Red Oak Technology Select
Red Oak Technology Select invests primarily in the stocks of established companies within the technology sector. The Fund may include small-cap companies but is more heavily weighted toward large- and mid-caps.
Inception Date
Dec 31 1998Number of Holdings
28Investment Goal
Red Oak Technology Select Fund seeks long-term capital growth.
Investment Approach
The investment process for Red Oak involves identifying what the Manager believes to be the most attractive areas within technology and narrowing the search to individual stocks. The Manager focuses on the long-term merits of an investment, placing significant weight on the durability of the business and the company’s valuation. Given the rapidly changing nature of the tech sector, a company’s competitive advantages and their sustainability are key considerations. We believe that technology is the perfect sector for our long-term approach for a number of reasons. First, this approach helps us avoid the hot stories (of which there are many in tech) whose businesses don’t have the staying power to be a profitable long-term investment. Additionally, it compels us to place a heavy emphasis on valuation, which has a surprisingly strong long-term track record within the sector.
Literature
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Red Oak Technology Select Fund Fact Sheet
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Red Oak Technology Select Fund Summary Prospectus
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Annual Report
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Semi-Annual Report
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Statutory Prospectus
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Statement of Additional Information (SAI)
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Fund Performance
| ROGSX | S&P 500 Equal Weight Information Technology Index | |
|---|---|---|
| 1 Year | -1.89 | 2.37 |
| 3 Year | 8.83 | 14.13 |
| 5 Year | 9.99 | 13.23 |
| 10 Year | 14.91 | 17.26 |
| Inception Date | Dec 31, 1998 |
| ROGSX | S&P 500 Equal Weight Information Technology Index | |
|---|---|---|
| 1 Year | -12.76 | -3.32 |
| 3 Year | 13.66 | 21.61 |
| 5 Year | 10.13 | 14.35 |
| 10 Year | 15.21 | 17.95 |
| Inception Date | Dec 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 not 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.
The S&P 500 Equal Weight Information Technology Index imposes equal weights on the index constituents included in the S&P 500 that are classified in the GICS information technology sector. One cannot invest directly in an index.
Daily
Closing price as of 05/26/2023| Share Price | $34.53 |
| Change | +0.90% |
| Year-to-Date Performance | +24.34% |
Fund Managers
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Portfolio Manager
Managing Member
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with Oak
Portfolio Holdings
As of Mar 31, 2023
| Holding | Ticker | |
|---|---|---|
| 6.6 | Alphabet, Inc. | GOOG |
| 6.6 | Apple, Inc. | AAPL |
| 6.3 | Cisco Systems, Inc. | CSCO |
| 6.0 | Microsoft Corp. | MSFT |
| 5.7 | Amazon.com, Inc. | AMZN |
| 5.7 | KLA-Tencor Corp. | KLAC |
| 5.3 | Synopsys, Inc. | SNPS |
| 5.1 | Oracle Corp. | ORCL |
| 4.4 | NXP Semiconductors NV | NXPI |
| 4.1 | QUALCOMM, Inc. | QCOM |
| 3.8 | Visa, Inc. | V |
| 3.7 | Meta Platforms, Inc. | META |
| 3.5 | VMware, Inc. | VMW |
| 3.0 | eBay, Inc. | EBAY |
| 3.0 | Accenture PLC | ACN |
| 2.6 | NetApp, Inc. | NTAP |
| 2.3 | MasterCard, Inc. | MA |
| 2.1 | Global Payments, Inc. | GPN |
| 2.1 | Qorvo, Inc. | QRVO |
| 1.9 | Akamai Technologies, Inc. | AKAM |
| 1.8 | Advanced Micro Devices, Inc. | AMD |
| 1.7 | Lockheed Martin Corp. | LMT |
| 1.7 | Microchip Technology, Inc. | MCHP |
| 1.7 | NVIDIA Corp. | NVDA |
| 1.6 | Alphabet, Inc. | GOOGL |
| 1.6 | Check Point Software Technologies Ltd. | CHKP |
| 1.0 | Amphenol Corp. | APH |
| 1.0 | Intel Corp. | INTC |
Important Risk Information:
Mutual fund investing involves risk, including the possible loss of principal. Funds that emphasize investments in technology generally will experience greater price volatility. There are additional risks associated with investing in a single-sector fund with a limited number of holdings versus a more broadly diversified portfolio, including greater sensitivity to economic, political, or regulatory developments impacting the sector. Diversification does not ensure a profit or guarantee against loss. Funds that emphasize investments in smaller or mid-sized companies may experience greater price volatility. Funds that emphasize investments in larger companies may underperform and be unable to respond quickly to new competitive challenges and may not be able to attain the high growth rate of successful smaller companies. Growth investing has the risk of being more sensitive to changes in current or expected earnings.
The security holdings are presented to illustrate examples of the securities that the fund has bought an the diversity of areas in which the funds may invest, and may not be representative of the fund's current or future investments. Portfolio holdings are subject to change and should not be considered investment advice. Current and future portfolio holdings are subject to risk.