Kinetics Paradigm Fund Advisor Class A (KNPAX)
| Fund Assets | 1.45B |
| Expense Ratio | 1.89% |
| Min. Investment | $2,500 |
| Turnover | 3.00% |
| Dividend (ttm) | 8.69 |
| Dividend Yield | 6.01% |
| Dividend Growth | 124.85% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 30, 2025 |
| Previous Close | 136.11 |
| YTD Return | 38.67% |
| 1-Year Return | 6.24% |
| 5-Year Return | 114.83% |
| 52-Week Low | 99.27 |
| 52-Week High | 156.15 |
| Beta (5Y) | n/a |
| Holdings | 51 |
| Inception Date | Apr 26, 2001 |
About KNPAX
Kinetics Paradigm Fund Advisor Class A is an open-end mutual fund focused on uncovering long-term growth opportunities by investing in misunderstood or underappreciated companies, primarily within the United States. The fund employs a global, all-cap approach, targeting businesses with durable product life cycles and significant barriers to entry. Its strategy is research-driven, prioritizing companies for which the market undervalues the distinction between temporary and permanent challenges. Managed with a low-turnover philosophy, the fund tends to hold concentrated positions, as reflected by a significant portion of assets allocated to its top holdings, often exceeding 90%. The portfolio is non-diversified, offering exposure across sectors such as energy, financial services, technology, and alternative assets. Notably, Texas Pacific Land Corp and Grayscale Bitcoin Trust have been among the largest allocations in recent periods. Designed for investors seeking capital appreciation, the fund stands out for its distinctive selection process and deep fundamental research aiming to mirror the long-term performance of its underlying businesses.
Performance
KNPAX had a total return of 6.24% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.81%.
Top 10 Holdings
94.43% of assets| Name | Symbol | Weight |
|---|---|---|
| Texas Pacific Land Corporation | TPL | 62.62% |
| Grayscale Bitcoin Trust ETF | GBTC | 12.77% |
| LandBridge Company LLC | LB | 4.31% |
| Brookfield Corporation | BN | 3.75% |
| Hawaiian Electric Industries, Inc. | HE | 3.35% |
| Franco-Nevada Corporation | FNV | 1.99% |
| Grayscale Bitcoin Mini Trust ETF | BTC | 1.45% |
| Cboe Global Markets, Inc. | CBOE | 1.45% |
| CACI International Inc | CACI | 1.38% |
| Live Nation Entertainment, Inc. | LYV | 1.37% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 30, 2025 | $8.68572 | Dec 30, 2025 |
| Dec 30, 2024 | $3.86288 | Dec 30, 2024 |
| Dec 28, 2023 | $4.13098 | Dec 28, 2023 |
| Dec 29, 2022 | $1.85123 | Dec 29, 2022 |
| Dec 29, 2021 | $1.22165 | Dec 29, 2021 |
| Dec 30, 2020 | $1.05332 | Dec 30, 2020 |