Morningstar

Kinetics Multi-Disciplinary Inc No Load KMDNX

Morningstar Medalist Rating
Medalist Rating as of | See Kinetics Investment Hub
  • NAV / 1-Day Return 9.94  /  0.00
  • Total Assets 14.2 Mil
  • Adj. Expense Ratio
    1.020%
  • Expense Ratio 1.020%
  • Distribution Fee Level Above Average
  • Share Class Type No Load
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 6.38%
  • Effective Duration —

USD | NAV as of Oct 04, 2024 | 1-Day Return as of Oct 04, 2024, 10:29 PM GMT+0

Morningstar’s Analysis KMDNX

Will KMDNX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable KMDNX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the KMDNX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of KMDNX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Kinetics Multi-Disciplinary Inc No Load boasts strong Process and People Pillar ratings, but other weaknesses hold this strategy's Morningstar Medalist Rating at Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings KMDNX

More KMDNX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 37.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

US BANK MMDA - USBGFS 7

15.86 2.1 Mil
Cash and Equivalents

BARINGS CLO LTD 2023-I 7.07%

4.08 552,318
Securitized

FORTRESS CREDIT BSL XVIII LIMITED 7.58%

3.73 504,948
Securitized

REGATTA XVI FUNDING LTD 7.64%

3.73 504,648
Securitized

Rad Clo 20 Ltd. / Rad Clo 20 LLC 7.97%

3.72 504,008
Securitized

VENTURE 48 CLO LIMITED 8.07%

3.72 503,406
Securitized

MAGNETITE XXXVII LIMITED 7.62%

3.72 502,855
Securitized

ICG US CLO 2023-1 I Ltd. / ICG US CLO 2023-1 I LLC 8.33%

3.71 502,750
Securitized

MAN US CLO 2023-1 LTD 7.62%

3.71 502,477
Securitized

BATTERY PARK CLO II LTD 7.53%

3.71 502,272
Securitized

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