Kinetics Small Cap Opportunities Fund (KSCOX)
The fund is a non-diversified fund that invests all of its investable assets in the Small Cap Portfolio, a series of Kinetics Portfolios Trust. The Small Cap Portfolio invests at least 80% of its net assets plus any borrowings for investment purposes in common stocks, convertible securities, warrants and other equity securities having the characteristics of common stocks (such as American Depositary Receipts, Global Depositary Receipts and International Depositary Receipts) of U.S. and foreign small capitalization companies that provide attractive valuation opportunities. The fund is non-diversified.
Fund Info
| ISIN | US4946137068 |
|---|---|
| CUSIP | 494613706 |
| Issuer | Kinetics |
| Inception Date | Mar 20, 2000 |
| Category | Small Cap Growth Equities |
| Min. Investment | $2,500 |
| Asset Class | Equity |
Asset Class Size | Small-Cap |
Asset Class Style | Growth |
Expense Ratio
KSCOX has a high expense ratio of 1.64%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: KSCOX vs. VGIAX, KSCOX vs. VIGAX, KSCOX vs. VTSAX, KSCOX vs. VTMSX, KSCOX vs. FBGRX, KSCOX vs. FSELX, KSCOX vs. KMKAX, KSCOX vs. FSHOX, KSCOX vs. FSPCX, KSCOX vs. FSPTX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Kinetics Small Cap 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 Small Cap Opportunities Fund had a return of 94.27% year-to-date (YTD) and 82.58% in the last 12 months. Over the past 10 years, Kinetics Small Cap Opportunities Fund had an annualized return of 18.10%, outperforming the S&P 500 benchmark which had an annualized return of 11.39%.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 94.27% | 25.48% |
| 1 month | 18.43% | 2.14% |
| 6 months | 75.83% | 12.76% |
| 1 year | 82.58% | 33.14% |
| 5 years (annualized) | 28.11% | 13.96% |
| 10 years (annualized) | 18.10% | 11.39% |
Monthly Returns
The table below presents the monthly returns of KSCOX, 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 | -3.37% | 5.95% | 6.38% | -2.95% | 5.55% | 9.38% | 12.79% | 2.74% | 3.15% | 18.49% | 94.27% | ||
| 2023 | -5.45% | -6.91% | -2.91% | -6.31% | -6.71% | 3.09% | 6.99% | 9.28% | -2.39% | -0.03% | -2.77% | -5.28% | -19.08% |
| 2022 | -8.44% | 8.09% | 9.67% | -3.57% | 5.95% | -8.34% | 16.40% | -2.52% | -4.93% | 18.15% | 7.88% | -5.58% | 31.96% |
| 2021 | 5.82% | 21.98% | 24.32% | 0.34% | -4.49% | 5.38% | -2.96% | -4.86% | -6.46% | 9.05% | -3.93% | 2.54% | 50.32% |
| 2020 | -0.87% | -5.98% | -29.60% | 20.79% | 1.60% | -0.59% | -1.91% | 3.12% | -8.83% | -1.18% | 23.91% | 13.18% | 2.30% |
| 2019 | 14.22% | 3.78% | 0.67% | 1.94% | -4.33% | 5.15% | 1.73% | -6.81% | 0.03% | -3.02% | 5.27% | 7.24% | 27.06% |
| 2018 | 7.65% | -1.81% | 0.20% | 3.24% | 7.91% | -0.07% | 2.00% | 3.11% | 0.69% | -6.86% | -7.88% | -6.39% | 0.29% |
| 2017 | 2.00% | -0.77% | -2.46% | 3.22% | -0.65% | 2.82% | 4.85% | 5.89% | 2.26% | -0.25% | 1.61% | 5.39% | 26.23% |
| 2016 | -6.99% | 1.58% | 7.72% | 4.15% | 0.23% | 0.12% | 1.24% | 1.28% | 5.20% | 0.83% | 6.67% | 0.79% | 24.39% |
| 2015 | -3.28% | 9.03% | -0.28% | -0.28% | 1.59% | -1.54% | -4.84% | -7.84% | -4.32% | 4.37% | 0.76% | -5.20% | -12.26% |
| 2014 | -3.14% | 5.20% | -1.44% | -1.56% | 3.18% | 1.78% | -4.85% | 5.78% | -4.41% | -1.15% | -0.68% | -5.44% | -7.28% |
| 2013 | 9.85% | 4.23% | 2.71% | 5.03% | 3.73% | 0.16% | 4.71% | -1.51% | 7.45% | 7.26% | 3.00% | 1.47% | 59.40% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of KSCOX is 89, placing it in the top 11% 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 Small Cap Opportunities Fund (KSCOX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Kinetics Small Cap Opportunities Fund provided a 0.64% dividend yield over the last twelve months, with an annual payout of $1.30 per share.
| Period | TTM | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Dividend | $1.30 | $1.30 | $0.00 | $1.65 |
Dividend yield | 0.64% | 1.25% | 0.00% | 1.67% |
Monthly Dividends
The table displays the monthly dividend distributions for Kinetics Small Cap 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 | $1.30 | $1.30 |
| 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 | $1.65 | $1.65 |
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 Small Cap 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 Small Cap Opportunities Fund was 70.78%, occurring on Mar 9, 2009. Recovery took 1094 trading sessions.
The current Kinetics Small Cap Opportunities Fund drawdown is 2.03%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -70.78% | Nov 1, 2007 | 338 | Mar 9, 2009 | 1094 | Jul 15, 2013 | 1432 |
| -47.09% | Feb 20, 2020 | 23 | Mar 23, 2020 | 199 | Jan 5, 2021 | 222 |
| -36.77% | Nov 7, 2001 | 232 | Oct 10, 2002 | 262 | Oct 27, 2003 | 494 |
| -35.54% | Sep 4, 2014 | 363 | Feb 11, 2016 | 357 | Jul 13, 2017 | 720 |
| -31.18% | Nov 16, 2022 | 134 | May 31, 2023 | 282 | Jul 16, 2024 | 416 |
Volatility
Volatility Chart
The current Kinetics Small Cap Opportunities Fund volatility is 6.24%, 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.