Investment objective & strategy
As of May 1, 2025 · prospectusObjective. ? The Paradigm Micro-Cap Fund (the ?Micro-Cap Fund? or the ?Fund?) seeks long-term capital appreciation.
Strategy. Under normal circumstances, the Micro-Cap Fund invests at least 80% of its net assets in the common stocks of U.S. micro-cap companies. The Fund generally considers a company to be a micro-cap company if, at the time of purchase, its market capitalization is within the range of capitalizations of companies in the Russell Microcap Index as of the most recent reconstitution date. As of March 31, 2025, the range of market capitalizations for the Russell Microcap Index was $1 million to $3.195 billion. The capitalizations of companies within the Russell Microcap Index may increase or decrease due to market conditions. The Fund may be overweight in certain sectors at various times. Stocks are sold when they have realized the value … Under normal circumstances, the Micro-Cap Fund invests at least 80% of its net assets in the common stocks of U.S. micro-cap companies. The Fund generally considers a company to be a micro-cap company if, at the time of purchase, its market capitalization is within the range of capitalizations of companies in the Russell Microcap Index as of the most recent reconstitution date. As of March 31, 2025, the range of market capitalizations for the Russell Microcap Index was $1 million to $3.195 billion. The capitalizations of companies within the Russell Microcap Index may increase or decrease due to market conditions. The Fund may be overweight in certain sectors at various times. Stocks are sold when they have realized the value anticipated by the Advisor or if new investment opportunities with higher expected returns are acquired. The Fund may continue to hold stocks of companies whose capitalization has, since the time of purchase, grown to exceed the capitalization limits. Additional purchases of a company?s stock will not qualify, however, as a micro-cap stock, unless at the time of purchase, the company is able to satisfy the definition of a micro-cap. The Advisor primarily searches for companies within the market capitalization range of the Russell Microcap Index that exhibit attractive valuations and solid growth prospects.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| MODINE MFG CO | — | $17.34M | 12.92% |
| ONTO INNOVATION INC | — | $8.20M | 6.11% |
| ENSIGN GROUP INC | — | $8.06M | 6.01% |
| MONEYMKT | FGTXX | $7.31M | 5.45% |
| VEECO INSTRUMENT | — | $6.77M | 5.05% |
| EXTREME NETWORKS INC | — | $6.03M | 4.50% |
| PENNANT GROUP-WI | — | $5.49M | 4.09% |
| PENGUIN SOLUTIONS INC | — | $5.28M | 3.94% |
| INTEGRA LIFESCIENCES HLDS CORP | — | $4.71M | 3.51% |
| ORTHOFIX MEDICAL INC | — | $4.59M | 3.42% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Paradigm Value Fund · PVFAX | 35% | 1.26% |
| Paradigm Select Fund · PFSLX | 16% | 1.16% |
| M3Sixty Small Cap Growth Fund · MCSCX | 12% | 0.99% |
Advisers
| Firm | Role |
|---|---|
| PARADIGM FUNDS ADVISOR LLC | Adviser |
Footnotes
- Expense ratio as of May 1, 2025, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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