UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF
REGISTERED MANAGEMENT INVESTMENT COMPANIES
|
Investment Company Act file number |
811-06279 | ||||||||
|
| |||||||||
|
Harris Associates Investment Trust | |||||||||
|
(Exact name of registrant as specified in charter) | |||||||||
|
| |||||||||
|
111 South Wacker Drive, Suite 4600 Chicago, Illinois |
|
60606-4319 | |||||||
|
(Address of principal executive offices) |
|
(Zip code) | |||||||
|
| |||||||||
|
Kristi L. Rowsell 111 South Wacker Drive, #4600 Chicago, Illinois 60606 |
Paulita A. Pike K&L Gates LLP Three First National Plaza, #3100 Chicago, Illinois 60602 | ||||||||
|
(Name and address of agents for service) | |||||||||
|
| |||||||||
|
Registrant’s telephone number, including area code: |
(312) 646-3600 |
| |||||||
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| |||||||||
|
Date of fiscal year end: |
9/30/14 |
| |||||||
|
| |||||||||
|
Date of reporting period: |
6/30/14 |
| |||||||
Item 1. Schedule of Investments.
|
Oakmark Fund |
|
June 30, 2014 (Unaudited) |
|
Schedule of Investments (in thousands) |
|
|
|
|
|
Shares |
|
Value |
| |
|
COMMON STOCKS— 92.2% |
|
|
|
|
| |
|
FINANCIALS — 25.1% |
|
|
|
|
| |
|
DIVERSIFIED FINANCIALS — 9.5% |
|
|
|
|
| |
|
Franklin Resources, Inc. |
|
5,430 |
|
$ |
314,071 |
|
|
Asset Management & Custody Banks |
|
|
|
|
| |
|
Capital One Financial Corp. |
|
3,793 |
|
313,285 |
| |
|
Consumer Finance |
|
|
|
|
| |
|
State Street Corp. |
|
4,300 |
|
289,218 |
| |
|
Asset Management & Custody Banks |
|
|
|
|
| |
|
The Goldman Sachs Group, Inc. |
|
1,708 |
|
285,988 |
| |
|
Investment Banking & Brokerage |
|
|
|
|
| |
|
Bank of New York Mellon Corp. |
|
6,320 |
|
236,860 |
| |
|
Asset Management & Custody Banks |
|
|
|
|
| |
|
|
|
|
|
1,439,422 |
| |
|
BANKS — 8.8% |
|
|
|
|
| |
|
Bank of America Corp. |
|
29,700 |
|
456,489 |
| |
|
Diversified Banks |
|
|
|
|
| |
|
Citigroup, Inc. |
|
6,660 |
|
313,686 |
| |
|
Diversified Banks |
|
|
|
|
| |
|
JPMorgan Chase & Co. |
|
5,335 |
|
307,402 |
| |
|
Diversified Banks |
|
|
|
|
| |
|
Wells Fargo & Co. |
|
4,980 |
|
261,749 |
| |
|
Diversified Banks |
|
|
|
|
| |
|
|
|
|
|
1,339,326 |
| |
|
INSURANCE — 6.8% |
|
|
|
|
| |
|
American International Group, Inc. |
|
5,585 |
|
304,829 |
| |
|
Multi-line Insurance |
|
|
|
|
| |
|
Aon PLC (b) |
|
3,020 |
|
272,072 |
| |
|
Insurance Brokers |
|
|
|
|
| |
|
Principal Financial Group, Inc. |
|
4,519 |
|
228,135 |
| |
|
Life & Health Insurance |
|
|
|
|
| |
|
Aflac, Inc. |
|
3,560 |
|
221,610 |
| |
|
Life & Health Insurance |
|
|
|
|
| |
|
|
|
|
|
1,026,646 |
| |
|
|
|
|
|
3,805,394 |
| |
|
INFORMATION TECHNOLOGY — 22.3% |
|
|
|
|
| |
|
SOFTWARE & SERVICES — 11.9% |
|
|
|
|
| |
|
Oracle Corp. |
|
8,190 |
|
331,941 |
| |
|
Systems Software |
|
|
|
|
| |
|
MasterCard, Inc., Class A |
|
4,380 |
|
321,799 |
| |
|
Data Processing & Outsourced Services |
|
|
|
|
| |
|
Visa, Inc., Class A |
|
1,410 |
|
297,101 |
| |
|
Data Processing & Outsourced Services |
|
|
|
|
| |
|
Automatic Data Processing, Inc. |
|
3,650 |
|
289,372 |
| |
|
Data Processing & Outsourced Services |
|
|
|
|
| |
|
Microsoft Corp. |
|
6,030 |
|
251,451 |
| |
|
Systems Software |
|
|
|
|
| |
|
Google, Inc., Class A (a) |
|
344 |
|
200,834 |
| |
|
Internet Software & Services |
|
|
|
|
| |
|
Google, Inc., Class C (a) |
|
196 |
|
112,755 |
| |
|
Internet Software & Services |
|
|
|
|
| |
|
|
|
|
|
1,805,253 |
| |
|
TECHNOLOGY HARDWARE & EQUIPMENT — 5.5% |
|
|
|
|
| |
|
TE Connectivity, Ltd. (b) |
|
4,686 |
|
|
289,760 |
|
|
Electronic Manufacturing Services |
|
|
|
|
| |
|
QUALCOMM, Inc. |
|
3,565 |
|
282,348 |
| |
|
Communications Equipment |
|
|
|
|
| |
|
Apple, Inc. |
|
2,863 |
|
266,059 |
| |
|
Technology Hardware, Storage & Peripherals |
|
|
|
|
| |
|
|
|
|
|
838,167 |
| |
|
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 4.9% |
|
|
|
|
| |
|
Intel Corp. |
|
10,230 |
|
316,107 |
| |
|
Semiconductors |
|
|
|
|
| |
|
Texas Instruments, Inc. |
|
5,465 |
|
261,172 |
| |
|
Semiconductors |
|
|
|
|
| |
|
Applied Materials, Inc. |
|
7,160 |
|
161,458 |
| |
|
Semiconductor Equipment |
|
|
|
|
| |
|
|
|
|
|
738,737 |
| |
|
|
|
|
|
3,382,157 |
| |
|
CONSUMER DISCRETIONARY — 15.6% |
|
|
|
|
| |
|
RETAILING — 6.9% |
|
|
|
|
| |
|
Amazon.com, Inc. (a) |
|
971 |
|
315,361 |
| |
|
Internet Retail |
|
|
|
|
| |
|
The Home Depot, Inc. |
|
3,622 |
|
293,197 |
| |
|
Home Improvement Retail |
|
|
|
|
| |
|
Liberty Interactive Corp., Class A (a) |
|
9,020 |
|
264,818 |
| |
|
Catalog Retail |
|
|
|
|
| |
|
Kohl’s Corp. |
|
3,442 |
|
181,319 |
| |
|
Department Stores |
|
|
|
|
| |
|
|
|
|
|
1,054,695 |
| |
|
AUTOMOBILES & COMPONENTS — 3.5% |
|
|
|
|
| |
|
General Motors Co. |
|
7,850 |
|
284,955 |
| |
|
Automobile Manufacturers |
|
|
|
|
| |
|
Delphi Automotive PLC (b) |
|
2,413 |
|
165,836 |
| |
|
Auto Parts & Equipment |
|
|
|
|
| |
|
Harley-Davidson, Inc. |
|
1,102 |
|
76,975 |
| |
|
Motorcycle Manufacturers |
|
|
|
|
| |
|
|
|
|
|
527,766 |
| |
|
MEDIA — 3.5% |
|
|
|
|
| |
|
Omnicom Group, Inc. |
|
3,511 |
|
250,071 |
| |
|
Advertising |
|
|
|
|
| |
|
Comcast Corp., Class A |
|
3,940 |
|
210,120 |
| |
|
Cable & Satellite |
|
|
|
|
| |
|
News Corp., Class A (a) |
|
3,702 |
|
66,416 |
| |
|
Publishing |
|
|
|
|
| |
|
|
|
|
|
526,607 |
| |
|
CONSUMER SERVICES — 1.7% |
|
|
|
|
| |
|
McDonald’s Corp. |
|
2,519 |
|
253,764 |
| |
|
Restaurants |
|
|
|
|
| |
|
|
|
|
|
2,362,832 |
| |
|
|
|
Shares |
|
Value |
| |
|
CONSUMER STAPLES — 7.6% |
|
|
|
|
| |
|
FOOD, BEVERAGE & TOBACCO — 6.4% |
|
|
|
|
| |
|
General Mills, Inc. |
|
5,500 |
|
$ |
288,970 |
|
|
Packaged Foods & Meats |
|
|
|
|
| |
|
Diageo PLC (c) |
|
2,190 |
|
278,721 |
| |
|
Distillers & Vintners |
|
|
|
|
| |
|
Unilever PLC (c) |
|
5,083 |
|
230,311 |
| |
|
Packaged Foods & Meats |
|
|
|
|
| |
|
Nestle SA (c) |
|
2,190 |
|
170,097 |
| |
|
Packaged Foods & Meats |
|
|
|
|
| |
|
|
|
|
|
968,099 |
| |
|
FOOD & STAPLES RETAILING — 1.2% |
|
|
|
|
| |
|
Wal-Mart Stores, Inc. |
|
2,430 |
|
182,420 |
| |
|
Hypermarkets & Super Centers |
|
|
|
|
| |
|
|
|
|
|
1,150,519 |
| |
|
ENERGY — 7.2% |
|
|
|
|
| |
|
Apache Corp. |
|
3,505 |
|
352,673 |
| |
|
Oil & Gas Exploration & Production |
|
|
|
|
| |
|
National Oilwell Varco, Inc. |
|
3,540 |
|
291,519 |
| |
|
Oil & Gas Equipment & Services |
|
|
|
|
| |
|
Halliburton Co. |
|
3,950 |
|
280,490 |
| |
|
Oil & Gas Equipment & Services |
|
|
|
|
| |
|
Cenovus Energy, Inc. (b) |
|
3,930 |
|
127,214 |
| |
|
Integrated Oil & Gas |
|
|
|
|
| |
|
Devon Energy Corp. |
|
495 |
|
39,303 |
| |
|
Oil & Gas Exploration & Production |
|
|
|
|
| |
|
|
|
|
|
1,091,199 |
| |
|
INDUSTRIALS — 6.6% |
|
|
|
|
| |
|
CAPITAL GOODS — 3.4% |
|
|
|
|
| |
|
Illinois Tool Works, Inc. |
|
3,060 |
|
267,933 |
| |
|
Industrial Machinery |
|
|
|
|
| |
|
Parker Hannifin Corp. |
|
1,875 |
|
235,744 |
| |
|
Industrial Machinery |
|
|
|
|
| |
|
|
|
|
|
503,677 |
| |
|
TRANSPORTATION — 3.2% |
|
|
|
|
| |
|
FedEx Corp. |
|
2,100 |
|
317,898 |
| |
|
Air Freight & Logistics |
|
|
|
|
| |
|
Union Pacific Corp. |
|
1,700 |
|
169,575 |
| |
|
Railroads |
|
|
|
|
| |
|
|
|
|
|
487,473 |
| |
|
|
|
|
|
991,150 |
| |
|
HEALTH CARE — 6.5% |
|
|
|
|
| |
|
HEALTH CARE EQUIPMENT & SERVICES — 4.7% |
|
|
|
|
| |
|
Medtronic, Inc. |
|
4,605 |
|
293,614 |
| |
|
Health Care Equipment |
|
|
|
|
| |
|
UnitedHealth Group, Inc. |
|
3,520 |
|
287,760 |
| |
|
Managed Health Care |
|
|
|
|
| |
|
Baxter International, Inc. |
|
1,623 |
|
117,343 |
| |
|
Health Care Equipment |
|
|
|
|
| |
|
|
|
|
|
|
| |
|
Covidien PLC (b) |
|
160 |
|
|
14,429 |
|
|
Health Care Equipment |
|
|
|
|
| |
|
|
|
|
|
713,146 |
| |
|
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES — 1.8% |
|
|
|
|
| |
|
Sanofi (c) |
|
4,950 |
|
263,192 |
| |
|
Pharmaceuticals |
|
|
|
|
| |
|
|
|
|
|
976,338 |
| |
|
MATERIALS — 1.3% |
|
|
|
|
| |
|
Monsanto Co. |
|
1,575 |
|
196,466 |
| |
|
Fertilizers & Agricultural Chemicals |
|
|
|
|
| |
|
TOTAL COMMON STOCKS — 92.2% |
|
|
|
13,956,055 |
| |
|
|
|
Par Value |
|
Value |
| ||
|
SHORT TERM INVESTMENTS— 7.8% |
|
|
|
|
| ||
|
REPURCHASE AGREEMENT — 4.5% |
|
|
|
|
| ||
|
Fixed Income Clearing Corp. Repurchase Agreement, 0.00% dated 06/30/14 due 07/01/14, repurchase price $682,773, collateralized by Federal Home Loan Mortgage Corp. Bonds, 1.000%, due 09/27/17 - 09/29/17, aggregate value plus accrued interest of $124,969, by Federal National Mortgage Association Bonds, 1.000% - 5.355%, due 08/14/17 - 11/24/17, aggregate value plus accrued interest of $93,559, by United States Treasury Notes, 0.625% - 2.750%, due 05/31/17 - 10/31/17, aggregate value plus accrued interest of $477,905 (Cost: $682,773) |
|
$ |
682,773 |
|
682,773 |
| |
|
GOVERNMENT AND AGENCY SECURITIES — 3.3% |
|
|
|
|
| ||
|
United States Treasury Floating Rate Note, 0.109%, due 04/30/16 (d) |
|
250,000 |
|
250,065 |
| ||
|
United States Treasury Bill, 0.00%, due 08/21/14 |
|
250,000 |
|
249,995 |
| ||
|
Total Government and Agency Securities |
|
|
|
500,060 |
| ||
|
TOTAL SHORT TERM INVESTMENTS — 7.8% |
|
|
|
|
| ||
|
(Cost $1,182,768) |
|
|
|
1,182,833 |
| ||
|
TOTAL INVESTMENTS — 100.0% |
|
|
|
15,138,888 |
| ||
|
Foreign Currencies (Cost $767) — 0.0% (e) |
|
|
|
767 |
| ||
|
Liabilities In Excess of Other Assets — 0.0%(e) |
|
|
|
(847 |
) | ||
|
TOTAL NET ASSETS — 100.0% |
|
|
|
$ |
15,138,808 |
| |
(a) Non-income producing security
(b) Foreign domiciled corporation
(c) Sponsored American Depositary Receipt
(d) Floating Rate Note. Rate shown is as of June 30, 2014.
(e) Amount rounds to less than 0.1%.
|
Oakmark Select Fund |
June 30, 2014 (Unaudited) |
Schedule of Investments (in thousands)
|
|
|
Shares |
|
Value |
| |
|
COMMON STOCKS— 92.6% |
|
|
|
|
| |
|
FINANCIALS — 36.2% |
|
|
|
|
| |
|
BANKS — 13.9% |
|
|
|
|
| |
|
Bank of America Corp. |
|
18,350 |
|
$ |
282,040 |
|
|
Diversified Banks |
|
|
|
|
| |
|
JPMorgan Chase & Co. |
|
4,700 |
|
270,814 |
| |
|
Diversified Banks |
|
|
|
|
| |
|
Citigroup, Inc. |
|
4,980 |
|
234,558 |
| |
|
Diversified Banks |
|
|
|
|
| |
|
|
|
|
|
787,412 |
| |
|
INSURANCE — 9.5% |
|
|
|
|
| |
|
American International Group, Inc. |
|
5,105 |
|
278,642 |
| |
|
Multi-line Insurance |
|
|
|
|
| |
|
Fidelity National Financial, Inc., Class A |
|
7,868 |
|
257,762 |
| |
|
Property & Casualty Insurance |
|
|
|
|
| |
|
|
|
|
|
536,404 |
| |
|
DIVERSIFIED FINANCIALS — 8.5% |
|
|
|
|
| |
|
Capital One Financial Corp. |
|
3,050 |
|
251,930 |
| |
|
Consumer Finance |
|
|
|
|
| |
|
Franklin Resources, Inc. |
|
3,950 |
|
228,468 |
| |
|
Asset Management & Custody Banks |
|
|
|
|
| |
|
|
|
|
|
480,398 |
| |
|
REAL ESTATE — 4.3% |
|
|
|
|
| |
|
CBRE Group, Inc., Class A (a) |
|
7,554 |
|
242,030 |
| |
|
Real Estate Services |
|
|
|
|
| |
|
|
|
|
|
2,046,244 |
| |
|
INFORMATION TECHNOLOGY — 23.3% |
|
|
|
|
| |
|
SOFTWARE & SERVICES — 14.1% |
|
|
|
|
| |
|
MasterCard, Inc., Class A |
|
4,150 |
|
304,900 |
| |
|
Data Processing & Outsourced Services |
|
|
|
|
| |
|
Oracle Corp. |
|
6,400 |
|
259,392 |
| |
|
Systems Software |
|
|
|
|
| |
|
Google, Inc., Class A (a) |
|
398 |
|
232,699 |
| |
|
Internet Software & Services |
|
|
|
|
| |
|
|
|
|
|
796,991 |
| |
|
TECHNOLOGY HARDWARE & EQUIPMENT — 5.7% |
|
|
|
|
| |
|
TE Connectivity, Ltd. (b) |
|
5,194 |
|
321,193 |
| |
|
Electronic Manufacturing Services |
|
|
|
|
| |
|
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 3.5% |
|
|
|
|
| |
|
Intel Corp. |
|
6,447 |
|
199,212 |
| |
|
Semiconductors |
|
|
|
|
| |
|
|
|
|
|
1,317,396 |
| |
|
CONSUMER DISCRETIONARY — 15.4% |
|
|
|
|
| |
|
RETAILING — 8.0% |
|
|
|
|
| |
|
Liberty Interactive Corp., Class A (a) |
|
7,800 |
|
229,008 |
| |
|
Catalog Retail |
|
|
|
|
| |
|
Amazon.com, Inc. (a) |
|
690 |
|
224,098 |
| |
|
Internet Retail |
|
|
|
|
| |
|
|
|
|
|
453,106 |
| |
|
AUTOMOBILES & COMPONENTS — 7.4% |
|
|
|
|
| |
|
TRW Automotive Holdings Corp. (a) |
|
4,650 |
|
|
416,268 |
|
|
Auto Parts & Equipment |
|
|
|
|
| |
|
|
|
|
|
869,374 |
| |
|
ENERGY — 5.6% |
|
|
|
|
| |
|
Apache Corp. |
|
3,130 |
|
314,941 |
| |
|
Oil & Gas Exploration & Production |
|
|
|
|
| |
|
UTILITIES — 4.2% |
|
|
|
|
| |
|
Calpine Corp. (a) |
|
10,004 |
|
238,205 |
| |
|
Independent Power Producers & Energy Traders |
|
|
|
|
| |
|
HEALTH CARE — 4.0% |
|
|
|
|
| |
|
HEALTH CARE EQUIPMENT & SERVICES — 4.0% |
|
|
|
|
| |
|
Medtronic, Inc. |
|
3,500 |
|
223,160 |
| |
|
Health Care Equipment |
|
|
|
|
| |
|
INDUSTRIALS — 3.9% |
|
|
|
|
| |
|
TRANSPORTATION — 3.9% |
|
|
|
|
| |
|
FedEx Corp. |
|
1,450 |
|
219,501 |
| |
|
Air Freight & Logistics |
|
|
|
|
| |
|
TOTAL COMMON STOCKS — 92.6% |
|
|
|
5,228,821 |
| |
|
COMMON STOCK SOLD SHORT — (0.1)% |
|
|
|
|
| |
|
FINANCIALS — (0.1)% |
|
|
|
|
| |
|
DIVERSIFIED FINANCIALS — (0.1)% |
|
|
|
|
| |
|
FNFV Group |
|
(203 |
) |
(3,560 |
) | |
|
Multi-Sector Holdings |
|
|
|
|
| |
|
TOTAL COMMON STOCKS SOLD SHORT — (0.1)% |
|
|
|
(3,560 |
) | |
|
|
|
Par Value |
|
Value |
| ||
|
SHORT TERM INVESTMENTS— 8.0% |
|
|
|
|
| ||
|
REPURCHASE AGREEMENT — 8.0% |
|
|
|
|
| ||
|
Fixed Income Clearing Corp. Repurchase Agreement, 0.00% dated 06/30/14 due 07/01/14, repurchase price $450,202, collateralized by United States Treasury Notes, 1.250% - 1.500%, due 11/30/18 - 12/31/18, aggregate value plus accrued interest of $459,210 (Cost: $450,202) |
|
$ |
450,202 |
|
450,202 |
| |
|
TOTAL SHORT TERM INVESTMENTS — 8.0% |
|
|
|
450,202 |
| ||
|
TOTAL INVESTMENTS — 100.5% |
|
|
|
5,675,463 |
| ||
|
Liabilities In Excess of Other Assets — (0.5)% |
|
|
|
(26,290 |
) | ||
|
TOTAL NET ASSETS — 100.0% |
|
|
|
$ |
5,649,173 |
| |
(a) Non-income producing security
(b) Foreign domiciled corporation
|
Oakmark Equity and Income Fund |
June 30, 2014 (Unaudited) |
|
Schedule of Investments (in thousands) |
|
|
|
|
Shares |
|
Value |
| |
|
COMMON STOCKS— 64.5% |
|
|
|
|
| |
|
INDUSTRIALS — 12.5% |
|
|
|
|
| |
|
CAPITAL GOODS — 8.1% |
|
|
|
|
| |
|
Dover Corp. |
|
6,284 |
|
$ |
571,512 |
|
|
Industrial Machinery |
|
|
|
|
| |
|
General Dynamics Corp. |
|
3,266 |
|
380,618 |
| |
|
Aerospace & Defense |
|
|
|
|
| |
|
Rockwell Automation Inc. |
|
2,386 |
|
298,632 |
| |
|
Electrical Components & Equipment |
|
|
|
|
| |
|
Illinois Tool Works, Inc. |
|
2,382 |
|
208,550 |
| |
|
Industrial Machinery |
|
|
|
|
| |
|
Parker Hannifin Corp. |
|
1,638 |
|
205,940 |
| |
|
Industrial Machinery |
|
|
|
|
| |
|
Blount International, Inc. (a) |
|
2,263 |
|
31,937 |
| |
|
Industrial Machinery |
|
|
|
|
| |
|
NOW, Inc. (a) |
|
639 |
|
23,154 |
| |
|
Trading Companies & Distributors |
|
|
|
|
| |
|
|
|
|
|
1,720,343 |
| |
|
TRANSPORTATION — 4.1% |
|
|
|
|
| |
|
FedEx Corp. |
|
3,142 |
|
475,615 |
| |
|
Air Freight & Logistics |
|
|
|
|
| |
|
Union Pacific Corp. |
|
3,691 |
|
368,177 |
| |
|
Railroads |
|
|
|
|
| |
|
Atlas Air Worldwide Holdings, Inc. (a) |
|
800 |
|
29,480 |
| |
|
Air Freight & Logistics |
|
|
|
|
| |
|
|
|
|
|
873,272 |
| |
|
COMMERCIAL & PROFESSIONAL SERVICES — 0.3% |
|
|
|
|
| |
|
Herman Miller, Inc. |
|
1,402 |
|
42,383 |
| |
|
Office Services & Supplies |
|
|
|
|
| |
|
HNI Corp. |
|
307 |
|
12,004 |
| |
|
Office Services & Supplies |
|
|
|
|
| |
|
|
|
|
|
54,387 |
| |
|
|
|
|
|
2,648,002 |
| |
|
FINANCIALS — 11.9% |
|
|
|
|
| |
|
BANKS — 5.1% |
|
|
|
|
| |
|
Bank of America Corp. |
|
42,384 |
|
651,447 |
| |
|
Diversified Banks |
|
|
|
|
| |
|
Wells Fargo & Co. |
|
4,326 |
|
227,374 |
| |
|
Diversified Banks |
|
|
|
|
| |
|
U.S. Bancorp |
|
4,461 |
|
193,243 |
| |
|
Diversified Banks |
|
|
|
|
| |
|
|
|
|
|
1,072,064 |
| |
|
INSURANCE — 3.8% |
|
|
|
|
| |
|
Principal Financial Group, Inc. |
|
5,061 |
|
255,495 |
| |
|
Life & Health Insurance |
|
|
|
|
| |
|
Fidelity National Financial, Inc., Class A |
|
6,908 |
|
226,290 |
| |
|
Property & Casualty Insurance |
|
|
|
|
| |
|
Aflac, Inc. |
|
3,130 |
|
194,861 |
| |
|
Life & Health Insurance |
|
|
|
|
| |
|
Reinsurance Group of America, Inc. |
|
1,730 |
|
136,473 |
| |
|
Reinsurance |
|
|
|
|
| |
|
|
|
|
|
813,119 |
| |
|
|
|
|
|
|
| |
|
DIVERSIFIED FINANCIALS — 3.0% |
|
|
|
|
| |
|
TD Ameritrade Holding Corp. |
|
12,006 |
|
|
376,400 |
|
|
Investment Banking & Brokerage |
|
|
|
|
| |
|
Bank of New York Mellon Corp. |
|
6,851 |
|
256,774 |
| |
|
Asset Management & Custody Banks |
|
|
|
|
| |
|
|
|
|
|
633,174 |
| |
|
|
|
|
|
2,518,357 |
| |
|
CONSUMER DISCRETIONARY — 11.0% |
|
|
|
|
| |
|
AUTOMOBILES & COMPONENTS — 6.9% |
|
|
|
|
| |
|
General Motors Co. |
|
18,564 |
|
673,877 |
| |
|
Automobile Manufacturers |
|
|
|
|
| |
|
Lear Corp. (b) |
|
4,424 |
|
395,121 |
| |
|
Auto Parts & Equipment |
|
|
|
|
| |
|
BorgWarner, Inc. |
|
6,058 |
|
394,921 |
| |
|
Auto Parts & Equipment |
|
|
|
|
| |
|
|
|
|
|
1,463,919 |
| |
|
RETAILING — 2.4% |
|
|
|
|
| |
|
Foot Locker, Inc. (b) |
|
7,711 |
|
391,092 |
| |
|
Apparel Retail |
|
|
|
|
| |
|
HSN, Inc. |
|
2,010 |
|
119,051 |
| |
|
Catalog Retail |
|
|
|
|
| |
|
|
|
|
|
510,143 |
| |
|
MEDIA — 1.5% |
|
|
|
|
| |
|
Scripps Networks Interactive, Inc., Class A |
|
3,831 |
|
310,880 |
| |
|
Broadcasting |
|
|
|
|
| |
|
CONSUMER DURABLES & APPAREL — 0.2% |
|
|
|
|
| |
|
Carter’s, Inc. |
|
664 |
|
45,790 |
| |
|
Apparel, Accessories & Luxury Goods |
|
|
|
|
| |
|
|
|
|
|
2,330,732 |
| |
|
CONSUMER STAPLES — 9.4% |
|
|
|
|
| |
|
FOOD, BEVERAGE & TOBACCO — 7.3% |
|
|
|
|
| |
|
Nestle SA (c) |
|
6,956 |
|
540,280 |
| |
|
Packaged Foods & Meats |
|
|
|
|
| |
|
Philip Morris International, Inc. |
|
5,915 |
|
498,685 |
| |
|
Tobacco |
|
|
|
|
| |
|
Diageo PLC (c) |
|
3,883 |
|
494,241 |
| |
|
Distillers & Vintners |
|
|
|
|
| |
|
|
|
|
|
1,533,206 |
| |
|
FOOD & STAPLES RETAILING — 2.1% |
|
|
|
|
| |
|
CVS Caremark Corp. |
|
5,842 |
|
440,285 |
| |
|
Drug Retail |
|
|
|
|
| |
|
|
|
|
|
1,973,491 |
| |
|
INFORMATION TECHNOLOGY — 8.8% |
|
|
|
|
| |
|
SOFTWARE & SERVICES — 6.3% |
|
|
|
|
| |
|
Oracle Corp. |
|
17,795 |
|
721,231 |
| |
|
Systems Software |
|
|
|
|
| |
|
MasterCard, Inc., Class A |
|
5,350 |
|
393,034 |
| |
|
Data Processing & Outsourced Services |
|
|
|
|
| |
|
Broadridge Financial Solutions, Inc. |
|
5,082 |
|
211,623 |
| |
|
Data Processing & Outsourced Services |
|
|
|
|
| |
|
|
|
|
|
1,325,888 |
| |
|
|
|
|
|
Shares |
|
Value |
| ||
|
TECHNOLOGY HARDWARE & EQUIPMENT — 2.5% |
|
|
|
|
|
|
| ||
|
TE Connectivity, Ltd. (d) |
|
|
|
6,797 |
|
$ |
420,302 |
| |
|
Electronic Manufacturing Services |
|
|
|
|
|
|
| ||
|
Knowles Corp. (a) |
|
|
|
3,372 |
|
103,657 |
| ||
|
Electronic Components |
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
523,959 |
| ||
|
|
|
|
|
|
|
1,849,847 |
| ||
|
ENERGY — 5.7% |
|
|
|
|
|
|
| ||
|
National Oilwell Varco, Inc. |
|
|
|
6,662 |
|
548,636 |
| ||
|
Oil & Gas Equipment & Services |
|
|
|
|
|
|
| ||
|
Baker Hughes, Inc. |
|
|
|
5,850 |
|
435,495 |
| ||
|
Oil & Gas Equipment & Services |
|
|
|
|
|
|
| ||
|
Ultra Petroleum Corp. (a) |
|
|
|
5,117 |
|
151,933 |
| ||
|
Oil & Gas Exploration & Production |
|
|
|
|
|
|
| ||
|
Rowan Cos. PLC |
|
|
|
2,334 |
|
74,531 |
| ||
|
Oil & Gas Drilling |
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
1,210,595 |
| ||
|
HEALTH CARE — 5.2% |
|
|
|
|
|
|
| ||
|
HEALTH CARE EQUIPMENT & SERVICES — 4.9% |
|
|
|
|
|
|
| ||
|
UnitedHealth Group, Inc. |
|
|
|
6,246 |
|
510,573 |
| ||
|
Managed Health Care |
|
|
|
|
|
|
| ||
|
Omnicare, Inc. |
|
|
|
4,065 |
|
270,623 |
| ||
|
Health Care Services |
|
|
|
|
|
|
| ||
|
Laboratory Corp. of America Holdings (a) |
|
|
|
1,430 |
|
146,463 |
| ||
|
Health Care Services |
|
|
|
|
|
|
| ||
|
Varian Medical Systems, Inc. (a) |
|
|
|
1,210 |
|
100,633 |
| ||
|
Health Care Equipment |
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
1,028,292 |
| ||
|
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES — 0.3% |
|
|
|
|
| ||||
|
Bruker Corp. (a) |
|
|
|
3,130 |
|
75,953 |
| ||
|
Life Sciences Tools & Services |
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
1,104,245 |
| ||
|
TOTAL COMMON STOCKS — 64.5% |
|
|
|
|
|
13,635,269 |
| ||
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
Par Value |
|
Value |
| ||
|
FIXED INCOME— 12.5% |
|
|
|
|
|
|
| ||
|
GOVERNMENT AND AGENCY SECURITIES — 8.7% |
|
|
|
|
|
|
| ||
|
U.S. GOVERNMENT NOTES — 7.8% |
|
|
|
|
|
|
| ||
|
1.375%, due 07/15/18, Inflation Indexed |
|
|
|
$ |
547,931 |
|
598,700 |
| |
|
1.25%, due 07/15/20, Inflation Indexed |
|
|
|
541,785 |
|
593,720 |
| ||
|
2.125%, due 01/15/19, Inflation Indexed |
|
|
|
220,131 |
|
247,923 |
| ||
|
1.00%, due 09/30/16 |
|
|
|
199,380 |
|
201,312 |
| ||
|
|
|
|
|
|
|
1,641,655 |
| ||
|
U.S. GOVERNMENT AGENCIES — 0.7% |
|
|
|
|
|
|
| ||
|
Federal Home Loan Bank, 1.65%, due 07/18/19 |
|
|
|
29,550 |
|
29,105 |
| ||
|
Federal Home Loan Bank, 1.00%, due 03/26/19 |
|
|
|
|
26,350 |
|
|
26,384 |
|
|
Federal National Mortgage Association, 1.25%, due 09/27/18 |
|
|
|
24,680 |
|
24,517 |
| ||
|
Federal Home Loan Mortgage Corp., 2.50%, due 10/17/19 |
|
|
|
23,850 |
|
23,999 |
| ||
|
Federal Home Loan Mortgage Corp., 1.50%, due 02/28/19 |
|
|
|
21,750 |
|
21,793 |
| ||
|
Federal National Mortgage Association, 1.125%, due 07/18/18 |
|
|
|
9,825 |
|
9,829 |
| ||
|
Federal National Mortgage Association, 1.00%, due 01/30/20 |
|
|
|
9,525 |
|
9,331 |
| ||
|
Federal Home Loan Bank, 1.00%, due 03/27/23 |
|
|
|
6,500 |
|
6,472 |
| ||
|
Federal Home Loan Bank, 1.00%, due 04/15/20 |
|
|
|
6,500 |
|
6,451 |
| ||
|
|
|
|
|
|
|
157,881 |
| ||
|
CANADIAN GOVERNMENT BONDS — 0.2% |
|
|
|
|
|
|
| ||
|
4.25%, due 12/01/21, Inflation Indexed |
|
CAD |
|
37,566 |
|
46,483 |
| ||
|
|
|
|
|
|
|
|
| ||
|
Total Government and Agency Securities |
|
|
|
|
|
1,846,019 |
| ||
|
|
|
|
|
|
|
|
| ||
|
CORPORATE BONDS — 3.7% |
|
|
|
|
|
|
| ||
|
E*TRADE Financial Corp., 6.375%, due 11/15/19 |
|
|
|
53,872 |
|
58,316 |
| ||
|
Kinetic Concepts, Inc., 10.50%, due 11/01/18 |
|
|
|
47,940 |
|
54,172 |
| ||
|
E*TRADE Financial Corp., 6.75%, due 06/01/16 |
|
|
|
42,515 |
|
46,129 |
| ||
|
General Motors Co., 144A, 4.875%, due 10/02/23 (e) |
|
|
|
41,400 |
|
43,574 |
| ||
|
The Manitowoc Co., Inc., 8.50%, due 11/01/20 |
|
|
|
35,655 |
|
39,755 |
| ||
|
Omnicare, Inc., 7.75%, due 06/01/20 |
|
|
|
36,675 |
|
39,517 |
| ||
|
Delphi Corp., 6.125%, due 05/15/21 |
|
|
|
32,016 |
|
35,781 |
| ||
|
Credit Suisse Group AG, 144A, 7.50%, due 12/31/49 (e) (f) |
|
|
|
30,000 |
|
33,207 |
| ||
|
Ultra Petroleum Corp., 144A, 5.75%, due 12/15/18 (e) |
|
|
|
30,434 |
|
31,956 |
| ||
|
Omnicom Group, Inc., 3.625%, due 05/01/22 |
|
|
|
30,425 |
|
31,300 |
| ||
|
CVS Caremark Corp., 4.00%, due 12/05/23 |
|
|
|
29,325 |
|
30,688 |
| ||
|
General Motors Co., 144A, 3.50%, due 10/02/18 (e) |
|
|
|
29,525 |
|
30,189 |
| ||
|
The William Carter Co., 144A, 5.25%, due 08/15/21 (e) |
|
|
|
28,002 |
|
29,192 |
| ||
|
Burger King Corp., 9.875%, due 10/15/18 |
|
|
|
24,393 |
|
26,161 |
| ||
|
Activision Blizzard, Inc., 144A, 5.625%, due 09/15/21 (e) |
|
|
|
20,965 |
|
22,590 |
| ||
|
|
|
Par Value |
|
Value |
| ||
|
Penn National Gaming, Inc., 144A, 5.875%, due 11/01/21 (e) |
|
$ |
20,000 |
|
$ |
18,900 |
|
|
DIRECTV Holdings LLC / DIRECTV Financing Co., Inc., 5.00%, due 03/01/21 |
|
16,710 |
|
18,654 |
| ||
|
Kinetic Concepts, Inc., 12.50%, due 11/01/19 |
|
14,360 |
|
16,514 |
| ||
|
Live Nation Entertainment, Inc., 144A, 7.00%, due 09/01/20 (e) |
|
14,681 |
|
16,076 |
| ||
|
JPMorgan Chase & Co., 3.15%, due 07/05/16 |
|
14,700 |
|
15,323 |
| ||
|
Activision Blizzard, Inc., 144A, 6.125%, due 09/15/23 (e) |
|
13,615 |
|
14,977 |
| ||
|
Glencore Canada Corp., 6.00%, due 10/15/15 |
|
13,275 |
|
14,097 |
| ||
|
GLP Capital, LP / GLP Financing II, Inc., 144A, 5.375%, due 11/01/23 (e) |
|
12,000 |
|
12,450 |
| ||
|
Howard Hughes Corp., 144A, 6.875%, due 10/01/21 (e) |
|
10,000 |
|
10,700 |
| ||
|
GLP Capital, LP / GLP Financing II, Inc., 144A, 4.875%, due 11/01/20 (e) |
|
10,000 |
|
10,300 |
| ||
|
Six Flags Entertainment Corp., 144A, 5.25%, due 01/15/21 (e) |
|
9,970 |
|
10,219 |
| ||
|
Health Net, Inc., 6.375%, due 06/01/17 |
|
8,680 |
|
9,537 |
| ||
|
Quiksilver, Inc. / QS Wholesale, Inc., 144A, 7.875%, due 08/01/18 (e) |
|
8,630 |
|
8,759 |
| ||
|
Concho Resources, Inc., 5.50%, due 10/01/22 |
|
6,980 |
|
7,512 |
| ||
|
Credit Suisse Group AG, 144A, 6.25%, due 12/31/49 (e) (f) |
|
7,000 |
|
7,044 |
| ||
|
Scotiabank Peru SA, 144A, 4.50%, due 12/13/27 (e) (f) |
|
6,000 |
|
5,745 |
| ||
|
Quest Diagnostics, Inc., 4.70%, due 04/01/21 |
|
5,128 |
|
5,531 |
| ||
|
Serta Simmons Holdings LLC, 144A, 8.125%, due 10/01/20 (e) |
|
4,990 |
|
5,414 |
| ||
|
GLP Capital, LP / GLP Financing II, Inc., 144A, 4.375%, due 11/01/18 (e) |
|
5,000 |
|
5,163 |
| ||
|
Bank of America Corp., 5.25%, due 12/01/15 |
|
3,283 |
|
3,469 |
| ||
|
Walter Energy, Inc., 9.875%, due 12/15/20 |
|
5,390 |
|
3,328 |
| ||
|
Walter Energy, Inc., 8.50%, due 04/15/21 |
|
5,000 |
|
2,800 |
| ||
|
Royal Caribbean Cruises, Ltd., 7.25%, due 06/15/16 |
|
2,450 |
|
2,701 |
| ||
|
Live Nation Entertainment, Inc., 144A, 5.375%, due 06/15/22 (e) |
|
2,000 |
|
2,025 |
| ||
|
CNO Financial Group, Inc., 144A, 6.375%, due 10/01/20 (e) |
|
1,230 |
|
1,328 |
| ||
|
Post Holdings, Inc., 7.375%, due 02/15/22 |
|
1,000 |
|
1,081 |
| ||
|
Post Holdings, Inc., 144A, 6.75%, due 12/01/21 (e) |
|
1,000 |
|
1,063 |
| ||
|
E*TRADE Financial Corp., 6.00%, due 11/15/17 |
|
1,000 |
|
1,040 |
| ||
|
Quiksilver, Inc. / QS Wholesale, Inc., 10.00%, due 08/01/20 |
|
1,000 |
|
1,005 |
| ||
|
Foot Locker, Inc., 8.50%, due 01/15/22 (b) |
|
395 |
|
480 |
| ||
|
Hologic, Inc., 6.25%, due 08/01/20 |
|
250 |
|
264 |
| ||
|
Tempur Sealy International, Inc., 6.875%, due 12/15/20 |
|
221 |
|
242 |
| ||
|
Total Corporate Bonds |
|
|
|
786,268 |
| ||
|
|
|
|
|
|
| ||
|
ASSET BACKED SECURITIES — 0.1% |
|
|
|
|
| ||
|
Cabela’s Master Credit Card Trust, 144A, 0.702%, due 10/15/19 (e) (f) (Cost $11,450) |
|
11,450 |
|
11,530 |
| ||
|
|
|
|
|
|
| ||
|
CONVERTIBLE BOND — 0.0%(g) |
|
|
|
|
| ||
|
Live Nation Entertainment, Inc., 2.875%, due 07/15/27 (Cost $834) |
|
828 |
|
827 |
| ||
|
TOTAL FIXED INCOME — 12.5% |
|
|
|
2,644,644 |
| ||
|
|
|
|
|
|
| ||
|
SHORT TERM INVESTMENTS— 22.7% |
|
|
|
|
| ||
|
COMMERCIAL PAPER — 15.7% |
|
|
|
|
| ||
|
Toyota Motor Credit Corp., 0.05% - 0.13%, due 07/03/14 - 09/09/14 (h) |
|
900,000 |
|
899,935 |
| ||
|
MetLife, Inc., 144A, 0.10% - 0.12%, due 07/07/14 - 08/26/14 (e) (h) |
|
502,000 |
|
501,957 |
| ||
|
BMW US Capital LLC, 144A, 0.07% - 0.11%, due 07/01/14 - 08/15/14 (e) (h) |
|
445,835 |
|
445,815 |
| ||
|
BP Capital Markets PLC, 144A, 0.06% - 0.10%, due 07/03/14 - 07/29/14 (e) (h) |
|
249,500 |
|
249,490 |
| ||
|
General Mills Inc., 144A, 0.13% - 0.19%, due 07/01/14 - 07/28/14 (e) (h) |
|
219,200 |
|
219,189 |
| ||
|
J.P. Morgan Securities LLC, 0.23% - 0.33%, due 07/01/14 - 12/18/14 (h) |
|
200,000 |
|
199,911 |
| ||
|
American Honda Finance Corp., 0.08% - 0.11%, due 07/09/14 - 08/06/14 (h) |
|
169,928 |
|
169,920 |
| ||
|
Chevron Corp., 144A, 0.06% - 0.07%, due 07/18/14 - 07/31/14 (e) (h) |
|
150,000 |
|
149,993 |
| ||
|
State Street Corp., 0.13% - 0.14%, due 08/11/14 - 09/12/14 (h) |
|
150,000 |
|
149,967 |
| ||
|
|
|
Par Value |
|
Value |
| ||
|
Kellogg Co., 144A, 0.14% - 0.15%, due 07/03/14 - 07/14/14 (e) (h) |
|
$ |
130,500 |
|
$ |
130,496 |
|
|
Wellpoint, Inc., 144A, 0.17% - 0.22%, due 07/02/14 - 09/02/14 (e) (h) |
|
125,600 |
|
125,590 |
| ||
|
John Deere Capital Co., 144A, 0.09%, due 07/21/14 (e) (h) |
|
50,000 |
|
49,997 |
| ||
|
General Electric Capital Corp., 0.07%, due 07/08/14 (h) |
|
25,000 |
|
25,000 |
| ||
|
Wal-mart Stores, Inc., 144A, 0.07%, due 07/07/14 (e) (h) |
|
6,140 |
|
6,140 |
| ||
|
Total Commercial Paper |
|
|
|
3,323,400 |
| ||
|
|
|
|
|
|
| ||
|
REPURCHASE AGREEMENT — 5.1% |
|
|
|
|
| ||
|
Fixed Income Clearing Corp. Repurchase Agreement, 0.00% dated 06/30/14 due 07/01/14, repurchase price $1,088,838, collateralized by Federal Home Loan Bank Bonds, 0.150% - 0.250%, due 01/16/15 - 03/30/15, aggregate value plus accrued interest of $13,101, by a Freddie Mac Discount Note, 0.000%, due 12/04/14, value plus accrued interest of $287,210, by a United States Treasury Bill, 0.000%, due 12/26/14, value plus accrued interest of $595,702, by a United States Treasury Bond, 11.250%, due 02/15/15, value plus accrued interest of $206,898, by United States Treasury Notes, 0.250% - 2.375%, due 02/28/15, aggregate value plus accrued interest of $7,708 (Cost: $1,088,838) |
|
1,088,838 |
|
1,088,838 |
| ||
|
|
|
|
|
|
| ||
|
CORPORATE BONDS — 1.9% |
|
|
|
|
| ||
|
Capital One Financial Corp., 2.13%, due 07/15/14 |
|
75,095 |
|
75,140 |
| ||
|
Capital One Financial Corp., 2.15%, due 03/23/15 |
|
67,933 |
|
68,758 |
| ||
|
Citigroup, Inc., 5.00%, due 09/15/14 |
|
53,700 |
|
54,175 |
| ||
|
Merrill Lynch & Co., Inc., 5.45%, due 07/15/14 |
|
43,637 |
|
43,717 |
| ||
|
Wells Fargo & Co., 1.25%, due 02/13/15 |
|
39,837 |
|
40,070 |
| ||
|
Bank of America Corp., 4.50%, due 04/01/15 |
|
37,334 |
|
38,448 |
| ||
|
Ford Motor Credit Co. LLC, 3.88%, due 01/15/15 |
|
31,481 |
|
32,045 |
| ||
|
Anheuser-Busch InBev Worldwide, Inc., 1.50%, due 07/14/14 |
|
18,200 |
|
18,207 |
| ||
|
Capital One Financial Corp., 5.50%, due 06/01/15 |
|
16,297 |
|
17,026 |
| ||
|
ConocoPhillips, 4.60%, due 01/15/15 |
|
10,826 |
|
11,068 |
| ||
|
General Electric Capital Corp., 0.12%, due 07/14/14 |
|
5,500 |
|
5,500 |
| ||
|
Total Corporate Bonds |
|
|
|
404,154 |
| ||
|
TOTAL SHORT TERM INVESTMENTS — 22.7% |
|
|
|
4,816,392 |
| ||
|
TOTAL INVESTMENTS — 99.7% |
|
|
|
21,096,305 |
| ||
|
Other Assets In Excess of Liabilities — 0.3% |
|
|
|
55,721 |
| ||
|
NET ASSETS — 100.0% |
|
|
|
$ |
21,152,026 |
| |
(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) See Note 1 in the Notes to Schedules of Investments regarding restricted securities. These securities may be resold subject to restrictions on resale under federal securities law.
(f) Floating Rate Note. Rate shown is as of June 30, 2014.
(g) Amount rounds to less than 0.1%.
(h) The rate shown represents the annualized yield at the time of purchase; not a coupon rate.
Key to Abbreviations:
CAD Canadian Dollar
OAKMARK GLOBAL FUND
Global Diversification —June 30, 2014 (Unaudited)
|
|
|
|
|
% of Equity Investments |
|
|
North America 43.5% |
|
|
|
|
|
|
|
|
United States |
|
43.5 |
% |
|
Europe 38.4% |
|
|
|
|
|
|
|
|
Switzerland |
|
18.2 |
% |
|
|
* |
Netherlands |
|
8.9 |
% |
|
|
|
United Kingdom |
|
4.5 |
% |
|
|
* |
Germany |
|
4.2 |
% |
|
|
* |
France |
|
2.6 |
% |
|
Asia 15.5% |
|
|
|
|
|
|
|
|
Japan |
|
13.0 |
% |
|
|
|
South Korea |
|
2.5 |
% |
|
Australasia 2.6% |
|
|
|
|
|
|
|
|
Australia |
|
2.6 |
% |
* Euro currency countries comprise 15.7% of equity investments.
|
Oakmark Global Fund |
|
June 30, 2014 (Unaudited) |
|
Schedule of Investments (in thousands) |
|
|
|
|
|
Shares |
|
Value |
| |
|
COMMON STOCKS— 97.6% |
|
|
|
|
| |
|
INFORMATION TECHNOLOGY — 23.0% |
|
|
|
|
| |
|
TECHNOLOGY HARDWARE & EQUIPMENT — 8.4% |
|
|
|
|
| |
|
TE Connectivity, Ltd. (Switzerland) |
|
2,202 |
|
$ |
136,147 |
|
|
Electronic Manufacturing Services |
|
|
|
|
| |
|
Canon, Inc. (Japan) |
|
2,589 |
|
84,218 |
| |
|
Technology Hardware, Storage & Peripherals |
|
|
|
|
| |
|
Hirose Electric Co., Ltd. (Japan) |
|
419 |
|
62,217 |
| |
|
Electronic Components |
|
|
|
|
| |
|
Itron, Inc. (United States) (a) |
|
700 |
|
28,401 |
| |
|
Electronic Equipment & Instruments |
|
|
|
|
| |
|
|
|
|
|
310,983 |
| |
|
SOFTWARE & SERVICES — 7.7% |
|
|
|
|
| |
|
Oracle Corp. (United States) |
|
4,303 |
|
174,404 |
| |
|
Systems Software |
|
|
|
|
| |
|
MasterCard, Inc., Class A (United States) |
|
1,510 |
|
110,918 |
| |
|
Data Processing & Outsourced Services |
|
|
|
|
| |
|
|
|
|
|
285,322 |
| |
|
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 6.9% |
|
|
|
|
| |
|
Samsung Electronics Co., Ltd. (South Korea) |
|
69 |
|
89,501 |
| |
|
Semiconductors |
|
|
|
|
| |
|
Applied Materials, Inc. (United States) |
|
3,822 |
|
86,184 |
| |
|
Semiconductor Equipment |
|
|
|
|
| |
|
Intel Corp. (United States) |
|
2,548 |
|
78,721 |
| |
|
Semiconductors |
|
|
|
|
| |
|
|
|
|
|
254,406 |
| |
|
|
|
|
|
850,711 |
| |
|
FINANCIALS — 19.2% |
|
|
|
|
| |
|
DIVERSIFIED FINANCIALS — 13.8% |
|
|
|
|
| |
|
Credit Suisse Group (Switzerland) |
|
5,985 |
|
171,157 |
| |
|
Diversified Capital Markets |
|
|
|
|
| |
|
Julius Baer Group, Ltd. (Switzerland) |
|
3,075 |
|
126,785 |
| |
|
Asset Management & Custody Banks |
|
|
|
|
| |
|
Daiwa Securities Group, Inc. (Japan) |
|
13,105 |
|
113,450 |
| |
|
Investment Banking & Brokerage |
|
|
|
|
| |
|
Franklin Resources, Inc. (United States) |
|
1,697 |
|
98,132 |
| |
|
Asset Management & Custody Banks |
|
|
|
|
| |
|
|
|
|
|
509,524 |
| |
|
BANKS — 5.4% |
|
|
|
|
| |
|
Bank of America Corp. (United States) |
|
7,279 |
|
111,875 |
| |
|
Diversified Banks |
|
|
|
|
| |
|
Citigroup, Inc. (United States) |
|
1,902 |
|
89,561 |
| |
|
Diversified Banks |
|
|
|
|
| |
|
|
|
|
|
201,436 |
| |
|
|
|
|
|
710,960 |
| |
|
INDUSTRIALS — 17.2% |
|
|
|
|
| |
|
CAPITAL GOODS — 9.0% |
|
|
|
|
| |
|
CNH Industrial N.V. (Netherlands) |
|
12,078 |
|
124,039 |
| |
|
Construction Machinery & Heavy Trucks |
|
|
|
|
| |
|
Koninklijke Philips NV (Netherlands) |
|
2,900 |
|
92,024 |
| |
|
Industrial Conglomerates |
|
|
|
|
| |
|
Rheinmetall AG (Germany) |
|
836 |
|
|
59,162 |
|
|
Industrial Conglomerates |
|
|
|
|
| |
|
Smiths Group PLC (UK) |
|
1,698 |
|
37,692 |
| |
|
Industrial Conglomerates |
|
|
|
|
| |
|
Travis Perkins PLC (UK) |
|
639 |
|
17,911 |
| |
|
Trading Companies & Distributors |
|
|
|
|
| |
|
NOW, Inc. (United States) (a) |
|
89 |
|
3,221 |
| |
|
Trading Companies & Distributors |
|
|
|
|
| |
|
|
|
|
|
334,049 |
| |
|
TRANSPORTATION — 7.2% |
|
|
|
|
| |
|
Union Pacific Corp. (United States) |
|
1,102 |
|
109,894 |
| |
|
Railroads |
|
|
|
|
| |
|
FedEx Corp. (United States) |
|
586 |
|
88,748 |
| |
|
Air Freight & Logistics |
|
|
|
|
| |
|
Kuehne + Nagel International AG (Switzerland) |
|
505 |
|
67,170 |
| |
|
Marine |
|
|
|
|
| |
|
|
|
|
|
265,812 |
| |
|
COMMERCIAL & PROFESSIONAL SERVICES — 1.0% |
|
|
|
|
| |
|
Adecco SA (Switzerland) |
|
424 |
|
34,895 |
| |
|
Human Resource & Employment Services |
|
|
|
|
| |
|
|
|
|
|
634,756 |
| |
|
CONSUMER DISCRETIONARY — 14.4% |
|
|
|
|
| |
|
AUTOMOBILES & COMPONENTS — 10.7% |
|
|
|
|
| |
|
General Motors Co. (United States) |
|
3,585 |
|
130,143 |
| |
|
Automobile Manufacturers |
|
|
|
|
| |
|
Toyota Motor Corp. (Japan) |
|
2,055 |
|
123,415 |
| |
|
Automobile Manufacturers |
|
|
|
|
| |
|
Daimler AG (Germany) |
|
988 |
|
92,527 |
| |
|
Automobile Manufacturers |
|
|
|
|
| |
|
Yamaha Motor Co., Ltd. (Japan) |
|
2,937 |
|
50,536 |
| |
|
Motorcycle Manufacturers |
|
|
|
|
| |
|
|
|
|
|
396,621 |
| |
|
MEDIA — 3.7% |
|
|
|
|
| |
|
The Interpublic Group of Cos., Inc. (United States) |
|
3,751 |
|
73,186 |
| |
|
Advertising |
|
|
|
|
| |
|
Live Nation Entertainment, Inc. (United States) (a) |
|
2,551 |
|
62,978 |
| |
|
Movies & Entertainment |
|
|
|
|
| |
|
|
|
|
|
136,164 |
| |
|
|
|
|
|
532,785 |
| |
|
CONSUMER STAPLES — 7.0% |
|
|
|
|
| |
|
FOOD, BEVERAGE & TOBACCO — 7.0% |
|
|
|
|
| |
|
Diageo PLC (UK) |
|
3,285 |
|
104,915 |
| |
|
Distillers & Vintners |
|
|
|
|
| |
|
Danone SA (France) |
|
1,277 |
|
94,877 |
| |
|
Packaged Foods & Meats |
|
|
|
|
| |
|
|
|
Shares |
|
Value |
| |
|
Nestle SA (Switzerland) |
|
743 |
|
$ |
57,591 |
|
|
Packaged Foods & Meats |
|
|
|
|
| |
|
|
|
|
|
257,383 |
| |
|
HEALTH CARE — 6.1% |
|
|
|
|
| |
|
HEALTH CARE EQUIPMENT & SERVICES — 6.1% |
|
|
|
|
| |
|
Tenet Healthcare Corp. (United States) (a) |
|
1,958 |
|
91,931 |
| |
|
Health Care Facilities |
|
|
|
|
| |
|
Health Net, Inc. (United States) (a) |
|
1,997 |
|
82,960 |
| |
|
Managed Health Care |
|
|
|
|
| |
|
Laboratory Corp. of America Holdings (United States) (a) |
|
499 |
|
51,087 |
| |
|
Health Care Services |
|
|
|
|
| |
|
|
|
|
|
225,978 |
| |
|
MATERIALS — 5.6% |
|
|
|
|
| |
|
Incitec Pivot, Ltd. (Australia) |
|
34,508 |
|
94,365 |
| |
|
Diversified Chemicals |
|
|
|
|
| |
|
Holcim, Ltd. (Switzerland) |
|
727 |
|
63,859 |
| |
|
Construction Materials |
|
|
|
|
| |
|
Kansai Paint Co., Ltd. (Japan) |
|
2,056 |
|
34,358 |
| |
|
Specialty Chemicals |
|
|
|
|
| |
|
Akzo Nobel NV (Netherlands) |
|
180 |
|
13,505 |
| |
|
Specialty Chemicals |
|
|
|
|
| |
|
|
|
|
|
206,087 |
| |
|
ENERGY — 5.1% |
|
|
|
|
| |
|
National Oilwell Varco, Inc. (United States) |
|
1,186 |
|
97,692 |
| |
|
Oil & Gas Equipment & Services |
|
|
|
|
| |
|
Fugro NV (Netherlands) |
|
1,580 |
|
90,478 |
| |
|
Oil & Gas Equipment & Services |
|
|
|
|
| |
|
|
|
|
|
188,170 |
| |
|
TOTAL COMMON STOCKS — 97.6% |
|
|
|
3,606,830 |
| |
|
|
|
Par Value |
|
Value |
| ||
|
SHORT TERM INVESTMENT— 1.6% |
|
|
|
|
| ||
|
REPURCHASE AGREEMENT — 1.6% |
|
|
|
|
| ||
|
Fixed Income Clearing Corp. Repurchase Agreement, 0.00% dated 06/30/14 due 07/01/14, repurchase price $58,305, collateralized by a United States Treasury Note, 1.250%, due 11/30/18, value plus accrued interest of $59,476 (Cost: $58,305) |
|
$ |
58,305 |
|
58,305 |
| |
|
TOTAL SHORT TERM INVESTMENTS — 1.6% |
|
|
|
58,305 |
| ||
|
TOTAL INVESTMENTS — 99.2% |
|
|
|
3,665,135 |
| ||
|
Other Assets In Excess of Liabilities — 0.8% |
|
|
|
28,790 |
| ||
|
TOTAL NET ASSETS — 100.0% |
|
|
|
$ |
3,693,925 |
| |
(a) Non-income producing security
OAKMARK GLOBAL SELECT FUND
Global Diversification —June 30, 2014 (Unaudited)
|
|
|
|
|
|
|
% of Equity Investments |
|
|
North America 49.8% |
|
|
|
|
|
|
|
|
|
|
United States |
|
|
|
49.8 |
% |
|
Europe 39.6% |
|
|
|
|
|
|
|
|
|
|
Switzerland |
|
|
|
14.2 |
% |
|
|
* |
France |
|
|
|
10.4 |
% |
|
|
* |
Netherlands |
|
|
|
5.5 |
% |
|
|
|
United Kingdom |
|
|
|
5.3 |
% |
|
|
* |
Germany |
|
|
|
4.2 |
% |
|
Asia 10.6% |
|
|
|
|
|
|
|
|
|
|
Japan |
|
|
|
10.6 |
% |
* Euro currency countries comprise 20.1% of equity investments.
|
Oakmark Global Select Fund |
|
June 30, 2014 (Unaudited) |
|
Schedule of Investments (in thousands) |
|
|
|
|
|
Shares |
|
Value |
| |
|
COMMON STOCKS— 92.8% |
|
|
|
|
| |
|
FINANCIALS — 28.6% |
|
|
|
|
| |
|
DIVERSIFIED FINANCIALS — 14.6% |
|
|
|
|
| |
|
Daiwa Securities Group, Inc. (Japan) |
|
11,963 |
|
$ |
103,564 |
|
|
Investment Banking & Brokerage |
|
|
|
|
| |
|
Credit Suisse Group (Switzerland) |
|
3,393 |
|
97,041 |
| |
|
Diversified Capital Markets |
|
|
|
|
| |
|
Capital One Financial Corp. (United States) |
|
1,077 |
|
88,960 |
| |
|
Consumer Finance |
|
|
|
|
| |
|
|
|
|
|
289,565 |
| |
|
BANKS — 9.2% |
|
|
|
|
| |
|
JPMorgan Chase & Co. (United States) |
|
1,642 |
|
94,612 |
| |
|
Diversified Banks |
|
|
|
|
| |
|
Bank of America Corp. (United States) |
|
5,687 |
|
87,409 |
| |
|
Diversified Banks |
|
|
|
|
| |
|
|
|
|
|
182,021 |
| |
|
INSURANCE — 4.8% |
|
|
|
|
| |
|
American International Group, Inc. (United States) |
|
1,727 |
|
94,260 |
| |
|
Multi-line Insurance |
|
|
|
|
| |
|
|
|
|
|
565,846 |
| |
|
INFORMATION TECHNOLOGY — 23.1% |
|
|
|
|
| |
|
SOFTWARE & SERVICES — 9.6% |
|
|
|
|
| |
|
Oracle Corp. (United States) |
|
2,345 |
|
95,043 |
| |
|
Systems Software |
|
|
|
|
| |
|
Google, Inc., Class A (United States) (a) |
|
162 |
|
94,716 |
| |
|
Internet Software & Services |
|
|
|
|
| |
|
|
|
|
|
189,759 |
| |
|
TECHNOLOGY HARDWARE & EQUIPMENT — 8.9% |
|
|
|
|
| |
|
Canon, Inc. (Japan) |
|
2,808 |
|
91,373 |
| |
|
Technology Hardware, Storage & Peripherals |
|
|
|
|
| |
|
TE Connectivity, Ltd. (Switzerland) |
|
1,374 |
|
84,962 |
| |
|
Electronic Manufacturing Services |
|
|
|
|
| |
|
|
|
|
|
176,335 |
| |
|
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 4.6% |
|
|
|
|
| |
|
Intel Corp. (United States) |
|
2,922 |
|
90,290 |
| |
|
Semiconductors |
|
|
|
|
| |
|
|
|
|
|
456,384 |
| |
|
INDUSTRIALS — 13.7% |
|
|
|
|
| |
|
TRANSPORTATION — 8.7% |
|
|
|
|
| |
|
FedEx Corp. (United States) |
|
616 |
|
93,250 |
| |
|
Air Freight & Logistics |
|
|
|
|
| |
|
Kuehne + Nagel International AG (Switzerland) |
|
591 |
|
78,653 |
| |
|
Marine |
|
|
|
|
| |
|
|
|
|
|
171,903 |
| |
|
CAPITAL GOODS — 5.0% |
|
|
|
|
| |
|
CNH Industrial N.V. (Netherlands) |
|
9,742 |
|
100,051 |
| |
|
Construction Machinery & Heavy Trucks |
|
|
|
|
| |
|
|
|
|
|
271,954 |
| |
|
CONSUMER DISCRETIONARY — 13.1% |
|
|
|
|
| |
|
CONSUMER DURABLES & APPAREL — 4.9% |
|
|
|
|
| |
|
Kering (France) |
|
443 |
|
|
97,213 |
|
|
Apparel, Accessories & Luxury Goods |
|
|
|
|
| |
|
RETAILING — 4.3% |
|
|
|
|
| |
|
Liberty Interactive Corp., Class A (United States) (a) |
|
2,855 |
|
83,823 |
| |
|
Catalog Retail |
|
|
|
|
| |
|
AUTOMOBILES & COMPONENTS — 3.9% |
|
|
|
|
| |
|
Daimler AG (Germany) |
|
830 |
|
77,719 |
| |
|
Automobile Manufacturers |
|
|
|
|
| |
|
|
|
|
|
258,755 |
| |
|
CONSUMER STAPLES — 9.7% |
|
|
|
|
| |
|
FOOD, BEVERAGE & TOBACCO — 9.7% |
|
|
|
|
| |
|
Diageo PLC (UK) |
|
3,073 |
|
98,145 |
| |
|
Distillers & Vintners |
|
|
|
|
| |
|
Danone SA (France) |
|
1,265 |
|
93,927 |
| |
|
Packaged Foods & Meats |
|
|
|
|
| |
|
|
|
|
|
192,072 |
| |
|
HEALTH CARE — 4.6% |
|
|
|
|
| |
|
HEALTH CARE EQUIPMENT & SERVICES — 4.6% |
|
|
|
|
| |
|
Medtronic, Inc. (United States) |
|
1,429 |
|
91,113 |
| |
|
Health Care Equipment |
|
|
|
|
| |
|
TOTAL COMMON STOCKS — 92.8% |
|
|
|
1,836,124 |
| |
|
|
|
Par Value |
|
Value |
| ||
|
SHORT TERM INVESTMENTS— 5.9% |
|
|
|
|
| ||
|
REPURCHASE AGREEMENT — 5.9% |
|
|
|
|
| ||
|
Fixed Income Clearing Corp. Repurchase Agreement, 0.00% dated 06/30/14 due 07/01/14, repurchase price $116,517, collateralized by a Federal National Mortgage Association Bond, 1.670%, due 11/20/18, value plus accrued interest of $96,830, by a United States Treasury Note, 1.250%, due 11/30/18, value plus accrued interest of $22,019 (Cost: $116,517) |
|
$ |
116,517 |
|
116,517 |
| |
|
TOTAL SHORT TERM INVESTMENTS — 5.9% |
|
|
|
116,517 |
| ||
|
TOTAL INVESTMENTS — 98.7% |
|
|
|
1,952,641 |
| ||
|
Other Assets In Excess of Liabilities — 1.3% |
|
|
|
25,284 |
| ||
|
TOTAL NET ASSETS — 100.0% |
|
|
|
$ |
1,977,925 |
| |
(a) Non-income producing security
OAKMARK INTERNATIONAL FUND
Global Diversification —June 30, 2014 (Unaudited)
|
|
|
|
|
% of Equity Investments |
| ||
|
Europe 77.9% |
|
|
|
|
|
|
|
|
|
|
Switzerland |
|
|
|
16.7 |
% |
|
|
|
United Kingdom |
|
|
|
16.3 |
% |
|
|
* |
France |
|
|
|
15.8 |
% |
|
|
* |
Germany |
|
|
|
10.7 |
% |
|
|
* |
Netherlands |
|
|
|
7.7 |
% |
|
|
|
Sweden |
|
|
|
4.8 |
% |
|
|
* |
Italy |
|
|
|
3.3 |
% |
|
|
* |
Ireland |
|
|
|
2.6 |
% |
|
Asia 16.5% |
|
|
|
|
|
|
|
|
|
|
Japan |
|
|
|
14.3 |
% |
|
|
|
South Korea |
|
|
|
2.2 |
% |
|
Australasia 4.3% |
|
|
|
|
|
|
|
|
|
|
Australia |
|
|
|
4.3 |
% |
|
North America 0.7% |
|
|
|
|
|
|
|
|
|
|
Canada |
|
|
|
0.7 |
% |
|
Middle East 0.6% |
|
|
|
|
|
|
|
|
|
|
Israel |
|
|
|
0.6 |
% |
* Euro currency countries comprise 40.1% of equity investments.
|
Oakmark International Fund |
|
June 30, 2014 (Unaudited) |
|
Schedule of Investments (in thousands) |
|
|
|
|
|
Shares |
|
Value |
| |
|
COMMON STOCKS— 95.5% |
|
|
|
|
| |
|
FINANCIALS — 24.7% |
|
|
|
|
| |
|
DIVERSIFIED FINANCIALS — 8.7% |
|
|
|
|
| |
|
Credit Suisse Group (Switzerland) |
|
56,697 |
|
$ |
1,621,363 |
|
|
Diversified Capital Markets |
|
|
|
|
| |
|
Daiwa Securities Group, Inc. (Japan) |
|
87,280 |
|
755,585 |
| |
|
Investment Banking & Brokerage |
|
|
|
|
| |
|
Schroders PLC (UK) |
|
10,911 |
|
467,942 |
| |
|
Asset Management & Custody Banks |
|
|
|
|
| |
|
Schroders PLC, Non-Voting (UK) |
|
31 |
|
1,035 |
| |
|
Asset Management & Custody Banks |
|
|
|
|
| |
|
|
|
|
|
2,845,925 |
| |
|
BANKS — 8.3% |
|
|
|
|
| |
|
BNP Paribas SA (France) |
|
15,985 |
|
1,084,453 |
| |
|
Diversified Banks |
|
|
|
|
| |
|
Lloyds Banking Group PLC (UK) (a) |
|
676,382 |
|
859,488 |
| |
|
Diversified Banks |
|
|
|
|
| |
|
Intesa Sanpaolo SPA (Italy) |
|
252,157 |
|
778,948 |
| |
|
Diversified Banks |
|
|
|
|
| |
|
|
|
|
|
2,722,889 |
| |
|
INSURANCE — 7.7% |
|
|
|
|
| |
|
Allianz SE (Germany) |
|
6,844 |
|
1,140,494 |
| |
|
Multi-line Insurance |
|
|
|
|
| |
|
AMP, Ltd. (Australia) |
|
144,477 |
|
722,044 |
| |
|
Life & Health Insurance |
|
|
|
|
| |
|
Willis Group Holdings PLC (UK) (b) |
|
15,241 |
|
659,953 |
| |
|
Insurance Brokers |
|
|
|
|
| |
|
|
|
|
|
2,522,491 |
| |
|
|
|
|
|
8,091,305 |
| |
|
CONSUMER DISCRETIONARY — 24.2% |
|
|
|
|
| |
|
AUTOMOBILES & COMPONENTS — 11.7% |
|
|
|
|
| |
|
Honda Motor Co., Ltd. (Japan) |
|
30,786 |
|
1,074,870 |
| |
|
Automobile Manufacturers |
|
|
|
|
| |
|
Toyota Motor Corp. (Japan) |
|
17,497 |
|
1,050,793 |
| |
|
Automobile Manufacturers |
|
|
|
|
| |
|
Bayerische Motoren Werke (BMW) AG (Germany) |
|
6,974 |
|
884,424 |
| |
|
Automobile Manufacturers |
|
|
|
|
| |
|
Daimler AG (Germany) |
|
8,651 |
|
810,207 |
| |
|
Automobile Manufacturers |
|
|
|
|
| |
|
|
|
|
|
3,820,294 |
| |
|
CONSUMER DURABLES & APPAREL — 8.6% |
|
|
|
|
| |
|
Cie Financiere Richemont SA (Switzerland) |
|
8,629 |
|
905,412 |
| |
|
Apparel, Accessories & Luxury Goods |
|
|
|
|
| |
|
Kering (France) |
|
3,972 |
|
871,033 |
| |
|
Apparel, Accessories & Luxury Goods |
|
|
|
|
| |
|
LVMH Moet Hennessy Louis Vuitton SA (France) |
|
3,104 |
|
598,354 |
| |
|
Apparel, Accessories & Luxury Goods |
|
|
|
|
| |
|
Prada SPA (Italy) |
|
33,428 |
|
237,648 |
| |
|
Apparel, Accessories & Luxury Goods |
|
|
|
|
| |
|
Christian Dior SA (France) |
|
1,093 |
|
|
217,410 |
|
|
Apparel, Accessories & Luxury Goods |
|
|
|
|
| |
|
|
|
|
|
2,829,857 |
| |
|
MEDIA — 2.1% |
|
|
|
|
| |
|
WPP PLC (UK) |
|
14,425 |
|
314,514 |
| |
|
Advertising |
|
|
|
|
| |
|
Thomson Reuters Corp. (Canada) |
|
5,787 |
|
210,694 |
| |
|
Publishing |
|
|
|
|
| |
|
Publicis Groupe SA (France) |
|
2,104 |
|
178,488 |
| |
|
Advertising |
|
|
|
|
| |
|
|
|
|
|
703,696 |
| |
|
RETAILING — 1.8% |
|
|
|
|
| |
|
Hennes & Mauritz AB (H&M) - Class B (Sweden) |
|
13,236 |
|
578,428 |
| |
|
Apparel Retail |
|
|
|
|
| |
|
|
|
|
|
7,932,275 |
| |
|
INDUSTRIALS — 17.2% |
|
|
|
|
| |
|
CAPITAL GOODS — 11.0% |
|
|
|
|
| |
|
CNH Industrial N.V. (Netherlands) |
|
90,121 |
|
925,518 |
| |
|
Construction Machinery & Heavy Trucks |
|
|
|
|
| |
|
Koninklijke Philips NV (Netherlands) |
|
23,628 |
|
749,797 |
| |
|
Industrial Conglomerates |
|
|
|
|
| |
|
SKF AB (Sweden) (b) |
|
22,900 |
|
584,373 |
| |
|
Industrial Machinery |
|
|
|
|
| |
|
Smiths Group PLC (UK) |
|
17,995 |
|
399,433 |
| |
|
Industrial Conglomerates |
|
|
|
|
| |
|
Atlas Copco AB, Series B (Sweden) |
|
12,106 |
|
323,422 |
| |
|
Industrial Machinery |
|
|
|
|
| |
|
Safran SA (France) |
|
4,400 |
|
288,062 |
| |
|
Aerospace & Defense |
|
|
|
|
| |
|
Schindler Holding AG (Switzerland) |
|
1,377 |
|
209,314 |
| |
|
Industrial Machinery |
|
|
|
|
| |
|
Wolseley PLC (UK) |
|
1,993 |
|
109,226 |
| |
|
Trading Companies & Distributors |
|
|
|
|
| |
|
Meggitt PLC (UK) |
|
991 |
|
8,582 |
| |
|
Aerospace & Defense |
|
|
|
|
| |
|
Geberit AG (Switzerland) |
|
11 |
|
3,845 |
| |
|
Building Products |
|
|
|
|
| |
|
|
|
|
|
3,601,572 |
| |
|
COMMERCIAL & PROFESSIONAL SERVICES — 4.1% |
|
|
|
|
| |
|
Experian Group, Ltd. (Ireland) |
|
48,987 |
|
828,296 |
| |
|
Research & Consulting Services |
|
|
|
|
| |
|
Adecco SA (Switzerland) |
|
3,714 |
|
305,722 |
| |
|
Human Resource & Employment Services |
|
|
|
|
| |
|
Secom Co., Ltd. (Japan) |
|
1,950 |
|
119,126 |
| |
|
Security & Alarm Services |
|
|
|
|
| |
|
Meitec Corp. (Japan) (b) |
|
2,423 |
|
75,587 |
| |
|
Research & Consulting Services |
|
|
|
|
| |
|
|
|
|
|
1,328,731 |
| |
|
|
|
Shares |
|
Value |
| |
|
TRANSPORTATION — 2.1% |
|
|
|
|
| |
|
Kuehne + Nagel International AG (Switzerland) |
|
5,222 |
|
$ |
694,893 |
|
|
Marine |
|
|
|
|
| |
|
|
|
|
|
5,625,196 |
| |
|
CONSUMER STAPLES — 13.8% |
|
|
|
|
| |
|
FOOD, BEVERAGE & TOBACCO — 10.7% |
|
|
|
|
| |
|
Diageo PLC (UK) |
|
28,330 |
|
904,695 |
| |
|
Distillers & Vintners |
|
|
|
|
| |
|
Danone SA (France) |
|
11,489 |
|
853,318 |
| |
|
Packaged Foods & Meats |
|
|
|
|
| |
|
Pernod Ricard SA (France) (c) |
|
5,487 |
|
658,921 |
| |
|
Distillers & Vintners |
|
|
|
|
| |
|
Nestle SA (Switzerland) |
|
8,043 |
|
623,124 |
| |
|
Packaged Foods & Meats |
|
|
|
|
| |
|
Heineken Holdings NV (Netherlands) |
|
7,324 |
|
481,502 |
| |
|
Brewers |
|
|
|
|
| |
|
|
|
|
|
3,521,560 |
| |
|
FOOD & STAPLES RETAILING — 3.1% |
|
|
|
|
| |
|
Tesco PLC (UK) |
|
180,109 |
|
876,014 |
| |
|
Food Retail |
|
|
|
|
| |
|
Koninklijke Ahold NV (Netherlands) |
|
7,449 |
|
139,843 |
| |
|
Food Retail |
|
|
|
|
| |
|
|
|
|
|
1,015,857 |
| |
|
|
|
|
|
4,537,417 |
| |
|
INFORMATION TECHNOLOGY — 7.1% |
|
|
|
|
| |
|
TECHNOLOGY HARDWARE & EQUIPMENT — 2.8% |
|
|
|
|
| |
|
Canon, Inc. (Japan) |
|
24,232 |
|
788,395 |
| |
|
Technology Hardware, Storage & Peripherals |
|
|
|
|
| |
|
OMRON Corp. (Japan) |
|
3,083 |
|
129,952 |
| |
|
Electronic Components |
|
|
|
|
| |
|
|
|
|
|
918,347 |
| |
|
SOFTWARE & SERVICES — 2.2% |
|
|
|
|
| |
|
SAP AG (Germany) |
|
6,764 |
|
522,397 |
| |
|
Application Software |
|
|
|
|
| |
|
Check Point Software Technologies, Ltd. (Israel) (a) |
|
2,851 |
|
191,103 |
| |
|
Systems Software |
|
|
|
|
| |
|
|
|
|
|
713,500 |
| |
|
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 2.1% |
|
|
|
|
| |
|
Samsung Electronics Co., Ltd. (South Korea) |
|
527 |
|
688,203 |
| |
|
Semiconductors |
|
|
|
|
| |
|
|
|
|
|
2,320,050 |
| |
|
MATERIALS — 4.6% |
|
|
|
|
| |
|
Holcim, Ltd. (Switzerland) |
|
7,152 |
|
628,681 |
| |
|
Construction Materials |
|
|
|
|
| |
|
Orica, Ltd. (Australia) (b) |
|
34,085 |
|
626,100 |
| |
|
Commodity Chemicals |
|
|
|
|
| |
|
Givaudan SA (Switzerland) |
|
81 |
|
|
134,451 |
|
|
Specialty Chemicals |
|
|
|
|
| |
|
Akzo Nobel NV (Netherlands) |
|
1,679 |
|
125,898 |
| |
|
Specialty Chemicals |
|
|
|
|
| |
|
|
|
|
|
1,515,130 |
| |
|
HEALTH CARE — 3.9% |
|
|
|
|
| |
|
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES — 2.4% |
|
|
|
|
| |
|
GlaxoSmithKline PLC (UK) |
|
18,407 |
|
492,685 |
| |
|
Pharmaceuticals |
|
|
|
|
| |
|
Sanofi (France) |
|
1,909 |
|
202,794 |
| |
|
Pharmaceuticals |
|
|
|
|
| |
|
Novartis AG (Switzerland) |
|
1,086 |
|
98,292 |
| |
|
Pharmaceuticals |
|
|
|
|
| |
|
|
|
|
|
793,771 |
| |
|
HEALTH CARE EQUIPMENT & SERVICES — 1.5% |
|
|
|
|
| |
|
Olympus Corp. (Japan) (a) |
|
14,006 |
|
482,509 |
| |
|
Health Care Equipment |
|
|
|
|
| |
|
|
|
|
|
1,276,280 |
| |
|
TOTAL COMMON STOCKS — 95.5% |
|
|
|
31,297,653 |
| |
|
|
|
Par Value |
|
Value |
| |
|
SHORT TERM INVESTMENTS— 4.0% |
|
|
|
|
| |
|
REPURCHASE AGREEMENT — 2.6% |
|
|
|
|
| |
|
Fixed Income Clearing Corp. Repurchase Agreement, 0.00% dated 06/30/14 due 07/01/14, repurchase price $835,536, collateralized by a Federal National Mortgage Association Bond, 5.355%, due 11/24/17, value plus accrued interest of $13,316, by United States Treasury Notes, 0.625% - 2.250%, due 11/30/17 - 03/31/18, aggregate value plus accrued interest of $838,936 (Cost: $835,536) |
|
$ |
835,536 |
|
835,536 |
|
|
GOVERNMENT AND AGENCY SECURITIES — 0.8% |
|
|
|
|
| |
|
United States Treasury Floating Rate Note, 0.109%, due 04/30/16 (d) (Cost $250,000) |
|
250,000 |
|
250,065 |
| |
|
COMMERCIAL PAPER — 0.6% |
|
|
|
|
| |
|
J.P. Morgan Securities LLC, 0.23%, due 12/17/14 - 12/29/14 (e) |
|
150,000 |
|
149,845 |
| |
|
J.P. Morgan Securities LLC, 144A, 0.33%, due 07/17/14 (e) (f) |
|
50,000 |
|
49,993 |
| |
|
Total Commercial Paper |
|
|
|
199,838 |
| |
|
TOTAL SHORT TERM INVESTMENTS — 4.0% |
|
|
|
1,285,439 |
| |
|
TOTAL INVESTMENTS — 99.5% |
|
|
|
32,583,092 |
| |
|
Foreign Currencies (Cost $-1,992) — 0.0% (g) |
|
|
|
(1,992 |
) | |
|
Other Assets In Excess of Liabilities — 0.5% |
|
|
|
178,034 |
| |
|
TOTAL NET ASSETS — 100.0% |
|
|
|
$ |
32,759,134 |
|
(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.
(d) Floating Rate Note. Rate shown is as of June 30, 2014.
(e) The rate shown represents the annualized yield at the time of purchase; not a coupon rate.
(f) See Note 1 in the Notes to Financial Statements regarding restricted securities. These securities may be resold subject to restrictions on resale under federal securities law.
(g) Amount rounds to less than 0.1%.
OAKMARK INTERNATIONAL SMALL CAP FUND
Global Diversification —June 30, 2014 (Unaudited)
|
|
|
|
|
% of Equity Investments |
|
|
Europe 57.3% |
|
|
|
|
|
|
|
|
Switzerland |
|
15.3 |
% |
|
|
|
United Kingdom |
|
13.9 |
% |
|
|
* |
Italy |
|
6.8 |
% |
|
|
* |
Germany |
|
5.7 |
% |
|
|
* |
France |
|
4.7 |
% |
|
|
* |
Netherlands |
|
3.8 |
% |
|
|
* |
Finland |
|
2.8 |
% |
|
|
|
Norway |
|
2.7 |
% |
|
|
|
Denmark |
|
1.4 |
% |
|
|
* |
Greece |
|
0.2 |
% |
|
Asia 25.2% |
|
|
|
|
|
|
|
|
Japan |
|
17.8 |
% |
|
|
|
South Korea |
|
6.0 |
% |
|
|
|
Hong Kong |
|
1.4 |
% |
|
Australasia 13.2% |
|
|
|
|
|
|
|
|
Australia |
|
12.1 |
% |
|
|
|
New Zealand |
|
1.1 |
% |
|
Latin America 1.8% |
|
|
|
|
|
|
|
|
Brazil |
|
1.8 |
% |
|
North America 1.3% |
|
|
|
|
|
|
|
|
United States |
|
0.9 |
% |
|
|
|
Canada |
|
0.4 |
% |
|
Middle East 1.2% |
|
|
|
|
|
|
|
|
Israel |
|
1.2 |
% |
* Euro currency countries comprise 24.0% of equity investments.
|
Oakmark International Small Cap Fund |
June 30, 2014 (Unaudited) |
|
Schedule of Investments (in thousands) |
|
|
|
|
Shares |
|
Value |
| |
|
COMMON STOCKS— 94.3% |
|
|
|
|
| |
|
INDUSTRIALS — 32.8% |
|
|
|
|
| |
|
CAPITAL GOODS — 18.5% |
|
|
|
|
| |
|
MTU Aero Engines AG (Germany) |
|
927 |
|
$ |
85,287 |
|
|
Aerospace & Defense |
|
|
|
|
| |
|
Konecranes OYJ (Finland) |
|
2,562 |
|
82,713 |
| |
|
Industrial Machinery |
|
|
|
|
| |
|
Sulzer AG (Switzerland) |
|
537 |
|
75,316 |
| |
|
Industrial Machinery |
|
|
|
|
| |
|
Morgan Advanced Materials PLC (UK) |
|
10,627 |
|
58,980 |
| |
|
Industrial Machinery |
|
|
|
|
| |
|
Travis Perkins PLC (UK) |
|
2,057 |
|
57,667 |
| |
|
Trading Companies & Distributors |
|
|
|
|
| |
|
Prysmian SpA (Italy) |
|
2,506 |
|
56,612 |
| |
|
Electrical Components & Equipment |
|
|
|
|
| |
|
Saft Groupe SA (France) (b) |
|
1,428 |
|
54,799 |
| |
|
Electrical Components & Equipment |
|
|
|
|
| |
|
Rheinmetall AG (Germany) |
|
724 |
|
51,261 |
| |
|
Industrial Conglomerates |
|
|
|
|
| |
|
Bucher Industries AG (Switzerland) |
|
79 |
|
27,202 |
| |
|
Construction Machinery & Heavy Trucks |
|
|
|
|
| |
|
Interpump Group SpA (Italy) |
|
1,344 |
|
18,499 |
| |
|
Industrial Machinery |
|
|
|
|
| |
|
Wajax Corp. (Canada) |
|
379 |
|
12,531 |
| |
|
Trading Companies & Distributors |
|
|
|
|
| |
|
|
|
|
|
580,867 |
| |
|
COMMERCIAL & PROFESSIONAL SERVICES — 9.2% |
|
|
|
|
| |
|
Kaba Holding AG (Switzerland) (b) |
|
194 |
|
96,002 |
| |
|
Security & Alarm Services |
|
|
|
|
| |
|
Michael Page International PLC (UK) |
|
11,913 |
|
87,870 |
| |
|
Human Resource & Employment Services |
|
|
|
|
| |
|
gategroup Holding AG (Switzerland) (b) |
|
1,640 |
|
44,572 |
| |
|
Diversified Support Services |
|
|
|
|
| |
|
Randstad Holding N.V. (Netherlands) |
|
610 |
|
33,093 |
| |
|
Human Resource & Employment Services |
|
|
|
|
| |
|
SThree PLC (UK) |
|
3,981 |
|
26,483 |
| |
|
Human Resource & Employment Services |
|
|
|
|
| |
|
|
|
|
|
288,020 |
| |
|
TRANSPORTATION — 5.1% |
|
|
|
|
| |
|
Panalpina Welttransport Holding AG (Switzerland) |
|
419 |
|
66,261 |
| |
|
Air Freight & Logistics |
|
|
|
|
| |
|
DSV AS (Denmark) |
|
1,284 |
|
41,848 |
| |
|
Trucking |
|
|
|
|
| |
|
Freightways, Ltd. (New Zealand) |
|
7,133 |
|
31,852 |
| |
|
Air Freight & Logistics |
|
|
|
|
| |
|
BBA Aviation PLC (UK) |
|
3,994 |
|
21,124 |
| |
|
Airport Services |
|
|
|
|
| |
|
|
|
|
|
161,085 |
| |
|
|
|
|
|
1,029,972 |
| |
|
INFORMATION TECHNOLOGY — 14.6% |
|
|
|
|
| |
|
SOFTWARE & SERVICES — 8.4% |
|
|
|
|
| |
|
Atea ASA (Norway) (b) |
|
6,963 |
|
|
79,465 |
|
|
IT Consulting & Other Services |
|
|
|
|
| |
|
Totvs SA (Brazil) |
|
3,023 |
|
51,982 |
| |
|
Systems Software |
|
|
|
|
| |
|
Altran Technologies SA (France) |
|
4,181 |
|
44,656 |
| |
|
IT Consulting & Other Services |
|
|
|
|
| |
|
Alten, Ltd. (France) |
|
861 |
|
40,931 |
| |
|
IT Consulting & Other Services |
|
|
|
|
| |
|
Capcom Co., Ltd. (Japan) |
|
2,273 |
|
38,521 |
| |
|
Home Entertainment Software |
|
|
|
|
| |
|
Oracle Corp. Japan (Japan) |
|
199 |
|
8,720 |
| |
|
Systems Software |
|
|
|
|
| |
|
|
|
|
|
264,275 |
| |
|
TECHNOLOGY HARDWARE & EQUIPMENT — 6.2% |
|
|
|
|
| |
|
Hirose Electric Co., Ltd. (Japan) |
|
538 |
|
79,956 |
| |
|
Electronic Components |
|
|
|
|
| |
|
Premier Farnell PLC (UK) (b) |
|
21,775 |
|
75,910 |
| |
|
Technology Distributors |
|
|
|
|
| |
|
Orbotech, Ltd. (Israel) (a) (b) |
|
2,395 |
|
36,350 |
| |
|
Electronic Equipment & Instruments |
|
|
|
|
| |
|
|
|
|
|
192,216 |
| |
|
|
|
|
|
456,491 |
| |
|
FINANCIALS — 12.3% |
|
|
|
|
| |
|
BANKS — 5.7% |
|
|
|
|
| |
|
DGB Financial Group, Inc. (South Korea) |
|
6,527 |
|
97,732 |
| |
|
Regional Banks |
|
|
|
|
| |
|
BS Financial Group, Inc. (South Korea) |
|
5,369 |
|
79,068 |
| |
|
Regional Banks |
|
|
|
|
| |
|
BS Financial Group, Inc., Rights (South Korea) (a) (c) |
|
860 |
|
1,998 |
| |
|
Regional Banks |
|
|
|
|
| |
|
|
|
|
|
178,798 |
| |
|
DIVERSIFIED FINANCIALS — 4.8% |
|
|
|
|
| |
|
Julius Baer Group, Ltd. (Switzerland) |
|
2,669 |
|
110,047 |
| |
|
Asset Management & Custody Banks |
|
|
|
|
| |
|
MLP AG (Germany) |
|
4,568 |
|
30,747 |
| |
|
Asset Management & Custody Banks |
|
|
|
|
| |
|
Ichiyoshi Securities Co., Ltd. (Japan) |
|
811 |
|
11,446 |
| |
|
Investment Banking & Brokerage |
|
|
|
|
| |
|
|
|
|
|
152,240 |
| |
|
REAL ESTATE — 1.8% |
|
|
|
|
| |
|
LSL Property Services PLC (UK) (b) |
|
8,780 |
|
56,197 |
| |
|
Real Estate Services |
|
|
|
|
| |
|
|
|
|
|
387,235 |
| |
|
CONSUMER STAPLES — 11.5% |
|
|
|
|
| |
|
FOOD, BEVERAGE & TOBACCO — 6.9% |
|
|
|
|
| |
|
Treasury Wine Estates, Ltd. (Australia) |
|
16,323 |
|
77,111 |
| |
|
Distillers & Vintners |
|
|
|
|
| |
|
Davide Campari-Milano SPA (Italy) |
|
8,582 |
|
74,269 |
| |
|
Distillers & Vintners |
|
|
|
|
| |
|
|
|
Shares |
|
Value |
| |
|
Goodman Fielder, Ltd. (Australia) (b) (c) |
|
109,393 |
|
$ |
65,811 |
|
|
Packaged Foods & Meats |
|
|
|
|
| |
|
|
|
|
|
217,191 |
| |
|
FOOD & STAPLES RETAILING — 4.6% |
|
|
|
|
| |
|
Sugi Holdings Co., Ltd. (Japan) |
|
2,210 |
|
100,800 |
| |
|
Drug Retail |
|
|
|
|
| |
|
Sundrug Co., Ltd. (Japan) |
|
979 |
|
43,580 |
| |
|
Drug Retail |
|
|
|
|
| |
|
|
|
|
|
144,380 |
| |
|
|
|
|
|
361,571 |
| |
|
CONSUMER DISCRETIONARY — 11.5% |
|
|
|
|
| |
|
AUTOMOBILES & COMPONENTS — 4.4% |
|
|
|
|
| |
|
Yamaha Motor Co., Ltd. (Japan) |
|
3,320 |
|
57,124 |
| |
|
Motorcycle Manufacturers |
|
|
|
|
| |
|
Nifco, Inc. (Japan) |
|
1,588 |
|
52,976 |
| |
|
Auto Parts & Equipment |
|
|
|
|
| |
|
Autoliv, Inc. (United States) |
|
249 |
|
26,506 |
| |
|
Auto Parts & Equipment |
|
|
|
|
| |
|
|
|
|
|
136,606 |
| |
|
RETAILING — 4.0% |
|
|
|
|
| |
|
Myer Holdings, Ltd. (Australia) |
|
28,840 |
|
57,654 |
| |
|
Department Stores |
|
|
|
|
| |
|
Hengdeli Holdings, Ltd. (Hong Kong) |
|
234,457 |
|
40,536 |
| |
|
Specialty Stores |
|
|
|
|
| |
|
Carpetright PLC (UK) (a) |
|
3,168 |
|
27,110 |
| |
|
Home Improvement Retail |
|
|
|
|
| |
|
|
|
|
|
125,300 |
| |
|
MEDIA — 3.1% |
|
|
|
|
| |
|
Hakuhodo DY Holdings, Inc. (Japan) |
|
5,995 |
|
59,535 |
| |
|
Advertising |
|
|
|
|
| |
|
Asatsu-DK, Inc. (Japan) |
|
1,405 |
|
37,946 |
| |
|
Advertising |
|
|
|
|
| |
|
|
|
|
|
97,481 |
| |
|
|
|
|
|
359,387 |
| |
|
HEALTH CARE — 4.8% |
|
|
|
|
| |
|
HEALTH CARE EQUIPMENT & SERVICES — 4.2% |
|
|
|
|
| |
|
Primary Health Care, Ltd. (Australia) |
|
18,167 |
|
77,773 |
| |
|
Health Care Services |
|
|
|
|
| |
|
Amplifon S.p.A. (Italy) |
|
8,320 |
|
52,312 |
| |
|
Health Care Distributors |
|
|
|
|
| |
|
|
|
|
|
130,085 |
| |
|
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES — 0.6% |
|
|
|
|
| |
|
Tecan Group AG (Switzerland) |
|
173 |
|
19,793 |
| |
|
Life Sciences Tools & Services |
|
|
|
|
| |
|
|
|
|
|
149,878 |
| |
|
MATERIALS — 4.3% |
|
|
|
|
| |
|
Incitec Pivot, Ltd. (Australia) |
|
28,737 |
|
78,583 |
| |
|
Diversified Chemicals |
|
|
|
|
| |
|
Kansai Paint Co., Ltd. (Japan) |
|
2,179 |
|
|
36,415 |
|
|
Specialty Chemicals |
|
|
|
|
| |
|
Sika AG (Switzerland) |
|
3 |
|
14,147 |
| |
|
Specialty Chemicals |
|
|
|
|
| |
|
Titan Cement Co. SA (Greece) |
|
172 |
|
5,580 |
| |
|
Construction Materials |
|
|
|
|
| |
|
|
|
|
|
134,725 |
| |
|
ENERGY — 2.5% |
|
|
|
|
| |
|
Fugro NV (Netherlands) |
|
1,383 |
|
79,186 |
| |
|
Oil & Gas Equipment & Services |
|
|
|
|
| |
|
TOTAL COMMON STOCKS — 94.3% |
|
|
|
2,958,445 |
| |
|
|
|
Par Value |
|
Value |
| ||
|
SHORT TERM INVESTMENTS— 5.4% |
|
|
|
|
| ||
|
REPURCHASE AGREEMENT — 5.4% |
|
|
|
|
| ||
|
Fixed Income Clearing Corp. Repurchase Agreement, 0.00% dated 06/30/14 due 07/01/14, repurchase price $170,736 collateralized by a Federal National Mortgage Association Bond, 1.670%, due 11/20/18, value plus accrued interest of $174,155 (Cost: $170,736) |
|
$ |
170,736 |
|
170,736 |
| |
|
TOTAL SHORT TERM INVESTMENTS — 5.4% |
|
|
|
170,736 |
| ||
|
TOTAL INVESTMENTS — 99.7% |
|
|
|
3,129,181 |
| ||
|
Foreign Currencies (Cost $-541) — 0.0% (d) |
|
|
|
(541 |
) | ||
|
Other Assets In Excess of Liabilities — 0.3% |
|
|
|
8,985 |
| ||
|
TOTAL NET ASSETS — 100.0% |
|
|
|
$ |
3,137,625 |
| |
(a) Non-income producing security
(b) See Note 2 in the Notes to Schedules of Investments regarding investments in affiliated issuers.
(c) Fair value is determined in good faith in accordance with procedures established by the Board of Trustees.
(d) Amount rounds to less than 0.1%.
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 are 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 are based on a pricing composite as of the close of the regular trading hours on the appropriate exchange or other designated time. Each long-term debt instrument is valued at the latest bid quotation or 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. Each short-term debt instrument (i.e., debt instruments whose maturities or expiration dates at the time of acquisition are one year or less) or money market instrument maturing in 61 days or more from the date of valuation is valued at the latest bid quotation or an evaluated price provided by an independent pricing service. Each short-term instrument maturing in 60 days or less from the date of valuation is valued at amortized cost, which approximates market 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 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.
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 Adviser’s 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 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 Funds recognize transfers between level 1 and 2 at the end of the reporting cycle. At June 30, 2014 Int’l Small Cap had a transfer from level 1 to level 2 in the amount of $65,810,875. The transfer was due to a security being fair valued.
The following is a summary of the inputs used as of June 30, 2014 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:
|
(in thousands) |
|
Quoted Prices |
|
Other |
|
Significant |
| |||
|
Oakmark |
|
|
|
|
|
|
| |||
|
Common Stocks |
|
$ |
13,956,055 |
|
$ |
0 |
|
$ |
0 |
|
|
Short Term Investments |
|
0 |
|
1,182,833 |
|
0 |
| |||
|
Total |
|
$ |
13,956,055 |
|
$ |
1,182,833 |
|
$ |
0 |
|
|
|
|
|
|
|
|
|
| |||
|
Select |
|
|
|
|
|
|
| |||
|
Common Stocks |
|
$ |
5,228,821 |
|
$ |
0 |
|
$ |
0 |
|
|
Common Stock Sold Short |
|
(3,560 |
) |
0 |
|
0 |
| |||
|
Short Term Investments |
|
0 |
|
450,202 |
|
0 |
| |||
|
Total |
|
$ |
5,225,261 |
|
$ |
450,202 |
|
$ |
0 |
|
|
|
|
|
|
|
|
|
| |||
|
Equity and Income |
|
|
|
|
|
|
| |||
|
Common Stocks |
|
$ |
13,635,269 |
|
$ |
0 |
|
$ |
0 |
|
|
Government and Agency Securities |
|
0 |
|
1,846,019 |
|
0 |
| |||
|
Corporate Bonds |
|
0 |
|
786,268 |
|
0 |
| |||
|
Asset Backed Securities |
|
0 |
|
11,530 |
|
0 |
| |||
|
Convertible Bonds |
|
0 |
|
827 |
|
0 |
| |||
|
Short Term Investments |
|
0 |
|
4,816,392 |
|
0 |
| |||
|
Total |
|
$ |
13,635,269 |
|
$ |
7,461,036 |
|
$ |
0 |
|
|
|
|
|
|
|
|
|
| |||
|
Global |
|
|
|
|
|
|
| |||
|
Common Stocks |
|
$ |
3,606,830 |
|
$ |
0 |
|
$ |
0 |
|
|
Short Term Investments |
|
0 |
|
58,305 |
|
0 |
| |||
|
Forward Foreign Currency Contracts - Assets |
|
0 |
|
3,550 |
|
0 |
| |||
|
Forward Foreign Currency Contracts - Liabilities |
|
0 |
|
(1,723 |
) |
0 |
| |||
|
Total |
|
$ |
3,606,830 |
|
$ |
60,132 |
|
$ |
0 |
|
|
|
|
|
|
|
|
|
| |||
|
Global Select |
|
|
|
|
|
|
| |||
|
Common Stocks |
|
$ |
1,836,124 |
|
$ |
0 |
|
$ |
0 |
|
|
Short Term Investments |
|
0 |
|
116,517 |
|
0 |
| |||
|
Forward Foreign Currency Contracts - Assets |
|
0 |
|
1,020 |
|
0 |
| |||
|
Total |
|
$ |
1,836,124 |
|
$ |
117,537 |
|
$ |
0 |
|
|
|
|
|
|
|
|
|
| |||
|
International |
|
|
|
|
|
|
| |||
|
Common Stocks |
|
$ |
31,297,653 |
|
$ |
0 |
|
$ |
0 |
|
|
Short Term Investments |
|
0 |
|
1,285,439 |
|
0 |
| |||
|
Forward Foreign Currency Contracts - Assets |
|
0 |
|
35,397 |
|
0 |
| |||
|
Forward Foreign Currency Contracts - Liabilities |
|
0 |
|
(29,185 |
) |
0 |
| |||
|
Total |
|
$ |
31,297,653 |
|
$ |
1,291,651 |
|
$ |
0 |
|
|
|
|
|
|
|
|
|
| |||
|
Int’l Small Cap |
|
|
|
|
|
|
| |||
|
Common Stocks - Banks |
|
$ |
176,800 |
|
$ |
1,998 |
|
$ |
0 |
|
|
Common Stocks - Food, Beverage & Tobacco |
|
151,380 |
|
65,811 |
|
0 |
| |||
|
Common Stocks - All Other |
|
2,562,456 |
|
0 |
|
0 |
| |||
|
Short Term Investments |
|
0 |
|
170,736 |
|
0 |
| |||
|
Forward Foreign Currency Contracts - Assets |
|
0 |
|
3,394 |
|
0 |
| |||
|
Forward Foreign Currency Contracts - Liabilities |
|
0 |
|
(5,426 |
) |
0 |
| |||
|
Total |
|
$ |
2,890,636 |
|
$ |
236,513 |
|
$ |
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 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, 2014 Global, Global Select, International, and Int’l Small Cap held forward foreign currency contracts, which are considered derivative instruments, each of whose counterparty is State Street Bank and Trust Company (“State Street”), as follows (in thousands):
Global
|
|
|
Local |
|
Settlement |
|
Valuation at |
|
Unrealized |
| ||
|
Foreign Currency Sold: |
|
|
|
|
|
|
|
|
| ||
|
Australian Dollar |
|
34,301 |
|
09/17/14 |
|
$ |
32,163 |
|
$ |
(1,723 |
) |
|
Swiss Franc |
|
184,500 |
|
12/17/14 |
|
208,398 |
|
3,550 |
| ||
|
|
|
|
|
|
|
$ |
240,561 |
|
$ |
1,827 |
|
During the period ended June 30, 2014 the proceeds from forward foreign currency contracts opened for Global were $304,657 and the cost to close or settle contracts was $287,586 (in thousands).
Global Select
|
|
|
Local |
|
Settlement |
|
Valuation at |
|
Unrealized |
| ||
|
Foreign Currency Sold: |
|
|
|
|
|
|
|
|
| ||
|
Swiss Franc |
|
53,000 |
|
12/17/14 |
|
$ |
59,865 |
|
$ |
1,020 |
|
|
|
|
|
|
|
|
$ |
59,865 |
|
$ |
1,020 |
|
During the period ended June 30, 2014 the proceeds from forward foreign currency contracts opened for Global Select were $83,728 and the cost to close or settle contracts was $77,551 (in thousands).
International
|
|
|
Local |
|
Settlement |
|
Valuation at |
|
Unrealized |
| ||
|
Foreign Currency Sold: |
|
|
|
|
|
|
|
|
| ||
|
Australian Dollar |
|
522,130 |
|
09/17/14 |
|
$ |
489,595 |
|
$ |
(27,919 |
) |
|
Swedish Krona |
|
3,119,052 |
|
03/18/15 |
|
465,837 |
|
(1,266 |
) | ||
|
Swiss Franc |
|
1,840,000 |
|
12/17/14 |
|
2,078,330 |
|
35,397 |
| ||
|
|
|
|
|
|
|
$ |
3,033,762 |
|
$ |
6,212 |
|
During the period ended June 30, 2014 the proceeds from forward foreign currency contracts opened for International were $3,934,432 and the cost to close or settle contracts was $2,850,811 (in thousands).
Int’l Small Cap
|
|
|
Local |
|
Settlement |
|
Valuation at |
|
Unrealized |
| ||
|
Foreign Currency Sold: |
|
|
|
|
|
|
|
|
| ||
|
Australian Dollar |
|
140,599 |
|
09/17/14 |
|
$ |
131,838 |
|
$ |
(5,426 |
) |
|
Norwegian Krone |
|
228,741 |
|
03/18/15 |
|
36,948 |
|
787 |
| ||
|
Swiss Franc |
|
135,500 |
|
12/17/14 |
|
153,051 |
|
2,607 |
| ||
|
|
|
|
|
|
|
$ |
321,837 |
|
$ |
(2,032 |
) |
During the period ended June 30, 2014 the proceeds from forward foreign currency contracts opened for Int’l Small Cap were $388,299 and the cost to close or settle contracts was $276,077 (in thousands).
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, 2014 Select had an open short sale.
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.
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 forgoes, 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.
Transactions in written option contracts during the period ended June 30, 2014 for Oakmark and Select are as follows:
Oakmark
|
|
|
Number of Contracts |
|
Premiums |
| |
|
Options outstanding at September 30, 2013 |
|
0 |
|
$ |
0 |
|
|
Options written |
|
200 |
|
56,419 |
| |
|
Options bought back |
|
(200 |
) |
(56,419 |
) | |
|
Options outstanding at June 30, 2014 |
|
0 |
|
$ |
0 |
|
Select
|
|
|
Number of Contracts |
|
Premiums |
| |
|
Options outstanding at September 30, 2013 |
|
0 |
|
$ |
0 |
|
|
Options written |
|
310 |
|
87,455 |
| |
|
Options bought back |
|
(310 |
) |
(87,455 |
) | |
|
Options outstanding at June 30, 2014 |
|
0 |
|
$ |
0 |
|
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. Treasurys 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, 2014 International had securities on loan with a value of $591,895,042 and held as collateral for the loans U.S. Treasury securities with a value of $621,819,371.
Restricted securities
The following investments, the sales of which are subject to restrictions on resale under federal securities laws, have been valued in good faith according to the securities valuation procedures established by the Board of Trustees (as stated in the Security valuation section) since their acquisition dates.
At June 30, 2014 Equity and Income and International held the following restricted securities:
Equity and Income
|
Par Value (000) |
|
Security Name |
|
Acquisition |
|
Carrying |
|
Original Cost |
|
Value (000) |
|
Percentage of |
| ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
$ |
9,785 |
|
Activision Blizzard, Inc., 144A, 5.625%, due 09/15/21 |
|
04/15/14 |
|
$ |
107.7500 |
|
$ |
106.6250 |
|
$ |
10,543 |
|
0.05 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
4,325 |
|
Activision Blizzard, Inc., 144A, 5.625%, due 09/15/21 |
|
04/14/14 |
|
107.7500 |
|
106.6250 |
|
4,660 |
|
0.02 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
2,925 |
|
Activision Blizzard, Inc., 144A, 5.625%, due 09/15/21 |
|
01/31/14 |
|
107.7500 |
|
103.7500 |
|
3,152 |
|
0.01 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
1,950 |
|
Activision Blizzard, Inc., 144A, 5.625%, due 09/15/21 |
|
01/31/14 |
|
107.7500 |
|
103.7500 |
|
2,101 |
|
0.01 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,000 |
|
Activision Blizzard, Inc., 144A, 5.625%, due 09/15/21 |
|
09/12/13 |
|
107.7500 |
|
100.0000 |
|
1,078 |
|
0.01 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
980 |
|
Activision Blizzard, Inc., 144A, 5.625%, due 09/15/21 |
|
04/25/14 |
|
107.7500 |
|
106.6250 |
|
1,056 |
|
0.00 |
%* | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
2,695 |
|
Activision Blizzard, Inc., 144A, 6.125%, due 09/15/23 |
|
04/09/14 |
|
110.0000 |
|
109.0000 |
|
2,964 |
|
0.01 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
2,505 |
|
Activision Blizzard, Inc., 144A, 6.125%, due 09/15/23 |
|
02/06/14 |
|
110.0000 |
|
104.7500 |
|
2,756 |
|
0.01 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
2,000 |
|
Activision Blizzard, Inc., 144A, 6.125%, due 09/15/23 |
|
09/17/13 |
|
110.0000 |
|
101.6250 |
|
2,200 |
|
0.01 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
1,970 |
|
Activision Blizzard, Inc., 144A, 6.125%, due 09/15/23 |
|
04/15/14 |
|
110.0000 |
|
108.7500 |
|
2,167 |
|
0.01 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
1,970 |
|
Activision Blizzard, Inc., 144A, 6.125%, due 09/15/23 |
|
04/11/14 |
|
110.0000 |
|
108.7500 |
|
2,167 |
|
0.01 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
1,000 |
|
Activision Blizzard, Inc., 144A, 6.125%, due 09/15/23 |
|
09/12/13 |
|
110.0000 |
|
100.0000 |
|
1,100 |
|
0.01 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
980 |
|
Activision Blizzard, Inc., 144A, 6.125%, due 09/15/23 |
|
04/25/14 |
|
110.0000 |
|
108.6250 |
|
1,078 |
|
0.01 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
495 |
|
Activision Blizzard, Inc., 144A, 6.125%, due 09/15/23 |
|
04/11/14 |
|
110.0000 |
|
108.7500 |
|
545 |
|
0.00 |
%* | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
40,000 |
|
BMW US Capital LLC, 144A, 0.09%, due 08/06/14 |
|
06/27/14 |
|
99.9910 |
|
99.9900 |
|
39,997 |
|
0.19 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
35,000 |
|
BMW US Capital LLC, 144A, 0.09%, due 07/25/14 |
|
06/16/14 |
|
99.9940 |
|
99.9903 |
|
34,998 |
|
0.17 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
33,000 |
|
BMW US Capital LLC, 144A, 0.10%, due 07/01/14 |
|
04/28/14 |
|
100.0000 |
|
99.9822 |
|
33,000 |
|
0.16 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
30,000 |
|
BMW US Capital LLC, 144A, 0.09%, due 07/22/14 |
|
06/19/14 |
|
99.9948 |
|
99.9903 |
|
29,998 |
|
0.14 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
30,000 |
|
BMW US Capital LLC, 144A, 0.09%, due 07/22/14 |
|
06/13/14 |
|
99.9948 |
|
99.9918 |
|
29,998 |
|
0.14 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
28,000 |
|
BMW US Capital LLC, 144A, 0.09%, due 07/02/14 |
|
05/29/14 |
|
99.9998 |
|
99.9915 |
|
28,000 |
|
0.13 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
25,000 |
|
BMW US Capital LLC, 144A, 0.10%, due 07/07/14 |
|
05/07/14 |
|
99.9983 |
|
99.9831 |
|
25,000 |
|
0.12 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
25,000 |
|
BMW US Capital LLC, 144A, 0.10%, due 07/10/14 |
|
05/07/14 |
|
99.9975 |
|
99.9822 |
|
24,999 |
|
0.12 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
24,335 |
|
BMW US Capital LLC, 144A, 0.08%, due 07/14/14 |
|
05/16/14 |
|
99.9971 |
|
99.9869 |
|
24,334 |
|
0.12 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
22,500 |
|
BMW US Capital LLC, 144A, 0.10%, due 08/14/14 |
|
06/17/14 |
|
99.9878 |
|
99.9839 |
|
22,497 |
|
0.11 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
20,000 |
|
BMW US Capital LLC, 144A, 0.09%, due 07/10/14 |
|
06/09/14 |
|
99.9978 |
|
99.9923 |
|
20,000 |
|
0.09 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
20,000 |
|
BMW US Capital LLC, 144A, 0.07%, due 07/11/14 |
|
06/11/14 |
|
99.9981 |
|
99.9942 |
|
20,000 |
|
0.09 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
20,000 |
|
BMW US Capital LLC, 144A, 0.09%, due 07/16/14 |
|
06/12/14 |
|
99.9963 |
|
99.9915 |
|
19,999 |
|
0.09 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
20,000 |
|
BMW US Capital LLC, 144A, 0.09%, due 07/28/14 |
|
06/26/14 |
|
99.9933 |
|
99.9920 |
|
19,999 |
|
0.09 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
19,000 |
|
BMW US Capital LLC, 144A, 0.10%, due 07/08/14 |
|
05/09/14 |
|
99.9981 |
|
99.9833 |
|
19,000 |
|
0.09 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
15,000 |
|
BMW US Capital LLC, 144A, 0.09%, due 07/14/14 |
|
06/12/14 |
|
99.9968 |
|
99.9920 |
|
15,000 |
|
0.07 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
15,000 |
|
BMW US Capital LLC, 144A, 0.09%, due 07/17/14 |
|
06/12/14 |
|
99.9960 |
|
99.9913 |
|
14,999 |
|
0.07 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
15,000 |
|
BMW US Capital LLC, 144A, 0.11%, due 08/13/14 |
|
06/17/14 |
|
99.9869 |
|
99.9826 |
|
14,998 |
|
0.07 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
9,000 |
|
BMW US Capital LLC, 144A, 0.10%, due 08/15/14 |
|
06/20/14 |
|
99.9875 |
|
99.9844 |
|
8,999 |
|
0.04 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
50,000 |
|
BP Capital Markets PLC, 144A, 0.08%, due 07/15/14 |
|
06/11/14 |
|
99.9969 |
|
99.9924 |
|
49,998 |
|
0.24 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
36,500 |
|
BP Capital Markets PLC, 144A, 0.06%, due 07/03/14 |
|
05/28/14 |
|
99.9997 |
|
99.9940 |
|
36,500 |
|
0.17 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
30,000 |
|
BP Capital Markets PLC, 144A, 0.09%, due 07/25/14 |
|
06/23/14 |
|
99.9940 |
|
99.9920 |
|
29,998 |
|
0.14 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
25,000 |
|
BP Capital Markets PLC, 144A, 0.10%, due 07/11/14 |
|
06/17/14 |
|
99.9972 |
|
99.9933 |
|
24,999 |
|
0.12 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
25,000 |
|
BP Capital Markets PLC, 144A, 0.08%, due 07/11/14 |
|
06/10/14 |
|
99.9978 |
|
99.9931 |
|
24,999 |
|
0.12 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
25,000 |
|
BP Capital Markets PLC, 144A, 0.08%, due 07/14/14 |
|
06/10/14 |
|
99.9971 |
|
99.9924 |
|
24,999 |
|
0.12 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
25,000 |
|
BP Capital Markets PLC, 144A, 0.08%, due 07/16/14 |
|
06/10/14 |
|
99.9967 |
|
99.9920 |
|
24,999 |
|
0.12 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
25,000 |
|
BP Capital Markets PLC, 144A, 0.09%, due 07/25/14 |
|
06/19/14 |
|
99.9940 |
|
99.9910 |
|
24,999 |
|
0.12 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
8,000 |
|
BP Capital Markets PLC, 144A, 0.09%, due 07/29/14 |
|
06/24/14 |
|
99.9930 |
|
99.9913 |
|
7,999 |
|
0.04 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
11,450 |
|
Cabela’s Master Credit Card Trust, 144A, 0.702%, due 10/15/19 |
|
10/20/11 |
|
100.6942 |
|
100.0000 |
|
11,530 |
|
0.05 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
50,000 |
|
Chevron Corp., 144A, 0.06%, due 07/23/2014 |
|
06/04/14 |
|
99.9963 |
|
99.9918 |
|
49,998 |
|
0.24 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
50,000 |
|
Chevron Corp., 144A, 0.07%, due 07/28/2014 |
|
05/28/14 |
|
99.9948 |
|
99.9881 |
|
49,997 |
|
0.24 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
25,000 |
|
Chevron Corp., 144A, 0.07%, due 07/18/2014 |
|
06/12/14 |
|
99.9967 |
|
99.9930 |
|
24,999 |
|
0.12 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
25,000 |
|
Chevron Corp., 144A, 0.07%, due 07/31/2014 |
|
06/24/14 |
|
99.9942 |
|
99.9928 |
|
24,999 |
|
0.12 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
980 |
|
CNO Financial Group, Inc., 144A, 6.375%, due 10/01/20 |
|
04/30/14 |
|
108.0000 |
|
108.5000 |
|
1,058 |
|
0.01 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
250 |
|
CNO Financial Group, Inc., 144A, 6.375%, due 10/01/20 |
|
09/20/12 |
|
108.0000 |
|
100.0000 |
|
270 |
|
0.00 |
%* | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30,000 |
|
Credit Suisse Group AG, 144A, 7.50%, due 12/31/49 |
|
12/04/13 |
|
110.6900 |
|
100.0000 |
|
33,207 |
|
0.16 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
7,000 |
|
Credit Suisse Group AG, 144A, 6.25%, due 12/31/49 |
|
06/11/14 |
|
100.6250 |
|
100.0000 |
|
7,044 |
|
0.03 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
39,900 |
|
General Mills Inc., 144A, 0.13%, due 07/01/14 |
|
06/06/14 |
|
100.0000 |
|
99.9910 |
|
39,900 |
|
0.19 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
30,000 |
|
General Mills Inc., 144A, 0.14%, due 07/10/14 |
|
06/13/14 |
|
99.9965 |
|
99.9895 |
|
29,999 |
|
0.14 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
21,000 |
|
General Mills Inc., 144A, 0.15%, due 07/28/14 |
|
06/30/14 |
|
99.9887 |
|
99.9883 |
|
20,998 |
|
0.10 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
20,000 |
|
General Mills Inc., 144A, 0.15%, due 07/15/14 |
|
06/23/14 |
|
99.9942 |
|
99.9908 |
|
19,999 |
|
0.09 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
20,000 |
|
General Mills Inc., 144A, 0.14%, due 07/17/14 |
|
06/16/14 |
|
99.9938 |
|
99.9879 |
|
19,999 |
|
0.09 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
15,000 |
|
General Mills Inc., 144A, 0.18%, due 07/18/14 |
|
06/17/14 |
|
99.9915 |
|
99.9845 |
|
14,999 |
|
0.07 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
15,000 |
|
General Mills Inc., 144A, 0.15%, due 07/21/14 |
|
06/25/14 |
|
99.9917 |
|
99.9892 |
|
14,999 |
|
0.07 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
15,000 |
|
General Mills Inc., 144A, 0.19%, due 07/22/14 |
|
06/25/14 |
|
99.9889 |
|
99.9858 |
|
14,998 |
|
0.07 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
10,000 |
|
General Mills Inc., 144A, 0.14%, due 07/07/14 |
|
06/13/14 |
|
99.9977 |
|
99.9907 |
|
10,000 |
|
0.05 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
10,000 |
|
General Mills Inc., 144A, 0.14%, due 07/14/14 |
|
06/17/14 |
|
99.9949 |
|
99.9895 |
|
9,999 |
|
0.05 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
8,300 |
|
General Mills Inc., 144A, 0.14%, due 07/07/14 |
|
06/13/14 |
|
99.9977 |
|
99.9907 |
|
8,300 |
|
0.04 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
6,000 |
|
General Mills Inc., 144A, 0.15%, due 07/24/14 |
|
06/24/14 |
|
99.9904 |
|
99.9875 |
|
5,999 |
|
0.03 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
5,000 |
|
General Mills Inc., 144A, 0.18%, due 07/16/14 |
|
06/20/14 |
|
99.9925 |
|
99.9870 |
|
5,000 |
|
0.02 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
4,000 |
|
General Mills Inc., 144A, 0.14%, due 07/02/14 |
|
06/04/14 |
|
99.9996 |
|
99.9891 |
|
4,000 |
|
0.02 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
34,400 |
|
General Motors Co., 144A, 4.875%, due 10/02/23 |
|
09/24/13 |
|
105.2500 |
|
100.0000 |
|
36,206 |
|
0.17 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
5,000 |
|
General Motors Co., 144A, 4.875%, due 10/02/23 |
|
09/25/13 |
|
105.2500 |
|
99.0000 |
|
5,263 |
|
0.02 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
2,000 |
|
General Motors Co., 144A, 4.875%, due 10/02/23 |
|
09/30/13 |
|
105.2500 |
|
97.5000 |
|
2,105 |
|
0.01 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
29,525 |
|
General Motors Co., 144A, 3.50%, due 10/02/18 |
|
09/24/13 |
|
102.2500 |
|
100.0000 |
|
30,189 |
|
0.14 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
10,000 |
|
GLP Capital, LP / GLP Financing II, Inc., 144A, 5.375%, due 11/01/23 |
|
10/23/13 |
|
103.7500 |
|
100.0000 |
|
10,375 |
|
0.05 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
2,000 |
|
GLP Capital, LP / GLP Financing II, Inc., 144A, 5.375%, due 11/01/23 |
|
11/26/13 |
|
103.7500 |
|
98.2500 |
|
2,075 |
|
0.01 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,000 |
|
GLP Capital, LP / GLP Financing II, Inc., 144A, 4.875%, due 11/01/20 |
|
10/23/13 |
|
103.0000 |
|
100.0000 |
|
10,300 |
|
0.05 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
5,000 |
|
GLP Capital, LP / GLP Financing II, Inc., 144A, 4.375%, due 11/01/18 |
|
10/23/13 |
|
103.2500 |
|
100.0000 |
|
5,163 |
|
0.02 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
10,000 |
|
Howard Hughes Corp., 144A, 6.875%, due 10/01/21 |
|
09/27/13 |
|
107.0000 |
|
100.0000 |
|
10,700 |
|
0.05 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
50,000 |
|
John Deere Capital Co., 144A, 0.09%, due 07/21/14 |
|
06/19/14 |
|
99.9950 |
|
99.9920 |
|
49,997 |
|
0.24 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
40,000 |
|
Kellogg Co., 144A, 0.14%, due 07/08/14 |
|
06/25/14 |
|
99.9973 |
|
99.9949 |
|
39,999 |
|
0.19 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
30,000 |
|
Kellogg Co., 144A, 0.15%, due 07/14/14 |
|
06/23/14 |
|
99.9946 |
|
99.9913 |
|
29,998 |
|
0.14 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
25,000 |
|
Kellogg Co., 144A, 0.14%, due 07/9/14 |
|
06/24/14 |
|
99.9969 |
|
99.9942 |
|
24,999 |
|
0.12 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
15,000 |
|
Kellogg Co., 144A, 0.14%, due 07/03/14 |
|
06/26/14 |
|
99.9992 |
|
99.9973 |
|
15,000 |
|
0.07 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
15,000 |
|
Kellogg Co., 144A, 0.14%, due 07/07/14 |
|
06/30/14 |
|
99.9977 |
|
99.9973 |
|
15,000 |
|
0.07 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
5,500 |
|
Kellogg Co., 144A, 0.14%, due 07/11/14 |
|
06/27/14 |
|
99.9961 |
|
99.9946 |
|
5,500 |
|
0.03 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
9,605 |
|
Live Nation Entertainment, Inc., 144A, 7.00%, due 09/01/20 |
|
08/15/12 |
|
109.5000 |
|
100.0000 |
|
10,518 |
|
0.05 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
5,076 |
|
Live Nation Entertainment, Inc., 144A, 7.00%, due 09/01/20 |
|
05/16/14 |
|
109.5000 |
|
109.1250 |
|
5,558 |
|
0.03 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
2,000 |
|
Live Nation Entertainment, Inc., 144A, 5.375%, due 06/15/22 |
|
05/19/14 |
|
101.2500 |
|
100.0000 |
|
2,025 |
|
0.01 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
53,000 |
|
MetLife, Inc., 144A, 0.12%, due 08/26/14 |
|
06/24/14 |
|
99.9813 |
|
99.9790 |
|
52,990 |
|
0.25 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
50,000 |
|
MetLife, Inc., 144A, 0.11%, due 08/05/14 |
|
06/23/14 |
|
99.9893 |
|
99.9869 |
|
49,995 |
|
0.24 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
30,000 |
|
MetLife, Inc., 144A, 0.12%, due 07/08/14 |
|
04/07/14 |
|
99.9977 |
|
99.9693 |
|
29,999 |
|
0.14 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
30,000 |
|
MetLife, Inc., 144A, 0.12%, due 07/09/14 |
|
04/07/14 |
|
99.9973 |
|
99.9690 |
|
29,999 |
|
0.14 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
27,000 |
|
MetLife, Inc., 144A, 0.12%, due 07/07/14 |
|
04/03/14 |
|
99.9980 |
|
99.9683 |
|
26,999 |
|
0.13 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
27,000 |
|
MetLife, Inc., 144A, 0.10%, due 07/07/14 |
|
05/22/14 |
|
99.9983 |
|
99.9872 |
|
27,000 |
|
0.13 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
27,000 |
|
MetLife, Inc., 144A, 0.11%, due 08/04/14 |
|
06/18/14 |
|
99.9896 |
|
99.9856 |
|
26,997 |
|
0.13 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
25,000 |
|
MetLife, Inc., 144A, 0.10%, due 07/24/14 |
|
06/16/14 |
|
99.9936 |
|
99.9894 |
|
24,998 |
|
0.12 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
25,000 |
|
MetLife, Inc., 144A, 0.11%, due 07/25/14 |
|
04/29/14 |
|
99.9927 |
|
99.9734 |
|
24,998 |
|
0.12 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
25,000 |
|
MetLife, Inc., 144A, 0.11%, due 07/29/14 |
|
05/27/14 |
|
99.9914 |
|
99.9808 |
|
24,998 |
|
0.12 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
25,000 |
|
MetLife, Inc., 144A, 0.11%, due 07/29/14 |
|
06/20/14 |
|
99.9914 |
|
99.9881 |
|
24,998 |
|
0.12 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
25,000 |
|
MetLife, Inc., 144A, 0.11%, due 07/30/14 |
|
05/27/14 |
|
99.9911 |
|
99.9804 |
|
24,998 |
|
0.12 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
25,000 |
|
MetLife, Inc., 144A, 0.11%, due 08/22/14 |
|
06/09/14 |
|
99.9841 |
|
99.9774 |
|
24,996 |
|
0.12 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
23,000 |
|
MetLife, Inc., 144A, 0.11%, due 07/11/14 |
|
05/07/14 |
|
99.9969 |
|
99.9801 |
|
22,999 |
|
0.11 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
21,000 |
|
MetLife, Inc., 144A, 0.11%, due 08/11/14 |
|
06/11/14 |
|
99.9875 |
|
99.9814 |
|
20,997 |
|
0.10 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
20,000 |
|
MetLife, Inc., 144A, 0.10%, due 07/15/14 |
|
06/03/14 |
|
99.9961 |
|
99.9883 |
|
19,999 |
|
0.09 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
20,000 |
|
MetLife, Inc., 144A, 0.10%, due 07/18/14 |
|
06/11/14 |
|
99.9953 |
|
99.9897 |
|
19,999 |
|
0.09 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
16,000 |
|
MetLife, Inc., 144A, 0.11%, due 07/14/14 |
|
05/12/14 |
|
99.9960 |
|
99.9808 |
|
15,999 |
|
0.08 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
8,000 |
|
MetLife, Inc., 144A, 0.12%, due 08/19/14 |
|
06/24/14 |
|
99.9837 |
|
99.9813 |
|
7,999 |
|
0.04 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
10,000 |
|
Penn National Gaming, Inc., 144A, 5.875%, due 11/01/21 |
|
10/21/13 |
|
94.5000 |
|
100.0000 |
|
9,450 |
|
0.04 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
2,455 |
|
Penn National Gaming, Inc., 144A, 5.875%, due 11/01/21 |
|
02/25/14 |
|
94.5000 |
|
97.7500 |
|
2,320 |
|
0.01 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
2,445 |
|
Penn National Gaming, Inc., 144A, 5.875%, due 11/01/21 |
|
02/24/14 |
|
94.5000 |
|
97.7500 |
|
2,311 |
|
0.01 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
2,000 |
|
Penn National Gaming, Inc., 144A, 5.875%, due 11/01/21 |
|
11/08/13 |
|
94.5000 |
|
99.0000 |
|
1,890 |
|
0.01 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
1,595 |
|
Penn National Gaming, Inc., 144A, 5.875%, due 11/01/21 |
|
02/28/14 |
|
94.5000 |
|
97.7500 |
|
1,507 |
|
0.01 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
950 |
|
Penn National Gaming, Inc., 144A, 5.875%, due 11/01/21 |
|
02/26/14 |
|
94.5000 |
|
97.7500 |
|
898 |
|
0.00 |
%* | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
555 |
|
Penn National Gaming, Inc., 144A, 5.875%, due 11/01/21 |
|
02/06/14 |
|
94.5000 |
|
96.0000 |
|
524 |
|
0.00 |
%* | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
1,000 |
|
Post Holdings, Inc., 144A, 6.75%, due 12/01/21 |
|
01/27/12 |
|
106.2500 |
|
105.7500 |
|
1,063 |
|
0.01 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
2,000 |
|
Quiksilver, Inc. / QS Wholesale, Inc., 144A, 7.875%, due 08/01/18 |
|
07/11/13 |
|
101.5000 |
|
99.4830 |
|
2,029 |
|
0.01 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
1,945 |
|
Quiksilver, Inc. / QS Wholesale, Inc., 144A, 7.875%, due 08/01/18 |
|
04/10/14 |
|
101.5000 |
|
109.0000 |
|
1,974 |
|
0.01 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,745 |
|
Quiksilver, Inc. / QS Wholesale, Inc., 144A, 7.875%, due 08/01/18 |
|
04/14/14 |
|
101.5000 |
|
108.7500 |
|
1,771 |
|
0.01 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
980 |
|
Quiksilver, Inc. / QS Wholesale, Inc., 144A, 7.875%, due 08/01/18 |
|
05/13/14 |
|
101.5000 |
|
108.7500 |
|
995 |
|
0.00 |
%* | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
980 |
|
Quiksilver, Inc. / QS Wholesale, Inc., 144A, 7.875%, due 08/01/18 |
|
04/15/14 |
|
101.5000 |
|
108.7500 |
|
995 |
|
0.00 |
%* | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
980 |
|
Quiksilver, Inc. / QS Wholesale, Inc., 144A, 7.875%, due 08/01/18 |
|
05/27/14 |
|
101.5000 |
|
108.6250 |
|
995 |
|
0.00 |
%* | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
6,000 |
|
Scotiabank Peru SA, 144A, 4.50%, due 12/13/27 |
|
12/06/12 |
|
95.7500 |
|
100.0000 |
|
5,745 |
|
0.03 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
2,725 |
|
Serta Simmons Holdings LLC, 144A, 8.125%, due 10/01/20 |
|
09/27/12 |
|
108.5000 |
|
99.8750 |
|
2,957 |
|
0.01 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
2,265 |
|
Serta Simmons Holdings LLC, 144A, 8.125%, due 10/01/20 |
|
09/26/12 |
|
108.5000 |
|
99.0000 |
|
2,457 |
|
0.01 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
6,820 |
|
Six Flags Entertainment Corp., 144A, 5.25%, due 01/15/21 |
|
12/11/12 |
|
102.5000 |
|
100.0000 |
|
6,990 |
|
0.03 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
3,150 |
|
Six Flags Entertainment Corp., 144A, 5.25%, due 01/15/21 |
|
12/11/12 |
|
102.5000 |
|
101.0000 |
|
3,229 |
|
0.02 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
7,385 |
|
Ultra Petroleum Corp., 144A, 5.75%, due 12/15/18 |
|
06/24/14 |
|
105.0000 |
|
105.2500 |
|
7,754 |
|
0.04 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
6,505 |
|
Ultra Petroleum Corp., 144A, 5.75%, due 12/15/18 |
|
05/28/14 |
|
105.0000 |
|
105.4000 |
|
6,830 |
|
0.03 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
4,952 |
|
Ultra Petroleum Corp., 144A, 5.75%, due 12/15/18 |
|
05/27/14 |
|
105.0000 |
|
105.5000 |
|
5,200 |
|
0.02 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
3,920 |
|
Ultra Petroleum Corp., 144A, 5.75%, due 12/15/18 |
|
04/11/14 |
|
105.0000 |
|
105.6250 |
|
4,116 |
|
0.02 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
3,969 |
|
Ultra Petroleum Corp., 144A, 5.75%, due 12/15/18 |
|
06/25/14 |
|
105.0000 |
|
105.2500 |
|
4,167 |
|
0.02 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
1,993 |
|
Ultra Petroleum Corp., 144A, 5.75%, due 12/15/18 |
|
06/26/14 |
|
105.0000 |
|
105.2500 |
|
2,093 |
|
0.01 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
975 |
|
Ultra Petroleum Corp., 144A, 5.75%, due 12/15/18 |
|
04/16/14 |
|
105.0000 |
|
105.5000 |
|
1,024 |
|
0.01 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
735 |
|
Ultra Petroleum Corp., 144A, 5.75%, due 12/15/18 |
|
04/23/14 |
|
105.0000 |
|
105.5000 |
|
772 |
|
0.00 |
%* | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
6,140 |
|
Wal-mart Stores, Inc., 144A, 0.07%, due 07/07/14 |
|
06/05/14 |
|
99.9988 |
|
99.9938 |
|
6,140 |
|
0.03 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
25,000 |
|
Wellpoint, Inc., 144A 0.20%, due 07/02/14 |
|
04/02/14 |
|
99.9994 |
|
99.9494 |
|
25,000 |
|
0.12 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
25,000 |
|
Wellpoint, Inc., 144A 0.20%, due 07/07/14 |
|
04/02/14 |
|
99.9967 |
|
99.9467 |
|
24,999 |
|
0.12 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
25,000 |
|
Wellpoint, Inc., 144A 0.20%, due 07/08/14 |
|
04/04/14 |
|
99.9961 |
|
99.9472 |
|
24,999 |
|
0.12 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
25,000 |
|
Wellpoint, Inc., 144A 0.20%, due 07/09/14 |
|
04/02/14 |
|
99.9956 |
|
99.9456 |
|
24,999 |
|
0.12 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
16,600 |
|
Wellpoint, Inc., 144A 0.22%, due 08/01/14 |
|
05/06/14 |
|
99.9811 |
|
99.9468 |
|
16,597 |
|
0.08 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
9,000 |
|
Wellpoint, Inc., 144A 0.17%, due 09/02/14 |
|
05/28/14 |
|
99.9584 |
|
99.9542 |
|
8,996 |
|
0.04 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
7,000 |
|
The William Carter Co., 144A, 5.25%, due 08/15/21 |
|
08/15/13 |
|
104.2500 |
|
101.0000 |
|
7,297 |
|
0.03 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
7,000 |
|
The William Carter Co., 144A, 5.25%, due 08/15/21 |
|
09/10/13 |
|
104.2500 |
|
100.2500 |
|
7,297 |
|
0.03 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
5,502 |
|
The William Carter Co., 144A, 5.25%, due 08/15/21 |
|
08/14/13 |
|
104.2500 |
|
101.2500 |
|
5,736 |
|
0.03 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
5,000 |
|
The William Carter Co., 144A, 5.25%, due 08/15/21 |
|
08/13/13 |
|
104.2500 |
|
101.2500 |
|
5,213 |
|
0.02 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
2,000 |
|
The William Carter Co., 144A, 5.25%, due 08/15/21 |
|
08/12/13 |
|
104.2500 |
|
101.3750 |
|
2,085 |
|
0.01 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
1,400 |
|
The William Carter Co., 144A, 5.25%, due 08/15/21 |
|
08/26/13 |
|
104.2500 |
|
100.5000 |
|
1,460 |
|
0.01 |
% | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
100 |
|
The William Carter Co., 144A, 5.25%, due 08/15/21 |
|
09/10/13 |
|
104.2500 |
|
100.0000 |
|
104 |
|
0.00 |
%* | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
$ |
2,211,068 |
|
10.45 |
% | |||
International
|
Par Value (000) |
|
Security Name |
|
Acquisition |
|
Carrying |
|
Original Cost |
|
Value (000) |
|
Percentage of |
| ||||
|
$ |
50,000 |
|
J.P. Morgan Securities LLC, 144A, 0.33%, due 07/17/14 |
|
12/19/13 |
|
$ |
99.9858 |
|
$ |
99.8142 |
|
$ |
49,993 |
|
0.15 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
49,993 |
|
0.15 |
% | |||
* 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 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, 2014. Purchase and sale transactions and dividend and interest income earned during the period on these securities are set forth below (in thousands):
Schedule of Transactions with Affiliated Issuers
Equity and Income
|
Affiliates |
|
Shares Held |
|
Purchases |
|
Sales |
|
Dividend |
|
Interest |
|
Value |
|
Value |
| ||||||
|
Foot Locker, Inc. |
|
7,711 |
|
$ |
0 |
|
$ |
0 |
|
$ |
4,781 |
|
$ |
0 |
|
$ |
261,705 |
|
$ |
391,092 |
|
|
Foot Locker, Inc., 8.50%, due 01/15/22 |
|
395 |
|
458 |
|
0 |
|
0 |
|
23 |
|
0 |
|
480 |
| ||||||
|
Lear Corp. |
|
4,424 |
|
0 |
|
0 |
|
2,521 |
|
0 |
|
316,601 |
|
395,121 |
| ||||||
|
TOTALS |
|
|
|
$ |
458 |
|
$ |
0 |
|
$ |
7,302 |
|
$ |
23 |
|
$ |
578,306 |
|
$ |
786,693 |
|
International
|
Affiliates |
|
Shares Held |
|
Purchases |
|
Sales |
|
Dividend |
|
Value |
|
Value |
| |||||
|
Meitec Corp. |
|
2,423 |
|
$ |
0 |
|
$ |
11,231 |
|
$ |
1,036 |
|
$ |
80,693 |
|
$ |
75,587 |
|
|
Orica, Ltd. |
|
34,085 |
|
108,841 |
|
40,041 |
|
28,747 |
|
572,490 |
|
626,100 |
| |||||
|
SKF AB |
|
22,900 |
|
325,184 |
|
2,549 |
|
17,594 |
|
296,302 |
|
584,373 |
| |||||
|
Willis Group Holdings PLC |
|
15,241 |
|
116,532 |
|
2,638 |
|
11,969 |
|
541,829 |
|
659,953 |
| |||||
|
TOTALS |
|
|
|
$ |
550,557 |
|
$ |
56,459 |
|
$ |
59,346 |
|
$ |
1,491,314 |
|
$ |
1,946,013 |
|
Int’l Small Cap
|
Affiliates |
|
Shares Held |
|
Purchases |
|
Sales |
|
Dividend |
|
Value |
|
Value |
| |||||
|
Atea ASA |
|
6,963 |
|
$ |
9,829 |
|
$ |
0 |
|
$ |
7,869 |
|
$ |
63,525 |
|
$ |
79,465 |
|
|
gategroup Holding AG |
|
1,640 |
|
0 |
|
0 |
|
558 |
|
41,984 |
|
44,572 |
| |||||
|
Goodman Fielder, Ltd. |
|
109,393 |
|
11,841 |
|
3,002 |
|
903 |
|
60,489 |
|
65,811 |
| |||||
|
Kaba Holding AG |
|
194 |
|
30,538 |
|
928 |
|
1,649 |
|
57,500 |
|
96,002 |
| |||||
|
LSL Property Services PLC |
|
8,780 |
|
19,890 |
|
0 |
|
921 |
|
44,805 |
|
56,197 |
| |||||
|
Orbotech, Ltd. (a) |
|
2,395 |
|
0 |
|
16,477 |
|
0 |
|
41,972 |
|
36,350 |
| |||||
|
Premier Farnell PLC |
|
21,775 |
|
22,438 |
|
2,723 |
|
2,008 |
|
56,810 |
|
75,910 |
| |||||
|
Saft Groupe SA |
|
1,428 |
|
2,859 |
|
0 |
|
1,477 |
|
36,977 |
|
54,799 |
| |||||
|
Vitec Group PLC (b) |
|
0 |
|
0 |
|
21,685 |
|
402 |
|
24,417 |
|
0 |
| |||||
|
TOTALS |
|
|
|
$ |
97,395 |
|
$ |
44,815 |
|
$ |
15,787 |
|
$ |
428,479 |
|
$ |
509,106 |
|
(a) Non-income producing security.
(b) Due to transactions during the period ended June 30, 2014, the company is no longer an affiliate.
3. FEDERAL INCOME TAXES
At June 30, 2014 the cost of investments for federal income tax purposes and related composition of unrealized gains and losses for each Fund were as follows (in thousands):
|
Fund |
|
Cost of Investments |
|
Gross Unrealized |
|
Gross Unrealized |
|
Net Unrealized |
|
|
Oakmark |
|
10,712,715 |
|
4,434,940 |
|
(8,767 |
) |
4,426,173 |
|
|
Select |
|
3,937,559 |
|
1,741,321 |
|
(3,417 |
) |
1,737,904 |
|
|
Equity and Income |
|
15,485,816 |
|
5,630,858 |
|
(20,369 |
) |
5,610,489 |
|
|
Global |
|
2,877,531 |
|
809,941 |
|
(22,337 |
) |
787,604 |
|
|
Global Select |
|
1,626,949 |
|
331,428 |
|
(5,736 |
) |
325,692 |
|
|
International |
|
28,749,708 |
|
4,181,119 |
|
(347,735 |
) |
3,833,384 |
|
|
Int’l Small Cap |
|
2,728,324 |
|
470,641 |
|
(69,784 |
) |
400,857 |
|
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 19, 2014 |
|
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 19, 2014 |
|
|
|
|
|
|
|
|
|
|
By: |
/s/ Thomas E. Herman |
|
|
|
Thomas E. Herman |
|
|
|
Principal Financial Officer |
|
|
Date: |
August 19, 2014 |
|
Exhibit 99.CERT
Exh. (a)(1)
I, Kristi L. Rowsell, certify that:
1. I have reviewed this report on Form N-Q of Harris Associates Investment Trust (the “Registrant”);
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the Registrant as of the end of the fiscal quarter for which the report is filed;
4. The Registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the Registrant and have:
(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
(c) Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and
(d) Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and
5. The Registrant’s other certifying officer and I have disclosed to the Registrant’s auditors and the audit committee of the Registrant’s board of trustees:
(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize, and report financial information; and
(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.
Date: August 19, 2014
|
/s/ Kristi L. Rowsell |
|
|
Kristi L. Rowsell |
|
|
Principal Executive Officer |
|
Exh. (a)(2)
I, Thomas E. Herman, certify that:
1. I have reviewed this report on Form N-Q of Harris Associates Investment Trust (the “Registrant”);
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the Registrant as of the end of the fiscal quarter for which the report is filed;
4. The Registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the Registrant and have:
(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
(c) Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and
(d) Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and
5. The Registrant’s other certifying officer and I have disclosed to the Registrant’s auditors and the audit committee of the Registrant’s board of trustees:
(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize, and report financial information; and
(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.
Date: August 19, 2014
|
/s/ Thomas E. Herman |
|
|
Thomas E. Herman |
|
|
Principal Financial Officer |
|