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