Fund Basics
Inception Date		05/27/05
Trading Symbol		KNPYX
CUSIP		494613797
Assets (06/30/08)¹		3,620,385,332
Sales Charge		None
12b-1 Charge		None
Total Expense Ratio		1.47%
Fiscal Year End		12/31
Investment Minimum*		$1,000,000
Subsequent Investment*		$100,000
Fund Objective		Long-term growth of capital
Portfolio Management Team		Peter Doyle, Co-Portfolio Manager  Murray Stahl, Co-Portfolio Manager
* Brokers may set own minimums and may impose a transaction fee. ¹ Assets represent total net assets for the Paradigm Fund Master Portfolio, which includes both the no-load and advisor class feeder funds.

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