Black Oak Emerging Technology Fund

Investment Goal

Black Oak Emerging Technology Fund seeks long-term growth by investing in stocks of companies considered to be well positioned to become market leaders among "emerging" technology companies.

Investment Approach

Black Oak seeks investments in companies that have the potential to develop or are expected to benefit from new technology or significant improvements or enhancements to existing technology. Current examples of emerging technology companies include those developing, producing, or distributing products or services related to computer networking, fiber optics and photonics, data storage, band-width enhancement, wireless and other communication technology, high speed voice, video and data transfer combinations, and health care technology.

The manager’s investment process begins with a top-down analysis of economic and industry sectors that he considers to have the best potential for emerging technology to drive long-term growth. He then focuses on the present or potential key performers in those areas, based on a highly subjective analysis of individual companies’ fundamental values such as earnings growth potential and the quality of corporate management. The investment process generally does not base stock selections on a company’s size but rather on its assessment of a company’s fundamental prospects for growth. Nonetheless, the Fund tends to own stocks of small to medium capitalization and may own stocks of new, less-established companies of any size.

Portfolio Manager

Robert D. Stimpson, CFA >>


Quarterly Factsheet

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Portfolio Holdings

As of December 31, 2014
Total Holdings 34
Total Fund Assets $35 million
3D Systems Corp.DDD
Alliance Data Systems Corp.ADS
Ambarella, Inc.AMBA
Apple, Inc.AAPL
Arista Networks, Inc.ANET
Arrow Electronics, Inc.ARW
AVG Technologies NVAVG
Baidu, Inc. - ADRBIDU
CA, Inc.CA
Cirrus Logic, Inc.CRUS
Citrix Systems, Inc.CTXS
Cognizant Technology Solutions Corp. - Class ACTSH
CommVault Systems, Inc.CVLT
Computer Sciences Corp.CSC
F5 Networks, Inc.FFIV
Fortinet, Inc.FTNT
Illumina, Inc.ILMN
Infoblox, Inc.BLOX
Lam Research Corp.LRCX
MercadoLibre, Inc.MELI, Inc. - ADRNTES
Newport Corp.NEWP
NXP Semiconductors NVNXPI
Palo Alto Networks, Inc.PANW
PDL BioPharma, Inc.PDLI
Qualcomm, Inc.QCOM
Qualys, Inc.QLYS
Ruckus Wireless, Inc.RKUS, Inc.CRM
SanDisk Corp.SNDK
Stratasys, Ltd.SSYS
Unisys Corp.UIS
Western Digital Corp.WDC

The aggregate percentage
of the top 10 holdings is: 41.27%

Fund Data

Ticker Symbol BOGSX
Minimum Investment $2,000
Min. Subsequent Investment $25
Load None
Cusip 671081404
Net Expense Ratio 1.36%
Gross Expense Ratio 1.40%

Daily Performance

As of March 26, 2015
Share Price $4.46   
Change $‑0.02   
As of March 26, 2015
Year-to-Date Performance 1.36%

Monthly Performance

As of January 31, 2015
1 Year 7.89%
3 Year 13.37%
5 Year 13.21%
10 Year 6.83%
Since Inception ‑5.91%
Inception Date December 29, 2000

Quarterly Performance

As of December 31, 2014
1 Year 11.68%
3 Year 19.48%
5 Year 11.44%
10 Year 6.25%
Since Inception ‑5.69%
Inception Date December 29, 2000

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.

All returns for periods greater than one year are annualized. If the Fund is less than 1 year old, cumulative since inception returns are shown. If the Fund is less than 10 years old, annualized return since inception is shown. All year-to-date returns are cumulative.