Kinetics Market Opportunities Fund No Load Class

 (MUTF:KMKNX)   Watch this mutual fund  
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Performance

Trailing returns

1 day
   
-0.29%  
1 week
   
-0.80%  
4 week   +1.23%
   
3 month   +2.61%
   
YTD   +3.72%
   
1 year
   
-0.29%  
3 years*   +14.43%
   
5 years*   +11.09%
   
*annualized
Best 3 month return+49.36%  
Worst 3 month return-39.76%  

Morningstar statistics

Morningstar category: Financial
  Return Risk Rating
3 years Below Average Above Average
5 years Above Average Average
10 years     -     - -
Overall Average Average
Morningstar style  Learn more
      Large
      Mid
      Small
Value Blend Growth  

Key statistics

Total assets53.00M 
Front load-  
Deferred load-  
Expense ratio1.64%  
Management fee-  
Fund familyKinetics 

Asset allocation

Cash5.28%  
Stocks94.07%  
Bonds0.08%  
Other0.58%  

Purchase information

Initial$2,500  
IRA Initial$2,500  
17.30-0.05(-0.29%)
May 5, 4:00PM EDT Overall Morningstar RatingTM

Description

The investment seeks long-term growth of capital. The fund normally invests at least 65% of its net assets in common stocks, convertible securities, warrants and other equity securities having the characteristics of common stocks of U.S. and foreign companies involved in capital markets or related to capital markets, as well as companies involved in the gaming industry. It may invest up to 20% of its total assets in convertible and non-convertible debt securities rated below investment grade, also known as junk bonds, or unrated securities which the Investment Adviser has determined to be of comparable quality. The fund is non-diversified.
Fund filings (PDF) »
Asset managers:
Murray Stahl (Started: Jan 31, 2006)
Peter Doyle (Started: Jan 31, 2006)
Advisor Company:
Kinetics Asset Management Inc.
Fund family reports on Morningstar »
Kinetics, 615 E. Michigan Street, Milwaukee,WI53202, USA

Risk

  1 year 3 years 5 years 10 years  
Alpha* -6.76 -0.27 0.61     -
Beta* 1.15 1.13 1.04     -
Mean annual return 0.16 1.12 0.94     -
R-squared* 85.69 76.64 81.31     -
Standard deviation 10.99 13.59 16.70     -
Sharpe ratio 0.18 0.98 0.67     -
* Against standard index

Top 10 holdings

Security Net Assets  
Icahn Enterprises LP (IEP) 10.93%  
Texas Pacific Land Trust (TPL) 7.02%  
Howard Hughes Corp (HHC) 6.88%  
Onex Corp (OCX) 6.00%  
Brookfield Asset Management Inc Class A (BAM.A) 5.29%  
CBOE Holdings Inc (CBOE) 5.26%  
Dundee Corp Class A (DC.A) 4.05%  
DREAM Unlimited Corp Class A (DRM) 3.96%  
Visa Inc Class A (V) 3.63%  
Sothebys Class A (BID) 3.41%