Kinetics Paradigm Fund Advisor Class A (KNPAX)

Fund Assets	986.33M
Expense Ratio	1.872%
Min. Investment	$2,500
Turnover	3.00%
Dividend (ttm)	n/a
Dividend Yield	n/a
Dividend Growth	n/a
Payout Frequency	Annual
Ex-Dividend Date	Dec 30, 2025

Previous Close	113.46
YTD Return	13.85%
1-Year Return	5.87%
5-Year Return	95.27%
52-Week Low	99.27
52-Week High	153.75
Beta (5Y)	1.46
Holdings	1
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.

• Fund Family: Kinetics
• Category: Mid-Cap Growth
• Performance Rating: Above Average
• Risk Rating: High
• Stock Exchange: Nasdaq
• Ticker Symbol: KNPAX
• Share Class: Advisor Class A
• Index: S&P 500 TR

Performance

KNPAX had a total return of 5.87% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.65%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
KNPYX	Institutional Class	1.44%
WWNPX	No Load Class	1.64%
KNPCX	Advisor Class C	2.39%

Top Holdings

100.03% of assets

Name	Symbol	Weight
KINETICS PARADIGM PORTFOLIO	943320	100.03%

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

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:

Oct 16, 2026

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