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Kinetics Market Opportunities Fund No Load Class (KMKNX)

15.92
Net Asset Value
-1.99%
1 Day
+5.01%
Year-to-Date
Overall Morningstar Rating
Financial
Style or Category
No Load
Sales Expenses
1.91%
Expense Ratio
Below Average
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+0.19% 3 years+2.66%
3 months+2.58% 5 years+6.83%
1 year-6.74% Since inception+5.56%
Data through --

Peer Comparisonvs. Financial

 KMKNXCategory
Performance 5-yr return+6.83%+6.67%
Expense ratio1.91%1.87%
Risk 5 year sharpe ratio0.480.58
Net assets$38.7M$291.2M
Average market cap$2.8B$28.7B
Average P/E16.514.2
Portfolio turnover2%2%

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Fund Management and Purchase Info

Fund familyKinetics
Fund manager & tenureMurray Stahl / 10 Years
Minimal initial investment$2,500.00
Minimum IRA investment$2,500.00

Holdings

U.S. stock48.08%
Cash32.34%
International stock19.31%
Fixed income0.27%
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
TPL Texas Pacific Land Trust10.42%
IEP Icahn Enterprises LP8.46%
HHC Howard Hughes Corp5.87%
-- 5.76%
-- 4.13%
V Visa3.64%
OTCM OTC Markets Group Inc.3.46%
TPCA Tropicana Entertainment Inc3.29%
CBOE CBOE Holdings Inc3.11%
-- 2.51%

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