Kinetics Spin-Off and Corporate Restructuring Fund Advisor Class A (LSHAX)

11.94
Net Asset Value
0.00%
1 Day
+11.90%
Year-to-Date
Overall Morningstar Rating
Mid-cap blend
Style or Category
5.75
Sales Expenses
2.07%
Expense Ratio
Above Average
Morningstar Risk Rating™
Investment Objective The investment seeks to achieve long-term growth of capital. The fund will pursue its investment objective by investing at least 80% of its net assets (plus borrowings for investment purposes) in equity securities of spin-off companies- companies subject to other forms of corporate restructuring- parents of any such companies- and publicly traded shareholder activist holding companies which- by way of their shareholder ownership in other companies- have caused such other companies to undergo spin-offs and other forms of corporate restructurings. It may invest in any size company- including small- and medium-sized companies. The fund is non-diversified.

Performance

1 month+8.15% 3 years+7.06%
3 months+8.35% 5 years+6.88%
1 year+27.17% Since inception+2.05%
Data through --

Peer Comparisonvs. Mid-cap blend

 LSHAXCategory
Performance 5-yr return+6.88%+10.43%
Expense ratio2.07%1.07%
Risk 5 year sharpe ratio0.480.90
Net assets$23.2M$2.2B
Average market cap$3.5B$8.3B
Average P/E26.418.2
Portfolio turnover0%0%

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Fund Management and Purchase Info

Fund familyKinetics
Fund manager & tenureMurray Stahl / 11 Years
Minimal initial investment$2,500.00
Minimum IRA investment$2,500.00

Holdings

U.S. stock69.47%
Cash16.85%
International stock13.68%
Fixed income0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Financial service 44.83%
Consumer service 13.54%
Industrial materials 13.19%
Energy 11.98%
Media 4.28%
Top 10 Holdings
Portfolio weighting
TPL Texas Pacific Land Trust19.96%
HHC Howard Hughes Corp8.58%
-- 5.23%
CABO Cable ONE Inc4.98%
AC Associated Capital Group Inc4.77%
PYPL PayPal Holdings Inc3.96%
GHC Graham Holdings Co3.72%
WBT Welbilt Inc3.26%
CSWI CSW Industrials Inc2.99%
IEP Icahn Enterprises LP2.89%