Kinetics Spin-Off and Corp Rest No Load (LSHEX)

Fund Assets	33.55M
Expense Ratio	1.47%
Min. Investment	$2,500
Turnover	4.00%
Dividend (ttm)	2.69
Dividend Yield	8.30%
Dividend Growth	68.83%
Payout Frequency	Annual
Ex-Dividend Date	Dec 30, 2025

Previous Close	31.68
YTD Return	28.00%
1-Year Return	23.58%
5-Year Return	96.04%
52-Week Low	24.34
52-Week High	41.74
Beta (5Y)	1.76
Holdings	37
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.

• Fund Family: Kinetics
• Category: Miscellaneous Sector
• Performance Rating: High
• Risk Rating: High
• Stock Exchange: NASDAQ
• Ticker Symbol: LSHEX
• Share Class: No Load Class
• Index: S&P 500 TR

Performance

LSHEX had a total return of 23.58% in the past year, including dividends. Since the fund's inception, the average annual return has been 17.08%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
LSHUX	Institutional Class	1.23%
LSHAX	Advisor Class A	1.54%
LSHCX	Advisor Class C	2.25%

Top 10 Holdings

97.76% of assets

Name	Symbol	Weight
Texas Pacific Land Corporation	TPL	76.93%
US BANK MMDA - USBGFS 7	USBGFS7	5.89%
LandBridge Company LLC	LB	4.92%
Associated Capital Group Inc	ACGP	3.35%
Hawaiian Electric Industries, Inc.	HE	3.06%
GAMCO Investors Inc	GAMI	1.01%
WaterBridge Infrastructure LLC	WBI	0.94%
State Street SPDR ICE Preferred Securities ETF	PSK	0.69%
Civeo Corporation	CVEO	0.59%
Grayscale Bitcoin Mini Trust ETF	BTC	0.36%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 30, 2025	$2.68869	Dec 30, 2025
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

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:

Aug 27, 2026

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