Red Oak Technology Select Fund
ROGSX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Oaks, PA 19456 New York NY United States of America 10151
- IPO Date
- Dec 31, 1998
- CIK
- 0001050918
- Website
- royceinvest.com
- Similar Companies
- Business
- Red Oak Technology Select Fund (ROGSX) is an open-end mutual fund managed by Oak Associates Ltd that seeks long-term capital growth by investing primarily in large-cap equity securities of companies whose earnings and sales growth are driven by technology-related products and services; it maintains at least 80% of its net assets in such technology sector stocks, including market leaders with strong fundamentals, attractive valuations, and commitments to shareholder capital returns, while employing a low-turnover, long-term investment approach with a focus on concentrated holdings. The fund primarily targets common stocks of U.S. companies in the technology sector, such as those developing, producing, or distributing products related to computers, semiconductors, and electronics; to a lesser extent, it may invest in equity REITs, foreign company common stocks, and American Depositary Receipts that align with its criteria. Geographically, the fund focuses on U.S. equities but maintains flexibility for limited international exposure through qualifying securities. Launched on December 31, 1998, as Oak Associates' first sector-specific fund, ROGSX is headquartered in Akron, Ohio, at Oak Associates Ltd, 3875 Embassy Parkway Suite 250, where the firm—founded in 1985—manages approximately $1.7 billion in assets across seven mutual funds and additional SMA and institutional strategies. The fund operates within the large-cap growth segment of the technology industry, serving individual investors, financial advisors, institutions, foundations, endowments, and pension plans through share classes with an expense ratio of 0.92% and a contractual fee waiver limiting total operating expenses to 1.35%. It benchmarks performance against the S&P 500 Equal Weight Information Technology Index and the S&P Composite 1500, delivering annualized returns of 18.40% since inception through December 2025. In recent developments, the fund distributed long-term capital gains of $2.0661 per share in 2024 and announced preliminary 2025 year-end estimates of $3.068857 per share as of September 30, 2025, reflecting portfolio management activities amid strong year-to-date performance of +22.75% through December 12, 2025. Oak Associates, ROGSX's adviser, marked its 40th anniversary in 2025, reaffirming its dual-concentrated, low-turnover philosophy without reported acquisitions, partnerships, funding rounds, or strategic shifts specific to the fund in 2024-2025. The firm continues to emphasize U.S. equity investing across its suite, including complementary technology and sector funds like Black Oak Technology Select, with no parent company or notable reorganizations.