Morningstar

Kinetics Market Opportunities Adv A KMKAX

Morningstar Medalist Rating
Medalist Rating as of | See Kinetics Investment Hub
  • NAV / 1-Day Return 64.25  /  +1.17 %
  • Total Assets 184.1 Mil
  • Adj. Expense Ratio
    1.650%
  • Expense Ratio 1.650%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Mid-Cap Growth
  • Investment Style Mid Growth
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 0.47%
  • Turnover 5%

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

Morningstar’s Analysis KMKAX

Will KMKAX 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 KMKAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the KMKAX 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 KMKAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Kinetics Market Opportunities Adv A 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 highest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings KMKAX

More KMKAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 81.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Texas Pacific Land Corp

51.42 80.0 Mil
Energy

Grayscale Bitcoin Trust ETF (BTC)

20.49 31.9 Mil
—

US BANK MMDA - USBGFS 7

10.17 15.8 Mil
Cash and Equivalents

Partners Value Investments LP Unit

1.74 2.7 Mil
Financial Services

Associated Capital Group Inc Class A

1.68 2.6 Mil
Financial Services

Intercontinental Exchange Inc

1.13 1.8 Mil
Financial Services

Franco-Nevada Corp

1.11 1.7 Mil
Basic Materials

Wheaton Precious Metals Corp

1.04 1.6 Mil
Basic Materials

Clarkson PLC

0.98 1.5 Mil
Industrials

Urbana Corp Registered Shs -A- Non Vtg

0.93 1.4 Mil
Financial Services

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