Kinetics Spin-Off and Corporate Restructuring Fund Advisor Class C (LSHCX)
| Fund Assets | 35.85M |
| Expense Ratio | 2.29% |
| Min. Investment | $2,500 |
| Turnover | 6.00% |
| Dividend (ttm) | 1.27 |
| Dividend Yield | 4.54% |
| Dividend Growth | -26.73% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 30, 2024 |
| Previous Close | 27.94 |
| YTD Return | -4.57% |
| 1-Year Return | 33.46% |
| 5-Year Return | 262.94% |
| 52-Week Low | 21.35 |
| 52-Week High | 43.09 |
| Beta (5Y) | 1.00 |
| Holdings | 34 |
| Inception Date | May 24, 2007 |
About LSHCX
The Kinetics Spin-Off and Corporate Restructuring Fund Advisor Class C is an open-end mutual fund designed to capitalize on the market inefficiencies that can arise from corporate spin-offs, equity carve-outs, and other restructuring events. Managed by Horizon Kinetics Asset Management, the fund allocates at least 80% of its assets to equity securities of companies involved in these transformation processes, including spin-off entities, their parent companies, and firms influenced by activist shareholders driving restructuring efforts. Although it maintains a global perspective, it is primarily focused on U.S. equities and spans the full spectrum of market capitalizations. The fund takes a non-diversified approach, with a significant concentration in sectors such as mining, quarrying, and oil and gas extraction. By targeting companies often overlooked or temporarily mispriced by the broader investment community immediately following restructurings, the fund seeks to harness unique growth opportunities tied to corporate change events. Its investment process leverages in-depth fundamental analysis and a bottom-up stock picking methodology, aiming for long-term capital appreciation while benchmarking its performance against the S&P 500 Index.
Performance
LSHCX had a total return of 33.46% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.62%.
Top 10 Holdings
98.31% of assets| Name | Symbol | Weight |
|---|---|---|
| Texas Pacific Land Corporation | TPL | 77.55% |
| LandBridge Company LLC | LB | 4.90% |
| US BANK MMDA - USBGFS 7 | USBGFS7 | 4.43% |
| CSW Industrials Inc | CSWI | 3.74% |
| Associated Capital Group, Inc. | AC | 3.12% |
| GAMCO Investors Inc | GAMI | 2.16% |
| Civeo Corporation | CVEO | 0.98% |
| Hawaiian Electric Industries, Inc. | HE | 0.59% |
| SPDR ICE Preferred Securities ETF | PSK | 0.51% |
| Grayscale Bitcoin Mini Trust ETF | BTC | 0.33% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 30, 2024 | $1.26928 | Dec 30, 2024 |
| Dec 28, 2023 | $1.73222 | Dec 28, 2023 |
| Dec 29, 2022 | $0.440 | Dec 29, 2022 |
| Dec 29, 2021 | $0.0288 | Dec 29, 2021 |
| Dec 30, 2020 | $0.00288 | Dec 30, 2020 |
| Dec 28, 2018 | $0.45228 | Dec 28, 2018 |