Investment Goal
Red Oak Technology Select Fund seeks long-term capital growth by investing primarily in stocks of companies which rely extensively on technology for their product development or operations. The Fund also seeks companies whose earnings and sales growth may be driven by technology-related products and services.
Investment Approach
Red Oak is a sector-specific mutual fund that invests primarily in technology companies that develop, produce, or distribute products or services related to computers, semi-conductors, and electronics. The manager’s investment process involves identifying what are believed to be the most attractive areas within technology and narrowing the search to individual stocks. The manager generally does not base stock selections on a company’s size, but rather on the assessment of its fundamental outlook. The manager invests with a long-term focus and seeks to keep the Fund’s portfolio turnover to a minimum relative to its peers.
Portfolio Manager
Portfolio Holdings
| As of September 30, 2011 |
| Total Holdings |
39 |
| Total Fund Assets |
$61 million |
| Accenture PLC - Class A | ACN |
| Alliance Data Systems Corp. | ADS |
| Amazon.com, Inc. | AMZN |
| Apple, Inc. | AAPL |
| Applied Materials, Inc. | AMAT |
| Broadcom Corp. - Class A | BRCM |
| CA, Inc. | CA |
| Check Point Software Technologies, Ltd. | CHKP |
| Cisco Systems, Inc. | CSCO |
| Computer Sciences Corp. | CSC |
| Dell, Inc. | DELL |
| eBay, Inc. | EBAY |
| EMC Corp. | EMC |
| Fidelity Institutional Money Market Government Portfolio - Class I | FIGXX |
| Google, Inc. - Class A | GOOG |
| Hewlett-Packard Co. | HPQ |
| Huntington Ingalls Industries, Inc. | HII |
| IAC/InterActive Corp. | IACI |
| Integrated Device Technology, Inc. | IDTI |
| Intel Corp. | INTC |
| International Business Machines Corp. | IBM |
| KLA-Tencor Corp. | KLAC |
| Lexmark International, Inc. - Class A | LXK |
| Marvell Technology Group, Ltd. | MRVL |
| Morgan Tri-Party | OAJ0311 |
| Northrop Grumman Corp. | NOC |
| Novellus Systems, Inc. | NVLS |
| Research In Motion, Ltd. | RIMM |
| Seagate Technology PLC | STX |
| Sigma Designs, Inc. | SIGM |
| Spansion, Inc. - Class A | CODE |
| Sprint Nextel Corp. | S |
| Symantec Corp. | SYMC |
| Synopsys, Inc. | SNPS |
| Texas Instruments, Inc. | TXN |
| Total System Services, Inc. | TSS |
| Western Digital Corp. | WDC |
| Xilinx, Inc. | XLNX |
| Yahoo!, Inc. | YHOO |
The aggregate percentage
of the top 10 holdings is: 44.28%
|
Fund Data
|
Ticker Symbol
|
ROGSX
|
|
Minimum Investment
|
$2,000
|
|
Min. Subsequent Investment
|
$25
|
|
Load
|
None
|
|
Cusip
|
671081305
|
|
Net Expense Ratio
|
1.35%
|
|
Gross Expense Ratio
|
1.53%
|
Daily Performance
|
As of February 3, 2012
|
|
Share Price
|
$10.49
|
|
Change
|
$0.15
|
| |
|
As of February 3, 2012
|
|
|
Year-to-Date Performance
|
12.92%
|
Monthly Performance
As of December 31, 2011
|
|
1 Year
|
2.77%
|
|
3 Year
|
28.00%
|
|
5 Year
|
5.03%
|
|
10 Year
|
‑0.32%
|
|
Since Inception
|
‑0.56%
|
|
Inception Date
|
December 31, 1998
|
Quarterly Performance
As of December 31, 2011
|
|
1 Year
|
2.77%
|
|
3 Year
|
28.00%
|
|
5 Year
|
5.03%
|
|
10 Year
|
‑0.32%
|
|
Since Inception
|
‑0.56%
|
|
Inception Date
|
December 31, 1998
|
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. Products of companies in which technology funds invest may be subject to severe competition and rapid obsolescence. *If the fund is less than 1 year old, cumulative return since inception is shown; if the fund is less than 10 years old, annualized return since inception is shown.
The Advisor has contractually agreed for a period of 1 year from the date of the prospectus to waive all or a portion of its fee for the Fund (and to reimburse expenses to the extent necessary) in order to limit Fund total operating expenses to 1.35%. The Total Annual Fund Operating Expenses for ROGSX is 1.53%.
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.