Oakmark's mutual funds registration filing as of December 22, 1995:
https://www.sec.gov/Archives/edgar/data/872323/0000950131-95-003567.txt

Some history:
https://www.sec.gov/Archives/edgar/data/0000872323/000104746903024284/a2112100z497.txt
497
1
a2112100z497.txt
497
SUPPLEMENT DATED JULY 16, 2003
TO PROSPECTUS OF THE OAKMARK FAMILY OF FUNDS DATED JANUARY 29, 2003
THE OAKMARK SMALL CAP FUND - NEW CO-MANAGER
Edward A. Studzinski, C.F.A., has become co-manager of The Oakmark Small Cap
Fund with James P. Benson. Mr. Studzinski has replaced Clyde S. McGregor. Mr.
McGregor continues to manage The Oakmark Equity and Income Fund with Mr.
Studzinski. Mr. Studzinski joined the Adviser as an analyst in 1995. Previously,
Mr. Studzinski was Vice President and Investment Officer at Mercantile National
Bank of Indiana. He holds an M.B.A. in Marketing and Finance from Northwestern
University (1985), a J.D. from Duke University (1974), and an A.B. in History
from Boston College (1971).
THE OAKMARK FAMILY OF FUNDS - NEW ADDRESS
Effective June 1, 2003, the address for The Oakmark Family of Funds has changed
to:
FOR MAIL: FOR EXPRESS DELIVERY OR COURIER:
The Oakmark Funds The Oakmark Funds
P.O. Box 219558 330 West 9th Street
Kansas City, MO 64121-9558 Kansas City, MO 64105-1514
SUPPJULY03
======================================================
Here is when the fund was liquidated:
https://www.sec.gov/Archives/edgar/data/0000872323/000104746904025313/a2141447z497.txt
497
1
a2141447z497.txt
497
HARRIS ASSOCIATES INVESTMENT TRUST
Supplement dated August 4, 2004
to the Prospectus of The Oakmark Family of Funds dated January 31, 2004
LIQUIDATION OF THE OAKMARK SMALL CAP FUND
On August 4, 2004, the board of trustees of Harris Associates Investment
Trust, upon the recommendation of Harris Associates L.P. (the "Adviser"),
approved a plan to liquidate and terminate The Oakmark Small Cap Fund (the
"Fund"). The liquidation is expected to occur on or about September 28, 2004
(the "Liquidation Date").
As of August 4, 2004, a substantial majority of the Fund's total assets
consisted of cash or cash equivalents, and the balance of the portfolio is
expected to be in cash or cash equivalents before the Liquidation Date. During
this liquidation period, the Adviser has agreed to waive its management fees
payable by the Fund.
The Fund has not accepted any purchases of Fund shares since August 2nd and
will not accept any purchases of Fund shares through the Liquidation Date.
However, at any time prior to the Liquidation Date, you may redeem shares of the
Fund pursuant to the procedures set forth in the prospectus. Beginning August 5,
2004, the Fund will waive the 2% redemption fee on shares held for 90 days or
less.
You may also exchange your shares of the Fund for shares of any other fund
in The Oakmark Family of Funds. No redemption fee will be imposed on such an
exchange transaction.
Shareholders of taxable accounts in the Fund who do not exchange or redeem
their shares prior to the Liquidation Date will have the proceeds of their
account sent to them when the liquidation occurs. The proceeds will be the net
asset value of such shares in the shareholder's account after provision for
charges, taxes, expenses and liabilities.
Absent an instruction to the contrary received by the Oakmark Funds
prior to the Liquidation Date, shares held in an individual retirement
account ("IRA"), SIMPLE IRA, or Coverdell Education Savings Account or in
custodial accounts under a SEP or SARSEP, or in certain other retirement plan
accounts will be exchanged on the Liquidation Date for Oakmark Units of the
Government Portfolio, a money market fund.
HASSUP 804

Yes, it is back again...
https://www.sec.gov/Archives/edgar/data/872323/000110465921092932/tm2121729d1_485apos.htm

From the first piece:

You’ll want to put this money into the stock market, real estate, or another asset class that appreciates. ...
Real estate is almost perfect for this because:

• its value tends to go up,
  
• it is not volatile
  
• you can depreciate it, which reduces your income tax
  
• it’s easily accepted as collateral.

Given that the idea is for you to never sell and that it would be extremely painful for you to sell (with cap gains and net investment income taxes due on both the appreciation and the depreciation), volatility of a buy/hold/die asset seems irrelevant.
Depreciation is permitted only for income producing property, so you couldn't just buy land and depreciate it. You'd have to either manage rental property yourself or pay someone else to do this. Either way, another added cost.
IRS Pub 522, Chapter 2, Depreciation of Rental Property
https://www.irs.gov/publications/p527#en_US_2020_publink1000219022
Collateral? It's at least as easy to to get a margin loan on securities as a real estate loan. Liar loans are still available for investment properties so I guess you could cash out that way. But it would probably cost you more than a margin loan. IB offers rates of 2.6% variable or lower depending on your type of account.
What about property taxes? If this added cost was mentioned in either piece, I missed it. (There was note in the comment section on Calif. property taxes in the first piece, but not in the context of a current cost.)
Though the resemblance is largely superficial, the cited pieces call to mind pitches for whole (or universal) life insurance - you can borrow against the investment tax free and its value passes tax free (aside from estate taxes) to heirs. From the closing paragraph of the second piece:

The result, therefore, is a life without taxes. The principal investment provides, through appreciation, additional wealth, which the Patriotic American Citizen then matches in debt.

From further reading:

-A quickening recovery is reshaping the demand in ways that could create both short‑term and long‑term potential opportunities for investors, Sharps says. Areas that could potentially benefit include the travel and hospitality industries, airlines, restaurants, and medical services.

-The economic recovery largely has been priced into U.S. equities. But earnings per share (EPS) for companies in many other markets have yet to rebound as quickly or strongly as they have for the S&P 500 Index. This creates the potential for non‑U.S. equities to outperform as the recovery broadens, he argues. “The reflation theme plays well in cyclicals, and [non‑U.S.] markets tend to be more cyclical.”
-Floating rate bank loans, Vaselkiv adds, currently offer a particularly attractive combination of relatively high yields and very short duration (an average of 90 days). This could provide benefits all the way through the next Fed tightening cycle, he argues.
-International investors still tend to focus on a handful of well‑known stocks in China’s e‑commerce and technology industries, Thomson says. He thinks more attractive potential opportunities may be available in areas such as biotech, health care, and financial technology. (in China) “China is innovating in these areas, and overall spending on research and development has accelerated.”
-Valuations. Price/earnings multiples in some sectors and stocks imply demanding profit growth expectations, Sharps reiterates. Even relatively strong second‑half results might fail to meet those expectations, generating market volatility.

Another Tool that looks useful slanted towards rich looks good for all.
I would rather use this than borrowing against a house !!
https://www.wsj.com/articles/buy-borrow-die-how-rich-americans-live-off-their-paper-wealth-11625909583
— 5:30 AM ET 07/10/2021
By Rachel Louise Ensign and Richard Rubin
Rising stocks and rock-bottom interest rates have delivered a big perk to rich
Americans: cheap loans that they can use to fund their lifestyles while minimizing their tax bills.
Banks say their wealthy clients are borrowing more than ever before, often using loans backed by their portfolios of stocks and bonds. Morgan Stanley (MS) wealth-management clients have $68.1 billion worth of securities-based and other nonmortgage loans outstanding, more than double five years earlier. Bank of America Corp. (BAC) said it has $62.4 billion in securities-based loans, dwarfing its book of home-equity lines of credit.
The loans have special benefits beyond the flexible repayment terms and low interest rates on offer. They allow borrowers who need cash to avoid selling in a hot market. Startup founders can monetize their stakes without losing control of their companies. The super rich often use these loans as part of a "buy, borrow, die" strategy to avoid capital-gains taxes.
The merely rich are also borrowing against their portfolios. When Tom Anderson started at Merrill Lynch & Co. in Cedar Rapids, Iowa, in 2002, many of his fellow advisers had just one or two securities-based loans in their book of business. Over the years, he encouraged more clients to borrow and noticed peers doing the same. Now it is common for advisers at big firms to have dozens of these loans outstanding, he said. Merrill Lynch is now a part of Bank of America (BAC).
"You could buy a boat, you could go to Disney World, you could buy a company," said Mr. Anderson, who now consults with banks on how to manage the risks associated with these loans. "The tax benefits are stunning."
For borrowers, the calculation is clear: If an asset appreciates faster than the interest rate on the loan, they come out ahead. And under current law, investors and their heirs don't pay income taxes unless their shares are sold. The assets may be subject to estate taxes, but heirs pay capital-gains taxes only when they sell and only on gains since the prior owner's death. The more they can borrow, the longer they can hold appreciating assets. And the longer they hold, the bigger the tax savings.
"Ordinary people don't think about debt the way billionaires think about debt," said Edward McCaffery, a University of Southern California law professor who says he coined the buy-borrow-die phrase. "Once you're already rich, it's simple, it's easy. It's just buy, borrow, die. These are planks of the law that have been in place for 100 years."

From Artisan:
https://www.artisanpartners.com/content/dam/documents/press-releases/mf/Artisan-Non-US-Small-Mid-Growth-Closing-15-July-2021-vR.pdf
or
https://www.artisanpartners.com/individual-investors/news-insights/news/press-releases/2021/artisan-partners-announces-closing-of-the-artisan-non-us-small-mid-growth-strategy.html

https://www.sec.gov/Archives/edgar/data/935015/000119312521215975/d150082d497.htm
Filed pursuant to Rule 497(e)
File Nos. 033-88316 and 811-08932
ARTISAN PARTNERS FUNDS, INC.
Artisan International Small-Mid Fund (the “Fund”)
SUPPLEMENT DATED 15 JULY 2021 TO THE
FUND’S PROSPECTUS
CURRENT AS OF THE DATE HEREOF
Effective after the close of business on 30 July 2021, the Fund is closed to most new investors. The Fund will accept new accounts from certain investors who satisfy new account eligibility requirements. Eligibility requirements are described in Artisan Partners Funds’ prospectus under the heading “Investing with Artisan Partners Funds – Who is Eligible to Invest in a Closed Fund?”
Accordingly, effective 30 July 2021, the following changes will take effect:
1.The following paragraph is added under the heading “Purchase and Sale of Fund Shares” on page 42 of Artisan Partners Funds’ prospectus:
The Fund is closed to most new investors. See “Investing with Artisan Partners Funds — Who is Eligible to Invest in a Closed Fund?” in the Fund’s statutory prospectus for new account eligibility criteria.
2.The following replaces the text under the heading “Who is Eligible to Invest in a Closed Fund?” on pages 101-102 of Artisan Partners Funds’ prospectus in its entirety:
Artisan High Income Fund, Artisan International Small-Mid Fund and Artisan International Value Fund are each closed to most new investors. From time to time, other Funds may also be closed to most new investors. The Funds do not permit investors to pool their investments in order to meet the eligibility requirements, except as otherwise noted below.
If you have been a shareholder in a Fund continuously since it closed, you may make additional investments in that Fund and reinvest your dividends and capital gain distributions in that Fund, even though the Fund has closed, unless Artisan Partners considers such additional purchases to not be in the best interests of the Fund and its other shareholders. An employee benefit plan that is a Fund shareholder may continue to buy shares in the ordinary course of the plan’s operations, even for new plan participants.
You may open a new account in a closed Fund only if that account meets the Fund’s other criteria (for example, minimum initial investment) and:
∎ you beneficially own shares of the closed Fund at the time of your application;
∎ you beneficially own shares in the Funds with combined balances of $250,000;
∎ you receive shares of the closed Fund as a gift from an existing shareholder of the Fund (additional investments generally are not permitted unless you are otherwise eligible to open an account under one of the other criteria listed);
∎ you are transferring or “rolling over” into a Fund IRA account from an employee benefit plan through which you held shares of the Fund (if your plan doesn’t qualify for rollovers you may still open a new account with all or part of the proceeds of a distribution from the plan);
∎ you are purchasing Fund shares through a sponsored fee-based program and shares of the Fund are made available to that program pursuant to an agreement with the Funds or Artisan Partners Distributors LLC and the Funds or Artisan Partners Distributors LLC has notified the sponsor of that program in writing that shares may be offered through such program and has not withdrawn that notification;
∎ you are an employee benefit plan and the Funds or Artisan Partners Distributors LLC has notified the plan in writing that the plan may invest in the Fund and has not withdrawn that notification;
∎ you are an employee benefit plan or other type of corporate, charitable or governmental account sponsored by or affiliated with an organization that also sponsors or is affiliated with (or is related to an organization that sponsors or is affiliated with) another employee benefit plan or corporate, charitable or governmental account that is a shareholder of the Fund at the time of application;
∎ you are a client, employee or associate of an institutional consultant or financial intermediary and the Funds or Artisan Partners Distributors LLC has notified that consultant or financial intermediary in writing that you may invest in the Fund and has not withdrawn that notification;
∎ you are a client of a financial advisor or a financial planner, or an affiliate of a financial advisor or financial planner, who has at least:
○ $2,500,000 of client assets invested with the closed Fund at the time of your application; or
○ $5,000,000 of client assets invested with the Funds or under Artisan Partners’ management at the time of your application and, with respect to Artisan International Value Fund only, the Funds or Artisan Partners Distributors LLC has notified such financial advisor or financial planner, or affiliate of such financial advisor or financial planner, in writing, that you may invest in the Fund and has not withdrawn that notification;
∎ you are an institutional investor that is investing at least $5,000,000 in the Fund and the Fund or Artisan Partners Distributors LLC has notified you in writing that you may invest in the Fund and has not withdrawn that notification (available for investments in Artisan International Small-Mid Fund and Artisan International Value Fund only);
∎ you are a client of Artisan Partners or are an investor in a product managed by Artisan Partners, or you have an existing business relationship with Artisan Partners, and in the judgment of Artisan Partners, your investment in a closed Fund would not adversely affect Artisan Partners’ ability to manage the Fund effectively; or
∎ you are a director or officer of the Funds, or a partner or employee of Artisan Partners or its affiliates, or a member of the immediate family of any of those persons.
A Fund may ask you to verify that you meet one of the guidelines above prior to permitting you to open a new account in a closed Fund. A Fund may permit you to open a new account if the Fund reasonably believes that you are eligible. A Fund also may decline to permit you to open a new account if the Fund believes that doing so would be in the best interests of the Fund and its shareholders, even if you would be eligible to open a new account under these guidelines.
The Funds’ ability to impose the guidelines above with respect to accounts held by financial intermediaries may vary depending on the systems capabilities of those intermediaries, applicable contractual and legal restrictions and cooperation of those intermediaries.
Call us at 800.344.1770 if you have questions about your ability to invest in a closed Fund.

It's often argued that SS COLA should be based on CPI-E rather than CPI-W. That's an argument that cuts both ways.
The latest (Dec 2020) relative weightings of the different basket components of CPI-E and CPI-W can be found here: https://www.bls.gov/cpi/tables/relative-importance/home.htm
Specifically: CPI-W (HTML) and CPI-E (XML)
The linked piece projecting a 6.1% increase specifically highlights gasoline and groceries as basket categories with rapidly increasing prices. These are two categories that are weighted less heavily in CPI-E than CPI-W. Gasoline comprises only 2.142% of the CPI-E basket vs. 3.613% of the CPI-W basket; groceries (food at home) comprise 7.402% of CPI-E vs. 8.962% of CPI-W.
More broadly, the encompassing categories with rapidly rising prices are weighted less heavily in CPI-E than in CPI-W:
Transportation, 12.967% vs 16.853%, and
Food & Beverages, 13.522% vs. 16.650%.
This underweighting in CPI-E of rapidly rising basket categories means that the rise in CPI-E will likely turn out to be significantly less than CPI-W.
What gets weighted more heavily in CPI-E are the broad areas of Medical Care (12.202% vs. 7.594%) and Housing (46.572% vs. 40.874%). These are basket components that have recently experienced much lower inflation.

This overweighting in CPI-E of slower rising basket categories again means that CPI-E will likely be found to have risen significantly less than CPI-W.
The Fed graph below shows Y/Y percentage increases by month for medical (blue) and owner equivalent rent (brown), which is the majority component of housing. The last points on the graph represent Y/Y for June 2021/June 2020. They are 0.433% and 2.343%. Nowhere near 6%.

(You can reconstruct this graph by starting here and editing, changing time periods and adding lines.)
Note that increase in housing expenses is not the same as increase in the price of homes, which is a capital expense. "For the typical homeowner, their housing costs likely haven’t changed too much over the past year."
https://www.marketwatch.com/story/an-inflation-storm-is-coming-for-the-u-s-housing-market-11623419869

It all depends on how long you think the next bear market will last. You need to have enough cash to avoid selling stocks at the bottom to live on. If portfolio ( or SP500 or whatever index you like) value is within 5% of top sell some equities for replacement of that year's expenses. If less than that use the remaining cash/bond portion.
In 1929 it took 32 months to recover but got hit again in 1937 and it took five years.

Good grief.
davor originally quoted the article he linked that incorrectly states,
"That would be the biggest cost-of-living adjustment (COLA) hike since 1983."
The correct statement in that regard is,
"The projected increase of 6.1% for 2022 would be the biggest cost-of-living adjustment (COLA) hike since the 5.8% increase in 2008. The last increase higher than the 2022 projected increase was the 7.4% increase in 1982."
And no, based on the posts I've read here, I would NOT have hired anyone commenting on this thread except msf to any of my former audit departments.
Another recent/worthy article on the topic:
https://www.cnbc.com/2021/07/14/social-security-cost-of-living-increase-for-2022-may-be-largest-in-decades.html

How is that possible when 1990 had a 5.4% increase?

A bit more about how AMG handled the Brandywine funds (Friess Associates):

In 2001, Friess Associates facilitated succession from its founder by partnering with Affiliated Managers Group (AMG), making Friess Associates a majority-owned subsidiary of a public company. In the years following the 2008 financial crisis, senior management determined that Friess Associates needed to restructure to better position the firm to meet the long-term needs of clients and employees. Friess Associates and AMG agreed to terms that returned Friess Associates to private ownership in 2013.

https://friess.com/about/
The management company regained its independence. But the funds were reorganized into AMG owned funds, technically series of Managers Funds (later AMG Managers funds). Friess Associates continued managing them, becoming the subadvisor.
https://www.sec.gov/Archives/edgar/data/780253/000089853113000434/fa_497e.htm
AMG shut down AMG Managers Brandywine Advisors Mid Cap Growth Fund (BWAFX) a year ago.
https://www.mutualfundobserver.com/2020/05/briefly-noted-45/
As I noted above, AMG recently fired Friess Associates as the manager of the remaining funds (Brandywine and Brandywine Blue), hired AMG-affiliated managers, renaming and rebranding the funds. Friess Associates did not go quietly.

Friess Associates, which managed Brandywine Funds on Affiliated Managers Group's (AMG) platform since 2013, [in April] filed preliminary proxy materials with the Securities and Exchange Commission. Reuters reported the firm's plans before the filing, which protests the firm's firing and points out that investors had no say in the termination.
Friess Associates said that investors are being harmed because their money is no longer being managed the way it was when they first invested.
The Global Impact Fund [formerly Brandywine Fund] follows an ESG mandate and the Global Real Return Fund [formerly Brandywine Blue] follows a real return strategy including short positions in global index futures.

https://www.reuters.com/business/finance/fired-fund-manager-friess-battle-amg-over-brandywine-portfolios-2021-04-22/
The denouement of this tale is that Friess Brandywine Funds FBRWX and FBLUX) just launched a week ago. (This is not a recommendation.)
https://friess.com/wp-content/uploads/2021/07/BrandywineFunds.pdf
And the coda is that the founder, Foster Friess, just died last May.
https://www.nytimes.com/2021/05/28/us/politics/foster-friess-dead.html

Promises to be a good mid-year review and site update. (Live from Bellingham!)
If you can make it tomorrow, please sign-up here.

@JD_co USAA has USBLX similar but a slightly higher ER. I also believe Vanguard has a Small cap Tax managed fund (VTMSX) that might be a nice addition to VTMFX.
Click here -
Allocating VTMFX with VTMSX

Good call. VTMSX would be a nice addition to VTMFX.
The equity portion of VTMFX is very similar to VTCLX.
VTCLX is essentially the Russell 1000 index managed for tax efficiency.

Lewis S. Kaufman was the prior portfolio manager at Thornburg's Developing World until he moved to Artisan in June 2015.
From Artisan prospectus
https://www.sec.gov/Archives/edgar/data/935015/000119312520017081/d843301d485bpos.htm#48aa58da-705b-4d3f-b336-162b6489040a_1
Lewis S. Kaufman, CFA— Mr. Kaufman is a Managing Director of Artisan Partners and portfolio manager of Artisan Developing World Fund since its inception in June 2015. Prior to joining Artisan Partners, Mr. Kaufman was a managing director and portfolio manager for Thornburg Investment Management, where he managed the developing world strategy from its inception in 2009 through January 2015. Mr. Kaufman also co-managed the international ADR strategy from 2007 to 2013, after joining Thornburg in 2005 as an associate portfolio manager
I own ARTYX.
Here is last the Thornburg prospectus prior to his departure:
https://www.sec.gov/Archives/edgar/data/816153/000119312515026867/d819451d485bpos.htm#prob819451_154

@JD_co USAA has USBLX similar but a slightly higher ER. I also believe Vanguard has a Small cap Tax managed fund (VTMSX) that might be a nice addition to VTMFX.
Click here -
Allocating VTMFX with VTMSX

Thanks for the HY suggestion, AJ.
I now want to focus on a safe allocation fund with low fees for my taxable account, and I've settled on VTMFX which is roughly 50/50. It will be my core. No more procrastinating.
I can DCA into VTMFX and let the markets do what they may. Bonds are not alluring and equities are not either, so why not split the difference with a 50/ 50 -ish fund? Its not the most DEFENSIVE fund, but there are no guarantees anywhere out there. Can't just sit in cash with inflation running up.
Side note: Frontline has a report airing tomorrow night on the Fed, just before Powell gives updates this Weds/Thursday. I don't think the report will be flattering.

Great choice! Tax free/advantaged and solid returns. What's not to like?

Thanks for the HY suggestion, AJ.
I now want to focus on a safe allocation fund with low fees for my taxable account, and I've settled on VTMFX which is roughly 50/50. It will be my core. No more procrastinating.
I can DCA into VTMFX and let the markets do what they may. Bonds are not alluring and equities are not either, so why not split the difference with a 50/ 50 -ish fund? Its not the most DEFENSIVE fund, but there are no guarantees anywhere out there. Can't just sit in cash with inflation running up.
Side note: Frontline has a report airing tomorrow night on the Fed, just before Powell gives updates this Weds/Thursday. I don't think the report will be flattering.

NY Times article.
"Crucial bridges are decaying. The electricity grid is straining. And climate change, as it worsens storms, floods and wildfires, is intensifying problems. The American Society of Civil Engineers gave the United States a C– in its latest infrastructure report card.
Help may be coming. President Biden has proposed $2 trillion in new infrastructure spending. A compromise between the president and Senate Republicans would provide about half that, though congressional Democrats are pushing for more.
No matter what happens in Washington, infrastructure challenges will endure, and the need will grow. That may create opportunities for such infrastructure stocks as electric utilities, builders of roads and bridges, and owners of railroads and cellular towers. And the mutual funds and exchange-traded funds that specialize in owning those outfits could benefit.
“There are so many tailwinds right now,” said Josh Duitz, manager of the Aberdeen Global Infrastructure Fund. “Two big ones are renewables and 5G.”"
Infrastructure Funds