Schedule of Investments | |||||||
February 28, 2021 (unaudited) | |||||||
Tanaka Growth Fund | |||||||
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| Shares or Principal |
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Security Description |
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| Amount ($) |
| Fair Value ($)(1) | ||
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Common Stocks - 77.25% | |||||||
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Accident & Health Insurance - 2.88% |
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Aflac, Inc. |
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| 12,100 |
| 579,469 |
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Asset Management - 1.09% |
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Carlyle Group, Inc. |
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| 6,375 |
| 218,344 | |
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Beverages - 0.64% |
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PepsiCo, Inc. |
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| 1,000 |
| 129,190 |
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Credit Services - 0.99% |
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MasterCard, Inc. Class A |
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| 560 |
| 198,156 | |
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Electronic Computers - 14.18% |
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Apple, Inc. |
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| 23,528 |
| 2,853,005 |
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Industrial Organic Chemicals - 17.08% |
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Amyris, Inc. (2) |
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| 248,997 |
| 3,436,159 | |
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Information Technology Services - 1.15% |
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Accenture PLC Class A |
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| 925 |
| 232,083 | |
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Measuring & Controlling Device - 4.59% |
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Onto Innovation, Inc. (2) |
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| 14,783 |
| 923,346 | |
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Motor Vehicle Parts & Accessories - 1.24% |
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Honeywell International, Inc. |
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| 1,230 |
| 248,891 | ||
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Motor Vehicles & Passenger Car - 4.08% |
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Tesla Motors, Inc. (2) |
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| 1,215 |
| 820,733 | |
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Oil & Gas Field Exploration Se - 3.14% |
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NexGen Energy Ltd. (2) |
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| 178,945 |
| 630,643 | |
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Pharmaceutical Preparations - 8.70% |
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BeyondSpring, Inc. (2) |
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| 55,080 |
| 714,938 | |
Catalyst Pharmaceuticals, Inc. (2) |
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| 69,598 |
| 270,736 | ||
Corcept Therapeuticals, Inc. (2) |
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| 16,655 |
| 418,873 | ||
Ionis Pharmaceuticals, Inc. (2) |
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| 6,590 |
| 345,316 | ||
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| 1,749,863 |
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Radio & TV Broadcasting & Communications Equipment - 4.15% |
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Qualcomm, Inc. |
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| 6,123 |
| 833,891 | |
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Retail-Catalog & Mail-Order Houses - 1.74% |
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Amazon.com, Inc. (2) |
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| 113 |
| 349,501 | |
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Security Brokers, Dealers & Flotation Companies - 3.19% |
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Stifel Financial Corp. |
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| 10,510 |
| 641,951 | |
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Semiconductors & Related Devices - 2.40% |
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NVIDIA Corp. |
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| 185 |
| 101,487 | |
Tower Semiconductors Ltd. (Israel) (2) |
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| 13,005 |
| 382,217 | ||
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| 483,704 |
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Services-Computer Programming, Data Processing, Etc. - 0.86% |
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Facebook, Inc. Class A (2) |
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| 670 |
| 172,605 | ||
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Specialty Chemicals - 1.47% |
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Nanoco Group PLC (United Kingdom) (2) |
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| 1,400,668 |
| 294,939 | ||
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Television Broadcasting Stations - 3.69% |
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ViacomCBS, Inc. Class B |
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| 11,505 |
| 741,957 | |
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Total Common Stock |
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| (Cost $ 6,434,315) |
| 15,538,430 | |
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Short-Term Investments - 22.46% | |||||||
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Huntington Conservative Deposit Account (5) | 4,518,302 |
| 4,518,302 | ||||
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Total Short-Term Investment Companies | 4,518,302 |
| 4,518,302 | ||||
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Total Investments - 99.72% | (Cost $ 10,952,617) |
| 20,056,732 | ||||
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Other Assets less Liabilities - .28% |
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| 56,792 | ||||
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Total Net Assets - 100.00% |
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| 20,113,524 | ||||
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(1) Statement on Financial Accounting Standard No. 157 "Fair Value Measurements" - Various inputs are used in determining the value of the Fund's investments. | |||||||
These inputs are summarized in the three broad levels listed below. | |||||||
• Level 1 - quoted prices in active markets for identical securities | |||||||
• Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) | |||||||
• Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments) | |||||||
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The following is a summary of the inputs used as of February 28, 2021 in valuing the Fund's assets carried at fair value: | |||||||
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| Investments in |
| Other Financial |
Valuation Inputs |
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| Securities |
| Instruments (9) | |
Level 1 - Quoted Prices |
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| $ | 20,056,732 | $ | - | |
Level 2 - Other Significant Observable Inputs |
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| - | ||
Level 3 - Significant Unobservable Inputs |
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| - | ||
Total |
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| $ | 20,056,732 | $ | 0 |
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The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term | |||||||
debt instruments and repurchase agreements with a maturity of less than 60 days are valued using amortized cost, in accordance with rules under the Investment | |||||||
Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active | |||||||
market, such securities are reflected as Level 2. | |||||||
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(2) Represents non-income producing securities. | |||||||
(3) Notional Value is calculated by multiplying outstanding shares by the spot price at February 28, 2021. | |||||||
(4) Investment purchased with cash received as securities lending collateral. The yield shown represents the 7-day yield in effect at February 28, 2021. | |||||||
(5) Investment in affiliate. The yield shown represents the 7-day yield in effect at February 28, 2021. | |||||||
(6) Assets of affiliates to the Conservative Allocation Fund held for the benefit of the Fund's Trustees in connection with the Trustees Deferred Compensation Plan. | |||||||
(7) Fair valued security deemed as Level 3 security. | |||||||
(8) Exchange-traded fund. | |||||||
(9) Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures contracts, which are valued at the unrealized | |||||||
appreciation/depreciation on the instrument. | |||||||
