0001752724-23-222734.txt : 20230929
0001752724-23-222734.hdr.sgml : 20230929
20230929101936
ACCESSION NUMBER: 0001752724-23-222734
CONFORMED SUBMISSION TYPE: NPORT-P
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20230731
FILED AS OF DATE: 20230929
DATE AS OF CHANGE: 20230929
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: 231292619
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
2023-10-31
2023-07-31
N
128355482.13
127716.20
128227765.93
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
35490.35
N
N/A
N/A
Prime Solutions 5.01% 8/1/23
N/A
4194533.45000000
PA
USD
4194533.45000000
3.271158488630
Long
RA
CORP
US
N
N/A
Repurchase
N
5.01000000
2023-08-01
4302622.91000000
USD
4278442.05999999
USD
UST
N
N
N
The Bank of New York Mellon Corporation
WFLLPEPC7FZXENRZV188
Bank of New York Mellon Corp./The
064058100
100745.00000000
NS
USD
4569793.20000000
3.563809419010
Long
EC
CORP
US
N
1
N
N
N
Visa Inc
549300JZ4OKEHW3DPJ59
Visa, Inc.
92826C839
31220.00000000
NS
USD
7421930.60000000
5.788083841413
Long
EC
CORP
US
N
1
N
N
Assurant Inc.
H3F39CAXWQRVWURFXL38
Assurant, Inc.
04621X108
38900.00000000
NS
USD
5232439.00000000
4.080581894296
Long
EC
CORP
US
N
1
N
N
Paypal Holdings Inc.
5493005X2GO78EFZ3E94
PayPal Holdings, Inc.
70450Y103
34996.00000000
NS
USD
2653396.72000000
2.069284059310
Long
EC
CORP
US
N
1
N
N
N
Microchip Technology Incorporated
5493007PTFULNYZJ1R12
Microchip Technology, Inc.
595017104
28089.00000000
NS
USD
2638680.66000000
2.057807558965
Long
EC
CORP
US
N
1
N
N
N
KLA Corp.
549300H0BF5JCG96TJ81
KLA-Tencor Corp.
482480100
18498.00000000
NS
USD
9507047.10000000
7.414187583358
Long
EC
CORP
US
N
1
N
N
Alphabet Inc.
5493006MHB84DD0ZWV18
Alphabet, Inc.
02079K107
99180.00000000
NS
USD
13201849.80000000
10.29562490171
Long
EC
CORP
US
N
1
N
N
N
eBay Inc.
OML71K8X303XQONU6T67
eBay, Inc.
278642103
100000.00000000
NS
USD
4451000.00000000
3.471167081262
Long
EC
CORP
US
N
1
N
N
Diodes Incorporated
549300XP2X1ARVH3BX23
Diodes, Inc.
254543101
17411.00000000
NS
USD
1645165.39000000
1.283002458997
Long
EC
CORP
US
N
1
N
N
N
Alphabet Inc.
5493006MHB84DD0ZWV18
Alphabet, Inc.
02079K305
27500.00000000
NS
USD
3649800.00000000
2.846341409389
Long
EC
CORP
US
N
1
N
N
N
Amdocs Limited
549300HQV672RJ7RQV66
Amdocs Ltd.
G02602103
81587.00000000
NS
USD
7639806.68000000
5.957997181492
Long
EC
CORP
GG
N
1
N
N
N
Paychex Inc
529900K900DW6SUBM174
Paychex, Inc.
704326107
43649.00000000
NS
USD
5476640.03000000
4.271025070334
Long
EC
CORP
US
N
1
N
N
N
Activision Blizzard Inc
549300TPQQDBP9GNOF40
Activision Blizzard, Inc.
00507V109
15632.00000000
NS
USD
1450024.32000000
1.130819296026
Long
EC
CORP
US
N
1
N
N
N
Amazon.com, Inc.
ZXTILKJKG63JELOEG630
Amazon.com, Inc.
023135106
92150.00000000
NS
USD
12318612.00000000
9.606821042741
Long
EC
CORP
US
N
1
N
N
N
Quest Diagnostics Incorporated
8MCWUBXQ0WE04KMXBX50
Quest Diagnostics, Inc.
74834L100
15000.00000000
NS
USD
2028150.00000000
1.581677716437
Long
EC
CORP
US
N
1
N
N
N
Coterra Energy Inc
FCNMH6O7VWU7LHXMK351
Coterra Energy, Inc.
127097103
50000.00000000
NS
USD
1377000.00000000
1.073870382138
Long
EC
CORP
US
N
1
N
N
Amphenol Corporation
549300D3L3G0R4U4VT04
Amphenol Corp.
032095101
32860.00000000
NS
USD
2901866.60000000
2.263056350513
Long
EC
CORP
US
N
1
N
N
N
Akamai Technologies, Inc.
OC1LZNN2LF5WTJ5RIL89
Akamai Technologies, Inc.
00971T101
30324.00000000
NS
USD
2865618.00000000
2.234787434075
Long
EC
CORP
US
N
1
N
N
N
McKesson Corporation
549300WZWOM80UCFSF54
McKesson Corp.
58155Q103
21400.00000000
NS
USD
8611360.00000000
6.715674984699
Long
EC
CORP
US
N
1
N
N
N
Gilead Sciences, Inc.
549300WTZWR07K8MNV44
Gilead Sciences, Inc.
375558103
48145.00000000
NS
USD
3665760.30000000
2.858788245598
Long
EC
CORP
US
N
1
N
N
N
Amgen Inc.
62QBXGPJ34PQ72Z12S66
Amgen, Inc.
031162100
18500.00000000
NS
USD
4331775.00000000
3.378187998974
Long
EC
CORP
US
N
1
N
N
N
Mount Vernon Liquid Assets Portfolio, LLC
N/A
Mount Vernon Liquid Assets Portfolio, LLC
000000000
10586537.50000000
PA
USD
10586537.50000000
8.256041445640
Long
STIV
CORP
US
N
N/A
N
N
The Charles Schwab Corporation
549300VSGCJ7E698NM85
Charles Schwab Corp./The
808513105
92500.00000000
NS
USD
6114250.00000000
4.768273045744
Long
EC
CORP
US
N
1
N
N
N
Regeneron Pharmaceuticals, Inc.
549300RCBFWIRX3HYQ56
Regeneron Pharmaceuticals, Inc.
75886F107
5881.00000000
NS
USD
4363172.71000000
3.402673889196
Long
EC
CORP
US
N
1
N
N
N
Meta Platforms Inc
BQ4BKCS1HXDV9HN80Z93
Meta Platforms, Inc.
30303M102
18569.00000000
NS
USD
5916083.40000000
4.613730385998
Long
EC
CORP
US
N
1
N
N
N
2023-07-31
Oak Associates Funds
Gregory Knoth
Gregory Knoth
SVP, Mutual Fund Controller
XXXX
NPORT-EX
2
ultimus_5720.htm
NPORT-EX FILE JULY 2023
White
Oak
Select
Growth
Fund
Schedule
of
Investments
July
31,
2023
(Unaudited)
COMMON
STOCKS
-
98.97%
Shares
Fair
Value
COMMUNICATIONS
-
19.31%
Internet
Media
&
Services
-
19.31%
Alphabet,
Inc.
-
Class
A
(a)
152,000
$
20,173,440
Alphabet,
Inc.
-
Class
C
(a)
248,000
33,011,280
Meta
Platforms,
Inc.
-
Class
A
(a)
56,975
18,152,235
71,336,955
CONSUMER
DISCRETIONARY
-
17.08%
E-Commerce
Discretionary
-
11.37%
Amazon.com,
Inc.
(a)
314,100
41,988,888
Retail
-
Discretionary
-
5.71%
Lowe's
Companies,
Inc.
90,000
21,084,300
FINANCIALS
-
15.52%
Asset
Management
-
5.62%
Charles
Schwab
Corp.
(The)
314,100
20,762,010
Banking
-
5.95%
JPMorgan
Chase
&
Co.
139,065
21,966,708
Institutional
Financial
Services
-
0.69%
State
Street
Corp.
35,000
2,535,400
Insurance
-
3.26%
Chubb
Ltd.
58,937
12,047,312
HEALTH
CARE
-
23.04%
Biotech
&
Pharma
-
11.16%
Amgen,
Inc.
82,460
19,308,009
Novartis
AG
-
ADR
114,060
11,964,894
Pfizer,
Inc.
275,700
9,941,742
41,214,645
Health
Care
Facilities
&
Services
-
5.81%
Cigna
Corp.
32,952
9,724,136
Fortrea
Holdings,
Inc.
(a)(b)
47,770
1,526,729
Laboratory
Corporation
of
America
Holdings
(b)
47,770
10,219,436
21,470,301
Medical
Equipment
&
Devices
-
6.07%
Alcon,
Inc.
(b)
138,000
11,718,960
Zimmer
Biomet
Holdings,
Inc.
77,390
10,691,428
22,410,388
TECHNOLOGY
-
24.02%
Semiconductors
-
15.33%
KLA
Corp.
49,835
25,612,698
NXP
Semiconductors
NV
66,513
14,831,069
QUALCOMM,
Inc.
122,300
16,164,391
56,608,158
Technology
Hardware
-
6.90%
Cisco
Systems,
Inc.
490,000
25,499,600
White
Oak
Select
Growth
Fund
Schedule
of
Investments
(continued)
July
31,
2023
(Unaudited)
COMMON
STOCKS
-
98.97%
(Continued)
Shares
Fair
Value
TECHNOLOGY
-
24.02%
(Continued)
Technology
Services
-
1.79%
Cognizant
Technology
Solutions
Corp.
-
Class
A
100,000
$
6,603,000
TOTAL
COMMON
STOCKS
(Cost $161,268,953)
365,527,665
SHORT-TERM
INVESTMENTS
-
2.16%
Shares
Fair
Value
REPURCHASE
AGREEMENTS
-
0.98%
Tri-Party
Repurchase
Agreement
with
South
Street
Securities
LLC
and
Bank
of
New
York
Mellon,
5.01%,
dated
7/31/2023
and
maturing
8/1/2023,
collateralized
by
U
.
S
.
Treasury
Securities
with
rates
ranging
from
4
.00
%
to
4
.25
%
and
maturity
dates
ranging
from
12/31/2024
to
7/31/2030
with
a
par
value
of
$3,729,007
and
a
collateral
value
of
$3,708,050
3,635,328
3,635,328
COLLATERAL
FOR
SECURITIES
LOANED
-
1.18%
Mount
Vernon
Liquid
Ass
ets
Portfolio,
LLC,
5.47%
(c)
4,343,790
4,343,790
TOTAL
SHORT-TERM
INVESTMENTS
(Cost $7,979,118)
7,979,118
TOTAL
INVESTMENTS
-
101.13%
(Cost
$169,248,071)
373,506,783
Liabilities
in
Excess
of
Other
Assets - (1.13)%
(4,180,025)
NET
ASSETS
-
100.00%
$
369,326,758
(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
$4,258,986.
(c)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
July
31,
2023.
ADR
-
American
Depositary
Receipt
Pin
Oak
Equity
Fund
Schedule
of
Investments
July
31,
2023
(Unaudited)
COMMON
STOCKS
-
96.76%
Shares
Fair
Value
COMMUNICATIONS
-
18.89%
Entertainment
Content
-
1.13%
Activision
Blizzard,
Inc.
(a)
15,632
$
1,450,025
Internet
Media
&
Services
-
17.76%
Alphabet,
Inc.
-
Class
A
(a)
27,500
3,649,800
Alphabet,
Inc.
-
Class
C
(a)
99,180
13,201,850
Meta
Platforms,
Inc.
-
Class
A
(a)
18,569
5,916,083
22,767,733
CONSUMER
DISCRETIONARY
-
13.08%
E-Commerce
Discretionary
-
13.08%
Amazon.com,
Inc.
(a)
92,150
12,318,612
eBay,
Inc.
(b)
100,000
4,451,000
16,769,612
ENERGY
-
1.08%
Oil
&
Gas
Producers
-
1.08%
Coterra
Energy,
Inc.
(b)
50,000
1,377,000
FINANCIALS
-
12.42%
Asset
Management
-
4.77%
Charles
Schwab
Corp.
(The)
92,500
6,114,250
Institutional
Financial
Services
-
3.57%
Bank
of
New
York
Mellon
Corp.
(The)
100,745
4,569,793
Insurance
-
4.08%
Assurant,
Inc.
(b)
38,900
5,232,439
HEALTH
CARE
-
17.94%
Biotech
&
Pharma
-
9.64%
Amgen,
Inc.
18,500
4,331,775
Gilead
Sciences,
Inc.
48,145
3,665,760
Regeneron
Pharmaceuticals,
Inc.
(a)
5,881
4,363,173
12,360,708
Health
Care
Facilities
&
Services
-
8.30%
McKesson
Corp.
21,400
8,611,360
Quest
Diagnostics,
Inc.
15,000
2,028,150
10,639,510
INDUSTRIALS
-
2.26%
Electrical
Equipment
-
2.26%
Amphenol
Corp.
-
Class
A
32,860
2,901,867
TECHNOLOGY
-
31.09%
Semiconductors
-
10.76%
Diodes,
Inc.
(a)
17,411
1,645,165
KLA
Corp.
(b)
18,498
9,507,047
Microchip
Technology,
Inc.
28,089
2,638,681
13,790,893
Software
-
2.24%
Akamai
Technologies,
Inc.
(a)
30,324
2,865,618
Technology
Services
-
18.09%
Amdocs
Ltd.
81,587
7,639,807
Pin
Oak
Equity
Fund
Schedule
of
Investments
(continued)
July
31,
2023
(Unaudited)
COMMON
STOCKS
-
96.76%
(Continued)
Shares
Fair
Value
TECHNOLOGY
-
31.09%
(Continued)
Technology
Services
-
18.09%
(Continued)
Paychex,
Inc.
43,649
$
5,476,640
PayPal
Holdings,
Inc.
(a)
34,996
2,653,397
Visa,
Inc.
-
Class
A
(b)
31,220
7,421,930
23,191,774
TOTAL
COMMON
STOCKS
(Cost $60,439,939)
124,031,222
SHORT-TERM
INVESTMENTS
-
11.53%
Shares
Fair
Value
REPURCHASE
AGREEMENTS
-
3.27%
Tri-Party
Repurchase
Agreement
with
South
Street
Securities
LLC
and
Bank
of
New
York
Mellon,
5.01%,
dated
7/31/2023
and
maturing
8/1/2023,
collateralized
by
U
.
S
.
Treasury
Securities
with
rates
ranging
from
4.00%
to
4.25%
and
maturity
dates
ranging
from
12/31/2024
to
7/31/2030
with
a
par
value
of
$4,302,623
and
a
collateral
value
of
$4,278,442
4,194,533
4,194,533
COLLATERAL
FOR
SECURITIES
LOANED
-
8.26%
Mount
Vernon
Liquid
Assets
Portfolio,
LLC,
5.47%
(c)
10,586,538
10,586,538
TOTAL
SHORT-TERM
INVESTMENTS
(Cost $14,781,071)
14,781,071
TOTAL
INVESTMENTS
-
108.29%
(Cost
$75,221,010)
138,812,293
Liabilities
in
Excess
of
Other
Assets - (8.29)%
(10,631,540)
NET
ASSETS
-
100.00%
$
128,180,753
(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
$10,450,726.
(c)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
July
31,
2023.
Rock
Oak
Core
Growth
Fund
Schedule
of
Investments
July
31,
2023
(Unaudited)
COMMON
STOCKS
-
88.52%
Shares
Fair
Value
CONSUMER
DISCRETIONARY
-
7.66%
Leisure
Products
-
3.86%
Thor
Industries,
Inc.
(a)
3,490
$
403,060
Wholesale
-
Discretionary
-
3.80%
Pool
Corp.
(a)
1,030
396,283
ENERGY
-
8.17%
Oil
&
Gas
Producers
-
5.58%
Coterra
Energy,
Inc.
(a)
11,541
317,839
Murphy
USA,
Inc.
864
265,274
583,113
Renewable
Energy
-
2.59%
SolarEdge
Technologies,
Inc.
(b)
1,120
270,435
FINANCIALS
-
8.60%
Insurance
-
8.60%
Assurant,
Inc.
(a)
1,830
246,154
Hartford
Financial
Services
Group,
Inc.
(The)
9,065
651,592
897,746
HEALTH
CARE
-
19.14%
Biotech
&
Pharma
-
8.78%
Exelixis,
Inc.
(b)
18,149
357,717
Jazz
Pharmaceuticals
PLC
(b)
2,825
368,436
Viatris,
Inc.
18,120
190,804
916,957
Health
Care
Facilities
&
Services
-
8.96%
Cardinal
Health,
Inc.
5,770
527,782
Quest
Diagnostics,
Inc.
3,015
407,658
935,440
Medical
Equipment
&
Devices
-
1.40%
Illumina,
Inc.
(a)
(b)
760
146,034
INDUSTRIALS
-
18.92%
Aerospace
&
Defense
-
4.61%
TransDigm
Group,
Inc.
(a)
535
481,350
Commercial
Support
Services
-
4.53%
Republic
Services,
Inc.
3,130
472,974
Machinery
-
9.78%
Curtiss-Wright
Corp.
1,620
310,003
ESAB
Corp.
(a)
3,618
248,557
Nordson
Corp.
(a)
1,839
462,711
1,021,271
MATERIALS
-
7.05%
Chemicals
-
2.23%
CF
Industries
Holdings,
Inc.
(a)
2,840
233,107
Construction
Materials
-
4.82%
Carlisle
Companies,
Inc.
1,815
503,118
Rock
Oak
Core
Growth
Fund
Schedule
of
Investments
(continued)
July
31,
2023
(Unaudited)
COMMON
STOCKS
-
88.52%
(Continued)
Shares
Fair
Value
TECHNOLOGY
-
18.98%
Technology
Hardware
-
12.27%
F5,
Inc.
(a)
(b)
2,820
$
446,237
NetApp,
Inc.
5,805
452,848
Seagate
Technology
PLC
(a)
6,007
381,444
1,280,529
Technology
Services
-
6.71%
Amdocs
Ltd.
3,602
337,292
Cognizant
Technology
Solutions
Corp.
-
Class
A
5,507
363,627
700,919
TOTAL
COMMON
STOCKS
(Cost $6,742,228)
9,242,336
SHORT-TERM
INVESTMENTS
-
36.97%
Shares
Fair
Value
REPURCHASE
AGREEMENTS
-
11.55%
Tri-Party
Repurchase
Agreement
with
South
Street
Securities
LLC
and
Bank
of
New
York
Mellon,
5.01%,
dated
7/31/2023
and
maturing
8/1/2023,
collateralized
by
U.S.
Treasury
Securities
with
rates
ranging
from
4.00%
to
4.25%
and
maturity
dates
ranging
from
12/31/2024
to
7/31/2030
with
a
par
value
of
$1,236,727
and
a
collateral
value
of
$1,229,777
1,205,658
1,205,658
COLLATERAL
FOR
SECURITIES
LOANED
-
25.42%
Mount
Vernon
Liquid
Assets
Portfolio,
LLC,
5.47%
(c)
2,654,315
2,654,315
TOTAL
SHORT-TERM
INVESTMENTS
(Cost $3,859,973)
3,859,973
TOTAL
INVESTMENTS
-
125.49%
(Cost
$10,602,201)
13,102,309
Liabilities
in
Excess
of
Other
Assets - (25.49)%
(2,661,074)
NET
ASSETS
-
100.00%
$
10,441,235
(a)
Security,
or
a
portion
of
the
security
position,
is
currently
on
loan.
The
total
market
value
of
securities
on
loan
is
$2,621,299.
(b)
Non-income
producing
security.
(c)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
July
31,
2023.
River
Oak
Discovery
Fund
Schedule
of
Investments
July
31,
2023
(Unaudited)
COMMON
STOCKS
-
95.82%
Shares
Fair
Value
CONSUMER
DISCRETIONARY
-
6.26%
Consumer
Services
-
3.10%
Adtalem
Global
Education,
Inc.
(a)(b)
17,305
$
748,268
Retail
-
Discretionary
-
3.16%
Asbury
Automotive
Group,
Inc.
(a)
3,380
762,528
CONSUMER
STAPLES
-
5.04%
Household
Products
-
5.04%
Edgewell
Personal
Care
Co.
(b)
17,322
682,660
Energizer
Holdings,
Inc.
(b)
15,000
535,500
1,218,160
FINANCIALS
-
10.36%
Asset
Management
-
4.83%
AllianceBernstein
Holding
LP
21,518
692,665
Artisan
Partners
Asset
Management,
Inc.
-
Class
A
(b)
11,425
474,023
1,166,688
Insurance
-
5.53%
CNO
Financial
Group,
Inc.
19,434
499,842
Selective
Insurance
Group,
Inc.
(b)
8,090
834,807
1,334,649
HEALTH
CARE
-
11.95%
Biotech
&
Pharma
-
6.32%
Ironwood
Pharmaceuticals,
Inc.
(a)
57,917
642,300
Prestige
Consumer
Healthcare,
Inc.
(a)
13,557
884,052
1,526,352
Health
Care
Facilities
&
Services
-
5.63%
Ensign
Group,
Inc.
(The)
(b)
7,572
733,500
Progyny,
Inc.
(a)
15,006
626,650
1,360,150
INDUSTRIALS
-
26.30%
Commercial
Support
Services
-
13.24%
Barrett
Business
Services,
Inc.
9,477
859,848
Kforce,
Inc.
(b)
14,641
928,825
Korn
Ferry
11,359
598,392
Vectrus,
Inc.
(a)
15,768
811,422
3,198,487
Electrical
Equipment
-
5.22%
Advanced
Energy
Industries,
Inc.
10,072
1,260,813
Industrial
Support
Services
-
3.82%
Applied
Industrial
Technologies,
Inc.
6,369
923,441
Machinery
-
4.02%
Kadant,
Inc.
(b)
4,352
969,843
TECHNOLOGY
-
35.91%
Semiconductors
-
26.35%
Ambarella,
Inc.
(a)
8,849
738,183
Cirrus
Logic,
Inc.
(a)(b)
11,637
940,270
Cohu,
Inc.
(a)(b)
23,005
1,004,168
River
Oak
Discovery
Fund
Schedule
of
Investments
(continued)
July
31,
2023
(Unaudited)
COMMON
STOCKS
-
95.82%
(Continued)
Shares
Fair
Value
TECHNOLOGY
-
35.91%
(Continued)
Semiconductors
-
26.35%
(Continued)
Diodes,
Inc.
(a)
10,822
$
1,022,571
Kulicke
&
Soffa
Industries,
Inc.
(b)
22,922
1,372,569
Silicon
Motion
Technology
Corp.
-
ADR
9,000
570,600
Tower
Semiconductor
Ltd.
(a)
18,941
715,023
6,363,384
Software
-
5.78%
Calix,
Inc.
(a)(b)
3,095
139,616
NextGen
Healthcare,
Inc.
(a)
49,292
819,726
Verint
Systems,
Inc.
(a)
11,703
437,341
1,396,683
Technology
Services
-
3.78%
Perficient,
Inc.
(a)
14,311
912,899
TOTAL
COMMON
STOCKS
(Cost $16,821,064)
23,142,345
SHORT-TERM
INVESTMENTS
-
30.03%
Shares
Fair
Value
REPURCHASE
AGREEMENTS
-
4.29%
Tri-Party
Repurchase
Agreement
with
South
Street
Securities
LLC
and
Bank
of
New
York
Mellon,
5.01%,
dated
7/31/2023
and
maturing
8/1/2023,
collateralized
by
U.S.
Treasury
Securities
with
rates
ranging
from
4.00%
to
4.25%
and
maturity
dates
ranging
from
12/31/2024
to
7/31/2030
with
a
par
value
of
$1,063,105
and
a
collateral
value
of
$1,057,130
1,036,398
1,036,398
COLLATERAL
FOR
SECURITIES
LOANED
-
25.74%
Mount
Vernon
Liquid
Assets
Portfolio,
LLC,
5.47%
(c)
6,217,606
6,217,606
TOTAL
SHORT-TERM
INVESTMENTS
(Cost $7,254,004)
7,254,004
TOTAL
INVESTMENTS
-
125.85%
(Cost
$24,075,068)
30,396,349
Liabilities
in
Excess
of
Other
Assets - (25.85)%
(6,242,629)
NET
ASSETS
-
100.00%
$
24,153,720
(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
$6,110,675.
(c)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
July
31,
2023.
ADR
-
American
Depositary
Receipt
Red
Oak
Technology
Select
Fund
Schedule
of
Investments
July
31,
2023
(Unaudited)
COMMON
STOCKS
-
99.13%
Shares
Fair
Value
COMMUNICATIONS
-
14.06%
Internet
Media
&
Services
-
14.06%
Alphabet,
Inc.
-
Class
A
(a)
75,000
$
9,954,000
Alphabet,
Inc.
-
Class
C
(a)
304,720
40,561,279
Meta
Platforms,
Inc.
-
Class
A
(a)
83,225
26,515,485
77,030,764
CONSUMER
DISCRETIONARY
-
9.05%
E-Commerce
Discretionary
-
9.05%
Amazon.com,
Inc.
(a)
263,000
35,157,840
eBay,
Inc.
324,030
14,422,576
49,580,416
INDUSTRIALS
-
2.38%
Aerospace
&
Defense
-
1.42%
Lockheed
Martin
Corp.
17,399
7,766,392
Electrical
Equipment
-
0.96%
Amphenol
Corp.
-
Class
A
60,000
5,298,600
TECHNOLOGY
-
73.64%
Semiconductors
-
23.79%
Advanced
Micro
Devices,
Inc.
(a)
90,000
10,296,000
Intel
Corp.
147,615
5,280,188
KLA
Corp.
68,609
35,261,596
Microchip
Technology,
Inc.
95,000
8,924,300
NVIDIA
Corp.
30,000
14,018,700
NXP
Semiconductors
NV
113,550
25,319,379
Qorvo,
Inc.
(a)
100,000
11,002,000
QUALCOMM,
Inc.
153,200
20,248,444
130,350,607
Software
-
24.47%
Akamai
Technologies,
Inc.
(a)
116,780
11,035,710
Check
Point
Software
Technologies
Ltd.
(a)
58,700
7,760,727
Microsoft
Corp.
99,403
33,391,456
Oracle
Corp.
262,554
30,779,205
Synopsys,
Inc.
(a)
65,970
29,805,246
VMware,
Inc.
-
Class
A
(a)
135,470
21,354,136
134,126,480
Technology
Hardware
-
15.01%
Apple,
Inc.
190,000
37,325,500
Cisco
Systems,
Inc.
576,180
29,984,407
NetApp,
Inc.
191,334
14,925,966
82,235,873
Technology
Services
-
10.37%
Accenture
PLC
-
Class
A
50,118
15,854,829
Global
Payments,
Inc.
93,157
10,270,559
MasterCard,
Inc.
-
Class
A
29,642
11,687,248
Red
Oak
Technology
Select
Fund
Schedule
of
Investments
(continued)
July
31,
2023
(Unaudited)
COMMON
STOCKS
-
99.13%
(Continued)
Shares
Fair
Value
TECHNOLOGY
-
73.64%
(Continued)
Technology
Services
-
10.37%
(Continued)
Visa,
Inc.
-
Class
A
(b)
80,000
$
19,018,400
56,831,036
TOTAL
COMMON
STOCKS
(Cost $195,455,993)
543,220,168
SHORT-TERM
INVESTMENTS
-
4.44%
Shares
Fair
Value
REPURCHASE
AGREEMENTS
-
0.96%
Tri-Party
Repurchase
Agreement
with
South
Street
Securities
LLC
and
Bank
of
New
York
Mellon,
5.01%,
dated
7/31/2023
and
maturing
8/1/2023,
collateralized
by
U.S.
Treasury
Securities
with
rates
ranging
from
4.00%
to
4.25%
and
maturity
dates
ranging
from
12/31/2024
to
7/31/2030
with
a
par
value
of
$5,424,373
and
a
collateral
value
of
$5,393,888
5,288,103
5,288,103
COLLATERAL
FOR
SECURITIES
LOANED
-
3.48%
Mount
Vernon
Liquid
Assets
Portfolio,
LLC,
5.47%
(c)
19,047,600
19,047,600
TOTAL
SHORT-TERM
INVESTMENTS
(Cost $24,335,703)
24,335,703
TOTAL
INVESTMENTS
-
103.57%
(Cost
$219,791,696)
567,555,871
Liabilities
in
Excess
of
Other
Assets - (3.57)%
(19,540,296)
NET
ASSETS
-
100.00%
$
548,015,575
(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
$18,828,216.
(c)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
July
31,
2023.
Black
Oak
Emerging
Technology
Fund
Schedule
of
Investments
July
31,
2023
(Unaudited)
COMMON
STOCKS
-
96.12%
Shares
Fair
Value
CONSUMER
DISCRETIONARY
-
2.55%
Automotive
-
2.55%
Tesla,
Inc.
(a)
5,817
$
1,555,640
ENERGY
-
3.00%
Renewable
Energy
-
3.00%
SolarEdge
Technologies,
Inc.
(a)(b)
7,584
1,831,233
HEALTH
CARE
-
4.40%
Medical
Equipment
&
Devices
-
4.40%
Illumina,
Inc.
(a)(b)
6,757
1,298,357
Intuitive
Surgical,
Inc.
(a)
4,259
1,381,620
2,679,977
INDUSTRIALS
-
10.24%
Electrical
Equipment
-
3.61%
Advanced
Energy
Industries,
Inc.
(b)
17,560
2,198,161
Industrial
Support
Services
-
3.33%
Applied
Industrial
Technologies,
Inc.
14,000
2,029,860
Machinery
-
3.30%
Nordson
Corp.
8,000
2,012,880
TECHNOLOGY
-
75.93%
Information
Technology
-
2.69%
Paylocity
Holdings
Corp.
(a)
7,220
1,637,857
Semiconductors
-
39.61%
Advanced
Micro
Devices,
Inc.
(a)
17,247
1,973,057
Ambarella,
Inc.
(a)
25,956
2,165,250
Cirrus
Logic,
Inc.
(a)(b)
20,830
1,683,064
Cohu,
Inc.
(a)
59,077
2,578,711
Diodes,
Inc.
(a)
25,770
2,435,007
KLA
Corp.
(b)
6,750
3,469,162
Kulicke
&
Soffa
Industries,
Inc.
(b)
49,645
2,972,743
Lam
Research
Corp.
3,500
2,514,715
NVIDIA
Corp.
3,416
1,596,263
QUALCOMM,
Inc.
10,844
1,433,251
Silicon
Motion
Technology
Corp.
-
ADR
20,940
1,327,596
24,148,819
Software
-
11.17%
Calix,
Inc.
(a)
11,424
515,337
Concentrix
Corp.
(b)
6,000
499,440
Fortinet,
Inc.
(a)
20,800
1,616,576
NextGen
Healthcare,
Inc.
(a)
88,315
1,468,678
Salesforce.com,
Inc.
(a)
9,659
2,173,372
Verint
Systems,
Inc.
(a)(b)
14,335
535,699
6,809,102
Technology
Hardware
-
8.48%
Apple,
Inc.
20,120
3,952,574
F5,
Inc.
(a)
7,705
1,219,239
5,171,813
Black
Oak
Emerging
Technology
Fund
Schedule
of
Investments
(continued)
July
31,
2023
(Unaudited)
COMMON
STOCKS
-
96.12%
(Continued)
Shares
Fair
Value
TECHNOLOGY
-
75.93%
(Continued)
Technology
Services
-
13.98%
Amdocs
Ltd.
15,234
$
1,426,512
Cognizant
Technology
Solutions
Corp.
-
Class
A
9,600
633,888
CSG
Systems
International,
Inc.
10,000
515,900
Jack
Henry
&
Associates,
Inc.
(b)
5,070
849,580
PayPal
Holdings,
Inc.
(a)
27,523
2,086,794
Perficient,
Inc.
(a)
19,395
1,237,207
Science
Applications
International
Corp.
14,607
1,772,413
8,522,294
TOTAL
COMMON
STOCKS
(Cost $27,894,541)
58,597,636
SHORT-TERM
INVESTMENTS
-
17.59%
Shares
Fair
Value
REPURCHASE
AGREEMENTS
-
4.00%
Tri-Party
Repurchase
Agreement
with
South
Street
Securities
LLC
and
Bank
of
New
York
Mellon,
5.01%,
dated
7/31/2023
and
maturing
8/1/2023,
collateralized
by
U.S.
Treasury
Securities
with
rates
ranging
from
4.00%
to
4.25%
and
maturity
dates
ranging
from
12/31/2024
to
7/31/2030
with
a
par
value
of
$2,498,480
and
a
collateral
value
of
$2,484,438
2,435,713
2,435,713
COLLATERAL
FOR
SECURITIES
LOANED
-
13.59%
Mount
Vernon
Liquid
Assets
Portfolio,
LLC,
5.47%
(c)
8,283,876
8,283,876
TOTAL
SHORT-TERM
INVESTMENTS
(Cost $10,719,589)
10,719,589
TOTAL
INVESTMENTS
-
113.71%
(Cost
$38,614,130)
69,317,225
Liabilities
in
Excess
of
Other
Assets - (13.71)%
(8,356,899)
NET
ASSETS
-
100.00%
$
60,960,326
(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
$8,156,098.
(c)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
July
31,
2023.
ADR
-
American
Depositary
Receipt
Live
Oak
Health
Sciences
Fund
Schedule
of
Investments
July
31,
2023
(Unaudited)
COMMON
STOCKS
-
94.85%
Shares
Fair
Value
HEALTH
CARE
-
94.85%
Biotech
-
29.76%
Amgen,
Inc.
10,240
$
2,397,696
Biogen,
Inc.
(a)
5,006
1,352,571
Exelixis,
Inc.
(a)
86,379
1,702,530
Gilead
Sciences,
Inc.
13,718
1,044,488
Incyte
Corp.
(a)
25,041
1,595,613
Moderna,
Inc.
(a)
12,813
1,507,578
Regeneron
Pharmaceuticals,
Inc.
(a)
3,190
2,366,693
United
Therapeutics
Corp.
(a)
7,465
1,811,905
Vertex
Pharmaceuticals,
Inc.
(a)
5,515
1,943,155
15,722,229
Health
Care
Facilities
-
2.12%
Ensign
Group,
Inc.
(The)
(b)
11,558
1,119,623
Health
Care
Services
-
4.15%
Laboratory
Corporation
of
America
Holdings
7,425
1,588,430
Quest
Diagnostics,
Inc.
4,453
602,090
2,190,520
Health
Care
Supply
Chain
-
18.05%
AmerisourceBergen
Corp.
13,739
2,567,819
Cardinal
Health,
Inc.
22,235
2,033,835
Cigna
Corp.
5,499
1,622,755
CVS
Health
Corp.
(b)
15,000
1,120,350
McKesson
Corp.
5,448
2,192,275
9,537,034
Large
Pharmaceuticals
-
6.92%
Johnson
&
Johnson
7,019
1,175,893
Merck
&
Co.,
Inc.
11,852
1,264,016
Novartis
AG
-
ADR
11,600
1,216,840
3,656,749
Life
Science
&
Diagnostics
-
6.46%
Bio-Rad
Laboratories,
Inc.
-
Class
A
(a)
4,333
1,756,425
Thermo
Fisher
Scientific,
Inc.
3,023
1,658,599
3,415,024
Managed
Care
-
14.32%
Anthem,
Inc.
3,418
1,612,031
Centene
Corp.
(a)
15,000
1,021,350
Humana,
Inc.
(b)
3,614
1,650,984
Molina
Healthcare,
Inc.
(a)
5,191
1,580,608
UnitedHealth
Group,
Inc.
3,369
1,705,961
7,570,934
Medical
Devices
-
5.97%
Medtronic
PLC
21,490
1,885,963
Stryker
Corp.
4,479
1,269,393
3,155,356
Medical
Equipment
-
3.97%
Intuitive
Surgical,
Inc.
(a)
6,458
2,094,975
Live
Oak
Health
Sciences
Fund
Schedule
of
Investments
(continued)
July
31,
2023
(Unaudited)
COMMON
STOCKS
-
94.85%
(Continued)
Shares
Fair
Value
HEALTH
CARE
-
94.85%
(Continued)
Specialty
&
Generic
Pharmaceuticals
-
3.13%
Jazz
Pharmaceuticals
PLC
(a)
12,693
$
1,655,421
TOTAL
COMMON
STOCKS
(Cost $35,697,892)
50,117,865
SHORT-TERM
INVESTMENTS
-
10.49%
REPURCHASE
AGREEMENTS
-
5.21%
Tri-Party
Repurchase
Agreement
with
South
Street
Securities
LLC
and
Bank
of
New
York
Mellon,
5.01%,
dated
7/31/2023
and
maturing
8/1/2023,
collateralized
by
U.S.
Treasury
Securities
with
rates
ranging
from
4.00%
to
4.25%
and
maturity
dates
ranging
from
12/31/2024
to
7/31/2030
with
a
par
value
of
$2,820,985
and
a
collateral
value
of
$2,805,131
2,750,117
2,750,117
COLLATERAL
FOR
SECURITIES
LOANED
-
5.28%
Mount
Vernon
Liquid
Assets
Portfolio,
LLC,
5.47%
(c)
2,787,253
2,787,253
TOTAL
SHORT-TERM
INVESTMENTS
(Cost $5,537,370)
5,537,370
TOTAL
INVESTMENTS
-
105.34%
(Cost
$41,235,262)
55,655,235
Liabilities
in
Excess
of
Other
Assets - (5.34)%
(2,822,568)
NET
ASSETS
-
100.00%
$
52,832,667
(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
$2,778,520
.
(c)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
July
31,
2023.
ADR
-
American
Depositary
Receipt