Kinetics Market Opportunities Fund No Load Class (KMKNX)

Fund Assets	290.65M
Expense Ratio	1.40%
Min. Investment	$2,500
Turnover	7.00%
Dividend (ttm)	0.49
Dividend Yield	0.56%
Dividend Growth	-21.61%
Payout Frequency	Annual
Ex-Dividend Date	Dec 30, 2025

Previous Close	84.40
YTD Return	19.01%
1-Year Return	0.43%
5-Year Return	124.98%
52-Week Low	71.97
52-Week High	89.75
Beta (5Y)	0.89
Holdings	1
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.

• Fund Family: Kinetics
• Category: Mid-Cap Growth
• Performance Rating: High
• Risk Rating: High
• Stock Exchange: NASDAQ
• Ticker Symbol: KMKNX
• Share Class: No Load Class
• Index: S&P 500 TR

Performance

KMKNX had a total return of 0.43% in the past year, including dividends. Since the fund's inception, the average annual return has been 14.25%.

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%
KMKAX	Advisor Class A	1.65%
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	$0.48605	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