0001104659-21-130395.txt : 20211027 0001104659-21-130395.hdr.sgml : 20211027 20211027135430 ACCESSION NUMBER: 0001104659-21-130395 CONFORMED SUBMISSION TYPE: 497K PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20211027 DATE AS OF CHANGE: 20211027 EFFECTIVENESS DATE: 20211027 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HARRIS ASSOCIATES INVESTMENT TRUST CENTRAL INDEX KEY: 0000872323 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 497K SEC ACT: 1933 Act SEC FILE NUMBER: 033-38953 FILM NUMBER: 211352233 BUSINESS ADDRESS: STREET 1: HARRIS ASSOCIATES LP STREET 2: 111 S. WACKER DRIVE, SUITE 4600 CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 8004769625 MAIL ADDRESS: STREET 1: HARRIS ASSOCIATES LP STREET 2: 111 S. WACKER DRIVE, SUITE 4600 CITY: CHICAGO STATE: IL ZIP: 60606 0000872323 S000002759 Oakmark Select Fund C000007556 Investor Class OAKLX C000007557 Service Class OARLX C000174797 Advisor Class OAYLX C000174798 Institutional Class OANLX C000225885 R6 Class OAZLX 497K 1 a21-31090_2497k.htm 497K

Harris Associates Investment Trust

Oakmark Select Fund

Supplement dated October 27, 2021 to the Fund's Prospectus, Summary Prospectus, and
Statement of Additional Information, each dated December 15, 2020

Thomas W. Murray, portfolio manager of Oakmark Select Fund (the "Fund") and Vice President, Director of U.S. Research, and analyst of Harris Associates L.P., the Fund's investment adviser, has announced his decision to retire at the end of July 2022. Effective immediately, Mr. Murray will cease his portfolio management and advisory responsibilities, including as Director of U.S. Research, and all references to Mr. Murray are removed from the Fund's Summary Prospectus, Prospectus and Statement of Additional Information. William C. Nygren and Anthony P. Coniaris continue as portfolio managers of the Fund. This supplement supersedes the supplement dated October 26, 2021 regarding this matter.

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.