Schedule of Investments

August 31, 2026 (unaudited)

Tanaka Growth Fund

Shares or Principal

Security Description

Amount ($)

Fair Value ($)(1)

Common Stocks - 92.25%

Accident & Health Insurance - 2.45%

Aflac, Inc.

8,290

960,397

Asset Management - 2.08%

The Carlyle Group, Inc.

16,875

816,581

Base Metals - 4.03%

United States Antimony Corp. (2)

325,000

1,582,750

Beverages - 1.88%

PepsiCo, Inc.

5,250

736,785

Biotech - 12.24%

Intellia Therapeutics, Inc. (2)

124,000

1,578,520

Nuvation Bio, Inc. (2)

485,000

3,230,100

4,808,620

Credit Services - 1.89%

Mastercard, Inc.

1,260

742,531

Electronic Computers - 5.29%

Apple, Inc.

6,563

2,079,487

Fabricated Plate Work (Boiler Shops) - 0.75%

Terra Innovatum Global NV (2)

55,000

296,450

General Industrial Machinery & Equipment - 3.06%

Ouster, Inc. (2)

9,000

309,960

Symbotic, Inc. (2)

22,500

892,575

1,202,535

Internet Media & Services - 1.11%

Meta Platforms, Inc. Class A

760

434,978

Measuring & Controlling Device - 3.57%

Onto Innovation, Inc. (2)

5,253

1,403,654

Miscellaneous Electrical Machines - 1.11%

Amprius Technologies, Inc. (2)

44,000

434,720

Miscellaneous Metal Ores - 15.28%

Aura Minerals, Inc. (British Virgin Islands) #

28,250

2,361,135

Cameco Corp. (Canada) #

11,800

1,165,368

NexGen Energy Ltd. (Canada) (2) #

190,889

1,998,608

Uranium Energy Corp. (2)

39,000

477,360

6,002,471

Pharmaceutical Preparations - 15.08%

Corcept Therapeutics, Inc. (2)

52,255

5,923,104

Radio & TV Broadcasting & Communications Equipment - 2.05%

QUALCOMM, Inc.

4,723

805,177

Renewable Energy Equipment - 2.51%

Electrovaya, Inc. (Canada) (2) #

148,000

984,200

Retail-Catalog & Mail-Order Houses - 2.47%

Amazon.com, Inc. (2)

3,730

968,942

Security Brokers, Dealers & Flotation Companies - 2.46%

Stifel Financial Corp.

11,940

964,513

Semiconductors & Related Devices - 12.95%

Applied Materials, Inc.

3,870

1,773,969

nLight, Inc. (2)

5,500

232,485

NVIDIA Corp.

13,950

3,079,881

5,086,335

Total Common Stock

(Cost $        14,664,971)

36,234,230

Short-Term Investments (3) - 7.91%

Argent Institutional Trust Co. Money Market Account  - 3.53%

3,105,374

3,105,374

Total Short-Term Investment Companies

(Cost $          3,105,374)

3,105,374

Total Investments - 100.15%

(Cost $        17,767,345)

39,339,604

Liabilities in Excess of Other Assets - (0.15%)

(59,863)

Total Net Assets - 100.00%

39,279,741

(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, 2026 in valuing the Fund's assets carried at fair value:

Investments in

Other Financial

Valuation Inputs

Securities

Instruments (9)

Level 1 - Quoted Prices

$

39,339,604

-

Level 2 - Other Significant Observable Inputs

 -

-

Level 3 - Significant Unobservable Inputs

 -

-

Total

$

39,339,604

-

       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) The Money Market Account ("MMA") is a short-term investment vehicle in which the Fund holds cash balances. The MMA will bear

interest at a variable rate that is determined based on conditions and may change daily and by any amount.The coupon rate shown represents the yield at August 31, 2026.

# Total value for foreign common stock is $6,509,311, representing 16.55% of net assets.