White Oak Select Growth Fund (WOGSX) NPORT-P Pin Oak Equity Fund (Jan 2022 report)

White

Oak

Select

Growth

Fund

Schedule

of

Investments

January

31,

2022

-

(Unaudited)

323

COMMON

STOCKS

-

99.53%

Shares

Fair

Value

COMMUNICATIONS

-

18.56%

Internet

Media

&

Services

-

18.56%

Alphabet,

Inc.

-

Class

A

(a)

8,337‌

$

22,560,506‌

Alphabet,

Inc.

-

Class

C

(a)

14,695‌

39,881,789‌

Meta

Platforms,

Inc.

-

Class

A

(a)

68,150‌

21,348,669‌

83,790,964‌

CONSUMER

DISCRETIONARY

-

16.42%

E-Commerce

Discretionary

-

10.41%

Amazon.com,

Inc.

(a)

15,705‌

46,981,036‌

Retail

-

Discretionary

-

6.01%

Lowe's

Cos.,

Inc.

114,390‌

27,150,467‌

FINANCIALS

-

18.54%

Asset

Management

-

8.53%

Charles

Schwab

Corp.

(The)

439,100‌

38,509,070‌

Banking

-

5.12%

JPMorgan

Chase

&

Co.

155,565‌

23,116,959‌

Institutional

Financial

Services

-

0.88%

State

Street

Corp.

(b)

42,200‌

3,987,900‌

Insurance

-

4.01%

Chubb

Ltd.

91,890‌

18,128,059‌

HEALTH

CARE

-

17.38%

Biotech

&

Pharma

-

10.05%

Amgen,

Inc.

82,460‌

18,729,964‌

Novartis

AG

-

ADR

(b)

134,060‌

11,651,155‌

Pfizer,

Inc.

275,700‌

14,526,633‌

Viatris

,

Inc.

31,653‌

473,845‌

45,381,597‌

Health

Care

Facilities

&

Services

-

2.87%

Laboratory

Corp.

of

America

Holdings

(a)

47,770‌

12,962,867‌

Medical

Equipment

&

Devices

-

4.46%

Alcon,

Inc.

(b)

138,000‌

10,595,640‌

Zimmer

Biomet

Holdings,

Inc.

77,390‌

9,520,518‌

20,116,158‌

REAL

ESTATE

-

2.43%

REIT

-

2.43%

Digital

Realty

Trust,

Inc.

(b)

73,490‌

10,966,913‌

TECHNOLOGY

-

26.20%

Semiconductors

-

15.36%

KLA

Corp.

65,835‌

25,627,590‌

NXP

Semiconductors

NV

63,125‌

12,968,400‌

QUALCOMM,

Inc.

122,300‌

21,495,448‌

Skyworks

Solutions,

Inc.

63,196‌

9,259,478‌

69,350,916‌

White

Oak

Select

Growth

Fund

Schedule

of

Investments

(continued)

January

31,

2022

-

(Unaudited)

COMMON

STOCKS

-

99.53%

(Continued)

Shares

Fair

Value

TECHNOLOGY

-

26.20%

(Continued)

Software

-

2.91%

Salesforce.com,

Inc.

(a)

56,375‌

$

13,114,516‌

Technology

Hardware

-

6.04%

Cisco

Systems,

Inc.

490,000‌

27,278,300‌

Technology

Services

-

1.89%

Cognizant

Technology

Solutions

Corp.

-

Class

A

100,000‌

8,542,000‌

TOTAL

COMMON

STOCKS 

(Cost $207,097,134)

449,377,722‌

SHORT-TERM

INVESTMENTS

-

6.62%

Shares

Fair

Value

COLLATERAL

FOR

SECURITIES

LOANED

-

6.62%

Mount

Vernon

Liquid

Assets

Portfolio,

LLC,

0.11%

(c)

29,877,827‌

29,877,827‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $29,877,827)

29,877,827‌

TOTAL

INVESTMENTS-

106.15%

(Cost

$236,974,961)

479,255,549‌

Liabilities

in

Excess

of

Other

Assets - (6.15)%

(27,781,282‌)

NET

ASSETS

-

100.00%

$

451,474,267‌

(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

$29,586,675

.

(c)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

January

31,

2022.

ADR

-

American

Depositary

Receipt.

Pin

Oak

Equity

Fund

Schedule

of

Investments

January

31,

2022

-

(Unaudited)

COMMON

STOCKS

-

99.17%

Shares

Fair

Value

COMMUNICATIONS

-

19.23%

Internet

Media

&

Services

-

19.23%

Alphabet,

Inc.

-

Class

A

(a)

2,085‌

$

5,642,156‌

Alphabet,

Inc.

-

Class

C

(a)

7,589‌

20,596,318‌

Meta

Platforms,

Inc.

-

Class

A

(a)

23,900‌

7,486,914‌

33,725,388‌

CONSUMER

DISCRETIONARY

-

24.53%

Automotive

-

4.52%

Gentex

Corp.

(b)

252,500‌

7,928,500‌

E-Commerce

Discretionary

-

13.03%

Amazon.com,

Inc.

(a)

5,120‌

15,316,326‌

eBay,

Inc.

125,500‌

7,538,785‌

22,855,111‌

Home

Construction

-

5.24%

M/I

Homes,

Inc.

(a)

103,901‌

5,505,714‌

Taylor

Morrison

Home

Corp.

(a)

120,000‌

3,682,800‌

9,188,514‌

Leisure

Facilities

&

Services

-

1.74%

DraftKings

,

Inc.

-

Class

A

(a)(b)

138,555‌

3,060,680‌

FINANCIALS

-

14.30%

Asset

Management

-

7.52%

Charles

Schwab

Corp.

(The)

150,351‌

13,185,783‌

Institutional

Financial

Services

-

3.40%

Bank

of

New

York

Mellon

Corp.

(The)

(b)

100,745‌

5,970,149‌

Insurance

-

3.38%

Assurant,

Inc.

38,900‌

5,932,639‌

HEALTH

CARE

-

23.95%

Biotech

&

Pharma

-

6.70%

Amgen,

Inc.

18,500‌

4,202,090‌

Gilead

Sciences,

Inc.

37,085‌

2,546,998‌

GlaxoSmithKline

PLC

-

ADR

111,760‌

5,009,083‌

11,758,171‌

Health

Care

Facilities

&

Services

-

6.50%

McKesson

Corp.

36,500‌

9,370,280‌

Quest

Diagnostics,

Inc.

15,000‌

2,025,300‌

11,395,580‌

Medical

Equipment

&

Devices

-

10.75%

Illumina,

Inc.

(a)

19,655‌

6,856,057‌

Intuitive

Surgical,

Inc.

(a)

24,120‌

6,854,422‌

Medtronic

PLC

49,845‌

5,158,459‌

18,868,938‌

TECHNOLOGY

-

17.16%

Semiconductors

-

4.10%

KLA

Corp.

18,498‌

7,200,717‌

Technology

Services

-

13.06%

Amdocs

Ltd.

81,587‌

6,191,638‌

Pin

Oak

Equity

Fund

Schedule

of

Investments

(continued)

January

31,

2022

-

(Unaudited)

COMMON

STOCKS

-

99.17%

(Continued)

Shares

Fair

Value

TECHNOLOGY

-

17.16%

(Continued)

Technology

Services

-

13.06%

(Continued)

Paychex,

Inc.

43,649‌

$

5,140,106‌

PayPal

Holdings,

Inc.

(a)(b)

26,230‌

4,509,986‌

Visa,

Inc.

-

Class

A

(b)

31,220‌

7,061,027‌

22,902,757‌

TOTAL

COMMON

STOCKS 

(Cost $95,504,166)

173,972,927‌

SHORT-TERM

INVESTMENTS

-

13.03%

Shares

Fair

Value

COLLATERAL

FOR

SECURITIES

LOANED

-

13.03%

Mount

Vernon

Liquid

Assets

Portfolio,

LLC,

0.11%

(c)

22,867,331‌

22,867,331‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $22,867,331)

22,867,331‌

TOTAL

INVESTMENTS-

112.20%

(Cost

$118,371,497)

196,840,258‌

Liabilities

in

Excess

of

Other

Assets - (12.20)%

(21,399,979‌)

NET

ASSETS

-

100.00%

$

175,440,279‌

(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

$22,850,772

.

(c)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

January

31,

2022.

ADR

-

American

Depositary

Receipt.

Rock

Oak

Core

Growth

Fund

Schedule

of

Investments

January

31,

2022

-

(Unaudited)

COMMON

STOCKS

-

99.42%

Shares

Fair

Value

CONSUMER

DISCRETIONARY

-

17.24%

Automotive

-

4.28%

Gentex

Corp.

(a)

15,785‌

$

495,649‌

Home

Construction

-

4.01%

PulteGroup,

Inc.

(a)

8,820‌

464,726‌

Leisure

Facilities

&

Services

-

1.86%

DraftKings

,

Inc.

-

Class

A

(a)

(b)

9,745‌

215,267‌

Leisure

Products

-

2.85%

Thor

Industries,

Inc.

(a)

3,490‌

330,119‌

Wholesale

-

Discretionary

-

4.24%

Pool

Corp.

1,030‌

490,537‌

ENERGY

-

2.30%

Renewable

Energy

-

2.30%

SolarEdge

Technologies,

Inc.

(a)

(b)

1,120‌

266,806‌

FINANCIALS

-

8.35%

Insurance

-

8.35%

Assurant,

Inc.

1,830‌

279,093‌

Hartford

Financial

Services

Group,

Inc.

(The)

9,565‌

687,437‌

966,530‌

HEALTH

CARE

-

21.86%

Biotech

&

Pharma

-

11.67%

Exelixis

,

Inc.

(b)

18,149‌

328,497‌

Jazz

Pharmaceuticals

PLC

(b)

3,655‌

507,716‌

Neurocrine

Biosciences

Inc.

(b)

3,080‌

243,382‌

Viatris

,

Inc.

18,120‌

271,256‌

1,350,851‌

Health

Care

Facilities

&

Services

-

7.90%

Cardinal

Health,

Inc.

(a)

5,770‌

297,559‌

Medpace

Holdings,

Inc.

(b)

1,186‌

210,468‌

Quest

Diagnostics,

Inc.

3,015‌

407,085‌

915,112‌

Medical

Equipment

&

Devices

-

2.29%

Illumina,

Inc.

(a)

(b)

760‌

265,103‌

INDUSTRIALS

-

13.85%

Aerospace

&

Defense

-

2.85%

TransDigm

Group,

Inc.

(b)

535‌

329,661‌

Commercial

Support

Services

-

3.45%

Republic

Services,

Inc.

3,130‌

399,576‌

Machinery

-

7.55%

Colfax

Corp.

(b)

10,855‌

446,358‌

Nordson

Corp.

1,839‌

427,641‌

873,999‌

Rock

Oak

Core

Growth

Fund

Schedule

of

Investments

(continued)

January

31,

2022

-

(Unaudited)

COMMON

STOCKS

-

99.42%

(Continued)

Shares

Fair

Value

MATERIALS

-

4.80%

Construction

Materials

-

4.80%

Carlisle

Cos.,

Inc.

2,485‌

$

555,248‌

REAL

ESTATE

-

3.46%

REIT

-

3.46%

CyrusOne

,

Inc.

(a)

4,465‌

401,180‌

TECHNOLOGY

-

27.56%

Software

-

1.77%

Citrix

Systems,

Inc.

2,015‌

205,409‌

Technology

Hardware

-

20.10%

F5,

Inc.

(b)

2,820‌

585,488‌

NetApp,

Inc.

(a)

5,805‌

502,191‌

Seagate

Technology

PLC

5,760‌

617,184‌

Ubiquiti

Networks,

Inc.

(a)

2,145‌

622,136‌

2,326,999‌

Technology

Services

-

5.69%

Amdocs

Ltd.

2,475‌

187,828‌

Cognizant

Technology

Solutions

Corp.

-

Class

A

5,507‌

470,408‌

658,236‌

TOTAL

COMMON

STOCKS 

(Cost $8,411,935)

11,511,008‌

SHORT-TERM

INVESTMENTS

-

29.89%

Shares

Fair

Value

COLLATERAL

FOR

SECURITIES

LOANED

-

29.89%

Mount

Vernon

Liquid

Assets

Portfolio,

LLC,

0.11%

(c)

3,461,351‌

3,461,351‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $3,461,351)

3,461,351‌

TOTAL

INVESTMENTS-

129.31%

(Cost

$11,873,286)

14,972,359‌

Liabilities

in

Excess

of

Other

Assets - (29.31)%

(3,393,822‌)

NET

ASSETS

-

100.00%

$

11,578,537‌

(a)

Security,

or

a

portion

of

the

security

position,

is

currently

on

loan.

The

total

market

value

of

securities

on

loan

is

$3,489,715

.

(b)

Non-income

producing

security.  

(c)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

January

31,

2022.

River

Oak

Discovery

Fund

Schedule

of

Investments

January

31,

2022

-

(Unaudited)

COMMON

STOCKS

-

89.97%

Shares

Fair

Value

COMMUNICATIONS

-

2.78%

Advertising

&

Marketing

-

1.17%

QuinStreet

,

Inc.

(a)

17,875‌

$

287,609‌

Internet

Media

&

Services

-

1.61%

Eventbrite,

Inc.

-

Class

A

(a)

27,530‌

394,505‌

CONSUMER

DISCRETIONARY

-

13.81%

Consumer

Services

-

4.46%

Aaron's

Co.,

Inc.

(The)

3,000‌

63,510‌

Adtalem

Global

Education,

Inc.

(a)

19,770‌

581,633‌

American

Public

Education,

Inc.

(a)

21,012‌

449,447‌

1,094,590‌

Home

Construction

-

6.54%

M/I

Homes,

Inc.

(a)

14,386‌

762,314‌

Taylor

Morrison

Home

Corp.

(a)

27,416‌

841,397‌

1,603,711‌

Retail

-

Discretionary

-

2.81%

Asbury

Automotive

Group,

Inc.

(a)

4,275‌

688,147‌

CONSUMER

STAPLES

-

3.24%

Household

Products

-

3.24%

Edgewell

Personal

Care

Co.

(b)

17,322‌

793,348‌

FINANCIALS

-

14.36%

Asset

Management

-

7.01%

AllianceBernstein

Holding

LP

21,518‌

1,010,270‌

Artisan

Partners

Asset

Management,

Inc.

-

Class

A

(b)

16,381‌

707,823‌

1,718,093‌

Banking

-

2.23%

Dime

Community

Bancshares,

Inc.

15,671‌

547,858‌

Insurance

-

3.68%

CNO

Financial

Group,

Inc.

17,345‌

432,584‌

Selective

Insurance

Group,

Inc.

5,960‌

470,244‌

902,828‌

Specialty

Finance

-

1.44%

PROG

Holdings,

Inc.

(a)(b)

8,850‌

352,319‌

INDUSTRIALS

-

16.96%

Commercial

Support

Services

-

7.77%

Barrett

Business

Services,

Inc.

6,101‌

390,464‌

Korn

Ferry

11,772‌

781,426‌

Vectrus

,

Inc

(a)

15,923‌

732,617‌

1,904,507‌

Electrical

Equipment

-

3.29%

Advanced

Energy

Industries,

Inc.

(b)

9,353‌

806,041‌

Industrial

Support

Services

-

1.87%

Applied

Industrial

Technologies,

Inc.

4,694‌

459,918‌

Machinery

-

3.19%

Kadant

,

Inc.

3,740‌

781,585‌

River

Oak

Discovery

Fund

Schedule

of

Investments

(continued)

January

31,

2022

-

(Unaudited)

COMMON

STOCKS

-

89.97%

(Continued)

Shares

Fair

Value

INDUSTRIALS

-

16.96%

(Continued)

Transportation

Equipment

-

0.84%

Meritor,

Inc.

(a)

9,000‌

$

207,450‌

TECHNOLOGY

-

38.82%

Semiconductors

-

18.42%

Cirrus

Logic,

Inc.

(a)

11,397‌

1,019,348‌

Cohu

,

Inc.

(a)

21,455‌

707,586‌

Diodes,

Inc.

(a)

6,870‌

637,467‌

Kulicke

&

Soffa

Industries,

Inc.

(b)

19,620‌

1,073,018‌

Silicon

Motion

Technology

Corp.

-

ADR

13,665‌

1,079,535‌

4,516,954‌

Software

-

13.99%

Calix,

Inc.

(a)(b)

14,095‌

708,697‌

Cerence

,

Inc.

(a)(b)

8,752‌

555,664‌

Cognyte

Software

Ltd.

(a)

22,970‌

249,224‌

Mandiant

,

Inc.

(a)(b)

34,558‌

521,480‌

NextGen

Healthcare,

Inc.

(a)

35,190‌

679,519‌

Verint

Systems,

Inc.

(a)(b)

13,948‌

715,951‌

3,430,535‌

Technology

Services

-

6.41%

CSG

Systems

International,

Inc.

(b)

7,000‌

397,390‌

LiveRamp

Holdings,

Inc.

(a)(b)

11,920‌

532,228‌

Perficient

,

Inc.

(a)(b)

6,121‌

641,603‌

1,571,221‌

TOTAL

COMMON

STOCKS 

(Cost $17,727,563)

22,061,219‌

SHORT-TERM

INVESTMENTS

-

25.44%

Shares

Fair

Value

COLLATERAL

FOR

SECURITIES

LOANED

-

25.44%

Mount

Vernon

Liquid

Assets

Portfolio,

LLC,

0.11%

(c)

6,236,681‌

6,236,681‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $6,236,681)

6,236,681‌

TOTAL

INVESTMENTS-

115.41%

(Cost

$23,964,244)

28,297,900‌

Liabilities

in

Excess

of

Other

Assets - (15.41)%

(3,779,393‌)

NET

ASSETS

-

100.00%

$

24,518,507‌

(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

$6,323,883

.

(c)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

January

31,

2022.

ADR

-

American

Depositary

Receipt.

Red

Oak

Technology

Select

Fund

Schedule

of

Investments

January

31,

2022

-

(Unaudited)

COMMON

STOCKS

-

99.54%

Shares

Fair

Value

COMMUNICATIONS

-

16.63%

Internet

Media

&

Services

-

16.63%

Alphabet,

Inc.

-

Class

A

(a)

5,517‌

$

14,929,388‌

Alphabet,

Inc.

-

Class

C

(a)

17,636‌

47,863,575‌

Meta

Platforms,

Inc.

-

Class

A

(a)

143,225‌

44,866,664‌

107,659,627‌

CONSUMER

DISCRETIONARY

-

10.58%

E-Commerce

Discretionary

-

10.58%

Amazon.com,

Inc.

(a)

15,400‌

46,068,638‌

eBay,

Inc.

374,030‌

22,467,982‌

68,536,620‌

REAL

ESTATE

-

2.32%

REIT

-

2.32%

Digital

Realty

Trust,

Inc.

100,770‌

15,037,907‌

TECHNOLOGY

-

70.01%

Semiconductors

-

23.50%

Broadcom,

Inc.

42,220‌

24,735,854‌

Intel

Corp.

557,915‌

27,237,410‌

KLA

Corp.

73,809‌

28,731,629‌

NXP

Semiconductors

NV

113,550‌

23,327,712‌

QUALCOMM,

Inc.

153,200‌

26,926,432‌

Skyworks

Solutions,

Inc.

145,135‌

21,265,180‌

152,224,217‌

Software

-

21.51%

Akamai

Technologies,

Inc.

(a)(b)

136,780‌

15,668,149‌

Check

Point

Software

Technologies

Ltd.

(a)

64,700‌

7,829,347‌

Citrix

Systems,

Inc.

18,280‌

1,863,463‌

Microsoft

Corp.

114,203‌

35,514,849‌

Oracle

Corp.

332,371‌

26,975,230‌

Synopsys,

Inc.

(a)

99,295‌

30,831,098‌

VMware,

Inc.

-

Class

A

160,470‌

20,617,186‌

139,299,322‌

Technology

Hardware

-

15.67%

Apple,

Inc.

302,286‌

52,833,547‌

Cisco

Systems,

Inc.

609,245‌

33,916,669‌

NetApp,

Inc.

170,690‌

14,766,392‌

101,516,608‌

Technology

Services

-

9.33%

Accenture

PLC

-

Class

A

47,580‌

16,823,337‌

Cognizant

Technology

Solutions

Corp.

-

Class

A

135,000‌

11,531,700‌

Global

Payments,

Inc.

93,157‌

13,962,371‌

Visa,

Inc.

-

Class

A

(b)

80,000‌

18,093,600‌

60,411,008‌

TOTAL

COMMON

STOCKS 

(Cost $256,797,424)

644,685,309‌

Red

Oak

Technology

Select

Fund

Schedule

of

Investments

(continued)

January

31,

2022

-

(Unaudited)

SHORT-TERM

INVESTMENTS

-

5.24%

Shares

Fair

Value

COLLATERAL

FOR

SECURITIES

LOANED

-

5.24%

Mount

Vernon

Liquid

Assets

Portfolio,

LLC,

0.11%

(c)

33,938,474‌

33,938,474‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $33,938,474)

33,938,474‌

TOTAL

INVESTMENTS-

104.78%

(Cost

$290,735,898)

678,623,783‌

Liabilities

in

Excess

of

Other

Assets - (4.78)%

(30,946,178‌)

NET

ASSETS

-

100.00%

$

647,677,605‌

(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

$33,424,109

.

(c)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

January

31,

2022.

Black

Oak

Emerging

Technology

Fund

Schedule

of

Investments

January

31,

2022

-

(Unaudited)

COMMON

STOCKS

-

98.52%

Shares

Fair

Value

COMMUNICATIONS

-

1.22%

Internet

Media

&

Services

-

1.22%

Meta

Platforms,

Inc.

-

Class

A

(a)

2,525‌

$

790,981‌

CONSUMER

DISCRETIONARY

-

5.14%

Automotive

-

2.80%

Tesla,

Inc.

(a)

1,939‌

1,816,300‌

Leisure

Facilities

&

Services

-

2.34%

DraftKings

,

Inc.

-

Class

A

(a)(b)

68,740‌

1,518,467‌

ENERGY

-

3.70%

Renewable

Energy

-

3.70%

SolarEdge

Technologies,

Inc.

(a)

10,055‌

2,395,302‌

HEALTH

CARE

-

3.46%

Medical

Equipment

&

Devices

-

3.46%

Illumina,

Inc.

(a)

6,435‌

2,244,657‌

INDUSTRIALS

-

9.10%

Electrical

Equipment

-

3.58%

Advanced

Energy

Industries,

Inc.

(b)

26,957‌

2,323,154‌

Industrial

Support

Services

-

2.11%

Applied

Industrial

Technologies,

Inc.

14,000‌

1,371,720‌

Machinery

-

3.41%

Nordson

Corp.

9,500‌

2,209,130‌

TECHNOLOGY

-

75.90%

Information

Technology

-

2.27%

Paylocity

Holdings

Corp.

(a)(b)

7,220‌

1,472,736‌

Semiconductors

-

33.38%

Ambarella

,

Inc.

(a)

16,604‌

2,327,051‌

Cirrus

Logic,

Inc.

(a)

33,492‌

2,995,525‌

Cohu

,

Inc.

(a)(b)

59,077‌

1,948,359‌

Diodes,

Inc.

(a)

25,770‌

2,391,198‌

KLA

Corp.

7,590‌

2,954,559‌

Kulicke

&

Soffa

Industries,

Inc.

(b)

49,645‌

2,715,085‌

Lam

Research

Corp.

(b)

2,785‌

1,642,927‌

QUALCOMM,

Inc.

15,497‌

2,723,753‌

Silicon

Motion

Technology

Corp.

-

ADR

24,734‌

1,953,986‌

21,652,443‌

Software

-

19.58%

Calix,

Inc.

(a)(b)

16,424‌

825,799‌

Citrix

Systems,

Inc.

7,595‌

774,234‌

Cognyte

Software

Ltd.

(a)

32,933‌

357,323‌

Concentrix

Corp.

12,000‌

2,411,880‌

Fortinet,

Inc.

(a)(b)

4,160‌

1,236,518‌

NextGen

Healthcare,

Inc.

(a)

88,315‌

1,705,363‌

Palo

Alto

Networks,

Inc.

(a)

4,125‌

2,134,275‌

Salesforce.com,

Inc.

(a)

7,480‌

1,740,072‌

Black

Oak

Emerging

Technology

Fund

Schedule

of

Investments

(continued)

January

31,

2022

-

(Unaudited)

COMMON

STOCKS

-

98.52%

(Continued)

Shares

Fair

Value

TECHNOLOGY

-

75.90%

(Continued)

Software

-

19.58%

(Continued)

Verint

Systems,

Inc.

(a)(b)

29,477‌

$

1,513,055‌

12,698,519‌

Technology

Hardware

-

10.35%

Apple,

Inc.

20,120‌

3,516,573‌

F5,

Inc.

(a)(b)

7,705‌

1,599,712‌

SYNNEX

Corp.

4,000‌

418,280‌

Ubiquiti

Networks,

Inc.

(b)

4,067‌

1,179,593‌

6,714,158‌

Technology

Services

-

10.32%

Cognizant

Technology

Solutions

Corp.

-

Class

A

9,600‌

820,032‌

CSG

Systems

International,

Inc.

(b)

10,000‌

567,700‌

Jack

Henry

&

Associates,

Inc.

(b)

8,120‌

1,362,617‌

PayPal

Holdings,

Inc.

(a)

10,750‌

1,848,355‌

Perficient

,

Inc.

(a)(b)

11,652‌

1,221,363‌

Science

Applications

International

Corp.

10,665‌

874,850‌

6,694,917‌

TOTAL

COMMON

STOCKS 

(Cost $32,048,436)

63,902,484‌

SHORT-TERM

INVESTMENTS

-

32.27%

Shares

Fair

Value

COLLATERAL

FOR

SECURITIES

LOANED

-

32.27%

Mount

Vernon

Liquid

Assets

Portfolio,

LLC,

0.11%

(c)

20,931,936‌

20,931,936‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $20,931,936)

20,931,936‌

TOTAL

INVESTMENTS-

130.79%

(Cost

$52,980,372)

84,834,420‌

Liabilities

in

Excess

of

Other

Assets - (30.79)%

(19,969,209‌)

NET

ASSETS

-

100.00%

$

64,865,211‌

(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

$21,487,438

.

(c)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

January

31,

2022.

ADR

-

American

Depositary

Receipt.

Live

Oak

Health

Sciences

Fund

Schedule

of

Investments

January

31,

2022

-

(Unaudited)

COMMON

STOCKS

-

99.78%

Shares

Fair

Value

HEALTH

CARE

-

99.78%

Biotech

-

21.46%

Amgen,

Inc.

10,240‌

$

2,325,914‌

Biogen,

Inc.

(a)

5,006‌

1,131,356‌

Exelixis

,

Inc.

(a)

66,265‌

1,199,396‌

Gilead

Sciences,

Inc.

15,390‌

1,056,985‌

Regeneron

Pharmaceuticals,

Inc.

(a)

2,855‌

1,737,524‌

United

Therapeutics

Corp.

(a)

13,650‌

2,755,526‌

Vertex

Pharmaceuticals,

Inc.

(a)

4,315‌

1,048,761‌

11,255,462‌

Health

Care

Services

-

7.82%

Charles

River

Laboratories

International,

Inc.

(a)

5,073‌

1,672,872‌

Medpace

Holdings,

Inc.

(a)

5,671‌

1,006,376‌

Quest

Diagnostics,

Inc.

10,545‌

1,423,786‌

4,103,034‌

Health

Care

Supply

Chain

-

18.00%

AmerisourceBergen

Corp.

14,440‌

1,966,728‌

Cardinal

Health,

Inc.

28,409‌

1,465,052‌

Cigna

Corp.

12,487‌

2,877,754‌

McKesson

Corp.

12,216‌

3,136,092‌

9,445,626‌

Large

Pharmaceuticals

-

10.23%

GlaxoSmithKline

PLC

-

ADR

33,490‌

1,501,022‌

Johnson

&

Johnson

7,688‌

1,324,566‌

Merck

&

Co.,

Inc.

18,800‌

1,531,824‌

Novartis

AG

-

ADR

11,600‌

1,008,156‌

5,365,568‌

Life

Science

&

Diagnostics

-

7.01%

Illumina,

Inc.

(a)

5,035‌

1,756,309‌

Thermo

Fisher

Scientific,

Inc.

3,300‌

1,918,290‌

3,674,599‌

Managed

Care

-

13.45%

Anthem,

Inc.

5,415‌

2,387,961‌

Humana,

Inc.

2,500‌

981,250‌

UnitedHealth

Group,

Inc.

7,800‌

3,686,046‌

7,055,257‌

Medical

Devices

-

9.49%

Medtronic

PLC

18,746‌

1,940,023‌

Stryker

Corp.

7,060‌

1,751,233‌

Zimmer

Biomet

Holdings,

Inc.

10,460‌

1,286,789‌

4,978,045‌

Medical

Equipment

-

7.50%

Alcon,

Inc.

28,995‌

2,226,236‌

Intuitive

Surgical,

Inc.

(a)

6,015‌

1,709,343‌

3,935,579‌

Specialty

&

Generic

Pharmaceuticals

-

4.82%

Jazz

Pharmaceuticals

PLC

(a)

12,140‌

1,686,367‌

Live

Oak

Health

Sciences

Fund

Schedule

of

Investments

(continued)

January

31,

2022

-

(Unaudited)

COMMON

STOCKS

-

99.78%

(Continued)

Shares

Fair

Value

HEALTH

CARE

-

99.78%

(Continued)

Specialty

&

Generic

Pharmaceuticals

-

4.82%

(Continued)

Neurocrine

Biosciences

Inc.

(a)

10,706‌

$

845,988‌

2,532,355‌

TOTAL

COMMON

STOCKS 

(Cost $34,247,829)

52,345,525‌

SHORT-TERM

INVESTMENTS

-

30.97%

COLLATERAL

FOR

SECURITIES

LOANED

-

30.97%

Mount

Vernon

Liquid

Assets

Portfolio,

LLC,

0.11%

(b)

16,248,796‌

16,248,796‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $16,248,796)

16,248,796‌

TOTAL

INVESTMENTS-

130.75%

(Cost

$50,496,625)

68,594,321‌

Liabilities

in

Excess

of

Other

Assets - (30.75)%

(16,130,320‌)

NET

ASSETS

-

100.00%

$

52,464,001‌

(a)

Security,

or

a

portion

of

the

security

position,

is

currently

on

loan.

The

total

market

value

of

securities

on

loan

is

$16,028,365

.

(b)

Non-income

producing

security.  

(c)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

January

31,

2022.

ADR

-

American

Depositary

Receipt.