Kinetics Market Opportunities Fund Class Institutional (KMKYX)

28.25
Net Asset Value
-0.11%
1 Day
+4.47%
Year-to-Date
Overall Morningstar Rating
Mid-cap growth
Style or Category
No Load
Sales Expenses
1.87%
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-0.88% 3 years+17.66%
3 months+6.28% 5 years+14.65%
1 year+42.38% Since inception+8.74%
Data through --

Peer Comparisonvs. Mid-cap growth

 KMKYXCategory
Performance 5-yr return+14.65%+11.94%
Expense ratio1.87%1.20%
Risk 5 year sharpe ratio1.010.99
Net assets$88.2M$1.6B
Average market cap$4.7B$12.1B
Average P/E20.325.4
Portfolio turnover35%35%

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Fund Management and Purchase Info

Fund familyKinetics
Fund manager & tenureMurray Stahl / 12 Years
Minimal initial investment$1,000,000.00
Minimum IRA investment$1,000,000.00

Holdings

Cash40.02%
U.S. stock36.25%
Fixed income14.46%
International stock9.27%
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 Trust23.52%
GBTC Bitcoin Investment Trust7.88%
IEP Icahn Enterprises LP2.94%
HHC Howard Hughes Corp2.73%
-- 2.51%
-- 2.15%
AC Associated Capital Group Inc1.61%
-- 1.58%
V Visa1.23%
CME CME Group Inc1.22%