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 June 30, 2015
Total Holdings 31
Total Fund Assets $36 million
Alliance Data SysADS
Ambarella IncAMBA
Apple Inc.AAPL
Arista Networks IncANET
Arrow ElectronicsARW
AVG Technologies NVAVG
Baidu, Inc. - ADRBIDU
Cirrus Logic, Inc.CRUS
Citrix Systems IncCTXS
Cognizant Technology Solutions Corp. - Class ACTSH
Computer AssociatesCA
Computer Sciences CoCSC
F5 Networks IncFFIV
Fortinet Inc.FTNT
Illumina IncILMN
Infoblox IncBLOX
Lam Research CorpLRCX
Mercadolibre Inc.MELI
Newport CorpNEWP
NXP SemiconductorsNXPI
Palo Alto NetworksPANW
Qualcomm, Inc.QCOM
Qualys IncQLYS
Ruckus Wireless IncRKUS, Inc.CRM
Sandisk CorpSNDK
Silicon Motion Technology Corp. - ADRSIMO
Solarwinds Inc.SWI
Western DigitalWDC

The aggregate percentage
of the top 10 holdings is: 43.25%

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 August 28, 2015
Share Price $4.24   
Change $0.02   
As of August 28, 2015
Year-to-Date Performance ‑3.64%

Monthly Performance

As of July 31, 2015
1 Year 14.39%
3 Year 18.94%
5 Year 11.79%
10 Year 7.44%
Since Inception ‑5.17%
Inception Date December 29, 2000

Quarterly Performance

As of June 30, 2015
1 Year 12.29%
3 Year 18.23%
5 Year 13.81%
10 Year 7.99%
Since Inception ‑5.13%
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.