Kinetics Market Opportunities Fund (KMKAX)
The investment seeks long-term growth of capital. The fund is a non-diversified fund that invests all of its investable assets in the Market Opportunities Portfolio, a series of Kinetics Portfolios Trust. The Market Opportunities Portfolio normally invests at least 65% of its net assets in common stocks, convertible securities, warrants and other equity securities having the characteristics of common stocks of U.S. and foreign companies involved in capital markets or related to capital markets, as well as companies involved in the gaming industry.
Fund Info
| ISIN | US4946137712 |
|---|---|
| Issuer | Kinetics |
| Inception Date | Jan 31, 2006 |
| Category | Mid Cap Growth Equities |
| Min. Investment | $2,500 |
| Asset Class | Equity |
Asset Class Size | Mid-Cap |
Asset Class Style | Growth |
Expense Ratio
KMKAX has a high expense ratio of 1.65%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: KMKAX vs. KSCOX, KMKAX vs. USNQX, KMKAX vs. HFMDX, KMKAX vs. FBGRX, KMKAX vs. FSELX, KMKAX vs. GQEPX, KMKAX vs. FSPTX, KMKAX vs. PRWAX, KMKAX vs. SWLGX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Kinetics Market Opportunities Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Kinetics Market Opportunities Fund had a return of 104.91% year-to-date (YTD) and 107.45% in the last 12 months. Over the past 10 years, Kinetics Market Opportunities Fund had an annualized return of 17.44%, outperforming the S&P 500 benchmark which had an annualized return of 11.39%.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 104.91% | 25.48% |
| 1 month | 23.03% | 2.14% |
| 6 months | 71.45% | 12.76% |
| 1 year | 107.45% | 33.14% |
| 5 years (annualized) | 27.94% | 13.96% |
| 10 years (annualized) | 17.44% | 11.39% |
Monthly Returns
The table below presents the monthly returns of KMKAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -1.48% | 12.36% | 7.95% | -5.41% | 7.38% | 5.85% | 11.71% | -0.29% | 2.89% | 20.55% | 104.91% | ||
| 2023 | -6.83% | -6.63% | 0.23% | -6.40% | -6.95% | 3.70% | 6.55% | 10.35% | -1.90% | 3.44% | -2.23% | 0.62% | -7.57% |
| 2022 | -9.41% | 5.30% | 6.63% | -3.31% | 1.49% | -8.16% | 13.13% | -1.93% | -3.63% | 16.74% | 6.94% | -7.40% | 13.33% |
| 2021 | 4.59% | 16.40% | 19.75% | -1.16% | -9.01% | 4.01% | -0.63% | -2.42% | -6.46% | 11.58% | -4.00% | -3.72% | 27.57% |
| 2020 | 1.33% | -4.35% | -19.15% | 15.78% | 2.26% | -1.03% | 0.75% | 1.93% | -7.22% | 2.09% | 17.93% | 13.28% | 19.31% |
| 2019 | 9.49% | 3.23% | 1.73% | 3.16% | -0.27% | 6.14% | 0.07% | -6.96% | -0.92% | -2.69% | 3.92% | 4.52% | 22.42% |
| 2018 | -0.30% | 0.95% | -6.06% | 6.29% | 4.60% | -3.17% | 3.42% | 3.20% | -0.14% | -5.86% | -8.79% | -12.64% | -18.63% |
| 2017 | 1.05% | -0.55% | -1.98% | 3.09% | 4.31% | 1.78% | 4.06% | 13.12% | -3.05% | 1.53% | 7.84% | 9.05% | 46.89% |
| 2016 | -4.19% | 1.53% | 5.19% | 1.04% | 1.29% | 0.13% | -0.13% | 0.76% | 4.85% | 1.68% | 5.14% | 1.57% | 20.15% |
| 2015 | -2.05% | 5.35% | -1.05% | 1.53% | 0.06% | -1.45% | -2.42% | -4.77% | -2.28% | 3.90% | -0.31% | -5.71% | -9.34% |
| 2014 | -3.75% | 4.78% | -1.92% | -2.41% | 2.41% | 1.55% | -1.58% | 4.54% | -4.57% | 0.23% | 0.11% | -4.71% | -5.74% |
| 2013 | 9.61% | 3.33% | 1.83% | 5.39% | 1.77% | -1.27% | 4.34% | -4.36% | 5.71% | 6.24% | 5.33% | 1.52% | 46.36% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of KMKAX is 95, placing it in the top 5% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Kinetics Market Opportunities Fund (KMKAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Kinetics Market Opportunities Fund provided a 0.34% dividend yield over the last twelve months, with an annual payout of $0.28 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.28 | $0.28 | $0.00 | $0.47 | $0.01 | $0.02 | $0.00 | $0.14 | $0.00 | $0.00 | $0.00 | $0.07 |
Dividend yield | 0.34% | 0.69% | 0.00% | 1.19% | 0.02% | 0.07% | 0.00% | 0.51% | 0.00% | 0.00% | 0.00% | 0.37% |
Monthly Dividends
The table displays the monthly dividend distributions for Kinetics Market Opportunities Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.28 | $0.28 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.47 | $0.47 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.02 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.14 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2013 | $0.07 | $0.07 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Kinetics Market Opportunities Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Kinetics Market Opportunities Fund was 66.35%, occurring on Mar 9, 2009. Recovery took 1149 trading sessions.
The current Kinetics Market Opportunities Fund drawdown is 1.75%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -66.35% | Nov 1, 2007 | 338 | Mar 9, 2009 | 1149 | Oct 1, 2013 | 1487 |
| -35.3% | Dec 19, 2017 | 567 | Mar 23, 2020 | 187 | Dec 16, 2020 | 754 |
| -32.38% | Nov 8, 2022 | 137 | May 25, 2023 | 220 | Apr 11, 2024 | 357 |
| -26.92% | May 10, 2021 | 183 | Jan 27, 2022 | 195 | Nov 4, 2022 | 378 |
| -26% | Sep 5, 2014 | 362 | Feb 11, 2016 | 227 | Jan 5, 2017 | 589 |
Volatility
Volatility Chart
The current Kinetics Market Opportunities Fund volatility is 7.02%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.