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

10.82
Net Asset Value
+0.56%
1 Day
+12.83%
Year-to-Date
Overall Morningstar Rating
Mid-cap blend
Style or Category
5.75
Sales Expenses
1.93%
Expense Ratio
High
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+1.50% 3 years+4.88%
3 months+1.88% 5 years+9.10%
1 year+11.85% Since inception+1.67%
Data through --

Peer Comparisonvs. Mid-cap blend

 LSHAXCategory
Performance 5-yr return+9.10%+12.86%
Expense ratio1.93%1.11%
Risk 5 year sharpe ratio0.721.17
Net assets$24.2M$2.2B
Average market cap$2.9B$8.0B
Average P/E28.522.5
Portfolio turnover11%11%

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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. stock83.24%
International stock16.16%
Cash0.76%
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 Trust16.45%
HHC Howard Hughes Corp9.73%
CABO Cable ONE Inc6.22%
-- 6.18%
IEP Icahn Enterprises LP5.24%
AC Associated Capital Group Inc5.16%
GHC Graham Holdings Co4.85%
AMKBY AP Moeller - Maersk A/S3.95%
HYH Halyard Health Inc3.48%
PYPL PayPal Holdings Inc3.44%