Tanaka Funds NPORT-P Tanaka Growth Fund (Aug 2023 report)

Schedule of Investments
August 31, 2023 (unaudited)
Tanaka Growth Fund
		Shares or Principal
Security Description		Amount ($)		Fair Value ($)(1)
Common Stocks - 92.00%
Accident & Health Insurance - 4.54%
Aflac, Inc.		12,050		898,568
Beverages - 1.46%
PepsiCo, Inc.		1,625		289,120
Cigarettes - 1.90%
Philip Morris International, Inc.		3,910		375,595
Electronic Computers - 17.35%
Apple, Inc.   (2)		18,293		3,436,706
Entertainment - 0.21%
Paramount Global Class B		2,700		40,743
General Industrial Machinery & Equipment - 10.02%
Symbotic, Inc. - Class A  (2)		47,500		1,985,025
Investment Advice - 3.37%
The Carlyle Group, Inc.		20,625		667,219
Measuring & Controlling Device - 8.51%
Onto Innovation, Inc.  (2)		12,123		1,684,855
Miscellaneous Metal Ores - 9.19%
Cameco Corp. (Canada)  (2)		6,500		240,500
NexGen Energy Ltd. (Canada)  (2)		268,889		1,411,339
Uranium Energy Corp.  (2)		39,000		168,480
				1,820,319
Motor Vehicle Parts & Accessories - 0.35%
Honeywell International, Inc.		370		69,538
Motor Vehicles & Passenger Car - 4.55%
Tesla Motors, Inc.   (2)		3,495		901,990
Pharmaceutical Preparations - 10.02%
Catalyst Pharmaceuticals, Inc.  (2)		81,098		1,138,616
Corcept Therapeuticals, Inc.  (2)		16,655		545,118
Ionis Pharmaceuticals, Inc.  (2)		7,500		302,025
				1,985,759
Primary Smelting & Refining of - 0.00%
Blue Earth Refineries, Inc.   (2)		27,719		0
Radio & TV Broadcasting & Communications Equipment - 3.81%
Qualcomm, Inc.		6,598		755,669
Retail-Catalog & Mail-Order Houses - 2.01%
Amazon.com, Inc.   (2)		2,880		397,469
Security Brokers, Dealers & Flotation Companies - 3.53%
Stifel Financial Corp.		10,760		699,615
Semiconductors & Related Devices - 7.02%
Applied Materials, Inc.		3,870		591,181
NVIDIA Corp.		1,620		799,551
				1,390,732
Services - Business Services - 1.64%
Accenture PLC Class A (Ireland)		290		93,893
MasterCard, Inc. Class A		560		231,078
				324,971
Services-Computer Programming, Data Processing, Etc. - 1.14%
Meta Platforms, Inc. Class A   (2)		760		224,876
Specialty Chemicals - 1.39%
Nanoco Group PLC (United Kingdom)   (2)		1,260,607		276,161
Total Common Stock		(Cost $           7,031,004)		18,224,930
Corporate Bonds - 0.00%
Automotive - 0.19%
AMRS, 1.500%, Due 11/15/2026		340,000		37,400
Total Corporate Bonds		(Cost $                45,764)		37,400
Short-Term Investments - 7.78%
Huntington Conservative Deposit Account 5.190% (3)		1,541,425		1,541,425
Total Short-Term Investment Companies		(Cost $           1,541,425)		1,541,425
Total Investments - 99.97%		(Cost $           8,618,193)		19,803,755
Other Assets Less Liabilities - .03%				6,069
Total Net Assets - 100.00%				19,809,824
(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)
The following is a summary of the inputs used as of August 31, 2023 in valuing the Fund's assets carried at fair value:
		Investments in		Other Financial
Valuation Inputs		Securities		Instruments (9)
Level 1 - Quoted Prices	$	19,766,355	$	-
Level 2 - Other Significant Observable Inputs		37,400		-
Level 3 - Significant Unobservable Inputs	$	0		-
Total	$	19,803,755	$	0
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.
(2)  Represents non-income producing securities.
(3)  Investment in affiliate. The yield shown represents the 7-day yield in effect at August 31, 2023.