Kinetics Market Opportunities Adv A (KMKAX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD

76.58

-0.61 (-0.79%)

At close: Oct 15, 2026

Fund Assets	265.43M
Expense Ratio	1.65%
Min. Investment	$2,500
Turnover	4.00%
Dividend (ttm)	0.08
Dividend Yield	0.10%
Dividend Growth	-80.98%
Payout Frequency	Annual
Ex-Dividend Date	Dec 30, 2025

Previous Close	77.19
YTD Return	7.03%
1-Year Return	-0.69%
5-Year Return	95.27%
52-Week Low	70.97
52-Week High	96.20
Beta (5Y)	1.06
Holdings	1
Inception Date	Jan 31, 2006

About KMKAX

Kinetics Market Opportunities Fund Advisor Class A is an actively managed mutual fund that seeks long-term capital growth by investing primarily in companies engaged in capital markets–related activities and services. The fund features a U.S.-focused global approach, targeting firms that benefit from rising transaction volumes or that facilitate financial transactions, often without employing leverage or risking their own capital. This strategy emphasizes companies with scalable business models, high operating leverage, and strong returns on equity. As a non-diversified fund, Kinetics Market Opportunities Fund Advisor Class A tends to hold a concentrated portfolio, with a significant portion allocated to its top holdings—over 80% of assets are in the top ten positions. Notable sectors include energy, financial services, and digital assets, with major allocations to entities such as Texas Pacific Land Corp and Grayscale Bitcoin Trust ETF. The fund is managed by Horizon Kinetics Asset Management and is designed for investors seeking exposure to growth-oriented companies that operate within or benefit from capital markets infrastructure and innovation. Its unique profile and focused investment approach position it as a distinct option among mid-cap growth mutual funds.

Fund Family Kinetics

Category Mid-Cap Growth

Performance Rating High

Risk Rating High

Stock Exchange Nasdaq

Ticker Symbol KMKAX

Share Class Advisor Class A

Index S&P 500 TR

Performance

KMKAX had a total return of -0.69% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.55%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
KMKYX	Institutional Class	1.20%
KMKNX	No Load Class	1.40%
KMKCX	Advisor Class C	2.15%

Top Holdings

100.01% of assets

Name	Symbol	Weight
KINETICS MARKET OPPORT	943700	100.01%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 30, 2025	$0.43786	Dec 30, 2025
Dec 30, 2024	$0.4947	Dec 30, 2024
Dec 28, 2023	$0.28442	Dec 28, 2023
Dec 29, 2022	$0.53413	Dec 29, 2022
Dec 29, 2021	$0.50933	Dec 29, 2021
Dec 30, 2020	$0.00709	Dec 30, 2020

Full Dividend History