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Schedule of Investments |
August 31, 2022 (unaudited) |
Tanaka Growth Fund |
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| Shares or Principal |
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Security Description | | | Amount ($) | | Fair Value ($)(1) |
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Common Stocks - 93.00% |
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Accident & Health Insurance - 4.62% |
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Aflac, Inc. |
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| 12,900 |
| 766,518 |
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Asset Management - 4.05% |
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The Carlyle Group, Inc. |
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| 20,625 |
| 670,931 |
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Beverages - 1.69% |
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PepsiCo, Inc. |
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| 1,625 |
| 279,939 |
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Cigarettes - 2.26% |
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Philip Morris International, Inc. |
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| 3,910 |
| 373,366 |
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Credit Services - 1.10% |
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MasterCard, Inc. Class A |
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| 560 |
| 181,647 |
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Electronic Computers - 17.58% |
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Apple, Inc. |
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| 18,518 |
| 2,911,400 |
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Entertainment - 0.38% |
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Paramount Global Class B |
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| 2,700 |
| 63,153 |
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General Industrial Machinery & Equipment, NEC - 4.48% |
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Symbotic, Inc. - Restricted (2) |
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| 70,000 |
| 741,370 |
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Industrial Organic Chemicals - 7.13% |
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Amyris, Inc. (2) |
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| 401,347 |
| 1,179,960 |
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Information Technology Services - 0.51% |
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Accenture PLC Class A (Ireland) |
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| 290 |
| 83,653 |
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Measuring & Controlling Device - 5.52% |
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Onto Innovation, Inc. (2) |
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| 12,883 |
| 914,564 |
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Miscellaneous Metal Ores - 1.14% |
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Cameco Corporation (2) |
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| 6,500 |
| 189,475 |
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Motor Vehicle Parts & Accessories - 0.42% |
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Honeywell International, Inc. |
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| 370 |
| 70,060 |
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Motor Vehicles & Passenger Car - 5.29% |
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Tesla Motors, Inc. (2) |
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| 3,180 |
| 876,440 |
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Oil & Gas Field Exploration Se - 5.36% |
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NexGen Energy Ltd. (Canada) (2) |
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| 198,889 |
| 886,989 |
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Pharmaceutical Preparations - 11.40% |
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Catalyst Pharmaceuticals, Inc. (2) |
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| 107,598 |
| 1,456,877 |
Corcept Therapeuticals, Inc. (2) |
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| 16,655 |
| 430,032 |
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| 1,886,909 |
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Primary Smelting & Refining of - 0.00% |
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Blue Earth Refineries, Inc. (2) |
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| 27,719 |
| 0 |
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Radio & TV Broadcasting & Communications Equipment - 5.27% |
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Qualcomm, Inc. |
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| 6,598 |
| 872,717 |
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Retail-Catalog & Mail-Order Houses - 2.74% |
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Amazon.com, Inc. (2) |
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| 3,580 |
| 453,837 |
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Security Brokers, Dealers & Flotation Companies - 4.05% |
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Stifel Financial Corp. |
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| 11,310 |
| 670,796 |
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Semiconductors & Related Devices - 3.68% |
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Applied Materials, Inc. |
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| 3,870 |
| 364,051 |
NVIDIA Corp. |
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| 1,620 |
| 244,523 |
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| 608,574 |
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Services-Computer Programming, Data Processing, Etc. - 0.75% |
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Meta Platforms, Inc. Class A (2) |
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| 760 |
| 123,827 |
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Specialty Chemicals - 3.58% |
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Nanoco Group PLC (United Kingdom) (2) |
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| 1,260,607 |
| 592,044 |
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Total Common Stock |
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| (Cost $ 8,647,467) |
| 15,398,169 |
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Short-Term Investments - 7.04% |
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Huntington Conservative Deposit Account 2.080% (3) | 1,164,877 |
| 1,164,877 |
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Total Short-Term Investment Companies | (Cost $ 1,164,877) |
| 1,164,877 |
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Total Investments - 100.04% | (Cost $ 9,812,344) |
| 16,563,046 |
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Liabilities in Excess of Other Assets - -.04% |
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| (6,529) |
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Total Net Assets - 100.00% |
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| 16,556,517 |
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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 August 31, 2022 in valuing the Fund's assets carried at fair value: |
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| | | | | Investments in | | Other Financial |
Valuation Inputs | | | | Securities | | Instruments (9) |
Level 1 - Quoted Prices | | | $ | 16,563,046 | $ | - |
Level 2 - Other Significant Observable Inputs | | | | | - |
Level 3 - Significant Unobservable Inputs | | | | | - |
Total | | | | $ | 16,563,046 | $ | 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) Investment in affiliate. The yield shown represents the 7-day yield in effect at August 31, 2022. |
