Objective:
The Paradigm Select Fund seeks long-term capital appreciation.
Investment Philosophy:
The Select Fund invests primarily in the common stocks of companies with market capitalizations between $500 million and $10 billion at the time of purchase that the Advisor believes have the potential for capital appreciation. The Fund may be overweight in certain sectors at various times. Securities are sold when they have realized their anticipated value or if new investment opportunities with higher expected returns are acquired. The Advisor intends to concentrate the Select Fund's portfolio in established companies with a market capitalization between $500 million to $10 billion with revenues of more than $1 billion. These companies will generally have experienced management teams with a proven record of developing the business in a steady and profitable manner. The Advisor has found that conservatively managed companies, if purchased at a good price, can provide a more consistent return to investors than the more high-potential / high-risk alternatives.
Investment Process:
The Advisor identifies potential investments using a proprietary valuation model to pinpoint companies that the Advisor believes are trading at a discount to peers and/or historical valuations. The selection process includes an evaluation of near term and long term outlook for the industry and an evaluation of management and their incentive compensation agreements and stock ownership. After this research has been completed the Advisor selects what it believes to be the most promising investments. The Advisor seeks a portfolio which is distributed among a variety of industries with holdings that are concentrated in companies it believes have solid long-term growth prospects. The Advisor believes this process provides long-term capital appreciation potential in a manner consistent with the preservation of capital. The Advisor regularly reviews each of the companies in the portfolio to confirm that each company is achieving the objectives which the Advisor believes are reasonable, and that each continues to hold promise of future appreciation. The Advisor will generally sell a Fund position if the company no longer meets these criteria.
Prospectus:
Please click on the link below to obtain a copy of the Fund's Prospectus.
Paradigm Funds Prospectus
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Portfolio Characteristics:
| Inception Date: |
1/1/2005 |
| Cusip: |
69901E302 |
| Ticker: |
PFSLX |
| NAV: |
$23.22 |
|
Net Assets ($ million)
|
$2.8 |
| Number of Holdings: |
68 |
| One-Year Turnover: |
59.06% |
| Weighted Average Market Cap ($ million): |
$2,268.9 |
Median Market Cap
($ million): |
$1,840.6 |
| Management Fees: |
1.50% |
| Sales Load: |
none |
| Index: |
Russell 2500
|
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Key Differentiators:
Portfolio composition
Equally weighted portfolio
|