Kinetics Paradigm Fund Advisor Class A (KNPAX)

52.72
Net Asset Value
-0.72%
1 Day
+12.19%
Year-to-Date
Overall Morningstar Rating
Mid-cap growth
Style or Category
5.75
Sales Expenses
1.99%
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.

Performance

1 month+8.43% 3 years+14.05%
3 months+7.99% 5 years+13.09%
1 year+35.81% Since inception+10.01%
Data through --

Peer Comparisonvs. Mid-cap growth

 KNPAXCategory
Performance 5-yr return+13.09%+11.94%
Expense ratio1.99%1.21%
Risk 5 year sharpe ratio0.950.98
Net assets$736.9M$1.6B
Average market cap$6.8B$11.9B
Average P/E27.326.0
Portfolio turnover14%14%

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Fund Management and Purchase Info

Fund familyKinetics
Fund manager & tenureMurray Stahl / 18 Years
Minimal initial investment$2,500.00
Minimum IRA investment$2,500.00

Holdings

U.S. stock74.81%
International stock12.08%
Fixed income7.30%
Cash5.81%
Other0.00%
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 Trust30.33%
HHC Howard Hughes Corp10.26%
-- 4.50%
IEP Icahn Enterprises LP4.16%
LYV Live Nation Entertainment Inc3.27%
GBTC Bitcoin Investment Trust3.02%
CBOE Cboe Global Markets Inc2.92%
LSXMK Liberty Media Corp2.63%
-- 2.60%
-- 2.24%