UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number			811-06279
Harris Associates Investment Trust
(Exact name of registrant as specified in charter)
Two North LaSalle Street, Suite 500 Chicago, Illinois						60602-3790
(Address of principal executive offices)						(Zip code)
Kristi L. Rowsell					Paulita A. Pike
Harris Associates L.P.					K&L Gates LLP
Two North LaSalle Street, #500					Three First National Plaza, #3100
Chicago, Illinois 60602					Chicago, Illinois 60602
(Name and address of agent for service)
Registrant’s telephone number, including area code:				(312) 621-0600
Date of fiscal year end:	9/30/12
Date of reporting period:		6/30/12

Item 1. Schedule of Investments.

OAKMARK FUND

Schedule of Investments—June 30, 2012 (Unaudited)

Name	Shares Held	Value
Common Stocks—95.1%
Advertising—2.1%
Omnicom Group, Inc.	2,676,254	$	130,065,944
Aerospace & Defense—2.4%
Northrop Grumman Corp.	1,330,000	84,840,700
The Boeing Co.	798,000	59,291,400
		144,132,100
Air Freight & Logistics—2.3%
FedEx Corp.	1,555,000	142,453,550
Asset Management & Custody Banks—5.0%
State Street Corp.	2,490,000	111,153,600
Franklin Resources, Inc.	925,000	102,665,750
Bank of New York Mellon Corp.	4,159,630	91,303,878
		305,123,228
Auto Parts & Equipment—1.1%
Delphi Automotive PLC (a) (b)	2,700,000	68,850,000
Broadcasting—2.2%
Discovery Communications, Inc., Class C (a)	2,660,140	133,246,413
Cable & Satellite—4.3%
Comcast Corp., Class A	4,940,000	155,116,000
DIRECTV, Class A (a)	2,264,155	110,536,047
		265,652,047
Catalog Retail—1.9%
Liberty Interactive Corp., Class A (a)	6,405,000	113,944,950
Computer & Electronics Retail—1.6%
Best Buy Co., Inc.	4,740,000	99,350,400
Computer Hardware—4.0%
Apple, Inc. (a)	230,000	134,320,000
Dell, Inc. (a)	9,080,000	113,681,600
		248,001,600
Consumer Finance—2.7%
Capital One Financial Corp.	2,979,800	162,875,868
Data Processing & Outsourced Services—3.3%
MasterCard, Inc., Class A	299,000	128,602,890
Automatic Data Processing, Inc.	1,375,000	76,532,500
		205,135,390
Department Stores—1.3%
Kohl’s Corp.	1,741,900	79,239,031
Distillers & Vintners—1.3%
Diageo PLC (c)	759,900	78,322,893

Name	Shares Held	Value
Common Stocks—95.1% (cont.)
Diversified Banks—2.3%
Wells Fargo & Co.	4,165,000	$	139,277,600
Electronic Manufacturing Services—2.3%
TE Connectivity, Ltd. (b)	4,335,644	138,350,400
Health Care Equipment—5.0%
Medtronic, Inc.	3,670,000	142,139,100
Covidien PLC (b)	1,985,000	106,197,500
Baxter International, Inc.	1,103,000	58,624,450
		306,961,050
Home Improvement Retail—2.0%
The Home Depot, Inc.	2,356,500	124,870,935
Hypermarkets & Super Centers—1.6%
Wal-Mart Stores, Inc.	1,415,000	98,653,800
Industrial Conglomerates—1.9%
3M Co.	1,273,000	114,060,800
Industrial Machinery—3.8%
Illinois Tool Works, Inc.	2,385,000	126,142,650
Parker Hannifin Corp.	1,350,000	103,788,000
		229,930,650
Insurance Brokers—1.0%
Aon PLC (b)	1,300,000	60,814,000
Integrated Oil & Gas—3.9%
Exxon Mobil Corp.	1,545,000	132,205,650
Cenovus Energy, Inc. (b)	3,450,000	109,710,000
		241,915,650
Internet Software & Services—4.0%
eBay, Inc. (a)	3,500,000	147,035,000
Google, Inc., Class A (a)	170,000	98,611,900
		245,646,900
Investment Banking & Brokerage—1.6%
The Goldman Sachs Group, Inc.	1,050,000	100,653,000
Life & Health Insurance—1.7%
Aflac, Inc.	2,500,000	106,475,000
Motorcycle Manufacturers—0.8%
Harley-Davidson, Inc.	1,102,000	50,394,460
Movies & Entertainment—5.4%
Time Warner, Inc.	3,492,566	134,463,791
The Walt Disney Co.	2,056,300	99,730,550
Viacom, Inc., Class B	2,029,745	95,438,610
		329,632,951

Name	Shares Held/  Par Value		Value
Common Stocks—95.1% (cont.)
Multi-line Insurance—1.1%
American International Group, Inc. (a)	2,100,000		$	67,389,000
Oil & Gas Exploration & Production—1.3%
Devon Energy Corp.	1,400,000		81,186,000
Other Diversified Financial Services—4.4%
JPMorgan Chase & Co.	4,255,000		152,031,150
Bank of America Corp.	14,500,000		118,610,000
			270,641,150
Packaged Foods & Meats—2.5%
Unilever PLC (c)	3,530,000		119,066,900
H.J. Heinz Co.	650,000		35,347,000
			154,413,900
Pharmaceuticals—2.0%
Merck & Co., Inc.	2,886,535		120,512,837
Restaurants—1.0%
McDonald’s Corp.	699,000		61,882,470
Semiconductor Equipment—1.3%
Applied Materials, Inc.	7,160,000		82,053,600
Semiconductors—4.3%
Intel Corp.	5,045,000		134,449,250
Texas Instruments, Inc.	4,395,000		126,092,550
			260,541,800
Systems Software—4.4%
Oracle Corp.	5,000,000		148,500,000
Microsoft Corp.	3,970,000		121,442,300
			269,942,300
Total Common Stocks (Cost: $4,345,805,894)			$	5,832,593,667
Short Term Investment—4.7%
Repurchase Agreement—4.7%
Fixed Income Clearing Corp. Repurchase Agreement, 0.1% dated 6/29/2012 due 7/2/2012, repurchase price $289,872,758, collateralized by a Federal Home Loan Mortgage Corp. Bond, with a rate of 4.750%, with a maturity of 11/17/2015, and with a fair value plus accrued interest of $7,342,875, and by a Federal National Mortgage Association Bond, with a rate of 4.375%, with a maturity of 10/15/2015, and with a fair value plus accrued interest of $117,570,488, and by a United States Treasury Bond, with a rate of 4.500%, with a maturity of 11/15/2015, and with a fair value plus accrued interest of $170,758,950 (Cost: $289,870,342)	$	289,870,342	289,870,342
Total Short Term Investment (Cost: $289,870,342)			$	289,870,342

Total Investments (Cost: $4,635,676,236)—99.8%	6,122,464,009
Foreign Currencies (Cost: $633,680)—0.0%(d)	633,680
Other Assets In Excess of Liabilities—0.2%	9,786,584
Total Net Assets—100%	$	6,132,884,273

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

OAKMARK SELECT FUND

Schedule of Investments—June 30, 2012 (Unaudited)

Name	Shares Held	Value
Common Stocks—96.0%
Air Freight & Logistics—4.5%
FedEx Corp.	1,450,000	$	132,834,500
Auto Parts & Equipment—4.0%
TRW Automotive Holdings Corp. (a)	3,200,000	117,632,000
Broadcasting—8.4%
Discovery Communications, Inc., Class C (a)	4,909,500	245,916,855
Cable & Satellite—9.3%
Comcast Corp., Class A	4,750,000	149,150,000
DIRECTV, Class A (a)	2,547,949	124,390,870
		273,540,870
Catalog Retail—5.4%
Liberty Interactive Corp., Class A (a)	9,000,000	160,110,000
Computer Hardware—3.8%
Dell, Inc. (a)	9,013,000	112,842,760
Consumer Finance—5.7%
Capital One Financial Corp.	3,050,000	166,713,000
Data Processing & Outsourced Services—4.6%
MasterCard, Inc., Class A	315,000	135,484,650
Electronic Manufacturing Services—5.5%
TE Connectivity, Ltd. (b)	5,043,938	160,952,062
Health Care Equipment—4.5%
Medtronic, Inc.	3,400,000	131,682,000
Independent Power Producers & Energy Traders—3.5%
Calpine Corp. (a)	6,254,404	103,260,210
Integrated Oil & Gas—4.0%
Cenovus Energy, Inc. (b)	3,734,800	118,766,640
Internet Software & Services—5.0%
eBay, Inc. (a)	3,500,000	147,035,000
Movies & Entertainment—4.7%
Time Warner, Inc.	3,560,666	137,085,641
Oil & Gas Exploration & Production—5.1%
Newfield Exploration Co. (a)	5,119,534	150,053,542
Other Diversified Financial Services—4.9%
JPMorgan Chase & Co.	4,000,000	142,920,000
Semiconductors—8.7%
Intel Corp.	5,297,000	141,165,050
Texas Instruments, Inc.	4,050,000	116,194,500
		257,359,550
Systems Software—4.4%
BMC Software, Inc. (a)	3,000,000	128,040,000

Name	Description	Par Value		Value
Common Stocks—96.0% (cont.)
Total Common Stocks (Cost: $1,975,522,517)				$	2,822,229,280
Short Term Investment—3.9%
Repurchase Agreement—3.9%
Fixed Income Clearing Corp. Repurchase Agreement, 0.1% dated 6/29/2012 due 7/2/2012, repurchase price $114,380,136 collateralized by Federal National Mortgage Association Bonds, with rates from 2.000% - 4.375%, with maturities from 8/18/2015 - 10/15/2015, and with an aggregate fair value plus accrued interest of $116,668,813 (Cost: $114,379,183)		$	114,379,183	$	114,379,183
Total Short Term Investment (Cost: $114,379,183)				$	114,379,183
Total Investments (Cost: $2,089,901,700)—99.9%				2,936,608,463
Foreign Currencies (Cost: $685,991)—0.0%(c)				685,991
Other Assets In Excess of Liabilities—0.1%				2,049,560
Total Net Assets—100%				$	2,939,344,014

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

OAKMARK EQUITY AND INCOME FUND

Schedule of Investments—June 30, 2012 (Unaudited)

Name	Shares Held	Value
Common Stocks—70.1%
Aerospace & Defense—4.7%
General Dynamics Corp.	8,335,000	$	549,776,600
Northrop Grumman Corp.	4,312,500	275,094,375
Teledyne Technologies, Inc. (a)	1,097,314	67,649,408
		892,520,383
Air Freight & Logistics—1.1%
FedEx Corp.	2,210,000	202,458,100
Apparel Retail—2.2%
The TJX Cos., Inc.	7,628,800	327,504,384
Foot Locker, Inc.	3,000,000	91,740,000
		419,244,384
Apparel, Accessories & Luxury Goods—0.6%
Carter’s, Inc. (a)	2,324,000	122,242,400
Auto Parts & Equipment—0.9%
Lear Corp.	4,637,454	174,971,139
Broadcasting—2.0%
Scripps Networks Interactive, Inc., Class A	6,500,000	369,590,000
Catalog Retail—0.2%
HSN, Inc.	1,036,796	41,834,719
Communications Equipment—0.4%
Arris Group, Inc. (a)	4,785,400	66,564,914
Data Processing & Outsourced Services—3.0%
MasterCard, Inc., Class A	959,358	412,629,469
Broadridge Financial Solutions, Inc. (b)	6,900,000	146,763,000
		559,392,469
Distillers & Vintners—3.0%
Diageo PLC (c)	5,559,100	572,976,437
Diversified Metals & Mining—0.9%
Walter Energy, Inc. (b)	4,038,200	178,326,912
Drug Retail—1.5%
CVS Caremark Corp.	6,000,000	280,380,000
Electrical Components & Equipment—1.7%
Rockwell Automation Inc.	4,842,401	319,889,010
Electronic Manufacturing Services—1.1%
TE Connectivity, Ltd. (d)	6,397,500	204,144,225
Environmental & Facilities Services—1.0%
Republic Services, Inc.	7,174,500	189,837,270
Health Care Distributors—0.1%
PharMerica Corp. (a) (b)	1,710,000	18,673,200

Name	Shares Held	Value
Common Stocks—70.1% (cont.)
Health Care Equipment—4.6%
Varian Medical Systems, Inc. (a) (b)	5,700,000	$	346,389,000
CR Bard, Inc.	2,777,241	298,386,773
Boston Scientific Corp. (a)	32,973,900	186,962,013
Steris Corp.	795,100	24,942,287
		856,680,073
Health Care Facilities—0.3%
VCA Antech, Inc. (a)	2,708,466	59,532,083
Health Care Services—5.0%
Laboratory Corp. of America Holdings (a)	4,513,300	417,976,713
Quest Diagnostics, Inc.	5,912,000	354,128,800
Omnicare, Inc.	5,154,500	160,975,035
		933,080,548
Home Furnishings—1.5%
Mohawk Industries, Inc. (a)	2,203,001	153,835,560
Leggett & Platt, Inc.	5,861,738	123,858,524
		277,694,084
Industrial Machinery—6.7%
Dover Corp.	8,075,500	432,927,555
Flowserve Corp. (b)	3,639,184	417,596,364
Parker Hannifin Corp.	3,289,185	252,872,543
Illinois Tool Works, Inc.	2,813,600	148,811,304
Blount International, Inc. (a)	600,000	8,790,000
		1,260,997,766
Integrated Oil & Gas—3.0%
Cenovus Energy, Inc. (d)	17,749,100	564,421,380
Internet Software & Services—0.8%
eBay, Inc. (a)	3,730,513	156,718,851
Investment Banking & Brokerage—0.5%
TD Ameritrade Holding Corp.	5,460,500	92,828,500
Managed Health Care—3.4%
UnitedHealth Group, Inc.	11,033,500	645,459,750
Office Services & Supplies—0.0%(e)
Mine Safety Appliances Co.	118,863	4,783,047
Oil & Gas Drilling—0.6%
Patterson-UTI Energy, Inc.	7,489,201	109,042,766
Oil & Gas Equipment & Services—1.2%
Baker Hughes, Inc.	5,324,500	218,836,950
Oil & Gas Exploration & Production—8.1%
Apache Corp.	4,450,000	391,110,500
Encana Corp. (d)	16,572,600	345,207,258

Name	Shares Held/  Par Value		Value
Common Stocks—70.1% (cont.)
Oil & Gas Exploration & Production—8.1% (cont.)
Cimarex Energy Co.	4,165,500		$	229,602,360
Devon Energy Corp.	3,920,500		227,349,795
Range Resources Corp.	3,296,000		203,923,520
Concho Resources, Inc. (a)	1,501,200		127,782,144
			1,524,975,577
Packaged Foods & Meats—3.3%
Nestle SA (c) (f)	10,390,500		619,065,990
Pharmaceuticals—1.1%
Hospira, Inc. (a) (b)	5,715,500		199,928,190
Semiconductors—1.7%
Texas Instruments, Inc.	10,973,507		314,829,916
Specialty Stores—0.9%
Staples, Inc.	12,599,000		164,416,950
Tobacco—3.0%
Philip Morris International, Inc.	6,506,000		567,713,560
Total Equities (Cost: $10,334,710,569)			$	13,184,051,543
Fixed Income—22.4%
Asset Backed Securities—0.1%
Specialty Stores—0.1%
Cabela’s Master Credit Card Trust, 144A, 0.792%, due 10/15/2019, Series 2011-4A, Class A2 (g) (h)	$	11,450,000	11,484,151
Corporate Bonds—1.1%
Casinos & Gaming—0.1%
Penn National Gaming, Inc., 8.75%, due 8/15/2019	10,000,000		11,075,000
Ameristar Casinos, Inc., 7.50%, due 4/15/2021	2,000,000		2,140,000
			13,215,000
Catalog Retail—0.0%(e)
HSN, Inc., 11.25%, due 8/1/2016	880,000		935,009
Health Care Equipment—0.3%
Kinetic Concepts, Inc., 144A, 10.50%, due 11/1/2018 (h)	48,080,000		50,484,000
Kinetic Concepts, Inc., 144A, 12.50%, due 11/1/2019 (h)	14,400,000		13,032,000
			63,516,000
Movies & Entertainment—0.0%(e)
Ticketmaster Entertainment LLC, 10.75%, due 8/1/2016	5,000,000		5,300,000
Oil & Gas Exploration & Production—0.2%
Denbury Resources, Inc., 9.75%, due 3/1/2016	18,101,000		19,888,474
Concho Resources, Inc., 5.50%, due 10/1/2022	7,000,000		6,930,000

Name	Par Value			Value
Fixed Income—22.4% (cont.)
Corporate Bonds—1.1% (cont.)
Oil & Gas Exploration & Production—0.2% (cont.)
Encore Acquisition Co., 9.50%, due 5/1/2016	$	2,550,000		$	2,785,875
				29,604,349
Other Diversified Financial Services—0.3%
SSIF Nevada, LP, 144A, 1.167%, due 4/14/2014 (g) (h)	55,100,000			54,730,610
Packaged Foods & Meats—0.0%(e)
Post Holdings, Inc., 144A, 7.375%, due 2/15/2022 (h)	1,000,000			1,055,000
Paper Packaging—0.1%
Sealed Air Corp., 144A, 5.625%, due 7/15/2013 (h)	18,740,000			19,349,050
Property & Casualty Insurance—0.0%(e)
OneBeacon US Holdings, Inc., 5.875%, due 5/15/2013	3,589,000			3,691,462
Semiconductor Equipment—0.1%
ASML Holding NV, 5.75%, due 6/13/2017	EUR		9,660,000	13,755,257
Total Corporate Bonds (Cost: $197,811,415)				$	205,151,737
Government and Agency Securities—21.2%
Canadian Government Bonds—0.8%
Canadian Government Bond, 1.50%, due 12/1/2012	CAD		100,000,000	98,415,677
Canadian Government Bond, 4.25%, due 12/1/2021, Inflation Indexed	CAD		36,768,000	51,160,644
				149,576,321
Norwegian Government Bonds—0.1%
Norwegian Government Bond, 6.50%, due 5/15/2013	NOK		150,000,000	26,282,434
U.S. Government Agencies—0.3%
Federal National Mortgage Association, 3.97%, due 11/27/2019	$	32,000,000		32,411,360
Federal National Mortgage Association, 1.07%, due 9/21/2015	25,000,000			25,039,050
				57,450,410
U.S. Government Notes—20.0%
United States Treasury Note, 1.25%, due 7/15/2020, Inflation Indexed	527,460,000			612,430,641
United States Treasury Note, 1.375%, due 7/15/2018, Inflation Indexed	533,440,000			608,996,975
United States Treasury Note, 2.875%, due 1/31/2013	483,005,000			490,533,116
United States Treasury Note, 0.125%, due 9/30/2013	300,000,000			299,425,800
United States Treasury Note, 2.125%, due 1/15/2019, Inflation Indexed	214,310,000			256,418,486
United States Treasury Note, 1.00%, due 9/30/2016	200,000,000			203,109,400
United States Treasury Note, 0.625%, due 2/28/2013	200,000,000			200,578,200
United States Treasury Note, 0.125%, due 8/31/2013	200,000,000			199,664,000
United States Treasury Note, 1.125%, due 6/15/2013	175,000,000			176,449,175
United States Treasury Note, 1.00%, due 1/15/2014	100,000,000			101,050,800

Name	Par Value			Value
Fixed Income—22.4% (cont.)
Government and Agency Securities—21.2% (cont.)
U.S. Government Notes—20.0% (cont.)
United States Treasury Note, 1.375%, due 11/15/2012	$	100,000,000		$	100,445,300
United States Treasury Note, 1.125%, due 12/15/2012	100,000,000			100,425,800
United States Treasury Note, 1.375%, due 10/15/2012	100,000,000			100,351,600
United States Treasury Note, 1.375%, due 9/15/2012	100,000,000			100,253,900
United States Treasury Note, 1.50%, due 7/15/2012	100,000,000			100,046,900
United States Treasury Note, 0.375%, due 8/31/2012	100,000,000			100,043,000
				3,750,223,093
Total Government and Agency Securities (Cost: $3,783,172,804)				$	3,983,532,258
Total Fixed Income (Cost: $3,992,434,219)				$	4,200,168,146
Short Term Investments—6.4%
Canadian Treasury Bills—3.1%
Canadian Treasury Bills, 0.80% - 1.18%, due 7/5/2012 - 11/22/2012 (i) (Cost: $599,153,886)	CAD		600,000,000	$	588,230,036
Commercial Paper—0.8%
Wellpoint, Inc., 144A, 0.23% - 0.32%, due 7/16/2012 - 8/13/2012 (h) (i)	55,000,000			54,986,897
Kellogg Co., 144A, 0.18% - 0.20%, due 7/5/2012 - 7/6/2012 (h) (i)	$	43,000,000		42,998,883
Toyota Motor Credit Corp., 0.13% - 0.15%, due 7/18/2012 - 7/25/2012 (i)	30,090,000			30,087,188
John Deere Capital Co., 144A, 0.15%, due 7/12/2012 (h) (i)	25,000,000			24,998,854
Total Commercial Paper (Cost: $153,072,328)				153,071,822
Repurchase Agreement—2.5%
Fixed Income Clearing Corp. Repurchase Agreement, 0.1% dated 6/29/2012 due 7/2/2012, repurchase price $480,444,768, collateralized by Federal Home Loan Bank Bonds, with rates from 0.220% - 0.350%, with maturities from 7/17/2013 - 8/8/2013, and with an aggregate fair value plus accrued interest of $226,684,860, and by a Federal Home Loan Bank Discount Note, with a rate of 0.000%, with a maturity of 6/27/2013, and with a fair value plus accrued interest of $49,937,500, and by a Federal Home Loan Mortgage Corp. Bond, with a rate of 4.500%, with a maturity of 7/15/2013, and with a fair value plus accrued interest of $67,016,250, and by a United States Treasury Bill, with a rate of 0.000%, with a maturity of 6/27/2013 and with a fair value plus accrued interest of $146,411,590 (Cost: $480,440,765)	$	480,440,764		480,440,765
Total Short Term Investments (Cost: $1,232,666,979)				$	1,221,742,623
Total Investments (Cost: $15,559,811,767)—98.9%				18,605,962,312
Foreign Currencies (Cost: $27,446,020)—0.2%				28,059,285

Other Assets In Excess of Liabilities—0.9%	171,091,463
Total Net Assets—100%	$	18,805,113,060

(a)	Non-income producing security
(b)	See Note 2 in the Notes to Schedules of Investments regarding investments in affiliated issuers.
(c)	Sponsored American Depositary Receipt
(d)	Foreign domiciled corporation
(e)	Amount rounds to less than 0.1%.
(f)	Fair value is determined in good faith in accordance with procedures established by the Board of Trustees.
(g)	Floating Rate Note. Rate shown is as of June 30, 2012.
(h)	Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities may be resold only in transactions exempt from registration, normally to qualified institutional buyers.
(i)	The rate shown represents the annualized yield at the time of purchase; not a coupon rate.
Key to abbreviations:
CAD: Canadian Dollar
EUR: Euro
NOK: Norwegian Krone

OAKMARK GLOBAL FUND

Global Diversification —June 30, 2012 (Unaudited)

			% of Equity Investments
United States 50.0%
		United States	50.0	%
Europe 26.2%
		Switzerland	14.2	%
	*	Germany	5.3	%
	*	Spain	2.4	%
		United Kingdom	1.8	%
	*	Italy	1.1	%
	*	Netherlands	0.8	%
		Sweden	0.6	%
Asia 22.2%
		Japan	22.2	%
Australasia 1.6%
		Australia	1.6	%

*Euro currency countries comprise 9.6% of equity investments.

OAKMARK GLOBAL FUND

Schedule of Investments—June 30, 2012 (Unaudited)

Name	Description	Shares Held	Value
Common Stocks—98.2%
Air Freight & Logistics—3.3%
FedEx Corp. (United States)	Package & Freight Delivery Services	754,600	$	69,128,906
Asset Management & Custody Banks—3.4%
Julius Baer Group, Ltd. (Switzerland)	Asset Management	1,988,200	71,764,981
Automobile Manufacturers—6.2%
Toyota Motor Corp. (Japan)	Automobile Manufacturer	1,944,800	77,611,960
Daimler AG (Germany)	Automobile Manufacturer	1,204,900	53,894,055
			131,506,015
Broadcasting—3.5%
Discovery Communications, Inc., Class C (United States) (a)	Media Management & Network Services	1,454,251	72,843,433
Building Products—0.6%
Assa Abloy AB, Class B (Sweden)	Develops, Designs & Manufactures Security Locks	481,600	13,409,011
Construction & Farm Machinery & Heavy Trucks—1.1%
Fiat Industrial SPA (Italy)	Branded Truck & Tractor Manufacturer	2,324,100	22,764,475
Data Processing & Outsourced Services—4.2%
MasterCard, Inc., Class A (United States)	Transaction Processing Services	208,700	89,763,957
Distillers & Vintners—1.3%
Diageo PLC (United Kingdom)	Beverages, Wines & Spirits Manufacturer	1,066,400	27,423,757
Diversified Banks—2.4%
Banco Santander SA (Spain)	Retail, Commercial & Private Banking & Asset Management Services	7,659,891	50,610,212
Diversified Capital Markets—2.8%
Credit Suisse Group (Switzerland)	Wealth Management & Investment Banking	3,295,280	59,923,650
Diversified Chemicals—0.8%
Akzo Nobel NV (Netherlands)	Produces & Markets Chemicals, Coatings & Paints	347,000	16,265,309
Electronic Components—4.9%
Hirose Electric Co., Ltd. (Japan)	Develops & Sells Electronic Equipment	678,000	66,498,030
OMRON Corp. (Japan)	Component, Equipment & System Manufacturer	1,789,600	37,388,278
			103,886,308

Name	Description	Shares Held	Value
Common Stocks—98.2% (cont.)
Electronic Manufacturing Services—2.7%
TE Connectivity, Ltd. (Switzerland)	Electronic Equipment, Instruments & Components	1,785,200	$	56,965,732
Fertilizers & Agricultural Chemicals—1.6%
Incitec Pivot, Ltd. (Australia)	Fertilizer Manufacturer & Supplier	11,538,500	33,657,501
Health Care Facilities—2.0%
Tenet Healthcare Corp. (United States) (a)	Hospitals & Health Care Facilities	8,044,700	42,154,228
Health Care Services—4.1%
Laboratory Corp. of America Holdings (United States) (a)	Medical Laboratory & Testing Services	946,000	87,609,060
Home Entertainment Software—3.4%
Square Enix Holdings Co., Ltd. (Japan)	Develops & Sells Entertainment Software for Video Game Consoles	4,562,600	71,291,517
Human Resource & Employment Services—2.8%
Adecco SA (Switzerland)	Temporary Employment Services	1,348,400	59,666,860
Industrial Conglomerates—3.1%
Rheinmetall AG (Germany)	Automotive Pump Manufacturer	1,140,300	55,845,986
Smiths Group PLC (United Kingdom)	Global Technology Company	627,700	9,978,192
			65,824,178
Industrial Machinery—4.5%
Snap-on, Inc. (United States)	Tool & Equipment Manufacturer	1,540,700	95,908,575
Investment Banking & Brokerage—3.9%
Daiwa Securities Group, Inc. (Japan)	Stock Broker	22,141,000	82,265,303
Managed Health Care—1.4%
Health Net, Inc. (United States) (a)	Health Care Benefit Manager	1,190,200	28,886,154
Marine—0.9%
Kuehne + Nagel International AG (Switzerland)	Sea, Land & Rail Freight Transportation Businesses	178,200	18,812,243
Movies & Entertainment—2.2%
Live Nation Entertainment, Inc. (United States) (a)	Live Events Producer, Operator, & Promoter	4,947,198	45,415,278
Office Electronics—2.5%
Canon, Inc. (Japan)	Computers & Information	1,332,900	52,775,737
Oil & Gas Exploration & Production—3.1%
Apache Corp. (United States)	Oil & Natural Gas Exploration & Production	506,100	44,481,129
Cimarex Energy Co. (United States)	Oil & Natural Gas Exploration & Production	366,271	20,188,857
			64,669,986

Name	Description	Shares Held/  Par Value		Value
Common Stocks—98.2% (cont.)
Packaged Foods & Meats—1.3%
Nestle SA (Switzerland)	Food & Beverage Manufacturer	467,300		$	27,841,558
Railroads—2.3%
Union Pacific Corp. (United States)	Rail Transportation Provider	408,100		48,690,411
Research & Consulting Services—3.6%
Equifax, Inc. (United States)	Information Management, Transaction Processing, Direct Marketing & Customer Relationship Management	1,626,900		75,813,540
Semiconductor Equipment—1.9%
Applied Materials, Inc. (United States)	Develops, Manufactures, Markets & Services Semiconductor Wafer Fabrication Equipment	3,580,100		41,027,946
Semiconductors—8.0%
Intel Corp. (United States)	Computer Component Manufacturer & Designer	2,558,200		68,176,030
Texas Instruments, Inc. (United States)	Designs & Supplies Digital Signal Processing, Analog Technologies & Microcontroller Semiconductors	2,135,900		61,278,971
ROHM Co., Ltd. (Japan)	Integrated Circuits & Semiconductor Devices Manufacturer	1,066,900		40,641,903
				170,096,904
Specialty Chemicals—3.6%
International Flavors & Fragrances, Inc. (United States)	Manufactures Flavors & Fragrance Products	809,300		44,349,640
Kansai Paint Co., Ltd. (Japan)	Manufactures & Sells a Wide Range of Paints & Related Products	3,042,300		32,388,782
				76,738,422
Systems Software—4.8%
Oracle Corp. (United States)	Software Services	3,449,300		102,444,210
Total Common Stocks (Cost: $1,975,253,825)				$	2,077,845,357
Short Term Investment—1.0%
Repurchase Agreement—1.0%
Fixed Income Clearing Corp. Repurchase Agreement, 0.1% dated 6/29/2012 due 7/2/2012, repurchase price $20,311,001, collateralized by a Federal National Mortgage Association Bond, with a rate of 4.375%, with a maturity of 10/15/2015, and with a fair value plus accrued interest of $20,719,088 (Cost: $20,310,832)		$	20,310,832	20,310,832
Total Short Term Investment (Cost: $20,310,832)				$	20,310,832

Total Investments (Cost: $1,995,564,657)—99.2%	2,098,156,189
Foreign Currencies (Cost: $1,025,064)—0.0%(b)	1,020,630
Other Assets In Excess of Liabilities—0.8%	16,223,081
Total Net Assets—100%	$	2,115,399,900

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

OAKMARK GLOBAL SELECT FUND

Global Diversification —June 30, 2012 (Unaudited)

			% of Equity Investments
United States 46.4%
		United States	46.4	%
Europe 32.8%
		Switzerland	19.0	%
	*	Germany	9.6	%
		United Kingdom	4.2	%
Asia 16.1%
		Japan	16.1	%
North America 4.7%
		Canada	4.7	%

*Euro currency countries comprise 9.6% of equity investments.

OAKMARK GLOBAL SELECT FUND

Schedule of Investments—June 30, 2012 (Unaudited)

Name	Description	Shares Held	Value
Common Stocks—94.8%
Air Freight & Logistics—5.0%
FedEx Corp. (United States)	Package & Freight Delivery Services	290,000	$	26,566,900
Application Software—3.8%
SAP AG (Germany)	Develops Business Software	343,600	20,238,954
Automobile Manufacturers—10.6%
Daimler AG (Germany)	Automobile Manufacturer	640,200	28,635,550
Toyota Motor Corp. (Japan)	Automobile Manufacturer	699,100	27,899,281
			56,534,831
Cable & Satellite—5.7%
Comcast Corp., Class A (United States)	Cable Communication Networks Provider	974,000	30,583,600
Catalog Retail—5.0%
Liberty Interactive Corp., Class A (United States) (a)	Home & Internet Shopping Online Travel	1,520,000	27,040,800
Computer Hardware—4.2%
Dell, Inc. (United States) (a)	Technology Products & Services	1,796,000	22,485,920
Consumer Finance—5.4%
Capital One Financial Corp. (United States)	Credit Card Products & Services Provider	530,000	28,969,800
Distillers & Vintners—4.0%
Diageo PLC (United Kingdom)	Beverages, Wines & Spirits Manufacturer	826,700	21,259,583
Diversified Capital Markets—4.9%
Credit Suisse Group (Switzerland)	Wealth Management & Investment Banking	1,443,200	26,244,147
Electronic Manufacturing Services—4.6%
TE Connectivity, Ltd. (Switzerland)	Electronic Equipment, Instruments & Components	773,900	24,695,149
Health Care Equipment—4.6%
Medtronic, Inc. (United States)	Develops Therapeutic & Diagnostic Medical Products	642,000	24,864,660
Human Resource & Employment Services—5.3%
Adecco SA (Switzerland)	Temporary Employment Services	645,900	28,581,152
Integrated Oil & Gas—4.5%
Cenovus Energy, Inc. (Canada)	Integrated Oil Company	760,000	24,168,000
Investment Banking & Brokerage—5.4%
Daiwa Securities Group, Inc. (Japan)	Stock Broker	7,753,000	28,806,418
Other Diversified Financial Services—5.0%
JPMorgan Chase & Co. (United States)	Global Financial Services & Retail Banking	755,000	26,976,150

Name	Description	Shares Held/  Par Value		Value
Common Stocks—94.8% (cont.)
Packaged Foods & Meats—3.2%
Nestle SA (Switzerland)	Food & Beverage Manufacturer	283,900		$	16,914,655
Semiconductors—13.6%
Intel Corp. (United States)	Computer Component Manufacturer & Designer	937,000		24,971,050
ROHM Co., Ltd. (Japan)	Integrated Circuits & Semiconductor Devices Manufacturer	653,500		24,894,070
Texas Instruments, Inc. (United States)	Designs & Supplies Digital Signal Processing, Analog Technologies & Microcontroller Semiconductors	810,000		23,238,900
				73,104,020
Total Common Stocks (Cost: $507,596,449)				$	508,034,739
Short Term Investment—3.8%
Repurchase Agreement—3.8%
Fixed Income Clearing Corp. Repurchase Agreement, 0.1% dated 6/29/2012 due 7/2/2012, repurchase price $20,676,769, collateralized by a Federal Home Loan Mortgage Corp. Bond, with a rate of 4.750%, with a maturity of 11/17/2015, and with a fair value plus accrued interest of $16,115,438, and by Federal National Mortgage Association Bonds, with rates from 0.750% - 5.000%, with maturities from 11/24/2015 - 3/15/2016, and with an aggregate fair value plus accrued interest of $4,977,714 (Cost: $20,676,597)		$	20,676,597	20,676,597
Total Short Term Investment (Cost: $20,676,597)				$	20,676,597
Total Investments (Cost: $528,273,046)—98.6%				528,711,336
Foreign Currencies (Cost: $341,746)—0.1%				340,916
Other Assets In Excess of Liabilities—1.3%				6,900,793
Total Net Assets—100%				$	535,953,045

(a) Non-income producing security

OAKMARK INTERNATIONAL FUND

Global Diversification —June 30, 2012 (Unaudited)

			% of Equity Investments
Europe 72.8%
		Switzerland	18.6	%
		United Kingdom	17.2	%
	*	Netherlands	8.6	%
	*	France	8.4	%
	*	Germany	8.0	%
	*	Italy	5.6	%
	*	Spain	2.6	%
	*	Ireland	2.0	%
		Sweden	1.7	%
Asia 21.1%
		Japan	21.1	%
Australasia 3.7%
		Australia	3.7	%
North America 2.0%
		Canada	2.0	%
Latin America 0.4%
		Mexico	0.4	%

*Euro currency countries comprise 35.2% of equity investments.

OAKMARK INTERNATIONAL FUND

Schedule of Investments—June 30, 2012 (Unaudited)

Name	Description	Shares Held	Value
Common Stocks—95.9%
Advertising—2.1%
Publicis Groupe SA (France) (b)	Advertising  & Media Services	3,926,300	$	179,122,699
Apparel, Accessories & Luxury Goods—1.7%
Cie Financiere Richemont SA (Switzerland)	Manufacturer & Retailer of Luxury Goods	2,550,200	139,311,879
Application Software—1.8%
SAP AG (Germany)	Develops Business Software	2,584,900	152,257,487
Asset Management & Custody Banks—2.4%
Schroders PLC (United Kingdom)	International Asset Management	9,666,600	202,261,798
Automobile Manufacturers—9.1%
Toyota Motor Corp. (Japan)	Automobile Manufacturer	7,039,300	280,920,335
Daimler AG (Germany)	Automobile Manufacturer	6,146,200	274,913,806
Honda Motor Co., Ltd. (Japan)	Automobile & Motorcycle Manufacturer	6,136,500	211,036,949
			766,871,090
Brewers—1.6%
Heineken Holdings NV (Netherlands)	Produces Beers, Spirits, Wines & Soft Drinks	3,038,600	135,817,616
Broadcasting—0.3%
Grupo Televisa SAB (Mexico) (c)	Television Production & Broadcasting	1,305,052	28,032,517
Building Products—1.8%
Assa Abloy AB, Class B (Sweden)	Develops, Designs & Manufactures Security Locks	4,412,800	122,863,957
Geberit AG (Switzerland)	Building Products	136,700	26,889,206
			149,753,163
Commodity Chemicals—1.4%
Orica, Ltd. (Australia)	Produces Industrial & Specialty Chemicals	4,557,200	115,161,373
Construction & Farm Machinery & Heavy Trucks—2.3%
Fiat Industrial SPA (Italy)	Branded Truck & Tractor Manufacturer	19,395,100	189,974,303
Construction Materials—2.0%
Holcim, Ltd. (Switzerland)	Produces & Markets Ready-Mixed Concrete, Cement, Clinker & Admixtures	3,075,600	169,633,525
Department Stores—2.1%
PPR (France)	Retails Consumer & Household Products	1,227,500	174,369,180
Distillers & Vintners—1.7%
Diageo PLC (United Kingdom)	Beverages, Wines & Spirits Manufacturer	5,421,500	139,420,383

Name	Description	Shares Held	Value
Common Stocks—95.9% (cont.)
Diversified Banks—13.9%
BNP Paribas SA (France)	Commercial Bank	7,401,126	$	284,121,221
Lloyds Banking Group PLC (United Kingdom) (a)	Banking & Financial Services Provider	560,948,800	273,223,008
Intesa Sanpaolo SPA (Italy) (b)	Banking & Financial Services	183,404,600	259,485,983
Banco Santander SA (Spain)	Retail, Commercial & Private Banking & Asset Management Services	31,677,039	209,295,624
Bank of Ireland (Ireland) (a)	Commercial Bank	1,126,075,200	142,504,727
			1,168,630,563
Diversified Capital Markets—3.5%
Credit Suisse Group (Switzerland)	Wealth Management & Investment Banking	16,081,200	292,431,662
Diversified Chemicals—2.3%
Akzo Nobel NV (Netherlands)	Produces & Markets Chemicals, Coatings & Paints	4,115,478	192,909,288
Electronic Components—2.5%
OMRON Corp. (Japan)	Component, Equipment & System Manufacturer	9,968,600	208,263,739
Food Retail—2.8%
Tesco PLC (United Kingdom)	Food Retailer	29,160,500	141,599,056
Koninklijke Ahold NV (Netherlands)	Retails Health & Beauty Supplies, Prescriptions Drugs, Wine & Liquor	7,655,500	94,690,797
			236,289,853
Health Care Equipment—1.1%
Olympus Corp. (Japan) (a)	Optoelectronic Products Manufacturer	5,579,000	89,894,940
Human Resource & Employment Services—3.1%
Adecco SA (Switzerland)	Temporary Employment Services	5,860,000	259,305,695
Industrial Conglomerates—4.2%
Koninklijke (Royal) Philips Electronics NV (Netherlands)	Electronics Manufacturer	13,677,496	269,498,954
Smiths Group PLC (United Kingdom)	Global Technology Company	5,226,955	83,089,943
			352,588,897
Industrial Machinery—0.2%
Atlas Copco AB, Series B (Sweden)	International Industrial Equipment Manufacturer	849,300	16,132,826
Insurance Brokers—1.2%
Willis Group Holdings PLC (United Kingdom)	Professional Insurance, Reinsurance, Risk Management, Financial & Human Resource Consulting & Actuarial Services	2,761,109	100,752,867

Name	Description	Shares Held	Value
Common Stocks—95.9% (cont.)
Investment Banking & Brokerage—3.6%
Daiwa Securities Group, Inc. (Japan)	Stock Broker	82,007,000	$	304,698,555
Marine—2.4%
Kuehne + Nagel International AG (Switzerland)	Sea, Land & Rail Freight Transportation Businesses	1,919,500	202,638,045
Multi-line Insurance—2.6%
Allianz SE (Germany)	Insurance, Banking & Financial Services	2,184,500	218,698,251
Office Electronics—2.6%
Canon, Inc. (Japan)	Computers & Information	5,559,100	220,110,734
Packaged Foods & Meats—2.0%
Nestle SA (Switzerland)	Food & Beverage Manufacturer	2,094,400	124,783,564
Danone SA (France)	Food Products	645,100	40,014,549
			164,798,113
Paper Packaging—2.2%
Amcor, Ltd. (Australia)	Packaging & Related Services	25,654,900	186,167,650
Pharmaceuticals—2.0%
Novartis AG (Switzerland)	Pharmaceuticals	2,205,300	122,910,362
Roche Holding AG (Switzerland)	Develops & Manufactures Pharmaceutical & Diagnostic Products	166,300	28,664,258
GlaxoSmithKline PLC (United Kingdom)	Pharmaceuticals	882,600	20,001,663
			171,576,283
Publishing—2.7%
Thomson Reuters Corp. (Canada)	Electronic Information & Solutions Company	5,572,100	158,553,911
Reed Elsevier PLC (United Kingdom)	Publisher & Information Provider	8,639,200	69,207,446
			227,761,357
Research & Consulting Services—1.0%
Meitec Corp. (Japan) (d)	Software Engineering Services	2,845,800	59,952,801
Experian Group, Ltd. (Ireland)	Credit & Marketing Services	1,426,001	20,111,164
			80,063,965
Security & Alarm Services—3.1%
Secom Co., Ltd. (Japan)	On-Line Centralized Security Services, Home Security Systems, & Home Medical Services	2,947,300	134,395,553
G4S PLC (United Kingdom)	Security Services	28,853,300	126,121,458
			260,517,011

Name	Description	Shares Held/  Par Value		Value
Common Stocks—95.9% (cont.)
Semiconductors—2.3%
ROHM Co., Ltd. (Japan)	Integrated Circuits & Semiconductor Devices Manufacturer	5,132,700		$	195,522,256
Specialty Chemicals—1.6%
Givaudan SA (Switzerland)	Manufactures & Markets Fragrances	139,760		136,866,586
Specialty Stores—1.2%
Signet Jewelers, Ltd. (United Kingdom)	Jewelry Retailer	2,331,200		102,596,112
Trading Companies & Distributors—1.5%
Wolseley PLC (United Kingdom)	Distributes Building Materials & Lumber Products	3,498,000		130,221,485
Total Common Stocks (Cost: $8,433,069,846)				$	8,061,423,746
Short Term Investment—3.5%
Repurchase Agreement—3.5%
Fixed Income Clearing Corp. Repurchase Agreement, 0.1% dated 6/29/2012 due 7/2/2012, repurchase price $292,687,158, collateralized by a Federal National Mortgage Association Bond, with a rate of 2.000%, with a maturity of 8/18/2015, and with a fair value plus accrued interest of $36,322,063 and by a United States Treasury Bond with a rate of 4.250%, with a maturity of 8/15/2015, and with a fair value plus accrued interest of $262,219,239 (Cost: $292,684,719)		$	292,684,719	292,684,719
Total Short Term Investment (Cost: $292,684,719)				$	292,684,719
Total Investments (Cost: $8,725,754,565)—99.4%				8,354,108,465
Foreign Currencies (Cost: $1,581,005)—0.0%(e)				1,578,137
Other Assets In Excess of Liabilities—0.6%				46,503,767
Total Net Assets—100%				$	8,402,190,369

(a)	Non-income producing security
(b)	A portion of the security out on loan.
(c)	Sponsored American Depositary Receipt
(d)	See Note 2 in the Notes to Schedules of Investments regarding investments in affiliated issuers.
(e)	Amount rounds to less than 0.1%.

OAKMARK INTERNATIONAL SMALL CAP FUND

Global Diversification —June 30, 2012 (Unaudited)

			% of Equity Investments
Europe 54.4%
		United Kingdom	18.6	%
		Switzerland	12.6	%
	*	Italy	7.2	%
	*	Germany	6.0	%
		Norway	3.3	%
	*	France	2.9	%
	*	Greece	2.2	%
	*	Finland	0.8	%
	*	Netherlands	0.5	%
		Sweden	0.3	%
Asia 29.8%
		Japan	29.8	%
Australasia 12.2%
		Australia	10.9	%
		New Zealand	1.3	%
Middle East 1.8%
		Israel	1.8	%
United States 1.8%
		United States	1.8	%

*Euro currency countries comprise 19.6% of equity investments.

OAKMARK INTERNATIONAL SMALL CAP FUND

Schedule of Investments—June 30, 2012 (Unaudited)

Name	Description	Shares Held	Value
Common Stocks—95.3%
Advertising—1.4%
Asatsu-DK, Inc. (Japan)	Advertising Services Provider	719,200	$	20,064,002
Air Freight & Logistics—1.3%
Freightways, Ltd. (New Zealand)	Express Package Services	5,990,400	18,221,064
Airport Services—2.7%
BBA Aviation PLC (United Kingdom)	Flight Support & Aftermarket Services & Systems Provider	12,057,900	38,524,366
Asset Management & Custody Banks—8.0%
Julius Baer Group, Ltd. (Switzerland)	Asset Management	1,500,500	54,161,228
Azimut Holding SPA (Italy)	Investment Management Services	3,134,414	32,050,115
MLP AG (Germany)	Asset Management	4,620,830	29,437,104
			115,648,447
Auto Parts & Equipment—8.0%
Toyota Industries Corp. (Japan)	Assembles Motor Vehicles & Manufactures Automotive Parts	1,255,600	35,530,959
Takata Corp. (Japan)	Manufactures & Distributes Automobile Parts & Safety Equipment	1,369,200	29,461,738
Nifco, Inc. (Japan)	Manufactures Synthetic Resinous Fasteners & Plastic Components For Automobiles & Home Electronic Appliances	1,118,300	26,833,044
Autoliv, Inc. (United States)	Develops & Manufactures Automotive Safety Systems	442,200	24,170,652
			115,996,393
Building Products—1.8%
Kaba Holding AG (Switzerland)	Provides Mechanical & Electronic Security Systems	68,200	25,867,355
Construction & Farm Machinery & Heavy Trucks—1.2%
Bucher Industries AG (Switzerland)	Manufactures Food Processing Machinery, Vehicles, & Hydraulic Components	112,920	18,011,998
Construction Materials—1.9%
Titan Cement Co. SA (Greece) (a)	Cement & Building Materials Producer & Distributor	1,545,321	27,182,875
Data Processing & Outsourced Services—0.9%
TKC Corp. (Japan)	Accounting, Tax & Law Database Consulting Services	634,800	13,071,631
Department Stores—2.2%
Myer Holdings, Ltd. (Australia)	Department Store Operator	19,237,300	31,798,329

Name	Description	Shares Held	Value
Common Stocks—95.3% (cont.)
Distillers & Vintners—0.7%
Treasury Wine Estates, Ltd. (Australia)	International Marketing & Distribution of Wine	2,343,500	$	10,433,785
Diversified Support Services—2.4%
gategroup Holding AG (Switzerland) (a)	Airlines Service Provider	1,233,682	34,833,986
Drug Retail—2.7%
Sugi Holdings Co., Ltd. (Japan)	Drug Store Operator	1,171,000	38,278,889
Electrical Components & Equipment—2.2%
Prysmian SpA (Italy)	Develops, Designs, Produces, Supplies & Installs Cable	2,109,200	31,336,301
Electronic Components—3.4%
Hirose Electric Co., Ltd. (Japan)	Develops & Sells Electronic Equipment	502,500	49,285,044
Electronic Equipment & Instruments—1.8%
Orbotech, Ltd. (Israel) (a) (b)	Optical Inspection Systems	3,337,600	25,432,512
Fertilizers & Agricultural Chemicals—2.9%
Incitec Pivot, Ltd. (Australia)	Fertilizer Manufacturer & Supplier	14,193,200	41,401,191
Food Retail—0.2%
Lawson, Inc. (Japan)	Convenience Store Operator	43,100	3,008,670
Health Care Services—1.9%
Primary Health Care, Ltd. (Australia)	Health Care Service Provider	9,149,200	27,624,396
Home Entertainment Software—2.5%
Square Enix Holdings Co., Ltd. (Japan)	Develops & Sells Entertainment Software for Video Game Consoles	2,285,000	35,703,572
Home Furnishing Retail—0.2%
Fourlis Holdings SA (Greece) (a)	Home Furnishing Retail and Wholesales Electric & Electronic Appliances	2,314,296	3,016,602
Home Improvement Retail—2.1%
Carpetright PLC (United Kingdom) (a)	Carpet Retailer	2,884,800	30,541,901
Human Resource & Employment Services—4.2%
Michael Page International PLC (United Kingdom)	Recruitment Consultancy Services	4,329,808	25,354,658
Pasona Group, Inc. (Japan) (b)	Placement Service Provider	32,040	22,165,660
SThree PLC (United Kingdom)	Communication & Technology Staffing Services	1,965,700	8,189,031
Brunel International NV (Netherlands)	Recruitment, Temporary Employment, Secondment & Contracting Services	75,300	2,973,113

Name	Description	Shares Held	Value
Common Stocks—95.3% (cont.)
Human Resource & Employment Services—4.2% (cont.)
Randstad Holding N.V. (Netherlands)	Temporary Assignments in Educational, Secretarial & Banking	76,400	$	2,240,655
			60,923,117
Industrial Conglomerates—2.5%
Rheinmetall AG (Germany)	Automotive Pump Manufacturer	741,300	36,305,033
Industrial Machinery—5.4%
Interpump Group SpA (Italy) (b)	Pump & Piston Manufacturer	4,770,378	36,221,457
Duerr AG (Germany)	Automotive Industry Machinery Manufacturer	269,152	16,553,726
Burckhardt Compression Holding AG (Switzerland)	Manufactures Reciprocating Compressors	55,800	14,274,077
Konecranes OYJ (Finland)	Overhead Lifting Equipment & Maintenance Services	423,700	11,088,451
			78,137,711
Investment Banking & Brokerage—0.8%
Ichiyoshi Securities Co., Ltd. (Japan)	Stock Broker	2,057,800	11,584,537
IT Consulting & Other Services—5.8%
Atea ASA (Norway) (b)	Management & IT Consulting Services	5,101,000	44,804,661
Alten, Ltd. (France) (c)	Consulting & Engineering Services	833,200	23,065,305
Altran Technologies SA (France) (a)	Engineering & Technology Consulting Company	3,740,700	16,388,599
			84,258,565
Life Sciences Tools & Services—0.3%
Tecan Group AG (Switzerland) (a)	Manufactures & Distributes Laboratory Automation Components & Systems	66,900	4,616,710
Motorcycle Manufacturers—2.2%
Yamaha Motor Co., Ltd. (Japan)	Motorcycle Manufacturer	3,292,500	31,098,236
Office Electronics—2.0%
Konica Minolta Holdings, Inc. (Japan)	Manufactures Photo Films for Medical, Printing, Office & General Use	3,667,700	28,585,439
Oil & Gas Equipment & Services—0.1%
Fugro NV (Netherlands)	Collector, Processor & Interpreter of Geological Data	35,500	2,144,281
Packaged Foods & Meats—2.6%
Goodman Fielder, Ltd. (Australia)	Produces Food Products	67,274,200	37,870,312
Photographic Products—1.6%
Vitec Group PLC (United Kingdom) (b)	Photo Equipment & Supplies	2,145,559	22,597,813

Name	Description	Shares Held/  Par Value		Value
Common Stocks—95.3% (cont.)
Real Estate Services—2.6%
LSL Property Services PLC (United Kingdom) (b)	Residential Property Service Provider	10,375,000		$	37,900,367
Research & Consulting Services—0.3%
Cision AB (Sweden) (a)	Business & Communication Intelligence	627,820		4,265,667
Soft Drinks—1.4%
Britvic PLC (United Kingdom)	Soft Drink Manufacturer & Marketer	3,975,000		20,537,761
Specialty Chemicals—6.1%
Kansai Paint Co., Ltd. (Japan)	Manufactures & Sells a Wide Range of Paints & Related Products	3,760,100		40,030,589
Taiyo Holdings Co., Ltd. (Japan)	Manufactures & Sells Resist Inks	1,032,700		25,825,574
Sika AG (Switzerland)	Manufactures Construction Materials	11,450		22,051,941
				87,908,104
Specialty Stores—0.4%
JJB Sports PLC (United Kingdom) (a) (b)	Sportswear & Sports Equipment Retailer	40,500,000		6,263,626
Technology Distributors—2.1%
Premier Farnell PLC (United Kingdom)	Distributes Electronic Components & Equipment	11,237,800		30,483,361
Trading Companies & Distributors—2.5%
Travis Perkins PLC (United Kingdom)	Markets & Distributes Products to the UK Construction & Building Trade Industry	2,211,300		33,610,646
Bunzl PLC (United Kingdom)	Outsourcing Solutions & Service Oriented Distribution	124,800		2,038,603
				35,649,249
Total Common Stocks (Cost: $1,519,752,626)				$	1,376,413,198
Short Term Investment—3.5%
Repurchase Agreement—3.5%
Fixed Income Clearing Corp. Repurchase Agreement, 0.1% dated 6/29/2012 due 7/2/2012, repurchase price $51,120,999 collateralized by a Federal National Mortgage Association Bond, with a rate of 2.000%, with a maturity of 8/18/2015, and with a fair value plus accrued interest of $52,144,550 (Cost: $51,120,573)		$	51,120,573	51,120,573
Total Short Term Investment (Cost: $51,120,573)				$	51,120,573
Total Investments (Cost: $1,570,873,199)—98.8%				1,427,533,771
Foreign Currencies (Cost: $608,632)—0.1%				606,269
Other Assets In Excess of Liabilities—1.1%				16,575,284
Total Net Assets—100%				$	1,444,715,324

(a)	Non-income producing security
(b)	See Note 2 in the Notes to Schedules of Investments regarding investments in affiliated issuers.
(c)	A portion of the security out on loan.

THE OAKMARK FUNDS

Notes to Schedules of Investments (Unaudited)

1.  SIGNIFICANT ACCOUNTING POLICIES

Harris Associates Investment Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company organized as a Massachusetts business trust on February 1, 1991.  The Trust consists of the following series (each individually referred to as “a Fund” or collectively as “the Funds”): Oakmark Fund (“Oakmark”), Oakmark Select Fund (“Select”), Oakmark Equity and Income Fund (“Equity and Income”), Oakmark Global Fund (“Global”), Oakmark Global Select Fund (“Global Select”), Oakmark International Fund (“International”), and Oakmark International Small Cap Fund (“Int’l Small Cap”).  Each Fund other than Select and Global Select is diversified in accordance with the 1940 Act.

Security valuation —

The Funds’ share prices or net asset values (“NAVs”) are calculated as of the close of regular session trading (usually 4:00 pm Eastern time) on the New York Stock Exchange (“NYSE”) on any day on which the NYSE is open for trading.  Equity securities principally traded on securities exchanges in the United States and over-the-counter securities are valued at the last sales price or the official closing price on the day of valuation, or lacking any reported sales that day, at the most recent bid quotation.  Securities traded on the NASDAQ National Market are valued at the NASDAQ Official Closing Price (“NOCP”), or lacking an NOCP, at the most recent bid quotation on the NASDAQ National Market.  Equity securities principally traded on securities exchanges outside the United States shall be valued, depending on local convention or regulation, at the last sales price, the last bid or asked price, the mean between the last bid and asked prices, or the official closing price, or shall be based on a pricing composite as of the close of the regular trading hours on the appropriate exchange or other designated time. Debt obligations and money market instruments maturing in more than 60 days from the date of purchase are valued at the latest bid quotation or at an evaluated price provided by an independent professional 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. Debt obligations and money market instruments maturing in less than 61 days from the date of purchase are valued at amortized cost, which approximates fair value. Options are valued at the last reported sales price on the day of valuation or, lacking any reported sale price on the valuation date, at the mean of the most recent bid and asked quotations or, if the mean is not available, at the most recent bid quotation.

Securities for which quotations are not readily available or securities that may have been affected by a significant event occurring between the close of a foreign market and the close of the NYSE are valued at fair value, determined by or under the direction of the pricing committee authorized by the Board of Trustees.  A significant event may include the performance of U.S. markets since the close of foreign markets.  The Funds may use a systematic fair valuation model provided by an independent professional pricing service to value foreign securities in order to adjust local closing prices for information or events that may occur between the close of certain foreign exchanges and the close of the NYSE. At June 30, 2012 Equity and Income held a security for which a market quotation was not readily available and which was valued by the pricing committee at a fair value determined in good faith in accordance with procedures established by the Board of Trustees.

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 Funds’ own assumptions in determining the fair value of investments)

Observable inputs are those based on market data obtained from independent sources, and unobservable inputs reflect the Funds’ 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, 2012 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 by contract in the notes following the below summary:

	Quoted Prices
	in Active		Other
	Markets for		Significant			Significant
	Identical		Observable			Unobservable
	Assets		Inputs			Inputs
	(Level 1)		(Level 2)			(Level 3)
Oakmark
Common Stocks	$	5,832,593,667	$	0		$	0
Short Term Investments	0		289,870,342			0
Total	$	5,832,593,667	$	289,870,342		$	0
Select
Common Stocks	$	2,822,229,280	$	0		$	0
Short Term Investments	0		114,379,183			0
Total	$	2,822,229,280	$	114,379,183		$	0
Equity and Income
Common Stocks - Packaged Food & Meats	$	0	$	619,065,990		$	0
Common Stocks - All Other	12,564,985,553		0			0
Fixed Income	0		4,200,168,146			0
Short Term Investments	0		1,221,742,623			0
Total	$	12,564,985,553	$	6,040,976,759		$	0
Global
Common Stocks	$	2,077,845,357	$	0		$	0
Short Term Investments	0		20,310,832			0
Forward Foreign Currency Contracts - Assets	0		19,122,681			0
Forward Foreign Currency Contracts - Liabilities	0		(1,356,884		)	0
Total	$	2,077,845,357	$	38,076,629		$	0
Global Select
Common Stocks	$	508,034,739	$	0		$	0
Short Term Investments	0		20,676,597			0
Forward Foreign Currency Contracts - Assets	0		4,000,958			0
Forward Foreign Currency Contracts - Liabilities	0		(561,625		)	0
Total	$	508,034,739	$	24,115,930		$	0
International
Common Stocks	$	8,061,423,746	$	0		$	0
Short Term Investments	0		292,684,719			0
Forward Foreign Currency Contracts - Assets	0		83,400,421			0
Forward Foreign Currency Contracts - Liabilities	0		(15,211,528		)	0
Total	$	8,061,423,746	$	360,873,612		$	0
Int’l Small Cap+
Common Stocks	$	1,376,413,198	$	0		$	0
Warrants	0
Short Term Investments	0		51,120,573			0
Forward Foreign Currency Contracts - Assets	0		15,920,181			0
Forward Foreign Currency Contracts - Liabilities	0		(4,669,159		)	0
Total	$	1,376,413,198	$	62,371,595		$	0

+ On September 30, 2011, Int’l Small Cap held a security classified as Level 3 within the Investment Banking and Brokerage category with a fair value of zero. During the period ended June 30, 2012, while still valued at zero, this security was disposed of, resulting in a realized loss of $24,294,661. The Funds had no other purchases or sales of Level 3 securities during the 9-month period ended June 30, 2012.

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 is 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, 2012 Global, Global Select, International, and Int’l Small Cap held forward foreign currency contracts, which are considered derivative instruments under FASB ASC 815-10, each of whose counterparty is State Street Corporation, as follows:

Oakmark Global Fund

	Contract Amount	Settlement Date	Valuation at 6/30/12		Unrealized Appreciation/ (Depreciation)
Foreign Currency Bought:
Japanese Yen	2,180,000,000	09/19/12	$	27,304,158	$	(912,254	)
Swedish Krona	24,300,000	09/19/12	3,502,825		(67,943		)
			$	30,806,983	$	(980,197	)
Foreign Currency Sold:
Australian Dollar	21,240,000	03/20/13	$	21,265,943	$	(332,861	)
Japanese Yen	25,210,000,000	09/19/12	315,751,293		15,336,534
Swedish Krona	58,500,000	09/19/12	8,432,727		(43,826		)
Swiss Franc	94,900,000	12/19/12	100,486,963		3,786,147
			$	445,936,926	$	18,745,994

During the period ended June 30, 2012, the proceeds from forward foreign currency contracts opened for Global were $133,595,093 and the cost to close contracts was $332,428,498.

Oakmark Global Select Fund

	Contract Amount	Settlement Date	Valuation at 6/30/12		Unrealized Appreciation/ (Depreciation)
Foreign Currency Bought:
Japanese Yen	1,390,000,000	09/19/12	$	17,409,532	$	(561,625	)
			$	17,409,532	$	(561,625	)
Foreign Currency Sold:
Japanese Yen	4,690,000,000	09/19/12	$	58,741,514	$	2,874,290
Swiss Franc	28,240,000	12/19/12	29,902,548		1,126,668
			$	88,644,062	$	4,000,958

During the period ended June 30, 2012, the proceeds from forward foreign currency contracts opened for Global Select were $31,029,216 and the cost to close contracts was $67,664,199.

Oakmark International Fund

	Contract Amount	Settlement Date	Valuation at 6/30/12		Unrealized Appreciation/ (Depreciation)
Foreign Currency Bought:
Japanese Yen	38,800,000,000	09/19/12	$	485,963,909	$	(11,425,369	)
			$	485,963,909	$	(11,425,369	)
Foreign Currency Sold:
Australian Dollar	214,000,000	03/20/13	$	214,261,386	$	(3,353,686	)
Japanese Yen	96,700,000,000	09/19/12	1,211,152,320		58,829,813
Swedish Krona	265,000,000	09/19/12	38,199,531		(198,527		)
Swiss Franc	610,000,000	12/19/12	645,911,989		24,336,662
			$	2,109,525,226	$	79,614,262

During the period ended June 30, 2012, the proceeds from forward foreign currency contracts opened for International were $950,778,054 and the cost to close contracts was $2,394,208,091.

Oakmark Int’l Small Cap Fund

	Contract Amount	Settlement Date	Valuation at 6/30/12		Unrealized Appreciation/ (Depreciation)
Foreign Currency Bought:
Japanese Yen	8,730,000,000	09/19/12	$	109,341,880	$	(2,825,518	)
			$	109,341,880	$	(2,825,518	)
Foreign Currency Sold:
Australian Dollar	101,200,000	03/20/13	$	101,323,609	$	(1,585,949	)
Japanese Yen	21,415,000,000	09/19/12	268,219,513		13,010,678
Norwegian Krona	157,500,000	09/19/12	26,399,607		(217,244		)
Swedish Krona	4,630,000	09/19/12	667,411		(3,469		)
Swiss Franc	72,000,000	12/19/12	76,238,792		2,872,524
			$	472,848,932	$	14,076,540

During the period ended June 30, 2012, the proceeds from forward foreign currency contracts opened for Int’l Small Cap were $219,748,925 and the cost to close contracts was $488,685,283.

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, 2012, none of the Funds had short sales.

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. Harris Associates L.P. (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.

Security lending —

Each Fund, except Oakmark, 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. Treasuries maintained on a current basis in an amount at least equal to the fair value of the securities loaned by the Fund. Collateral is marked to market and monitored daily. The Fund continues to receive the equivalent of the interest or dividends paid by the issuer on the securities loaned and also receives 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. In addition, there could 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.

At June 30, 2012, International and Int’l Small Cap had securities on loan with a value of $200,765,392 and $14,925,961 respectively, and held as collateral for the loans U.S. Treasury securities with a value of $212,166,463 and $15,672,793 respectively.

Restricted securities —

The following investments, the sales of which are restricted to qualified institutional buyers, have been valued according to the securities valuation procedures for debt obligations and money market instruments (as stated in the Security valuation section) since their acquisition dates. These securities are priced using market quotations or at amortized cost, and there are no unrestricted securities with the same maturity dates and yields for the issuer.

At June 30, 2012, Equity and Income held the following restricted securities:

Par		Security Name	Acquisition Date	Carrying  Value	Cost	Value		Percentage of Net Assets
$	11,450,000	Cabela’s Master Credit Card Trust, 144A, 0.792%, due 10/15/2019, Series 2011-4A, Class A2	10/20/2011	100.2983	100.0000	11,484,151		0.06	%
25,000,000		John Deere Capital Co., 144A, 0.15%, due 7/12/2012	5/30/2012	99.9954	99.9821	24,998,854		0.13	%
33,000,000		Kellogg Co., 144A, 0.20%, due 7/6/2012	6/21/2012	99.9972	99.9917	32,999,083		0.18	%
10,000,000		Kellogg Co., 144A, 0.18%, due 7/5/2012	6/29/2012	99.9980	99.9970	9,999,800		0.05	%
48,080,000		Kinectic Concepts, Inc., 144A 10.50% due 11/1/2018	10/25/2011	105.000	98.1980	50,484,000		0.27	%
9,600,000		Kinectic Concepts, Inc., 144A 12.50% due 11/1/2019	2/9/2012	90.5000	98.7500	8,688,000		0.05	%
2,880,000		Kinectic Concepts, Inc., 144A 12.50% due 11/1/2019	2/14/2012	90.5000	95.0000	2,606,400		0.01	%
1,920,000		Kinectic Concepts, Inc., 144A 12.50% due 11/1/2019	4/10/2012	90.5000	92.5000	1,737,600		0.01	%
1,000,000		Post Holdings, Inc., 144A, 7.375%, due 2/15/2022	1/27/2012	105.5000	100.0000	1,055,000		0.01	%
11,700,000		Sealed Air Corp., 144A, 5.625%, due 7/15/2013	4/6/2004	103.2500	103.3100	12,080,250		0.06	%
3,740,000		Sealed Air Corp., 144A, 5.625%, due 7/15/2013	8/20/2003	103.2500	96.4100	3,861,550		0.02	%
3,000,000		Sealed Air Corp., 144A, 5.625%, due 7/15/2013	6/27/2003	103.2500	100.6800	3,097,500		0.02	%
300,000		Sealed Air Corp., 144A, 5.625%, due 7/15/2013	8/21/2003	103.2500	96.7900	309,750		0.00	%*
25,110,000		SSIF Nevada, LP, 144A, 1.167%, due 4/14/2014	1/12/2012	99.3296	98.8880	24,941,662		0.13	%
9,620,000		SSIF Nevada, LP, 144A, 1.167%, due 4/14/2014	1/20/2012	99.3296	98.9060	9,555,508		0.05	%
9,520,000		SSIF Nevada, LP, 144A, 1.167%, due 4/14/2014	1/9/2012	99.3296	98.8580	9,456,178		0.05	%
5,750,000		SSIF Nevada, LP, 144A, 1.167%, due 4/14/2014	1/18/2012	99.3296	98.9020	5,711,452		0.03	%
5,100,000		SSIF Nevada, LP, 144A, 1.167%, due 4/14/2014	1/5/2012	99.3296	98.7660	5,065,810		0.03	%
20,000,000		Wellpoint, Inc., 144A, 0.31%, due 8/13/2012	6/11/2012	99.9600	99.9458	19,992,000		0.11	%
13,100,000		Wellpoint, Inc., 144A, 0.25%, due 7/16/2012	6/22/2012	99.9896	99.9833	13,098,635		0.07	%
10,000,000		Wellpoint, Inc., 144A, 0.32%, due 7/20/2012	5/22/2012	99.9831	99.9476	9,998,311		0.05	%
10,000,000		Wellpoint, Inc., 144A, 0.32%, due 7/23/2012	5/23/2012	99.9813	99.9458	9,998,133		0.05	%
1,900,000		Wellpoint, Inc., 144A, 0.23%, due 7/16/2012	6/27/2012	99.9904	99.9879	1,899,818		0.01	%
						$	273,119,445	1.45	%

* Amount rounds to less than 0.01%

2. INVESTMENTS IN AFFILIATED ISSUERS

Each of the companies listed below was considered to be an affiliate of the Fund because the Fund owned 5% or more of the company’s voting securities during all or part of the nine month period ended June 30, 2012. Purchase and sale transactions and dividend income earned during the period on these securities are set forth below:

Schedule of Transactions with Affiliated Issuers

Oakmark Equity and Income Fund

Affiliates	Shares Held	Purchases (Cost)		Sales (Proceeds)		Dividend Income		Value September 30, 2011		Value June 30, 2012
Broadridge Financial Solutions, Inc.	6,900,000	$	0	$	0	$	3,312,000	$	138,966,000	$	146,763,000
Flowserve Corp.	3,639,184	4,024,078		0		3,784,751		265,245,748		417,596,364
Hospira, Inc. (a) (b)	5,715,500	27,118,794		104,269,985		0		296,000,000		199,928,190
L-3 Communications Holdings, Inc. (c)	0			371,945,101		2,892,820		334,638,000		0
PharMerica Corp. (a)	1,710,000	0		1,133,235		0		25,828,700		18,673,200
Varian Medical Systems, Inc. (a)	5,700,000	0		0		0		297,312,000		346,389,000
Walter Energy, Inc.	4,038,200	20,941,085		16,022,527		1,465,238		236,862,471		178,326,912
TOTALS		$	52,083,957	$	493,370,848	$	11,454,809	$	1,594,852,919	$	1,307,676,666

Schedule of Transactions with Affiliated Issuers

Oakmark International Fund

Affiliates	Shares Held	Purchases (Cost)		Sales (Proceeds)		Dividend Income		Value September 30,  2011		Value June 30, 2012
Meitec Corp.	2,845,800	$	7,786,303	$	0	$	879,510	$	47,315,554	$	59,952,801
TOTALS		$	7,786,303	$	0	$	879,510	$	47,315,554	$	59,952,801

Schedule of Transactions with Affiliated Issuers

Oakmark Int’l Small Cap Fund

Affiliates	Shares Held	Purchases (Cost)		Sales (Proceeds)		Dividend Income		Value September 30,  2011		Value June 30, 2012
Atea ASA	5,101,000	$	10,852,427	$	4,560,322	$	3,630,157	$	35,155,506	$	44,804,661
Interpump Group SpA (b)	4,770,378	3,251,787		7,149,594		722,756		29,367,429		36,221,457
Interpump Group SPA, Warrants (a) (c)	0	0		0		0		631,221		0
JJB Sports PLC (a)	40,500,000	1,805,185		0		0		8,099,423		6,263,626
LSL Property Services PLC	10,375,000	0		0		970,249		36,097,015		37,900,367
Orbotech, Ltd. (a)	3,337,600	0		0		0		32,307,968		25,432,512
Pasona Group, Inc.	32,040	0		244,473		402,918		32,819,315		22,165,660
Vitec Group PLC (b)	2,145,559	52,418		2,612,581		429,930		20,058,863		22,597,813
TOTALS		$	15,961,817	$	14,566,970	$	6,156,010	$	193,905,519	$	195,386,096

(a) Non-income producing security.

(b) Due to transactions during the period ended June 30, 2012, the company is no longer an affiliated issuer.

(c) Position in issuer liquidated during the period ended June 30, 2012.

3. FEDERAL INCOME TAXES

At June 30, 2012 the cost of investments for federal income tax purposes and related composition of unrealized gains and losses for each Fund were as follows:

Fund	Cost of Investments for Federal Income Tax Purposes	Gross Unrealized  Appreciation	Gross Unrealized  (Depreciation)		Net Unrealized Appreciation  (Depreciation)
Oakmark	4,640,514,803	1,550,209,531	(68,260,325	)	1,481,949,206
Select	2,089,901,700	869,833,802	(23,127,039	)	846,706,763
Equity and Income	15,559,811,767	3,281,541,910	(235,391,365	)	3,046,150,545
Global	1,997,850,068	387,967,436	(287,661,315	)	100,306,121
Global Select	531,754,195	59,272,917	(62,315,776	)	(3,042,859	)
International	8,805,314,494	584,876,472	(1,036,082,501	)	(451,206,029	)
Int’l Small Cap	1,589,105,534	106,183,155	(267,754,918	)	(161,571,763	)

4.  SUBSEQUENT EVENTS

Management has evaluated the possibility of subsequent events existing in the Funds’ schedule of investments. Management has determined that there are no material events that would require disclosure in the Funds’ schedule of investments through the date of the publication of this report.

Item 2. Controls and Procedures.

(a) The Registrant’s principal executive and principal financial officers have concluded, based on an evaluation of the Registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (17 CFR 270.30a-3(c)), the “Disclosure Controls”), within 90 days prior to the filing of this report, that the Disclosure Controls are effectively designed to ensure that information required to be disclosed by the Registrant in this report is recorded, processed, summarized and reported, including ensuring that information required to be disclosed in this report is accumulated and communicated to the Registrant’s management, including the Registrant’s principal executive officer and principal financial officer, as appropriate to allow timely decisions regarding required disclosure.

(b) There were no changes in the Registrant’s internal controls over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940, as amended (17 CFR 270.30a-3(d))) that occurred during the Registrant’s most recent fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

Item 3. Exhibits.

(a) Certifications pursuant to Rule 30a-2(a) under the Investment Company Act of 1940, as amended (17 CFR 270.30a-2(a)), attached hereto as Exhibits (a)(1) and (a)(2).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Harris Associates Investment Trust

By:	/s/ Kristi L. Rowsell
	Kristi L. Rowsell
	Principal Executive Officer
Date:	August 23, 2012

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, as amended, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

By:	/s/ Kristi L. Rowsell
	Kristi L. Rowsell
	Principal Executive Officer
Date:	August 23, 2012
By:	/s/ Thomas E. Herman
	Thomas E. Herman
	Principal Financial Officer
Date:	August 23, 2012