Fund Evaluator:
Black Oak Emerging Technology (BOGSX)
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Best Performing in Technology Over the Last Year
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| 86.7% | Fidelity Advisor Semiconductors Z (FIKGX) |
| 86.4% | Fidelity Advisor Semiconductors I (FELIX) |
| 83.4% | Fidelity Select Semiconductors (FSELX) |
Fund Details
Black Oak Emerging Technology Overview
Black Oak Emerging Technology (BOGSX) is an actively managed Sector Equity Technology fund. Oak Associates launched the fund in 2000.
The investment seeks long-term capital growth. The fund will invest at least 80% of its net assets, under normal circumstances, in equity securities of emerging technology companies, as determined by the Adviser. It invests primarily in common stocks of companies that the Adviser considers to be well-positioned to become market leaders among "emerging" technology companies.
About Black Oak Emerging Technology (BOGSX)
There are 2 members of the management team with an average tenure of 13.92 years: Jeffrey Travis (2019), Robert Stimpson (2006). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: S&P 500 Equal Weighted IT TR USD index with a weighting of 100%. Black Oak Emerging Technology has 27 securities in its portfolio. The top 10 holdings constitute 63.7% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Black Oak Emerging Technology is part of the Equity global asset class and is within the Sector Equity fund group. Black Oak Emerging Technology has 10.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 86.2%. There is 10.2% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Black Oak Emerging Technology has 3.6% of the portfolio in cash.
Assets Under Management
The fund has $67 million in total assets, which is below the $1 billion average for the Technology category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
BOGSX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Black Oak Emerging Technology expense ratio is high compared to funds in the Technology category. Black Oak Emerging Technology has an expense ratio of 1.05%, which is 14% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Black Oak Emerging Technology has a portfolio turnover rate of 7%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 78% for the Technology category.
Recently, in the month of August 2026, Black Oak Emerging Technology returned 3.8%, which earned it a grade of D, as the Technology category had an average return of 5.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Black Oak Emerging Technology has a trailing yield of 0.00%, which is below the 0.05% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Black Oak Emerging Technology Grades
Year to date, the fund has returned 35.7%, 8.8 percentage points better than the category, which translates into a grade of B. The fund has returned 45.4% over the past year (grade of B), 23.3% over the past three years (grade of F) and 10.1% per year over the past five years (grade of D) and 16.2% per year over the past 10 years (grade of F).
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BOGSX Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| BOGSX Return (NAV) | 3.8% | -1.5% | 45.4% | 23.3% | 10.1% | 16.2% |
| BOGSX Grade | D | C | B | F | D | F |
| +/- Category | -1.3% | 1.0% | 6.3% | -6.8% | -2.9% | -4.8% |
| Technology Avg | 5.2% | -2.5% | 39.0% | 30.1% | 13.0% | 20.9% |
| BOGSX Tax Cost Ratio | na | na | 1.3% | 1.3% | 1.4% | 1.5% |
BOGSX Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| BOGSX Return (NAV) | 35.7% | 19.1% | 9.3% | 17.8% | -27.3% | 26.6% | 45.2% | 38.2% | -5.1% | 19.0% | 16.7% |
| BOGSX Grade | B | D | F | F | A | A | D | D | D | F | A |
| +/- Category | 8.8% | -5.6% | -19.0% | -31.9% | 10.9% | 9.4% | -11.7% | -3.1% | -1.1% | -18.3% | 5.9% |
| Technology Avg | 26.9% | 24.7% | 28.3% | 49.6% | -38.2% | 17.2% | 56.9% | 41.2% | -3.9% | 37.4% | 10.8% |
| Risk Measures | |
| Standard Deviation: | 22.7% |
| Total Risk Index: | 1.87 - High |
| Category Risk Index: | 0.90 - Below Average |
| Category Risk Grade: | B (29% Rank) |
| Beta: | 1.46 |
| R-Squared: | 63% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $67 Mil |
| Fund Total Assets: | $ 68 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 7% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 20.4 years | |||
| Average Tenure: 13.9 years | |||
| Managers (Year): Stimpson Robert (2006), Travis Jeffrey (2019) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 27 |
| % in Top 10 Holdings: | 63.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 10.2% |
Portfolio Allocation |
|
| Domestic Stock: | 86.2% |
| Foreign Stock: | 10.2% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 3.6% |
Purchase Information
| Fund Family: | Oak Associates |
| Phone Number: | 888-462-5386 |
| Website: | www.oakfunds.com |
| Status: | Open |
| Inception Date: | December 29, 2000 |
| Min. Initial Purchase: | $2,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 1.05% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.23% |
| Share Class: | Black Oak Emerging Technology |
| Min. Subsequent Purchase: | $ 25 |
| Min. Subsequent IRA Purchase: | $ 0 |
