White Oak Select Growth Fund (WOGSX) NPORT-P Rock Oak Core Growth Fund (Jul 2022 report)

White

Oak

Select

Growth

Fund

Schedule

of

Investments

July

31,

2022

-

(Unaudited)

323

COMMON

STOCKS

-

97.95%

Shares

Fair

Value

COMMUNICATIONS

-

15.52%

Internet

Media

&

Services

-

15.52%

Alphabet,

Inc.

-

Class

A

(a)

152,000‌

$

17,680,640‌

Alphabet,

Inc.

-

Class

C

(a)

248,000‌

28,926,720‌

Meta

Platforms,

Inc.

-

Class

A

(a)

68,150‌

10,842,665‌

57,450,025‌

CONSUMER

DISCRETIONARY

-

16.10%

E-Commerce

Discretionary

-

11.45%

Amazon.com,

Inc.

(a)

314,100‌

42,387,795‌

Retail

-

Discretionary

-

4.65%

Lowe's

Cos.,

Inc.

90,000‌

17,237,700‌

FINANCIALS

-

16.80%

Asset

Management

-

6.98%

Charles

Schwab

Corp.

(The)

374,100‌

25,831,605‌

Banking

-

4.33%

JPMorgan

Chase

&

Co.

139,065‌

16,042,538‌

Institutional

Financial

Services

-

0.81%

State

Street

Corp.

42,200‌

2,997,888‌

Insurance

-

4.68%

Chubb

Ltd.

91,890‌

17,334,130‌

HEALTH

CARE

-

20.98%

Biotech

&

Pharma

-

12.38%

Amgen,

Inc.

82,460‌

20,406,376‌

Novartis

AG

-

ADR

(b)

134,060‌

11,506,370‌

Pfizer,

Inc.

275,700‌

13,925,607‌

45,838,353‌

Health

Care

Facilities

&

Services

-

3.38%

Laboratory

Corp.

of

America

Holdings

47,770‌

12,524,816‌

Medical

Equipment

&

Devices

-

5.22%

Alcon,

Inc.

(b)

138,000‌

10,776,420‌

Zimmer

Biomet

Holdings,

Inc.

77,390‌

8,543,082‌

19,319,502‌

REAL

ESTATE

-

2.63%

REIT

-

2.63%

Digital

Realty

Trust,

Inc.

73,490‌

9,733,750‌

TECHNOLOGY

-

25.92%

Semiconductors

-

15.88%

KLA

Corp.

(b)

58,835‌

22,565,576‌

NXP

Semiconductors

NV

63,125‌

11,607,425‌

QUALCOMM,

Inc.

122,300‌

17,740,838‌

Skyworks

Solutions,

Inc.

63,196‌

6,880,780‌

58,794,619‌

Software

-

2.20%

Salesforce.com,

Inc.

(a)

44,375‌

8,165,888‌

White

Oak

Select

Growth

Fund

Schedule

of

Investments

(continued)

July

31,

2022

-

(Unaudited)

COMMON

STOCKS

-

97.95%

(Continued)

Shares

Fair

Value

TECHNOLOGY

-

25.92%

(Continued)

Technology

Hardware

-

6.00%

Cisco

Systems,

Inc.

490,000‌

$

22,231,300‌

Technology

Services

-

1.84%

Cognizant

Technology

Solutions

Corp.

-

Class

A

100,000‌

6,796,000‌

TOTAL

COMMON

STOCKS 

(Cost $195,229,026)

362,685,909‌

SHORT-TERM

INVESTMENTS

-

12.35%

Shares

Fair

Value

REPURCHASE

AGREEMENTS

-

2.01%

Tri-Party

Repurchase

Agreement

with

South

Street

Securities

LLC

and

Bank

of

New

York

Mellon,

0.14%,

dated

7/29/2022

and

maturing

8/1/2022,

collateralized

by

U.S.

Treasury

Securities

with

rates

ranging

from

0.13%

to

2.75%

and

maturity

dates

ranging

from

1/31/2023

to

6/30/2028

with

a

par

value

of

$7,973,964

and

a

collateral

value

of

$7,609,618

7,460,410‌

7,460,410‌

COLLATERAL

FOR

SECURITIES

LOANED

-

10.34%

Mount

Vernon

Liquid

Assets

Portfolio,

LLC,

2.30%

(c)

38,283,815‌

38,283,815‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $45,744,225)

45,744,225‌

TOTAL

INVESTMENTS-

110.30%

(Cost

$240,973,251)

408,430,134‌

Liabilities

in

Excess

of

Other

Assets - (10.30)%

(38,152,706‌)

NET

ASSETS

-

100.00%

$

370,277,428‌

(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

$38,082,479.

(c)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

July

31,

2022.

ADR

-

American

Depositary

Receipt.

Pin

Oak

Equity

Fund

Schedule

of

Investments

July

31,

2022

-

(Unaudited)

COMMON

STOCKS

-

98.50%

Shares

Fair

Value

COMMUNICATIONS

-

15.42%

Internet

Media

&

Services

-

15.42%

Alphabet,

Inc.

-

Class

A

(a)

35,000‌

$

4,071,200‌

Alphabet,

Inc.

-

Class

C

(a)

120,000‌

13,996,800‌

Meta

Platforms,

Inc.

-

Class

A

(a)

23,900‌

3,802,490‌

21,870,490‌

CONSUMER

DISCRETIONARY

-

23.53%

Automotive

-

5.02%

Gentex

Corp.

252,500‌

7,125,550‌

E-Commerce

Discretionary

-

13.17%

Amazon.com,

Inc.

(a)

102,400‌

13,818,880‌

eBay,

Inc.

100,000‌

4,863,000‌

18,681,880‌

Home

Construction

-

5.34%

M/I

Homes,

Inc.

(a)

103,901‌

4,780,485‌

Taylor

Morrison

Home

Corp.

(a)

97,400‌

2,795,380‌

7,575,865‌

CONSUMER

STAPLES

-

0.55%

Household

Products

-

0.55%

Haleon

PLC

-

ADR

(a)(b)

111,760‌

785,673‌

FINANCIALS

-

13.70%

Asset

Management

-

5.80%

Charles

Schwab

Corp.

(The)

119,101‌

8,223,924‌

Institutional

Financial

Services

-

3.08%

Bank

of

New

York

Mellon

Corp.

(The)

100,745‌

4,378,378‌

Insurance

-

4.82%

Assurant,

Inc.

(b)

38,900‌

6,837,842‌

HEALTH

CARE

-

25.08%

Biotech

&

Pharma

-

7.24%

Amgen,

Inc.

18,500‌

4,578,195‌

Gilead

Sciences,

Inc.

32,085‌

1,917,079‌

GlaxoSmithKline

PLC

-

ADR

(a)(b)

89,408‌

3,770,335‌

10,265,609‌

Health

Care

Facilities

&

Services

-

8.40%

McKesson

Corp.

28,900‌

9,871,662‌

Quest

Diagnostics,

Inc.

15,000‌

2,048,550‌

11,920,212‌

Medical

Equipment

&

Devices

-

9.44%

Illumina,

Inc.

(a)

18,655‌

4,042,166‌

Intuitive

Surgical,

Inc.

(a)

20,620‌

4,746,105‌

Medtronic

PLC

49,845‌

4,611,659‌

13,399,930‌

TECHNOLOGY

-

20.22%

Semiconductors

-

5.00%

KLA

Corp.

18,498‌

7,094,723‌

Pin

Oak

Equity

Fund

Schedule

of

Investments

(continued)

July

31,

2022

-

(Unaudited)

COMMON

STOCKS

-

98.50%

(Continued)

Shares

Fair

Value

TECHNOLOGY

-

20.22%

(Continued)

Technology

Services

-

15.22%

Amdocs

Ltd.

81,587‌

$

7,102,964‌

Paychex,

Inc.

43,649‌

5,599,294‌

PayPal

Holdings,

Inc.

(a)

26,230‌

2,269,682‌

Visa,

Inc.

-

Class

A

(b)

31,220‌

6,622,074‌

21,594,014‌

TOTAL

COMMON

STOCKS 

(Cost $84,251,741)

139,754,090‌

SHORT-TERM

INVESTMENTS

-

5.36%

Shares

Fair

Value

REPURCHASE

AGREEMENTS

-

1.54%

Tri-Party

Repurchase

Agreement

with

South

Street

Securities

LLC

and

Bank

of

New

York

Mellon,

0.14%,

dated

7/29/2022

and

maturing

8/1/2022,

collateralized

by

U.S.

Treasury

Securities

with

rates

ranging

from

0.13%

to

2.75%

and

maturity

dates

ranging

from

1/31/2023

to

6/30/2028

with

a

par

value

of

$2,335,669

and

a

collateral

value

of

$2,228,948

2,185,243‌

2,185,243‌

COLLATERAL

FOR

SECURITIES

LOANED

-

3.82%

Mount

Vernon

Liquid

Assets

Portfolio,

LLC,

2.30%

(c)

5,413,283‌

5,413,283‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $7,598,526)

7,598,526‌

TOTAL

INVESTMENTS-

103.86%

(Cost

$91,850,267)

147,352,616‌

Liabilities

in

Excess

of

Other

Assets - (3.86)%

(5,479,801‌)

NET

ASSETS

-

100.00%

$

141,872,815‌

(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

$5,293,707.

(c)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

July

31,

2022.

ADR

-

American

Depositary

Receipt.

Rock

Oak

Core

Growth

Fund

Schedule

of

Investments

July

31,

2022

-

(Unaudited)

COMMON

STOCKS

-

91.33%

Shares

Fair

Value

CONSUMER

DISCRETIONARY

-

13.83%

Automotive

-

4.13%

Gentex

Corp.

15,785‌

$

445,453‌

Home

Construction

-

3.56%

PulteGroup,

Inc.

(a)

8,820‌

384,728‌

Leisure

Products

-

2.73%

Thor

Industries,

Inc.

(a)

3,490‌

294,312‌

Wholesale

-

Discretionary

-

3.41%

Pool

Corp.

(a)

1,030‌

368,431‌

ENERGY

-

6.01%

Oil

&

Gas

Producers

-

2.27%

Murphy

USA,

Inc.

864‌

245,687‌

Renewable

Energy

-

3.74%

SolarEdge

Technologies,

Inc.

(b)

1,120‌

403,346‌

FINANCIALS

-

8.39%

Insurance

-

8.39%

Assurant,

Inc.

(a)

1,830‌

321,677‌

Hartford

Financial

Services

Group,

Inc.

(The)

9,065‌

584,421‌

906,098‌

HEALTH

CARE

-

20.81%

Biotech

&

Pharma

-

10.43%

Exelixis,

Inc.

(a)

(b)

18,149‌

379,677‌

Jazz

Pharmaceuticals

PLC

(b)

3,655‌

570,399‌

Viatris,

Inc.

18,120‌

175,583‌

1,125,659‌

Health

Care

Facilities

&

Services

-

8.86%

Cardinal

Health,

Inc.

5,770‌

343,661‌

Medpace

Holdings,

Inc.

(b)

1,186‌

201,063‌

Quest

Diagnostics,

Inc.

(a)

3,015‌

411,758‌

956,482‌

Medical

Equipment

&

Devices

-

1.52%

Illumina,

Inc.

(b)

760‌

164,677‌

INDUSTRIALS

-

14.42%

Aerospace

&

Defense

-

3.08%

TransDigm

Group,

Inc.

(b)

535‌

332,952‌

Commercial

Support

Services

-

4.02%

Republic

Services,

Inc.

3,130‌

434,006‌

Machinery

-

7.32%

Enovis

Corp.

(b)

3,618‌

216,067‌

Esab

Corp.

(a)

3,618‌

149,134‌

Nordson

Corp.

(a)

1,839‌

424,790‌

789,991‌

Rock

Oak

Core

Growth

Fund

Schedule

of

Investments

(continued)

July

31,

2022

-

(Unaudited)

COMMON

STOCKS

-

91.33%

(Continued)

Shares

Fair

Value

MATERIALS

-

4.98%

Construction

Materials

-

4.98%

Carlisle

Cos.,

Inc.

(a)

1,815‌

$

537,421‌

TECHNOLOGY

-

22.89%

Software

-

1.89%

Citrix

Systems,

Inc.

2,015‌

204,341‌

Technology

Hardware

-

15.54%

F5,

Inc.

(b)

2,820‌

471,955‌

NetApp,

Inc.

5,805‌

414,071‌

Seagate

Technology

PLC

5,760‌

460,685‌

Ubiquiti

Networks,

Inc.

(a)

1,095‌

330,285‌

1,676,996‌

Technology

Services

-

5.46%

Amdocs

Ltd.

2,475‌

215,473‌

Cognizant

Technology

Solutions

Corp.

-

Class

A

5,507‌

374,256‌

589,729‌

TOTAL

COMMON

STOCKS 

(Cost $7,494,045)

9,860,309‌

SHORT-TERM

INVESTMENTS

-

35.33%

Shares

Fair

Value

REPURCHASE

AGREEMENTS

-

8.75%

Tri-Party

Repurchase

Agreement

with

South

Street

Securities

LLC

and

Bank

of

New

York

Mellon,

0.14%,

dated

7/29/2022

and

maturing

8/1/2022,

collateralized

by

U.S.

Treasury

Securities

with

rates

ranging

from

0.13%

to

2.75%

and

maturity

dates

ranging

from

1/31/2023

to

6/30/2028

with

a

par

value

of

$1,009,422

and

a

collateral

value

of

$963,300

944,411‌

944,411‌

COLLATERAL

FOR

SECURITIES

LOANED

-

26.58%

Mount

Vernon

Liquid

Assets

Portfolio,

LLC,

2.30%

(c)

2,869,682‌

2,869,682‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $3,814,093)

3,814,093‌

TOTAL

INVESTMENTS-

126.66%

(Cost

$11,308,138)

13,674,402‌

Liabilities

in

Excess

of

Other

Assets - (26.66)%

(2,878,674‌)

NET

ASSETS

-

100.00%

$

10,795,728‌

(a)

Security,

or

a

portion

of

the

security

position,

is

currently

on

loan.

The

total

market

value

of

securities

on

loan

is

$2,844,300.

(b)

Non-income

producing

security.  

(c)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

July

31,

2022.

River

Oak

Discovery

Fund

Schedule

of

Investments

July

31,

2022

-

(Unaudited)

COMMON

STOCKS

-

86.61%

Shares

Fair

Value

COMMUNICATIONS

-

0.47%

Advertising

&

Marketing

-

0.47%

QuinStreet,

Inc.

(a)

9,875‌

$

106,156‌

CONSUMER

DISCRETIONARY

-

13.24%

Consumer

Services

-

3.65%

Aaron's

Co.,

Inc.

(The)

3,000‌

39,060‌

Adtalem

Global

Education,

Inc.

(a)

19,770‌

792,777‌

831,837‌

Home

Construction

-

6.37%

M/I

Homes,

Inc.

(a)

14,386‌

661,900‌

Taylor

Morrison

Home

Corp.

(a)

27,416‌

786,839‌

1,448,739‌

Retail

-

Discretionary

-

3.22%

Asbury

Automotive

Group,

Inc.

(a)(b)

4,275‌

733,761‌

CONSUMER

STAPLES

-

3.03%

Household

Products

-

3.03%

Edgewell

Personal

Care

Co.

17,322‌

689,069‌

FINANCIALS

-

14.16%

Asset

Management

-

7.03%

AllianceBernstein

Holding

LP

21,518‌

948,083‌

Artisan

Partners

Asset

Management,

Inc.

-

Class

A

(b)

16,381‌

651,309‌

1,599,392‌

Banking

-

2.95%

Atlantic

Union

Bancshares

Corp.

4,000‌

138,360‌

Dime

Community

Bancshares,

Inc.

(b)

15,671‌

534,068‌

672,428‌

Insurance

-

3.47%

CNO

Financial

Group,

Inc.

17,345‌

325,219‌

Selective

Insurance

Group,

Inc.

(b)

5,960‌

464,045‌

789,264‌

Specialty

Finance

-

0.71%

PROG

Holdings,

Inc.

(a)

8,850‌

163,017‌

INDUSTRIALS

-

17.86%

Commercial

Support

Services

-

7.32%

Barrett

Business

Services,

Inc.

6,101‌

497,781‌

Korn

Ferry

11,772‌

771,184‌

Vectrus,

Inc.

(a)

11,923‌

396,320‌

1,665,285‌

Electrical

Equipment

-

3.68%

Advanced

Energy

Industries,

Inc.

(b)

9,353‌

837,000‌

Industrial

Support

Services

-

2.07%

Applied

Industrial

Technologies,

Inc.

4,694‌

472,170‌

Machinery

-

3.35%

Kadant,

Inc.

3,740‌

762,399‌

River

Oak

Discovery

Fund

Schedule

of

Investments

(continued)

July

31,

2022

-

(Unaudited)

COMMON

STOCKS

-

86.61%

(Continued)

Shares

Fair

Value

INDUSTRIALS

-

17.86%

(Continued)

Transportation

Equipment

-

1.44%

Meritor,

Inc.

(a)

9,000‌

$

327,780‌

TECHNOLOGY

-

37.85%

Semiconductors

-

18.70%

Cirrus

Logic,

Inc.

(a)(b)

11,397‌

973,988‌

Cohu,

Inc.

(a)(b)

21,455‌

613,184‌

Diodes,

Inc.

(a)(b)

6,870‌

559,012‌

Kulicke

&

Soffa

Industries,

Inc.

(b)

19,620‌

944,114‌

Silicon

Motion

Technology

Corp.

-

ADR

13,665‌

1,165,761‌

4,256,059‌

Software

-

14.31%

Calix,

Inc.

(a)(b)

14,095‌

803,979‌

Cerence,

Inc.

(a)(b)

15,147‌

426,691‌

Mandiant,

Inc.

(a)

34,558‌

787,231‌

NextGen

Healthcare,

Inc.

(a)(b)

35,190‌

602,453‌

Verint

Systems,

Inc.

(a)

13,948‌

637,005‌

3,257,359‌

Technology

Services

-

4.84%

CSG

Systems

International,

Inc.

(b)

7,000‌

456,750‌

Perficient,

Inc.

(a)(b)

6,121‌

645,888‌

1,102,638‌

TOTAL

COMMON

STOCKS 

(Cost $15,749,298)

19,714,353‌

SHORT-TERM

INVESTMENTS

-

46.59%

Shares

Fair

Value

REPURCHASE

AGREEMENTS

-

13.20%

Tri-Party

Repurchase

Agreement

with

South

Street

Securities

LLC

and

Bank

of

New

York

Mellon,

0.14%,

dated

7/29/2022

and

maturing

8/1/2022,

collateralized

by

U.S.

Treasury

Securities

with

rates

ranging

from

0.13%

to

2.75%

and

maturity

dates

ranging

from

1/31/2023

to

6/30/2028

with

a

par

value

of

$3,211,043

and

a

collateral

value

of

$3,064,324

3,004,239‌

3,004,239‌

COLLATERAL

FOR

SECURITIES

LOANED

-

33.39%

Mount

Vernon

Liquid

Assets

Portfolio,

LLC,

2.30%

(c)

7,600,190‌

7,600,190‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $10,604,429)

10,604,429‌

TOTAL

INVESTMENTS-

133.20%

(Cost

$26,353,727)

30,318,782‌

Liabilities

in

Excess

of

Other

Assets - (33.20)%

(7,557,513‌)

NET

ASSETS

-

100.00%

$

22,761,269‌

(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

$7,492,138.

(c)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

July

31,

2022.

ADR

-

American

Depositary

Receipt.

Red

Oak

Technology

Select

Fund

Schedule

of

Investments

July

31,

2022

-

(Unaudited)

COMMON

STOCKS

-

99.39%

Shares

Fair

Value

COMMUNICATIONS

-

14.07%

Internet

Media

&

Services

-

14.07%

Alphabet,

Inc.

-

Class

A

(a)

95,000‌

$

11,050,400‌

Alphabet,

Inc.

-

Class

C

(a)

344,720‌

40,208,141‌

Meta

Platforms,

Inc.

-

Class

A

(a)

143,225‌

22,787,097‌

74,045,638‌

CONSUMER

DISCRETIONARY

-

10.90%

E-Commerce

Discretionary

-

10.90%

Amazon.com,

Inc.

(a)

308,000‌

41,564,600‌

eBay,

Inc.

324,030‌

15,757,579‌

57,322,179‌

REAL

ESTATE

-

2.54%

REIT

-

2.54%

Digital

Realty

Trust,

Inc.

100,770‌

13,346,986‌

TECHNOLOGY

-

71.88%

Semiconductors

-

24.44%

Broadcom,

Inc.

42,220‌

22,607,965‌

Intel

Corp.

557,915‌

20,257,894‌

KLA

Corp.

(b)

69,809‌

26,774,544‌

NXP

Semiconductors

NV

113,550‌

20,879,574‌

QUALCOMM,

Inc.

153,200‌

22,223,192‌

Skyworks

Solutions,

Inc.

145,135‌

15,802,299‌

128,545,468‌

Software

-

22.65%

Akamai

Technologies,

Inc.

(a)

136,780‌

13,160,971‌

Check

Point

Software

Technologies

Ltd.

(a)

58,700‌

7,314,020‌

Citrix

Systems,

Inc.

13,280‌

1,346,725‌

Microsoft

Corp.

111,403‌

31,275,278‌

Oracle

Corp.

316,171‌

24,610,751‌

Synopsys,

Inc.

(a)

69,970‌

25,713,975‌

VMware,

Inc.

-

Class

A

135,470‌

15,741,614‌

119,163,334‌

Technology

Hardware

-

15.29%

Apple,

Inc.

250,000‌

40,627,500‌

Cisco

Systems,

Inc.

609,245‌

27,641,446‌

NetApp,

Inc.

170,690‌

12,175,318‌

80,444,264‌

Technology

Services

-

9.50%

Accenture

PLC

-

Class

A

40,580‌

12,428,031‌

Cognizant

Technology

Solutions

Corp.

-

Class

A

135,000‌

9,174,600‌

Global

Payments,

Inc.

93,157‌

11,394,964‌

Visa,

Inc.

-

Class

A

(b)

80,000‌

16,968,800‌

49,966,395‌

TOTAL

COMMON

STOCKS 

(Cost $243,065,632)

522,834,264‌

Red

Oak

Technology

Select

Fund

Schedule

of

Investments

(continued)

July

31,

2022

-

(Unaudited)

SHORT-TERM

INVESTMENTS

-

4.28%

Shares

Fair

Value

REPURCHASE

AGREEMENTS

-

0.70%

Tri-Party

Repurchase

Agreement

with

South

Street

Securities

LLC

and

Bank

of

New

York

Mellon,

0.14%,

dated

7/29/2022

and

maturing

8/1/2022,

collateralized

by

U.S.

Treasury

Securities

with

rates

ranging

from

0.13%

to

2.75%

and

maturity

dates

ranging

from

1/31/2023

to

6/30/2028

with

a

par

value

of

$3,930,081

and

a

collateral

value

of

$3,750,508

3,676,969‌

$

3,676,969‌

COLLATERAL

FOR

SECURITIES

LOANED

-

3.58%

Mount

Vernon

Liquid

Assets

Portfolio,

LLC,

2.30%

(c)

18,831,195‌

18,831,195‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $22,508,164)

22,508,164‌

TOTAL

INVESTMENTS-

103.67%

(Cost

$265,573,796)

545,342,428‌

Liabilities

in

Excess

of

Other

Assets - (3.67)%

(19,302,721‌)

NET

ASSETS

-

100.00%

$

526,039,707‌

(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

$18,942,663.

(c)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

July

31,

2022.

Black

Oak

Emerging

Technology

Fund

Schedule

of

Investments

July

31,

2022

-

(Unaudited)

COMMON

STOCKS

-

94.36%

Shares

Fair

Value

COMMUNICATIONS

-

0.70%

Internet

Media

&

Services

-

0.70%

Meta

Platforms,

Inc.

-

Class

A

(a)

2,525‌

$

401,727‌

CONSUMER

DISCRETIONARY

-

3.03%

Automotive

-

3.03%

Tesla,

Inc.

(a)

1,939‌

1,728,522‌

ENERGY

-

4.79%

Renewable

Energy

-

4.79%

SolarEdge

Technologies,

Inc.

(a)

7,584‌

2,731,226‌

HEALTH

CARE

-

2.44%

Medical

Equipment

&

Devices

-

2.44%

Illumina,

Inc.

(a)

6,435‌

1,394,336‌

INDUSTRIALS

-

10.54%

Electrical

Equipment

-

4.23%

Advanced

Energy

Industries,

Inc.

(b)

26,957‌

2,412,382‌

Industrial

Support

Services

-

2.47%

Applied

Industrial

Technologies,

Inc.

14,000‌

1,408,260‌

Machinery

-

3.84%

Nordson

Corp.

(b)

9,500‌

2,194,405‌

TECHNOLOGY

-

72.86%

Information

Technology

-

2.61%

Paylocity

Holdings

Corp.

(a)(b)

7,220‌

1,486,815‌

Semiconductors

-

32.97%

Ambarella,

Inc.

(a)(b)

16,604‌

1,437,076‌

Cirrus

Logic,

Inc.

(a)

33,492‌

2,862,226‌

Cohu,

Inc.

(a)(b)

59,077‌

1,688,421‌

Diodes,

Inc.

(a)(b)

25,770‌

2,096,905‌

KLA

Corp.

(b)

6,750‌

2,588,895‌

Kulicke

&

Soffa

Industries,

Inc.

(b)

49,645‌

2,388,917‌

Lam

Research

Corp.

(b)

2,785‌

1,393,920‌

QUALCOMM,

Inc.

15,497‌

2,247,995‌

Silicon

Motion

Technology

Corp.

-

ADR

24,734‌

2,110,058‌

18,814,413‌

Software

-

15.48%

Calix,

Inc.

(a)(b)

16,424‌

936,825‌

Citrix

Systems,

Inc.

7,595‌

770,209‌

Cognyte

Software

Ltd.

(a)

9,933‌

44,798‌

Concentrix

Corp.

(b)

12,000‌

1,605,120‌

Fortinet,

Inc.

(a)

20,800‌

1,240,720‌

NextGen

Healthcare,

Inc.

(a)(b)

88,315‌

1,511,953‌

Salesforce.com,

Inc.

(a)

7,480‌

1,376,470‌

Verint

Systems,

Inc.

(a)

29,477‌

1,346,214‌

8,832,309‌

Technology

Hardware

-

10.14%

Apple,

Inc.

20,120‌

3,269,701‌

Black

Oak

Emerging

Technology

Fund

Schedule

of

Investments

(continued)

July

31,

2022

-

(Unaudited)

COMMON

STOCKS

-

94.36%

(Continued)

Shares

Fair

Value

TECHNOLOGY

-

72.86%

(Continued)

Technology

Hardware

-

10.14%

(Continued)

F5,

Inc.

(a)

7,705‌

$

1,289,509‌

Ubiquiti

Networks,

Inc.

(b)

4,067‌

1,226,729‌

5,785,939‌

Technology

Services

-

11.66%

Cognizant

Technology

Solutions

Corp.

-

Class

A

9,600‌

652,416‌

CSG

Systems

International,

Inc.

10,000‌

652,500‌

Jack

Henry

&

Associates,

Inc.

8,120‌

1,687,092‌

PayPal

Holdings,

Inc.

(a)

16,125‌

1,395,296‌

Perficient,

Inc.

(a)(b)

11,652‌

1,229,519‌

Science

Applications

International

Corp.

10,665‌

1,033,119‌

6,649,942‌

TOTAL

COMMON

STOCKS 

(Cost $28,986,580)

53,840,276‌

SHORT-TERM

INVESTMENTS

-

36.99%

Shares

Fair

Value

REPURCHASE

AGREEMENTS

-

5.78%

Tri-Party

Repurchase

Agreement

with

South

Street

Securities

LLC

and

Bank

of

New

York

Mellon,

0.14%,

dated

7/29/2022

and

maturing

8/1/2022,

collateralized

by

U.S.

Treasury

Securities

with

rates

ranging

from

0.13%

to

2.75%

and

maturity

dates

ranging

from

1/31/2023

to

6/30/2028

with

a

par

value

of

$3,524,189

and

a

collateral

value

of

$3,363,162

3,297,217‌

3,297,217‌

COLLATERAL

FOR

SECURITIES

LOANED

-

31.21%

Mount

Vernon

Liquid

Assets

Portfolio,

LLC,

2.30%

(c)

17,806,029‌

17,806,029‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $21,103,246)

21,103,246‌

TOTAL

INVESTMENTS-

131.35%

(Cost

$50,089,826)

74,943,522‌

Liabilities

in

Excess

of

Other

Assets - (31.35)%

(17,885,170‌)

NET

ASSETS

-

100.00%

$

57,058,352‌

(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

$17,651,888.

(c)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

July

31,

2022.

ADR

-

American

Depositary

Receipt.

Live

Oak

Health

Sciences

Fund

Schedule

of

Investments

July

31,

2022

-

(Unaudited)

COMMON

STOCKS

-

96.48%

Shares

Fair

Value

CONSUMER

STAPLES

-

0.43%

Personal

Care

Products

-

0.43%

Haleon

PLC

-

ADR

(a)(b)

33,490‌

$

235,435‌

HEALTH

CARE

-

96.05%

Biotech

-

24.12%

Amgen,

Inc.

10,240‌

2,534,093‌

Biogen,

Inc.

(a)

5,006‌

1,076,590‌

Exelixis,

Inc.

(a)(b)

66,265‌

1,386,264‌

Gilead

Sciences,

Inc.

15,390‌

919,552‌

Moderna,

Inc.

(a)(b)

7,590‌

1,245,443‌

Regeneron

Pharmaceuticals,

Inc.

(a)

3,190‌

1,855,591‌

United

Therapeutics

Corp.

(a)(b)

13,650‌

3,154,105‌

Vertex

Pharmaceuticals,

Inc.

(a)

4,315‌

1,209,969‌

13,381,607‌

Health

Care

Services

-

7.39%

Charles

River

Laboratories

International,

Inc.

(a)

5,073‌

1,270,989‌

Medpace

Holdings,

Inc.

(a)

8,169‌

1,384,891‌

Quest

Diagnostics,

Inc.

(b)

10,545‌

1,440,131‌

4,096,011‌

Health

Care

Supply

Chain

-

16.88%

AmerisourceBergen

Corp.

10,684‌

1,559,116‌

Cardinal

Health,

Inc.

(b)

28,409‌

1,692,040‌

Cigna

Corp.

10,987‌

3,025,380‌

McKesson

Corp.

9,051‌

3,091,641‌

9,368,177‌

Large

Pharmaceuticals

-

12.22%

GlaxoSmithKline

PLC

-

ADR

(a)(b)

26,792‌

1,129,819‌

Johnson

&

Johnson

7,688‌

1,341,710‌

Merck

&

Co.,

Inc.

18,800‌

1,679,592‌

Novartis

AG

-

ADR

(b)

11,600‌

995,628‌

Pfizer,

Inc.

32,264‌

1,629,655‌

6,776,404‌

Life

Science

&

Diagnostics

-

7.77%

Bio-Rad

Laboratories,

Inc.

-

Class

A

(a)

2,067‌

1,164,259‌

Illumina,

Inc.

(a)

6,224‌

1,348,616‌

Thermo

Fisher

Scientific,

Inc.

3,000‌

1,795,230‌

4,308,105‌

Managed

Care

-

13.19%

Anthem,

Inc.

5,415‌

2,583,496‌

Humana,

Inc.

2,500‌

1,205,000‌

UnitedHealth

Group,

Inc.

6,500‌

3,525,210‌

7,313,706‌

Medical

Devices

-

7.94%

Medtronic

PLC

18,746‌

1,734,380‌

Stryker

Corp.

7,060‌

1,516,135‌

Zimmer

Biomet

Holdings,

Inc.

(b)

10,460‌

1,154,679‌

4,405,194‌

Live

Oak

Health

Sciences

Fund

Schedule

of

Investments

(continued)

July

31,

2022

-

(Unaudited)

COMMON

STOCKS

-

96.48%

(Continued)

Shares

Fair

Value

HEALTH

CARE

-

96.05%

(Continued)

Medical

Equipment

-

2.49%

Intuitive

Surgical,

Inc.

(a)(b)

6,015‌

$

1,384,473‌

Specialty

&

Generic

Pharmaceuticals

-

4.05%

Jazz

Pharmaceuticals

PLC

(a)

14,387‌

2,245,235‌

TOTAL

COMMON

STOCKS 

(Cost $35,513,246)

53,514,347‌

SHORT-TERM

INVESTMENTS

-

18.68%

Shares

Fair

Value

REPURCHASE

AGREEMENTS

-

3.55%

Tri-Party

Repurchase

Agreement

with

South

Street

Securities

LLC

and

Bank

of

New

York

Mellon,

0.14%,

dated

7/29/2022

and

maturing

8/1/2022,

collateralized

by

U.S.

Treasury

Securities

with

rates

ranging

from

0.13%

to

2.75%

and

maturity

dates

ranging

from

1/31/2023

to

6/30/2028

with

a

par

value

of

$2,107,033

and

a

collateral

value

of

$2,010,758

1,971,332‌

1,971,332‌

COLLATERAL

FOR

SECURITIES

LOANED

-

15.13%

Mount

Vernon

Liquid

Assets

Portfolio,

LLC,

2.30%

(c)

8,393,182‌

8,393,182‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $10,364,514)

10,364,514‌

TOTAL

INVESTMENTS-

115.16%

(Cost

$45,877,760)

63,878,861‌

Liabilities

in

Excess

of

Other

Assets - (15.16)%

(8,407,641‌)

NET

ASSETS

-

100.00%

$

55,471,220‌

(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

$8,215,336.

(c)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

July

31,

2022.

ADR

-

American

Depositary

Receipt.