Kinetics Market Opportunities Adv A (KMKAX)

Fund Assets	293.39M
Expense Ratio	1.65%
Min. Investment	$2,500
Turnover	4.00%
Dividend (ttm)	0.44
Dividend Yield	0.53%
Dividend Growth	-11.49%
Payout Frequency	Annual
Ex-Dividend Date	Dec 30, 2025

Previous Close	82.19
YTD Return	13.45%
1-Year Return	7.85%
5-Year Return	102.05%
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 7.85% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.95%.

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

Name	Symbol	Weight
KINETICS MARKET OPPORT	943700	100.00%

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

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

Data Sources Report a data error