River Oak Discovery
River Oak Discovery invests primarily in the shares of smaller companies across a broader range of economic sectors, favoring companies with specific market expertise, solid fundamentals and a sustainable competitive advantage. The Fund looks for companies with cutting-edge products, visionary management and the ability to bring innovation to new and established industries.
Inception Date
Jun 30 2005Number of Holdings
32Investment Goal
River Oak Discovery Fund seeks long-term capital growth by investing primarily in stocks of smaller companies selected for their growth potential at attractive prices.
Investment Approach
River Oak invests primarily in common stocks of small capitalization U.S. companies with equity market capitalizations of less than $5 billion that are rapidly growing and may not yet be fully discovered by Wall Street. The Fund will generally hold between 30 and 40 common stocks. The Manager utilizes a combined approach of “top-down” analysis and “bottom-up” stock selection. The “top-down” approach takes into consideration long-term investment themes such as globalization, demographics, productivity and innovation. As a result of the “top-down” analysis, the Manager identifies sectors, industries and companies which it believes should benefit from those overall themes. As part of the “bottom-up” stock selection, the investment process involves looking for individual companies with earnings growth potential that should exceed the earnings growth rate of the overall market over the long-term and that may not be fully recognized by the market. The Manager evaluates a number of different attributes, including the company’s specific market expertise or dominance, its competitive durability and pricing power; River Oak seeks companies with solid fundamentals, strong and ethical management, apparent commitment to shareholder interests, and what the Manager believes to be above-average growth potential with a sustainable competitive advantage.
The Fund is most appropriate for an investor who seeks a diversified way to participate in the growth potential of smaller capitalization companies.
Literature
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River Oak Discovery Fund Fact Sheet
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River Oak Summary Prospectus
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View PDF |
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Annual Report
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View PDF |
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Semi-Annual Report
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View PDF |
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Statutory Prospectus
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View PDF |
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Statement of Additional Information (SAI)
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View PDF |
Fund Performance
| RIVSX | Morningstar US Small Cap Index | |
|---|---|---|
| 1 Year | 60.37 | 44.89 |
| 3 Year | 18.37 | 9.75 |
| 5 Year | 14.49 | 12.18 |
| 10 Year | 13.93 | 14.17 |
| Inception Date | Jun 30, 2005 |
| RIVSX | Morningstar US Small Cap Index | |
|---|---|---|
| 1 Year | 60.37 | 44.89 |
| 3 Year | 18.37 | 9.75 |
| 5 Year | 14.49 | 12.18 |
| 10 Year | 13.93 | 14.17 |
| Inception Date | Jun 30, 2005 |
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.
River Oak Discovery Fund ("the Fund") is not sponsored, endorsed, sold or promoted by Morningstar, Inc. or any of its affiliates (all such entities, collectively, "Morningstar Entities"). The Morningstar Entities make no representation or warranty, express or implied, to individuals who invest in the Fund or any member of the public regarding the advisability of investing in equity securities generally or in the Fund in particular or the ability of the Fund to track the Morningstar U.S. Small Cap Index or general equity market performance. THE MORNINGSTAR ENTITIES DO NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF RIVER OAK DISCOVERY OR ANY DATA INCLUDED THEREIN AND MORNINGSTAR ENTITIES SHALL HAVE NO LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN. One cannot invest directly in an index.
Daily
Closing price as of 10/22/2021| Share Price | $21.05 |
| Change | -0.06% |
| Year-to-Date Performance | +20.35% |
Fund Managers
Portfolio Manager
Managing Member
experience
with Oak
Portfolio Holdings
As of Sep 30, 2021
| Holding | Ticker | |
|---|---|---|
| 6.5 | Ambarella, Inc. | AMBA |
| 5.1 | Kulicke & Soffa Industries, Inc. | KLIC |
| 4.7 | AllianceBernstein Holding LP | AB |
| 4.5 | Hollysys Automation Technologies Ltd. | HOLI |
| 4.2 | Cirrus Logic, Inc. | CRUS |
| 4.2 | Silicon Motion Technology Corp. | SIMO |
| 4.0 | Workiva, Inc. | WK |
| 3.7 | M/I Homes, Inc. | MHO |
| 3.6 | Artisan Partners Asset Management, Inc. | APAM |
| 3.4 | Kadant, Inc. | KAI |
| 3.3 | Adtalem Global Education, Inc. | ATGE |
| 3.1 | Advanced Energy Industries, Inc. | AEIS |
| 3.1 | Perficient, Inc. | PRFT |
| 3.1 | Taylor Morrison Home Corp. | TMHC |
| 3.0 | Cohu, Inc. | COHU |
| 2.8 | Diodes, Inc. | DIOD |
| 2.8 | Edgewell Personal Care Co. | EPC |
| 2.8 | Verint Systems, Inc. | VRNT |
| 2.5 | LiveRamp Holdings, Inc. | RAMP |
| 2.4 | American Public Education, Inc. | APEI |
| 2.3 | Eventbrite, Inc. | EB |
| 2.3 | Hamilton Lane, Inc. | HLNE |
| 2.2 | NextGen Healthcare, Inc. | NXGN |
| 2.1 | Barrett Business Services, Inc. | BBSI |
| 2.1 | Dime Community Bancshares, Inc. | DCOM |
| 2.1 | Cognyte Software Ltd. | CGNT |
| 2.0 | Selective Insurance Group, Inc. | SIGI |
| 1.9 | FireEye, Inc. | FEYE |
| 1.8 | CNO Financial Group, Inc. | CNO |
| 1.7 | PROG Holdings, Inc. | PRG |
| 1.4 | QuinStreet, Inc. | QNST |
| 0.4 | Aaron's Co., Inc./The | AAN |
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.