0001752724-23-222737.txt : 20230929
0001752724-23-222737.hdr.sgml : 20230929
20230929101937
ACCESSION NUMBER: 0001752724-23-222737
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: 231292623
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
S000006541
BLACK OAK EMERGING TECHNOLOGY FUND
C000017876
BLACK OAK EMERGING TECHNOLOGY FUND
BOGSX
NPORT-P
1
primary_doc.xml
NPORT-P
false
0001050918
XXXXXXXX
S000006541
C000017876
Oak Associates Funds
811-08549
0001050918
54930064H3XUADDZTB14
3875 Embassy Parkway
Suite 250
Akron
44333
888-462-5386
BLACK OAK EMERGING TECHNOLOGY FUND
S000006541
549300057F9QRWZZDV78
2023-10-31
2023-07-31
N
61053418.93
64192.24
60989226.69
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
6626.79
N
Cohu Inc
529900FJPORJ3JJ2XS33
Cohu, Inc.
192576106
59077.00000000
NS
USD
2578711.05000000
4.228141903007
Long
EC
CORP
US
N
1
N
N
N
Illumina Inc
SQ95QG8SR5Q56LSNF682
Illumina, Inc.
452327109
6757.00000000
NS
USD
1298357.55000000
2.128830976328
Long
EC
CORP
US
N
1
N
N
Amdocs Limited
549300HQV672RJ7RQV66
Amdocs Ltd.
G02602103
15234.00000000
NS
USD
1426511.76000000
2.338956955874
Long
EC
CORP
GG
N
1
N
N
N
Intuitive Surgical Inc.
54930052SRG011710797
Intuitive Surgical, Inc.
46120E602
4259.00000000
NS
USD
1381619.60000000
2.265350251155
Long
EC
CORP
US
N
1
N
N
N
Paylocity Holding Corporation
549300VH75FTB4DIEE07
Paylocity Holdings Corp.
70438V106
7220.00000000
NS
USD
1637857.00000000
2.685485763452
Long
EC
CORP
US
N
1
N
N
N
Lam Research Corporation
549300I4GMO6D34U1T02
Lam Research Corp.
512807108
3500.00000000
NS
USD
2514715.00000000
4.123211813755
Long
EC
CORP
US
N
1
N
N
N
Fortinet Inc
549300O0QJWDBAS0QX03
Fortinet, Inc.
34959E109
20800.00000000
NS
USD
1616576.00000000
2.650592715688
Long
EC
CORP
US
N
1
N
N
N
Apple Inc.
HWUPKR0MPOU8FGXBT394
Apple, Inc.
037833100
20120.00000000
NS
USD
3952574.00000000
6.480774088332
Long
EC
CORP
US
N
1
N
N
N
Advanced Micro Devices, Inc.
R2I72C950HOYXII45366
Advanced Micro Devices, Inc.
007903107
17247.00000000
NS
USD
1973056.80000000
3.235090698934
Long
EC
CORP
US
N
1
N
N
N
Science Applications International Corporation New
549300LZPNZIXQGZPZ48
Science Applications International Corp.
808625107
14607.00000000
NS
USD
1772413.38000000
2.906108957585
Long
EC
CORP
US
N
1
N
N
N
Henry Jack & Associates Inc.
529900X1QS8C54W0JB21
Jack Henry & Associates, Inc.
426281101
5070.00000000
NS
USD
849579.90000000
1.392999954431
Long
EC
CORP
US
N
1
N
N
Solaredge Technologies Inc
5493000K6Y58XXPDF853
SolarEdge Technologies, Inc.
83417M104
7584.00000000
NS
USD
1831232.64000000
3.002551006766
Long
EC
CORP
US
N
1
N
N
Salesforce Inc
RCGZFPDMRW58VJ54VR07
salesforce.com, Inc.
79466L302
9659.00000000
NS
USD
2173371.59000000
3.563533607413
Long
EC
CORP
US
N
1
N
N
N
N/A
N/A
Prime Solutions 5.01% 8/1/23
N/A
2435713.37000000
PA
USD
2435713.37000000
3.993678067735
Long
RA
CORP
US
N
N/A
Repurchase
N
5.01000000
2023-08-01
2498479.56999999
USD
2484438.06000000
USD
UST
N
N
N
Nextgen Healthcare Inc.
549300N5HIPS1URF0F20
NextGen Healthcare, Inc.
65343C102
88315.00000000
NS
USD
1468678.45000000
2.408094887749
Long
EC
CORP
US
N
1
N
N
N
QUALCOMM Inc.
H1J8DDZKZP6H7RWC0H53
QUALCOMM, Inc.
747525103
10844.00000000
NS
USD
1433251.48000000
2.350007628863
Long
EC
CORP
US
N
1
N
N
N
KLA Corp.
549300H0BF5JCG96TJ81
KLA-Tencor Corp.
482480100
6750.00000000
NS
USD
3469162.50000000
5.688156233941
Long
EC
CORP
US
N
1
N
N
Calix Networks Inc
5299002RQRZ4SXSCSJ58
Calix, Inc.
13100M509
11424.00000000
NS
USD
515336.64000000
0.844963394304
Long
EC
CORP
US
N
1
N
N
N
Perficient Inc
549300HTBXKL2755T650
Perficient, Inc.
71375U101
19395.00000000
NS
USD
1237207.05000000
2.028566547151
Long
EC
CORP
US
N
1
N
N
N
Mount Vernon Liquid Assets Portfolio, LLC
N/A
Mount Vernon Liquid Assets Portfolio, LLC
000000000
8283875.75000000
PA
USD
8283875.75000000
13.58252301198
Long
STIV
CORP
US
N
N/A
N
N
Verint Systems Inc
549300KEQJS5FRVUCO94
Verint Systems, Inc.
92343X100
14335.00000000
NS
USD
535698.95000000
0.878350126855
Long
EC
CORP
US
N
1
N
N
Cirrus Logic, Inc.
549300NKSJEM5ZZSSV18
Cirrus Logic, Inc.
172755100
20830.00000000
NS
USD
1683064.00000000
2.759608690490
Long
EC
CORP
US
N
1
N
N
NVIDIA Corp.
549300S4KLFTLO7GSQ80
NVIDIA Corp.
67066G104
3416.00000000
NS
USD
1596262.64000000
2.617286243214
Long
EC
CORP
US
N
1
N
N
N
Applied Industrial Technologies Inc.
549300NU173IJRC6PO38
Applied Industrial Technologies, Inc.
03820C105
14000.00000000
NS
USD
2029860.00000000
3.328227147914
Long
EC
CORP
US
N
1
N
N
N
Tesla Inc
54930043XZGB27CTOV49
Tesla, Inc.
88160R101
5817.00000000
NS
USD
1555640.31000000
2.550680496257
Long
EC
CORP
US
N
1
N
N
N
Silicon Motion Technology Corp.
5299005RBVBZQJTYFC89
Silicon Motion Technology Corp.
82706C108
20940.00000000
NS
USD
1327596.00000000
2.176771328398
Long
EC
CORP
KY
N
1
N
N
N
Concentrix Corp.
N/A
Concentrix Corp.
20602D101
6000.00000000
NS
USD
499440.00000000
0.818898725407
Long
EC
CORP
US
N
1
N
N
Ambarella Inc
254900XN7F4DG0CEKC02
Ambarella, Inc.
G037AX101
25956.00000000
NS
USD
2165249.52000000
3.550216386585
Long
EC
CORP
KY
N
1
N
N
N
CSG Systems International Inc.
549300D7FJZUOHHXUA81
CSG Systems International, Inc.
126349109
10000.00000000
NS
USD
515900.00000000
0.845887098425
Long
EC
CORP
US
N
1
N
N
N
Cognizant Technology Solutions Corp.
5493006IEVQEFQO40L83
Cognizant Technology Solutions Corp.
192446102
9600.00000000
NS
USD
633888.00000000
1.039344216023
Long
EC
CORP
US
N
1
N
N
N
F5 Inc
54930015FPK9KT966303
F5, Inc.
315616102
7705.00000000
NS
USD
1219239.20000000
1.999105852247
Long
EC
CORP
US
N
1
N
N
N
Paypal Holdings Inc.
5493005X2GO78EFZ3E94
PayPal Holdings, Inc.
70450Y103
27523.00000000
NS
USD
2086793.86000000
3.421577831453
Long
EC
CORP
US
N
1
N
N
N
Nordson Corp
14OS6Q5N55N95WM84M53
Nordson Corp.
655663102
8000.00000000
NS
USD
2012880.00000000
3.300386165299
Long
EC
CORP
US
N
1
N
N
N
Kulicke and Soffa Industries, Inc.
529900H6BEIRBF429744
Kulicke & Soffa Industries, Inc.
501242101
49645.00000000
NS
USD
2972742.60000000
4.874209366696
Long
EC
CORP
US
N
1
N
N
Diodes Incorporated
549300XP2X1ARVH3BX23
Diodes, Inc.
254543101
25770.00000000
NS
USD
2435007.30000000
3.992520371469
Long
EC
CORP
US
N
1
N
N
N
Advanced Energy Industries, Inc.
549300756XI3QLFT2U27
Advanced Energy Industries, Inc.
007973100
17560.00000000
NS
USD
2198160.80000000
3.604178835014
Long
EC
CORP
US
N
1
N
N
2023-07-31
Oak Associates Funds
Gregory Knoth
Gregory Knoth
SVP, Mutual Fund Controller
XXXX
NPORT-EX
2
ultimus_5705.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