Rock Oak Core Growth
Rock Oak Core Growth invests primarily in shares of mid-size companies across a broad range of economic sectors, favoring companies with specific market expertise, solid fundamentals and a sustainable competitive advantage. The Fund looks for companies that possess pricing power and above average growth potential.
Inception Date
Dec 31 2004Number of Holdings
29Investment Goal
Rock Oak Core Growth Fund seeks long-term capital growth by investing primarily in stocks of mid capitalization companies selected for their growth potential at attractive prices.
Investment Approach
Rock Oak invests primarily in common stocks of mid capitalization U.S. companies with equity market capitalizations at the time of purchase between $5 billion and $15 billion that are selected for their growth potential. The Fund will generally hold between 30 and 40 common stocks. The Portfolio 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 the overall themes that the Adviser has observed. 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 at large. The Manager evaluates a number of different attributes, including the company’s specific market expertise or dominance, its competitive durability and pricing power, solid fundamentals, strong and ethical management, apparent commitment to shareholder interests, earnings growth rates that exceed those of the overall market and what the Manager believes to be above-average growth potential with sustainable competitive advantage.
Although the Fund is diversified, its investment strategy often involves overweighting the Fund's position in the industry sectors that we believe hold the most growth potential.
Literature
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Rock Oak Core Growth Fund Fact Sheet
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Rock Oak 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
| RCKSX | Morningstar US Mid Cap Index | |
|---|---|---|
| 1 Year | -8.97 | -4.62 |
| 3 Year | 5.57 | 12.70 |
| 5 Year | 2.23 | 9.29 |
| 10 Year | 8.40 | 11.46 |
| Inception Date | Dec 31, 2004 |
| RCKSX | Morningstar US Mid Cap Index | |
|---|---|---|
| 1 Year | -18.09 | -16.06 |
| 3 Year | 0.83 | 7.12 |
| 5 Year | 3.61 | 8.11 |
| 10 Year | 8.41 | 11.77 |
| Inception Date | Dec 31, 2004 |
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 Morningstar U.S. Mid-Cap Index tracks the performance of U.S. mid-cap stocks that fall between 70th and 90th percentile in market capitalization of the investable universe. In aggregate the Mid-Cap Index represents 20 percent of the investable universe. One cannot invest directly in an index.
Rock Oak Core Growth 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. Mid Cap Index or general equity market performance. THE MORNINGSTAR ENTITIES DO NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF ROCK OAK CORE GROWTH 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.
*Oak Associates, ltd. (the “Adviser”) has contractually agreed for a period of one year from the date of this 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 total annual Fund operating expenses after fee waivers and/or expense reimbursements, if any, to an annual rate of not more than 1.25% of average daily net assets. This contractual fee waiver may only be terminated subject to approval by the Board of Trustees of the Trust.
Daily
Closing price as of 03/29/2023| Share Price | $14.50 |
| Change | +0.23% |
| Year-to-Date Performance | -0.96% |
Fund Managers
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Portfolio Manager
Managing Member
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Portfolio Holdings
As of Dec 31, 2022
| Holding | Ticker | |
|---|---|---|
| 6.8 | Hartford Financial Services Group, Inc./The | HIG |
| 5.8 | Jazz Pharmaceuticals PLC | JAZZ |
| 4.7 | Quest Diagnostics, Inc. | DGX |
| 4.4 | Cardinal Health, Inc. | CAH |
| 4.3 | Gentex Corp. | GNTX |
| 4.3 | Nordson Corp. | NDSN |
| 4.2 | Carlisle Cos., Inc. | CSL |
| 4.0 | F5, Inc. | FFIV |
| 4.0 | Republic Services, Inc. | RSG |
| 3.5 | NetApp, Inc. | NTAP |
| 3.3 | Molina Healthcare, Inc. | MOH |
| 3.3 | Transdigm Group | TDG |
| 3.2 | Amdocs Ltd. | DOX |
| 3.1 | Cognizant Technology Solutions Corp. | CTSH |
| 3.1 | Pool Corp. | POOL |
| 3.1 | SolarEdge Technologies, Inc. | SEDG |
| 3.1 | Seagate Technology PLC | STX |
| 3.0 | Ubiquiti Networks, Inc. | UI |
| 2.9 | Exelixis, Inc. | EXEL |
| 2.8 | Coterra Energy, Inc. | CTRA |
| 2.7 | Curtiss-Wright Corp. | CW |
| 2.7 | Huntington Ingalls Industries, Inc. | HII |
| 2.6 | Thor Industries, Inc. | THO |
| 2.4 | CF Industries Holdings, Inc. | CF |
| 2.4 | Murphy USA, Inc. | MUSA |
| 2.3 | Assurant, Inc. | AIZ |
| 2.0 | Viatris, Inc. | VTRS |
| 1.7 | Esab Corp. | ESAB |
| 1.5 | Illumina, Inc. | ILMN |
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.