Schedule of Investments
February 29, 2024 (unaudited)
Tanaka Growth Fund
		Shares or Principal
Security Description		Amount ($)		Fair Value ($)(1)
Common Stocks - 99.42%
Accident & Health Insurance - 4.50%
Aflac, Inc.		11,450		924,473
Asset Management - 4.61%
The Carlyle Group Inc.		20,625		945,656
Beverages - 1.31%
PepsiCo, Inc.		1,625		268,678
Cigarettes - 1.52%
Philip Morris International, Inc.		3,460		311,262
Credit Services - 1.29%
Mastercard, Inc.		560		265,866
Electronic Computers - 11.92%
Apple, Inc.   (2)		13,543		2,447,897
General Industrial Machinery & Equipment - 6.24%
Symbotic, Inc. (2)		32,500		1,280,500
Information Technology Services - 0.53%
Accenture plc Class A		290		108,686
Internet Media & Services - 1.81%
Meta Platforms, Inc. Class A		760		372,499
Measuring & Controlling Device - 9.98%
Onto Innovation, Inc.  (2)		11,123		2,048,412
Miscellaneous Metal Ores - 1.28%
Cameco Corp. (Canada)  (2)		6,500		263,445
Motor Vehicle Parts & Accessories - 0.36%
Honeywell International, Inc.		370		73,530
Motor Vehicles & Passenger Car - 3.44%
Tesla, Inc.  (2)		3,495		705,571
Oil & Gas Exploration SE - 11.17%
NexGen Energy Ltd. (2)		268,889		1,897,154
New Fortress Energy Inc. Class A (2)		11,250		395,438
				2,292,592
Pharmaceutical Preparations - 12.71%
Catalyst Pharmaceuticals, Inc.  (2)		41,255		969,493
Corcept Therapeuticals, Inc.  (2)		81,098		1,300,001
Ionis Pharmaceuticals, Inc.  (2)		7,500		339,075
				2,608,568
Primary Smelting & Refining of - 0.00%
Blue Earth Resources, Inc.   (2)		27,719		0
Radio & TV Broadcasting & Communications Equipment - 4.67%
QUALCOMM, Inc.		6,078		959,048
Retail-Catalog & Mail-Order Houses - 2.48%
Amazon.com, Inc.   (2)		2,880		509,069
Security Brokers, Dealers & Flotation Companies - 3.98%
Stifel Financial Corp.		10,760		816,254
Semiconductors & Related Devices - 10.04%
Applied Materials, Inc.		3,870		780,269
NVIDIA Corp. (2)		1,620		1,281,614
				2,061,884
Special Industrial Machinery - 1.98%
Chart Industries, Inc. (2)		2,850		407,151
Specialty Chemicals - 1.50%
Nanoco Group plc (United Kingdom)   (2)		1,260,607		307,626
Uranium - 2.11%
Uranium Energy Corp. (2)		39,000		252,720
Energy Fuels Inc. (2)		28,500		180,405
				433,125
Total Common Stock		(Cost $           8,133,127)		20,411,792
Corporate Bonds - 0.05%
Automotive - 0.05%
AMRS, 1.500%, Due 11/15/2026		340,000		10,642
Total Corporate Bonds		(Cost $                42,500)		10,642
Short-Term Investments - 0.46%
Huntington Conservative Deposit Account 5.180% (3)		94,706		94,706
Total Short-Term Investment Companies		(Cost $                94,706)		94,706
Total Investments - 99.94%		(Cost $           8,270,333)		20,517,140
Other Assets Less Liabilities - .06%				13,061
Total Net Assets - 100.00%				20,530,201
(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 February 29, 2024 in valuing the Fund's assets carried at fair value:
		Investments in		Other Financial
Valuation Inputs		Securities		Instruments (9)
Level 1 - Quoted Prices	$	20,506,498	$	-
Level 2 - Other Significant Observable Inputs		10,642		-
Level 3 - Significant Unobservable Inputs	$	0		-
Total	$	20,517,140	$	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)  Investment in affiliate. The yield shown represents the 7-day yield in effect at February 29, 2024.