White Oak Select Growth Fund (WOGSX) NPORT-P/A Pin Oak Equity Fund (Jul 2021 report)

White

Oak

Select

Growth

Fund

Schedule

of

Investments

July

31,

2021

-

(Unaudited)

1

COMMON

STOCKS

-

99.05%

Shares

Fair

Value

COMMUNICATIONS

-

19.67%

Internet

Media

&

Services

-

19.67%

Alphabet,

Inc.

-

Class

A

(a)

9,337‌

$

25,158,827‌

Alphabet,

Inc.

-

Class

C

(a)

14,695‌

39,741,452‌

Facebook,

Inc.

-

Class

A

(a)

63,650‌

22,678,495‌

87,578,774‌

CONSUMER

DISCRETIONARY

-

16.91%

E-Commerce

Discretionary

-

11.74%

Amazon.com,

Inc.

(a)

15,705‌

52,259,801‌

Retail

-

Discretionary

-

5.17%

Lowe's

Cos.,

Inc.

119,390‌

23,005,259‌

FINANCIALS

-

16.31%

Asset

Management

-

6.70%

Charles

Schwab

Corp.

(The)

439,100‌

29,836,845‌

Banking

-

5.30%

JPMorgan

Chase

&

Co.

155,565‌

23,611,656‌

Institutional

Financial

Services

-

0.83%

State

Street

Corp.

42,200‌

3,677,308‌

Insurance

-

3.48%

Chubb

Ltd.

91,890‌

15,505,518‌

HEALTH

CARE

-

18.28%

Biotech

&

Pharma

-

10.00%

Amgen,

Inc.

82,460‌

19,917,389‌

Novartis

AG

-

ADR

(b)

134,060‌

12,385,803‌

Pfizer,

Inc.

275,700‌

11,802,717‌

Viatris

,

Inc.

31,653‌

445,358‌

44,551,267‌

Health

Care

Facilities

&

Services

-

3.18%

Laboratory

Corp.

of

America

Holdings

(a)(b)

47,770‌

14,147,085‌

Medical

Equipment

&

Devices

-

5.10%

Alcon,

Inc.

(b)

138,000‌

10,046,400‌

Zimmer

Biomet

Holdings,

Inc.

77,390‌

12,647,074‌

22,693,474‌

REAL

ESTATE

-

2.55%

REIT

-

2.55%

Digital

Realty

Trust,

Inc.

73,490‌

11,329,218‌

TECHNOLOGY

-

25.33%

Semiconductors

-

15.17%

KLA

Corp.

75,835‌

26,402,713‌

NXP

Semiconductors

NV

(b)

54,125‌

11,170,859‌

QUALCOMM,

Inc.

122,300‌

18,320,540‌

Skyworks

Solutions,

Inc.

63,196‌

11,660,294‌

67,554,406‌

Software

-

2.41%

Salesforce.com,

Inc.

(a)

44,375‌

10,735,644‌

White

Oak

Select

Growth

Fund

Schedule

of

Investments

(continued)

July

31,

2021

-

(Unaudited)

2

COMMON

STOCKS

-

99.05%

(Continued)

Shares

Fair

Value

TECHNOLOGY

-

25.33%

(Continued)

Technology

Hardware

-

6.10%

Cisco

Systems,

Inc.

490,000‌

$

27,131,300‌

Technology

Services

-

1.65%

Cognizant

Technology

Solutions

Corp.

-

Class

A

100,000‌

7,353,000‌

TOTAL

COMMON

STOCKS 

(Cost $202,385,302)

440,970,555‌

SHORT-TERM

INVESTMENTS

-

5.11%

COLLATERAL

FOR

SECURITIES

LOANED

-

5.11%

Mount

Vernon

Liquid

Assets

Portfolio,

LLC,

0.10%

(c)

22,730,928‌

22,730,928‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $22,730,928)

22,730,928‌

TOTAL

INVESTMENTS-

104.16%

(Cost

$225,116,230)

463,701,483‌

Liabilities

in

Excess

of

Other

Assets - (4.16)%

(18,507,123‌)

NET

ASSETS

-

100.00%

$

445,194,360‌

(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

$22,364,276.

(c)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

July

31,

2021.

ADR

-

American

Depositary

Receipt.

Pin

Oak

Equity

Fund

Schedule

of

Investments

July

31,

2021

-

(Unaudited)

3

COMMON

STOCKS

-

98.62%

Shares

Fair

Value

COMMUNICATIONS

-

19.21%

Internet

Media

&

Services

-

19.21%

Alphabet,

Inc.

-

Class

A

(a)

2,085‌

$

5,618,095‌

Alphabet,

Inc.

-

Class

C

(a)

9,089‌

24,580,474‌

Facebook,

Inc.

-

Class

A

(a)

23,900‌

8,515,570‌

38,714,139‌

CONSUMER

DISCRETIONARY

-

27.09%

Automotive

-

4.94%

Gentex

Corp.

292,500‌

9,953,775‌

E-Commerce

Discretionary

-

13.89%

Amazon.com,

Inc.

(a)

5,120‌

17,037,261‌

eBay,

Inc.

160,500‌

10,947,705‌

27,984,966‌

Home

Construction

-

4.93%

M/I

Homes,

Inc.

(a)

103,901‌

6,723,434‌

Taylor

Morrison

Home

Corp.

(a)

120,000‌

3,218,400‌

9,941,834‌

Leisure

Facilities

&

Services

-

3.33%

DraftKings

,

Inc.

-

Class

A

(a)(b)

138,555‌

6,719,917‌

FINANCIALS

-

12.53%

Asset

Management

-

6.92%

Charles

Schwab

Corp.

(The)

205,351‌

13,953,600‌

Institutional

Financial

Services

-

2.56%

Bank

of

New

York

Mellon

Corp.

(The)

100,745‌

5,171,241‌

Insurance

-

3.05%

Assurant,

Inc.

38,900‌

6,138,809‌

HEALTH

CARE

-

22.48%

Biotech

&

Pharma

-

5.70%

Amgen,

Inc.

18,500‌

4,468,490‌

Gilead

Sciences,

Inc.

37,085‌

2,532,535‌

GlaxoSmithKline

PLC

-

ADR

(b)

111,760‌

4,486,046‌

11,487,071‌

Health

Care

Facilities

&

Services

-

4.75%

McKesson

Corp.

36,500‌

7,439,795‌

Quest

Diagnostics,

Inc.

15,000‌

2,127,000‌

9,566,795‌

Medical

Equipment

&

Devices

-

12.03%

Illumina,

Inc.

(a)

19,655‌

9,743,966‌

Intuitive

Surgical,

Inc.

(a)

8,040‌

7,971,339‌

Medtronic

PLC

49,845‌

6,545,147‌

24,260,452‌

TECHNOLOGY

-

17.31%

Semiconductors

-

4.32%

KLA

Corp.

24,998‌

8,703,304‌

Technology

Services

-

12.99%

Amdocs

Ltd.

81,587‌

6,291,173‌

Pin

Oak

Equity

Fund

Schedule

of

Investments

(continued)

July

31,

2021

-

(Unaudited)

4

COMMON

STOCKS

-

98.62%

(Continued)

Shares

Fair

Value

TECHNOLOGY

-

17.31%

(Continued)

Technology

Services

-

12.99%

(Continued)

Paychex,

Inc.

43,649‌

$

4,968,129‌

PayPal

Holdings,

Inc.

(a)

26,230‌

7,227,152‌

Visa,

Inc.

-

Class

A

(b)

31,220‌

7,692,296‌

26,178,750‌

TOTAL

COMMON

STOCKS 

(Cost $100,696,101)

198,774,653‌

SHORT-TERM

INVESTMENTS

-

7.62%

COLLATERAL

FOR

SECURITIES

LOANED

-

7.62%

Mount

Vernon

Liquid

Assets

Portfolio,

LLC,

0.10%

(c)

15,354,923‌

15,354,923‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $15,354,923)

15,354,923‌

TOTAL

INVESTMENTS-

106.24%

(Cost

$116,051,024)

214,129,576‌

Liabilities

in

Excess

of

Other

Assets - (6.24)%

(12,568,589‌)

NET

ASSETS

-

100.00%

$

201,560,987‌

(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

$14,908,421.

(c)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

July

31,

2021.

ADR

-

American

Depositary

Receipt.

Rock

Oak

Core

Growth

Fund

Schedule

of

Investments

July

31,

2021

-

(Unaudited)

5

COMMON

STOCKS

-

93.02%

Shares

Fair

Value

CONSUMER

DISCRETIONARY

-

19.26%

Automotive

-

4.31%

Gentex

Corp.

15,785‌

$

537,164‌

Home

Construction

-

3.89%

PulteGroup,

Inc.

8,820‌

483,953‌

Leisure

Facilities

&

Services

-

3.79%

DraftKings

,

Inc.

-

Class

A

(a)

9,745‌

472,633‌

Leisure

Products

-

3.32%

Thor

Industries,

Inc.

(b)

3,490‌

413,076‌

Wholesale

-

Discretionary

-

3.95%

Pool

Corp.

1,030‌

492,155‌

ENERGY

-

2.33%

Renewable

Energy

-

2.33%

SolarEdge

Technologies,

Inc.

(a)(b)

1,120‌

290,618‌

FINANCIALS

-

7.20%

Insurance

-

7.20%

Assurant,

Inc.

1,830‌

288,793‌

Hartford

Financial

Services

Group,

Inc.

(The)

9,565‌

608,525‌

897,318‌

HEALTH

CARE

-

19.88%

Biotech

&

Pharma

-

9.48%

Exelixis

,

Inc.

(a)

18,149‌

305,811‌

Jazz

Pharmaceuticals

PLC

(a)(b)

3,655‌

619,596‌

Viatris

,

Inc.

18,120‌

254,948‌

1,180,355‌

Health

Care

Facilities

&

Services

-

6.18%

Cardinal

Health,

Inc.

5,770‌

342,622‌

Quest

Diagnostics,

Inc.

(b)

3,015‌

427,527‌

770,149‌

Medical

Equipment

&

Devices

-

4.22%

Illumina,

Inc.

(a)

1,060‌

525,495‌

INDUSTRIALS

-

13.06%

Aerospace

&

Defense

-

2.75%

TransDigm

Group,

Inc.

535‌

342,983‌

Commercial

Support

Services

-

2.97%

Republic

Services,

Inc.

3,130‌

370,467‌

Machinery

-

7.34%

Colfax

Corp.

(a)(b)

10,855‌

498,027‌

Nordson

Corp.

1,839‌

415,853‌

913,880‌

MATERIALS

-

4.03%

Construction

Materials

-

4.03%

Carlisle

Cos.,

Inc.

2,485‌

502,566‌

Rock

Oak

Core

Growth

Fund

Schedule

of

Investments

(continued)

July

31,

2021

-

(Unaudited)

6

COMMON

STOCKS

-

93.02%

(Continued)

Shares

Fair

Value

REAL

ESTATE

-

2.56%

REIT

-

2.56%

CyrusOne

,

Inc.

4,465‌

$

318,221‌

TECHNOLOGY

-

24.70%

Software

-

1.63%

Citrix

Systems,

Inc.

2,015‌

203,011‌

Technology

Hardware

-

17.84%

F5

Networks,

Inc.

(a)

2,820‌

582,358‌

NetApp,

Inc.

5,805‌

462,020‌

Seagate

Technology

PLC

5,760‌

506,304‌

Ubiquiti

Networks,

Inc.

(b)

2,145‌

671,600‌

2,222,282‌

Technology

Services

-

5.23%

Amdocs

Ltd.

2,475‌

190,847‌

Cognizant

Technology

Solutions

Corp.

-

Class

A

6,272‌

461,180‌

652,027‌

TOTAL

COMMON

STOCKS 

(Cost $7,900,273)

11,588,353‌

SHORT-TERM

INVESTMENTS

-

18.55%

COLLATERAL

FOR

SECURITIES

LOANED

-

18.55%

Mount

Vernon

Liquid

Assets

Portfolio,

LLC,

0.10%

(c)

2,310,499‌

2,310,499‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $2,310,499)

2,310,499‌

TOTAL

INVESTMENTS-

111.57%

(Cost

$10,210,772)

13,898,852‌

Liabilities

in

Excess

of

Other

Assets - (11.57)%

(1,440,872‌)

NET

ASSETS

-

100.00%

$

12,457,980‌

(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

$2,253,442.

(c)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

July

31,

2021.

River

Oak

Discovery

Fund

Schedule

of

Investments

July

31,

2021

-

(Unaudited)

7

COMMON

STOCKS

-

95.00%

Shares

Fair

Value

COMMUNICATIONS

-

3.72%

Advertising

&

Marketing

-

1.49%

QuinStreet

,

Inc.

(a)

17,875‌

$

327,827‌

Internet

Media

&

Services

-

2.23%

Eventbrite,

Inc.

-

Class

A

(a)(b)

27,530‌

489,208‌

CONSUMER

DISCRETIONARY

-

14.10%

Consumer

Services

-

6.51%

Aaron's

Co.,

Inc.

(The)

3,000‌

86,610‌

Adtalem

Global

Education,

Inc.

(a)

19,770‌

718,442‌

American

Public

Education,

Inc.

(a)

21,012‌

622,375‌

1,427,427‌

Home

Construction

-

7.59%

M/I

Homes,

Inc.

(a)

14,386‌

930,918‌

Taylor

Morrison

Home

Corp.

(a)

27,416‌

735,297‌

1,666,215‌

CONSUMER

STAPLES

-

3.24%

Household

Products

-

3.24%

Edgewell

Personal

Care

Co.

(b)

17,322‌

711,588‌

FINANCIALS

-

18.81%

Asset

Management

-

10.89%

AllianceBernstein

Holding

LP

21,518‌

1,038,674‌

Artisan

Partners

Asset

Management,

Inc.

-

Class

A

16,381‌

787,762‌

Hamilton

Lane,

Inc.

-

Class

A

(b)

6,050‌

562,650‌

2,389,086‌

Banking

-

2.13%

Dime

Community

Bancshares,

Inc.

14,171‌

467,926‌

Insurance

-

4.02%

CNO

Financial

Group,

Inc.

17,345‌

396,160‌

Selective

Insurance

Group,

Inc.

(b)

5,960‌

484,846‌

881,006‌

Specialty

Finance

-

1.77%

PROG

Holdings,

Inc.

8,850‌

387,365‌

INDUSTRIALS

-

12.22%

Commercial

Support

Services

-

2.04%

Barrett

Business

Services,

Inc.

6,101‌

446,654‌

Electrical

Equipment

-

3.78%

Advanced

Energy

Industries,

Inc.

8,000‌

830,000‌

Machinery

-

6.40%

Hollysys

Automation

Technologies

Ltd.

48,430‌

730,325‌

Kadant

,

Inc.

(b)

3,740‌

673,686‌

1,404,011‌

TECHNOLOGY

-

42.91%

Semiconductors

-

24.06%

Ambarella

,

Inc.

(a)

9,360‌

921,867‌

Cirrus

Logic,

Inc.

(a)

11,397‌

941,278‌

Cohu

,

Inc.

21,455‌

759,722‌

River

Oak

Discovery

Fund

Schedule

of

Investments

(continued)

July

31,

2021

-

(Unaudited)

8

COMMON

STOCKS

-

95.00%

(Continued)

Shares

Fair

Value

TECHNOLOGY

-

42.91%

(Continued)

Semiconductors

-

24.06%

(Continued)

Diodes,

Inc.

(a)

6,870‌

$

563,340‌

Kulicke

&

Soffa

Industries,

Inc.

(b)

19,620‌

1,066,543‌

Silicon

Motion

Technology

Corp.

-

ADR

13,665‌

1,024,738‌

5,277,488‌

Software

-

14.05%

Cognyte

Software

Ltd.

(a)

22,970‌

596,531‌

FireEye,

Inc.

(a)

24,590‌

496,718‌

NextGen

Healthcare,

Inc.

(a)

35,190‌

570,782‌

Verint

Systems,

Inc.

(a)(b)

13,948‌

595,161‌

Workiva

,

Inc.

(a)(b)

6,335‌

822,093‌

3,081,285‌

Technology

Services

-

4.80%

LiveRamp

Holdings,

Inc.

(a)

11,920‌

476,919‌

Perficient

,

Inc.

(a)(b)

6,121‌

577,149‌

1,054,068‌

TOTAL

COMMON

STOCKS 

(Cost $14,012,619)

20,841,154‌

SHORT-TERM

INVESTMENTS

-

23.31%

COLLATERAL

FOR

SECURITIES

LOANED

-

23.31%

Mount

Vernon

Liquid

Assets

Portfolio,

LLC,

0.10%

(c)

5,112,950‌

5,112,950‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $5,112,950)

5,112,950‌

TOTAL

INVESTMENTS-

118.31%

(Cost

$19,125,569)

25,954,104‌

Liabilities

in

Excess

of

Other

Assets - (18.31)%

(4,016,262‌)

NET

ASSETS

-

100.00%

$

21,937,842‌

(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

$4,971,081

.

(c)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

July

31,

2021.

ADR

-

American

Depositary

Receipt.

Red

Oak

Technology

Select

Fund

Schedule

of

Investments

July

31,

2021

-

(Unaudited)

9

COMMON

STOCKS

-

98.75%

Shares

Fair

Value

COMMUNICATIONS

-

16.49%

Internet

Media

&

Services

-

16.49%

Alphabet,

Inc.

-

Class

A

(a)

5,517‌

$

14,865,722‌

Alphabet,

Inc.

-

Class

C

(a)

17,636‌

47,695,151‌

Facebook,

Inc.

-

Class

A

(a)

143,225‌

51,031,068‌

113,591,941‌

CONSUMER

DISCRETIONARY

-

11.14%

E-Commerce

Discretionary

-

11.14%

Amazon.com,

Inc.

(a)

15,400‌

51,244,886‌

eBay,

Inc.

374,030‌

25,512,586‌

76,757,472‌

REAL

ESTATE

-

2.25%

REIT

-

2.25%

Digital

Realty

Trust,

Inc.

100,770‌

15,534,703‌

TECHNOLOGY

-

68.87%

Semiconductors

-

23.27%

Broadcom,

Inc.

42,220‌

20,493,588‌

Intel

Corp.

557,915‌

29,971,194‌

KLA

Corp.

105,309‌

36,664,381‌

NXP

Semiconductors

NV

(b)

113,550‌

23,435,584‌

QUALCOMM,

Inc.

153,200‌

22,949,360‌

Skyworks

Solutions,

Inc.

145,135‌

26,778,859‌

160,292,966‌

Software

-

23.01%

Akamai

Technologies,

Inc.

(a)

136,780‌

16,402,657‌

Check

Point

Software

Technologies

Ltd.

(a)

74,700‌

9,494,370‌

Citrix

Systems,

Inc.

(b)

129,280‌

13,024,960‌

Microsoft

Corp.

131,203‌

37,381,047‌

Oracle

Corp.

332,371‌

28,962,809‌

Synopsys,

Inc.

(a)

99,295‌

28,595,967‌

VMware,

Inc.

-

Class

A

(a)(b)

160,470‌

24,670,658‌

158,532,468‌

Technology

Hardware

-

13.48%

Apple,

Inc.

312,286‌

45,550,036‌

Cisco

Systems,

Inc.

609,245‌

33,733,896‌

NetApp,

Inc.

170,690‌

13,585,217‌

92,869,149‌

Technology

Services

-

9.11%

Accenture

PLC

-

Class

A

47,580‌

15,115,215‌

Cognizant

Technology

Solutions

Corp.

-

Class

A

135,000‌

9,926,550‌

Global

Payments,

Inc.

93,157‌

18,017,495‌

Visa,

Inc.

-

Class

A

(b)

80,000‌

19,711,200‌

62,770,460‌

TOTAL

COMMON

STOCKS 

(Cost $273,237,336)

680,349,159‌

Red

Oak

Technology

Select

Fund

Schedule

of

Investments

(continued)

July

31,

2021

-

(Unaudited)

10

SHORT-TERM

INVESTMENTS

-

10.40%

Shares

Fair

Value

REPURCHASE

AGREEMENTS

-

1.41%

Tri-Party

Repurchase

Agreement

with

South

Street

Securities

LLC

and

Bank

of

New

York

Mellon,

0.01%,

dated

7/30/2021

and

maturing

8/2/2021,

collateralized

by

U.S.

Treasury

Securities

with

a

rate

of

0.13%

and

maturity

date

of

2/15/2024

with

a

par

value

of

$9,922,100

and

a

collateral

value

of

$9,887,420

9,693,467‌

9,693,467‌

COLLATERAL

FOR

SECURITIES

LOANED

-

8.99%

Mount

Vernon

Liquid

Assets

Portfolio,

LLC,

0.10%

(c)

61,960,545‌

61,960,545‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $71,654,012)

71,654,012‌

TOTAL

INVESTMENTS-

109.15%

(Cost

$344,891,348)

752,003,171‌

Liabilities

in

Excess

of

Other

Assets - (9.15)%

(63,035,034‌)

NET

ASSETS

-

100.00%

$

688,968,137‌

(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

$60,590,332.

(c)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

July

31,

2021.

Black

Oak

Emerging

Technology

Fund

Schedule

of

Investments

July

31,

2021

-

(Unaudited)

11

COMMON

STOCKS

-

96.61%

Shares

Fair

Value

COMMUNICATIONS

-

6.67%

Internet

Media

&

Services

-

6.67%

Facebook,

Inc.

-

Class

A

(a)

5,525‌

$

1,968,558‌

iQIYI

,

Inc.

-

ADR

(a)(b)

26,150‌

291,834‌

Tencent

Holdings

Ltd.

-

ADR

(b)

32,245‌

1,973,394‌

4,233,786‌

CONSUMER

DISCRETIONARY

-

5.16%

Automotive

-

2.63%

Tesla,

Inc.

(a)

2,425‌

1,666,460‌

Leisure

Facilities

&

Services

-

2.53%

DraftKings

,

Inc.

-

Class

A

(a)(b)

33,140‌

1,607,290‌

ENERGY

-

6.04%

Renewable

Energy

-

6.04%

SolarEdge

Technologies,

Inc.

(a)(b)

14,765‌

3,831,222‌

HEALTH

CARE

-

3.62%

Medical

Equipment

&

Devices

-

3.62%

Illumina,

Inc.

(a)

4,635‌

2,297,801‌

INDUSTRIALS

-

6.40%

Electrical

Equipment

-

3.55%

Advanced

Energy

Industries,

Inc.

21,725‌

2,253,969‌

Machinery

-

2.85%

Nordson

Corp.

8,000‌

1,809,040‌

TECHNOLOGY

-

68.72%

Information

Technology

-

2.36%

Paylocity

Holdings

Corp.

(a)

7,220‌

1,497,861‌

Semiconductors

-

29.65%

Ambarella

,

Inc.

(a)

22,000‌

2,166,780‌

Cirrus

Logic,

Inc.

(a)

25,830‌

2,133,300‌

Cohu

,

Inc.

(b)

59,077‌

2,091,917‌

Diodes,

Inc.

(a)

25,770‌

2,113,140‌

KLA

Corp.

7,590‌

2,642,534‌

Kulicke

&

Soffa

Industries,

Inc.

(b)

49,645‌

2,698,702‌

Lam

Research

Corp.

2,785‌

1,775,187‌

QUALCOMM,

Inc.

10,844‌

1,624,431‌

Silicon

Motion

Technology

Corp.

-

ADR

20,940‌

1,570,291‌

18,816,282‌

Software

-

16.04%

Citrix

Systems,

Inc.

12,595‌

1,268,946‌

Cognyte

Software

Ltd.

(a)

19,335‌

502,130‌

Concentrix

Corp.

(a)

6,000‌

982,380‌

Fortinet,

Inc.

(a)

5,660‌

1,540,879‌

NextGen

Healthcare,

Inc.

(a)

88,315‌

1,432,469‌

Palo

Alto

Networks,

Inc.

(a)

5,100‌

2,035,155‌

Salesforce.com,

Inc.

(a)

7,480‌

1,809,636‌

Verint

Systems,

Inc.

(a)(b)

14,335‌

611,675‌

10,183,270‌

Black

Oak

Emerging

Technology

Fund

Schedule

of

Investments

(continued)

July

31,

2021

-

(Unaudited)

12

COMMON

STOCKS

-

96.61%

(Continued)

Shares

Fair

Value

TECHNOLOGY

-

68.72%

(Continued)

Technology

Hardware

-

9.89%

Apple,

Inc.

20,120‌

$

2,934,703‌

F5

Networks,

Inc.

(a)(b)

7,705‌

1,591,159‌

SYNNEX

Corp.

4,000‌

478,160‌

Ubiquiti

Networks,

Inc.

4,067‌

1,273,378‌

6,277,400‌

Technology

Services

-

10.78%

Cognizant

Technology

Solutions

Corp.

-

Class

A

9,600‌

705,888‌

Jack

Henry

&

Associates,

Inc.

(b)

8,120‌

1,413,611‌

PayPal

Holdings,

Inc.

(a)

7,250‌

1,997,592‌

Perficient

,

Inc.

(a)(b)

19,030‌

1,794,339‌

Science

Applications

International

Corp.

10,665‌

931,054‌

6,842,484‌

TOTAL

COMMON

STOCKS 

(Cost $25,534,299)

61,316,865‌

SHORT-TERM

INVESTMENTS

-

27.02%

COLLATERAL

FOR

SECURITIES

LOANED

-

27.02%

Mount

Vernon

Liquid

Assets

Portfolio,

LLC,

0.10%

(c)

17,151,658‌

17,151,658‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $17,151,658)

17,151,658‌

TOTAL

INVESTMENTS-

123.63%

(Cost

$42,685,957)

78,468,523‌

Liabilities

in

Excess

of

Other

Assets - (23.63)%

(14,996,146‌)

NET

ASSETS

-

100.00%

$

63,472,377‌

(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

$16,740,105.

(c)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

July

31,

2021.

ADR

-

American

Depositary

Receipt.

Live

Oak

Health

Sciences

Fund

Schedule

of

Investments

July

31,

2021

-

(Unaudited)

13

COMMON

STOCKS

-

97.98%

Shares

Fair

Value

HEALTH

CARE

-

97.98%

Biotech

-

20.97%

Amgen,

Inc.

10,240‌

$

2,473,370‌

Biogen,

Inc.

(a)

5,306‌

1,733,629‌

Exelixis

,

Inc.

(a)

66,265‌

1,116,565‌

Gilead

Sciences,

Inc.

15,390‌

1,050,983‌

Regeneron

Pharmaceuticals,

Inc.

(a)

2,855‌

1,640,511‌

United

Therapeutics

Corp.

(a)(b)

13,650‌

2,483,344‌

Vertex

Pharmaceuticals,

Inc.

(a)

4,315‌

869,818‌

11,368,220‌

Health

Care

Services

-

9.27%

Charles

River

Laboratories

International,

Inc.

(a)

8,673‌

3,529,217‌

Quest

Diagnostics,

Inc.

(b)

10,545‌

1,495,281‌

5,024,498‌

Health

Care

Supply

Chain

-

15.78%

AmerisourceBergen

Corp.

14,440‌

1,764,135‌

Cardinal

Health,

Inc.

17,409‌

1,033,746‌

Cigna

Corp.

12,487‌

2,865,642‌

McKesson

Corp.

14,206‌

2,895,609‌

8,559,132‌

Large

Pharma

-

9.56%

GlaxoSmithKline

PLC

-

ADR

(b)

33,490‌

1,344,289‌

Johnson

&

Johnson

7,688‌

1,323,874‌

Merck

&

Co.,

Inc.

18,800‌

1,445,156‌

Novartis

AG

-

ADR

(b)

11,600‌

1,071,724‌

5,185,043‌

Life

Science

&

Diagnostics

-

7.89%

Illumina,

Inc.

(a)

5,035‌

2,496,101‌

Thermo

Fisher

Scientific,

Inc.

3,300‌

1,782,033‌

4,278,134‌

Managed

Care

-

11.72%

Anthem,

Inc.

5,415‌

2,079,414‌

Humana,

Inc.

2,500‌

1,064,650‌

UnitedHealth

Group,

Inc.

7,800‌

3,215,316‌

6,359,380‌

Medical

Devices

-

11.22%

Medtronic

PLC

18,746‌

2,461,537‌

Stryker

Corp.

7,060‌

1,912,837‌

Zimmer

Biomet

Holdings,

Inc.

10,460‌

1,709,373‌

6,083,747‌

Medical

Equipment

-

7.56%

Alcon,

Inc.

(b)

28,995‌

2,110,836‌

Intuitive

Surgical,

Inc.

(a)

2,005‌

1,987,878‌

4,098,714‌

Specialty

&

Generic

Pharma

-

4.01%

Jazz

Pharmaceuticals

PLC

(a)

12,140‌

2,057,973‌

Organon

&

Co.

1,880‌

54,539‌

Live

Oak

Health

Sciences

Fund

Schedule

of

Investments

(continued)

July

31,

2021

-

(Unaudited)

14

COMMON

STOCKS

-

97.98%

(Continued)

Shares

Fair

Value

HEALTH

CARE

-

97.98%

(Continued)

Specialty

&

Generic

Pharma

-

4.01%

(Continued)

Viatris

,

Inc.

4,636‌

$

65,228‌

2,177,740‌

TOTAL

COMMON

STOCKS 

(Cost $32,071,504)

53,134,608‌

SHORT-TERM

INVESTMENTS

-

10.85%

COLLATERAL

FOR

SECURITIES

LOANED

-

10.85%

Mount

Vernon

Liquid

Assets

Portfolio,

LLC,

0.10%

(c)

5,885,760‌

5,885,760‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $5,885,760)

5,885,760‌

TOTAL

INVESTMENTS-

108.83%

(Cost

$37,957,264)

59,020,368‌

Liabilities

in

Excess

of

Other

Assets - (8.83)%

(4,790,266‌)

NET

ASSETS

-

100.00%

$

54,230,102‌

(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

$5,765,326.

(c)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

July

31,

2021.

ADR

-

American

Depositary

Receipt.