Oak Associates

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Fourth Quarter 2009 Commentary and Year-End Review
For the full year, all Oak Funds significantly outperformed their individual benchmarks, with returns ranging from 36% on the low end to 79% for the highest-performing fund.

Economic Update: December 15, 2009
Why it is Difficult to be Bearish

2009 Manager Discussion & Analysis
Fiscal year analysis by Oak Funds portfolio managers, Jim Oelschlager, Mark Oelschlager and Robert Stimpson

TIME Magazine
Portfolio manager, Mark Oelschlager is interviewed for a TIME Magazine article about Pin Oak's 5-star ranking.

Standard & Poor's
Standard & Poor�s Gives Pin Oak Aggressive Stock Fund 5-Star Ranking.

Investor�s Business Daily
White Oak Select Growth is featured in �Mutual Fund Profile� in Investor�s Business Daily on November 24, 2009.

PR Newswire
Standard & Poor�s Gives White Oak Select Growth 5-Star Ranking

Barron's
"Hot Time for Growth Investing," by Tom Sullivan

Wall Street Journal
Four Oak Associates Funds are recognized as top performers among peers

SmartMoney.com
Pin Oak Aggressive Stock Fund is recognized in SmartMoney list of focused funds.

TheStreet.com
Pin Oak Aggressive Stock Fund is featured in TheStreet.com�s Fund Manager Five Spot.

Economic Update: September, 2009

Economic Update: June, 2009

Dow Jones
Dow Jones newswire's Tip Sheet column features River Oak Discovery Fund.

Wall Street Journal
White Oak and Pin Oak rank among top-performing funds in their respective categories for one-year performance through June 30, according to Lipper.

Reuters
Portfolio Manager, Robert Stimpson is quoted in a June 26 Reuters market report.

Investment News
Portfolio Manager, Mark Oelschlager is quoted in a feature article in the May 25, 2009 issue.

Wall Street Journal
White Oak Select Growth Fund ranks among top-performing "Large Cap Growth" funds for its one-year performance through March 31, according to Lipper.

Dow Jones
Portfolio Manager, Mark Oelschlager is quoted in a Dow Jones newswire story on the semiconductor sector.

Dow Jones
Portfolio Manager, Robert Stimpson is quoted in a Dow Jones article on technology stocks.

Bloomberg
Portfolio Manager, Robert Stimpson is quoted in an October Bloomberg report.

Bloomberg
Portfolio Manager, Robert Stimpson is quoted in a Bloomberg report on U.S. stock trading.

Oak Associates Funds are available to U.S. investors only and may not be available in all states. To determine if this Fund is an appropriate investment for you, carefully consider the Fund's investment objectives, risk factors and charges and expenses before investing. This and other information can be found in the Fund's prospectus which may be obtained by clicking here or by calling 1-888-462-5386.

Mutual fund investing involves risk, including the possible loss of principal. Oak Associates Funds are distributed by SEI Investments Distribution Co., which is not affiliated with the advisor.

Closing prices as of 2/08/2010:

White Oak	$32.24	$ -0.16
Rock Oak	$9.27	$ -0.07
Pin Oak	$23.66	$ -0.28
River Oak	$10.72	$ -0.04
Red Oak	$7.40	$ -0.03
Black Oak	$2.25	$ -0.01
Live Oak	$11.81	$ -0.04

To view standardized performance, please click on the fund name above.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. For performance data current to the most recent month end, please click on the individual fund name in the Fund Center on the homepage or call 1-888-462-5386. Holdings are subject to change.