• Kinetics Spin-Off and Corporate Restructuring Fund

Kinetics

  • Global
  • Mid-Cap
  • Core

Kinetics Spin-Off and Corporate Restructuring Fund

LSHAX

Summary

The fund seeks capital appreciation in the long term by investing in companies across any size outside the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in securities of spin-off companies, companies subject to other forms of corporate restructuring, parents of any such companies, and publicly traded shareholder activist holding companies which, by way of their shareholder ownership in other companies, have caused such other companies More

Price

Last Close

$17.71 ( -0.58 )

52 Week HL

$21.3 - $15.49

Net Assets

$24.3 M

Expense Ratio

1.56 %

Sector Allocation

Mar 31, 2021

Top 10 Holdings

Mar 31, 2021

Company Name

  • Texas Pacific
  • PayPal Holdings,
  • DREAM Unlimited
  • CSW Industrials,
  • Associated Capital

Holding

  • 61.3
  • 8.2
  • 5.4
  • 5.4
  • 4.2

Company Name

  • The Howard
  • Graham Holdings
  • Liberty Broadband
  • Capital Southwest
  • Welbilt, Inc.
  • Total

Holding

  • 2.2
  • 2.0
  • 1.5
  • 1.4
  • 1.1
  • 92.7%

Manager

Name

Murray Stahl

Leadership

Single Manager

Tenure

2003

Advisor

Documents

Prospectus

Summary

Annual Reports

Website

Link

Performance

YTD

-4 %

3 Year

55.22%

5 Year

116.78%

Best

42.92%
2013

Worst

-13.42%
2011

Returns +
Quarterly

2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
Q1 4.3% 57.7% -38.9% 24.1% 2.3% 1% -2.4% 5.1% 0.7% 13.5% -
Q2 -8% 4.6% 32.8% 0.3% 12% 1.8% 3.6% -3.1% 3.2% 5.8% -
Q3 - -9.4% -5.5% -9.3% 8.1% 9.9% 4.6% -12.6% -4.2% 8.7% -
Q4 - 3.4% 36.4% 12.5% -25.1% 1.8% 5.7% -0.7% -4.5% 9.3% -

Returns +
Monthly

J F M A M J J A S O N D
2022 -11.2% 1.3% 15.9% -2.5% -5.7% - - - - - - -
2021 6.2% 20.7% 23.1% 0.6% -2.8% 6.9% -4.4% -4.2% -1.1% -1.7% -6.8% 4.2%

+
Annual

    2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
    0%29%16%29%-6%19%8%-1%14%29%0%

Alpha

2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
LSHAX -4%43%5%31%-8%16%12%-12%-5%43%26%
S&P 500 -29%16%29%-6%19%8%-1%14%29%-
Alpha -4%14%-11%3%-2%-3%4%-11%-18%14%26%

LSHAX S&P 500

Chart +