In addition to acting as Adviser to the Fund, Oak Value also provides investment advice to corporations, trusts, pension and profit sharing plans, other business and institutional accounts and individuals. Overall investment strategies are determined by Oak Value’s Investment Committee. Oak Value’s portfolio managers implement these strategies for specific portfolios based on the needs and requirements of each account.

David R. Carr, Jr. and Larry D. Coats, Jr., as co-managers for the Oak Value Fund, are responsible for the day-to-day management of the Fund’s portfolio and serve on Oak Value's Investment Committee. The two of them have been researching companies and making investment decisions together since 1994, with David's tenure at Oak Value extending all the way back to its beginnings in 1986.