Dear Shareholders and Friends:
This year, the Oak Associates Funds, which we launched with the opening of White Oak and Pin Oak in 1992, celebrated their 25-year anniversary. We want to sincerely thank you for your relationship and for your part in our firm’s history.
The investment philosophy upon which Oak was founded continues to drive our decision-making every day: We are long-term investors, concentrating in our best sector and stock ideas; we keep portfolio turnover low; we invest in attractively-priced stocks. The decisions we make are for the long-term benefit of our shareholders’ portfolios, not for short-term results.
All this said, we’re not afraid to make adjustments or challenge the inputs to our investment process. Our culture at Oak is one in which we continually strive to improve our craft and humbly aspire to be even better investors in the future.
Thank you again for your relationship with Oak and for the privilege of managing your money.
Oak Associates Funds
December 29, 2017
The statements and opinions expressed are those of the author and do not represent the opinions of Oak Associates or Ultimus Fund Distributors, LLC. All information is historical and not indicative of future results and is subject to change. Reader should not assume that an investment in the securities mentioned was profitable or would be profitable in the future. This information is not a recommendation to buy or sell.
Mutual fund investing involves risk, including possible loss of principal. Small cap investments typically exhibit higher volatility. Emerging markets involve heightened risks related to the same factors, in addition to those associated with their relatively small size and lesser liquidity.
One cannot invest directly in an index.
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 call 1-888-462-5386.
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 calling 1-888-462-5386.
Oak Associates Funds are distributed by Ultimus Funds Distributors, LLC. Ultimus Fund Distributors, LLC and Oak Associates Funds are separate and unaffiliated.