Kinetics Spin-Off and Corp Rest Adv A (LSHAX)
| Fund Assets | 29.60M |
| Expense Ratio | 1.54% |
| Min. Investment | $2,500 |
| Turnover | 6.00% |
| Dividend (ttm) | 1.50 |
| Dividend Yield | 5.11% |
| Dividend Growth | -13.67% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 30, 2024 |
| Previous Close | 27.60 |
| YTD Return | -14.02% |
| 1-Year Return | 8.99% |
| 5-Year Return | 233.66% |
| 52-Week Low | 25.81 |
| 52-Week High | 48.01 |
| Beta (5Y) | n/a |
| Holdings | 35 |
| Inception Date | May 4, 2007 |
About LSHAX
Kinetics Spin-Off and Corporate Restructuring Fund Advisor Class A is a mutual fund designed to achieve long-term capital growth by focusing on unique corporate events in the equity markets. The fund primarily invests at least 80% of its assets in companies that are either the result of corporate spin-offs, subsidiaries created through partial public offerings, or firms undergoing significant restructuring. Its strategy centers on leveraging market inefficiencies that frequently occur after such corporate actions, including the initial undervaluation of newly independent entities due to limited analyst coverage and temporary selling pressure. The fund takes a global, all-cap approach, though it predominantly holds U.S.-listed securities. Sector allocations are notably concentrated, with a significant emphasis on industries like mining, quarrying, and oil and gas extraction, alongside exposures to finance, industrials, and real estate. Through its specialized focus, the fund provides investors with access to a niche segment of the equity market often overlooked by more traditional funds, playing a distinct role in diversified portfolios seeking opportunities in the aftermath of corporate transitions.
Performance
LSHAX had a total return of 8.99% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.61%.
Top 10 Holdings
97.90% of assets| Name | Symbol | Weight |
|---|---|---|
| Texas Pacific Land Corporation | TPL | 76.27% |
| LandBridge Company LLC | LB | 5.79% |
| CSW Industrials, Inc. | CSW | 4.63% |
| Accor SA | AC | 3.85% |
| GAMCO Investors Inc | GAMI | 2.82% |
| Civeo Corporation | CVEO | 1.24% |
| US BANK MMDA - USBGFS 7 | USBGFS7 | 1.13% |
| Hawaiian Electric Industries, Inc. | HE | 0.86% |
| Grayscale Bitcoin Mini Trust ETF | BTC | 0.69% |
| SPDR ICE Preferred Securities ETF | PSK | 0.62% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 30, 2024 | $1.49538 | Dec 30, 2024 |
| Dec 28, 2023 | $1.73208 | Dec 28, 2023 |
| Dec 29, 2022 | $0.440 | Dec 29, 2022 |
| Dec 29, 2021 | $0.02037 | Dec 29, 2021 |
| Dec 30, 2020 | $0.06821 | Dec 30, 2020 |
| Dec 28, 2018 | $0.45228 | Dec 28, 2018 |