Kinetics Market Opportunities Fund No Load Class (KMKNX)

28.41
Net Asset Value
+0.96%
1 Day
+6.32%
Year-to-Date
Overall Morningstar Rating
Mid-cap growth
Style or Category
No Load
Sales Expenses
1.92%
Expense Ratio
High
Morningstar Risk Rating™
Investment Objective The investment seeks long-term growth of capital. The fund is a non-diversified fund that invests all of its investable assets in the Market Opportunities Portfolio- a series of Kinetics Portfolios Trust. The Market Opportunities Portfolio 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. The fund is non-diversified.

Performance

1 month+6.79% 3 years+17.27%
3 months+6.27% 5 years+12.93%
1 year+52.35% Since inception+9.32%
Data through --

Peer Comparisonvs. Mid-cap growth

 KMKNXCategory
Performance 5-yr return+12.93%+11.94%
Expense ratio1.92%1.21%
Risk 5 year sharpe ratio0.960.98
Net assets$83.0M$1.6B
Average market cap$4.6B$11.9B
Average P/E18.726.0
Portfolio turnover35%35%

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Fund Management and Purchase Info

Fund familyKinetics
Fund manager & tenureMurray Stahl / 12 Years
Minimal initial investment$2,500.00
Minimum IRA investment$2,500.00

Holdings

U.S. stock30.89%
Cash30.41%
Fixed income28.63%
International stock9.74%
Other0.33%
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
TPL Texas Pacific Land Trust17.57%
GBTC Bitcoin Investment Trust17.26%
IEP Icahn Enterprises LP3.14%
HHC Howard Hughes Corp3.02%
-- 2.81%
-- 2.20%
-- 1.69%
AC Associated Capital Group Inc1.50%
V Visa1.34%
-- 1.26%