0001752724-22-076177.txt : 20220329 0001752724-22-076177.hdr.sgml : 20220329 20220329151751 ACCESSION NUMBER: 0001752724-22-076177 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220131 FILED AS OF DATE: 20220329 PERIOD START: 20221031 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OAK ASSOCIATES FUNDS CENTRAL INDEX KEY: 0001050918 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-08549 FILM NUMBER: 22780351 BUSINESS ADDRESS: STREET 1: C/O ULTIMUS FUND SOLUTIONS, LLC STREET 2: 225 PICTORIA DRIVE, SUITE 450 CITY: CINCINNATI STATE: OH ZIP: 45246 BUSINESS PHONE: 513-587-3405 MAIL ADDRESS: STREET 1: C/O ULTIMUS FUND SOLUTIONS, LLC STREET 2: 225 PICTORIA DRIVE, SUITE 450 CITY: CINCINNATI STATE: OH ZIP: 45246 0001050918 S000006539 PIN OAK EQUITY FUND C000017874 PIN OAK EQUITY FUND POGSX NPORT-P 1 primary_doc.xml NPORT-P false 0001050918 XXXXXXXX S000006539 C000017874 Oak Associates Funds 811-08549 0001050918 54930064H3XUADDZTB14 3875 Embassy Parkway Suite 250 Akron 44333 888-462-5386 PIN OAK EQUITY FUND S000006539 549300T2HQ5J5US3GD96 2022-10-31 2022-01-31 N 175621733.35 156624.57 175465108.78 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1552217.95 N M/I Homes, Inc. 5299005M71FH9CCSFB69 M/I Homes, Inc. 55305B101 103901.00000000 NS USD 5505713.99000000 3.137782792420 Long EC CORP US N 1 N N N The Bank of New York Mellon Corporation WFLLPEPC7FZXENRZV188 Bank of New York Mellon Corp./The 064058100 100745.00000000 NS USD 5970148.70000000 3.402470577489 Long EC CORP US N 1 N N Visa Inc 549300JZ4OKEHW3DPJ59 Visa, Inc. 92826C839 31220.00000000 NS USD 7061027.40000000 4.024177484113 Long EC CORP US N 1 N N Assurant Inc. H3F39CAXWQRVWURFXL38 Assurant, Inc. 04621X108 38900.00000000 NS USD 5932639.00000000 3.381093279028 Long EC CORP US N 1 N N N Paypal Holdings Incorporation 5493005X2GO78EFZ3E94 PayPal Holdings, Inc. 70450Y103 26230.00000000 NS USD 4509986.20000000 2.570303709585 Long EC CORP US N 1 N N Taylor Morrison Home Corp 5299009UDLLGLKOOJE30 Taylor Morrison Home Corp. 87724P106 120000.00000000 NS USD 3682800.00000000 2.098878817336 Long EC CORP US N 1 N N N KLA Corporation 549300H0BF5JCG96TJ81 KLA-Tencor Corp. 482480100 18498.00000000 NS USD 7200716.46000000 4.103788217535 Long EC CORP US N 1 N N N Alphabet Inc. 5493006MHB84DD0ZWV18 Alphabet, Inc. 02079K107 7589.00000000 NS USD 20596318.33000000 11.73812758171 Long EC CORP US N 1 N N N Intuitive Surgical Inc. 54930052SRG011710797 Intuitive Surgical, Inc. 46120E602 24120.00000000 NS USD 6854421.60000000 3.906429972122 Long EC CORP US N 1 N N N eBay Inc. OML71K8X303XQONU6T67 eBay, Inc. 278642103 125500.00000000 NS USD 7538785.00000000 4.296458169043 Long EC CORP US N 1 N N N Medtronic Plc 549300GX3ZBSQWUXY261 Medtronic PLC G5960L103 49845.00000000 NS USD 5158459.05000000 2.939877384094 Long EC CORP IE N 1 N N N Alphabet Inc. 5493006MHB84DD0ZWV18 Alphabet, Inc. 02079K305 2085.00000000 NS USD 5642155.95000000 3.215542958500 Long EC CORP US N 1 N N N Amdocs Limited 549300HQV672RJ7RQV66 Amdocs Ltd. G02602103 81587.00000000 NS USD 6191637.43000000 3.528700077781 Long EC CORP GG N 1 N N N Paychex Inc 529900K900DW6SUBM174 Paychex, Inc. 704326107 43649.00000000 NS USD 5140106.24000000 2.929417863037 Long EC CORP US N 1 N N N Illumina Inc SQ95QG8SR5Q56LSNF682 Illumina, Inc. 452327109 19655.00000000 NS USD 6856057.10000000 3.907362066264 Long EC CORP US N 1 N N N Amazon.com, Inc. ZXTILKJKG63JELOEG630 Amazon.com, Inc. 023135106 5120.00000000 NS USD 15316326.40000000 8.728986923094 Long EC CORP US N 1 N N N Quest Diagnostics Incorporated 8MCWUBXQ0WE04KMXBX50 Quest Diagnostics, Inc. 74834L100 15000.00000000 NS USD 2025300.00000000 1.154246570205 Long EC CORP US N 1 N N N Gentex Corp 549300S3UD8XV1MN0287 Gentex Corp. 371901109 252500.00000000 NS USD 7928500.00000000 4.518562154679 Long EC CORP US N 1 N N McKesson Corporation 549300WZWOM80UCFSF54 McKesson Corp. 58155Q103 36500.00000000 NS USD 9370280.00000000 5.340252580784 Long EC CORP US N 1 N N N Gilead Sciences, Inc. 549300WTZWR07K8MNV44 Gilead Sciences, Inc. 375558103 37085.00000000 NS USD 2546997.80000000 1.451569384767 Long EC CORP US N 1 N N N Amgen Inc. 62QBXGPJ34PQ72Z12S66 Amgen, Inc. 031162100 18500.00000000 NS USD 4202090.00000000 2.394829393271 Long EC CORP US N 1 N N N DraftKings Inc 5493008P45UYYL683Z97 DraftKings, Inc. 26142R104 138555.00000000 NS USD 3060679.95000000 1.744323969181 Long EC CORP US N 1 N N GlaxoSmithKline PLC 5493000HZTVUYLO1D793 GlaxoSmithKline PLC 37733W105 111760.00000000 NS USD 5009083.20000000 2.854746014650 Long EC CORP GB N 1 N N N Mount Vernon Liquid Assets Portfolio, LLC N/A Mount Vernon Liquid Assets Portfolio, LLC 000000000 22867331.25000000 PA USD 22867331.25000000 13.03240935419 Long STIV CORP US N N/A N N The Charles Schwab Corporation 549300VSGCJ7E698NM85 Charles Schwab Corp./The 808513105 150351.00000000 NS USD 13185782.70000000 7.514760508046 Long EC CORP US N 1 N N N Meta Platforms Inc BQ4BKCS1HXDV9HN80Z93 Meta Platforms, Inc. 30303M102 23900.00000000 NS USD 7486914.00000000 4.266896166455 Long EC CORP US N 1 N N N 2022-01-31 Oak Associates Funds Gregory Knoth Gregory Knoth SVP, Mutual Fund Controller XXXX NPORT-EX 2 ultimus_5720.htm OAK N-PORT EX FILE JANUARY 2022
White
Oak
Select
Growth
Fund
Schedule
of
Investments
January
31,
2022
-
(Unaudited)
323
COMMON
STOCKS
-
99.53%
Shares
Fair
Value
COMMUNICATIONS
-
18.56%
Internet
Media
&
Services
-
18.56%
Alphabet,
Inc.
-
Class
A
(a)
8,337‌
$
22,560,506‌
Alphabet,
Inc.
-
Class
C
(a)
14,695‌
39,881,789‌
Meta
Platforms,
Inc.
-
Class
A
(a)
68,150‌
21,348,669‌
83,790,964‌
CONSUMER
DISCRETIONARY
-
16.42%
E-Commerce
Discretionary
-
10.41%
Amazon.com,
Inc.
(a)
15,705‌
46,981,036‌
Retail
-
Discretionary
-
6.01%
Lowe's
Cos.,
Inc.
114,390‌
27,150,467‌
FINANCIALS
-
18.54%
Asset
Management
-
8.53%
Charles
Schwab
Corp.
(The)
439,100‌
38,509,070‌
Banking
-
5.12%
JPMorgan
Chase
&
Co.
155,565‌
23,116,959‌
Institutional
Financial
Services
-
0.88%
State
Street
Corp.
(b)
42,200‌
3,987,900‌
Insurance
-
4.01%
Chubb
Ltd.
91,890‌
18,128,059‌
HEALTH
CARE
-
17.38%
Biotech
&
Pharma
-
10.05%
Amgen,
Inc.
82,460‌
18,729,964‌
Novartis
AG
-
ADR
(b)
134,060‌
11,651,155‌
Pfizer,
Inc.
275,700‌
14,526,633‌
Viatris
,
Inc.
31,653‌
473,845‌
45,381,597‌
Health
Care
Facilities
&
Services
-
2.87%
Laboratory
Corp.
of
America
Holdings
(a)
47,770‌
12,962,867‌
Medical
Equipment
&
Devices
-
4.46%
Alcon,
Inc.
(b)
138,000‌
10,595,640‌
Zimmer
Biomet
Holdings,
Inc.
77,390‌
9,520,518‌
20,116,158‌
REAL
ESTATE
-
2.43%
REIT
-
2.43%
Digital
Realty
Trust,
Inc.
(b)
73,490‌
10,966,913‌
TECHNOLOGY
-
26.20%
Semiconductors
-
15.36%
KLA
Corp.
65,835‌
25,627,590‌
NXP
Semiconductors
NV
63,125‌
12,968,400‌
QUALCOMM,
Inc.
122,300‌
21,495,448‌
Skyworks
Solutions,
Inc.
63,196‌
9,259,478‌
69,350,916‌
White
Oak
Select
Growth
Fund
Schedule
of
Investments
(continued)
January
31,
2022
-
(Unaudited)
COMMON
STOCKS
-
99.53%
(Continued)
Shares
Fair
Value
TECHNOLOGY
-
26.20%
(Continued)
Software
-
2.91%
Salesforce.com,
Inc.
(a)
56,375‌
$
13,114,516‌
Technology
Hardware
-
6.04%
Cisco
Systems,
Inc.
490,000‌
27,278,300‌
Technology
Services
-
1.89%
Cognizant
Technology
Solutions
Corp.
-
Class
A
100,000‌
8,542,000‌
TOTAL
COMMON
STOCKS 
(Cost $207,097,134)
449,377,722‌
SHORT-TERM
INVESTMENTS
-
6.62%
Shares
Fair
Value
COLLATERAL
FOR
SECURITIES
LOANED
-
6.62%
Mount
Vernon
Liquid
Assets
Portfolio,
LLC,
0.11%
(c)
29,877,827‌
29,877,827‌
TOTAL
SHORT-TERM
INVESTMENTS
(Cost $29,877,827)
29,877,827‌
TOTAL
INVESTMENTS-
106.15%
(Cost
$236,974,961)
479,255,549‌
Liabilities
in
Excess
of
Other
Assets - (6.15)%
(27,781,282‌)
NET
ASSETS
-
100.00%
$
451,474,267‌
(a)
Non-income
producing
security.  
(b)
Security,
or
a
portion
of
the
security
position,
is
currently
on
loan.
The
total
market
value
of
securities
on
loan
is
$29,586,675
.
(c)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
January
31,
2022.
ADR
-
American
Depositary
Receipt.
Pin
Oak
Equity
Fund
Schedule
of
Investments
January
31,
2022
-
(Unaudited)
COMMON
STOCKS
-
99.17%
Shares
Fair
Value
COMMUNICATIONS
-
19.23%
Internet
Media
&
Services
-
19.23%
Alphabet,
Inc.
-
Class
A
(a)
2,085‌
$
5,642,156‌
Alphabet,
Inc.
-
Class
C
(a)
7,589‌
20,596,318‌
Meta
Platforms,
Inc.
-
Class
A
(a)
23,900‌
7,486,914‌
33,725,388‌
CONSUMER
DISCRETIONARY
-
24.53%
Automotive
-
4.52%
Gentex
Corp.
(b)
252,500‌
7,928,500‌
E-Commerce
Discretionary
-
13.03%
Amazon.com,
Inc.
(a)
5,120‌
15,316,326‌
eBay,
Inc.
125,500‌
7,538,785‌
22,855,111‌
Home
Construction
-
5.24%
M/I
Homes,
Inc.
(a)
103,901‌
5,505,714‌
Taylor
Morrison
Home
Corp.
(a)
120,000‌
3,682,800‌
9,188,514‌
Leisure
Facilities
&
Services
-
1.74%
DraftKings
,
Inc.
-
Class
A
(a)(b)
138,555‌
3,060,680‌
FINANCIALS
-
14.30%
Asset
Management
-
7.52%
Charles
Schwab
Corp.
(The)
150,351‌
13,185,783‌
Institutional
Financial
Services
-
3.40%
Bank
of
New
York
Mellon
Corp.
(The)
(b)
100,745‌
5,970,149‌
Insurance
-
3.38%
Assurant,
Inc.
38,900‌
5,932,639‌
HEALTH
CARE
-
23.95%
Biotech
&
Pharma
-
6.70%
Amgen,
Inc.
18,500‌
4,202,090‌
Gilead
Sciences,
Inc.
37,085‌
2,546,998‌
GlaxoSmithKline
PLC
-
ADR
111,760‌
5,009,083‌
11,758,171‌
Health
Care
Facilities
&
Services
-
6.50%
McKesson
Corp.
36,500‌
9,370,280‌
Quest
Diagnostics,
Inc.
15,000‌
2,025,300‌
11,395,580‌
Medical
Equipment
&
Devices
-
10.75%
Illumina,
Inc.
(a)
19,655‌
6,856,057‌
Intuitive
Surgical,
Inc.
(a)
24,120‌
6,854,422‌
Medtronic
PLC
49,845‌
5,158,459‌
18,868,938‌
TECHNOLOGY
-
17.16%
Semiconductors
-
4.10%
KLA
Corp.
18,498‌
7,200,717‌
Technology
Services
-
13.06%
Amdocs
Ltd.
81,587‌
6,191,638‌
Pin
Oak
Equity
Fund
Schedule
of
Investments
(continued)
January
31,
2022
-
(Unaudited)
COMMON
STOCKS
-
99.17%
(Continued)
Shares
Fair
Value
TECHNOLOGY
-
17.16%
(Continued)
Technology
Services
-
13.06%
(Continued)
Paychex,
Inc.
43,649‌
$
5,140,106‌
PayPal
Holdings,
Inc.
(a)(b)
26,230‌
4,509,986‌
Visa,
Inc.
-
Class
A
(b)
31,220‌
7,061,027‌
22,902,757‌
TOTAL
COMMON
STOCKS 
(Cost $95,504,166)
173,972,927‌
SHORT-TERM
INVESTMENTS
-
13.03%
Shares
Fair
Value
COLLATERAL
FOR
SECURITIES
LOANED
-
13.03%
Mount
Vernon
Liquid
Assets
Portfolio,
LLC,
0.11%
(c)
22,867,331‌
22,867,331‌
TOTAL
SHORT-TERM
INVESTMENTS
(Cost $22,867,331)
22,867,331‌
TOTAL
INVESTMENTS-
112.20%
(Cost
$118,371,497)
196,840,258‌
Liabilities
in
Excess
of
Other
Assets - (12.20)%
(21,399,979‌)
NET
ASSETS
-
100.00%
$
175,440,279‌
(a)
Non-income
producing
security.  
(b)
Security,
or
a
portion
of
the
security
position,
is
currently
on
loan.
The
total
market
value
of
securities
on
loan
is
$22,850,772
.
(c)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
January
31,
2022.
ADR
-
American
Depositary
Receipt.
Rock
Oak
Core
Growth
Fund
Schedule
of
Investments
January
31,
2022
-
(Unaudited)
COMMON
STOCKS
-
99.42%
Shares
Fair
Value
CONSUMER
DISCRETIONARY
-
17.24%
Automotive
-
4.28%
Gentex
Corp.
(a)
15,785‌
$
495,649‌
Home
Construction
-
4.01%
PulteGroup,
Inc.
(a)
8,820‌
464,726‌
Leisure
Facilities
&
Services
-
1.86%
DraftKings
,
Inc.
-
Class
A
(a)
(b)
9,745‌
215,267‌
Leisure
Products
-
2.85%
Thor
Industries,
Inc.
(a)
3,490‌
330,119‌
Wholesale
-
Discretionary
-
4.24%
Pool
Corp.
1,030‌
490,537‌
ENERGY
-
2.30%
Renewable
Energy
-
2.30%
SolarEdge
Technologies,
Inc.
(a)
(b)
1,120‌
266,806‌
FINANCIALS
-
8.35%
Insurance
-
8.35%
Assurant,
Inc.
1,830‌
279,093‌
Hartford
Financial
Services
Group,
Inc.
(The)
9,565‌
687,437‌
966,530‌
HEALTH
CARE
-
21.86%
Biotech
&
Pharma
-
11.67%
Exelixis
,
Inc.
(b)
18,149‌
328,497‌
Jazz
Pharmaceuticals
PLC
(b)
3,655‌
507,716‌
Neurocrine
Biosciences
Inc.
(b)
3,080‌
243,382‌
Viatris
,
Inc.
18,120‌
271,256‌
1,350,851‌
Health
Care
Facilities
&
Services
-
7.90%
Cardinal
Health,
Inc.
(a)
5,770‌
297,559‌
Medpace
Holdings,
Inc.
(b)
1,186‌
210,468‌
Quest
Diagnostics,
Inc.
3,015‌
407,085‌
915,112‌
Medical
Equipment
&
Devices
-
2.29%
Illumina,
Inc.
(a)
(b)
760‌
265,103‌
INDUSTRIALS
-
13.85%
Aerospace
&
Defense
-
2.85%
TransDigm
Group,
Inc.
(b)
535‌
329,661‌
Commercial
Support
Services
-
3.45%
Republic
Services,
Inc.
3,130‌
399,576‌
Machinery
-
7.55%
Colfax
Corp.
(b)
10,855‌
446,358‌
Nordson
Corp.
1,839‌
427,641‌
873,999‌
Rock
Oak
Core
Growth
Fund
Schedule
of
Investments
(continued)
January
31,
2022
-
(Unaudited)
COMMON
STOCKS
-
99.42%
(Continued)
Shares
Fair
Value
MATERIALS
-
4.80%
Construction
Materials
-
4.80%
Carlisle
Cos.,
Inc.
2,485‌
$
555,248‌
REAL
ESTATE
-
3.46%
REIT
-
3.46%
CyrusOne
,
Inc.
(a)
4,465‌
401,180‌
TECHNOLOGY
-
27.56%
Software
-
1.77%
Citrix
Systems,
Inc.
2,015‌
205,409‌
Technology
Hardware
-
20.10%
F5,
Inc.
(b)
2,820‌
585,488‌
NetApp,
Inc.
(a)
5,805‌
502,191‌
Seagate
Technology
PLC
5,760‌
617,184‌
Ubiquiti
Networks,
Inc.
(a)
2,145‌
622,136‌
2,326,999‌
Technology
Services
-
5.69%
Amdocs
Ltd.
2,475‌
187,828‌
Cognizant
Technology
Solutions
Corp.
-
Class
A
5,507‌
470,408‌
658,236‌
TOTAL
COMMON
STOCKS 
(Cost $8,411,935)
11,511,008‌
SHORT-TERM
INVESTMENTS
-
29.89%
Shares
Fair
Value
COLLATERAL
FOR
SECURITIES
LOANED
-
29.89%
Mount
Vernon
Liquid
Assets
Portfolio,
LLC,
0.11%
(c)
3,461,351‌
3,461,351‌
TOTAL
SHORT-TERM
INVESTMENTS
(Cost $3,461,351)
3,461,351‌
TOTAL
INVESTMENTS-
129.31%
(Cost
$11,873,286)
14,972,359‌
Liabilities
in
Excess
of
Other
Assets - (29.31)%
(3,393,822‌)
NET
ASSETS
-
100.00%
$
11,578,537‌
(a)
Security,
or
a
portion
of
the
security
position,
is
currently
on
loan.
The
total
market
value
of
securities
on
loan
is
$3,489,715
.
(b)
Non-income
producing
security.  
(c)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
January
31,
2022.
River
Oak
Discovery
Fund
Schedule
of
Investments
January
31,
2022
-
(Unaudited)
COMMON
STOCKS
-
89.97%
Shares
Fair
Value
COMMUNICATIONS
-
2.78%
Advertising
&
Marketing
-
1.17%
QuinStreet
,
Inc.
(a)
17,875‌
$
287,609‌
Internet
Media
&
Services
-
1.61%
Eventbrite,
Inc.
-
Class
A
(a)
27,530‌
394,505‌
CONSUMER
DISCRETIONARY
-
13.81%
Consumer
Services
-
4.46%
Aaron's
Co.,
Inc.
(The)
3,000‌
63,510‌
Adtalem
Global
Education,
Inc.
(a)
19,770‌
581,633‌
American
Public
Education,
Inc.
(a)
21,012‌
449,447‌
1,094,590‌
Home
Construction
-
6.54%
M/I
Homes,
Inc.
(a)
14,386‌
762,314‌
Taylor
Morrison
Home
Corp.
(a)
27,416‌
841,397‌
1,603,711‌
Retail
-
Discretionary
-
2.81%
Asbury
Automotive
Group,
Inc.
(a)
4,275‌
688,147‌
CONSUMER
STAPLES
-
3.24%
Household
Products
-
3.24%
Edgewell
Personal
Care
Co.
(b)
17,322‌
793,348‌
FINANCIALS
-
14.36%
Asset
Management
-
7.01%
AllianceBernstein
Holding
LP
21,518‌
1,010,270‌
Artisan
Partners
Asset
Management,
Inc.
-
Class
A
(b)
16,381‌
707,823‌
1,718,093‌
Banking
-
2.23%
Dime
Community
Bancshares,
Inc.
15,671‌
547,858‌
Insurance
-
3.68%
CNO
Financial
Group,
Inc.
17,345‌
432,584‌
Selective
Insurance
Group,
Inc.
5,960‌
470,244‌
902,828‌
Specialty
Finance
-
1.44%
PROG
Holdings,
Inc.
(a)(b)
8,850‌
352,319‌
INDUSTRIALS
-
16.96%
Commercial
Support
Services
-
7.77%
Barrett
Business
Services,
Inc.
6,101‌
390,464‌
Korn
Ferry
11,772‌
781,426‌
Vectrus
,
Inc
(a)
15,923‌
732,617‌
1,904,507‌
Electrical
Equipment
-
3.29%
Advanced
Energy
Industries,
Inc.
(b)
9,353‌
806,041‌
Industrial
Support
Services
-
1.87%
Applied
Industrial
Technologies,
Inc.
4,694‌
459,918‌
Machinery
-
3.19%
Kadant
,
Inc.
3,740‌
781,585‌
River
Oak
Discovery
Fund
Schedule
of
Investments
(continued)
January
31,
2022
-
(Unaudited)
COMMON
STOCKS
-
89.97%
(Continued)
Shares
Fair
Value
INDUSTRIALS
-
16.96%
(Continued)
Transportation
Equipment
-
0.84%
Meritor,
Inc.
(a)
9,000‌
$
207,450‌
TECHNOLOGY
-
38.82%
Semiconductors
-
18.42%
Cirrus
Logic,
Inc.
(a)
11,397‌
1,019,348‌
Cohu
,
Inc.
(a)
21,455‌
707,586‌
Diodes,
Inc.
(a)
6,870‌
637,467‌
Kulicke
&
Soffa
Industries,
Inc.
(b)
19,620‌
1,073,018‌
Silicon
Motion
Technology
Corp.
-
ADR
13,665‌
1,079,535‌
4,516,954‌
Software
-
13.99%
Calix,
Inc.
(a)(b)
14,095‌
708,697‌
Cerence
,
Inc.
(a)(b)
8,752‌
555,664‌
Cognyte
Software
Ltd.
(a)
22,970‌
249,224‌
Mandiant
,
Inc.
(a)(b)
34,558‌
521,480‌
NextGen
Healthcare,
Inc.
(a)
35,190‌
679,519‌
Verint
Systems,
Inc.
(a)(b)
13,948‌
715,951‌
3,430,535‌
Technology
Services
-
6.41%
CSG
Systems
International,
Inc.
(b)
7,000‌
397,390‌
LiveRamp
Holdings,
Inc.
(a)(b)
11,920‌
532,228‌
Perficient
,
Inc.
(a)(b)
6,121‌
641,603‌
1,571,221‌
TOTAL
COMMON
STOCKS 
(Cost $17,727,563)
22,061,219‌
SHORT-TERM
INVESTMENTS
-
25.44%
Shares
Fair
Value
COLLATERAL
FOR
SECURITIES
LOANED
-
25.44%
Mount
Vernon
Liquid
Assets
Portfolio,
LLC,
0.11%
(c)
6,236,681‌
6,236,681‌
TOTAL
SHORT-TERM
INVESTMENTS
(Cost $6,236,681)
6,236,681‌
TOTAL
INVESTMENTS-
115.41%
(Cost
$23,964,244)
28,297,900‌
Liabilities
in
Excess
of
Other
Assets - (15.41)%
(3,779,393‌)
NET
ASSETS
-
100.00%
$
24,518,507‌
(a)
Non-income
producing
security.  
(b)
Security,
or
a
portion
of
the
security
position,
is
currently
on
loan.
The
total
market
value
of
securities
on
loan
is
$6,323,883
.
(c)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
January
31,
2022.
ADR
-
American
Depositary
Receipt.
Red
Oak
Technology
Select
Fund
Schedule
of
Investments
January
31,
2022
-
(Unaudited)
COMMON
STOCKS
-
99.54%
Shares
Fair
Value
COMMUNICATIONS
-
16.63%
Internet
Media
&
Services
-
16.63%
Alphabet,
Inc.
-
Class
A
(a)
5,517‌
$
14,929,388‌
Alphabet,
Inc.
-
Class
C
(a)
17,636‌
47,863,575‌
Meta
Platforms,
Inc.
-
Class
A
(a)
143,225‌
44,866,664‌
107,659,627‌
CONSUMER
DISCRETIONARY
-
10.58%
E-Commerce
Discretionary
-
10.58%
Amazon.com,
Inc.
(a)
15,400‌
46,068,638‌
eBay,
Inc.
374,030‌
22,467,982‌
68,536,620‌
REAL
ESTATE
-
2.32%
REIT
-
2.32%
Digital
Realty
Trust,
Inc.
100,770‌
15,037,907‌
TECHNOLOGY
-
70.01%
Semiconductors
-
23.50%
Broadcom,
Inc.
42,220‌
24,735,854‌
Intel
Corp.
557,915‌
27,237,410‌
KLA
Corp.
73,809‌
28,731,629‌
NXP
Semiconductors
NV
113,550‌
23,327,712‌
QUALCOMM,
Inc.
153,200‌
26,926,432‌
Skyworks
Solutions,
Inc.
145,135‌
21,265,180‌
152,224,217‌
Software
-
21.51%
Akamai
Technologies,
Inc.
(a)(b)
136,780‌
15,668,149‌
Check
Point
Software
Technologies
Ltd.
(a)
64,700‌
7,829,347‌
Citrix
Systems,
Inc.
18,280‌
1,863,463‌
Microsoft
Corp.
114,203‌
35,514,849‌
Oracle
Corp.
332,371‌
26,975,230‌
Synopsys,
Inc.
(a)
99,295‌
30,831,098‌
VMware,
Inc.
-
Class
A
160,470‌
20,617,186‌
139,299,322‌
Technology
Hardware
-
15.67%
Apple,
Inc.
302,286‌
52,833,547‌
Cisco
Systems,
Inc.
609,245‌
33,916,669‌
NetApp,
Inc.
170,690‌
14,766,392‌
101,516,608‌
Technology
Services
-
9.33%
Accenture
PLC
-
Class
A
47,580‌
16,823,337‌
Cognizant
Technology
Solutions
Corp.
-
Class
A
135,000‌
11,531,700‌
Global
Payments,
Inc.
93,157‌
13,962,371‌
Visa,
Inc.
-
Class
A
(b)
80,000‌
18,093,600‌
60,411,008‌
TOTAL
COMMON
STOCKS 
(Cost $256,797,424)
644,685,309‌
Red
Oak
Technology
Select
Fund
Schedule
of
Investments
(continued)
January
31,
2022
-
(Unaudited)
SHORT-TERM
INVESTMENTS
-
5.24%
Shares
Fair
Value
COLLATERAL
FOR
SECURITIES
LOANED
-
5.24%
Mount
Vernon
Liquid
Assets
Portfolio,
LLC,
0.11%
(c)
33,938,474‌
33,938,474‌
TOTAL
SHORT-TERM
INVESTMENTS
(Cost $33,938,474)
33,938,474‌
TOTAL
INVESTMENTS-
104.78%
(Cost
$290,735,898)
678,623,783‌
Liabilities
in
Excess
of
Other
Assets - (4.78)%
(30,946,178‌)
NET
ASSETS
-
100.00%
$
647,677,605‌
(a)
Non-income
producing
security.  
(b)
Security,
or
a
portion
of
the
security
position,
is
currently
on
loan.
The
total
market
value
of
securities
on
loan
is
$33,424,109
.
(c)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
January
31,
2022.
Black
Oak
Emerging
Technology
Fund
Schedule
of
Investments
January
31,
2022
-
(Unaudited)
COMMON
STOCKS
-
98.52%
Shares
Fair
Value
COMMUNICATIONS
-
1.22%
Internet
Media
&
Services
-
1.22%
Meta
Platforms,
Inc.
-
Class
A
(a)
2,525‌
$
790,981‌
CONSUMER
DISCRETIONARY
-
5.14%
Automotive
-
2.80%
Tesla,
Inc.
(a)
1,939‌
1,816,300‌
Leisure
Facilities
&
Services
-
2.34%
DraftKings
,
Inc.
-
Class
A
(a)(b)
68,740‌
1,518,467‌
ENERGY
-
3.70%
Renewable
Energy
-
3.70%
SolarEdge
Technologies,
Inc.
(a)
10,055‌
2,395,302‌
HEALTH
CARE
-
3.46%
Medical
Equipment
&
Devices
-
3.46%
Illumina,
Inc.
(a)
6,435‌
2,244,657‌
INDUSTRIALS
-
9.10%
Electrical
Equipment
-
3.58%
Advanced
Energy
Industries,
Inc.
(b)
26,957‌
2,323,154‌
Industrial
Support
Services
-
2.11%
Applied
Industrial
Technologies,
Inc.
14,000‌
1,371,720‌
Machinery
-
3.41%
Nordson
Corp.
9,500‌
2,209,130‌
TECHNOLOGY
-
75.90%
Information
Technology
-
2.27%
Paylocity
Holdings
Corp.
(a)(b)
7,220‌
1,472,736‌
Semiconductors
-
33.38%
Ambarella
,
Inc.
(a)
16,604‌
2,327,051‌
Cirrus
Logic,
Inc.
(a)
33,492‌
2,995,525‌
Cohu
,
Inc.
(a)(b)
59,077‌
1,948,359‌
Diodes,
Inc.
(a)
25,770‌
2,391,198‌
KLA
Corp.
7,590‌
2,954,559‌
Kulicke
&
Soffa
Industries,
Inc.
(b)
49,645‌
2,715,085‌
Lam
Research
Corp.
(b)
2,785‌
1,642,927‌
QUALCOMM,
Inc.
15,497‌
2,723,753‌
Silicon
Motion
Technology
Corp.
-
ADR
24,734‌
1,953,986‌
21,652,443‌
Software
-
19.58%
Calix,
Inc.
(a)(b)
16,424‌
825,799‌
Citrix
Systems,
Inc.
7,595‌
774,234‌
Cognyte
Software
Ltd.
(a)
32,933‌
357,323‌
Concentrix
Corp.
12,000‌
2,411,880‌
Fortinet,
Inc.
(a)(b)
4,160‌
1,236,518‌
NextGen
Healthcare,
Inc.
(a)
88,315‌
1,705,363‌
Palo
Alto
Networks,
Inc.
(a)
4,125‌
2,134,275‌
Salesforce.com,
Inc.
(a)
7,480‌
1,740,072‌
Black
Oak
Emerging
Technology
Fund
Schedule
of
Investments
(continued)
January
31,
2022
-
(Unaudited)
COMMON
STOCKS
-
98.52%
(Continued)
Shares
Fair
Value
TECHNOLOGY
-
75.90%
(Continued)
Software
-
19.58%
(Continued)
Verint
Systems,
Inc.
(a)(b)
29,477‌
$
1,513,055‌
12,698,519‌
Technology
Hardware
-
10.35%
Apple,
Inc.
20,120‌
3,516,573‌
F5,
Inc.
(a)(b)
7,705‌
1,599,712‌
SYNNEX
Corp.
4,000‌
418,280‌
Ubiquiti
Networks,
Inc.
(b)
4,067‌
1,179,593‌
6,714,158‌
Technology
Services
-
10.32%
Cognizant
Technology
Solutions
Corp.
-
Class
A
9,600‌
820,032‌
CSG
Systems
International,
Inc.
(b)
10,000‌
567,700‌
Jack
Henry
&
Associates,
Inc.
(b)
8,120‌
1,362,617‌
PayPal
Holdings,
Inc.
(a)
10,750‌
1,848,355‌
Perficient
,
Inc.
(a)(b)
11,652‌
1,221,363‌
Science
Applications
International
Corp.
10,665‌
874,850‌
6,694,917‌
TOTAL
COMMON
STOCKS 
(Cost $32,048,436)
63,902,484‌
SHORT-TERM
INVESTMENTS
-
32.27%
Shares
Fair
Value
COLLATERAL
FOR
SECURITIES
LOANED
-
32.27%
Mount
Vernon
Liquid
Assets
Portfolio,
LLC,
0.11%
(c)
20,931,936‌
20,931,936‌
TOTAL
SHORT-TERM
INVESTMENTS
(Cost $20,931,936)
20,931,936‌
TOTAL
INVESTMENTS-
130.79%
(Cost
$52,980,372)
84,834,420‌
Liabilities
in
Excess
of
Other
Assets - (30.79)%
(19,969,209‌)
NET
ASSETS
-
100.00%
$
64,865,211‌
(a)
Non-income
producing
security.  
(b)
Security,
or
a
portion
of
the
security
position,
is
currently
on
loan.
The
total
market
value
of
securities
on
loan
is
$21,487,438
.
(c)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
January
31,
2022.
ADR
-
American
Depositary
Receipt.
Live
Oak
Health
Sciences
Fund
Schedule
of
Investments
January
31,
2022
-
(Unaudited)
COMMON
STOCKS
-
99.78%
Shares
Fair
Value
HEALTH
CARE
-
99.78%
Biotech
-
21.46%
Amgen,
Inc.
10,240‌
$
2,325,914‌
Biogen,
Inc.
(a)
5,006‌
1,131,356‌
Exelixis
,
Inc.
(a)
66,265‌
1,199,396‌
Gilead
Sciences,
Inc.
15,390‌
1,056,985‌
Regeneron
Pharmaceuticals,
Inc.
(a)
2,855‌
1,737,524‌
United
Therapeutics
Corp.
(a)
13,650‌
2,755,526‌
Vertex
Pharmaceuticals,
Inc.
(a)
4,315‌
1,048,761‌
11,255,462‌
Health
Care
Services
-
7.82%
Charles
River
Laboratories
International,
Inc.
(a)
5,073‌
1,672,872‌
Medpace
Holdings,
Inc.
(a)
5,671‌
1,006,376‌
Quest
Diagnostics,
Inc.
10,545‌
1,423,786‌
4,103,034‌
Health
Care
Supply
Chain
-
18.00%
AmerisourceBergen
Corp.
14,440‌
1,966,728‌
Cardinal
Health,
Inc.
28,409‌
1,465,052‌
Cigna
Corp.
12,487‌
2,877,754‌
McKesson
Corp.
12,216‌
3,136,092‌
9,445,626‌
Large
Pharmaceuticals
-
10.23%
GlaxoSmithKline
PLC
-
ADR
33,490‌
1,501,022‌
Johnson
&
Johnson
7,688‌
1,324,566‌
Merck
&
Co.,
Inc.
18,800‌
1,531,824‌
Novartis
AG
-
ADR
11,600‌
1,008,156‌
5,365,568‌
Life
Science
&
Diagnostics
-
7.01%
Illumina,
Inc.
(a)
5,035‌
1,756,309‌
Thermo
Fisher
Scientific,
Inc.
3,300‌
1,918,290‌
3,674,599‌
Managed
Care
-
13.45%
Anthem,
Inc.
5,415‌
2,387,961‌
Humana,
Inc.
2,500‌
981,250‌
UnitedHealth
Group,
Inc.
7,800‌
3,686,046‌
7,055,257‌
Medical
Devices
-
9.49%
Medtronic
PLC
18,746‌
1,940,023‌
Stryker
Corp.
7,060‌
1,751,233‌
Zimmer
Biomet
Holdings,
Inc.
10,460‌
1,286,789‌
4,978,045‌
Medical
Equipment
-
7.50%
Alcon,
Inc.
28,995‌
2,226,236‌
Intuitive
Surgical,
Inc.
(a)
6,015‌
1,709,343‌
3,935,579‌
Specialty
&
Generic
Pharmaceuticals
-
4.82%
Jazz
Pharmaceuticals
PLC
(a)
12,140‌
1,686,367‌
Live
Oak
Health
Sciences
Fund
Schedule
of
Investments
(continued)
January
31,
2022
-
(Unaudited)
COMMON
STOCKS
-
99.78%
(Continued)
Shares
Fair
Value
HEALTH
CARE
-
99.78%
(Continued)
Specialty
&
Generic
Pharmaceuticals
-
4.82%
(Continued)
Neurocrine
Biosciences
Inc.
(a)
10,706‌
$
845,988‌
2,532,355‌
TOTAL
COMMON
STOCKS 
(Cost $34,247,829)
52,345,525‌
SHORT-TERM
INVESTMENTS
-
30.97%
COLLATERAL
FOR
SECURITIES
LOANED
-
30.97%
Mount
Vernon
Liquid
Assets
Portfolio,
LLC,
0.11%
(b)
16,248,796‌
16,248,796‌
TOTAL
SHORT-TERM
INVESTMENTS
(Cost $16,248,796)
16,248,796‌
TOTAL
INVESTMENTS-
130.75%
(Cost
$50,496,625)
68,594,321‌
Liabilities
in
Excess
of
Other
Assets - (30.75)%
(16,130,320‌)
NET
ASSETS
-
100.00%
$
52,464,001‌
(a)
Security,
or
a
portion
of
the
security
position,
is
currently
on
loan.
The
total
market
value
of
securities
on
loan
is
$16,028,365
.
(b)
Non-income
producing
security.  
(c)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
January
31,
2022.
ADR
-
American
Depositary
Receipt.