Fund Basics
Inception Date		05/27/05
Trading Symbol		KNPYX
CUSIP		494613797
Assets (12/31/11)¹		815,514,469
Sales Charge		None
12b-1 Charge		None
Total Expense Ratio		1.44%
Fiscal Year End		12/31
Investment Minimum		$1,000,000
Fund Objective		Long-term growth of capital
Portfolio Management Team		Peter Doyle, Co-Portfolio Manager Murray Stahl, Co-Portfolio Manager
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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