Schedule of Investments
February 28, 2021 (unaudited)
Tanaka Growth Fund
		Shares or Principal
Security Description		Amount ($)		Fair Value ($)(1)
Common Stocks - 77.25%
Accident & Health Insurance - 2.88%
Aflac, Inc.		12,100		579,469
Asset Management - 1.09%
Carlyle Group, Inc.		6,375		218,344
Beverages - 0.64%
PepsiCo, Inc.		1,000		129,190
Credit Services - 0.99%
MasterCard, Inc. Class A		560		198,156
Electronic Computers - 14.18%
Apple, Inc.		23,528		2,853,005
Industrial Organic Chemicals - 17.08%
Amyris, Inc. (2)		248,997		3,436,159
Information Technology Services - 1.15%
Accenture PLC Class A		925		232,083
Measuring & Controlling Device - 4.59%
Onto Innovation, Inc.  (2)		14,783		923,346
Motor Vehicle Parts & Accessories - 1.24%
Honeywell International, Inc.		1,230		248,891
Motor Vehicles & Passenger Car - 4.08%
Tesla Motors, Inc. (2)		1,215		820,733
Oil & Gas Field Exploration Se - 3.14%
NexGen Energy Ltd. (2)		178,945		630,643
Pharmaceutical Preparations - 8.70%
BeyondSpring, Inc.  (2)		55,080		714,938
Catalyst Pharmaceuticals, Inc.  (2)		69,598		270,736
Corcept Therapeuticals, Inc. (2)		16,655		418,873
Ionis Pharmaceuticals, Inc.  (2)		6,590		345,316
				1,749,863
Radio & TV Broadcasting & Communications Equipment - 4.15%
Qualcomm, Inc.		6,123		833,891
Retail-Catalog & Mail-Order Houses - 1.74%
Amazon.com, Inc.  (2)		113		349,501
Security Brokers, Dealers & Flotation Companies - 3.19%
Stifel Financial Corp.		10,510		641,951
Semiconductors & Related Devices - 2.40%
NVIDIA Corp.		185		101,487
Tower Semiconductors Ltd. (Israel)  (2)		13,005		382,217
				483,704
Services-Computer Programming, Data Processing, Etc. - 0.86%
Facebook, Inc. Class A  (2)		670		172,605
Specialty Chemicals - 1.47%
Nanoco Group PLC (United Kingdom)  (2)		1,400,668		294,939
Television Broadcasting Stations - 3.69%
ViacomCBS, Inc. Class B		11,505		741,957
Total Common Stock		(Cost $                6,434,315)		15,538,430
Short-Term Investments - 22.46%
Huntington Conservative Deposit Account (5)		4,518,302		4,518,302
Total Short-Term Investment Companies		4,518,302		4,518,302
Total Investments - 99.72%		(Cost $              10,952,617)		20,056,732
Other Assets less Liabilities - .28%				56,792
Total Net Assets - 100.00%				20,113,524
(1)  Statement on Financial Accounting Standard No. 157 "Fair Value Measurements" - Various inputs are used in determining the value of the Fund's investments.
These inputs are summarized in the three broad levels listed below.
• Level 1 - quoted prices in active markets for identical securities
• Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
• Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)
The following is a summary of the inputs used as of February 28, 2021 in valuing the Fund's assets carried at fair value:
		Investments in		Other Financial
Valuation Inputs		Securities		Instruments (9)
Level 1 - Quoted Prices	$	20,056,732	$	-
Level 2 - Other Significant Observable Inputs				-
Level 3 - Significant Unobservable Inputs				-
Total	$	20,056,732	$	0
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term
debt instruments and repurchase agreements with a maturity of less than 60 days are valued using amortized cost, in accordance with rules under the Investment
Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active
market, such securities are reflected as Level 2.
(2)  Represents non-income producing securities.
(3)  Notional Value is calculated by multiplying outstanding shares by the spot price at February 28, 2021.
(4)  Investment purchased with cash received as securities lending collateral. The yield shown represents the 7-day yield in effect at February 28, 2021.
(5)  Investment in affiliate. The yield shown represents the 7-day yield in effect at February 28, 2021.
(6)  Assets of affiliates to the Conservative Allocation Fund held for the benefit of the Fund's Trustees in connection with the Trustees Deferred Compensation Plan.
(7)  Fair valued security deemed as Level 3 security.
(8)  Exchange-traded fund.
(9)  Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures contracts, which are valued at the unrealized
appreciation/depreciation on the instrument.