0001752724-23-074993.txt : 20230331
0001752724-23-074993.hdr.sgml : 20230331
20230331101100
ACCESSION NUMBER: 0001752724-23-074993
CONFORMED SUBMISSION TYPE: NPORT-P
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20230131
FILED AS OF DATE: 20230331
DATE AS OF CHANGE: 20230331
PERIOD START: 20231031
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: 23784013
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
S000006543
ROCK OAK CORE GROWTH FUND
C000017878
ROCK OAK CORE GROWTH FUND
RCKSX
NPORT-P
1
primary_doc.xml
NPORT-P
false
0001050918
XXXXXXXX
S000006543
C000017878
Oak Associates Funds
811-08549
0001050918
54930064H3XUADDZTB14
3875 Embassy Parkway
Suite 250
Akron
44333
888-462-5386
ROCK OAK CORE GROWTH FUND
S000006543
549300NJK3HCQ5EYEH17
2023-10-31
2023-01-31
N
10823756.76
16554.80
10807201.96
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
0.00
N
Jazz Pharmaceuticals PLC
635400GAUMJCLEZRRV50
Jazz Pharmaceuticals PLC
G50871105
3655.00000000
NS
USD
572592.30000000
5.298247429069
Long
EC
CORP
IE
N
1
N
N
N
CF Industries Holdings, Inc.
529900CG8YAQFZ2JMV97
CF Industries Holdings, Inc.
125269100
2840.00000000
NS
USD
240548.00000000
2.225812017674
Long
EC
CORP
US
N
1
N
N
Exelixis, Inc.
254900PJQB59O2O95R37
Exelixis, Inc.
30161Q104
18149.00000000
NS
USD
319785.38000000
2.959002535379
Long
EC
CORP
US
N
1
N
N
N
Assurant Inc.
H3F39CAXWQRVWURFXL38
Assurant, Inc.
04621X108
1830.00000000
NS
USD
242639.70000000
2.245166703630
Long
EC
CORP
US
N
1
N
N
Seagate Technology Holdings PLC
635400RUXIFEZSRU8X70
Seagate Technology PLC
G7997R103
6007.00000000
NS
USD
407154.46000000
3.767436395719
Long
EC
CORP
IE
N
1
N
N
N
Molina Healthcare, Inc.
549300NQQCEQ46YHZ591
Molina Healthcare, Inc.
60855R100
1000.00000000
NS
USD
311830.00000000
2.885390697371
Long
EC
CORP
US
N
1
N
N
N
Nordson Corp
14OS6Q5N55N95WM84M53
Nordson Corp.
655663102
1839.00000000
NS
USD
447428.70000000
4.140097516970
Long
EC
CORP
US
N
1
N
N
N
Murphy USA Inc.
549300Y081F8XIKQIO72
Murphy USA, Inc.
626755102
864.00000000
NS
USD
235033.92000000
2.174789745485
Long
EC
CORP
US
N
1
N
N
NetApp Inc.
QTX3D84DZDD5JYOCYH15
NetApp, Inc.
64110D104
5805.00000000
NS
USD
384465.15000000
3.557490194251
Long
EC
CORP
US
N
1
N
N
N
Coterra Energy Inc
FCNMH6O7VWU7LHXMK351
Coterra Energy, Inc.
127097103
11541.00000000
NS
USD
288871.23000000
2.672951158580
Long
EC
CORP
US
N
1
N
N
N
Illumina Inc
SQ95QG8SR5Q56LSNF682
Illumina, Inc.
452327109
760.00000000
NS
USD
162792.00000000
1.506328840735
Long
EC
CORP
US
N
1
N
N
N
The Hartford Financial Services Group, Inc.
IU7C3FTM7Y3BQM112U94
Hartford Financial Services Group, Inc./The
416515104
9065.00000000
NS
USD
703534.65000000
6.509868628382
Long
EC
CORP
US
N
1
N
N
N
ESAB Corp.
549300ZNV0SWBXEIWT04
Esab Corp.
29605J106
3618.00000000
NS
USD
209156.58000000
1.935344419158
Long
EC
CORP
US
N
1
N
N
N
Amdocs Limited
549300HQV672RJ7RQV66
Amdocs Ltd.
G02602103
3602.00000000
NS
USD
331131.86000000
3.063992523000
Long
EC
CORP
GG
N
1
N
N
N
Huntington Ingalls Industries, Inc.
5TZLZ6WJTBVJ0QWBG121
Huntington Ingalls Industries, Inc.
446413106
1186.00000000
NS
USD
261560.44000000
2.420241992035
Long
EC
CORP
US
N
1
N
N
N
Cardinal Health, Inc.
CCU46N3GJMF4OK4N7U60
Cardinal Health, Inc.
14149Y108
5770.00000000
NS
USD
445732.50000000
4.124402427656
Long
EC
CORP
US
N
1
N
N
N
Carlisle Companies Incorporated
XR64VGX1ZPX6G7ZN7Z11
Carlisle Cos., Inc.
142339100
1815.00000000
NS
USD
455310.90000000
4.213032213936
Long
EC
CORP
US
N
1
N
N
N
Viatris Inc
254900ZZTSW7NL773X71
Viatris, Inc.
92556V106
18120.00000000
NS
USD
220339.20000000
2.038818195639
Long
EC
CORP
US
N
1
N
N
N
Quest Diagnostics Incorporated
8MCWUBXQ0WE04KMXBX50
Quest Diagnostics, Inc.
74834L100
3015.00000000
NS
USD
447667.20000000
4.142304378662
Long
EC
CORP
US
N
1
N
N
N
Curtiss-Wright Corp.
TEL51ETZWP7D0ZM4X325
Curtiss-Wright Corp.
231561101
1620.00000000
NS
USD
268596.00000000
2.485342653853
Long
EC
CORP
US
N
1
N
N
N
Cognizant Technology Solutions Corp.
5493006IEVQEFQO40L83
Cognizant Technology Solutions Corp.
192446102
5507.00000000
NS
USD
367592.25000000
3.401363751325
Long
EC
CORP
US
N
1
N
N
N
Republic Services, Inc.
NKNQHM6BLECKVOQP7O46
Republic Services, Inc.
760759100
3130.00000000
NS
USD
390686.60000000
3.615057823903
Long
EC
CORP
US
N
1
N
N
N
F5 Inc
54930015FPK9KT966303
F5, Inc.
315616102
2820.00000000
NS
USD
416401.20000000
3.852997302550
Long
EC
CORP
US
N
1
N
N
N
Solaredge Technologies Inc
5493000K6Y58XXPDF853
SolarEdge Technologies, Inc.
83417M104
1120.00000000
NS
USD
357425.60000000
3.307290835527
Long
EC
CORP
US
N
1
N
N
Mount Vernon Liquid Assets Portfolio, LLC
N/A
Mount Vernon Liquid Assets Portfolio, LLC
000000000
1621451.25000000
PA
USD
1621451.25000000
15.00343248882
Long
STIV
CORP
US
N
N/A
N
N
Ubiquiti Inc
N/A
Ubiquiti Networks, Inc.
90353W103
1095.00000000
NS
USD
319915.20000000
2.960203771374
Long
EC
CORP
US
N
1
N
N
Transdigm Group Inc.
N/A
Transdigm Group
893641100
535.00000000
NS
USD
383996.25000000
3.553151420888
Long
EC
CORP
US
N
1
N
N
N
N/A
N/A
Prime Solutions 3.99% 2/1/23
N/A
878226.29000000
PA
USD
878226.29000000
8.126305895369
Long
RA
CORP
US
N
N/A
Repurchase
N
3.99000000
2023-02-01
898016.99000000
USD
895796.55000000
USD
UST
N
N
N
Thor Industries Inc.
254900XZO1228PDSG060
Thor Industries, Inc.
885160101
3490.00000000
NS
USD
332701.70000000
3.078518392007
Long
EC
CORP
US
N
1
N
N
Pool Corporation
5493005VZK1KMN6CO617
Pool Corp.
73278L105
1030.00000000
NS
USD
397178.30000000
3.675126100817
Long
EC
CORP
US
N
1
N
N
2023-01-31
Oak Associates Funds
Gregory Knoth
Gregory Knoth
SVP, Mutual Fund Controller
XXXX
NPORT-EX
2
ultimus_5725.htm
White
Oak
Select
Growth
Fund
Schedule
of
Investments
January
31,
2023
-
(Unaudited)
COMMON
STOCKS
-
99.19%
Shares
Fair
Value
COMMUNICATIONS
-
14.72%
Internet
Media
&
Services
-
14.72%
Alphabet,
Inc.
-
Class
A
(a)
152,000
$
15,023,680
Alphabet,
Inc.
-
Class
C
(a)
248,000
24,767,760
Meta
Platforms,
Inc.
-
Class
A
(a)
67,975
10,126,236
49,917,676
CONSUMER
DISCRETIONARY
-
15.07%
E-Commerce
Discretionary
-
9.55%
Amazon.com,
Inc.
(a)
314,100
32,393,133
Retail
-
Discretionary
-
5.52%
Lowe's
Companies,
Inc.
90,000
18,742,500
FINANCIALS
-
18.03%
Asset
Management
-
7.40%
Charles
Schwab
Corp.
(The)
324,100
25,091,822
Banking
-
5.74%
JPMorgan
Chase
&
Co.
139,065
19,463,537
Institutional
Financial
Services
-
0.94%
State
Street
Corp.
(b)
35,000
3,196,550
Insurance
-
3.95%
Chubb
Ltd.
58,937
13,407,578
HEALTH
CARE
-
25.36%
Biotech
&
Pharma
-
12.77%
Amgen,
Inc.
82,460
20,812,904
Novartis
AG
-
ADR
(b)
114,060
10,336,117
Pfizer,
Inc.
275,700
12,174,912
43,323,933
Health
Care
Facilities
&
Services
-
6.63%
Cigna
Corp.
32,952
10,434,910
Laboratory
Corporation
of
America
Holdings
(b)
47,770
12,043,772
22,478,682
Medical
Equipment
&
Devices
-
5.96%
Alcon,
Inc.
138,000
10,378,980
Zimmer
Biomet
Holdings,
Inc.
77,390
9,854,843
20,233,823
INDUSTRIALS
-
1.79%
Aerospace
&
Defense
-
1.79%
General
Dynamics
Corp.
26,020
6,064,221
TECHNOLOGY
-
24.22%
Semiconductors
-
15.22%
KLA
Corp.
58,835
23,091,561
NXP
Semiconductors
NV
66,513
12,259,011
QUALCOMM,
Inc.
122,300
16,291,583
51,642,155
Technology
Hardware
-
7.03%
Cisco
Systems,
Inc.
490,000
23,848,300
White
Oak
Select
Growth
Fund
Schedule
of
Investments
(continued)
January
31,
2023
-
(Unaudited)
COMMON
STOCKS
-
99.19%
(Continued)
Shares
Fair
Value
TECHNOLOGY
-
24.22%
(Continued)
Technology
Services
-
1.97%
Cognizant
Technology
Solutions
Corp.
-
Class
A
100,000
$
6,675,000
TOTAL
COMMON
STOCKS
(Cost $170,373,904)
336,478,910
SHORT-TERM
INVESTMENTS
-
5.12%
Shares
Fair
Value
REPURCHASE
AGREEMENTS
-
0.77%
Tri-Party
Repurchase
Agreement
with
South
Street
Securities
LLC
and
Bank
of
New
York
Mellon,
3.99%,
dated
1/31/2023
and
maturing
2/1/2023,
collateralized
by
U.S.
Treasury
Securities
with
rates
ranging
from
0.00%
to
4.13%
and
maturity
dates
ranging
from
4/,
3.99%,
dated
01/31/23,
due
02/01/23,
repurchase
proceeds:
2,606,523
2,606,523
COLLATERAL
FOR
SECURITIES
LOANED
-
4.35%
Mount
Vernon
Liquid
Assets
Portfolio,
LLC,
4.47%
(c)
14,765,782
14,765,782
TOTAL
SHORT-TERM
INVESTMENTS
(Cost $17,372,305)
17,372,305
TOTAL
INVESTMENTS-
104.31%
(Cost
$187,746,209)
353,851,215
Liabilities
in
Excess
of
Other
Assets - (4.31)%
(14,611,841)
NET
ASSETS
-
100.00%
$
339,239,374
(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
$14,595,606.
(c)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
January
31,
2023.
ADR
-
American
Depositary
Receipt.
Pin
Oak
Equity
Fund
Schedule
of
Investments
January
31,
2023
-
(Unaudited)
COMMON
STOCKS
-
92.72%
Shares
Fair
Value
COMMUNICATIONS
-
15.01%
Entertainment
Content
-
0.96%
Activision
Blizzard,
Inc.
15,632
$
1,196,942
Internet
Media
&
Services
-
14.05%
Alphabet,
Inc.
-
Class
A
(a)
27,500
2,718,100
Alphabet,
Inc.
-
Class
C
(a)
120,000
11,984,400
Meta
Platforms,
Inc.
-
Class
A
(a)
18,569
2,766,224
17,468,724
CONSUMER
DISCRETIONARY
-
12.47%
E-Commerce
Discretionary
-
12.47%
Amazon.com,
Inc.
(a)
102,400
10,560,512
eBay,
Inc.
(b)
100,000
4,950,000
15,510,512
ENERGY
-
1.01%
Oil
&
Gas
Producers
-
1.01%
Coterra
Energy,
Inc.
50,000
1,251,500
FINANCIALS
-
14.00%
Asset
Management
-
5.76%
Charles
Schwab
Corp.
(The)
92,500
7,161,350
Institutional
Financial
Services
-
4.09%
Bank
of
New
York
Mellon
Corp.
(The)
100,745
5,094,675
Insurance
-
4.15%
Assurant,
Inc.
(b)
38,900
5,157,751
HEALTH
CARE
-
21.98%
Biotech
&
Pharma
-
10.59%
Amgen,
Inc.
18,500
4,669,400
Gilead
Sciences,
Inc.
48,145
4,041,291
Regeneron
Pharmaceuticals,
Inc.
(a)
5,881
4,460,562
13,171,253
Health
Care
Facilities
&
Services
-
11.39%
McKesson
Corp.
(b)
21,400
8,103,752
Molina
Healthcare,
Inc.
(a)
12,291
3,832,703
Quest
Diagnostics,
Inc.
15,000
2,227,200
14,163,655
INDUSTRIALS
-
2.11%
Electrical
Equipment
-
2.11%
Amphenol
Corp.
-
Class
A
32,860
2,621,242
TECHNOLOGY
-
26.14%
Semiconductors
-
5.84%
KLA
Corp.
18,498
7,260,095
Software
-
3.24%
Akamai
Technologies,
Inc.
(a)
45,324
4,031,570
Technology
Services
-
17.06%
Amdocs
Ltd.
81,587
7,500,293
Paychex,
Inc.
43,649
5,057,173
Pin
Oak
Equity
Fund
Schedule
of
Investments
(continued)
January
31,
2023
-
(Unaudited)
COMMON
STOCKS
-
92.72%
(Continued)
Shares
Fair
Value
TECHNOLOGY
-
26.14%
(Continued)
Technology
Services
-
17.06%
(Continued)
PayPal
Holdings,
Inc.
(a)(b)
18,000
$
1,466,820
Visa,
Inc.
-
Class
A
(b)
31,220
7,187,156
21,211,442
TOTAL
COMMON
STOCKS
(Cost $62,347,256)
115,300,711
SHORT-TERM
INVESTMENTS
-
19.23%
Shares
Fair
Value
REPURCHASE
AGREEMENTS
-
5.02%
Tri-Party
Repurchase
Agreement
with
South
Street
Securities
LLC
and
Bank
of
New
York
Mellon,
3.99%,
dated
1/31/2023
and
maturing
2/1/2023,
collateralized
by
U.S.
Treasury
Securities
with
rates
ranging
from
0.00%
to
4.13%
and
maturity
dates
ranging
from
4/15/2023
to
5/31/2027
with
a
par
value
of
$6,382,080
and
a
collateral
value
of
$6,366,300
6,241,431
6,241,431
COLLATERAL
FOR
SECURITIES
LOANED
-
14.21%
Mount
Vernon
Liquid
Assets
Portfolio,
LLC,
4.47%
(c)
17,675,194
17,675,194
TOTAL
SHORT-TERM
INVESTMENTS
(Cost $23,916,625)
23,916,625
TOTAL
INVESTMENTS
-
111.95%
(Cost
$86,263,881)
139,217,336
Liabilities
in
Excess
of
Other
Assets - (11.95)%
(14,857,566)
NET
ASSETS
-
100.00%
$
124,359,770
(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
$17,405,904.
(c)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
January
31,
2023.
Rock
Oak
Core
Growth
Fund
Schedule
of
Investments
January
31,
2023
-
(Unaudited)
COMMON
STOCKS
-
91.81%
Shares
Fair
Value
CONSUMER
DISCRETIONARY
-
6.75%
Leisure
Products
-
3.08%
Thor
Industries,
Inc.
(a)
3,490
$
332,702
Wholesale
-
Discretionary
-
3.67%
Pool
Corp.
(a)
1,030
397,178
ENERGY
-
8.16%
Oil
&
Gas
Producers
-
4.85%
Coterra
Energy,
Inc.
11,541
288,871
Murphy
USA,
Inc.
(a)
864
235,034
523,905
Renewable
Energy
-
3.31%
SolarEdge
Technologies,
Inc.
(a)
(b)
1,120
357,426
FINANCIALS
-
8.76%
Insurance
-
8.76%
Assurant,
Inc.
(a)
1,830
242,640
Hartford
Financial
Services
Group,
Inc.
(The)
9,065
703,534
946,174
HEALTH
CARE
-
22.95%
Biotech
&
Pharma
-
10.29%
Exelixis,
Inc.
(b)
18,149
319,786
Jazz
Pharmaceuticals
PLC
(b)
3,655
572,592
Viatris,
Inc.
18,120
220,339
1,112,717
Health
Care
Facilities
&
Services
-
11.15%
Cardinal
Health,
Inc.
5,770
445,733
Molina
Healthcare,
Inc.
(b)
1,000
311,830
Quest
Diagnostics,
Inc.
3,015
447,667
1,205,230
Medical
Equipment
&
Devices
-
1.51%
Illumina,
Inc.
(b)
760
162,792
INDUSTRIALS
-
18.15%
Aerospace
&
Defense
-
5.97%
Huntington
Ingalls
Industries,
Inc.
1,186
261,561
TransDigm
Group,
Inc.
535
383,996
645,557
Commercial
Support
Services
-
3.62%
Republic
Services,
Inc.
3,130
390,687
Machinery
-
8.56%
Curtiss-Wright
Corp.
1,620
268,596
ESAB
Corp.
3,618
209,156
Nordson
Corp.
1,839
447,429
925,181
MATERIALS
-
6.44%
Chemicals
-
2.23%
CF
Industries
Holdings,
Inc.
(a)
2,840
240,548
Rock
Oak
Core
Growth
Fund
Schedule
of
Investments
(continued)
January
31,
2023
-
(Unaudited)
COMMON
STOCKS
-
91.81%
(Continued)
Shares
Fair
Value
MATERIALS
-
6.44%
(Continued)
Construction
Materials
-
4.21%
Carlisle
Companies,
Inc.
1,815
$
455,311
TECHNOLOGY
-
20.60%
Technology
Hardware
-
14.14%
F5,
Inc.
(b)
2,820
416,401
NetApp,
Inc.
5,805
384,465
Seagate
Technology
PLC
6,007
407,155
Ubiquiti
Networks,
Inc.
(a)
1,095
319,915
1,527,936
Technology
Services
-
6.46%
Amdocs
Ltd.
3,602
331,132
Cognizant
Technology
Solutions
Corp.
-
Class
A
5,507
367,592
698,724
TOTAL
COMMON
STOCKS
(Cost $7,634,869)
9,922,068
SHORT-TERM
INVESTMENTS
-
23.13%
Shares
Fair
Value
REPURCHASE
AGREEMENTS
-
8.13%
Tri-Party
Repurchase
Agreement
with
South
Street
Securities
LLC
and
Bank
of
New
York
Mellon,
3.99%,
dated
1/31/2023
and
maturing
2/1/2023,
collateralized
by
U.S.
Treasury
Securities
with
rates
ranging
from
0.00%
to
4.13%
and
maturity
dates
ranging
from
4/15/2023
to
5/31/2027
with
a
par
value
of
$8
98,017
and
a
collateral
value
of
$895,797
878,226
878,226
COLLATERAL
FOR
SECURITIES
LOANED
-
15.00%
Mount
Vernon
Liquid
Assets
Portfolio,
LLC,
4.47%
(c)
1,621,451
1,621,451
TOTAL
SHORT-TERM
INVESTMENTS
(Cost $2,499,677)
2,499,677
TOTAL
INVESTMENTS
-
114.94%
(Cost
$10,134,546)
12,421,745
Liabilities
in
Excess
of
Other
Assets - (14.94)%
(1,614,543)
NET
ASSETS
-
100.00%
$
10,807,202
(a)
Security,
or
a
portion
of
the
security
position,
is
currently
on
loan.
The
total
market
value
of
securities
on
loan
is
$1,637,445.
(b)
Non-income
producing
security.
(c)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
January
31,
2023.
River
Oak
Discovery
Fund
Schedule
of
Investments
January
31,
2023
-
(Unaudited)
COMMON
STOCKS
-
97.21%
Shares
Fair
Value
COMMUNICATIONS
-
0.46%
Advertising
&
Marketing
-
0.46%
QuinStreet,
Inc.
(a)
9,875
$
151,384
CONSUMER
DISCRETIONARY
-
7.15%
Consumer
Services
-
2.02%
Adtalem
Global
Education,
Inc.
(a)
17,305
660,705
Retail
-
Discretionary
-
5.13%
Asbury
Automotive
Group,
Inc.
(a)(b)
7,644
1,681,680
CONSUMER
STAPLES
-
3.96%
Household
Products
-
3.96%
Edgewell
Personal
Care
Co.
17,322
742,421
Energizer
Holdings,
Inc.
(b)
15,000
556,500
1,298,921
FINANCIALS
-
13.05%
Asset
Management
-
4.67%
AllianceBernstein
Holding
LP
21,518
815,748
Artisan
Partners
Asset
Management,
Inc.
-
Class
A
(b)
19,387
713,829
1,529,577
Banking
-
4.63%
Atlantic
Union
Bancshares
Corp.
21,935
848,665
Dime
Community
Bancshares,
Inc.
22,499
670,920
1,519,585
Insurance
-
3.75%
CNO
Financial
Group,
Inc.
17,845
459,687
Selective
Insurance
Group,
Inc.
(b)
8,090
768,550
1,228,237
HEALTH
CARE
-
12.04%
Biotech
&
Pharma
-
6.55%
Harmony
Biosciences
Holdings,
Inc.
(a)(b)
9,450
455,207
Ironwood
Pharmaceuticals,
Inc.
(a)
69,325
798,624
Prestige
Consumer
Healthcare,
Inc.
(a)
13,557
891,508
2,145,339
Health
Care
Facilities
&
Services
-
5.49%
Ensign
Group,
Inc./The
(b)
9,697
904,245
Premier,
Inc.
-
Class
A
(b)
26,868
896,316
1,800,561
INDUSTRIALS
-
25.39%
Commercial
Support
Services
-
15.30%
AMN
Healthcare
Services,
Inc.
(a)(b)
10,553
1,011,400
Barrett
Business
Services,
Inc.
9,477
941,824
Kforce,
Inc.
17,008
954,659
Korn
Ferry
(b)
18,303
988,179
Vectrus,
Inc.
(a)
25,309
1,117,645
5,013,707
Electrical
Equipment
-
4.16%
Advanced
Energy
Industries,
Inc.
(b)
14,717
1,364,855
River
Oak
Discovery
Fund
Schedule
of
Investments
(continued)
January
31,
2023
-
(Unaudited)
COMMON
STOCKS
-
97.21%
(Continued)
Shares
Fair
Value
INDUSTRIALS
-
25.39%
(Continued)
Industrial
Support
Services
-
3.22%
Applied
Industrial
Technologies,
Inc.
7,357
$
1,053,596
Machinery
-
2.71%
Kadant,
Inc.
(b)
4,352
886,807
TECHNOLOGY
-
35.16%
Semiconductors
-
23.45%
Ambarella,
Inc.
(a)
13,540
1,216,434
Cirrus
Logic,
Inc.
(a)(b)
14,326
1,294,927
Cohu,
Inc.
(a)
31,025
1,119,382
Diodes,
Inc.
(a)(b)
10,822
965,214
Kulicke
&
Soffa
Industries,
Inc.
(b)
27,985
1,430,034
Silicon
Motion
Technology
Corp.
-
ADR
14,723
943,744
Tower
Semiconductor
Ltd.
(a)
17,143
716,406
7,686,141
Software
-
7.20%
Calix,
Inc.
(a)
14,095
741,961
NextGen
Healthcare,
Inc.
(a)
49,292
937,534
Verint
Systems,
Inc.
(a)
17,863
678,258
2,357,753
Technology
Services
-
4.51%
CSG
Systems
International,
Inc.
7,000
417,690
Perficient,
Inc.
(a)(b)
14,311
1,061,017
1,478,707
TOTAL
COMMON
STOCKS
(Cost $26,333,283)
31,857,555
SHORT-TERM
INVESTMENTS
-
35.70%
Shares
Fair
Value
REPURCHASE
AGREEMENTS
-
2.91%
Tri-Party
Repurchase
Agreement
with
South
Street
Securities
LLC
and
Bank
of
New
York
Mellon,
3.99%,
dated
1/31/2023
and
maturing
2/1/2023,
collateralized
by
U.S.
Treasury
Securities
with
rates
ranging
from
0.00%
to
4.13%
and
maturity
dat
es
ranging
from
4/15/2023
to
5/31/2027
with
a
par
value
of
$973,819
and
a
collateral
value
of
$971,411
952,358
952,358
COLLATERAL
FOR
SECURITIES
LOANED
-
32.79%
Mount
Vernon
Liquid
Assets
Portfolio,
LLC,
4.47%
(c)
10,743,751
10,743,751
TOTAL
SHORT-TERM
INVESTMENTS
(Cost $11,696,109)
11,696,109
TOTAL
INVESTMENTS
-
132.91%
(Cost
$38,029,392)
43,553,664
Liabilities
in
Excess
of
Other
Assets - (32.91)%
(10,783,682)
NET
ASSETS
-
100.00%
$
32,769,982
(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
$10,662,772.
(c)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
January
31,
2023.
River
Oak
Discovery
Fund
Schedule
of
Investments
(continued)
January
31,
2023
-
(Unaudited)
ADR
-
American
Depositary
Receipt.
Red
Oak
Technology
Select
Fund
Schedule
of
Investments
January
31,
2023
-
(Unaudited)
COMMON
STOCKS
-
98.69%
Shares
Fair
Value
COMMUNICATIONS
-
10.83%
Internet
Media
&
Services
-
10.83%
Alphabet,
Inc.
-
Class
A
(a)
75,000
$
7,413,000
Alphabet,
Inc.
-
Class
C
(a)
304,720
30,432,387
Meta
Platforms,
Inc.
-
Class
A
(a)
83,225
12,398,028
50,243,415
CONSUMER
DISCRETIONARY
-
9.30%
E-Commerce
Discretionary
-
9.30%
Amazon.com,
Inc.
(a)
263,000
27,123,190
eBay,
Inc.
324,030
16,039,485
43,162,675
INDUSTRIALS
-
5.57%
Aerospace
&
Defense
-
4.54%
General
Dynamics
Corp.
55,744
12,991,696
Lockheed
Martin
Corp.
17,399
8,060,261
21,051,957
Electrical
Equipment
-
1.03%
Amphenol
Corp.
-
Class
A
60,000
4,786,200
TECHNOLOGY
-
72.99%
Semiconductors
-
22.90%
Advanced
Micro
Devices,
Inc.
(a)
90,000
6,763,500
Intel
Corp.
(b)
147,615
4,171,600
KLA
Corp.
68,609
26,927,660
Microchip
Technology,
Inc.
95,000
7,373,900
NVIDIA
Corp.
45,000
8,791,650
NXP
Semiconductors
NV
113,550
20,928,401
Qorvo,
Inc.
(a)
100,000
10,866,000
QUALCOMM,
Inc.
153,200
20,407,772
106,230,483
Software
-
23.79%
Akamai
Technologies,
Inc.
(a)
116,780
10,387,581
Check
Point
Software
Technologies
Ltd.
(a)
58,700
7,466,640
Microsoft
Corp.
99,403
24,633,057
Oracle
Corp.
316,171
27,968,487
Synopsys,
Inc.
(a)
65,970
23,336,888
VMware,
Inc.
-
Class
A
(a)
135,470
16,591,011
110,383,664
Technology
Hardware
-
14.68%
Apple,
Inc.
190,000
27,415,100
Cisco
Systems,
Inc.
576,180
28,042,680
NetApp,
Inc.
191,334
12,672,051
68,129,831
Technology
Services
-
11.62%
Accenture
PLC
-
Class
A
50,118
13,985,428
Global
Payments,
Inc.
93,157
10,500,657
MasterCard,
Inc.
-
Class
A
29,642
10,985,325
Red
Oak
Technology
Select
Fund
Schedule
of
Investments
(continued)
January
31,
2023
-
(Unaudited)
COMMON
STOCKS
-
98.69%
(Continued)
Shares
Fair
Value
TECHNOLOGY
-
72.99%
(Continued)
Technology
Services
-
11.62%
(Continued)
Visa,
Inc.
-
Class
A
(b)
80,000
$
18,416,800
53,888,210
TOTAL
COMMON
STOCKS
(Cost $213,464,073)
457,876,435
SHORT-TERM
INVESTMENTS
-
5.12%
Shares
Fair
Value
REPURCHASE
AGREEMENTS
-
0.22%
Tri-Party
Repurchase
Agreement
with
South
Street
Securities
LLC
and
Bank
of
New
York
Mellon,
3.99%,
dated
1/31/2023
and
maturing
2/1/2023,
collateralized
by
U.S.
Treasury
Securities
with
rates
ranging
from
0.0
0%
to
4.13%
and
maturity
dates
ranging
from
4/15/2023
to
5/31/2027
with
a
par
value
of
$1,033,154
and
a
collateral
value
of
$1,030,599
1,010,385
1,010,385
COLLATERAL
FOR
SECURITIES
LOANED
-
4.90%
Mount
Vernon
Liquid
Assets
Portfolio,
LLC,
4.47%
(c)
22,714,468
22,714,468
TOTAL
SHORT-TERM
INVESTMENTS
(Cost $23,724,853)
23,724,853
TOTAL
INVESTMENTS
-
103.81%
(Cost
$237,188,926)
481,601,288
Liabilities
in
Excess
of
Other
Assets - (3.81)%
(17,654,018)
NET
ASSETS
-
100.00%
$
463,947,270
(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
$22,362,492.
(c)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
January
31,
2023.
Black
Oak
Emerging
Technology
Fund
Schedule
of
Investments
January
31,
2023
-
(Unaudited)
COMMON
STOCKS
-
97.05%
Shares
Fair
Value
CONSUMER
DISCRETIONARY
-
1.76%
Automotive
-
1.76%
Tesla,
Inc.
(a)(b)
5,817
$
1,007,621
ENERGY
-
4.24%
Renewable
Energy
-
4.24%
SolarEdge
Technologies,
Inc.
(a)(b)
7,584
2,420,282
HEALTH
CARE
-
4.37%
Medical
Equipment
&
Devices
-
4.37%
Illumina,
Inc.
(a)
6,757
1,447,349
Intuitive
Surgical,
Inc.
(a)
4,259
1,046,394
2,493,743
INDUSTRIALS
-
11.34%
Aerospace
&
Defense
-
1.57%
Huntington
Ingalls
Industries,
Inc.
4,068
897,157
Electrical
Equipment
-
2.85%
Advanced
Energy
Industries,
Inc.
(b)
17,560
1,628,514
Industrial
Support
Services
-
3.51%
Applied
Industrial
Technologies,
Inc.
14,000
2,004,940
Machinery
-
3.41%
Nordson
Corp.
(b)
8,000
1,946,400
TECHNOLOGY
-
75.34%
Information
Technology
-
2.63%
Paylocity
Holdings
Corp.
(a)(b)
7,220
1,503,854
Semiconductors
-
37.08%
Advanced
Micro
Devices,
Inc.
(a)
17,247
1,296,112
Ambarella,
Inc.
(a)
25,956
2,331,887
Cirrus
Logic,
Inc.
(a)(b)
20,830
1,882,824
Cohu,
Inc.
(a)(b)
59,077
2,131,498
Diodes,
Inc.
(a)(b)
25,770
2,298,426
KLA
Corp.
6,750
2,649,240
Kulicke
&
Soffa
Industries,
Inc.
(b)
49,645
2,536,860
Lam
Research
Corp.
(b)
3,500
1,750,350
NVIDIA
Corp.
7,737
1,511,578
QUALCOMM,
Inc.
10,844
1,444,529
Silicon
Motion
Technology
Corp.
-
ADR
20,940
1,342,254
21,175,558
Software
-
11.18%
Calix,
Inc.
(a)(b)
11,424
601,360
Concentrix
Corp.
(b)
6,000
850,860
Fortinet,
Inc.
(a)
20,800
1,088,672
NextGen
Healthcare,
Inc.
(a)(b)
88,315
1,679,751
Salesforce.com,
Inc.
(a)
9,659
1,622,422
Verint
Systems,
Inc.
(a)
14,335
544,300
6,387,365
Technology
Hardware
-
9.41%
Apple,
Inc.
20,120
2,903,115
Black
Oak
Emerging
Technology
Fund
Schedule
of
Investments
(continued)
January
31,
2023
-
(Unaudited)
COMMON
STOCKS
-
97.05%
(Continued)
Shares
Fair
Value
TECHNOLOGY
-
75.34%
(Continued)
Technology
Hardware
-
9.41%
(Continued)
F5,
Inc.
(a)
7,705
$
1,137,720
Ubiquiti
Networks,
Inc.
(b)
4,568
1,334,587
5,375,422
Technology
Services
-
15.04%
Amdocs
Ltd.
15,234
1,400,462
Cognizant
Technology
Solutions
Corp.
-
Class
A
9,600
640,800
CSG
Systems
International,
Inc.
10,000
596,700
Jack
Henry
&
Associates,
Inc.
(b)
9,125
1,643,321
PayPal
Holdings,
Inc.
(a)
16,640
1,355,994
Perficient,
Inc.
(a)(b)
19,395
1,437,945
Science
Applications
International
Corp.
14,607
1,515,914
8,591,136
TOTAL
COMMON
STOCKS
(Cost $29,998,197)
55,431,992
SHORT-TERM
INVESTMENTS
-
35.40%
Shares
Fair
Value
REPURCHASE
AGREEMENTS
-
3.00%
Tri-Party
Repurchase
Agreement
with
South
Street
Securities
LLC
and
Bank
of
New
York
Mellon,
3.99
%,
dated
1/31/2023
and
maturing
2/1/2023,
collateralized
by
U.S.
Treasury
Securities
with
rates
ranging
from
0.00%
to
4.13%
and
maturity
dates
ranging
from
4/15/2023
to
5/31/2027
with
a
par
value
of
$1,754,031
and
a
collateral
value
of
$1,749,694
1,715,375
1,715,375
COLLATERAL
FOR
SECURITIES
LOANED
-
32.40%
Mount
Vernon
Liquid
Assets
Portfolio,
LLC,
4.47%
(c)
18,506,666
18,506,666
TOTAL
SHORT-TERM
INVESTMENTS
(Cost $20,222,041)
20,222,041
TOTAL
INVESTMENTS
-
132.45%
(Cost
$50,220,238)
75,654,033
Liabilities
in
Excess
of
Other
Assets - (32.45)%
(18,535,554)
NET
ASSETS
-
100.00%
$
57,118,479
(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
$18,511,033.
(c)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
January
31,
2023.
ADR
-
American
Depositary
Receipt.
Live
Oak
Health
Sciences
Fund
Schedule
of
Investments
January
31,
2023
-
(Unaudited)
COMMON
STOCKS
-
98.91%
Shares
Fair
Value
HEALTH
CARE
-
98.91%
Biotech
-
25.74%
Amgen,
Inc.
10,240
$
2,584,576
Biogen,
Inc.
(a)
5,006
1,456,245
Exelixis,
Inc.
(a)
86,379
1,521,998
Gilead
Sciences,
Inc.
13,718
1,151,489
Moderna,
Inc.
(a)(b)
10,715
1,886,483
Regeneron
Pharmaceuticals,
Inc.
(a)
3,190
2,419,519
United
Therapeutics
Corp.
(a)
7,465
1,964,564
Vertex
Pharmaceuticals,
Inc.
(a)(b)
5,515
1,781,897
14,766,771
Health
Care
Facilities
-
3.07%
Ensign
Group,
Inc./The
(b)
18,891
1,761,586
Health
Care
Services
-
5.19%
Laboratory
Corporation
of
America
Holdings
7,425
1,871,991
Quest
Diagnostics,
Inc.
7,453
1,106,621
2,978,612
Health
Care
Supply
Chain
-
17.38%
AmerisourceBergen
Corp.
13,739
2,321,341
Cardinal
Health,
Inc.
28,409
2,194,595
Cigna
Corp.
6,523
2,065,638
CVS
Health
Corp.
15,000
1,323,300
McKesson
Corp.
(b)
5,448
2,063,049
9,967,923
Large
Pharmaceuticals
-
16.44%
AbbVie,
Inc.
11,858
1,752,019
Eli
Lilly
&
Co.
4,740
1,631,271
Johnson
&
Johnson
9,704
1,585,828
Merck
&
Co.,
Inc.
18,800
2,019,308
Novartis
AG
-
ADR
(b)
11,600
1,051,192
Pfizer,
Inc.
31,663
1,398,238
9,437,856
Life
Science
&
Diagnostics
-
3.25%
Bio-Rad
Laboratories,
Inc.
-
Class
A
(a)
3,994
1,867,036
Managed
Care
-
14.72%
Anthem,
Inc.
4,546
2,272,955
Centene
Corp.
(a)
15,000
1,143,600
Humana,
Inc.
(b)
3,100
1,586,270
Molina
Healthcare,
Inc.
(a)
4,653
1,450,945
UnitedHealth
Group,
Inc.
3,998
1,995,762
8,449,532
Medical
Devices
-
5.12%
Medtronic
PLC
21,490
1,798,498
Stryker
Corp.
4,479
1,136,815
2,935,313
Medical
Equipment
-
2.77%
Intuitive
Surgical,
Inc.
(a)
6,458
1,586,666
Live
Oak
Health
Sciences
Fund
Schedule
of
Investments
(continued)
January
31,
2023
-
(Unaudited)
COMMON
STOCKS
-
98.91%
(Continued)
Shares
Fair
Value
HEALTH
CARE
-
98.91%
(Continued)
Specialty
&
Generic
Pharmaceuticals
-
5.23%
Ironwood
Pharmaceuticals,
Inc.
(a)(b)
123,082
$
1,417,905
Jazz
Pharmaceuticals
PLC
(a)
10,092
1,581,013
2,998,918
TOTAL
COMMON
STOCKS
(Cost $40,385,892)
56,750,213
SHORT-TERM
INVESTMENTS
-
14.63%
REPURCHASE
AGREEMENTS
-
1.23%
Tri-Party
Repurchase
Agreement
with
South
Street
Securities
LLC
and
Bank
of
New
York
Mellon,
3.99%,
dated
1/31/2023
and
maturing
2/1/2023,
collateralized
by
U.S.
Treasury
Securities
with
rates
ranging
from
0.00%
to
4.13%
and
maturity
dates
ranging
from
4/15/2023
to
5/31/2027
with
a
par
value
of
$723,538
and
a
collateral
value
of
$721,749
707,592
707,592
COLLATERAL
FOR
SECURITIES
LOANED
-
13.40%
Mount
Vernon
Liquid
Assets
Portfolio,
LLC,
4.47%
(c)
7,688,114
7,688,114
TOTAL
SHORT-TERM
INVESTMENTS
(Cost $8,395,706)
8,395,706
TOTAL
INVESTMENTS
-
113.54%
(Cost
$48,781,598)
65,145,919
Liabilities
in
Excess
of
Other
Assets - (13.54)%
(7,770,361)
NET
ASSETS
-
100.00%
$
57,375,558
(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
$7,618,103.
(c)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
January
31,
2023.
ADR
-
American
Depositary
Receipt.