Kinetics Paradigm Fund Class Institutional (KNPYX)
| Fund Assets | 1.30B |
| Expense Ratio | 1.44% |
| Min. Investment | $1,000,000 |
| Turnover | 2.00% |
| Dividend (ttm) | 4.16 |
| Dividend Yield | 3.26% |
| Dividend Growth | 0.60% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 30, 2024 |
| Previous Close | 130.88 |
| YTD Return | -6.02% |
| 1-Year Return | 26.07% |
| 5-Year Return | 229.74% |
| 52-Week Low | 97.71 |
| 52-Week High | 196.96 |
| Beta (5Y) | 1.00 |
| Holdings | 1 |
| Inception Date | May 27, 2005 |
About KNPYX
Kinetics Paradigm Fund Class Institutional is a non-diversified mutual fund designed to pursue long-term capital growth. The fund primarily invests its assets in the Paradigm Portfolio, targeting a select group of U.S. and global companies that are often considered underappreciated or misunderstood by the broader market. With an all-cap approach, the fund’s portfolio spans companies of various sizes, but it frequently emphasizes mid-cap growth opportunities, as reflected in its category classification. Its investment strategy centers on identifying businesses with enduring product life cycles and substantial barriers to entry, relying on proprietary in-house research to uncover original opportunities. The fund typically maintains a concentrated portfolio; as of the latest data, over 85% of assets were held in the top ten holdings, which span sectors such as energy, financial services, and technology. Notable positions have included significant allocations to companies like Texas Pacific Land Corp and exposure to alternative assets such as Bitcoin via the Grayscale Bitcoin Trust. The fund maintains a low portfolio turnover, focusing on capturing the intrinsic long-term value of its holdings, and is managed by Horizon Kinetics Asset Management. Its institutional share class requires a high minimum investment and is structured for investors seeking differentiated, research-driven exposure to growth-oriented equities and alternative assets.
Performance
KNPYX had a total return of 26.07% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.99%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 30, 2024 | $4.15574 | Dec 30, 2024 |
| Dec 28, 2023 | $4.13098 | Dec 28, 2023 |
| Dec 29, 2022 | $2.000 | Dec 29, 2022 |
| Dec 29, 2021 | $1.38036 | Dec 29, 2021 |
| Dec 30, 2020 | $1.27313 | Dec 30, 2020 |
| Dec 30, 2019 | $0.64251 | Dec 30, 2019 |