Kinetics Spin-Off and Corporate Restructuring Fund No Load Class (LSHEX)
| Fund Assets | 33.44M |
| Expense Ratio | 1.49% |
| Min. Investment | $2,500 |
| Turnover | 6.00% |
| Dividend (ttm) | 1.59 |
| Dividend Yield | 5.18% |
| Dividend Growth | -8.06% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 30, 2024 |
| Previous Close | 30.55 |
| YTD Return | -9.94% |
| 1-Year Return | 14.38% |
| 5-Year Return | 237.27% |
| 52-Week Low | 26.21 |
| 52-Week High | 50.74 |
| Beta (5Y) | n/a |
| Holdings | 34 |
| Inception Date | Dec 11, 2017 |
About LSHEX
LSH Equity Fund is a mutual fund focused on achieving long-term capital appreciation through a specialized investment strategy. The fund primarily invests at least 80% of its net assets in equity securities associated with corporate spin-offs and restructuring events, targeting companies that are undergoing significant organizational changes. This approach seeks to capitalize on value opportunities created by these unique corporate actions, often resulting in enhanced growth prospects or unlocking shareholder value. The fund's investment universe may span diverse sectors, as spin-offs and restructurings occur across multiple industries. By concentrating on these market events, LSH Equity Fund provides investors with targeted exposure to a segment of the equity market that can behave differently from traditional broad-market funds, adding diversification to an overall portfolio. The fund operates as a no-load class, allowing for flexible entry and exit without sales charges, and is designed for investors seeking a long-term approach to equity growth within a distinctive niche of the financial markets.
Performance
LSHEX had a total return of 14.38% in the past year, including dividends. Since the fund's inception, the average annual return has been 17.61%.
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 | $1.59257 | Dec 30, 2024 |
| Dec 28, 2023 | $1.73213 | Dec 28, 2023 |
| Dec 29, 2022 | $0.440 | Dec 29, 2022 |
| Dec 29, 2021 | $0.01976 | Dec 29, 2021 |
| Dec 30, 2020 | $0.07711 | Dec 30, 2020 |
| Dec 28, 2018 | $0.45228 | Dec 28, 2018 |