Red Oak Technology Select Fund Named to Charles Schwab’s Mutual Fund OneSource Select List™ for the Third Quarter
Insights
Akron, Ohio – Aug 8, 2013
Red Oak Technology Select Fund (ROGSX) has been named to Charles Schwab’s (“Schwab”) Mutual Fund OneSource Select List™ and Schwab’s Mutual Fund Select List Advisor Edition™ for the third quarter of 2013. The Select List is a list of no-load funds that have passed a rigorous screening for performance, risk and expenses by Charles Schwab Investment Advisory, Inc. The Select List Advisor Edition™ is a list of funds available to independent investment advisors without a load or transaction fee that have distinguished themselves under a stringent quantitative and qualitative analysis by Charles Schwab Investment Advisory, Inc.
“We are honored that Red Oak has been included on these highly selective Schwab lists,” says Portfolio Manager Mark Oelschlager. “Our approach has been constant since the founding of Oak Associates. We invest with a long-term focus in a limited number of stocks and couple independent thinking with a willingness to be contrarian.”
Red Oak Technology Select Fund invests primarily in technology companies. The investment process involves identifying what the manager believes are the most attractive areas within technology and then narrowing the search to individual stocks. Stock selection is based on the assessment of a holding’s fundamental outlook and the Fund can invest in companies of any size.
About Oak Associates
The adviser to the Oak Associates Funds is Oak Associates, ltd., an independent investment management firm which specializes in low turnover, concentrated, growth investing. Founded in 1985, Oak Associates has managed equity growth portfolios for national endowments, public pension plans and private clients for over 25 years. The investment approach at Oak Associates is based on the belief in low turnover, the conviction to concentrate in a select number of holdings and a willingness to go against the crowd. The firm’s fund family includes seven no-load growth mutual funds; employees and their families are among the largest shareholders in the Oak Associates Funds.
Funds that emphasize investments in technology generally will experience greater price volatility. There are additional risks associated with investing in a single-sector fund, including greater sensitivity to economic, political, or regulatory developments impacting the sector.
IMPORTANT INFORMATION
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. Readers 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. This manager commentary represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice.
Past performance is no guarantee of future results. Investments are subject to market fluctuations, and a fund’s share price can fall because of weakness in the broad market, a particular industry, or a specific holding. 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. Click here for standardized performance.
The S&P 500 Index is a commonly-recognized, market capitalization-weighted index of 500 widely held equity securities, designed to measure broad U.S. equity performance. One cannot invest directly in an index.
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Oak Associates Funds are distributed by Ultimus Funds Distributors, LLC (Member FINRA). Ultimus Fund Distributors, LLC and Oak Associates Funds are separate and unaffiliated.