White Oak Select Growth Fund (WOGSX) NPORT-P River Oak Discovery Fund (Jul 2023 report)

White

Oak

Select

Growth

Fund

Schedule

of

Investments

July

31,

2023

(Unaudited)

COMMON

STOCKS

-

98.97%

Shares

Fair

Value

COMMUNICATIONS

-

19.31%

Internet

Media

&

Services

-

19.31%

Alphabet,

Inc.

-

Class

A

(a)

152,000‌

$

20,173,440‌

Alphabet,

Inc.

-

Class

C

(a)

248,000‌

33,011,280‌

Meta

Platforms,

Inc.

-

Class

A

(a)

56,975‌

18,152,235‌

71,336,955‌

CONSUMER

DISCRETIONARY

-

17.08%

E-Commerce

Discretionary

-

11.37%

Amazon.com,

Inc.

(a)

314,100‌

41,988,888‌

Retail

-

Discretionary

-

5.71%

Lowe's

Companies,

Inc.

90,000‌

21,084,300‌

FINANCIALS

-

15.52%

Asset

Management

-

5.62%

Charles

Schwab

Corp.

(The)

314,100‌

20,762,010‌

Banking

-

5.95%

JPMorgan

Chase

&

Co.

139,065‌

21,966,708‌

Institutional

Financial

Services

-

0.69%

State

Street

Corp.

35,000‌

2,535,400‌

Insurance

-

3.26%

Chubb

Ltd.

58,937‌

12,047,312‌

HEALTH

CARE

-

23.04%

Biotech

&

Pharma

-

11.16%

Amgen,

Inc.

82,460‌

19,308,009‌

Novartis

AG

-

ADR

114,060‌

11,964,894‌

Pfizer,

Inc.

275,700‌

9,941,742‌

41,214,645‌

Health

Care

Facilities

&

Services

-

5.81%

Cigna

Corp.

32,952‌

9,724,136‌

Fortrea

Holdings,

Inc.

(a)(b)

47,770‌

1,526,729‌

Laboratory

Corporation

of

America

Holdings

(b)

47,770‌

10,219,436‌

21,470,301‌

Medical

Equipment

&

Devices

-

6.07%

Alcon,

Inc.

(b)

138,000‌

11,718,960‌

Zimmer

Biomet

Holdings,

Inc.

77,390‌

10,691,428‌

22,410,388‌

TECHNOLOGY

-

24.02%

Semiconductors

-

15.33%

KLA

Corp.

49,835‌

25,612,698‌

NXP

Semiconductors

NV

66,513‌

14,831,069‌

QUALCOMM,

Inc.

122,300‌

16,164,391‌

56,608,158‌

Technology

Hardware

-

6.90%

Cisco

Systems,

Inc.

490,000‌

25,499,600‌

White

Oak

Select

Growth

Fund

Schedule

of

Investments

(continued)

July

31,

2023

(Unaudited)

COMMON

STOCKS

-

98.97%

(Continued)

Shares

Fair

Value

TECHNOLOGY

-

24.02%

(Continued)

Technology

Services

-

1.79%

Cognizant

Technology

Solutions

Corp.

-

Class

A

100,000‌

$

6,603,000‌

TOTAL

COMMON

STOCKS 

(Cost $161,268,953)

365,527,665‌

SHORT-TERM

INVESTMENTS

-

2.16%

Shares

Fair

Value

REPURCHASE

AGREEMENTS

-

0.98%

Tri-Party

Repurchase

Agreement

with

South

Street

Securities

LLC

and

Bank

of

New

York

Mellon,

5.01%,

dated

7/31/2023

and

maturing

8/1/2023,

collateralized

by

U

.

S

.

Treasury

Securities

with

rates

ranging

from

4

.00

%

to

4

.25

%

and

maturity

dates

ranging

from

12/31/2024

to

7/31/2030

with

a

par

value

of

$3,729,007

and

a

collateral

value

of

$3,708,050

3,635,328‌

3,635,328‌

COLLATERAL

FOR

SECURITIES

LOANED

-

1.18%

Mount

Vernon

Liquid

Ass

ets

Portfolio,

LLC,

5.47%

(c)

4,343,790‌

4,343,790‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $7,979,118)

7,979,118‌

TOTAL

INVESTMENTS

-

101.13%

(Cost

$169,248,071)

373,506,783‌

Liabilities

in

Excess

of

Other

Assets - (1.13)%

(4,180,025‌)

NET

ASSETS

-

100.00%

$

369,326,758‌

(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

$4,258,986.

(c)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

July

31,

2023.

ADR

-

American

Depositary

Receipt

Pin

Oak

Equity

Fund

Schedule

of

Investments

July

31,

2023

(Unaudited)

COMMON

STOCKS

-

96.76%

Shares

Fair

Value

COMMUNICATIONS

-

18.89%

Entertainment

Content

-

1.13%

Activision

Blizzard,

Inc.

(a)

15,632‌

$

1,450,025‌

Internet

Media

&

Services

-

17.76%

Alphabet,

Inc.

-

Class

A

(a)

27,500‌

3,649,800‌

Alphabet,

Inc.

-

Class

C

(a)

99,180‌

13,201,850‌

Meta

Platforms,

Inc.

-

Class

A

(a)

18,569‌

5,916,083‌

22,767,733‌

CONSUMER

DISCRETIONARY

-

13.08%

E-Commerce

Discretionary

-

13.08%

Amazon.com,

Inc.

(a)

92,150‌

12,318,612‌

eBay,

Inc.

(b)

100,000‌

4,451,000‌

16,769,612‌

ENERGY

-

1.08%

Oil

&

Gas

Producers

-

1.08%

Coterra

Energy,

Inc.

(b)

50,000‌

1,377,000‌

FINANCIALS

-

12.42%

Asset

Management

-

4.77%

Charles

Schwab

Corp.

(The)

92,500‌

6,114,250‌

Institutional

Financial

Services

-

3.57%

Bank

of

New

York

Mellon

Corp.

(The)

100,745‌

4,569,793‌

Insurance

-

4.08%

Assurant,

Inc.

(b)

38,900‌

5,232,439‌

HEALTH

CARE

-

17.94%

Biotech

&

Pharma

-

9.64%

Amgen,

Inc.

18,500‌

4,331,775‌

Gilead

Sciences,

Inc.

48,145‌

3,665,760‌

Regeneron

Pharmaceuticals,

Inc.

(a)

5,881‌

4,363,173‌

12,360,708‌

Health

Care

Facilities

&

Services

-

8.30%

McKesson

Corp.

21,400‌

8,611,360‌

Quest

Diagnostics,

Inc.

15,000‌

2,028,150‌

10,639,510‌

INDUSTRIALS

-

2.26%

Electrical

Equipment

-

2.26%

Amphenol

Corp.

-

Class

A

32,860‌

2,901,867‌

TECHNOLOGY

-

31.09%

Semiconductors

-

10.76%

Diodes,

Inc.

(a)

17,411‌

1,645,165‌

KLA

Corp.

(b)

18,498‌

9,507,047‌

Microchip

Technology,

Inc.

28,089‌

2,638,681‌

13,790,893‌

Software

-

2.24%

Akamai

Technologies,

Inc.

(a)

30,324‌

2,865,618‌

Technology

Services

-

18.09%

Amdocs

Ltd.

81,587‌

7,639,807‌

Pin

Oak

Equity

Fund

Schedule

of

Investments

(continued)

July

31,

2023

(Unaudited)

COMMON

STOCKS

-

96.76%

(Continued)

Shares

Fair

Value

TECHNOLOGY

-

31.09%

(Continued)

Technology

Services

-

18.09%

(Continued)

Paychex,

Inc.

43,649‌

$

5,476,640‌

PayPal

Holdings,

Inc.

(a)

34,996‌

2,653,397‌

Visa,

Inc.

-

Class

A

(b)

31,220‌

7,421,930‌

23,191,774‌

TOTAL

COMMON

STOCKS 

(Cost $60,439,939)

124,031,222‌

SHORT-TERM

INVESTMENTS

-

11.53%

Shares

Fair

Value

REPURCHASE

AGREEMENTS

-

3.27%

Tri-Party

Repurchase

Agreement

with

South

Street

Securities

LLC

and

Bank

of

New

York

Mellon,

5.01%,

dated

7/31/2023

and

maturing

8/1/2023,

collateralized

by

U

.

S

.

Treasury

Securities

with

rates

ranging

from

4.00%

to

4.25%

and

maturity

dates

ranging

from

12/31/2024

to

7/31/2030

with

a

par

value

of

$4,302,623

and

a

collateral

value

of

$4,278,442

4,194,533‌

4,194,533‌

COLLATERAL

FOR

SECURITIES

LOANED

-

8.26%

Mount

Vernon

Liquid

Assets

Portfolio,

LLC,

5.47%

(c)

10,586,538‌

10,586,538‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $14,781,071)

14,781,071‌

TOTAL

INVESTMENTS

-

108.29%

(Cost

$75,221,010)

138,812,293‌

Liabilities

in

Excess

of

Other

Assets - (8.29)%

(10,631,540‌)

NET

ASSETS

-

100.00%

$

128,180,753‌

(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

$10,450,726.

(c)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

July

31,

2023.

Rock

Oak

Core

Growth

Fund

Schedule

of

Investments

July

31,

2023

(Unaudited)

COMMON

STOCKS

-

88.52%

Shares

Fair

Value

CONSUMER

DISCRETIONARY

-

7.66%

Leisure

Products

-

3.86%

Thor

Industries,

Inc.

(a)

3,490‌

$

403,060‌

Wholesale

-

Discretionary

-

3.80%

Pool

Corp.

(a)

1,030‌

396,283‌

ENERGY

-

8.17%

Oil

&

Gas

Producers

-

5.58%

Coterra

Energy,

Inc.

(a)

11,541‌

317,839‌

Murphy

USA,

Inc.

864‌

265,274‌

583,113‌

Renewable

Energy

-

2.59%

SolarEdge

Technologies,

Inc.

(b)

1,120‌

270,435‌

FINANCIALS

-

8.60%

Insurance

-

8.60%

Assurant,

Inc.

(a)

1,830‌

246,154‌

Hartford

Financial

Services

Group,

Inc.

(The)

9,065‌

651,592‌

897,746‌

HEALTH

CARE

-

19.14%

Biotech

&

Pharma

-

8.78%

Exelixis,

Inc.

(b)

18,149‌

357,717‌

Jazz

Pharmaceuticals

PLC

(b)

2,825‌

368,436‌

Viatris,

Inc.

18,120‌

190,804‌

916,957‌

Health

Care

Facilities

&

Services

-

8.96%

Cardinal

Health,

Inc.

5,770‌

527,782‌

Quest

Diagnostics,

Inc.

3,015‌

407,658‌

935,440‌

Medical

Equipment

&

Devices

-

1.40%

Illumina,

Inc.

(a)

(b)

760‌

146,034‌

INDUSTRIALS

-

18.92%

Aerospace

&

Defense

-

4.61%

TransDigm

Group,

Inc.

(a)

535‌

481,350‌

Commercial

Support

Services

-

4.53%

Republic

Services,

Inc.

3,130‌

472,974‌

Machinery

-

9.78%

Curtiss-Wright

Corp.

1,620‌

310,003‌

ESAB

Corp.

(a)

3,618‌

248,557‌

Nordson

Corp.

(a)

1,839‌

462,711‌

1,021,271‌

MATERIALS

-

7.05%

Chemicals

-

2.23%

CF

Industries

Holdings,

Inc.

(a)

2,840‌

233,107‌

Construction

Materials

-

4.82%

Carlisle

Companies,

Inc.

1,815‌

503,118‌

Rock

Oak

Core

Growth

Fund

Schedule

of

Investments

(continued)

July

31,

2023

(Unaudited)

COMMON

STOCKS

-

88.52%

(Continued)

Shares

Fair

Value

TECHNOLOGY

-

18.98%

Technology

Hardware

-

12.27%

F5,

Inc.

(a)

(b)

2,820‌

$

446,237‌

NetApp,

Inc.

5,805‌

452,848‌

Seagate

Technology

PLC

(a)

6,007‌

381,444‌

1,280,529‌

Technology

Services

-

6.71%

Amdocs

Ltd.

3,602‌

337,292‌

Cognizant

Technology

Solutions

Corp.

-

Class

A

5,507‌

363,627‌

700,919‌

TOTAL

COMMON

STOCKS 

(Cost $6,742,228)

9,242,336‌

SHORT-TERM

INVESTMENTS

-

36.97%

Shares

Fair

Value

REPURCHASE

AGREEMENTS

-

11.55%

Tri-Party

Repurchase

Agreement

with

South

Street

Securities

LLC

and

Bank

of

New

York

Mellon,

5.01%,

dated

7/31/2023

and

maturing

8/1/2023,

collateralized

by

U.S.

Treasury

Securities

with

rates

ranging

from

4.00%

to

4.25%

and

maturity

dates

ranging

from

12/31/2024

to

7/31/2030

with

a

par

value

of

$1,236,727

and

a

collateral

value

of

$1,229,777

1,205,658‌

1,205,658‌

COLLATERAL

FOR

SECURITIES

LOANED

-

25.42%

Mount

Vernon

Liquid

Assets

Portfolio,

LLC,

5.47%

(c)

2,654,315‌

2,654,315‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $3,859,973)

3,859,973‌

TOTAL

INVESTMENTS

-

125.49%

(Cost

$10,602,201)

13,102,309‌

Liabilities

in

Excess

of

Other

Assets - (25.49)%

(2,661,074‌)

NET

ASSETS

-

100.00%

$

10,441,235‌

(a)

Security,

or

a

portion

of

the

security

position,

is

currently

on

loan.

The

total

market

value

of

securities

on

loan

is

$2,621,299.

(b)

Non-income

producing

security.  

(c)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

July

31,

2023.

River

Oak

Discovery

Fund

Schedule

of

Investments

July

31,

2023

(Unaudited)

COMMON

STOCKS

-

95.82%

Shares

Fair

Value

CONSUMER

DISCRETIONARY

-

6.26%

Consumer

Services

-

3.10%

Adtalem

Global

Education,

Inc.

(a)(b)

17,305‌

$

748,268‌

Retail

-

Discretionary

-

3.16%

Asbury

Automotive

Group,

Inc.

(a)

3,380‌

762,528‌

CONSUMER

STAPLES

-

5.04%

Household

Products

-

5.04%

Edgewell

Personal

Care

Co.

(b)

17,322‌

682,660‌

Energizer

Holdings,

Inc.

(b)

15,000‌

535,500‌

1,218,160‌

FINANCIALS

-

10.36%

Asset

Management

-

4.83%

AllianceBernstein

Holding

LP

21,518‌

692,665‌

Artisan

Partners

Asset

Management,

Inc.

-

Class

A

(b)

11,425‌

474,023‌

1,166,688‌

Insurance

-

5.53%

CNO

Financial

Group,

Inc.

19,434‌

499,842‌

Selective

Insurance

Group,

Inc.

(b)

8,090‌

834,807‌

1,334,649‌

HEALTH

CARE

-

11.95%

Biotech

&

Pharma

-

6.32%

Ironwood

Pharmaceuticals,

Inc.

(a)

57,917‌

642,300‌

Prestige

Consumer

Healthcare,

Inc.

(a)

13,557‌

884,052‌

1,526,352‌

Health

Care

Facilities

&

Services

-

5.63%

Ensign

Group,

Inc.

(The)

(b)

7,572‌

733,500‌

Progyny,

Inc.

(a)

15,006‌

626,650‌

1,360,150‌

INDUSTRIALS

-

26.30%

Commercial

Support

Services

-

13.24%

Barrett

Business

Services,

Inc.

9,477‌

859,848‌

Kforce,

Inc.

(b)

14,641‌

928,825‌

Korn

Ferry

11,359‌

598,392‌

Vectrus,

Inc.

(a)

15,768‌

811,422‌

3,198,487‌

Electrical

Equipment

-

5.22%

Advanced

Energy

Industries,

Inc.

10,072‌

1,260,813‌

Industrial

Support

Services

-

3.82%

Applied

Industrial

Technologies,

Inc.

6,369‌

923,441‌

Machinery

-

4.02%

Kadant,

Inc.

(b)

4,352‌

969,843‌

TECHNOLOGY

-

35.91%

Semiconductors

-

26.35%

Ambarella,

Inc.

(a)

8,849‌

738,183‌

Cirrus

Logic,

Inc.

(a)(b)

11,637‌

940,270‌

Cohu,

Inc.

(a)(b)

23,005‌

1,004,168‌

River

Oak

Discovery

Fund

Schedule

of

Investments

(continued)

July

31,

2023

(Unaudited)

COMMON

STOCKS

-

95.82%

(Continued)

Shares

Fair

Value

TECHNOLOGY

-

35.91%

(Continued)

Semiconductors

-

26.35%

(Continued)

Diodes,

Inc.

(a)

10,822‌

$

1,022,571‌

Kulicke

&

Soffa

Industries,

Inc.

(b)

22,922‌

1,372,569‌

Silicon

Motion

Technology

Corp.

-

ADR

9,000‌

570,600‌

Tower

Semiconductor

Ltd.

(a)

18,941‌

715,023‌

6,363,384‌

Software

-

5.78%

Calix,

Inc.

(a)(b)

3,095‌

139,616‌

NextGen

Healthcare,

Inc.

(a)

49,292‌

819,726‌

Verint

Systems,

Inc.

(a)

11,703‌

437,341‌

1,396,683‌

Technology

Services

-

3.78%

Perficient,

Inc.

(a)

14,311‌

912,899‌

TOTAL

COMMON

STOCKS 

(Cost $16,821,064)

23,142,345‌

SHORT-TERM

INVESTMENTS

-

30.03%

Shares

Fair

Value

REPURCHASE

AGREEMENTS

-

4.29%

Tri-Party

Repurchase

Agreement

with

South

Street

Securities

LLC

and

Bank

of

New

York

Mellon,

5.01%,

dated

7/31/2023

and

maturing

8/1/2023,

collateralized

by

U.S.

Treasury

Securities

with

rates

ranging

from

4.00%

to

4.25%

and

maturity

dates

ranging

from

12/31/2024

to

7/31/2030

with

a

par

value

of

$1,063,105

and

a

collateral

value

of

$1,057,130

1,036,398‌

1,036,398‌

COLLATERAL

FOR

SECURITIES

LOANED

-

25.74%

Mount

Vernon

Liquid

Assets

Portfolio,

LLC,

5.47%

(c)

6,217,606‌

6,217,606‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $7,254,004)

7,254,004‌

TOTAL

INVESTMENTS

-

125.85%

(Cost

$24,075,068)

30,396,349‌

Liabilities

in

Excess

of

Other

Assets - (25.85)%

(6,242,629‌)

NET

ASSETS

-

100.00%

$

24,153,720‌

(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

$6,110,675.

(c)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

July

31,

2023.

ADR

-

American

Depositary

Receipt

Red

Oak

Technology

Select

Fund

Schedule

of

Investments

July

31,

2023

(Unaudited)

COMMON

STOCKS

-

99.13%

Shares

Fair

Value

COMMUNICATIONS

-

14.06%

Internet

Media

&

Services

-

14.06%

Alphabet,

Inc.

-

Class

A

(a)

75,000‌

$

9,954,000‌

Alphabet,

Inc.

-

Class

C

(a)

304,720‌

40,561,279‌

Meta

Platforms,

Inc.

-

Class

A

(a)

83,225‌

26,515,485‌

77,030,764‌

CONSUMER

DISCRETIONARY

-

9.05%

E-Commerce

Discretionary

-

9.05%

Amazon.com,

Inc.

(a)

263,000‌

35,157,840‌

eBay,

Inc.

324,030‌

14,422,576‌

49,580,416‌

INDUSTRIALS

-

2.38%

Aerospace

&

Defense

-

1.42%

Lockheed

Martin

Corp.

17,399‌

7,766,392‌

Electrical

Equipment

-

0.96%

Amphenol

Corp.

-

Class

A

60,000‌

5,298,600‌

TECHNOLOGY

-

73.64%

Semiconductors

-

23.79%

Advanced

Micro

Devices,

Inc.

(a)

90,000‌

10,296,000‌

Intel

Corp.

147,615‌

5,280,188‌

KLA

Corp.

68,609‌

35,261,596‌

Microchip

Technology,

Inc.

95,000‌

8,924,300‌

NVIDIA

Corp.

30,000‌

14,018,700‌

NXP

Semiconductors

NV

113,550‌

25,319,379‌

Qorvo,

Inc.

(a)

100,000‌

11,002,000‌

QUALCOMM,

Inc.

153,200‌

20,248,444‌

130,350,607‌

Software

-

24.47%

Akamai

Technologies,

Inc.

(a)

116,780‌

11,035,710‌

Check

Point

Software

Technologies

Ltd.

(a)

58,700‌

7,760,727‌

Microsoft

Corp.

99,403‌

33,391,456‌

Oracle

Corp.

262,554‌

30,779,205‌

Synopsys,

Inc.

(a)

65,970‌

29,805,246‌

VMware,

Inc.

-

Class

A

(a)

135,470‌

21,354,136‌

134,126,480‌

Technology

Hardware

-

15.01%

Apple,

Inc.

190,000‌

37,325,500‌

Cisco

Systems,

Inc.

576,180‌

29,984,407‌

NetApp,

Inc.

191,334‌

14,925,966‌

82,235,873‌

Technology

Services

-

10.37%

Accenture

PLC

-

Class

A

50,118‌

15,854,829‌

Global

Payments,

Inc.

93,157‌

10,270,559‌

MasterCard,

Inc.

-

Class

A

29,642‌

11,687,248‌

Red

Oak

Technology

Select

Fund

Schedule

of

Investments

(continued)

July

31,

2023

(Unaudited)

COMMON

STOCKS

-

99.13%

(Continued)

Shares

Fair

Value

TECHNOLOGY

-

73.64%

(Continued)

Technology

Services

-

10.37%

(Continued)

Visa,

Inc.

-

Class

A

(b)

80,000‌

$

19,018,400‌

56,831,036‌

TOTAL

COMMON

STOCKS 

(Cost $195,455,993)

543,220,168‌

SHORT-TERM

INVESTMENTS

-

4.44%

Shares

Fair

Value

REPURCHASE

AGREEMENTS

-

0.96%

Tri-Party

Repurchase

Agreement

with

South

Street

Securities

LLC

and

Bank

of

New

York

Mellon,

5.01%,

dated

7/31/2023

and

maturing

8/1/2023,

collateralized

by

U.S.

Treasury

Securities

with

rates

ranging

from

4.00%

to

4.25%

and

maturity

dates

ranging

from

12/31/2024

to

7/31/2030

with

a

par

value

of

$5,424,373

and

a

collateral

value

of

$5,393,888

5,288,103‌

5,288,103‌

COLLATERAL

FOR

SECURITIES

LOANED

-

3.48%

Mount

Vernon

Liquid

Assets

Portfolio,

LLC,

5.47%

(c)

19,047,600‌

19,047,600‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $24,335,703)

24,335,703‌

TOTAL

INVESTMENTS

-

103.57%

(Cost

$219,791,696)

567,555,871‌

Liabilities

in

Excess

of

Other

Assets - (3.57)%

(19,540,296‌)

NET

ASSETS

-

100.00%

$

548,015,575‌

(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

$18,828,216.

(c)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

July

31,

2023.

Black

Oak

Emerging

Technology

Fund

Schedule

of

Investments

July

31,

2023

(Unaudited)

COMMON

STOCKS

-

96.12%

Shares

Fair

Value

CONSUMER

DISCRETIONARY

-

2.55%

Automotive

-

2.55%

Tesla,

Inc.

(a)

5,817‌

$

1,555,640‌

ENERGY

-

3.00%

Renewable

Energy

-

3.00%

SolarEdge

Technologies,

Inc.

(a)(b)

7,584‌

1,831,233‌

HEALTH

CARE

-

4.40%

Medical

Equipment

&

Devices

-

4.40%

Illumina,

Inc.

(a)(b)

6,757‌

1,298,357‌

Intuitive

Surgical,

Inc.

(a)

4,259‌

1,381,620‌

2,679,977‌

INDUSTRIALS

-

10.24%

Electrical

Equipment

-

3.61%

Advanced

Energy

Industries,

Inc.

(b)

17,560‌

2,198,161‌

Industrial

Support

Services

-

3.33%

Applied

Industrial

Technologies,

Inc.

14,000‌

2,029,860‌

Machinery

-

3.30%

Nordson

Corp.

8,000‌

2,012,880‌

TECHNOLOGY

-

75.93%

Information

Technology

-

2.69%

Paylocity

Holdings

Corp.

(a)

7,220‌

1,637,857‌

Semiconductors

-

39.61%

Advanced

Micro

Devices,

Inc.

(a)

17,247‌

1,973,057‌

Ambarella,

Inc.

(a)

25,956‌

2,165,250‌

Cirrus

Logic,

Inc.

(a)(b)

20,830‌

1,683,064‌

Cohu,

Inc.

(a)

59,077‌

2,578,711‌

Diodes,

Inc.

(a)

25,770‌

2,435,007‌

KLA

Corp.

(b)

6,750‌

3,469,162‌

Kulicke

&

Soffa

Industries,

Inc.

(b)

49,645‌

2,972,743‌

Lam

Research

Corp.

3,500‌

2,514,715‌

NVIDIA

Corp.

3,416‌

1,596,263‌

QUALCOMM,

Inc.

10,844‌

1,433,251‌

Silicon

Motion

Technology

Corp.

-

ADR

20,940‌

1,327,596‌

24,148,819‌

Software

-

11.17%

Calix,

Inc.

(a)

11,424‌

515,337‌

Concentrix

Corp.

(b)

6,000‌

499,440‌

Fortinet,

Inc.

(a)

20,800‌

1,616,576‌

NextGen

Healthcare,

Inc.

(a)

88,315‌

1,468,678‌

Salesforce.com,

Inc.

(a)

9,659‌

2,173,372‌

Verint

Systems,

Inc.

(a)(b)

14,335‌

535,699‌

6,809,102‌

Technology

Hardware

-

8.48%

Apple,

Inc.

20,120‌

3,952,574‌

F5,

Inc.

(a)

7,705‌

1,219,239‌

5,171,813‌

Black

Oak

Emerging

Technology

Fund

Schedule

of

Investments

(continued)

July

31,

2023

(Unaudited)

COMMON

STOCKS

-

96.12%

(Continued)

Shares

Fair

Value

TECHNOLOGY

-

75.93%

(Continued)

Technology

Services

-

13.98%

Amdocs

Ltd.

15,234‌

$

1,426,512‌

Cognizant

Technology

Solutions

Corp.

-

Class

A

9,600‌

633,888‌

CSG

Systems

International,

Inc.

10,000‌

515,900‌

Jack

Henry

&

Associates,

Inc.

(b)

5,070‌

849,580‌

PayPal

Holdings,

Inc.

(a)

27,523‌

2,086,794‌

Perficient,

Inc.

(a)

19,395‌

1,237,207‌

Science

Applications

International

Corp.

14,607‌

1,772,413‌

8,522,294‌

TOTAL

COMMON

STOCKS 

(Cost $27,894,541)

58,597,636‌

SHORT-TERM

INVESTMENTS

-

17.59%

Shares

Fair

Value

REPURCHASE

AGREEMENTS

-

4.00%

Tri-Party

Repurchase

Agreement

with

South

Street

Securities

LLC

and

Bank

of

New

York

Mellon,

5.01%,

dated

7/31/2023

and

maturing

8/1/2023,

collateralized

by

U.S.

Treasury

Securities

with

rates

ranging

from

4.00%

to

4.25%

and

maturity

dates

ranging

from

12/31/2024

to

7/31/2030

with

a

par

value

of

$2,498,480

and

a

collateral

value

of

$2,484,438

2,435,713‌

2,435,713‌

COLLATERAL

FOR

SECURITIES

LOANED

-

13.59%

Mount

Vernon

Liquid

Assets

Portfolio,

LLC,

5.47%

(c)

8,283,876‌

8,283,876‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $10,719,589)

10,719,589‌

TOTAL

INVESTMENTS

-

113.71%

(Cost

$38,614,130)

69,317,225‌

Liabilities

in

Excess

of

Other

Assets - (13.71)%

(8,356,899‌)

NET

ASSETS

-

100.00%

$

60,960,326‌

(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

$8,156,098.

(c)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

July

31,

2023.

ADR

-

American

Depositary

Receipt

Live

Oak

Health

Sciences

Fund

Schedule

of

Investments

July

31,

2023

(Unaudited)

COMMON

STOCKS

-

94.85%

Shares

Fair

Value

HEALTH

CARE

-

94.85%

Biotech

-

29.76%

Amgen,

Inc.

10,240‌

$

2,397,696‌

Biogen,

Inc.

(a)

5,006‌

1,352,571‌

Exelixis,

Inc.

(a)

86,379‌

1,702,530‌

Gilead

Sciences,

Inc.

13,718‌

1,044,488‌

Incyte

Corp.

(a)

25,041‌

1,595,613‌

Moderna,

Inc.

(a)

12,813‌

1,507,578‌

Regeneron

Pharmaceuticals,

Inc.

(a)

3,190‌

2,366,693‌

United

Therapeutics

Corp.

(a)

7,465‌

1,811,905‌

Vertex

Pharmaceuticals,

Inc.

(a)

5,515‌

1,943,155‌

15,722,229‌

Health

Care

Facilities

-

2.12%

Ensign

Group,

Inc.

(The)

(b)

11,558‌

1,119,623‌

Health

Care

Services

-

4.15%

Laboratory

Corporation

of

America

Holdings

7,425‌

1,588,430‌

Quest

Diagnostics,

Inc.

4,453‌

602,090‌

2,190,520‌

Health

Care

Supply

Chain

-

18.05%

AmerisourceBergen

Corp.

13,739‌

2,567,819‌

Cardinal

Health,

Inc.

22,235‌

2,033,835‌

Cigna

Corp.

5,499‌

1,622,755‌

CVS

Health

Corp.

(b)

15,000‌

1,120,350‌

McKesson

Corp.

5,448‌

2,192,275‌

9,537,034‌

Large

Pharmaceuticals

-

6.92%

Johnson

&

Johnson

7,019‌

1,175,893‌

Merck

&

Co.,

Inc.

11,852‌

1,264,016‌

Novartis

AG

-

ADR

11,600‌

1,216,840‌

3,656,749‌

Life

Science

&

Diagnostics

-

6.46%

Bio-Rad

Laboratories,

Inc.

-

Class

A

(a)

4,333‌

1,756,425‌

Thermo

Fisher

Scientific,

Inc.

3,023‌

1,658,599‌

3,415,024‌

Managed

Care

-

14.32%

Anthem,

Inc.

3,418‌

1,612,031‌

Centene

Corp.

(a)

15,000‌

1,021,350‌

Humana,

Inc.

(b)

3,614‌

1,650,984‌

Molina

Healthcare,

Inc.

(a)

5,191‌

1,580,608‌

UnitedHealth

Group,

Inc.

3,369‌

1,705,961‌

7,570,934‌

Medical

Devices

-

5.97%

Medtronic

PLC

21,490‌

1,885,963‌

Stryker

Corp.

4,479‌

1,269,393‌

3,155,356‌

Medical

Equipment

-

3.97%

Intuitive

Surgical,

Inc.

(a)

6,458‌

2,094,975‌

Live

Oak

Health

Sciences

Fund

Schedule

of

Investments

(continued)

July

31,

2023

(Unaudited)

COMMON

STOCKS

-

94.85%

(Continued)

Shares

Fair

Value

HEALTH

CARE

-

94.85%

(Continued)

Specialty

&

Generic

Pharmaceuticals

-

3.13%

Jazz

Pharmaceuticals

PLC

(a)

12,693‌

$

1,655,421‌

TOTAL

COMMON

STOCKS 

(Cost $35,697,892)

50,117,865‌

SHORT-TERM

INVESTMENTS

-

10.49%

REPURCHASE

AGREEMENTS

-

5.21%

Tri-Party

Repurchase

Agreement

with

South

Street

Securities

LLC

and

Bank

of

New

York

Mellon,

5.01%,

dated

7/31/2023

and

maturing

8/1/2023,

collateralized

by

U.S.

Treasury

Securities

with

rates

ranging

from

4.00%

to

4.25%

and

maturity

dates

ranging

from

12/31/2024

to

7/31/2030

with

a

par

value

of

$2,820,985

and

a

collateral

value

of

$2,805,131

2,750,117‌

2,750,117‌

COLLATERAL

FOR

SECURITIES

LOANED

-

5.28%

Mount

Vernon

Liquid

Assets

Portfolio,

LLC,

5.47%

(c)

2,787,253‌

2,787,253‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $5,537,370)

5,537,370‌

TOTAL

INVESTMENTS

-

105.34%

(Cost

$41,235,262)

55,655,235‌

Liabilities

in

Excess

of

Other

Assets - (5.34)%

(2,822,568‌)

NET

ASSETS

-

100.00%

$

52,832,667‌

(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

$2,778,520

.

(c)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

July

31,

2023.

ADR

-

American

Depositary

Receipt