Red Oak Technology Select Fund

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 AACN
Alliance Data Systems Corp.ADS
Amazon.com, Inc.AMZN
Apple, Inc.AAPL
Applied Materials, Inc.AMAT
Broadcom Corp. - Class ABRCM
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 IFIGXX
Google, Inc. - Class AGOOG
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 ALXK
Marvell Technology Group, Ltd.MRVL
Morgan Tri-PartyOAJ0311
Northrop Grumman Corp.NOC
Novellus Systems, Inc.NVLS
Research In Motion, Ltd.RIMM
Seagate Technology PLCSTX
Sigma Designs, Inc.SIGM
Spansion, Inc. - Class ACODE
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.