Kinetics Market Opportunities Fund Advisor Class A (KMKAX)

17.64
Net Asset Value
+0.28%
1 Day
+0.23%
Year-to-Date
Overall Morningstar Rating
Financial
Style or Category
5.75
Sales Expenses
2.13%
Expense Ratio
Below Average
Morningstar Risk Rating™
Investment Objective The investment seeks long-term growth of capital. The fund normally invests at least 65% of its net assets in common stocks, convertible securities, warrants and other equity securities having the characteristics of common stocks of U.S. and foreign companies involved in capital markets or related to capital markets, as well as companies involved in the gaming industry. It may invest up to 20% of its total assets in convertible and non-convertible debt securities rated below investment grade, also known as junk bonds, or unrated securities which the Investment Adviser has determined to be of comparable quality. The fund is non-diversified.

Performance

1 month+0.63% 3 years+13.78%
3 months+2.86% 5 years+14.92%
1 year+14.75% Since inception+8.02%
Data through --

Peer Comparisonvs. Financial

 KMKAXCategory
Performance 5-yr return+14.92%+14.17%
Expense ratio2.13%1.77%
Risk 5 year sharpe ratio0.930.86
Net assets$63.6M$289.1M
Average market cap$5.6B$40.2B
Average P/E16.515.1
Portfolio turnover21%21%

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Fund Management and Purchase Info

Fund familyKinetics
Fund manager & tenureMurray Stahl / 8 Years
Minimal initial investment$2,500.00
Minimum IRA investment$2,500.00

Holdings

U.S. stock68.72%
International stock25.82%
Cash4.84%
Fixed income0.62%
Other0.00%
Top 5 Sectors
Portfolio weighting
Financial service 80.28%
Industrial materials 11.02%
Business service 4.81%
Consumer service 2.85%
Utilities 0.10%
Top 10 Holdings
Portfolio weighting
IEP Icahn Enterprises LP10.00%
CBOE CBOE Holdings Inc7.73%
HHC Howard Hughes Corp6.43%
TPL Texas Pacific Land Trust6.40%
-- Onex Corp5.58%
OAK Oaktree Capital Group LLC4.95%
-- DREAM Unlimited Corp Class A4.45%
LUK Leucadia National Corp4.38%
ICE IntercontinentalExchange Group Inc3.66%
-- Brookfield Asset Management Inc Class A3.53%

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