INTRODUCTION Oak Associates, ltd., an Ohio limited liability company, is a SEC-registered investment management firm formed in 1985 with its principal place of business located in Akron, Ohio. The principal owners of Oak Associates are Margaret Ballinger and Robert Stimpson. INVESTMENT SUPERVISORY SERVICES Oak Associates provides investment supervisory services, which include giving continuous advice as to the investment of funds based on Oak Associates' discretionary authority over and ongoing supervisory or management services with respect to clients' accounts, performed in accordance with the growth equity strategy employed by Oak Associates with respect to all funds invested on behalf of its clients. INDIVIDUAL AND INSTITUTIONAL ADVISORY SERVICES Oak Associates encourages communications with clients involving reviews of portfolio investments and objectives for each managed account. In conjunction with personal consultations to informally review and confirm Oak Associates' investment strategy for each account, Oak Associates encourages telephone consultations in order to discuss portfolio investments resulting from the investment strategy. Oak Associates implements the investment strategy through execution of orders in the client's account and provides on-going monitoring and management services. The firm provides these services to individuals, corporations, pension and profit-sharing plans, investment companies, trusts, estates, foundations, endowments and charitable organizations, among other institutions. INVESTMENT COMPANY ADVISORY SERVICES Oak Associates also provides investment advisory services to the Oak Associates Funds, a registered, open-end investment company which includes the following funds (“Oak Funds”): White Oak Select Growth Fund, Pin Oak Equity Fund, Rock Oak Core Growth, River Oak Discovery Fund, Red Oak Technology Select Fund, Black Oak Emerging Technology Fund, and Live Oak Health Sciences Fund. Oak Associates also provides advisory services and acts as sub-adviser to other investment managers. Oak may offer customized investment strategies at the client’s request. WRAP FEE PROGRAMS Under wrap fee programs, Oak Associates acts as a sub-adviser for the program sponsor. There is an agreement for services between Oak Associates and the wrap fee sponsor to provide portfolio management services to those program clients who select Oak Associates based upon their needs and circumstances. The client pays a single fee to the sponsor for all services under the program including: - the sponsor’s custodial services, - execution services, - advisory services, including Oak Associates' advisory fee, - monitoring of sub-advisers, including Oak Associates, - reconciliation, and - reviews and reports. There is no direct contract between the “client” and Oak Associates. Oak Associates' authority to provide services is contained in the agreement with the sponsor. For each client sent to Oak Associates under the program, we will review the client profile that the client provides the sponsor for suitability determination prior to providing services to the client. Oak Associates may reject accounts if there are unreasonable restrictions placed upon the firm or if it appears the client’s financial profile is inconsistent with the services available under the program. As clients pre-pay for services in the form of a wrap fee, our Firm generally has brokerage

discretion; however, because additional commissions are incurred only when trading away from the sponsor, wrap fee client trades will almost always be executed through the sponsor. Oak Associates has created four strategies which are designed to meet a particular investment goal which Oak Associates has determined is appropriate for the wrap fee programs. The four strategies are: - Large Cap Growth - All Technology - Small Cap Growth - Technology Select Once the appropriate strategy has been determined, the portfolio will be continuously managed based on the investment strategy selected, rather than on each client’s individual needs. However, each client will have the opportunity to place reasonable restrictions on the types of investments to be held in the portfolio. Oak Associates reserves the right to reject client accounts with unreasonable investment restrictions. All accounts within the wrap fee programs are managed by Oak Associates for the program sponsors on a discretionary basis. Although clients are treated individually and clients may impose reasonable investment restrictions upon Oak Associates in the selection of securities, all wrap client accounts must be suitable for one or more of these strategies available under the program. Oak Associates will liquidate all securities in the account without consideration of taxes and will purchase with available cash the securities selected within the strategy for any client. One of the primary benefits of participating in wrap fee programs is the availability of Oak Associates’ professional portfolio management services at lower minimum account sizes when compared to institutional or other accounts which Oak Associates manages. The difference between the management of a wrap fee program account and an individually managed portfolio with a higher minimum is that an individually managed portfolio can be managed according to the client’s specific situations such as taking the tax effect of trading into account, whereas the portfolios in the wrap fee programs are managed to a specific model and the tax effect of trading is not considered. MODEL DELIVERY PROGRAMS Under a model delivery program, Oak Associates’ role is limited to providing another investment advisory firm (the “Advisor”) with non-discretionary investment advice in the form of model portfolios in connection with its management of its clients’ accounts. The implementation of, or reliance on, a strategy is left to the discretion of the Advisor. Oak Associates is not responsible for determining the securities to be purchased, held, and sold for another investment advisor’s clients’ account(s), nor is Oak Associates responsible for determining the suitability or appropriateness of a particular strategy or any securities included therein for any of the Advisor’s clients. Oak Associates does not place trade orders for any of the Advisor’s clients’ account(s). Information and other marketing materials provided to another investment advisory firm by Oak Associates including holdings, performance and other characteristics may not be indicative of a client’s actual experience from an account managed under a model delivery approach. The four strategies described above under wrap fee programs are also available for model delivery programs. ASSETS UNDER MANAGEMENT As of December 31, 2023, Oak managed approximately $1,500,600,000 in client assets on a discretionary basis and $65,103 on a non-discretionary basis.