Disclosures
Oak Associates, ltd. - Large-Cap Growth (SGP) Composite Performance Disclosures

Oak Associates, ltd. is an independent investment manager registered with the U.S. Securities & Exchange Commission. Oak Associates, ltd. has prepared and presented this report in compliance with the Global Investment Performance Standards (GIPS®).

Performance returns, since 01/01/86, reflect and support the GIPS guidelines for reporting returns. Oak Associates, ltd. presentations have incorporated the following practices:

  • Performance results include the reinvestment of dividends and interest.
  • Use of accrual accounting.
  • Use of time-weighted rates of return, with monthly valuations geometrically linked for period returns.
  • Inclusion of cash equivalents in composite returns.
  • Inclusion of all actual, fee-paying, discretionary portfolios in at least one composite.
  • Asset-weighted composites use beginning-of-period values.
  • New accounts are added to the composite after one full month of management.
  • All terminated portfolios are included for all periods prior to termination and excluded for all periods after the last full month of management.
  • Performance has not been altered following any event in the firm’s organization.
  • Performance is net of trading expenses.
  • Returns are shown after investment management fees. Fees vary between accounts in the composite depending on size. Oak Associates, ltd. stated fee schedule is 100 basis points on the first $1 million, and then 75 basis points on all assets over $4 million. Special fee arrangements are considered. The deduction of management fees (net of fees) has the effect of decreasing the indicated investment performance. 

Prior to 12/21/2004, the composite is derived from all fully discretionary, tax-exempt equity accounts with assets greater than $5 million. As of 12/31/04, no account minimum is required for inclusion. The equity segment of balanced accounts under management is not included. Trade date valuation is used. No leverage has been used in the portfolios. All accounts in this composite are fee-paying. Performance results are presented before taxes. Account benchmark is the Russell 1000 Growth. A complete list and description of all composites is available upon request.


Oak Associates, ltd. - Small-Cap Growth Performance Disclosures

NOTES ON PERFORMANCE INFORMATION

Oak Associates, ltd., (“Oak Associates”) is an independent investment management firm founded in 1985 and registered as an investment adviser with the U.S. Securities and Exchange Commission based in Akron, Ohio.

Performance information represents the Oak Associates Small-Cap Growth Strategy and is the actual performance of the River Oak Discovery Fund, (“RIVSX”) a registered open-end investment company and not an actual Oak Associates performance composite. Oak Associates River Oak Fund performance is presented because the Oak Associates’ Small-Cap Growth Strategy mirrors the River Oak Fund, is managed by the same Portfolio Manager with primary responsibility and is a relevant comparison for the Small-Cap Growth Strategy.  The Small-Cap Growth Strategy is managed on a fully discretionary basis and managed according to the Small-Cap Growth Philosophy.  The Small-Cap Growth Strategy is not a "carve out" from a larger portfolio.
 
Performance returns include cash and cash equivalents and do reflect the reinvestment of dividends, interest and other earnings.  Performance is presented after the deduction, i.e., net of advisory fees and expenses and after the deduction of commissions.  The expense ratio for the River Oak Fund has been 1.35% since inception, June 2005.

The Russell 2000® Growth Index is a market capitalization-weighted index of growth-oriented stocks of U.S. domiciled companies that are included in this index.  Growth-oriented stocks tend to have higher price-to-book ratios and higher forecasted growth values. The Russell 2000® Index is the most relevant benchmarks for the Oak Associates Small-Cap Growth Strategy because of the nature of the individual securities and holdings representing the Small-Cap Growth Strategy.  The Russell 2000® Index is unmanaged and includes the reinvestment of dividends and earnings.  Individuals cannot invest directly in these indexes.

Performance results for individual client portfolios will vary due to the timing of investments, advisory fee schedules, additions/withdrawals, diversification, length of relationship, and size of positions, among other reasons.

PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS

Oak Associates, ltd.
A Focus on Growth
This page was last updated: May 6, 2010
Oak Associates, ltd.  2009
3875 Embassy Parkway - Suite 250, Akron, Ohio 44333
Main Tel: 330-668-1234 Fax: 330-668-2901
Oak Associates, ltd. is an independent investment advisor registered with the U.S. Securities & Exchange Commission.
Investment Strategies
Large-Cap Growth
Small-Cap Growth