Oakmark Fund	June 30, 2022 (Unaudited)
Schedule of Investments (in thousands)

	Shares		Value
COMMON STOCKS – 92.8%
FINANCIALS – 31.1%
DIVERSIFIED FINANCIALS – 19.9%
Ally Financial, Inc.		13,243	$	443,776
The Charles Schwab Corp.		5,709		360,695
KKR & Co., Inc.		7,430		343,935
Capital One Financial Corp.		3,042		316,946
State Street Corp.		4,868		300,100
The Goldman Sachs Group, Inc.		955		283,654
The Bank of New York Mellon Corp.		5,735		239,187
Intercontinental Exchange, Inc.		2,400		225,696
American Express Co.		1,474		204,367
Moody's Corp.		430		116,912
				2,835,268
BANKS – 6.0%
Citigroup, Inc.		7,724		355,236
Wells Fargo & Co.		7,450		291,817
Bank of America Corp.		6,946		216,213
				863,266
INSURANCE – 5.2%
Willis Towers Watson PLC		1,450		286,215
American International Group, Inc.		5,493		280,847
Reinsurance Group of America, Inc.		1,479		173,476
				740,538
				4,439,072
COMMUNICATION SERVICES – 17.5%
MEDIA & ENTERTAINMENT – 16.5%
Alphabet, Inc., Class A (a)		205		446,563
Meta Platforms, Inc., Class A (a)		2,135		344,333
Netflix, Inc. (a)		1,708		298,695
Pinterest, Inc., Class A (a)		15,000		272,400
Comcast Corp., Class A		6,861		269,230
Charter Communications, Inc., Class A (a)		461		215,758
Take-Two Interactive Software, Inc. (a)		1,700		208,301
Liberty Broadband Corp., Class C (a)		1,350		156,114
The Walt Disney Co. (a)		1,500		141,600
				2,352,994
TELECOMMUNICATION SERVICES – 1.0%
T-Mobile US, Inc. (a)		1,000		134,540
				2,487,534
CONSUMER DISCRETIONARY – 10.7%
AUTOMOBILES & COMPONENTS – 3.7%
General Motors Co. (a)		9,862		313,217
BorgWarner, Inc.		6,500		216,905
				530,122
RETAILING – 3.2%
Amazon.com, Inc. (a)		2,530		268,712
eBay, Inc.		4,598		191,586
				460,298
CONSUMER SERVICES – 2.5%
Booking Holdings, Inc. (a)		122		212,677
Hilton Worldwide Holdings, Inc.		1,302		145,106
				357,783
CONSUMER DURABLES & APPAREL – 1.3%
PulteGroup, Inc.		4,600		182,298
				1,530,501
INFORMATION TECHNOLOGY – 10.4%
SOFTWARE & SERVICES – 9.7%
Fiserv, Inc. (a)		3,800		338,086
Salesforce, Inc. (a)		1,620		267,365
Gartner, Inc. (a)		1,052		254,290
Global Payments, Inc.		1,700		188,088
Workday, Inc., Class A (a)		1,207		168,445
Oracle Corp.		2,300		160,701
				1,376,975
TECHNOLOGY HARDWARE & EQUIPMENT – 0.7%
TE Connectivity, Ltd.		893		101,014
				1,477,989
ENERGY – 9.4%
EOG Resources, Inc. (b)		4,469		493,508
APA Corp. (b)		11,004		384,033
ConocoPhillips (b)		3,156		283,414
Diamondback Energy, Inc. (b)		1,420		172,033
				1,332,988
INDUSTRIALS – 6.9%
CAPITAL GOODS – 5.3%
PACCAR, Inc.		2,000		164,680
Masco Corp.		3,250		164,450
Parker-Hannifin Corp.		640		157,472
General Electric Co.		2,427		154,527
Cummins, Inc.		602		116,505
				757,634
COMMERCIAL & PROFESSIONAL SERVICES – 1.6%
Equifax, Inc.		1,250		228,475
				986,109
HEALTH CARE – 3.4%
HEALTH CARE EQUIPMENT & SERVICES – 2.4%
HCA Healthcare, Inc.		1,500		252,089
Humana, Inc.		213		99,699
				351,788
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES – 1.0%
Regeneron Pharmaceuticals, Inc. (a)		235		138,854
				490,642

OAKMARK FUNDS

Oakmark Fund	June 30, 2022 (Unaudited)
Schedule of Investments (in thousands)

	Shares		Value
COMMON STOCKS – 92.8%  (cont.)
REAL ESTATE – 1.8%
CBRE Group, Inc., Class A (a)		3,468	$	255,280
CONSUMER STAPLES – 1.6%
FOOD, BEVERAGE & TOBACCO – 1.6%
Altria Group, Inc.		5,610		234,330
TOTAL COMMON STOCKS – 92.8%
(Cost $10,584,543)				13,234,445

		Par Value		Value
SHORT-TERM INVESTMENT – 7.8%
REPURCHASE AGREEMENT – 7.8%
Fixed Income Clearing Corp. Repurchase Agreement, 1.44% dated 06/30/22 due 07/01/22, repurchase price $1,108,348, collateralized by United States Treasury Notes, 0.125% - 3.250% due 10/15/24 - 09/30/27, aggregate value plus accrued interest of $1,130,469  (Cost: $1,108,303)	$	1,108,303		1,108,303
TOTAL SHORT-TERM INVESTMENTS – 7.8%
(Cost $1,108,303)				1,108,303
TOTAL INVESTMENTS – 100.6% (Cost $11,692,846)				14,342,748
Liabilities In Excess of Other Assets – (0.6)%				(87,166	)
TOTAL NET ASSETS – 100.0%			$	14,255,582

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

Oakmark.com

Oakmark Fund	June 30, 2022 (Unaudited)
Schedule of Investments (in thousands)

WRITTEN OPTIONS

Description	Exercise Price		Expiration Date	Number of Contracts			Notional Amount			Market Value			Premiums (Received) by Fund			Unrealized Gain/(Loss)
CALLS
ConocoPhillips	$	105.00	8/19/22		(864	)	$	(7,760	)	$	(138	)	$	(916	)	$	778
Diamondback Energy, Inc.	$	155.00	9/16/22		(1,000	)	$	(12,115	)	$	(320	)	$	(1,764	)	$	1,444
EOG Resources, Inc.	$	133.20	10/21/22		(5,790	)	$	(63,945	)	$	(2,635	)	$	(8,459	)	$	5,824
Apa Corp.	$	45.00	10/21/22		(10,058	)	$	(35,102	)	$	(2,147	)	$	(8,289	)	$	6,142
							$	(118,922	)	$	(5,240	)	$	(19,428	)	$	14,188
PUTS
Etsy, Inc.	$	80.00	7/15/22		(25,000	)	$	(183,025	)	$	(22,063	)	$	(17,462	)	$	(4,601	)
Etsy, Inc.	$	85.00	7/15/22		(11,000	)	$	(80,531	)	$	(14,135	)	$	(9,305	)	$	(4,830	)
							$	(263,556	)	$	(36,198	)	$	(26,767	)	$	(9,431	)

OAKMARK FUNDS

Oakmark Select Fund	June 30, 2022 (Unaudited)
Schedule of Investments (in thousands)

	Shares		Value
COMMON STOCKS – 93.8%
FINANCIALS – 26.3%
BANKS – 13.3%
First Citizens BancShares, Inc., Class A		330	$	215,769
Bank of America Corp.		5,962		185,594
Citigroup, Inc.		4,012		184,512
First Citizens BancShares, Inc., Class B		14		8,738
				594,613
DIVERSIFIED FINANCIALS – 9.1%
Ally Financial, Inc.		7,000		234,573
Capital One Financial Corp.		1,646		171,507
				406,080
INSURANCE – 3.9%
American International Group, Inc.		3,410		174,343
				1,175,036
COMMUNICATION SERVICES – 25.5%
MEDIA & ENTERTAINMENT – 25.5%
Alphabet, Inc., Class A (a)		210		457,233
Charter Communications, Inc., Class A (a)		559		261,861
Netflix, Inc. (a)		1,215		212,520
Meta Platforms, Inc., Class A (a)		1,270		204,787
				1,136,401
CONSUMER DISCRETIONARY – 14.2%
RETAILING – 7.8%
Lithia Motors, Inc.		770		211,604
Amazon.com, Inc. (a)		1,300		138,073
				349,677
AUTOMOBILES & COMPONENTS – 3.3%
Lear Corp.		1,150		144,774
CONSUMER SERVICES – 3.1%
Booking Holdings, Inc. (a)		79		137,820
				632,271
ENERGY – 7.1%
APA Corp. (b)		4,542		158,516
EOG Resources, Inc. (b)		1,431		157,999
				316,515
INDUSTRIALS – 7.1%
CAPITAL GOODS – 7.1%
Allison Transmission Holdings, Inc.		4,490		172,641
General Electric Co.		2,253		143,429
				316,070
REAL ESTATE – 6.2%
CBRE Group, Inc., Class A (a)		3,790		278,957
INFORMATION TECHNOLOGY – 4.6%
SOFTWARE & SERVICES – 4.6%
Fiserv, Inc. (a)		2,300		204,631
HEALTH CARE – 2.8%
HEALTH CARE EQUIPMENT & SERVICES – 2.8%
HCA Healthcare, Inc.		740		124,406
TOTAL COMMON STOCKS – 93.8%
(Cost $3,295,276)				4,184,287

		Par Value		Value
SHORT-TERM INVESTMENTS – 6.2%
REPURCHASE AGREEMENT – 6.2%
Fixed Income Clearing Corp. Repurchase Agreement, 1.44% dated 06/30/22 due 07/01/22, repurchase price $276,367, collateralized by a United States Treasury Note, 3.000% due 06/30/24, value plus accrued interest of $281,883  (Cost: $276,356)	$	276,356		276,356
TOTAL SHORT-TERM INVESTMENTS – 6.2%
(Cost $276,356)				276,356
TOTAL INVESTMENTS – 100.0% (Cost $3,571,632)				4,460,643
Other Assets In Excess of Liabilities – 0.0% (c)				647
TOTAL NET ASSETS – 100.0%			$	4,461,290

(a)	Non-income producing security
(b)	All or a portion of this investment is held in connection with one or more options within the Fund.
(c)	Amount rounds to less than 0.1%.

OAKMARK FUNDS

Oakmark Select Fund	June 30, 2022 (Unaudited)
Schedule of Investments (in thousands)

WRITTEN OPTIONS  

Description	Exercise Price		Expiration Date	Number of Contracts			Notional Amount			Market Value			Premiums (Received) by Fund			Unrealized Gain/(Loss)
CALLS
EOG Resources, Inc.	$	133.20	10/21/22		(1,496	)	$	(16,522	)	$	(680	)	$	(2,185	)	$	1,505
APA Corp.	$	45.00	10/21/22		(1,071	)	$	(3,738	)	$	(229	)	$	(883	)	$	654
							$	(20,260	)	$	(909	)	$	(3,068	)	$	2,159

Oakmark.com

Oakmark Global Fund

Global Diversification —June 30, 2022 (Unaudited)

 

		% of Equity Investments
North America			47.6	%
	United States				47.6	%
Europe			45.4	%
	Germany*				15.4	%
	United Kingdom				10.9	%
	Switzerland				9.7	%
	Netherlands*				4.8	%
	Belgium*				2.2	%
	Ireland*				1.5	%
	France*				0.9	%
Asia			6.0	%
	China				4.0	%
	South Korea				1.3	%
	India				0.7	%
Latin America			1.0	%
	Mexico				1.0	%

* Euro currency countries comprise 24.8% of equity investments.

Oakmark Global Fund	June 30, 2022 (Unaudited)
Schedule of Investments (in thousands)

	Shares		Value
COMMON STOCKS – 95.8%
FINANCIALS – 20.5%
BANKS – 7.5%
Lloyds Banking Group PLC (United Kingdom)		90,439	$	46,580
Bank of America Corp. (United States)		1,115		34,723
Axis Bank, Ltd. (India) (a)		955		7,698
				89,001
INSURANCE – 6.7%
Allianz SE (Germany)		192		36,706
Willis Towers Watson PLC (United States)		112		22,107
Prudential PLC (United Kingdom)		1,696		20,976
				79,789
DIVERSIFIED FINANCIALS – 5.7%
Credit Suisse Group AG (Switzerland)		6,285		35,684
Julius Baer Group, Ltd. (Switzerland)		685		31,587
				67,271
REAL ESTATE – 0.6%
Cushman & Wakefield PLC (United Kingdom) (a)		491		7,489
				243,550
CONSUMER DISCRETIONARY – 19.6%
RETAILING – 9.0%
Prosus N.V. (Netherlands)		840		55,000
Alibaba Group Holding, Ltd. (China) (a)		3,282		46,797
Amazon.com, Inc. (United States) (a)		49		5,151
				106,948
AUTOMOBILES & COMPONENTS – 8.7%
General Motors Co. (United States) (a)		1,274		40,465
Mercedes-Benz Group AG (Germany)		558		32,273
Continental AG (Germany)		434		30,224
				102,962
CONSUMER DURABLES & APPAREL – 1.0%
Kering SA (France)		21		10,786
Cie Financiere Richemont SA, Class A (Switzerland)		13		1,373
				12,159
CONSUMER SERVICES – 0.9%
Booking Holdings, Inc. (United States) (a)		6		10,783
				232,852
COMMUNICATION SERVICES – 15.0%
MEDIA & ENTERTAINMENT – 13.5%
Alphabet, Inc., Class A (United States) (a)		34		73,038
Liberty Broadband Corp., Class C (United States) (a)		239		27,638
The Interpublic Group of Cos., Inc. (United States)		1,003		27,620
Pinterest, Inc., Class A (United States) (a)		872		15,830
Grupo Televisa SAB ADR (Mexico) (b)		1,422		11,633
Charter Communications, Inc., Class A (United States) (a)		10		4,732
				160,491
TELECOMMUNICATION SERVICES – 1.5%
Liberty Global PLC, Class A (United Kingdom) (a)		865		18,217
				178,708
INFORMATION TECHNOLOGY – 13.4%
SOFTWARE & SERVICES – 8.8%
Oracle Corp. (United States)		395		27,592
Fiserv, Inc. (United States) (a)		308		27,411
MasterCard, Inc., Class A (United States)		81		25,554
SAP SE (Germany)		272		24,806
				105,363
TECHNOLOGY HARDWARE & EQUIPMENT – 4.6%
TE Connectivity, Ltd. (United States)		480		54,290
				159,653
INDUSTRIALS – 10.7%
CAPITAL GOODS – 9.2%
Daimler Truck Holding AG (Germany) (a)		916		23,905
Howmet Aerospace, Inc. (United States)		667		20,987
CNH Industrial N.V. (United Kingdom)		1,724		19,915
Flowserve Corp. (United States)		587		16,818
Parker-Hannifin Corp. (United States)		62		15,132
Travis Perkins PLC (United Kingdom)		1,106		13,029
				109,786
TRANSPORTATION – 1.5%
Ryanair Holdings PLC ADR (Ireland) (a) (b)		260		17,506
				127,292
HEALTH CARE – 8.8%
HEALTH CARE EQUIPMENT & SERVICES – 4.5%
Tenet Healthcare Corp. (United States) (a)		578		30,372
Humana, Inc. (United States)		51		23,778
				54,150
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES – 4.3%
Bayer AG (Germany)		509		30,236
Novartis AG (Switzerland)		245		20,724
				50,960
				105,110
CONSUMER STAPLES – 3.3%
FOOD, BEVERAGE & TOBACCO – 3.3%
Anheuser-Busch InBev SA/NV (Belgium)		471		25,351
Keurig Dr Pepper, Inc. (United States)		412		14,584
				39,935
MATERIALS – 2.6%
Glencore PLC (Switzerland)		4,129		22,373

OAKMARK FUNDS

Oakmark Global Fund	June 30, 2022 (Unaudited)
Schedule of Investments (in thousands)

	Shares		Value
COMMON STOCKS – 95.8%  (cont.)
MATERIALS – 2.6% (cont.)
Arconic Corp. (United States) (a)		306	$	8,584
				30,957
ENERGY – 1.9%
Nov, Inc. (United States)		1,315		22,233
TOTAL COMMON STOCKS – 95.8% (Cost $895,474)				1,140,290
PREFERRED STOCKS – 1.2%
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS – 1.2%
Samsung Electronics Co., Ltd. (South Korea)		362		14,478
TOTAL PREFERRED STOCKS – 1.2% (Cost $18,652)				14,478
		Par Value		Value
SHORT-TERM INVESTMENT – 2.7%
REPURCHASE AGREEMENT – 2.7%
Fixed Income Clearing Corp. Repurchase Agreement, 1.44% dated 06/30/22 due 07/01/22, repurchase price $32,172, collateralized by a United States Treasury Note, 3.000% due 06/30/24, value plus accrued interest of $32,814  (Cost: $32,171)	$	32,171		32,171
TOTAL SHORT-TERM INVESTMENTS – 2.7% (Cost $32,171)				32,171
TOTAL INVESTMENTS – 99.7% (Cost $946,297)				1,186,939
Foreign Currencies (Cost $0) (d)  – 0.0% (c)				0	(d)
Other Assets In Excess of Liabilities – 0.3%				3,025
TOTAL NET ASSETS – 100.0%			$	1,189,964

(a)	Non-income producing security
(b)	Sponsored American Depositary Receipt
(c)	Amount rounds to less than 0.1%.
(d)	Amount rounds to less than $1,000.

Oakmark.com

Oakmark Global SELECT Fund

Global Diversification —June 30, 2022 (Unaudited)

		% of Equity Investments
North America			53.1	%
	United States				53.1	%
Europe			37.6	%
	Germany*				14.3	%
	United Kingdom				7.8	%
	Switzerland				6.4	%
	Netherlands*				5.8	%
	France*				3.3	%
Asia			9.3	%
	South Korea				6.0	%
	China				3.3	%

* Euro currency countries comprise 23.4% of equity investments.

Oakmark Global Select Fund	June 30, 2022 (Unaudited)
Schedule of Investments (in thousands)

	Shares		Value
COMMON STOCKS – 92.5%
COMMUNICATION SERVICES – 22.2%
MEDIA & ENTERTAINMENT – 22.2%
Alphabet, Inc., Class A (United States) (a)		66	$	143,206
Charter Communications, Inc., Class A (United States) (a)		137		64,188
Netflix, Inc. (United States) (a)		170		29,728
NAVER Corp. (South Korea)		153		28,281
				265,403
FINANCIALS – 19.8%
BANKS – 12.2%
Lloyds Banking Group PLC (United Kingdom)		109,450		56,371
Citigroup, Inc. (United States)		1,128		51,863
Bank of America Corp. (United States)		1,192		37,113
				145,347
INSURANCE – 4.0%
American International Group, Inc. (United States)		946		48,359
DIVERSIFIED FINANCIALS – 3.6%
Credit Suisse Group AG (Switzerland)		7,495		42,550
				236,256
CONSUMER DISCRETIONARY – 18.7%
RETAILING – 12.5%
Prosus N.V. (Netherlands)		1,013		66,294
Amazon.com, Inc. (United States) (a)		426		45,263
Alibaba Group Holding, Ltd. (China) (a)		2,684		38,273
				149,830
AUTOMOBILES & COMPONENTS – 3.5%
Mercedes-Benz Group AG (Germany)		719		41,624
CONSUMER SERVICES – 2.7%
Booking Holdings, Inc. (United States) (a)		19		32,715
				224,169
HEALTH CARE – 11.9%
HEALTH CARE EQUIPMENT & SERVICES – 6.5%
HCA Healthcare, Inc. (United States)		293		49,174
Fresenius Medical Care AG & Co. KGaA (Germany)		587		29,292
				78,466
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES – 5.4%
Bayer AG (Germany)		573		34,047
Novartis AG (Switzerland)		359		30,413
				64,460
				142,926
INFORMATION TECHNOLOGY – 9.0%
SOFTWARE & SERVICES – 9.0%
Fiserv, Inc. (United States) (a)		671		59,716
SAP SE (Germany)		522		47,508
				107,224
REAL ESTATE – 4.0%
CBRE Group, Inc., Class A (United States) (a)		644		47,427
INDUSTRIALS – 3.7%
CAPITAL GOODS – 3.7%
CNH Industrial N.V. (United Kingdom)		2,886		33,333
Daimler Truck Holding AG (Germany) (a)		423		11,054
				44,387
CONSUMER STAPLES – 3.2%
FOOD, BEVERAGE & TOBACCO – 3.2%
Danone SA (France)		682		38,048
TOTAL COMMON STOCKS – 92.5% (Cost $985,638)				1,105,840
PREFERRED STOCKS – 3.3%
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS – 3.3%
Samsung Electronics Co., Ltd. (South Korea)		1,002		40,133
TOTAL PREFERRED STOCKS – 3.3% (Cost $53,805)				40,133
		Par Value		Value
SHORT-TERM INVESTMENTS – 4.1%
REPURCHASE AGREEMENT – 4.1%
Fixed Income Clearing Corp. Repurchase Agreement, 1.44% dated 06/30/22 due 07/01/22, repurchase price $49,151, collateralized by a United States Treasury Note, 0.375% due 09/30/27, value plus accrued interest of $50,132  (Cost: $49,149)	$	49,149		49,149
TOTAL SHORT-TERM INVESTMENTS – 4.1% (Cost $49,149)				49,149
TOTAL INVESTMENTS – 99.9% (Cost $1,088,592)				1,195,122
Foreign Currencies (Cost $766) – 0.1%				766
Liabilities In Excess of Other Assets – 0.0%(b)				(39	)
TOTAL NET ASSETS – 100.0%			$	1,195,849

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

OAKMARK FUNDS

OAKMARK INTERNATIONAL FUND

Global Diversification —June 30, 2022 (Unaudited)

		% of Equity Investments
Europe			85.3	%
	Germany*				26.0	%
	United Kingdom				14.8	%
	France*				14.1	%
	Switzerland				10.1	%
	Netherlands*				7.3	%
	Sweden				4.5	%
	Italy*				3.2	%
	Belgium*				1.9	%
	Ireland*				1.4	%
	Spain*				1.3	%
	Finland*				0.7	%
Asia			9.6	%
	China				4.5	%
	South Korea				2.6	%
	Japan				1.6	%
	India				0.9	%
North America			2.3	%
	Canada				2.3	%
Australasia			1.8	%
	Australia				1.8	%
Latin America			1.0	%
	Mexico				1.0	%

* Euro currency countries comprise 55.9% of equity investments.

Oakmark International Fund	June 30, 2022 (Unaudited)
Schedule of Investments (in thousands)

	Shares		Value
COMMON STOCKS – 95.2%
CONSUMER DISCRETIONARY – 26.5%
AUTOMOBILES & COMPONENTS – 9.5%
Bayerische Motoren Werke AG (Germany)		7,349	$	565,773
Mercedes-Benz Group AG (Germany)		9,052		523,793
Continental AG (Germany)		7,060		491,975
Valeo (France) (a)		14,113		272,495
Toyota Motor Corp. (Japan)		10,407		161,072
				2,015,108
RETAILING – 9.2%
Prosus N.V. (Netherlands)		12,205		799,122
Alibaba Group Holding, Ltd. (China) (b)		37,604		536,252
H & M Hennes & Mauritz AB, Class B (Sweden)		30,552		364,841
Vipshop Holdings, Ltd. ADR (China) (b) (c)		25,793		255,095
				1,955,310
CONSUMER DURABLES & APPAREL – 4.1%
adidas AG (Germany)		1,977		349,690
Kering SA (France)		412		211,678
The Swatch Group AG, Bearer Shares (Switzerland)		774		183,603
Cie Financiere Richemont SA, Class A (Switzerland)		1,083		115,350
				860,321
CONSUMER SERVICES – 3.7%
Accor SA (France) (a) (b)		12,888		348,861
Restaurant Brands International, Inc. (Canada)		3,480		174,520
Trip.com Group, Ltd. (China) (b)		4,464		126,068
Compass Group PLC (United Kingdom)		5,970		122,091
				771,540
				5,602,279
FINANCIALS – 20.9%
BANKS – 10.9%
Intesa Sanpaolo SPA (Italy)		354,151		660,617
Lloyds Banking Group PLC (United Kingdom)		1,278,222		658,335
BNP Paribas SA (France)		13,291		631,857
Axis Bank, Ltd. (India) (b)		23,989		193,433
NatWest Group PLC (United Kingdom)		60,962		161,997
				2,306,239
DIVERSIFIED FINANCIALS – 5.9%
Credit Suisse Group AG (Switzerland)		85,029		482,749
EXOR N.V. (Netherlands)		6,729		419,437
Schroders PLC (United Kingdom)		10,351		336,692
				1,238,878
INSURANCE – 4.1%
Allianz SE (Germany)		2,959		564,714
Prudential PLC (United Kingdom)		25,243		312,203
				876,917
				4,422,034
INDUSTRIALS – 11.3%
CAPITAL GOODS – 9.1%
CNH Industrial N.V. (United Kingdom)		32,731		377,992
Daimler Truck Holding AG (Germany) (b)		13,193		344,385
SKF AB, Class B (Sweden)		20,824		306,360
Siemens AG (Germany)		2,986		303,761
Volvo AB, Class B (Sweden)		15,681		242,781
Komatsu, Ltd. (Japan)		6,987		154,900
Smiths Group PLC (United Kingdom)		7,165		122,066
Rolls-Royce Holdings PLC (United Kingdom) (b)		75,071		75,803
				1,928,048
TRANSPORTATION – 1.4%
Ryanair Holdings PLC ADR (Ireland) (b) (c)		4,264		286,758
COMMERCIAL & PROFESSIONAL SERVICES – 0.8%
Brambles, Ltd. (Australia)		23,337		172,521
				2,387,327
HEALTH CARE – 9.0%
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES – 4.6%
Bayer AG (Germany)		9,222		548,158
Novartis AG (Switzerland)		3,647		308,875
Roche Holding AG (Switzerland)		334		111,550
				968,583
HEALTH CARE EQUIPMENT & SERVICES – 4.4%
Fresenius SE & Co. KGaA (Germany)		12,331		373,454
Fresenius Medical Care AG & Co. KGaA (Germany)		5,968		297,885
Koninklijke Philips N.V. (Netherlands)		12,204		262,873
				934,212
				1,902,795
INFORMATION TECHNOLOGY – 8.2%
SOFTWARE & SERVICES – 8.2%
Worldline SA (France) (b)		11,379		421,904
SAP SE (Germany)		4,175		380,354
Open Text Corp. (Canada)		7,842		296,645
Amadeus IT Group SA (Spain) (b)		4,793		266,991
Capgemini SE (France)		1,178		201,822
Edenred (France)		3,809		179,500
				1,747,216
COMMUNICATION SERVICES – 7.2%
MEDIA & ENTERTAINMENT – 5.8%
Publicis Groupe SA (France)		7,093		346,844
NAVER Corp. (South Korea)		1,449		267,884
WPP PLC (United Kingdom)		21,783		218,653
Grupo Televisa SAB ADR (Mexico) (c)		24,908		203,744
Informa PLC (United Kingdom) (b)		28,784		185,286
				1,222,411

OAKMARK FUNDS

Oakmark International Fund	June 30, 2022 (Unaudited)
Schedule of Investments (in thousands)

	Shares		Value
COMMON STOCKS – 95.2%  (cont.)
COMMUNICATION SERVICES – 7.2% (cont.)
TELECOMMUNICATION SERVICES – 1.4%
Liberty Global PLC, Class A (United Kingdom) (b)		13,999	$	294,676
				1,517,087
MATERIALS – 6.8%
Glencore PLC (Switzerland)		80,843		438,023
Holcim AG (Switzerland)		9,632		412,163
thyssenkrupp AG (Germany) (a) (b)		43,878		248,762
Orica, Ltd. (Australia) (a)		17,761		193,332
UPM-Kymmene OYJ (Finland)		4,548		138,273
				1,430,553
CONSUMER STAPLES – 5.3%
FOOD, BEVERAGE & TOBACCO – 3.1%
Anheuser-Busch InBev SA/NV (Belgium)		7,163		385,543
Danone SA (France)		4,815		268,732
				654,275
HOUSEHOLD & PERSONAL PRODUCTS – 2.2%
Henkel AG & Co. KGaA (Germany)		5,136		314,355
Reckitt Benckiser Group PLC (United Kingdom)		2,103		157,974
				472,329
				1,126,604
TOTAL COMMON STOCKS – 95.2%
(Cost $23,522,442)				20,135,895
PREFERRED STOCKS – 1.3%
INFORMATION TECHNOLOGY – 1.3%
TECHNOLOGY HARDWARE & EQUIPMENT – 1.3%
Samsung Electronics Co., Ltd. (South Korea)		6,805		272,524
TOTAL PREFERRED STOCKS – 1.3%
(Cost $391,941)				272,524

		Par Value		Value
SHORT-TERM INVESTMENTS – 3.4%
REPURCHASE AGREEMENT – 2.7%
Fixed Income Clearing Corp. Repurchase Agreement, 1.44% dated 06/30/22 due 07/01/22, repurchase price $562,009, collateralized by United States Treasury Notes, 0.125% - 3.000% due 06/30/24 - 10/15/24, aggregate value plus accrued interest of $573,227  (Cost: $561,987)	$	561,987		561,987
COMMERCIAL PAPER – 0.7%
General Mills Inc., 144A, 1.32% - 1.90%, due 07/05/22 - 07/12/22 (d) (e)		125,550		125,502
Campbell Soup Co., 144A, 2.34%, due 08/10/22 (d) (e)		17,500		17,458
TOTAL COMMERCIAL PAPER – 0.7%
(Cost $142,968)				142,960
TOTAL SHORT-TERM INVESTMENTS – 3.4%
(Cost $704,955)				704,947
TOTAL INVESTMENTS – 99.9% (Cost $24,619,338)				21,113,366
Foreign Currencies (Cost $315) – 0.0% (f)				302
Other Assets In Excess of Liabilities – 0.1%				27,497
TOTAL NET ASSETS – 100.0%			$	21,141,165

(a)	See Note 2 in the Notes to Schedules of Investments regarding investments in affiliated issuers.
(b)	Non-income producing security
(c)	Sponsored American Depositary Receipt
(d)	Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold, normally only to qualified institutional buyers.
(e)	The rate shown represents the annualized yield at the time of purchase; not a coupon rate.
(f)	Amount rounds to less than 0.1%.

Oakmark.com

Oakmark International Fund	June 30, 2022 (Unaudited)
Schedule of Investments (in thousands)

Schedule of Transactions with Affiliated Issuers

Purchase and sale transactions and dividend and interest income earned during the period on these securities are set forth below (in thousands). The industry, country, or geographic region for each of the below affiliates can be found in the Schedule of Investments.

Affiliates	Shares Held		Purchases (Cost)		Sales (Proceeds)		Realized Gain/(Loss)			Change in Unrealized			Dividend Income		Value September 30, 2021		Value June 30, 2022		Percent of Net Assets
Accor SA (a)		12,888	$	22,069	$	152,284		(44,691	)	$	(66,218	)	$	0	$	$589,985	$	348,861		1.7	%
Orica, Ltd. (a)		17,761		11,728		124,335		(72,698	)		111,619			5,168		267,018		193,332		0.9	%
thyssenkrupp AG		43,878		28,618		34,395		(12,105	)		(198,134	)		0		464,778		248,762		1.2	%
Valeo		14,113		20,749		0		0			(118,452	)		5,234		370,198		272,495		1.3	%
TOTAL		88,640	$	83,164	$	311,014	$	(129,494	)	$	(271,185	)	$	10,402	$	1,691,979	$	1,063,450		5.10	%

(a) Due to transactions during the period ended June 30, 2022, the company is no longer an affiliate.

OAKMARK FUNDS

OAKMARK INTERNATIONAL SMALL CAP FUND

Global Diversification —June 30, 2022 (Unaudited)

		% of Equity Investments
Europe			75.6	%
	United Kingdom				20.2	%
	Germany*				11.2	%
	Switzerland				9.7	%
	Sweden				8.4	%
	Italy*				5.5	%
	Finland*				5.3	%
	Spain*				4.4	%
	Netherlands*				3.7	%
	Norway				3.7	%
	Denmark				2.2	%
	Belgium*				0.8	%
	Portugal*				0.5	%
Asia			12.4	%
	South Korea				4.5	%
	Japan				3.9	%
	China				2.7	%
	Indonesia				1.3	%
Australasia			4.9	%
	Australia				4.9	%
Latin America			4.5	%
	Mexico				4.5	%
North America			1.8	%
	Canada				1.8	%
Middle East			0.8	%
	Israel				0.8	%

* Euro currency countries comprise 31.4% of equity investments.

Oakmark International Small Cap Fund	June 30, 2022 (Unaudited)
Schedule of Investments (in thousands)

	Shares			Value
COMMON STOCKS – 97.0%
INDUSTRIALS – 28.7%
CAPITAL GOODS – 14.4%
Konecranes OYJ (Finland)		1,865	$	43,424
Duerr AG (Germany)		1,415		32,566
Travis Perkins PLC (United Kingdom)		2,577		30,356
Metso Outotec Oyj (Finland)		3,188		23,888
Babcock International Group PLC (United Kingdom) (a)		5,765		21,670
Sulzer AG (Switzerland)		242		15,049
Fluidra SA (Spain)		544		11,029
Howden Joinery Group PLC (United Kingdom)		1,345		9,868
dormakaba Holding AG (Switzerland)		2		829
				188,679
COMMERCIAL & PROFESSIONAL SERVICES – 14.3%
Loomis AB (Sweden)		1,660		40,371
Applus Services SA (Spain)		5,128		35,469
ISS A/S (Denmark) (a)		1,743		27,483
Hays PLC (United Kingdom)		18,751		25,473
Mitie Group PLC (United Kingdom)		27,403		18,680
Randstad N.V. (Netherlands)		364		17,608
SThree PLC (United Kingdom)		2,652		11,508
Pagegroup PLC (United Kingdom)		2,102		10,225
				186,817
				375,496
FINANCIALS – 20.5%
DIVERSIFIED FINANCIALS – 13.9%
Julius Baer Group, Ltd. (Switzerland)		981		45,273
Azimut Holding SpA (Italy)		2,101		36,511
EFG International AG (Switzerland)		4,432		32,594
St James's Place PLC (United Kingdom)		2,188		29,370
Abrdn PLC (United Kingdom)		10,772		20,962
Element Fleet Management Corp. (Canada)		1,667		17,379
				182,089
BANKS – 4.3%
BNK Financial Group, Inc. (South Korea)		6,662		34,426
DGB Financial Group, Inc. (South Korea)		3,807		22,311
				56,737
INSURANCE – 2.3%
Talanx AG (Germany)		770		29,315
				268,141
INFORMATION TECHNOLOGY – 11.3%
SOFTWARE & SERVICES – 9.6%
Software AG (Germany)		1,340		44,416
Atea ASA (Norway)		3,176		33,017
BIPROGY, Inc. (Japan)		993		19,754
TeamViewer AG (Germany) (a)		1,966		19,565
Nexi SpA  (Italy) (a)		1,085		8,984
				125,736
TECHNOLOGY HARDWARE & EQUIPMENT – 1.7%
Softwareone Holding AG (Switzerland)		1,837		22,019
				147,755
CONSUMER DISCRETIONARY – 9.5%
AUTOMOBILES & COMPONENTS – 6.2%
Autoliv, Inc. (Sweden)		391		27,969
Pirelli & C SpA (Italy)		5,912		24,015
Vitesco Technologies Group AG (Germany) (a)		431		16,666
Dometic Group AB (Sweden)		2,027		11,891
				80,541
CONSUMER SERVICES – 2.6%
Wynn Macau, Ltd. (China) (a)		50,878		34,560
CONSUMER DURABLES & APPAREL – 0.4%
Gildan Activewear, Inc. (Canada)		167		4,818
RETAILING – 0.3%
Wickes Group PLC (United Kingdom)		2,241		4,501
				124,420
COMMUNICATION SERVICES – 8.1%
MEDIA & ENTERTAINMENT – 6.3%
Megacable Holdings SAB de CV (Mexico)		10,763		26,156
oOh!media, Ltd. (Australia)		25,117		20,977
Schibsted ASA, Class B (Norway)		837		13,644
Hakuhodo DY Holdings, Inc. (Japan)		1,371		12,584
Viaplay Group AB (Sweden) (a)		413		8,464
				81,825
TELECOMMUNICATION SERVICES – 1.8%
Sarana Menara Nusantara Tbk PT (Indonesia)		229,757		16,965
NOS SGPS SA (Portugal)		1,524		6,126
				23,091
				104,916
CONSUMER STAPLES – 6.7%
FOOD, BEVERAGE & TOBACCO – 3.1%
JDE Peet's N.V. (Netherlands)		1,033		29,402
Strauss Group, Ltd. (Israel)		438		10,744
				40,146
HOUSEHOLD & PERSONAL PRODUCTS – 2.4%
Kimberly-Clark de Mexico SAB de CV, Class A (Mexico)		23,012		31,161
FOOD & STAPLES RETAILING – 1.2%
Sugi Holdings Co., Ltd. (Japan)		373		16,335
				87,642
HEALTH CARE – 6.6%
HEALTH CARE EQUIPMENT & SERVICES – 5.8%
Ansell, Ltd. (Australia)		1,949		29,913
ConvaTec Group PLC (United Kingdom)		9,767		26,681
Elekta AB, Class B (Sweden)		2,500		17,268
Healius, Ltd. (Australia)		787		1,993
				75,855

OAKMARK FUNDS

Oakmark International Small Cap Fund	June 30, 2022 (Unaudited)
Schedule of Investments (in thousands)

	Shares		Value
COMMON STOCKS – 97.0%  (cont.)
HEALTH CARE – 6.6% (cont.)
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES – 0.8%
Grifols SA ADR (Spain) (b)		836	$	9,935
				85,790
MATERIALS – 3.7%
DS Smith PLC (United Kingdom)		8,862		29,914
Titan Cement International SA (Belgium)		833		9,605
Incitec Pivot, Ltd. (Australia)		3,888		8,883
				48,402
REAL ESTATE – 1.9%
LSL Property Services PLC (United Kingdom)		4,132		16,849
IWG PLC (Switzerland) (a)		3,436		7,825
				24,674
TOTAL COMMON STOCKS – 97.0%
(Cost $1,516,502)				1,267,236

	Par Value		Value
SHORT-TERM INVESTMENT – 2.3%
REPURCHASE AGREEMENT – 2.3%
Fixed Income Clearing Corp. Repurchase Agreement, 1.44% dated 06/30/22 due 07/01/22, repurchase price $30,529, collateralized by a United States Treasury Note, 3.000% due 06/30/24, value plus accrued interest of $31,139  (Cost: $30,528)	$	30,528		30,528
TOTAL SHORT-TERM INVESTMENTS – 2.3% (Cost $30,528)				30,528
TOTAL INVESTMENTS – 99.3% (Cost $1,547,030)				1,297,764
Foreign Currencies (Cost $382) – 0.0% (c)				382
Other Assets In Excess of Liabilities – 0.7%				9,152
TOTAL NET ASSETS – 100.0%			$	1,307,298

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

Oakmark.com

Oakmark Equity and Income Fund	June 30, 2022 (Unaudited)
Schedule of Investments (in thousands)

	Shares		Value
COMMON STOCKS – 57.8%
FINANCIALS – 12.8%
DIVERSIFIED FINANCIALS – 6.1%
Ally Financial, Inc.		4,607	$	154,367
The Charles Schwab Corp.		1,091		68,923
State Street Corp.		966		59,560
KKR & Co., Inc.		1,284		59,432
BlackRock, Inc.		74		44,887
				387,169
BANKS – 3.4%
Bank of America Corp.		4,473		139,233
Citigroup, Inc.		1,629		74,905
				214,138
INSURANCE – 3.3%
Reinsurance Group of America, Inc.		1,298		152,301
American International Group, Inc.		1,160		59,290
				211,591
				812,898
CONSUMER DISCRETIONARY – 8.7%
AUTOMOBILES & COMPONENTS – 5.7%
General Motors Co. (a)		4,052		128,685
BorgWarner, Inc.		3,140		104,795
Lear Corp.		549		69,130
Thor Industries, Inc.		808		60,362
				362,972
RETAILING – 1.8%
Amazon.com, Inc. (a)		802		85,180
Lithia Motors, Inc.		92		25,338
				110,518
CONSUMER DURABLES & APPAREL – 0.9%
Carter's, Inc.		846		59,647
CONSUMER SERVICES – 0.3%
Booking Holdings, Inc. (a)		11		19,833
				552,970
COMMUNICATION SERVICES – 8.7%
MEDIA & ENTERTAINMENT  – 8.7%
Alphabet, Inc., Class A (a)		130		283,086
Charter Communications, Inc., Class A (a)		274		128,284
Comcast Corp., Class A		1,760		69,066
Meta Platforms, Inc., Class A (a)		245		39,506
Warner Music Group Corp., Class A		1,231		29,995
				549,937
INFORMATION TECHNOLOGY – 5.9%
SOFTWARE & SERVICES – 3.5%
Salesforce, Inc. (a)		463		76,380
Global Payments, Inc.		671		74,250
Fiserv, Inc. (a)		776		69,059
				219,689
TECHNOLOGY HARDWARE & EQUIPMENT – 2.4%
TE Connectivity, Ltd.		1,364		154,323
				374,012
INDUSTRIALS – 5.5%
CAPITAL GOODS – 4.8%
Carlisle Cos., Inc.		580		138,288
Parker-Hannifin Corp.		321		78,957
Howmet Aerospace, Inc.		1,991		62,610
Johnson Controls International PLC		542		25,945
				305,800
COMMERCIAL & PROFESSIONAL SERVICES– 0.7%
KAR Auction Services, Inc. (a)		1,873		27,664
ABM Industries, Inc.		396		17,177
				44,841
				350,641
ENERGY – 4.6%
PDC Energy, Inc.		1,932		119,032
ChampionX Corp.		3,756		74,552
ConocoPhillips		805		72,297
Nov, Inc.		1,615		27,313
				293,194
CONSUMER STAPLES – 3.7%
FOOD, BEVERAGE & TOBACCO – 3.7%
Philip Morris International, Inc.		1,230		121,431
Keurig Dr Pepper, Inc.		3,267		115,612
				237,043
MATERIALS – 3.6%
Glencore PLC		28,371		153,719
Arconic Corp. (a)		1,653		46,360
Sealed Air Corp.		521		30,078
				230,157
HEALTH CARE – 3.2%
HEALTH CARE EQUIPMENT & SERVICES – 3.2%
HCA Healthcare, Inc.		714		120,028
LivaNova PLC (a)		1,280		79,962
				199,990
REAL ESTATE – 1.1%
The Howard Hughes Corp. (a)		1,028		69,973
TOTAL COMMON STOCKS – 57.8%
(Cost $2,668,766)				3,670,815

OAKMARK FUNDS

Oakmark Equity and Income Fund	June 30, 2022 (Unaudited)
Schedule of Investments (in thousands)

	Shares		Value
PREFERRED STOCKS – 0.1%
COMMUNICATION SERVICES – 0.1%
Liberty Broadband Corp. (b), 7.00% ,		224	$	5,815
TOTAL PREFERRED STOCKS – 0.1% (Cost $6,229)				5,815
		Par Value		Value
FIXED INCOME – 38.9%
CORPORATE BONDS – 22.8%
FINANCIALS – 6.0%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust
2.45%, due 10/29/26		19,000		16,545
3.40%, due 10/29/33		9,500		7,501
Ally Financial, Inc.
4.70%(5 year Treasury Constant Maturity Rate + 3.868%) (b) (c)		23,750		18,834
4.75%, due 06/09/27		10,000		9,603
3.875%, due 05/21/24		7,950		7,880
2.20%, due 11/02/28		8,750		7,126
4.70%(5 year Treasury Constant Maturity Rate + 3.868%) (b) (c)		2,000		1,476
Apollo Commercial Real Estate
Finance, Inc. REIT, 144A
4.625%, due 06/15/29 (d)		20,373		15,178
Bank Of America Corp.
2.551% (SOFR + 1.050%), due 02/04/28 (c)		13,575		12,346
Bank of America Corp.		5,000		4,976
4.45%, due 03/03/26
Blackstone Mortgage Trust, Inc.
REIT, 144A 3.75%, due 01/15/27 (d)		27,500		22,413
Citigroup, Inc.
3.40%, due 05/01/26		15,000		14,488
3.352%(3 mo. USD LIBOR + 0.897%), due 04/24/25 (c)		6,360		6,229
CNO Financial Group, Inc.
5.25%, due 05/30/25		5,895		5,986
Equitable Financial Life Global Funding, 144A
1.70%, due 11/12/26 (d)		15,000		13,434
First Citizens BancShares, Inc.
3.375% (TSFR3M + 2.465%), due 03/15/30 (c)		15,000		14,353
Goldman Sachs Group, Inc.
3.615% (SOFR + 1.846%), due 03/15/28 (c)		14,200		13,439
JPMorgan Chase & Co.
1.47%(SOFR + 0.765%), due 09/22/27 (c)		31,000		27,189
2.414%(3 mo. USD LIBOR + 1.230%), due 10/24/23 (c)		19,910		19,906
KKR Group Finance Co. XII LLC,
144A 4.85%, due 05/17/32 (d)		9,000		8,885
LPL Holdings, Inc.,
144A 4.00%, due 03/15/29 (d)		9,350		7,999
Morgan Stanley Domestic Holdings, Inc.
2.95%, due 08/24/22		11,965		11,968
Pershing Square Holdings, Ltd, 144A
3.25%, due 11/15/30 (d)		14,000		11,416
Reinsurance Group of America, Inc.
3.15%, due 06/15/30		6,900		6,096
3.95%, due 09/15/26		4,905		4,827
RGA Global Funding, 144A
2.00%, due 11/30/26 (d)		3,995		3,639
Stifel Financial Corp.
4.00%, due 05/15/30		12,242		11,363
SVB Financial Group
2.10%, due 05/15/28		21,500		18,377
1.80%, due 10/28/26		14,250		12,727
4.25%(5 year Treasury Constant Maturity Rate + 3.074%) (b) (c)		13,900		10,488
The Goldman Sachs Group, Inc.
1.948%(SOFR + 0.913%), due 10/21/27 (c)		13,500		11,948
3.20%, due 02/23/23		7,000		7,002
Wells Fargo & Co.
2.393%(SOFR + 2.100%), due 06/02/28 (c)		11,000		9,851
2.469%(3 mo. USD LIBOR + 1.230%), due 10/31/23 (c)		8,603		8,608
				384,096
INDUSTRIALS – 5.2%
Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons, LP / Albertsons LLC, 144A
3.50%, due 02/15/23 (d)		12,470		12,322
AutoNation, Inc.
3.85%, due 03/01/32		9,250		7,970
Bacardi, Ltd., 144A
4.45%, due 05/15/25 (d)		4,900		4,851
BAT Capital Corp.
3.557%, due 08/15/27		6,965		6,372
2.259%, due 03/25/28		2,975		2,492
BAT International Finance PLC
1.668%, due 03/25/26		4,460		3,947
Carlisle Cos., Inc.
2.20%, due 03/01/32		31,055		24,361
Carrier Global Corp.
2.242%, due 02/15/25		691		657
Delta Air Lines, Inc. / SkyMiles IP, Ltd, 144A
4.75%, due 10/20/28 (d)		18,081		17,079
Fedex Corp. Pass Through Trust
1.875%, due 02/20/34		9,919		8,605
Fortune Brands Home & Security, Inc.
4.00%, due 06/15/25		13,430		13,249
4.00%, due 09/21/23		9,945		9,977
GXO Logistics, Inc.
1.65%, due 07/15/26		6,750		5,890
Hilton Domestic Operating Co., Inc., 144A
4.00%, due 05/01/31 (d)		19,250		15,997
3.625%, due 02/15/32 (d)		18,500		14,696
3.75%, due 05/01/29 (d)		9,000		7,633

Oakmark.com

Oakmark Equity and Income Fund	June 30, 2022 (Unaudited)
Schedule of Investments (in thousands)

		Par Value		Value
FIXED INCOME – 38.9%  (cont.)
CORPORATE BONDS – 22.8%  (cont.)
INDUSTRIALS – 5.2%  (cont.)
Howmet Aerospace, Inc.
3.00%, due 01/15/29	$	25,500	$	21,120
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc., 144A
5.75%, due 04/01/33 (d)		5,000		4,761
Lennox International, Inc.
1.35%, due 08/01/25		2,000		1,832
MIWD Holdco II LLC / MIWD Finance Corp.,144A
5.50%, due 02/01/30 (d)		8,000		6,438
Southwest Airlines Co.
5.125%, due 06/15/27		15,853		16,000
2.625%, due 02/10/30		8,444		7,132
5.25%, due 05/04/25		4,925		5,018
The Boeing Co.
2.70%, due 02/01/27		35,057		31,198
3.625%, due 02/01/31		9,750		8,416
Uber Technologies, Inc., 144A
8.00%, due 11/01/26 (d)		21,430		21,334
7.50%, due 05/15/25 (d)		7,940		7,864
7.50%, due 09/15/27 (d)		4,470		4,330
4.50%, due 08/15/29 (d)		4,710		3,874
US Foods, Inc., 144A
4.75%, due 02/15/29 (d)		5,430		4,747
Viterra Finance BV, 144A
5.25%, due 04/21/32 (d)		19,750		18,355
2.00%, due 04/21/26 (d)		11,400		10,084
				328,601
CONSUMER DISCRETIONARY – 4.1%
Aramark Services, Inc., 144A
6.375%, due 05/01/25 (d)		9,900		9,686
AutoNation, Inc.
1.95%, due 08/01/28		4,940		4,110
Booking Holdings, Inc.
3.55%, due 03/15/28		9,950		9,590
3.60%, due 06/01/26		8,230		8,114
4.625%, due 04/13/30		4,950		4,922
Brunswick Corp.
2.40%, due 08/18/31		30,813		22,802
CCO Holdings LLC / CCO Holdings Capital Corp., 144A
4.75%, due 03/01/30 (d)		2,980		2,549
5.125%, due 05/01/27 (d)		250		236
Charter Communications Operating LLC / Charter Communications Operating Capital
4.20%, due 03/15/28		9,950		9,296
Daimler Trucks Finance North America LLC, 144A
2.50%, due 12/14/31 (d)		3,750		3,056
Dick's Sporting Goods, Inc.
3.15%, due 01/15/32		20,000		15,801
Expedia Group, Inc.
4.625%, due 08/01/27		18,526		17,799
3.25%, due 02/15/30		5,860		4,887
5.00%, due 02/15/26		4,334		4,333
International Game Technology PLC, 144A
6.50%, due 02/15/25 (d)		19,600		19,502
6.25%, due 01/15/27 (d)		200		194
Kontoor Brands, Inc. 144A
4.125%, due 11/15/29 (d)		3,300		2,621
Lear Corp.
2.60%, due 01/15/32		11,880		9,267
3.50%, due 05/30/30		6,950		6,063
Lithia Motors, Inc., 144A
3.875%, due 06/01/29 (d)		8,540		7,254
4.625%, due 12/15/27 (d)		2,980		2,731
M/I Homes, Inc.
3.95%, due 02/15/30		7,100		5,333
Marriott International, Inc.
2.75%, due 10/15/33		13,750		10,813
4.625%, due 06/15/30		9,400		9,012
3.60%, due 04/15/24		3,975		3,938
MGM Resorts International
4.75%, due 10/15/28		13,875		11,668
6.75%, due 05/01/25		9,850		9,665
Sands China, Ltd.
5.40%, due 08/08/28		5,000		3,850
5.125%, due 08/08/25		3,000		2,516
Starbucks Corp.
3.80%, due 08/15/25		9,950		9,906
Tapestry, Inc.
3.05%, due 03/15/32		6,375		5,194
Thor Industries, Inc., 144A
4.00%, due 10/15/29 (d)		19,500		15,444
Under Armour, Inc.
3.25%, due 06/15/26		12,565		10,812
				262,964
ENERGY – 1.7%
Boardwalk Pipelines LP
3.60%, due 09/01/32		3,798		3,213
Chesapeake Energy Corp., 144A
5.875%, due 02/01/29 (d)		14,525		13,697
Diamondback Energy, Inc.
3.125%, due 03/24/31		10,200		8,884
3.50%, due 12/01/29		2,900		2,656
Florida Gas Transmission Co. LLC, 144A
2.30%, due 10/01/31 (d)		14,750		11,964
Hess Midstream Operations LP, 144A
4.25%, due 02/15/30 (d)		20,000		16,749
NOV, Inc.
3.60%, due 12/01/29		14,835		13,323
Parsley Energy LLC / Parsley Finance Corp, 144A
4.125%, due 02/15/28 (d)		20,576		18,729
Schlumberger Holdings Corp., 144A
4.00%, due 12/21/25 (d)		9,830		9,770
Vine Energy Holdings LLC, 144A
6.75%, due 04/15/29 (d)		8,000		7,736
				106,721

OAKMARK FUNDS

Oakmark Equity and Income Fund	June 30, 2022 (Unaudited)
Schedule of Investments (in thousands)

	Par Value		Value
FIXED INCOME – 38.9%  (cont.)
CORPORATE BONDS – 22.8%  (cont.)
COMMUNICATION SERVICES – 1.4%
Charter Communications Operating LLC / Charter Communications Operating Capital
2.30%, due 02/01/32	$	4,665	$	3,530
4.908%, due 07/23/25		2,985		2,992
Magallanes, Inc., 144A
4.054%, due 03/15/29 (d)		3,750		3,435
Netflix, Inc.
4.875%, due 04/15/28		33,740		31,751
5.875%, due 02/15/25		11,940		12,119
5.875%, due 11/15/28		6,965		6,810
Netflix, Inc., 144A
5.375%, due 11/15/29 (d)		4,970		4,697
T-Mobile USA, Inc.
3.75%, due 04/15/27		19,855		19,119
3.50%, due 04/15/25		1,985		1,941
Twitter, Inc., 144A
5.00%, due 03/01/30 (d)		750		711
				87,105
REAL ESTATE – 1.2%
CBRE Services, Inc.
2.50%, due 04/01/31		10,750		8,746
GLP Capital, LP / GLP Financing II, Inc. REIT
5.375%, due 11/01/23		12,000		12,020
4.00%, due 01/15/31		9,425		8,128
5.25%, due 06/01/25		4,975		4,879
5.75%, due 06/01/28		4,975		4,860
5.375%, due 04/15/26		3,925		3,841
Omega Healthcare Investors, Inc. REIT
4.375%, due 08/01/23		3,098		3,107
5.25%, due 01/15/26		1,992		1,972
RHP Hotel Properties, LP / RHP Finance Corp. REIT, 144A
4.50%, due 02/15/29 (d)		20,000		16,958
The Howard Hughes Corp., 144A
4.375%, due 02/01/31 (d)		8,750		6,476
5.375%, due 08/01/28 (d)		3,400		2,847
				73,834
HEALTH CARE – 1.1%
Bio-Rad Laboratories, Inc.
3.70%, due 03/15/32		11,000		9,775
CVS Health Corp.
5.00%, due 12/01/24		6,880		7,010
Embecta Corp., 144A
5.00%, due 02/15/30 (d)		10,000		8,394
Regeneron Pharmaceuticals, Inc.
1.75%, due 09/15/30		20,959		16,804
Universal Health Services, Inc., 144A
1.65%, due 09/01/26 (d)		7,750		6,721
Zimmer Biomet Holdings, Inc.
2.60%, due 11/24/31		21,850		17,885
3.05%, due 01/15/26		4,965		4,767
				71,356
MATERIALS – 0.8%
Anglo American Capital PLC, 144A
2.25%, due 03/17/28 (d)		18,750		16,158
3.875%, due 03/16/29 (d)		1,000		919
Glencore Funding LLC, 144A
3.00%, due 10/27/22 (d)		9,950		9,922
2.625%, due 09/23/31 (d)		10,000		8,058
3.875%, due 10/27/27 (d)		4,950		4,681
Novelis Corp., 144A
3.875%, due 08/15/31 (d)		9,681		7,456
3.25%, due 11/15/26 (d)		4,345		3,673
				50,867
INFORMATION TECHNOLOGY – 0.7%
Apple, Inc.
2.65%, due 02/08/51		6,000		4,422
Broadcom Corp. / Broadcom Cayman Finance, Ltd.
3.50%, due 01/15/28		4,975		4,605
Broadcom, Inc., 144A
3.469%, due 04/15/34 (d)		9,955		8,102
3.419%, due 04/15/33 (d)		6,950		5,746
Dell International LLC / EMC Corp.
5.45%, due 06/15/23		3,927		3,967
Micron Technology, Inc.
2.703%, due 04/15/32		3,500		2,791
Motorola Solutions, Inc.
4.60%, due 02/23/28		2,985		2,887
NortonLifeLock, Inc.,144A
5.00%, due 04/15/25 (d)		1,000		975
NXP BV / NXP Funding LLC / NXP USA, Inc.
2.50%, due 05/11/31		3,750		3,082
Tyco Electronics Group SA
3.70%, due 02/15/26		6,840		6,807
				43,384
CONSUMER STAPLES – 0.4%
Altria Group, Inc.
2.45%, due 02/04/32		30,400		22,895
Smithfield Foods, Inc., 144A
4.25%, due 02/01/27 (d)		995		958
				23,853
UTILITIES – 0.2%
The Southern Co.
3.75% (5 year Treasury Constant Maturity Rate + 2.915%), due 09/15/51 (c)		13,750		11,683
Total Corporate Bonds (Cost $1,619,217)				1,444,464
GOVERNMENT AND AGENCY SECURITIES – 11.2%
U.S. GOVERNMENT NOTES – 11.2%
United States Treasury Notes

Oakmark.com

Oakmark Equity and Income Fund	June 30, 2022 (Unaudited)
Schedule of Investments (in thousands)

	Par Value		Value
FIXED INCOME – 38.9%  (cont.)
GOVERNMENT AND AGENCY SECURITIES – 11.2%  (cont.)
U.S. GOVERNMENT NOTES – 11.2%  (cont.)
2.875%, due 05/15/32	$	200,000	$	197,750
1.25%, due 12/31/26		150,000		138,645
2.00%, due 04/30/24		100,000		98,254
2.375%, due 02/15/42		100,000		84,797
2.00%, due 11/30/22		74,625		74,508
1.125%, due 10/31/26		75,000		69,132
2.125%, due 12/31/22		49,745		49,640
				712,726
Total Government and Agency Securities (Cost $740,023)				712,726
COLLATERALIZED MORTGAGE OBLIGATIONS – 2.7%
Federal Home Loan Mortgage Corporation Multifamily WI Certificates, Series K-147-Class A2
3.00%, due 08/25/32		40,000		37,666
Benchmark Mortgage Trust, Series 2022-B35-Class A5
4.594%, due 05/15/55		25,000		25,291
Federal Home Loan Mortgage Corporation, Series 2022-DNA5-Class A2,144A
3.729% (SOFR30A + 2.950%), due 06/25/42 (c) (d)		20,000		20,000
Federal Home Loan Mortgage Corporation Multifamily WI Certificates, Series K-148-Class A2,  144A
3.50%, due 09/25/32 (d)		20,000		19,592
Federal Home Loan Mortgage Corporation Multifamily Structured Pass Through Certificates, Series K-1522-Class A2
2.361%, due 10/25/36		14,500		12,022
Federal Home Loan Mortgage Corporation STACR REMIC Trust, Series 2022-DNA1-Class M1A, 144A
1.926% (SOFR30A + 1.000%), due 01/25/42 (c) (d)		10,000		9,648
Federal Home Loan Mortgage Corporation Multifamily Structured Pass Through Certificates, Series K-145-Class A2
2.58%, due 06/25/55		10,000		9,122
JP Morgan Mortgage Trust, Series 2020-10-Class B1, Series 2020-10-Class B1  144A
2.813%, due 12/25/51 (d)		10,424		8,433
Federal Home Loan Mortgage Corporation Multifamily Structured Pass Through Certificates, Series K-143-Class A2
2.35%, due 04/25/55		9,000		8,051
Federal National Mortgage Association Connecticut Avenue Securities, Series 2022-R065-Class C, 144A
3.698% (SOFR30A + 2.750%), due 05/25/42 (c) (d)		7,807		7,788
JP Morgan Mortgage Trust, Series 2020-6-Class B1, 144A
3.309%, due 11/25/52 (d)		4,808		4,038
Federal Home Loan Mortgage Corporation Multifamily Structured Pass Through Certificates, Series K-1521-Class A2
2.184%, due 08/25/36		5,000		4,000
Federal Home Loan Mortgage Corporation Multifamily Structured Pass Through Certificates, Series K-1517-Class A2
1.716%, due 07/25/35		4,000		3,092
Federal Home Loan Mortgage Corporation STACR REMIC Trust, Series 2022-DNA3-Class M1A, 144A
2.926% (SOFR30A + 2.000%), due 04/25/42 (c) (d)		1,629		1,604
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS – 2.7% (Cost $171,978)				170,347
BANK LOANS – 1.1%
HEALTH CARE – 0.3%
Medline Borrower, LP Usd Term Loan B
4.92% (1 mo. USD LIBOR + 3.250%), due 10/23/28 (c)		22,578		20,902
ENERGY – 0.3%
Championx Corp. 2022 Term Loan B1
4.49% (1 mo. SOFR + 3.250%), due 06/07/29 (c)		16,500		16,232
INDUSTRIALS – 0.2%
Skymiles IP, Ltd. 2020 Term Loan B
4.81% (1 mo. USD LIBOR + 3.750%), due 10/20/27 (c)		14,000		13,899
Naked Juice LLC Term Loan
5.40% (3 mo. SOFR + 3.250%), due 01/24/29 (c)		1,000		929
				14,828
MATERIALS – 0.2%
Asplundh Tree Expert LLC 2021 Term Loan B
3.42% (1 mo. USD LIBOR + 1.750%), due 09/07/27 (c)		13,794		13,288
FINANCIALS – 0.1%
Allspring Buyer LLC Term Loan B
5.56% (3 mo. USD LIBOR + 3.250%), due 11/01/28 (c)		2,655		2,545
CONSUMER DISCRETIONARY – 0.0%(e)
Rent A Center, Inc. 2021 First Lien Term Loan B
4.94% (1 mo. USD LIBOR + 3.250%), due 02/17/28 (c)		988		886
Total Bank Loans (Cost $71,493)				68,681

OAKMARK FUNDS

Oakmark Equity and Income Fund	June 30, 2022 (Unaudited)
Schedule of Investments (in thousands)

	Par Value		Value
FIXED INCOME – 38.9%  (cont.)
ASSET BACKED SECURITIES – 0.9%
Santander Drive Auto Receivables Trust, Series 2022-3-Class C, 4.49%, due 08/15/29	$	26,000	$	25,547
Santander Drive Auto Receivables Trust, Series 2022-3-Class A3, 3.40%, due 12/15/26		12,000		11,920
BMW Vehicle Owner Trust, Series 2022-A-Class A3, 3.21%, due 08/25/26		10,750		10,629
CCG Receivables Trust, Series 2022-1-Class B,  144A, 4.42%, due 07/16/29 (d)		5,000		4,991
CCG Receivables Trust, Series 2022-1-Class C,144A, 4.67%, due 07/16/29 (d)		3,000		2,995
BMW Vehicle Owner Trust, Series 2022-A-Class A4, 3.44%, due 12/26/28		2,000		1,973
Total Asset Backed Securities (Cost $58,742)				58,055
CONVERTIBLE BOND – 0.2%
Peloton Interactive, Inc., 0.00%, due 02/15/26 (f) (Cost  $15,900)		19,265		12,136
Total Convertible Bond (Cost $15,900)				12,136
TOTAL FIXED INCOME – 38.9% (Cost $2,677,353)				2,466,409
SHORT-TERM INVESTMENTS – 3.0%
REPURCHASE AGREEMENT – 3.0%
Fixed Income Clearing Corp. Repurchase Agreement, 1.44% dated 06/30/22 due 07/01/22, repurchase price $188,155, collateralized by a United States Treasury Note, 3.000% due 06/30/24, value plus accrued interest of $191,910  (Cost: $188,147)		188,147		188,147
TOTAL SHORT-TERM INVESTMENTS – 3.0% (Cost $188,147)				188,147
TOTAL INVESTMENTS – 99.8% (Cost $5,540,495)				6,331,186
Foreign Currencies (Cost $0) (g) – 0.0% (e)				0(g)
Other Assets In Excess of Liabilities – 0.2%				14,030
NET ASSETS – 100.0%			$	6,345,216

(a)	Non-income producing security
(b)	Security is perpetual and has no stated maturity date.
(c)	Floating Rate Note. Rate shown is as of June 30, 2022.
(d)	Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold, normally only to qualified institutional buyers.
(e)	Amount rounds to less than 0.1%.
(f)	Zero Coupon Bond.
(g)	Amount rounds to less than $1,000.
Abbreviations:
	REIT: Real Estate Investment Trust

Oakmark.com

Oakmark Bond Fund	June 30, 2022 (Unaudited)
Schedule of Investments (in thousands)

	Shares		Value
PREFERRED STOCKS – 1.0%
COMMUNICATION SERVICES – 1.0%
Liberty Broadband Corp. (a), 7.00% ,		35	$	896
TOTAL PREFERRED STOCKS – 1.0% (Cost $929)				896

 

	Par Value		Value
FIXED INCOME – 96.2%
CORPORATE BONDS – 45.8%
INDUSTRIALS – 10.5%
AutoNation, Inc.
3.85%, due 03/01/32	$	500		431
BAT Capital Corp.
2.259%, due 03/25/28		1,000		838
Carlisle Cos., Inc.
2.20%, due 03/01/32		500		392
Delta Air Lines, Inc. / SkyMiles IP, Ltd, 144A
4.75%, due 10/20/28 (b)		750		708
Hilton Domestic Operating Co., Inc., 144A
3.625%, due 02/15/32 (b)		1,000		794
Howmet Aerospace, Inc.
3.00%, due 01/15/29		600		497
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc., 144A
5.75%, due 04/01/33 (b)		500		476
Medline Borrower LP , 144A
5.25%, due 10/01/29 (b)		750		616
MIWD Holdco II LLC / MIWD Finance Corp.,144A
5.50%, due 02/01/30 (b)		500		402
Southwest Airlines Co.
5.125%, due 06/15/27		1,000		1,009
The Boeing Co.
2.70%, due 02/01/27		600		534
3.625%, due 02/01/31		150		130
Uber Technologies, Inc., 144A
4.50%, due 08/15/29 (b)		1,100		905
US Foods, Inc., 144A
4.75%, due 02/15/29 (b)		370		324
Viterra Finance BV, 144A
2.00%, due 04/21/26 (b)		1,000		885
5.25%, due 04/21/32 (b)		250		232
				9,173
FINANCIALS – 8.3%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust
2.45%, due 10/29/26		500		435
3.40%, due 10/29/33		500		395
Ally Financial, Inc.
4.70%(5 year Treasury Constant Maturity Rate + 3.481%) (a) (c)		1,000		738
2.20%, due 11/02/28		500		407
Apollo Commercial Real Estate Finance, Inc. REIT, 144A
4.625%, due 06/15/29 (b)		750		559
Blackstone Mortgage Trust, Inc. REIT, 144A
3.75%, due 01/15/27 (b)		1,000		815
Goldman Sachs Group, Inc.
3.615% (SOFR + 1.846%), due 03/15/28 (c)		500		473
KKR Group Finance Co. XII LLC, 144A
4.85%, due 05/17/32 (b)		1,000		987
LPL Holdings, Inc., 144A
4.00%, due 03/15/29 (b)		500		428
Signature Bank/New York NY
4.00% (AMERIBOR + 3.890%), due 10/15/30 (c)		1,000		965
SVB Financial Group
4.25%(5 year Treasury Constant Maturity Rate + 3.074%) (a) (c)		750		566
1.80%, due 10/28/26		500		447
				7,215
ENERGY – 6.5%
Boardwalk Pipelines LP
3.60%, due 09/01/32		1,000		846
Chesapeake Energy Corp., 144A
5.875%, due 02/01/29 (b)		1,117		1,053
Diamondback Energy, Inc.
3.125%, due 03/24/31		500		436
Energy Transfer, LP
4.15%, due 09/15/29		500		458
Hess Midstream Operations LP, 144A
4.25%, due 02/15/30 (b)		750		628
NOV, Inc.
3.60%, due 12/01/29		500		449
Oceaneering International, Inc.
6.00%, due 02/01/28		500		441
Parsley Energy LLC / Parsley Finance Corp, 144A
4.125%, due 02/15/28 (b)		1,500		1,365
				5,676
CONSUMER DISCRETIONARY – 5.4%
Brunswick Corp.
2.40%, due 08/18/31		1,100		814
Daimler Trucks Finance North America LLC, 144A
2.375%, due 12/14/28 (b)		1,000		861
Dick's Sporting Goods, Inc.
3.15%, due 01/15/32		500		395
Kontoor Brands, Inc. 144A
4.125%, due 11/15/29 (b)		500		397
Lithia Motors, Inc., 144A
4.375%, due 01/15/31 (b)		500		426
M/I Homes, Inc.
3.95%, due 02/15/30		500		376
Marriott International, Inc.
2.75%, due 10/15/33		1,000		786
3.125%, due 06/15/26		250		239
Thor Industries, Inc., 144A
4.00%, due 10/15/29 (b)		500		396
				4,690

OAKMARK FUNDS

Oakmark Bond Fund	June 30, 2022 (Unaudited)
Schedule of Investments (in thousands)

	Par Value		Value
FIXED INCOME – 96.2%  (cont.)
CORPORATE BONDS – 45.8%  (cont.)
HEALTH CARE – 4.1%
Bio-Rad Laboratories, Inc.
3.70%, due 03/15/32	$	1,000	$	889
Embecta Corp., 144A
5.00%, due 02/15/30 (b)		500		420
Regeneron Pharmaceuticals, Inc.
1.75%, due 09/15/30		1,250		1,002
Tenet Healthcare Corp.
6.875%, due 11/15/31		500		445
Zimmer Biomet Holdings, Inc.
2.60%, due 11/24/31		1,000		818
				3,574
MATERIALS – 2.5%
Anglo American Capital PLC, 144A
3.875%, due 03/16/29 (b)		1,000		920
Glencore Funding LLC, 144A
2.625%, due 09/23/31 (b)		1,000		806
Novelis Corp., 144A
3.875%, due 08/15/31 (b)		362		279
3.25%, due 11/15/26 (b)		210		177
				2,182
REAL ESTATE – 2.4%
CBRE Services, Inc.
2.50%, due 04/01/31		1,000		813
GLP Capital, LP / GLP Financing II, Inc. REIT
4.00%, due 01/15/31		500		431
Sun Communities Operating, LP REIT
2.70%, due 07/15/31		1,000		806
				2,050
COMMUNICATION SERVICES – 2.1%
Charter Communications Operating LLC / Charter Communications Operating Capital
2.30%, due 02/01/32		270		204
Magallanes, Inc., 144A
4.054%, due 03/15/29 (b)		1,000		916
Twitter, Inc., 144A
5.00%, due 03/01/30 (b)		750		712
				1,832
INFORMATION TECHNOLOGY – 1.9%
Micron Technology, Inc.
2.703%, due 04/15/32		1,000		797
NXP BV / NXP Funding LLC / NXP USA, Inc.
2.50%, due 05/11/31		1,000		822
				1,619
CONSUMER STAPLES – 1.1%
Altria Group, Inc.
2.45%, due 02/04/32		1,250		941
UTILITIES – 1.0%
The Southern Co.
3.75% (5 year Treasury Constant Maturity Rate + 2.915%), due 09/15/51 (c)		1,000		850
Total Corporate Bonds (Cost $46,336)				39,802
GOVERNMENT AND AGENCY SECURITIES – 20.5%
U.S. GOVERNMENT NOTES – 17.8%
United States Treasury Notes
0.875%, due 09/30/26		7,000		6,393
1.25%, due 06/30/28		3,000		2,699
1.375%, due 10/31/28		2,000		1,803
2.875%, due 05/15/32		1,000		989
1.875%, due 11/15/51		1,250		938
1.875%, due 02/15/32		1,000		906
2.50%, due 03/31/27		500		488
United States Treasury Bonds
2.875%, due 05/15/52		500		472
2.00%, due 11/15/41		500		397
2.00%, due 08/15/51		500		386
				15,471
U.S. GOVERNMENT AGENCIES – 2.7%
Federal Home Loan Banks,
0.48%, due 09/10/24		2,500		2,376
Total Government and Agency Securities (Cost $19,522)				17,847
ASSET BACKED SECURITIES – 19.3%
Santander Drive Auto Receivables Trust, Series 2022-3-Class A3, 3.40%, due 12/15/26		3,000		2,980
Ford Credit Auto Lease Trust , Series 2022-DNA3-Class M1A, 3.23%, due 05/15/25		2,500		2,490
BMW Vehicle Owner Trust, Series 2022-A-Class A4, 3.44%, due 12/26/28		2,500		2,466
Capital One Prime Auto Receivables Trust, Series 2022-1-Class A4, 3.32%, due 09/15/27		2,500		2,438
CarMax Auto Owner Trust, Series 2022-2-Class A4, 3.62%, due 09/15/27		1,000		991
Santander Drive Auto Receivables Trust, Series 2022-2-Class C, 3.76%, due 07/16/29		1,000		966
Carvana Auto Receivables Trust, Series 2022-P1-Class D, 4.80%, due 01/10/29		1,000		947
Sierra Timeshare Receivables Funding LLC, Series 2022-1A-Class C, 144A, 3.94%, due 10/20/38 (b)		845		811
Carvana Auto Receivables Trust, Series 2022-Class A1. 144A, 2.31%, due 12/11/28 (b)		734		721

Oakmark.com

Oakmark Bond Fund	June 30, 2022 (Unaudited)
Schedule of Investments (in thousands)

		Par Value		Value
FIXED INCOME – 96.2%  (cont.)
ASSET BACKED SECURITIES – 19.3%  (cont.)
BMW Vehicle Owner Trust, Series 2022-A-Class A3, 3.21%, due 08/25/26	$	500	$	494
CarMax Auto Owner Trust , Series 2022-2-Class D, 4.75%, due 10/16/28		500		493
Santander Drive Auto Receivables Trust, Series 2022-3-Class C, 4.49%, due 08/15/29		500		491
Carvana Auto Receivables Trust, Series 2022-N1-Class D,144A, 4.13%, due 12/11/28 (b)		500		483
Total Asset Backed Securities
(Cost $17,052)				16,771
COLLATERALIZED MORTGAGE OBLIGATIONS – 5.2%
Bank, Series 2022-BNK40-Class A4
3.507%, due 03/15/64		1,000		932
JP Morgan Mortgage Trust, Series 2022-3-Class B1, 144A
3.12%, due 08/25/52 (b)		995		819
Federal Home Loan Mortgage Corporation Multifamily Structured Pass Through Certificates, Series K-072-Class A2
3.444%, due 12/25/27		750		747
Federal National Mortgage Association Connecticut Avenue Securities1, Series 2022-R06-Class 1M2,  144A
4.798% (SOFR30A + 3.850%), due 05/25/42 (b) (c)		500		486
Federal Home Loan Mortgage Corporation STACR REMIC Trust, Series 2022-DNA3-Class M1B, 144A
3.826% (SOFR30A + 2.900%), due 04/25/42 (b) (c)		500		470
Federal Home Loan Mortgage Corporation STACR REMIC Trust, Series 2022-DNA3-Class M1A, 144A
2.926% (SOFR30A + 2.000%), due 04/25/42 (b) (c)		476		469
JP Morgan Mortgage Trust, Series 2016-3-Class B1, 144A
3.281%, due 10/25/46 (b)		300		285
JP Morgan Mortgage Trust, Series 2016-3-Class B2 , 144A
3.281%, due 10/25/46 (b)		204		194
JP Morgan Mortgage Trust, Series 2016-3-Class B3 , 144A
3.281%, due 10/25/46 (b)		121		114
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS – 5.2%
(Cost $4,792)				4,516
BANK LOANS – 4.9%
INDUSTRIALS – 2.2%
Naked Juice LLC Term Loan
5.40% (3 mo. Term SOFR + 3.25%), due 01/24/29 (c)		1,000		929
Skymiles IP, Ltd. 2020 Term Loan B
4.81% (3 mo. USD LIBOR + 3.75%), due 10/20/27 (c)		1,000		993
				1,922
ENERGY – 1.1%
Championx Corp. 2022 Term Loan B1
4.49% (1 mo. Term SOFR + 3.25%), due 06/07/29 (c)		1,000		984
FINANCIALS – 1.0%
Allspring Buyer LLC Term Loan B
5.56% (3 mo. USD LIBOR + 3.25%), due 11/01/28 (c)		885		848
HEALTH CARE – 0.6%
Owens & Minor, Inc. 2022 Term Loan B
4.25% (1 mo. Term SOFR + 3.75%), due 03/29/29 (c)		499		494
Total Bank Loans
(Cost $4,363)				4,248
CONVERTIBLE BOND – 0.5%
Peloton Interactive, Inc., 144A
0.00%, due 02/15/26  (b) (d)
(Cost  $557)		645		406
Total Convertible Bond
(Cost $557)				406
TOTAL FIXED INCOME – 96.2%
(Cost $92,622)				83,590
SHORT-TERM INVESTMENTS – 2.2%
REPURCHASE AGREEMENT – 2.2%
Fixed Income Clearing Corp. Repurchase Agreement, 1.44% dated 06/30/22 due 07/01/22, repurchase price $1,956, collateralized by a United States Treasury Note, 3.000% due 06/30/24, value plus accrued interest of $1,996  (Cost: $1,956)		1,956		1,956
TOTAL SHORT-TERM INVESTMENTS – 2.2%
(Cost $1,956)				1,956
TOTAL INVESTMENTS – 99.4%
(Cost $95,507)				86,442
Other Assets In Excess of Liabilities – 0.6%				504
NET ASSETS – 100.0%			$	86,946

(a)	Security is perpetual and has no stated maturity date.
(b)	Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold, normally only to qualified institutional buyers.
(c)	Floating Rate Note. Rate shown is as of June 30, 2022.
(d)	Zero Coupon Bond.

Abbreviations: 

REIT: Real Estate Investment Trust 

OAKMARK FUNDS 

THE OAKMARK FUNDS

Notes to Schedules of Investments (Unaudited)

1. ORGANIZATION 

The following are the significant accounting policies of Oakmark Fund (“Oakmark”), Oakmark Select Fund (“Select”), Oakmark Global Fund (“Global”), Oakmark Global Select Fund (“Global Select”), Oakmark International Fund (“International”), Oakmark International Small Cap Fund (“Int’l Small Cap”), Oakmark Equity and Income Fund (“Equity and Income”), and Oakmark Bond Fund (“Bond”) collectively referred to as the “Funds,” each a series of Harris Associates Investment Trust (the “Trust”), a Massachusetts business trust, organized on February 1, 1991, which is registered as an open-end management investment company under the Investment Company Act of 1940, as amended (the “1940 Act”) and accordingly follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 946 Financial Services—Investment Companies. Each Fund, other than Select and Global Select, is diversified in accordance with the 1940 Act. The following policies are in conformity with accounting principles generally accepted in the United States of America (“GAAP”).

2. SIGNIFICANT ACCOUNTING POLICIES

Security valuation

The share price is also called the net asset value (the “NAV”) of a share. The NAV of shares of each class is normally determined by the Funds’ custodian as of the close of regular session trading (usually 4:00 p.m. Eastern time) on the New York Stock Exchange (the “NYSE”) on any day on which the NYSE is open for regular trading. If the NYSE is unexpectedly closed on a day it would normally be open for business, or if the NYSE has an unscheduled early closure, the Funds reserve the right to accept purchase and redemption orders and calculate their share price as of the normally scheduled close of regular trading on the NYSE for that day.

The NYSE is closed on Saturdays and Sundays and on New Year’s Day, the third Mondays in January and February, Good Friday, the last Monday in May, Independence Day, Labor Day, Thanksgiving, and Christmas. If one of these holidays falls on a Saturday or Sunday, the NYSE will be closed on the preceding Friday or the following Monday, respectively. A Fund’s NAV will not be calculated on days when the NYSE is closed. The NAV of a class of Fund shares is determined by dividing the value of the assets attributable to that class, less liabilities attributable to that class, by the number of outstanding shares of that class.

Trading in securities of non-U.S. issuers takes place in various markets on some days and at times when the NYSE is not open for trading. In addition, securities of non-U.S. issuers may not trade on some days when the NYSE is open for trading. The value of the Funds’ portfolio holdings may change on days when the NYSE is not open for trading and you cannot purchase or redeem Fund shares.

Equity securities principally traded on securities exchanges in the United States are valued at the last sale price or the official closing price as of the time of valuation on that exchange, or lacking a reported sale price on the principal exchange at the time of valuation, at the most recent bid quotation. Each over-the-counter security traded on the NASDAQ National Market System shall be valued at the NASDAQ Official Closing Price (“NOCP”), or lacking a NOCP at the time of valuation, at the most recent bid quotation. Other over-the-counter securities are valued at the last sales prices at the time of valuation or, lacking any reported sales on that day, at the most recent bid quotations. Each equity security principally traded on a securities exchange outside the United States shall be valued, depending on local convention or regulation, at the last sale price, the last bid or asked price, the mean between the last bid and asked prices, the official closing price, an auction price, or the pricing convention accepted as the official closing price by MSCI for their index calculations. If there are unexpected disruptions in the primary market or valuations from the primary market are deemed suspect, equity securities may be valued based on a pricing composite or valuations from another exchange as of the close of the regular trading hours on the appropriate exchange or other designated time. The market value of exchange-traded securities is determined by using prices provided by one or more independent pricing services, or, as needed, by obtaining market quotations from independent broker-dealers. Short-term debt instruments (i.e., debt instruments whose maturities or expiration dates at the time of acquisition are one year or less) or money market instruments are valued at the latest bid quotation or an evaluated price from an independent pricing service. If a bid quotation or evaluated price from a pricing vendor is not available for short-term debt instrument or money market instrument maturing in 60 days or less from date of valuation, such instruments are valued at amortized cost, which approximates market value. All other debt instruments are valued at the latest bid quotation or at an evaluated price provided by an independent pricing service. The pricing service may use standard inputs, such as benchmark yields, reported trades, broker-dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers, and reference data, including market research publications. For certain security types, additional inputs may be used or some of the standard inputs may not be applicable. Additionally, the pricing service monitors market indicators and industry and economic events, which may serve as a trigger to gather and possibly use additional market data. Options are valued at the mean of the most recent bid and asked quotations. In the event an option is out-of-the-money and no bid is available, a zero value may be assumed as the bid for purposes of calculating the mean of the most recent bid and ask quotations. In the event that designated pricing vendors are unable to provide valuations or timely valuations for Flexible Exchange ("FLEX") options on a given day, each FLEX option purchased or written may be valued using the Option Valuation ("OVME") function on Bloomberg. The OVME function requires objective inputs (strike price, exercise style and expiration dates) to derive a valuation using Bloomberg’s proprietary calculations. FLEX options shall be valued at the mid of the buy and sell valuations produced by OVME. If values or prices are not readily available or are deemed unreliable, or if an event that is expected to affect the value of a portfolio security occurs after the close of the primary market or exchange on which that security is traded and before the close of the NYSE, the security will be valued at a fair value determined in good faith in accordance with Fund policies and procedures approved by the Board. The Funds may use a systematic fair valuation model provided by an independent pricing service to value securities of non-U.S. issuers in order to adjust for changes in value that may occur between the close of certain foreign exchanges and the NYSE. All assets and liabilities initially expressed in foreign currencies are converted into U.S. dollars at a current exchange price quoted by an independent pricing service or any major bank or dealer. If such quotations are not available, the rate of exchange will be determined in good faith in accordance with Fund policies and procedures. Although fair valuation may be more commonly used with equity securities of non-U.S. issuers, it also may be used in a range of other circumstances, including thinly-traded domestic securities or fixed-income securities. When fair value pricing is employed, the value of a portfolio security used by a Fund to calculate its NAV may differ from quoted or published prices for the same security.

Fair value measurement

Various inputs are used in determining the value of each Fund’s investments. These inputs are prioritized into three broad levels as follows:

Level 1 – quoted prices in active markets for identical securities

Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk and others)

Level 3 – significant unobservable inputs (including the assumptions of the Adviser in determining the fair value of investments)

Observable inputs are those based on market data obtained from independent sources and unobservable inputs reflect the Adviser’s own assumptions based on the best information available. The input levels are not necessarily an indication of risk or liquidity associated with investing in those securities.

The following is a summary of the inputs used as of June 30, 2022, in valuing each Fund’s assets and liabilities. Except for the industries or investment types separately stated below, the total amounts for common stocks, fixed income and short-term investments in the table below are presented by industry or investment type in each Fund’s Schedule of Investments. Information on forward foreign currency contracts is presented in each Fund’s Schedule of Investments.

(in thousands)	Quoted Prices in Active Markets for Identical Assets (Level 1)			Other Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Oakmark
Common Stocks	$	13,234,445		$	0	$	0
Short Term Investments		0			1,108,303		0
Call Options Written		(5,240	)		0		0
Put Options Written		(36,198	)		0		0
Total	$	13,193,007		$	1,108,303	$	0
Select
Common Stocks	$	4,184,287		$	0	$	0
Short Term Investments		0			276,356		0
Call Options Written		(909	)		0		0
Total	$	4,183,378		$	276,356	$	0
Global
Common Stocks	$	1,140,290		$	0	$	0
Preferred Stocks		14,478			0		0
Short Term Investments		0			32,171		0
Total	$	1,154,768		$	32,171	$	0
Global Select
Common Stocks	$	1,105,840		$	0	$	0
Preferred Stocks		40,133			0		0
Short Term Investments		0			49,149		0
Total	$	1,145,973		$	49,149	$	0
International
Common Stocks	$	20,135,895		$	0	$	0
Preferred Stocks		272,524			0		0
Short Term Investments		0			704,947		0
Total	$	20,408,419		$	704,947	$	0
Int'l Small Cap
Common Stocks	$	1,267,236		$	0	$	0
Short Term Investments		0			30,528		0
Total	$	1,267,236		$	30,528	$	0
Equity and Income
Common Stocks	$	3,670,815		$	0	$	0
Preferred Stocks		5,815			0		0
Corporate Bonds		0			1,444,464		0
Government and Agency Securities		0			712,726		0
Collateralized Mortgage Obligations		0			170,347		0
Bank Loans		0			68,681		0
Asset Backed Securities		0			58,055		0
Convertible Bonds		0			12,136		0
Short Term Investments		0			188,147		0
Total	$	3,676,630		$	2,654,556	$	0

(in thousands)	Quoted Prices in Active Markets for Identical Assets (Level 1)		Other Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Bond
Preferred Stocks	$	896	$	0	$	0
Corporate Bonds		0		39,802		0
Government and Agency Securities		0		17,847		0
Asset Backed Securities		0		16,771		0
Collateralized Mortgage Obligations		0		4,516		0
Bank Loans		0		4,248		0
Convertible Bond		0		406		0
Short Term Investments		0		1,956		0
Total	$	896	$	85,546	$	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, are 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, 2022, none of the Funds had outstanding forward foreign currency contracts.

For the period ended June 30, 2022, the notional value of forward foreign currency contracts opened and the notional value of settled contracts is listed by Fund in the table below (in thousands):

Fund		Currency Contracts Opened		Currency Contracts Settled
Global	$	18,680	$	36,671
Global Select		18,315		33,961
International		371,436		686,505
Int’l Small Cap		19,569		37,033

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. Each Fund may sell shares of when-issued securities. Typically, a Fund sells when-issued securities when a company announces a spin-off or re-organization, and the post-spin-off or post-re-organization shares begin trading on a when-issued basis prior to the effective date of the corporate action. A sale of a when-issued security is treated as a short sale for accounting purposes. After the effective date, when shares of the new company are received, any shares sold on a when-issued basis will be delivered to the counterparty. At June 30, 2022, none of the Funds had short sales.

When-issued or delayed-delivery securities

Each Fund may purchase securities on a when-issued or delayed-delivery basis. Although the payment and interest terms of these securities are established at the time a Fund enters into the commitment, the securities may be delivered and paid for a month or more after the date of purchase when their value may have changed. A Fund makes such commitments only with the intention of actually acquiring the securities, but may sell the securities before the settlement date if the Adviser deems it advisable for investment reasons. At June 30, 2022, none of the Funds held when-issued securities.

Accounting for options

When a Fund writes an option, the premium received by the Fund is recorded as a liability and is subsequently adjusted to the current fair value of the option written. Premiums received from writing options that expire are recorded by the Fund on the expiration date as realized gains from option transactions. The difference between the premium and the amount paid on effecting a closing purchase transaction, including brokerage commissions, is also treated as a realized gain, or if the premium is less than the amount paid for the closing purchase transaction, as a realized loss. If a call option is exercised, the premium is added to the proceeds from the sale of the underlying security or currency in determining whether the Fund has realized a gain or a loss. If a put option is exercised, the premium reduces the cost basis of the security or currency purchased by the Fund. In writing an option, the Fund bears the market risk of an unfavorable change in the price of the security or currency underlying the written option. As the writer of a covered call option on a security, a Fund foregoes, during the option's life, the opportunity to profit from increases in the market value of the security covering the call option above the sum of the premium and the exercise price of the call. Exercise of an option written by the Fund could result in the Fund selling or buying a security or currency at a price different from the current fair value. Options written by the Fund do not give rise to counterparty credit risk, as they obligate the Fund, not its counterparties, to perform.

When a Fund purchases an option, the premium paid by the Fund is recorded as an asset and is subsequently adjusted to the current fair value of the option purchased. Purchasing call options tends to increase the Fund’s exposure to the underlying instrument. Purchasing put options tends to decrease the Fund’s exposure to the underlying instrument. Premiums paid for purchasing options that expire are treated as realized losses. Premiums paid for purchasing options that are exercised or closed are added to the amounts paid or offset against the proceeds on the underlying security to determine the realized gain or loss. The risks associated with purchasing put and call options are potential loss of the premium paid and, in the instances of OTC derivatives, the failure of the counterparty to honor its obligation under the contract.

Oakmark, Select, Global, and, Global Select used purchased options during the period ended June 30, 2022. Purchased options outstanding, if any, are listed on the Fund’s Schedule of Investments.

Oakmark, Select, Global and Global Select used options written for tax management purposes during the period ended June 30, 2022. Written options outstanding, if any, are listed on each Fund’s Schedule of Investments.

For the period ended June 30, 2022, the amount of premiums paid (received) for equity options purchased and written are listed by Fund in the table below (in thousands):

	Equity		Equity
	Options		Options
Fund	Purchased		Written
Oakmark	$	57,657	$	(251,515	)
Select		13,911		(92,359	)
Global		6,151		(6,687	)
Global Select		7,124		(8,367	)

Repurchase agreements

Each Fund may invest in repurchase agreements, which are short-term investments whereby the Fund acquires ownership of a debt security and the seller agrees to repurchase the security at a future date at a specified price.

The Funds’ custodian receives delivery of the underlying securities collateralizing repurchase agreements. It is the Funds’ policy that the value of the collateral be at least equal to 102% of the repurchase price, including interest. The Adviser is responsible for determining that the value of the collateral is at all times at least equal to 102% of the repurchase price, including interest. Repurchase agreements could involve certain risks in the event of default or insolvency of the counterparty, including possible delays or restrictions upon a Fund’s ability to dispose of the underlying securities. At June 30, 2022, all of the Funds held repurchase agreements.

Security lending

Each Fund may lend its portfolio securities to broker-dealers and banks. Any such loan must be continuously secured by collateral in cash, cash equivalents or U.S. Treasury or agency securities maintained on a current basis in an amount at least equal to the fair value of the securities loaned by a Fund. The Fund would continue to receive the equivalent of the interest or dividends paid by the issuer on the securities loaned and would also receive an additional return that may be in the form of a fixed fee or a percentage of the earnings on the collateral. The Fund has the right to call the loan and attempt to obtain the securities loaned at any time on notice of not more than five business days. In the event of bankruptcy or other default of the borrower, the Fund could experience delays in liquidating the loan collateral or recovering the loaned securities and incur expenses related to enforcing its rights. There could also be a decline in the value of the collateral or in the fair value of the securities loaned while the Fund seeks to enforce its rights thereto and the Fund could experience subnormal levels of income or lack of access to income during that period. A Fund may not exercise proxy voting rights for a security that is on loan if it is unable to recall the security prior to the record date. The Trust, on behalf of the Funds, has entered into an agreement with State Street to serve as its agent for the purpose of lending securities and maintaining the collateral account.

At June 30, 2022, none of the Funds had securities on loan.

3. INVESTMENTS IN AFFILIATED ISSUERS

A company was considered to be an affiliate of a Fund because that Fund owned 5% or more of the company's voting securities during all or part of the period ended June 30, 2022. Purchase and sale transactions and dividend and interest income earned during the period on these securities are listed after the applicable Fund's Schedule of Investments.

4. SUBSEQUENT EVENTS

The Adviser has evaluated the possibility of subsequent events existing in the Funds' Schedule of Investments. The Adviser has determined that there are no material events that would require adjustment or disclosure in the Funds' Schedule of Investments through the date of the publication of this report..