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Kinetics Paradigm Fund Advisor Class A (KNPAX)

Net Asset Value
1 Day
Overall Morningstar Rating
Mid-cap growth
Style or Category
Sales Expenses
Expense Ratio
Above 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 Paradigm Portfolio- a series of Kinetics Portfolios Trust. The Paradigm Portfolio invests at least 65% of its net assets in common stocks- ETFs- convertible securities- warrants- and other equity securities having the characteristics of common stocks (such as American Depositary Receipts ("ADRs")- Global Depositary Receipts ("GDRs") and International Depositary Receipts ("IDRs")) of U.S. and foreign companies that the Investment Adviser believes are undervalued. The fund is non-diversified.


1 month+4.62% 3 years+12.07%
3 months+7.57% 5 years+14.73%
1 year+23.06% Since inception+9.71%
Data through --

Peer Comparisonvs. Mid-cap growth

Performance 5-yr return+14.73%+12.62%
Expense ratio2.00%1.22%
Risk 5 year sharpe ratio1.141.18
Net assets$744.6M$1.5B
Average market cap$6.5B$12.1B
Average P/E29.229.4
Portfolio turnover2%2%

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Fund Management and Purchase Info

Fund familyKinetics
Fund manager & tenureMurray Stahl / 17 Years
Minimal initial investment$2,500.00
Minimum IRA investment$2,500.00


U.S. stock78.70%
International stock12.47%
Fixed income1.93%
Top 5 Sectors
Portfolio weighting
Financial service 47.64%
Industrial materials 16.26%
Energy 11.49%
Consumer service 9.10%
Business service 5.96%
Top 10 Holdings
Portfolio weighting
TPL Texas Pacific Land Trust29.48%
HHC Howard Hughes Corp9.99%
IEP Icahn Enterprises LP4.71%
-- 4.56%
LYV Live Nation Entertainment Inc3.61%
LSXMK Liberty Media Corp3.15%
CBOE Cboe Global Markets Inc2.65%
LBRDK Liberty Broadband Corp2.43%
-- 2.42%
-- 2.28%