Kinetics Market Opportunities Fund No Load Class (KMKNX)
| Fund Assets | 344.34M |
| Expense Ratio | 1.40% |
| Min. Investment | $2,500 |
| Turnover | 7.00% |
| Dividend (ttm) | 0.49 |
| Dividend Yield | 0.51% |
| Dividend Growth | -21.61% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 30, 2025 |
| Previous Close | 95.60 |
| YTD Return | 29.93% |
| 1-Year Return | 11.77% |
| 5-Year Return | 143.95% |
| 52-Week Low | 71.97 |
| 52-Week High | 98.19 |
| Beta (5Y) | 0.81 |
| Holdings | 87 |
| Inception Date | Jan 31, 2006 |
About KMKNX
Kinetics Market Opportunities Fund No Load Class is a U.S.-focused mutual fund that targets companies involved in capital markets activities and related services. Its primary objective is the long-term growth of capital by investing in businesses that benefit from increasing transactional volumes or facilitate financial transactions, particularly those that do not employ financial leverage or take on significant balance sheet risk. The fund typically identifies companies with high operating leverage, strong returns on equity, and scalable business models, positioning itself in sectors where financial transactions are central to growth. Managed by a team with decades of industry experience, it features a concentrated portfolio, with a significant portion of assets often allocated to its top holdings. The fund is categorized as non-diversified, resulting in a higher active share and a distinctive approach compared to broad market indices. With its emphasis on fundamental research and a focus on long-term value, the Kinetics Market Opportunities Fund No Load Class plays a unique role for investors seeking exposure to innovative or less conventional segments of financial services and capital markets infrastructure.
Performance
KMKNX had a total return of 11.77% in the past year, including dividends. Since the fund's inception, the average annual return has been 14.71%.
Top 10 Holdings
78.46% of assets| Name | Symbol | Weight |
|---|---|---|
| Texas Pacific Land Corporation | TPL | 34.97% |
| Grayscale Bitcoin Trust ETF | GBTC | 15.24% |
| Hawaiian Electric Industries, Inc. | HE | 7.38% |
| US BANK MMDA - USBGFS 7 | n/a | 6.87% |
| WaterBridge Infrastructure LLC | WBI | 3.10% |
| LandBridge Company LLC | LB | 3.03% |
| Bolt Data & Energy Inc. | n/a | 2.23% |
| Partners Value Investments LP | PVF.UN | 2.12% |
| US BANK MMDA - USBGFS 7 | n/a | 1.78% |
| Grayscale Bitcoin Mini Trust ETF | BTC | 1.73% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 30, 2025 | $0.48605 | Dec 30, 2025 |
| Dec 30, 2024 | $0.62006 | Dec 30, 2024 |
| Dec 28, 2023 | $0.36349 | Dec 28, 2023 |
| Dec 29, 2022 | $0.62052 | Dec 29, 2022 |
| Dec 29, 2021 | $0.62591 | Dec 29, 2021 |
| Dec 30, 2020 | $0.08213 | Dec 30, 2020 |