldman Sachs Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.218% (1 day USD SOFR + 1.580%), due 04/23/31 (a) | 1000 | 1025 |
| Jane Street Group/JSG Finance, Inc., 144A |  |  |
| &nbsp;&nbsp;&nbsp;6.75%, due 05/01/33 (c) | 1500 | 1542 |
| JPMorgan Chase & Co. |  |  |
| &nbsp;&nbsp;&nbsp;5.103% (1 day USD SOFR + 1.435%), due 04/22/31 (a) | 2500 | 2562 |
| KKR Group Finance Co. XII LLC, 144A |  |  |
| &nbsp;&nbsp;&nbsp;4.85%, due 05/17/32 (c) | 1000 | 995 |
| LPL Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.15%, due 06/15/30 | 500 | 506 |
| Morgan Stanley |  |  |
| &nbsp;&nbsp;&nbsp;5.192% (1 day USD SOFR + 1.510%), due 04/17/31 (a) | 1000 | 1025 |
| Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc., 144A |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, due 10/15/33 (c) | 662 | 592 |
| &nbsp;&nbsp;&nbsp;3.875%, due 03/01/31 (c) | 588 | 545 |
| South State Bank NA |  |  |
| &nbsp;&nbsp;&nbsp;8.375% (3 mo. USD Term SOFR + 4.605%), due 08/15/34 (a) | 500 | 513 |
| Truist Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.867% (1 day USD SOFR + 2.361%), due 06/08/34 (a) | 1100 | 1149 |
| Wells Fargo & Co. |  |  |
| &nbsp;&nbsp;&nbsp;5.15%(1 day USD SOFR + 1.500%), due 04/23/31 (a) | 1000 | 1024 |
| &nbsp;&nbsp;&nbsp;5.605%(1 day USD SOFR + 1.740%), due 04/23/36 (a) | 850 | 878 |
|  |  | 21848 |
| **CONSUMER DISCRETIONARY – 8.6%** |  |  |
| American Honda Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.20%, due 03/05/35 | 2000 | 1989 |
| Aptiv Swiss Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;5.15%, due 09/13/34 | 1000 | 965 |
| AutoZone, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.125%, due 06/15/30 | 2000 | 2051 |
| Beacon Roofing Supply Inc, 144A |  |  |
| &nbsp;&nbsp;&nbsp;6.75%, due 04/30/32 (c) | 1500 | 1545 |
| Carnival Corp., 144A |  |  |
| &nbsp;&nbsp;&nbsp;5.875%, due 06/15/31 (c) | 1500 | 1528 |
| General Motors Financial Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.15%, due 07/15/35 | 1250 | 1278 |
| Hyatt Hotels Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.75%, due 03/30/32 | 2000 | 2053 |
| Hyundai Capital America, 144A |  |  |
| &nbsp;&nbsp;&nbsp;5.40%, due 06/23/32 (c) | 2000 | 2026 |
| Lithia Motors, Inc., 144A |  |  |
| &nbsp;&nbsp;&nbsp;4.375%, due 01/15/31 (c) | 1100 | 1046 |
| M/I Homes, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.95%, due 02/15/30 | 850 | 795 |
| Phinia Inc, 144A |  |  |
| &nbsp;&nbsp;&nbsp;6.625%, due 10/15/32 (c) | 977 | 992 |
| Starbucks Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.40%, due 05/15/35 | 1000 | 1019 |
|  |  | 17287 |
| **INDUSTRIALS – 7.1%** |  |  |
| Boeing Co. |  |  |
| &nbsp;&nbsp;&nbsp;6.858%, due 05/01/54 | 1250 | 1368 |
| Bombardier, Inc., 144A |  |  |
| &nbsp;&nbsp;&nbsp;6.75%, due 06/15/33 (c) | 1500 | 1554 |
| Caterpillar, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.50%, due 05/15/55 | 1500 | 1495 |
| Delta Air Lines, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.25%, due 07/10/30 | 2000 | 2013 |
| GXO Logistics, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.50%, due 05/06/34 | 1500 | 1569 |
| Molex Electronic Technologies LLC, 144A |  |  |
| &nbsp;&nbsp;&nbsp;5.25%, due 04/30/32 (c) | 2000 | 2030 |
| United Airlines, Inc., 144A |  |  |
| &nbsp;&nbsp;&nbsp;4.625%, due 04/15/29 (c) | 1500 | 1456 |
| United Parcel Service, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.95%, due 05/14/55 | 1500 | 1539 |
| Viterra Finance BV, 144A |  |  |
| &nbsp;&nbsp;&nbsp;2.00%, due 04/21/26 (c) | 1000 | 979 |
| &nbsp;&nbsp;&nbsp;5.25%, due 04/21/32 (c) | 250 | 254 |
|  |  | 14257 |
| **ENERGY – 5.5%** |  |  |
| Aker BP ASA, 144A |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, due 01/15/31 (c) | 1500 | 1425 |
| APA Corp, 144A |  |  |
| &nbsp;&nbsp;&nbsp;5.35%, due 07/01/49 (c) | 750 | 595 |
| EOG Resources, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, due 07/15/32 | 1250 | 1265 |
| Expand Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.75%, due 02/01/32 | 1250 | 1216 |
| Noble Finance II LLC, 144A |  |  |
| &nbsp;&nbsp;&nbsp;8.00%, due 04/15/30 (c) | 1000 | 1018 |
| Parsley Energy LLC/Parsley Finance Corp., 144A |  |  |
| &nbsp;&nbsp;&nbsp;4.125%, due 02/15/28 (c) | 1500 | 1471 |

---

**OAKMARK FUNDS**

---

| | |
|:---|:---|
| **Oakmark Bond Fund** | **June 30, 2025 (Unaudited)** |
| ***Schedule of Investments (in thousands)*** | |

---

---

| | | |
|:---|:---|:---|
|  | Par Value | Value |
| **FIXED INCOME – 97.3% *(cont.)*** |  |  |
| **CORPORATE BONDS – 46.5% *(cont.)*** |  |  |
| **ENERGY – 5.5% *(cont.)*** |  |  |
| Patterson-UTI Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.15%, due 10/01/33 | $1500 | $1536 |
| Valero Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;6.625%, due 06/15/37 | 848 | 913 |
| &nbsp;&nbsp;&nbsp;5.15%, due 02/15/30 | 652 | 665 |
| Williams Cos., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.30%, due 09/30/35 | 1000 | 1001 |
|  |  | 11105 |
| **HEALTH CARE – 4.4%** |  |  |
| CVS Health Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.78%, due 03/25/38 | 1000 | 918 |
| GE HealthCare Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.50%, due 06/15/35 | 2000 | 2048 |
| Humana, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.375%, due 04/15/31 | 1000 | 1023 |
| Icon Investments Six DAC |  |  |
| &nbsp;&nbsp;&nbsp;6.00%, due 05/08/34 | 2000 | 2044 |
| Insulet Corp., 144A |  |  |
| &nbsp;&nbsp;&nbsp;6.50%, due 04/01/33 (c) | 1500 | 1564 |
| Select Medical Corp, 144A |  |  |
| &nbsp;&nbsp;&nbsp;6.25%, due 12/01/32 (c) | 1250 | 1257 |
|  |  | 8854 |
| **CONSUMER STAPLES – 3.6%** |  |  |
| Bacardi-Martini BV, 144A |  |  |
| &nbsp;&nbsp;&nbsp;6.00%, due 02/01/35 (c) | 1250 | 1290 |
| Diageo Investment Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.625%, due 04/15/35 | 1750 | 1830 |
| Dollar General Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.45%, due 07/05/33 | 1350 | 1381 |
| JBS USA LUX Sarl / JBS USA Food Co. / JBS USA Foods Group, 144A |  |  |
| &nbsp;&nbsp;&nbsp;5.95%, due 04/20/35 (c) | 1250 | 1295 |
| Philip Morris International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.875%, due 04/30/35 | 1500 | 1480 |
|  |  | 7276 |
| **REAL ESTATE – 3.0%** |  |  |
| Alexandria Real Estate Equities, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.50%, due 10/01/35 | 1500 | 1517 |
| CBRE Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.80%, due 06/15/30 | 1500 | 1505 |
| Omega Healthcare Investors, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.20%, due 07/01/30 | 1250 | 1257 |
| RHP Hotel Properties LP/RHP Finance Corp., 144A |  |  |
| &nbsp;&nbsp;&nbsp;6.50%, due 06/15/33 (c) | 1750 | 1800 |
|  |  | 6079 |
| **MATERIALS – 2.0%** |  |  |
| Celanese U.S. Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.75%, due 04/15/33 | 1500 | 1516 |
| LYB International Finance III LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.15%, due 05/15/35 | 1500 | 1557 |
| Quikrete Holdings, Inc., 144A |  |  |
| &nbsp;&nbsp;&nbsp;6.375%, due 03/01/32 (c) | 1000 | 1028 |
|  |  | 4101 |
| **COMMUNICATION SERVICES – 1.0%** |  |  |
| Vail Resorts, Inc., 144A |  |  |
| &nbsp;&nbsp;&nbsp;5.625%, due 07/15/30 (c) | 2000 | 2008 |
| **UTILITIES – 0.5%** |  |  |
| Southern Co., Series 21-A |  |  |
| &nbsp;&nbsp;&nbsp;3.75% (5 yr. CMT + 2.915%), due 09/15/51 (a) | 1000 | 986 |
| **Total Corporate Bonds** |  |  |
| &nbsp;&nbsp;&nbsp;**(Cost $91,915)** |  | **93801** |
| **MORTGAGE-BACKED SECURITIES – 14.1%** |  |  |
| Federal Home Loan Mortgage Corp., Pool SD6595 |  |  |
| &nbsp;&nbsp;&nbsp;5.50%, due 10/01/54 | 3280 | 3308 |
| Federal National Mortgage Association, Pool FS8007 |  |  |
| &nbsp;&nbsp;&nbsp;5.50%, due 06/01/54 | 3208 | 3236 |
| Federal Home Loan Mortgage Corp., Pool SD3470 |  |  |
| &nbsp;&nbsp;&nbsp;2.50%, due 06/01/52 | 3487 | 2937 |
| Federal Home Loan Mortgage Corp., Pool RJ2202 |  |  |
| &nbsp;&nbsp;&nbsp;5.50%, due 08/01/54 | 2893 | 2908 |
| Federal National Mortgage Association, Pool CB8992 |  |  |
| &nbsp;&nbsp;&nbsp;5.50%, due 08/01/54 | 2835 | 2852 |
| Federal National Mortgage Association, Pool CB4851 |  |  |
| &nbsp;&nbsp;&nbsp;4.50%, due 08/01/54 | 2948 | 2821 |
| Federal National Mortgage Association, Pool DC7132 |  |  |
| &nbsp;&nbsp;&nbsp;5.50%, due 12/01/54 | 1987 | 1998 |
| Federal National Mortgage Association, Pool FA0201 |  |  |
| &nbsp;&nbsp;&nbsp;5.50%, due 12/01/54 | 1937 | 1942 |
| Federal Home Loan Mortgage Corp., Pool SD6569 |  |  |
| &nbsp;&nbsp;&nbsp;5.50%, due 10/01/54 | 1925 | 1933 |
| Federal Home Loan Mortgage Corp., Pool SD6577 |  |  |
| &nbsp;&nbsp;&nbsp;5.50%, due 09/01/54 | 1914 | 1919 |
| Federal National Mortgage Association, Pool CB0830 |  |  |
| &nbsp;&nbsp;&nbsp;2.50%, due 06/01/51 | 1819 | 1533 |
| Federal Home Loan Mortgage Corp., Pool SD8188 |  |  |
| &nbsp;&nbsp;&nbsp;2.00%, due 01/01/52 | 1233 | 979 |
| **TOTAL MORTGAGE-BACKED SECURITIES – 14.1%** |  |  |
| **(Cost $28,268)** |  | **28366** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS – 13.0%** |  |  |
| Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through, Series K-167-Class A2 |  |  |
| &nbsp;&nbsp;&nbsp;4.76%, due 10/25/34 | 4000 | 4057 |
| JP Morgan Mortgage Trust, Series 2025-CCM1-Class B2, 144A |  |  |
| &nbsp;&nbsp;&nbsp;6.113%, due 06/25/55 (a) (c) | 2302 | 2294 |
| Bank, Series 2022-BNK40-Class A4 |  |  |
| &nbsp;&nbsp;&nbsp;3.504%, due 03/15/64 (a) | 2400 | 2205 |

---

***Oakmark.com***

---

| | |
|:---|:---|
| **Oakmark Bond Fund** | **June 30, 2025 (Unaudited)** |
| ***Schedule of Investments (in thousands)*** | |

---

---

| | | |
|:---|:---|:---|
|  | Par Value | Value |
| **FIXED INCOME – 97.3% *(cont.)*** |  |  |
| **COLLATERALIZED MORTGAGE OBLIGATIONS – 13.0% *(cont.)*** |  |  |
| Government National Mortgage Association REMICS, Seres 2023-164-Class BZ |  |  |
| &nbsp;&nbsp;&nbsp;6.00%, due 11/20/53 | $1979 | $2074 |
| Chase Home Lending Mortgage Trust, Series 2025-4-Class B1, 144A |  |  |
| &nbsp;&nbsp;&nbsp;6.651%, due 03/25/56 (a) (c) | 1995 | 2072 |
| JP Morgan Mortgage Trust, Series 2024-6-Class B2, 144A |  |  |
| &nbsp;&nbsp;&nbsp;6.924%, due 12/25/54 (a) (c) | 1975 | 2053 |
| GS Mortgage-Backed Securities Trust, Series 2025-PJ4-Class B1, 144A |  |  |
| &nbsp;&nbsp;&nbsp;6.497%, due 09/25/55 (a) (c) | 1996 | 2050 |
| Sequoia Mortgage Trust, Series 2024-9-Class B1A, 144A |  |  |
| &nbsp;&nbsp;&nbsp;6.00%, due 10/25/54 (a) (c) | 1981 | 1982 |
| GS Mortgage-Backed Securities Trust, Series 2025-PJ1-Class B2, 144A |  |  |
| &nbsp;&nbsp;&nbsp;6.20%, due 06/25/55 (a) (c) | 1985 | 1931 |
| Federal Home Loan Mortgage Corp. REMICS, Series 5408-Class QZ |  |  |
| &nbsp;&nbsp;&nbsp;5.50%, due 04/25/54 | 1599 | 1586 |
| Federal Home Loan Mortgage Corp. REMICS, Series 5369-Class Z |  |  |
| &nbsp;&nbsp;&nbsp;6.00%, due 01/25/54 | 1094 | 1118 |
| JP Morgan Mortgage Trust, Series 2024-12-Class B2, 144A |  |  |
| &nbsp;&nbsp;&nbsp;6.64%, due 06/25/55 (a) (c) | 993 | 1015 |
| JP Morgan Mortgage Trust, Series 2025-CCM2-Class B2, 144A |  |  |
| &nbsp;&nbsp;&nbsp;6.58%, due 09/25/55 (a) (c) | 998 | 1001 |
| Chase Home Lending Mortgage Trust, Series 2024-1-Class B1, 144A |  |  |
| &nbsp;&nbsp;&nbsp;6.674%, due 01/25/55 (a) (c) | 785 | 807 |
| **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS – 13.0%** |  |  |
| **(Cost $25,911)** |  | **26245** |
| **GOVERNMENT AND AGENCY SECURITIES – 8.8%** |  |  |
| **U.S. GOVERNMENT BONDS – 8.8%** |  |  |
| U.S. Treasury Bonds |  |  |
| &nbsp;&nbsp;&nbsp;4.625%, due 05/15/54 | 5500 | 5342 |
| &nbsp;&nbsp;&nbsp;4.625%, due 11/15/44 | 2750 | 2692 |
| &nbsp;&nbsp;&nbsp;4.75%, due 11/15/43 | 2000 | 1998 |
| &nbsp;&nbsp;&nbsp;4.125%, due 08/15/44 | 2000 | 1832 |
| &nbsp;&nbsp;&nbsp;3.00%, due 08/15/52 | 2500 | 1804 |
| &nbsp;&nbsp;&nbsp;4.375%, due 08/15/43 | 1500 | 1430 |
| &nbsp;&nbsp;&nbsp;3.625%, due 05/15/53 | 1500 | 1223 |
| &nbsp;&nbsp;&nbsp;4.125%, due 08/15/53 | 500 | 447 |
| &nbsp;&nbsp;&nbsp;3.375%, due 08/15/42 | 500 | 420 |
| &nbsp;&nbsp;&nbsp;2.00%, due 11/15/41 | 500 | 344 |
| &nbsp;&nbsp;&nbsp;2.00%, due 08/15/51 | 500 | 288 |
|  |  | 17820 |
| **Total Government and Agency Securities** |  |  |
| **(Cost $19,500)** |  | **17820** |
| **ASSET BACKED SECURITIES – 8.0%** |  |  |
| CarMax Auto Owner Trust , Series 2025-2-Class D, |  |  |
| &nbsp;&nbsp;&nbsp;5.74%, due 10/15/31 | 2000 | 2051 |
| Hyundai Auto Receivables Trust, Series 2025-B-Class C, |  |  |
| &nbsp;&nbsp;&nbsp;4.92%, due 07/15/32 | 2000 | 2019 |
| Carvana Auto Receivables Trust, Series 2024-P3-Class D, |  |  |
| &nbsp;&nbsp;&nbsp;5.39%, due 09/10/32 | 1320 | 1316 |
| Carvana Auto Receivables Trust, Series 2024-P4-Class D,, |  |  |
| &nbsp;&nbsp;&nbsp;5.60%, due 12/10/32 | 1250 | 1265 |
| CPS Auto Receivables Trust, Series 2024-C-Class E, 144A, |  |  |
| &nbsp;&nbsp;&nbsp;8.04%, due 03/15/32 (c) | 1000 | 1031 |
| Carvana Auto Receivables Trust, Series 2024-P2-Class D, |  |  |
| &nbsp;&nbsp;&nbsp;6.10%, due 06/10/31 | 1000 | 1028 |
| Exeter Automobile Receivables Trust, Series 2025-2A-Class D, |  |  |
| &nbsp;&nbsp;&nbsp;5.89%, due 07/15/31 | 1000 | 1027 |
| HPEFS Equipment Trust, Series 2024-2A-Class D, 144A, |  |  |
| &nbsp;&nbsp;&nbsp;5.82%, due 04/20/32 (c) | 1000 | 1017 |
| Exeter Automobile Receivables Trust, Series 2025-3A-Class D, |  |  |
| &nbsp;&nbsp;&nbsp;5.57%, due 10/15/31 | 1000 | 1017 |
| Sierra Timeshare Receivables Funding LLC, Series 2025-1A-Class D, 144A, |  |  |
| &nbsp;&nbsp;&nbsp; 6.86%, due 01/21/42 (c) | 846 | 828 |
| CPS Auto Receivables Trust, Series 2022-C-Class E, 144A, |  |  |
| &nbsp;&nbsp;&nbsp;9.08%, due 04/15/30 (c) | 750 | 787 |
| Sierra Timeshare Receivables Funding LLC, Series 2023-2A-Class C, 144A, |  |  |
| &nbsp;&nbsp;&nbsp;7.30%, due 04/20/40 (c) | 657 | 679 |
| Sierra Timeshare Receivables Funding LLC, Series 2024-3A-Class C, 144A, |  |  |
| &nbsp;&nbsp;&nbsp;5.32%, due 08/20/41 (c) | 660 | 659 |
| CPS Auto Receivables Trust, Series 2023-C-Class E, 144A, |  |  |
| &nbsp;&nbsp;&nbsp;9.66%, due 02/18/31 (c) | 500 | 543 |
| Sierra Timeshare Receivables Funding LLC, Series 2023-2A-Class D, 144A, |  |  |
| &nbsp;&nbsp;&nbsp;9.72%, due 04/20/40 (c) | 370 | 385 |
| Sierra Timeshare Receivables Funding LLC, Series 2024-2A-Class D, 144A, |  |  |
| &nbsp;&nbsp;&nbsp;7.48%, due 06/20/41 (c) | 371 | 371 |

---

**OAKMARK FUNDS**

---

| | |
|:---|:---|
| **Oakmark Bond Fund** | **June 30, 2025 (Unaudited)** |
| ***Schedule of Investments (in thousands)*** | |

---

---

| | | |
|:---|:---|:---|
|  | Par Value | Value |
| **FIXED INCOME – 97.3% *(cont.)*** |  |  |
| **ASSET BACKED SECURITIES – 8.0% *(cont.)*** |  |  |
| Sierra Timeshare Receivables Funding LLC, Series 2022-2A-Class D, 144A, |  |  |
| &nbsp;&nbsp;&nbsp;9.22%, due 06/20/40 (c) | $162 | $167 |
| **Total Asset Backed Securities** |  |  |
| &nbsp;&nbsp;&nbsp;**(Cost $15,879)** |  | **16190** |
| **BANK LOANS(d) – 6.9%** |  |  |
| **CONSUMER STAPLES – 2.1%** |  |  |
| Belron Finance 2019 LLC 2024 USD Term Loan B |  |  |
| &nbsp;&nbsp;&nbsp;7.049% (3 mo. USD Term SOFR + 2.750%), due 10/16/31 (a) | 1489 | 1494 |
| Medline Borrower LP 2024 USD Add-on Term Loan B |  |  |
| &nbsp;&nbsp;&nbsp;6.577% (1 mo. USD Term SOFR + 2.250%), due 10/23/28 (a) | 1336 | 1337 |
| Wand NewCo 3, Inc. 2025 Repriced Term Loan B |  |  |
| &nbsp;&nbsp;&nbsp;6.827% (1 mo. USD Term SOFR + 2.500%), due 01/30/31 (a) | 1444 | 1436 |
|  |  | 4267 |
| **INDUSTRIALS – 1.6%** |  |  |
| SkyMiles IP Ltd. 2020 Skymiles Term Loan B |  |  |
| &nbsp;&nbsp;&nbsp;8.022% (3 mo. USD Term SOFR + 3.750%), due 10/20/27 (a) | 307 | 308 |
| Boost Newco Borrower LLC 2025 USD Term Loan B |  |  |
| &nbsp;&nbsp;&nbsp;6.296% (3 mo. USD Term SOFR + 2.000%), due 01/31/31 (a) | 1493 | 1495 |
| Clydesdale Acquisition Holdings, Inc. 2025 Term Loan B |  |  |
| &nbsp;&nbsp;&nbsp;7.577% (1 mo. USD Term SOFR + 3.250%), due 04/01/32 (a) | 1474 | 1468 |
| Clydesdale Acquisition Holdings, Inc. 2025 Delayed Draw Term Loan |  |  |
| &nbsp;&nbsp;&nbsp;1.625%, due 04/01/32 (e) | 26 | 26 |
|  |  | 3297 |
| **CONSUMER DISCRETIONARY – 1.5%** |  |  |
| Raising Cane's Restaurants LLC 2024 Term Loan B |  |  |
| &nbsp;&nbsp;&nbsp;6.327% (1 mo. USD Term SOFR + 2.000%), due 09/18/31 (a) | 1489 | 1496 |
| Peer Holding III BV 2025 USD Term Loan B4B |  |  |
| &nbsp;&nbsp;&nbsp;6.796% (3 mo. USD Term SOFR + 2.500%), due 10/28/30 (a) | 1485 | 1493 |
|  |  | 2989 |
| **FINANCIALS – 1.2%** |  |  |
| Citadel Securities LP 2024 First Lien Term Loan |  |  |
| &nbsp;&nbsp;&nbsp;6.327% (1 mo. USD Term SOFR + 2.000%), due 10/31/31 (a) | 967 | 970 |
| Blackstone Mortgage Trust, Inc. 2025 Term Loan B6 |  |  |
| &nbsp;&nbsp;&nbsp;7.327% (1 mo. USD Term SOFR + 3.000%), due 12/10/30 (a) | 1496 | 1497 |
|  |  | 2467 |
| **ENERGY – 0.5%** |  |  |
| ChampionX Corp. 2022 Term Loan B2 |  |  |
| &nbsp;&nbsp;&nbsp;7.177% (1 mo. USD Term SOFR + 2.750%), due 06/07/29 (a) | 975 | 975 |
| **Total Bank Loans** |  |  |
| &nbsp;&nbsp;&nbsp;**(Cost $13,902)** |  | **13995** |
| **TOTAL FIXED INCOME – 97.3%** |  |  |
| **(Cost $195,375)** |  | **196417** |
| **SHORT-TERM INVESTMENTS – 3.5%** |  |  |
| **REPURCHASE AGREEMENT – 3.5%** |  |  |
| Fixed Income Clearing Corp. Repurchase Agreement, 4.39% dated 6/30/25 due 7/1/25, repurchase price $6,990, collateralized by United States Treasury Notes, 3.750% - 3.875% due 5/31/27 - 6/30/27, aggregate value plus accrued interest of $7,129 (Cost: $6,989) | 6989 | 6989 |
| **TOTAL SHORT-TERM INVESTMENTS – 3.5%** |  |  |
| **(Cost $6,989)** |  | **6989** |
| **TOTAL INVESTMENTS – 100.8%** |  |  |
| &nbsp;&nbsp;&nbsp;**(Cost $202,364)** |  | **203406** |
| Liabilities In Excess of Other Assets – (0.8)% |  | (1633) |
| **NET ASSETS – 100.0%** |  | $**201773** |

---

(a) Floating Rate Note. Rate shown is as of June 30, 2025.

(b) Security is perpetual and has no stated maturity date.

(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) All or a portion of this investment is an unfunded loan commitment (See Note 5).

Abbreviations: <br> 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 Inc, 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 June 30, 2025, 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 <br>in Active <br>Markets for<br> Identical Assets <br>(Level 1)** | **Other<br> Significant<br> Observable<br> Inputs <br>(Level 2)** | **Significant<br> Unobservable <br>Inputs <br>(Level 3)** |
| **Oakmark** |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks | $22843610 | $0 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| &nbsp;&nbsp;&nbsp;Short-Term Investments | 0 | 1438494 | 0 |
| &nbsp;&nbsp;&nbsp;Put Options Written - Liabilities | (3366) | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | $22840244 | $1438494 | $0 |
| **Select** |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks | $6945585 | $0 | $0 |
| &nbsp;&nbsp;&nbsp;Short-Term Investments | 0 | 352568 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | $6945585 | $352568 | $0 |
| **Global** |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks | $1080069 | $0 | $0 |
| &nbsp;&nbsp;&nbsp;Short-Term Investments | 0 | 20069 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | $1080069 | $20069 | $0 |
| **Global Select** |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks | $984810 | $0 | $0 |
| &nbsp;&nbsp;&nbsp;Short-Term Investments | 0 | 32134 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | $984810 | $32134 | $0 |
| **International** |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks | $13598826 | $0 | $0 |
| &nbsp;&nbsp;&nbsp;Preferred Stocks | 252432 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;Short-Term Investments | 0 | 419230 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | $13851258 | $419230 | $0 |
| **Int'l Small Cap** |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks | $1314346 | $0 | $0 |
| &nbsp;&nbsp;&nbsp;Preferred Stocks | 10263 | 0 | 0 |
| &nbsp;&nbsp;&nbsp;Short-Term Investments | 0 | 38310 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | $1324609 | $38310 | $0 |
| **Equity and Income** |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks | $3689825 | $0 | $0 |
| &nbsp;&nbsp;&nbsp;Corporate Bonds | 0 | 1135258 | 0 |
| &nbsp;&nbsp;&nbsp;Mortgage-Backed Securities | 0 | 456182 | 0 |
| &nbsp;&nbsp;&nbsp;Government and Agency Securities | 0 | 242272 | 0 |
| &nbsp;&nbsp;&nbsp;Bank Loans | 0 | 151195 | 0 |
| &nbsp;&nbsp;&nbsp;Collateralized Mortgage Obligations | 0 | 298098 | 0 |
| &nbsp;&nbsp;&nbsp;Asset Backed Securities | 0 | 150923 | 0 |
| &nbsp;&nbsp;&nbsp;Short-Term Investments | 0 | 124312 | 0 |
| &nbsp;&nbsp;&nbsp;Call Options Written - Liabilities | (1383) | 0 | 0 |
| &nbsp;&nbsp;&nbsp;Put Options Written - Liabilities | (2220) | 0 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | $3686222 | $2558240 | $0 |

---

---

| | | | |
|:---|:---|:---|:---|
| **(in thousands)** | **Quoted Prices <br>in Active <br>Markets for<br> Identical Assets <br>(Level 1)** | **Other<br> Significant<br> Observable<br> Inputs <br>(Level 2)** | **Significant<br> Unobservable <br>Inputs <br>(Level 3)** |
| **Bond** |  |  |  |
| &nbsp;&nbsp;&nbsp;Corporate Bonds | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 | $93801 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| &nbsp;&nbsp;&nbsp;Mortgage-Backed Securities | 0 | 28366 | 0 |
| &nbsp;&nbsp;&nbsp;Government and Agency Securities | 0 | 17820 | 0 |
| &nbsp;&nbsp;&nbsp;Collateralized Mortgage Obligations | 0 | 26245 | 0 |
| &nbsp;&nbsp;&nbsp;Bank Loans | 0 | 13995 | 0 |
| &nbsp;&nbsp;&nbsp;Asset Backed Securities | 0 | 16190 | 0 |
| &nbsp;&nbsp;&nbsp;Short-Term Investments | 0 | 6989 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | $0 | $203406 | $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 June 30, 2025, none of the Funds engaged in 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. At June 30, 2025, 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. 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 June 30, 2025, 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. At June 30, 2025, 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, Select, Global, and Equity and Income used purchased options for tax management and as an investment strategy in an effort to increase the Funds' returns during the period ended June 30, 2025. At June 30, 2025, there were no purchased options outstanding.

Oakmark, Select, Global, and Equity and Income used options written for tax management and as an investment strategy in an effort to increase the Funds' returns during the period ended June 30, 2025. Written options outstanding, if any, are listed on each Fund's Schedule of Investments.

---

| | | |
|:---|:---|:---|
| <br>**Fund** | **Equity**<br>**Options**<br>**Purchased** | **Equity**<br>**Options**<br>**Written** |
| Oakmark | $210128 | $(237500) |
| Select | 38875 | (41375) |
| Global | 1021 | (570) |
| Equity and Income | 4276 | (9858) |

---

**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 June 30, 2025, 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 June 30, 2025, 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 June 30, 2025. 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. RESTRICTED SECURITIES**

Equity-linked securities are designed to provide synthetic exposure to one or more underlying securities. An investment in an equity-linked security typically entitles the holder to a return equal to the market return of the underlying security or securities. There is no off-balance sheet risk associated with the equity-linked securities that the Funds purchase and, in those cases, the Fund's potential loss is limited to the purchase price of the securities. The Funds are exposed to credit risk associated with the counterparty to the transaction.

**5. UNFUNDED LOAN COMMITMENTS**

The Fund enters into certain agreements, all or a portion of which may be unfunded. The Fund is obligated to fund these loan commitments at the borrowers' discretion. Funded and unfunded portions of credit agreements are presented in the Schedule of Investments. As of June 30, 2025, unfunded commitments were as follows:

---

| | | | |
|:---|:---|:---|:---|
| **Borrower** | **Maturity** | **Rate** | **Unfunded<br> commitment <br> (in thousands)** |
| **Oakmark Equity and Income Fund** |  |  |  |
| Clydesdale Acquisition Holdings, Inc. 2025 Delayed Draw Term Loan | 04/01/32 | 1.625% | $83 |
| **Oakmark Bond Fund** |  |  |  |
| Clydesdale Acquisition Holdings, Inc. 2025 Delayed Draw Term Loan | 04/01/32 | 1.625% | $25 |

---

**6. 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.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** HARRIS ASSOCIATES INVESTMENT TRUST

- **b. Investment Company Act file number:** 811-06279

- **c. CIK number of Registrant:** 0000872323

- **d. LEI of Registrant:** 54930037R1JTV3ZYFY28

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** HARRIS ASSOCIATES LP

  - **City:** CHICAGO

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60606

  - **Telephone number:** 312-646-3600

**Item A.2. Information about the Series.**

- **a. Name of Series:** Oakmark Select Fund

- **b. EDGAR series identifier (if any):** S000002759

- **c. LEI of Series:** 549300UOE1YY4OO8B704

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $7304451418.57

**Total Liabilities:** $4045858.90

**Net Assets:** $7300405559.67

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000225885 | -3.85%               | 4.30%                | 3.96%                |
| Class ID C000007556 | -3.89%               | 4.28%                | 3.94%                |
| Class ID C000174797 | -3.87%               | 4.30%                | 3.94%                |
| Class ID C000174798 | -3.87%               | 4.31%                | 3.94%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3511347.82              | $-268548215.19                             |
| Month 2  | $-113120202.12           | $398010794.78                              |
| Month 3  | $169327851.88            | $75350445.24                               |

### Schedule of Portfolio Investments

| Name                                         | Title                                        | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Charles River Laboratories International Inc | Charles River Laboratories International Inc | CUSIP: 159864107<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | EC               | CORP              | US        |    678000 | NS      | $102872940.00 | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                               | Salesforce Inc                               | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |    956000 | NS      | $260691640.00 | 3.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Bros Discovery Inc                    | Warner Bros Discovery Inc                    | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |  23575000 | NS      | $270169500.00 | 3.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Broadband Corp                       | Liberty Broadband Corp                       | CUSIP: 530307305<br>LEI: 549300MIX43II8JLN536 | Long             | EC               | CORP              | US        |   1211000 | NS      | $119138180.00 | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Lithia Motors Inc                            | Lithia Motors Inc                            | CUSIP: 536797103<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | EC               | CORP              | US        |   1309100 | NS      | $442240162.00 | 6.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Paycom Software Inc                          | Paycom Software Inc                          | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |   1033700 | NS      | $239198180.00 | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corp                                 | Centene Corp                                 | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |   2612104 | NS      | $141785005.12 | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                 | Alphabet Inc                                 | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |   1988620 | NS      | $350454502.60 | 4.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                                  | Phillips 66                                  | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |   3187000 | NS      | $380209100.00 | 5.21%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE Group Inc                               | CBRE Group Inc                               | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |   2371352 | NS      | $332273842.24 | 4.55%             |  |  |  | No            |                  1 | On Loan: No      |
| IQVIA Holdings Inc                           | IQVIA Holdings Inc                           | CUSIP: 46266C105<br>LEI: 549300W3R20NM4KQPH86 | Long             | EC               | CORP              | US        |   2660000 | NS      | $419189400.00 | 5.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc                | Intercontinental Exchange Inc                | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |   1910853 | NS      | $350584199.91 | 4.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb Inc                                   | Airbnb Inc                                   | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |   3236900 | NS      | $428371346.00 | 5.87%             |  |  |  | No            |                  1 | On Loan: No      |
| First Citizens BancShares Inc/NC             | First Citizens BancShares Inc/NC             | CUSIP: 31946M103<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EC               | CORP              | US        |    244432 | NS      | $478223875.04 | 6.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Fixed Income Clearing Corp                   | FIXED INC CLEARING CORP.REPO                 | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        | 352567790 | PA      | $352567790.50 | 4.83%             |  |  |  | No            |                  2 | On Loan: No      |
| ICON PLC                                     | ICON PLC                                     | CUSIP: 000000000<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | IE        |    693000 | NS      | $100796850.00 | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| APA Corp                                     | APA Corp                                     | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |   8190800 | NS      | $149809732.00 | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co                                   | Deere & Co                                   | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |    525700 | NS      | $267313193.00 | 3.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The                      | Charles Schwab Corp/The                      | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |   3841240 | NS      | $350474737.60 | 4.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Molina Healthcare Inc                        | Molina Healthcare Inc                        | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Long             | EC               | CORP              | US        |    494336 | NS      | $147262694.40 | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Ally Financial Inc                           | Ally Financial Inc                           | CUSIP: 02005N100<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EC               | CORP              | US        |   6047800 | NS      | $235561810.00 | 3.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Equifax Inc                                  | Equifax Inc                                  | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |   1183000 | NS      | $306834710.00 | 4.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications Inc                   | Charter Communications Inc                   | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |    182500 | NS      | $74607825.00  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Keurig Dr Pepper Inc                         | Keurig Dr Pepper Inc                         | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |   9397598 | NS      | $310684589.88 | 4.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp                   | Capital One Financial Corp                   | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |   1808097 | NS      | $384690717.72 | 5.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                               | ConocoPhillips                               | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |   3366912 | NS      | $302146682.88 | 4.14%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-29

**Name of Applicant:** HARRIS ASSOCIATES INVESTMENT TRUST

**Signature:** Zachary Weber

**Name of Signer:** Zachary Weber

**Title:** Chief Financial Officer