Paradigm Micro-Cap Fund | |||||||||
Schedule of Investments | |||||||||
March 31, 2024 (Unaudited) | |||||||||
Shares | Fair Value | % of Net Assets | |||||||
COMMON STOCKS | |||||||||
Aircraft Parts & Auxiliary Equipment, NEC | |||||||||
80,000 | Ducommun Incorporated * | $ 4,104,000 | 2.49% | ||||||
Communications Services, NEC | |||||||||
60,000 | Calix, Inc. * | 1,989,600 | 1.21% | ||||||
Computer Communications Equipment | |||||||||
200,000 | A10 Networks, Inc. | 2,738,000 | |||||||
300,000 | Extreme Networks, Inc. * | 3,462,000 | |||||||
6,200,000 | 3.76% | ||||||||
Footwear, (No Rubber) | |||||||||
140,000 | Caleres, Inc. | 5,744,200 | 3.48% | ||||||
Household Audio & Video Equipment | |||||||||
137,600 | Arlo Technologies, Inc. * | 1,740,640 | 1.06% | ||||||
Industrial Organic Chemicals | |||||||||
800,000 | Codexis, Inc. * | 2,792,000 | |||||||
5,950 | Sensient Technologies Corporation | 411,681 | |||||||
3,203,681 | 1.94% | ||||||||
Instruments For Measuring & Testing Of Electricity & Electric Signals | |||||||||
32,650 | Cohu, Inc. * | 1,088,224 | 0.66% | ||||||
Laboratory Analytical Instruments | |||||||||
301,600 | Standard BioTools Inc. * | 817,336 | 0.50% | ||||||
Measuring & Controlling Devices, NEC | |||||||||
50,000 | Onto Innovation Inc. * | 9,054,000 | 5.49% | ||||||
Mining & Quarrying of Nonmetallic Minerals (No Fuels) | |||||||||
110,000 | Summit Materials, Inc. - Class A * | 4,902,700 | 2.97% | ||||||
Miscellaneous Manufacturing Industries | |||||||||
5,200 | Hillenbrand, Inc. | 261,508 | 0.16% | ||||||
Motor Vehicle Parts & Accessories | |||||||||
140,000 | Modine Manufacturing Company * | 13,326,600 | 8.08% | ||||||
Pharmaceutical Preparations | |||||||||
300,000 | Eton Pharmaceuticals, Inc. * | 1,125,000 | |||||||
140,000 | Ocular Therapeutix Inc. * | 1,274,000 | |||||||
2,399,000 | 1.45% | ||||||||
Radio & TV Broadcasting & Communications Equipment | |||||||||
120,000 | Aviat Networks, Inc. * | 4,600,800 | |||||||
403,717 | Cambium Networks Corp. * | 1,740,020 | |||||||
6,340,820 | 3.84% | ||||||||
Retail - Apparel & Accessory Stores | |||||||||
100,000 | Citi Trends, Inc. * | 2,713,000 | |||||||
18,818 | Zumiez, Inc. * | 285,845 | |||||||
2,998,845 | 1.82% | ||||||||
Retail - Catalog & Mail-Order Houses | |||||||||
40,000 | Insight Enterprises, Inc. * | 7,420,800 | 4.50% | ||||||
Retail - Family Clothing Stores | |||||||||
13,300 | American Eagle Outfitters, Inc. | 343,007 | 0.21% | ||||||
Semiconductors & Related Devices | |||||||||
33,700 | Kulicke & Soffa Industries Inc. (Singapore) | 1,695,447 | |||||||
20,000 | Semtech Corporation * | 549,800 | |||||||
2,245,247 | 1.36% | ||||||||
Services - Computer Integrated Systems Design | |||||||||
1,200,000 | Ribbon Communications Inc. * | 3,840,000 | |||||||
150,000 | Veradigm, Inc. * | 1,155,000 | |||||||
4,995,000 | 3.03% | ||||||||
Services - Health Services | |||||||||
250,000 | The Pennant Group, Inc. * | 4,907,500 | 2.98% | ||||||
Services - Help Supply Services | |||||||||
55,000 | Cross Country Healthcare, Inc. * | 1,029,600 | |||||||
130,500 | Kelly Services, Inc. - Class A | 3,267,720 | |||||||
4,297,320 | 2.61% | ||||||||
Services - Home Health Care Services | |||||||||
19,700 | Addus HomeCare Corporation * | 2,035,798 | 1.23% | ||||||
Services - Management Services | |||||||||
300,000 | R1 RCM Inc. * | 3,864,000 | 2.34% | ||||||
Services - Miscellaneous Health & Allied Services, NEC | |||||||||
320,000 | Viemed Healthcare, Inc. * | 3,017,600 | 1.83% | ||||||
Services - Prepackaged Software | |||||||||
150,000 | Cerence Inc. * | 2,362,500 | |||||||
10,900 | Progress Software Corporation | 581,079 | |||||||
2,943,579 | 1.78% | ||||||||
Services - Services, NEC | |||||||||
400,000 | Enviri Corporation * | 3,660,000 | 2.22% | ||||||
Services - Skilled Nursing Care Facilities | |||||||||
40,000 | The Ensign Group, Inc. | 4,976,800 | 3.02% | ||||||
Special Industry Machinery (No Metalworking Machinery) | |||||||||
14,300 | Kadant Inc. | 4,691,830 | 2.85% | ||||||
Special Industry Machinery, NEC | |||||||||
40,000 | Axcelis Technologies, Inc. * | 4,460,800 | |||||||
9,800 | Azenta, Inc. * | 590,744 | |||||||
150,000 | Veeco Instruments Inc. * | 5,275,500 | |||||||
10,327,044 | 6.26% | ||||||||
Surgical & Medical Instruments & Apparatus | |||||||||
300,000 | AngioDynamics, Inc. * | 1,761,000 | |||||||
60,900 | AtriCure, Inc. * | 1,852,578 | |||||||
500,000 | MiMedx Group, Inc. * | 3,850,000 | |||||||
300,000 | Orthofix Medical, Inc. * | 4,356,000 | |||||||
119,400 | OrthoPediatrics Corp. * | 3,481,704 | |||||||
160,000 | SI-Bone, Inc. * | 2,619,200 | |||||||
300,000 | Tactile Systems Technology, Inc. * | 4,875,000 | |||||||
156,765 | TELA Bio, Inc. * | 888,858 | |||||||
20,000 | Treace Medical Concepts, Inc. * | 261,000 | |||||||
23,945,340 | 14.52% | ||||||||
Telephone & Telegraph Apparatus | |||||||||
250,000 | ADTRAN Holdings, Inc. | 1,360,000 | |||||||
600,000 | Infinera Corporation * | 3,618,000 | |||||||
4,978,000 | 3.02% | ||||||||
Women's, Misses', and Juniors Outerwear | |||||||||
165,740 | J.Jill, Inc. * | 5,298,708 | 3.21% | ||||||
Total for Common Stocks (Cost $88,608,744) | 158,118,727 | 95.88% | |||||||
CONTINGENT VALUE RIGHTS | |||||||||
300,000 | Flexion Therapeutics Contingent Value Rights * + | 126,000 | 0.08% | ||||||
Total for Contingent Value Rights (Cost $186,000) | |||||||||
MONEY MARKET FUNDS | |||||||||
7,156,730 | SEI Daily Income Trust Government Fund Institutional 4.99% ** | 7,156,730 | 4.34% | ||||||
Total for Money Market Funds (Cost $7,156,730) | |||||||||
Total Investment Securities | 165,401,457 | 100.30% | |||||||
(Cost $95,951,474) | |||||||||
Liabilities in Excess of Other Assets | (486,852) | -0.30% | |||||||
Net Assets | $164,914,605 | 100.00% | |||||||
* Non-Income Producing Securities. | |||||||||
** The rate shown represents the 7-day yield at March 31, 2024. | |||||||||
+ Level 3 |