White
Oak
Select
Growth
Fund
Schedule
of
Investments
July
31,
2026
(Unaudited)
COMMON
STOCKS
-
99.51%
Shares
Fair
Value
COMMUNICATIONS
-
14.36%
Internet
Media
&
Services
-
14.36%
Airbnb,
Inc.
-
Class
A
(a)
26,800
$
4,060,736
Alphabet,
Inc.
-
Class
A
58,802
20,941,156
Alphabet,
Inc.
-
Class
C
79,456
28,337,983
Meta
Platforms,
Inc.
-
Class
A
29,151
16,228,653
69,568,528
CONSUMER
DISCRETIONARY
-
13.45%
E-Commerce
Discretionary
-
9.59%
Amazon.com,
Inc.
(a)
170,913
46,416,553
Retail
-
Discretionary
-
3.86%
Lowe's
Companies,
Inc.
90,000
18,702,900
ENERGY
-
2.02%
Oil
&
Gas
Producers
-
1.12%
EOG
Resources,
Inc.
36,547
5,434,173
Oil
&
Gas
Services
&
Equipment
-
0.90%
SLB
Ltd.
87,969
4,362,383
FINANCIALS
-
18.76%
Asset
Management
-
6.17%
Charles
Schwab
Corp.
(The)
284,100
29,898,684
Banking
-
6.60%
JPMorgan
Chase
&
Co.
90,894
31,975,600
Institutional
Financial
Services
-
1.72%
State
Street
Corp.
45,300
8,342,448
Insurance
-
4.27%
Chubb
Ltd.
58,937
20,668,027
HEALTH
CARE
-
17.07%
Biotech
&
Pharma
-
10.16%
Amgen,
Inc.
69,335
26,705,069
Bristol-Myers
Squibb
Co.
71,924
4,697,356
Novartis
AG
-
ADR
114,060
17,810,469
49,212,894
Health
Care
Facilities
&
Services
-
4.95%
Cigna
Corp.
32,952
9,195,256
Labcorp
Holdings,
Inc.
47,770
14,770,484
23,965,740
Medical
Equipment
&
Devices
-
1.96%
Alcon,
Inc.
(b)
138,000
9,513,720
INDUSTRIALS
-
2.62%
Electrical
Equipment
-
2.62%
Rockwell
Automation,
Inc.
26,392
12,670,271
TECHNOLOGY
-
31.23%
Semiconductors
-
16.04%
Broadcom,
Inc.
40,000
15,571,200
White
Oak
Select
Growth
Fund
Schedule
of
Investments
(continued)
July
31,
2026
(Unaudited)
COMMON
STOCKS
-
99.51%
(Continued)
Shares
Fair
Value
TECHNOLOGY
-
31.23%
(Continued)
Semiconductors
-
16.04%
(Continued)
KLA
Corp.
179,400
$
32,797,908
NXP
Semiconductors
NV
66,513
15,242,119
QUALCOMM,
Inc.
95,348
14,074,318
77,685,545
Software
-
5.21%
Adobe
Systems,
Inc.
(a)
35,547
8,901,324
Microsoft
Corp.
25,500
11,850,360
Salesforce,
Inc.
24,324
4,476,103
25,227,787
Technology
Hardware
-
7.90%
Cisco
Systems,
Inc.
330,000
38,276,700
Technology
Services
-
2.08%
Visa,
Inc.
-
Class
A
27,475
10,059,422
TOTAL
COMMON
STOCKS
(Cost $179,899,067)
481,981,375
SHORT-TERM
INVESTMENTS
-
2.45%
Shares
or
Principal
($)
Fair
Value
REPURCHASE
AGREEMENTS
-
0.44%
Tri-Party
Repurchase
Agreement
with
South
Street
Securities
LLC
and
Bank
of
New
York
Mellon,
3.25%,
dated
7/31/2026
and
maturing
8/3/2026,
collateralized
by
U
.
S
.
Treasury
Securities
with
rates
ranging
from
3.50%
to
4.25%
and
maturity
dates
ranging
from
10/31/2027
to
3/31/2030
with
a
par
value
of
$2,153,386
and
a
collateral
value
of
$2,154,
586
2,112,328
2,112,328
COLLATERAL
FOR
SECURITIES
LOANED
-
2.01%
Mount
Vernon
Liquid
Assets
Portfolio,
LLC,
3.74%
(c)
9,727,264
9,727,264
TOTAL
SHORT-TERM
INVESTMENTS
(Cost $11,839,592)
11,839,592
TOTAL
INVESTMENTS
-
101.96%
(Cost
$191,738,659)
493,820,967
Liabilities
in
Excess
of
Other
Assets - (1.96)%
(9,476,899)
NET
ASSETS
-
100.00%
$
484,344,068
(a)
Non-income
producing
security.
(b)
Security,
or
a
portion
of
the
security
position,
is
currently
on
loan.
The
total
Fair
Value
of
securities
on
loan
is
$9,411,896.
(c)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
July
31,
2026.
ADR
-
American
Depositary
Receipt
Pin
Oak
Equity
Fund
Schedule
of
Investments
July
31,
2026
(Unaudited)
COMMON
STOCKS
-
99.27%
Shares
Fair
Value
COMMUNICATIONS
-
15.46%
Internet
Media
&
Services
-
15.46%
Alphabet,
Inc.
-
Class
A
13,900
$
4,950,207
Alphabet,
Inc.
-
Class
C
20,243
7,219,666
Expedia
Group,
Inc.
19,663
5,795,473
Meta
Platforms,
Inc.
-
Class
A
8,595
4,784,922
22,750,268
CONSUMER
DISCRETIONARY
-
7.57%
E-Commerce
Discretionary
-
7.57%
Amazon.com,
Inc.
(a)
41,056
11,149,989
ENERGY
-
5.82%
Oil
&
Gas
Producers
-
5.82%
APA
Corp.
95,721
3,572,308
Devon
Energy
Corp.
110,612
4,991,919
8,564,227
FINANCIALS
-
18.93%
Asset
Management
-
5.21%
Charles
Schwab
Corp.
(The)
72,810
7,662,525
Institutional
Financial
Services
-
7.86%
Bank
of
New
York
Mellon
Corp.
(The)
58,321
9,117,322
Northern
Trust
Corp.
13,455
2,451,366
11,568,688
Insurance
-
5.86%
Assurant,
Inc.
30,900
8,626,971
HEALTH
CARE
-
18.79%
Biotech
&
Pharma
-
11.84%
Amgen,
Inc.
18,500
7,125,460
Gilead
Sciences,
Inc.
43,145
5,617,910
Regeneron
Pharmaceuticals,
Inc.
6,139
4,681,786
17,425,156
Health
Care
Facilities
&
Services
-
6.95%
McKesson
Corp.
8,034
6,878,631
Quest
Diagnostics,
Inc.
14,417
3,359,305
10,237,936
INDUSTRIALS
-
5.55%
Electrical
Equipment
-
3.20%
Amphenol
Corp.
-
Class
A
29,304
4,709,153
Industrial
Support
Services
-
1.36%
Applied
Industrial
Technologies,
Inc.
5,815
2,007,396
Machinery
-
0.99%
ESAB
Corp.
16,806
1,454,223
MATERIALS
-
3.63%
Chemicals
-
2.40%
New
Linde
PLC
7,398
3,539,055
Pin
Oak
Equity
Fund
Schedule
of
Investments
(continued)
July
31,
2026
(Unaudited)
COMMON
STOCKS
-
99.27%
(Continued)
Shares
Fair
Value
MATERIALS
-
3.63%
(Continued)
Metals
&
Mining
-
1.23%
Newmont
Corp.
19,253
$
1,804,199
TECHNOLOGY
-
23.52%
Semiconductors
-
9.11%
Cirrus
Logic,
Inc.
(a)
24,496
3,168,558
KLA
Corp.
56,060
10,248,889
13,417,447
Software
-
2.81%
Akamai
Technologies,
Inc.
(a)
27,507
3,168,256
Pegasystems,
Inc.
31,660
967,213
4,135,469
Technology
Services
-
11.60%
Amdocs
Ltd.
66,587
3,710,228
Paychex,
Inc.
34,649
4,048,389
Visa,
Inc.
-
Class
A
25,443
9,315,445
17,074,062
TOTAL
COMMON
STOCKS
(Cost $59,502,381)
146,126,764
SHORT-TERM
INVESTMENTS
-
0.71%
Shares
or
Principal
($)
Fair
Value
REPURCHASE
AGREEMENTS
-
0.71%
Tri-Party
Repurchase
Agreement
with
South
Street
Securities
LLC
and
Bank
of
New
York
Mellon,
3.25%,
dated
7/31/2026
and
maturing
8/3/2026,
collateralized
by
U.S.
Treasury
Securities
with
rates
ranging
from
3.50%
to
4.25%
and
maturity
dates
ranging
from
10/31/2027
to
3/31/2030
with
a
par
value
of
$1,071,071
and
a
collateral
value
of
$1,071,668
1,050,649
1,050,649
TOTAL
SHORT-TERM
INVESTMENTS
(Cost $1,050,649)
1,050,649
TOTAL
INVESTMENTS
-
99.98%
(Cost
$60,553,030)
147,177,413
Other
Assets
in
Excess
of
Liabilities - 0.02%
24,957
NET
ASSETS
-
100.00%
$
147,202,370
(a)
Non-income
producing
security.
Rock
Oak
Core
Growth
Fund
Schedule
of
Investments
July
31,
2026
(Unaudited)
COMMON
STOCKS
-
98.13%
Shares
Fair
Value
COMMUNICATIONS
-
3.74%
Internet
Media
&
Services
-
3.74%
Expedia
Group,
Inc.
1,722
$
507,542
CONSUMER
DISCRETIONARY
-
1.41%
Wholesale
-
Discretionary
-
1.41%
Pool
Corp.
1,030
191,281
ENERGY
-
9.36%
Oil
&
Gas
Producers
-
9.36%
APA
Corp.
11,313
422,201
Devon
Energy
Corp.
10,125
456,941
Murphy
USA,
Inc.
(a)
644
391,398
1,270,540
FINANCIALS
-
13.42%
Institutional
Financial
Services
-
6.83%
Northern
Trust
Corp.
2,476
451,102
Virtu
Financial,
Inc.
-
Class
A
8,100
475,713
926,815
Insurance
-
6.59%
Assurant,
Inc.
1,830
510,918
Hartford
Financial
Services
Group,
Inc.
(The)
2,702
383,441
894,359
HEALTH
CARE
-
18.31%
Biotech
&
Pharma
-
10.00%
Exelixis
,
Inc.
(a)(b)
11,874
629,678
Jazz
Pharmaceuticals
PLC
(b)
2,169
548,453
Viatris
,
Inc.
10,205
179,200
1,357,331
Health
Care
Facilities
&
Services
-
8.31%
Cardinal
Health,
Inc.
2,711
623,611
Quest
Diagnostics,
Inc.
2,165
504,467
1,128,078
INDUSTRIALS
-
26.27%
Aerospace
&
Defense
-
2.93%
TransDigm
Group,
Inc.
317
397,638
Commercial
Support
Services
-
3.60%
Republic
Services,
Inc.
2,323
489,108
Electrical
Equipment
-
4.86%
BWX
Technologies,
Inc.
2,070
349,209
Rockwell
Automation,
Inc.
645
309,652
658,861
Industrial
Support
Services
-
4.92%
Applied
Industrial
Technologies,
Inc.
1,936
668,327
Machinery
-
9.96%
Curtiss-Wright
Corp.
628
454,672
ESAB
Corp.
2,137
184,915
Nordson
Corp.
1,839
547,617
Rock
Oak
Core
Growth
Fund
Schedule
of
Investments
(continued)
July
31,
2026
(Unaudited)
COMMON
STOCKS
-
98.13%
(Continued)
Shares
Fair
Value
INDUSTRIALS
-
26.27%
(Continued)
Machinery
-
9.96%
(Continued)
Symbotic
,
Inc.
(b)
3,808
$
163,934
1,351,138
MATERIALS
-
10.09%
Chemicals
-
3.97%
CF
Industries
Holdings,
Inc.
4,307
539,193
Construction
Materials
-
3.33%
Carlisle
Companies,
Inc.
1,255
451,700
Metals
&
Mining
-
2.79%
Newmont
Corp.
4,046
379,151
TECHNOLOGY
-
15.53%
Software
-
2.76%
Veeva
Systems,
Inc.
-
Class
A
(b)
900
183,402
Zscaler,
Inc.
(b)
1,264
191,117
374,519
Technology
Hardware
-
8.71%
F5,
Inc.
(b)
1,445
581,714
NetApp,
Inc.
3,363
600,295
1,182,009
Technology
Services
-
4.06%
Amdocs
Ltd.
3,602
200,703
Paychex,
Inc.
3,000
350,520
551,223
TOTAL
COMMON
STOCKS
(Cost $7,211,844)
13,318,813
SHORT-TERM
INVESTMENTS
-
9.79%
Shares
or
Principal
($)
Fair
Value
REPURCHASE
AGREEMENTS
-
1.88%
Tri-Party
Repurchase
Agreement
with
South
Street
Securities
LLC
and
Bank
of
New
York
Mellon,
3.25%,
dated
7/31/2026
and
maturing
8/3/2026,
collateralized
by
U.S.
Treasury
Securities
with
rates
ranging
from
3.50%
to
4.25%
and
maturity
dates
ranging
from
10/31/2027
to
3/31/2030
with
a
par
value
of
$259,936
and
a
collateral
value
of
$260,081
254,980
254,980
COLLATERAL
FOR
SECURITIES
LOANED
-
7.91%
Mount
Vernon
Liquid
Assets
Portfolio,
LLC,
3.74%
(c)
1,073,328
1,073,328
TOTAL
SHORT-TERM
INVESTMENTS
(Cost $1,328,308)
1,328,308
TOTAL
INVESTMENTS
-
107.92%
(Cost
$8,540,152)
14,647,121
Liabilities
in
Excess
of
Other
Assets - (7.92)%
(1,074,525)
NET
ASSETS
-
100.00%
$
13,572,596
(a)
Security,
or
a
portion
of
the
security
position,
is
currently
on
loan.
The
total
Fair
Value
of
securities
on
loan
is
$1,010,511.
(b)
Non-income
producing
security.
Rock
Oak
Core
Growth
Fund
Schedule
of
Investments
(continued)
July
31,
2026
(Unaudited)
(c)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
July
31,
2026.
River
Oak
Discovery
Fund
Schedule
of
Investments
July
31,
2026
(Unaudited)
COMMON
STOCKS
-
93.86%
Shares
Fair
Value
CONSUMER
DISCRETIONARY
-
2.03%
Retail
-
Discretionary
-
2.03%
Asbury
Automotive
Group,
Inc.
(a)(b)
1,665
$
385,780
ENERGY
-
2.49%
Oil
&
Gas
Producers
-
2.49%
Chord
Energy
Corp.
3,385
475,186
FINANCIALS
-
16.99%
Asset
Management
-
6.06%
AllianceBernstein
Holding
LP
17,837
655,688
Artisan
Partners
Asset
Management,
Inc.
-
Class
A
12,702
498,427
1,154,115
Banking
-
3.37%
Axos
Financial,
Inc.
(a)
6,342
643,142
Insurance
-
7.56%
CNO
Financial
Group,
Inc.
14,742
812,137
Selective
Insurance
Group,
Inc.
6,631
628,552
1,440,689
HEALTH
CARE
-
9.09%
Biotech
&
Pharma
-
2.22%
Innoviva,
Inc.
(a)
17,789
373,035
Telix
Pharmaceuticals
Ltd.
-
ADR
(a)
5,000
49,450
422,485
Health
Care
Facilities
&
Services
-
2.74%
Oscar
Health,
Inc.
-
Class
A
(a)
16,726
522,186
Medical
Equipment
&
Devices
-
4.13%
Lantheus
Holdings,
Inc.
(a)(b)
7,909
788,053
INDUSTRIALS
-
21.00%
Aerospace
&
Defense
-
1.10%
AeroVironment,
Inc.
(a)(b)
1,406
210,014
Commercial
Support
Services
-
9.00%
Korn
Ferry
(b)
9,159
753,511
V2X,
Inc.
(a)
10,668
962,680
1,716,191
Industrial
Intermediate
Prod
-
1.38%
Valmont
Industries,
Inc.
(b)
546
263,008
Industrial
Support
Services
-
5.02%
Applied
Industrial
Technologies,
Inc.
2,770
956,232
Machinery
-
4.50%
ESAB
Corp.
4,760
411,883
Kadant,
Inc.
1,448
445,260
857,143
TECHNOLOGY
-
42.26%
Semiconductors
-
20.78%
Ambarella,
Inc.
(a)
6,083
523,138
Cirrus
Logic,
Inc.
(a)
3,943
510,027
River
Oak
Discovery
Fund
Schedule
of
Investments
(continued)
July
31,
2026
(Unaudited)
COMMON
STOCKS
-
93.86%
(Continued)
Shares
Fair
Value
TECHNOLOGY
-
42.26%
(Continued)
Semiconductors
-
20.78%
(Continued)
Cohu,
Inc.
(a)
16,563
$
794,858
Diodes,
Inc.
(a)
6,620
544,959
Kulicke
&
Soffa
Industries,
Inc.
8,162
728,051
Silicon
Motion
Technology
Corp.
-
ADR
3,384
858,182
3,959,215
Software
-
16.80%
ACI
Worldwide,
Inc.
(a)
8,554
490,401
Adeia,
Inc.
20,655
550,456
Clear
Secure,
Inc.
-
Class
A
10,138
560,023
Commvault
Systems,
Inc.
(a)
4,655
548,359
Figma,
Inc.
-
Class
A
(a)(b)
10,382
252,490
Freshworks,
Inc.
-
Class
A
(a)
36,297
412,152
Pegasystems,
Inc.
12,716
388,474
3,202,355
Technology
Services
-
4.68%
Booz
Allen
Hamilton
Holding
Corp.
3,423
238,652
Insight
Enterprises,
Inc.
(a)
5,065
653,030
891,682
TOTAL
COMMON
STOCKS
(Cost $10,861,014)
17,887,476
SHORT-TERM
INVESTMENTS
-
16.41%
Shares
or
Principal
($)
Fair
Value
REPURCHASE
AGREEMENTS
-
6.20%
Tri-Party
Repurchase
Agreement
with
South
Street
Securities
LLC
and
Bank
of
New
York
Mellon,
3.25%,
dated
7/31/2026
and
maturing
8/3/2026,
collateralized
by
U.S.
Treasury
Securities
with
rates
ranging
from
3.50%
to
4.25%
and
maturity
dates
ranging
from
10/31/2027
to
3/31/2030
with
a
par
value
of
$1,204,222
and
a
collateral
value
of
$1,204,893
1,181,262
1,181,262
COLLATERAL
FOR
SECURITIES
LOANED
-
10.21%
Mount
Vernon
Liquid
Assets
Portfolio,
LLC,
3.74%
(c)
1,945,252
1,945,252
TOTAL
SHORT-TERM
INVESTMENTS
(Cost $3,126,514)
3,126,514
TOTAL
INVESTMENTS
-
110.27%
(Cost
$13,987,528)
21,013,990
Liabilities
in
Excess
of
Other
Assets - (10.27)%
(1,957,412)
NET
ASSETS
-
100.00%
$
19,056,578
(a)
Non-income
producing
security.
(b)
Security,
or
a
portion
of
the
security
position,
is
currently
on
loan.
The
total
Fair
Value
of
securities
on
loan
is
$1,901,496.
(c)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
July
31,
2026.
ADR
-
American
Depositary
Receipt
Red
Oak
Technology
Select
Fund
Schedule
of
Investments
July
31,
2026
(Unaudited)
COMMON
STOCKS
-
99.76%
Shares
Fair
Value
COMMUNICATIONS
-
15.59%
Internet
Media
&
Services
-
15.59%
Alphabet,
Inc.
-
Class
A
43,000
$
15,313,590
Alphabet,
Inc.
-
Class
C
201,720
71,943,438
Meta
Platforms,
Inc.
-
Class
A
44,425
24,731,842
Netflix,
Inc.
(a)
135,000
9,680,850
121,669,720
CONSUMER
DISCRETIONARY
-
9.16%
E-Commerce
Discretionary
-
9.16%
Amazon.com,
Inc.
(a)
263,000
71,425,540
INDUSTRIALS
-
5.25%
Aerospace
&
Defense
-
2.37%
Lockheed
Martin
Corp.
-
Class
B
31,728
18,489,175
Electrical
Equipment
-
2.88%
Amphenol
Corp.
-
Class
A
140,000
22,498,000
TECHNOLOGY
-
69.76%
Semiconductors
-
32.54%
Advanced
Micro
Devices,
Inc.
(a)
90,000
42,853,500
ASML
Holding
NV
-
NY
Registry
Shares
-
ADR
10,171
16,568,559
Broadcom,
Inc.
156,719
61,007,572
KLA
Corp.
287,500
52,560,750
NVIDIA
Corp.
268,000
53,801,000
NXP
Semiconductors
NV
93,550
21,437,918
QUALCOMM,
Inc.
38,200
5,638,702
253,868,001
Software
-
15.49%
Adobe
Systems,
Inc.
(a)
60,235
15,083,446
Akamai
Technologies,
Inc.
(a)
101,780
11,723,021
Cadence
Design
Systems,
Inc.
(a)
23,052
7,838,141
Intuit,
Inc.
15,843
5,007,497
Microsoft
Corp.
99,403
46,194,562
Oracle
Corp.
29,054
3,773,243
Synopsys,
Inc.
(a)
60,970
23,702,697
Workday,
Inc.
-
Class
A
(a)
47,076
7,548,166
120,870,773
Technology
Hardware
-
15.33%
Apple,
Inc.
106,078
32,768,555
Cisco
Systems,
Inc.
500,000
57,995,000
NetApp,
Inc.
161,334
28,798,119
119,561,674
Technology
Services
-
6.40%
MasterCard,
Inc.
-
Class
A
29,642
16,987,830
Visa,
Inc.
-
Class
A
90,000
32,951,700
49,939,530
TOTAL
COMMON
STOCKS
(Cost $197,424,480)
778,322,413
Red
Oak
Technology
Select
Fund
Schedule
of
Investments
(continued)
July
31,
2026
(Unaudited)
SHORT-TERM
INVESTMENTS
-
0.34%
Shares
or
Principal
($)
Fair
Value
REPURCHASE
AGREEMENTS
-
0.34%
Tri-Party
Repurchase
Agreement
with
South
Street
Securities
LLC
and
Bank
of
New
York
Mellon,
3.25%,
dated
7/31/2026
and
maturing
8/3/2026,
collateralized
by
U.S.
Treasury
Securities
with
rates
ranging
from
3.50%
to
4.25%
and
maturity
dates
ranging
from
10/31/2027
to
3/31/2030
with
a
par
value
of
$2,710,939
and
a
collateral
value
of
$2,712,450
2,659,251
$
2,659,251
TOTAL
SHORT-TERM
INVESTMENTS
(Cost $2,659,251)
2,659,251
TOTAL
INVESTMENTS
-
100.10%
(Cost
$200,083,731)
780,981,664
Liabilities
in
Excess
of
Other
Assets - (0.10)%
(773,806)
NET
ASSETS
-
100.00%
$
780,207,858
(a)
Non-income
producing
security.
ADR
-
American
Depositary
Receipt
Black
Oak
Emerging
Technology
Fund
Schedule
of
Investments
July
31,
2026
(Unaudited)
COMMON
STOCKS
-
96.41%
Shares
Fair
Value
COMMUNICATIONS
-
1.82%
Entertainment
Content
-
1.82%
AppLovin
Corp.
-
Class
A
(a)
3,000
$
1,187,700
CONSUMER
DISCRETIONARY
-
3.44%
E-Commerce
Discretionary
-
3.44%
MercadoLibre,
Inc.
(a)
1,200
2,253,540
HEALTH
CARE
-
2.30%
Medical
Equipment
&
Devices
-
2.30%
Intuitive
Surgical,
Inc.
(a)
4,259
1,504,832
INDUSTRIALS
-
8.66%
Electrical
Equipment
-
3.40%
Advanced
Energy
Industries,
Inc.
7,691
2,226,698
Industrial
Support
Services
-
5.26%
Applied
Industrial
Technologies,
Inc.
9,964
3,439,673
TECHNOLOGY
-
80.19%
Information
Technology
-
1.88%
Paylocity
Holdings
Corp.
(a)
8,930
1,231,402
Semiconductors
-
49.40%
Advanced
Micro
Devices,
Inc.
(a)
11,254
5,358,592
Cirrus
Logic,
Inc.
(a)
21,731
2,810,905
Cohu,
Inc.
(a)
54,077
2,595,155
Diodes,
Inc.
(a)
25,770
2,121,386
KLA
Corp.
21,380
3,908,692
Kulicke
&
Soffa
Industries,
Inc.
39,645
3,536,334
Lam
Research
Corp.
11,821
3,463,790
NVIDIA
Corp.
20,660
4,147,495
Silicon
Motion
Technology
Corp.
-
ADR
17,240
4,372,064
32,314,413
Software
-
21.55%
Clear
Secure,
Inc.
-
Class
A
39,795
2,198,276
Crowdstrike
Holdings,
Inc.
-
Class
A
(a)
22,304
4,256,941
Nutanix,
Inc.
-
Class
A
(a)
22,162
1,307,780
Palantir
Technologies,
Inc.
-
Class
A
(a)
3,840
472,550
PTC,
Inc.
(a)
6,386
876,159
Salesforce,
Inc.
10,029
1,845,537
UiPath,
Inc.
-
Class
A
(a)(b)
55,510
708,308
Veeva
Systems,
Inc.
-
Class
A
(a)
6,396
1,303,377
Zscaler,
Inc.
(a)
7,452
1,126,742
14,095,670
Technology
Hardware
-
5.63%
F5,
Inc.
(a)
9,141
3,679,892
Technology
Services
-
1.73%
Amdocs
Ltd.
20,298
1,131,005
TOTAL
COMMON
STOCKS
(Cost $22,045,689)
63,064,825
Black
Oak
Emerging
Technology
Fund
Schedule
of
Investments
(continued)
July
31,
2026
(Unaudited)
SHORT-TERM
INVESTMENTS
-
4.73%
Shares
or
Principal
($)
Fair
Value
REPURCHASE
AGREEMENTS
-
3.66%
Tri-Party
Repurchase
Agreement
with
South
Street
Securities
LLC
and
Bank
of
New
York
Mellon,
3.25%,
dated
7/31/2026
and
maturing
8/3/2026,
collateralized
by
U.S.
Treasury
Securities
with
rates
ranging
from
3.50%
to
4.25%
and
maturity
dates
ranging
from
10/31/2027
to
3/31/2030
with
a
par
value
of
$2,439,323
and
a
collateral
value
of
$2,440,682
2,392,814
2,392,814
COLLATERAL
FOR
SECURITIES
LOANED
-
1.07%
Mount
Vernon
Liquid
Assets
Portfolio,
LLC,
3.74%
(c)
700,664
700,664
TOTAL
SHORT-TERM
INVESTMENTS
(Cost $3,093,478)
3,093,478
TOTAL
INVESTMENTS
-
101.14%
(Cost
$25,139,167)
66,158,303
Liabilities
in
Excess
of
Other
Assets - (1.14)%
(747,344)
NET
ASSETS
-
100.00%
$
65,410,959
(a)
Non-income
producing
security.
(b)
Security,
or
a
portion
of
the
security
position,
is
currently
on
loan.
The
total
Fair
Value
of
securities
on
loan
is
$701,213.
(c)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
July
31,
2026.
ADR
-
American
Depositary
Receipt
Live
Oak
Health
Sciences
Fund
Schedule
of
Investments
July
31,
2026
(Unaudited)
COMMON
STOCKS
-
97.50%
Shares
Fair
Value
HEALTH
CARE
-
97.50%
Biotech
-
29.51%
Amgen,
Inc.
7,077
$
2,725,777
Exelixis,
Inc.
(a)
52,445
2,781,158
Gilead
Sciences,
Inc.
15,105
1,966,822
Incyte
Corp.
(a)
15,511
1,853,875
Regeneron
Pharmaceuticals,
Inc.
3,260
2,486,174
United
Therapeutics
Corp.
(a)
5,543
2,869,667
Vertex
Pharmaceuticals,
Inc.
(a)
3,831
1,827,770
16,511,243
Health
Care
Facilities
-
3.88%
National
HealthCare
Corp.
(b)
9,612
2,172,600
Health
Care
Services
-
6.00%
Labcorp
Holdings,
Inc.
4,153
1,284,108
Medpace
Holdings,
Inc.
(a)
3,593
2,073,556
3,357,664
Health
Care
Supply
Chain
-
18.37%
Cardinal
Health,
Inc.
14,297
3,288,739
Cencora,
Inc.
8,034
2,501,305
Cigna
Corp.
6,955
1,940,793
McKesson
Corp.
2,973
2,545,453
10,276,290
Large
Pharmaceuticals
-
20.17%
Bristol-Myers
Squibb
Co.
34,526
2,254,893
Eli
Lilly
&
Co.
970
1,114,375
Johnson
&
Johnson
8,261
2,117,707
Merck
&
Co.,
Inc.
13,629
1,774,496
Novartis
AG
-
ADR
16,784
2,620,822
Novo
Nordisk
A/S
-
ADR
29,943
1,409,716
11,292,009
Managed
Care
-
1.09%
Elevance
Health,
Inc.
1,621
609,237
Medical
Devices
-
5.00%
Medtronic
PLC
19,761
1,687,392
Stryker
Corp.
3,396
1,106,077
2,793,469
Medical
Equipment
-
7.69%
Intuitive
Surgical,
Inc.
(a)
4,755
1,680,084
Lantheus
Holdings,
Inc.
(a)(b)
26,355
2,626,013
4,306,097
Specialty
&
Generic
Pharmaceuticals
-
5.79%
Jazz
Pharmaceuticals
PLC
(a)
12,812
3,239,642
TOTAL
COMMON
STOCKS
(Cost $25,793,842)
54,558,251
Live
Oak
Health
Sciences
Fund
Schedule
of
Investments
(continued)
July
31,
2026
(Unaudited)
Shares
or
Princi
Fair
Value
SHORT-TERM
INVESTMENTS
-
8.52%
REPURCHASE
AGREEMENTS
-
6.93%
Tri-Party
Repurchase
Agreement
with
South
Street
Securities
LLC
and
Bank
of
New
York
Mellon,
3.25%,
dated
7/31/2026
and
maturing
8/3/2026,
collateralized
by
U.S.
Treasury
Securities
with
rates
ranging
from
3.50%
to
4.25%
and
maturity
dates
ranging
from
10/31/2027
to
3/31/2030
with
a
par
value
of
$3,954,223
and
a
collateral
value
of
$3,956,427
3,878,830
$
3,878,830
COLLATERAL
FOR
SECURITIES
LOANED
-
1.59%
Mount
Vernon
Liquid
Assets
Portfolio,
LLC,
3.74%
(c)
889,369
889,369
TOTAL
SHORT-TERM
INVESTMENTS
(Cost $4,768,199)
4,768,199
TOTAL
INVESTMENTS
-
106.02%
(Cost
$30,562,041)
59,326,450
Liabilities
in
Excess
of
Other
Assets - (6.02)%
(3,368,801)
NET
ASSETS
-
100.00%
$
55,957,649
(a)
Non-income
producing
security.
(b)
Security,
or
a
portion
of
the
security
position,
is
currently
on
loan.
The
total
Fair
Value
of
securities
on
loan
is
$858,591.
(c)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
July
31,
2026.
ADR
-
American
Depositary
Receipt