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

10.89
Net Asset Value
+0.46%
1 Day
+1.97%
Year-to-Date
Overall Morningstar Rating
Mid-cap blend
Style or Category
No Load
Sales Expenses
1.63%
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-2.16% 3 years+4.24%
3 months+5.25% 5 years+7.22%
1 year+15.06% Since inception+1.86%
Data through --

Peer Comparisonvs. Mid-cap blend

 LSHUXCategory
Performance 5-yr return+7.22%+13.28%
Expense ratio1.63%1.10%
Risk 5 year sharpe ratio0.701.11
Net assets$25.0M$2.3B
Average market cap$3.3B$8.3B
Average P/E27.022.8
Portfolio turnover11%11%

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Fund Management and Purchase Info

Fund familyKinetics
Fund manager & tenureMurray Stahl / 10 Years
Minimal initial investment$1,000,000.00
Minimum IRA investment$1,000,000.00

Holdings

U.S. stock80.43%
International stock15.88%
Cash2.87%
Fixed income0.82%
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 Trust20.00%
HHC Howard Hughes Corp9.17%
-- 5.87%
AC Associated Capital Group Inc5.70%
CABO Cable ONE Inc5.52%
PYPL PayPal Holdings Inc4.28%
IEP Icahn Enterprises LP4.24%
GHC Graham Holdings Co4.07%
HYH Halyard Health Inc3.59%
CSWI CSW Industrials Inc3.50%