Kinetics Spin-Off and Corporate Restructuring Fund Institutional Class (LSHUX)

12.31
Net Asset Value
+0.33%
1 Day
+15.26%
Year-to-Date
Overall Morningstar Rating
Mid-cap blend
Style or Category
No Load
Sales Expenses
1.83%
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+3.02% 3 years+8.32%
3 months+11.55% 5 years+8.16%
1 year+28.22% Since inception+2.34%
Data through --

Peer Comparisonvs. Mid-cap blend

 LSHUXCategory
Performance 5-yr return+8.16%+10.43%
Expense ratio1.83%1.06%
Risk 5 year sharpe ratio0.560.90
Net assets$24.6M$2.2B
Average market cap$3.5B$8.5B
Average P/E18.517.9
Portfolio turnover0%0%

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Fund Management and Purchase Info

Fund familyKinetics
Fund manager & tenureMurray Stahl / 11 Years
Minimal initial investment$1,000,000.00
Minimum IRA investment$1,000,000.00

Holdings

U.S. stock69.60%
International stock15.61%
Cash14.79%
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 Trust23.07%
HHC Howard Hughes Corp7.99%
-- 6.21%
AC Associated Capital Group Inc5.35%
CABO Cable ONE Inc4.68%
PYPL PayPal Holdings Inc4.16%
GHC Graham Holdings Co3.84%
CSWI CSW Industrials Inc2.99%
IEP Icahn Enterprises LP2.77%
WBT Welbilt Inc2.76%