Kinetics Market Opportunities Fund Class Institutional (KMKYX)

Fund Assets	293.39M
Expense Ratio	1.20%
Min. Investment	$1,000,000
Turnover	4.00%
Dividend (ttm)	0.65
Dividend Yield	0.76%
Dividend Growth	-10.18%
Payout Frequency	Annual
Ex-Dividend Date	Dec 30, 2025

Previous Close	85.53
YTD Return	14.30%
1-Year Return	8.83%
5-Year Return	107.55%
52-Week Low	73.82
52-Week High	99.89
Beta (5Y)	1.06
Holdings	1
Inception Date	May 19, 2008

About KMKYX

Kinetics Market Opportunities Fund Class Institutional is an actively managed mutual fund focused on seeking long-term capital growth. The fund employs a non-diversified, value-driven approach, primarily investing in U.S. and global companies engaged in capital markets activities and related services that are considered attractively valued. Its portfolio typically emphasizes businesses expected to benefit from increased transactional volumes or those that facilitate financial transactions without assuming significant balance sheet risk or leveraging their own capital. These companies are often characterized by high operating leverage, robust returns on equity, and scalable business models. The fund’s holdings are notably concentrated, with a significant portion allocated to its top positions, including sectors such as energy, financial services, and digital assets. Its mid-cap growth style distinguishes it from broader, more diversified equity funds, and its active share reflects a high level of differentiation from standard benchmarks. Managed by Horizon Kinetics, the fund is designed for institutional investors and integrates a contrarian investment philosophy within a master/feeder structure. It plays a distinct role for investors seeking focused exposure to undervalued and opportunistic segments of the equity market.

• Fund Family: Kinetics
• Category: Mid-Cap Growth
• Performance Rating: High
• Risk Rating: High
• Stock Exchange: NASDAQ
• Ticker Symbol: KMKYX
• Share Class: Institutional Class
• Index: S&P 500 TR

Performance

KMKYX had a total return of 8.83% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.08%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
KMKNX	No Load Class	1.40%
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	$0.65354	Dec 30, 2025
Dec 30, 2024	$0.72764	Dec 30, 2024
Dec 28, 2023	$0.44464	Dec 28, 2023
Dec 29, 2022	$0.69958	Dec 29, 2022
Dec 29, 2021	$0.71011	Dec 29, 2021
Dec 30, 2020	$0.13532	Dec 30, 2020

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

Data Sources Report a data error