Schedule of Investments
August 31, 2021 (unaudited)
Tanaka Growth Fund
		Shares or Principal
Security Description		Amount ($)		Fair Value ($)(1)
Common Stocks - 95.00%
Accident & Health Insurance - 3.81%
Aflac, Inc.		16,700		946,556
Aerospace & Defense - 1.87%
Lockheed Martin Corp.		1,290		464,142
Asset Management - 4.36%
The Carlyle Group, Inc.		21,925		1,082,657
Beverages - 1.13%
PepsiCo, Inc.		1,800		281,502
Cigarettes - 2.26%
Philip Morris International, Inc.		5,450		561,350
Credit Services - 1.18%
MasterCard, Inc. Class A		850		294,296
Electronic Computers - 12.56%
Apple, Inc.		20,543		3,119,044
Industrial Organic Chemicals - 22.33%
Amyris, Inc. (2)		368,597		5,547,385
Information Technology Services - 1.07%
Accenture PLC Class A		790		265,882
Measuring & Controlling Device - 4.68%
Onto Innovation, Inc.  (2)		15,683		1,162,581
Motor Vehicle Parts & Accessories - 0.86%
Honeywell International, Inc.		920		213,357
Motor Vehicles & Passenger Car - 3.14%
Tesla Motors, Inc. (2)		1,060		779,863
Oil & Gas Field Exploration Se - 3.25%
NexGen Energy Ltd. (2)		171,889		807,304
Pharmaceutical Preparations - 14.44%
BeyondSpring, Inc.  (2)		82,595		2,586,050
Catalyst Pharmaceuticals, Inc.  (2)		69,598		383,485
Corcept Therapeuticals, Inc. (2)		16,655		354,418
Ionis Pharmaceuticals, Inc.  (2)		6,590		262,018
				3,585,971
Primary Smelting & Refining of - 0.00%
Blue Earth Refineries, Inc. (2)		27,719		0
Radio & TV Broadcasting & Communications Equipment - 2.79%
Qualcomm, Inc.		4,723		692,817
Retail-Catalog & Mail-Order Houses - 2.63%
Amazon.com, Inc.  (2)		188		652,509
Security Brokers, Dealers & Flotation Companies - 3.15%
Stifel Financial Corp.		11,310		781,521
Semiconductors & Related Devices - 4.81%
Applied Materials		3,870		522,953
NVIDIA Corp.		1,620		362,637
Tower Semiconductors Ltd. (Israel)  (2)		10,555		310,317
				1,195,907
Services-Computer Programming, Data Processing, Etc. - 1.97%
Facebook, Inc. Class A  (2)		1,290		489,400
Specialty Chemicals - 1.40%
Nanoco Group PLC (United Kingdom)  (2)		1,400,668		348,640
Television Broadcasting Stations - 1.31%
ViacomCBS, Inc. Class B		7,855		325,590
Total Common Stock		(Cost $             11,267,243)		23,598,274
Short-Term Investments - 5.07%
Huntington Conservative Deposit Account (5)		1,258,462		1,258,462
Total Short-Term Investment Companies		1,258,462		1,258,462
Total Investments - 100.07%		(Cost $              12,525,706)		24,856,736
Liabilities in Excess of Other Assets - -.07%				(16,468)
Total Net Assets - 100.00%				24,840,268
(1)  Statement on Financial Accounting Standard No. 157 "Fair Value Measurements" - Various inputs are used in determining the value of the Fund's investments.
These inputs are summarized in the three broad levels listed below.
• Level 1 - quoted prices in active markets for identical securities
• Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
• Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)
The following is a summary of the inputs used as of August 31, 2021 in valuing the Fund's assets carried at fair value:
		Investments in		Other Financial
Valuation Inputs		Securities		Instruments (9)
Level 1 - Quoted Prices	$	24,856,736	$	-
Level 2 - Other Significant Observable Inputs				-
Level 3 - Significant Unobservable Inputs				-
Total	$	24,856,736	$	0
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term
debt instruments and repurchase agreements with a maturity of less than 60 days are valued using amortized cost, in accordance with rules under the Investment
Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active
market, such securities are reflected as Level 2.
(2)  Represents non-income producing securities.
(3)  Notional Value is calculated by multiplying outstanding shares by the spot price at August 31, 2021.
(4)  Investment purchased with cash received as securities lending collateral. The yield shown represents the 7-day yield in effect at August 31, 2021.
(5)  Investment in affiliate. The yield shown represents the 7-day yield in effect at August 31, 2021.
(6)  Assets of affiliates to the Conservative Allocation Fund held for the benefit of the Fund's Trustees in connection with the Trustees Deferred Compensation Plan.
(7)  Fair valued security deemed as Level 3 security.
(8)  Exchange-traded fund.
(9)  Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures contracts, which are valued at the unrealized
appreciation/depreciation on the instrument.