Paradigm Value Fund | |||||||||
Schedule of Investments | |||||||||
March 31, 2024 (Unaudited) | |||||||||
Shares | Fair Value | % of Net Assets | |||||||
COMMON STOCKS | |||||||||
Air Courier Services | |||||||||
37,000 | Air Transport Services Group, Inc. * | $ 509,120 | 0.95% | ||||||
Aircraft Parts & Auxiliary Equipment, NEC | |||||||||
10,000 | Ducommun Incorporated * | 513,000 | 0.96% | ||||||
Communications Services, NEC | |||||||||
30,000 | Calix, Inc. * | 994,800 | 1.86% | ||||||
Computer Communications Equipment | |||||||||
124,300 | A10 Networks, Inc. | 1,701,667 | |||||||
40,000 | Extreme Networks, Inc. * | 461,600 | |||||||
2,163,267 | 4.04% | ||||||||
Electrical Work | |||||||||
10,400 | EMCOR Group Inc. | 3,642,080 | 6.80% | ||||||
Industrial Organic Chemicals | |||||||||
21,700 | Sensient Technologies Corporation | 1,501,423 | 2.80% | ||||||
Laboratory Analytical Instruments | |||||||||
12,500 | Revvity, Inc. | 1,312,500 | 2.45% | ||||||
Measuring & Controlling Devices, NEC | |||||||||
8,000 | Onto Innovation Inc. * | 1,448,640 | 2.70% | ||||||
Mining & Quarrying of Nonmetallic Minerals (No Fuels) | |||||||||
55,000 | Summit Materials, Inc. - Class A * | 2,451,350 | 4.57% | ||||||
Motor Vehicle Parts & Accessories | |||||||||
10,000 | Modine Manufacturing Company * | 951,900 | 1.78% | ||||||
National Commercial Banks | |||||||||
32,000 | First Merchants Corporation | 1,116,800 | |||||||
14,000 | National Bank Holdings Corporation - Class A | 504,980 | |||||||
1,621,780 | 3.03% | ||||||||
Printed Circuit Boards | |||||||||
10,000 | Jabil, Inc. | 1,339,500 | 2.50% | ||||||
Radio & Tv Broadcasting & Communications Equipment | |||||||||
10,000 | Aviat Networks Inc. * | 383,400 | 0.72% | ||||||
Retail - Catalog & Mail-Order Houses | |||||||||
5,000 | Insight Enterprises, Inc. * | 927,600 | 1.73% | ||||||
Retail - Family Clothing Stores | |||||||||
67,600 | American Eagle Outfitters, Inc. | 1,743,404 | 3.25% | ||||||
Retail - Retail Stores, NEC | |||||||||
6,000 | IAC Inc. * | 320,040 | 0.60% | ||||||
Retail - Shoe Stores | |||||||||
51,000 | Designer Brands Inc. - Class A | 557,430 | 1.04% | ||||||
Semiconductors & Related Devices | |||||||||
44,600 | Kulicke & Soffa Industries Inc. (Singapore) | 2,243,826 | |||||||
11,700 | Qorvo, Inc. * | 1,343,511 | |||||||
3,587,337 | 6.69% | ||||||||
Services - Business Services, NEC | |||||||||
5,900 | Concentrix Corp. | 390,698 | |||||||
130,000 | Conduent Incorporated * | 439,400 | |||||||
830,098 | 1.55% | ||||||||
Services - Computer Integrated Systems Design | |||||||||
60,000 | Veradigm, Inc. * | 462,000 | 0.86% | ||||||
Services - Help Supply Services | |||||||||
36,500 | Kforce Inc. | 2,573,980 | 4.80% | ||||||
Services - Home Health Care Services | |||||||||
18,900 | Addus HomeCare Corporation * | 1,953,126 | 3.64% | ||||||
Services - Management Services | |||||||||
60,000 | R1 RCM Inc. * | 772,800 | 1.44% | ||||||
Services - Medical Laboratories | |||||||||
29,000 | RadNet, Inc. * | 1,411,140 | 2.63% | ||||||
Services - Prepackaged Software | |||||||||
40,000 | Cerence, Inc. * | 630,000 | |||||||
6,666 | Consensus Cloud Solutions, Inc. * | 105,723 | |||||||
735,723 | 1.37% | ||||||||
Services - Skilled Nursing Care Facilities | |||||||||
6,000 | The Ensign Group, Inc. | 746,520 | 1.39% | ||||||
Services - Services, NEC | |||||||||
100,000 | Enviri Corporation * | 915,000 | 1.71% | ||||||
Special Industry Machinery (No Metalworking Machinery) | |||||||||
3,500 | Kadant Inc. | 1,148,350 | 2.14% | ||||||
Special Industry Machinery, NEC | |||||||||
8,000 | Axcelis Technologies, Inc. * | 892,160 | |||||||
28,100 | Azenta, Inc. * | 1,693,868 | |||||||
20,000 | Veeco Instruments Inc. * | 703,400 | |||||||
3,289,428 | 6.14% | ||||||||
State Commercial Banks | |||||||||
9,000 | Banner Corporation | 432,000 | |||||||
16,000 | Renasant Corporation | 501,120 | |||||||
933,120 | 1.74% | ||||||||
Surgical & Medical Instruments & Apparatus | |||||||||
60,000 | AngioDynamics, Inc. * | 352,200 | |||||||
60,000 | Orthofix Medical Inc. * | 871,200 | |||||||
40,000 | SI-Bone, Inc. * | 654,800 | |||||||
50,000 | Tactile Systems Technology Inc. * | 812,500 | |||||||
2,690,700 | 5.02% | ||||||||
Telegraph & Other Message Communications | |||||||||
7,200 | Ziff Davis Inc. * | 453,888 | 0.85% | ||||||
Telephone & Telegraph Apparatus | |||||||||
6,000 | Fabrinet (Thailand) * | 1,134,120 | |||||||
200,000 | Infinera Corporation * | 1,206,000 | |||||||
2,340,120 | 4.37% | ||||||||
Transportation Services | |||||||||
9,900 | GATX Corp. | 1,326,897 | 2.48% | ||||||
Water, Sewer, Pipeline, Comm & Power Line Construction | |||||||||
15,000 | Primoris Services Corporation | 638,550 | 1.19% | ||||||
Wholesale - Computers & Peripheral Equipment & Software | |||||||||
10,832 | TD SYNNEX Corporation | 1,225,099 | 2.29% | ||||||
Total for Common Stocks (Cost $19,646,877) | 50,415,110 | 94.08% | |||||||
REAL ESTATE INVESTMENT TRUSTS | |||||||||
10,950 | Mid-America Apartment Communities Inc. | 1,440,801 | |||||||
Total for Real Estate Investment Trusts (Cost $306,604) | 1,440,801 | 2.69% | |||||||
MONEY MARKET FUNDS | |||||||||
1,484,780 | SEI Daily Income Trust Government Fund Institutional 4.99% ** | 1,484,780 | 2.77% | ||||||
Total for Money Market Funds (Cost $1,484,780) | |||||||||
Total Investment Securities | 53,340,691 | 99.54% | |||||||
(Cost $21,438,261) | |||||||||
Other Assets in Excess of Liabilities | 247,748 | 0.46% | |||||||
Net Assets | $ 53,588,439 | 100.00% | |||||||
* Non-Income Producing Securities. | |||||||||
** The rate shown represents the 7-day yield at March 31, 2024. |