Kinetics Small Capital Opportunities Advisor Fund Class A (KSOAX)
The Kinetics Small Capital Opportunities Advisor Fund (KSOAX) is an undiversified investment fund that puts all of its investable resources into the Small Cap Portfolio, which is part of the Kinetics Portfolios Trust. The Small Cap Portfolio is obliged to invest a minimum of 80% of its total assets and any borrowed funds used for investment purposes in common stocks, convertible securities, warrants, and other types of equity securities that share characteristics with common stocks. These securities are associated with small capitalization companies from the United States and foreign countries, which offer appealing valuation opportunities.
Fund Info
ISIN | US4946138397 |
---|---|
Issuer | Kinetics |
Inception Date | Dec 31, 2001 |
Category | Small Cap Growth Equities |
Min. Investment | $2,500 |
Asset Class | Equity |
Asset Class Size | Small-Cap |
Asset Class Style | Growth |
Expense Ratio
KSOAX has a high expense ratio of 1.89%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Kinetics Small Capital Opportunities Advisor Fund Class A, 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 Capital Opportunities Advisor Fund Class A had a return of 36.48% year-to-date (YTD) and 31.74% in the last 12 months. Over the past 10 years, Kinetics Small Capital Opportunities Advisor Fund Class A had an annualized return of 13.94%, outperforming the S&P 500 benchmark which had an annualized return of 10.87%.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 36.48% | 18.10% |
1 month | 1.28% | 1.42% |
6 months | 28.39% | 10.08% |
1 year | 31.74% | 26.58% |
5 years (annualized) | 20.62% | 13.42% |
10 years (annualized) | 13.94% | 10.87% |
Monthly Returns
The table below presents the monthly returns of KSOAX, 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 | -3.39% | 5.94% | 6.36% | -2.98% | 5.54% | 9.35% | 12.75% | 2.73% | 36.48% | ||||
2023 | -5.46% | -6.94% | -2.93% | -6.33% | -6.72% | 3.07% | 6.97% | 9.26% | -2.40% | -0.05% | -2.79% | -0.24% | -14.98% |
2022 | -8.45% | 8.06% | 9.65% | -3.60% | 5.93% | -8.35% | 16.38% | -2.54% | -4.95% | 18.12% | 7.86% | -5.60% | 31.64% |
2021 | 5.81% | 21.95% | 24.29% | 0.31% | -4.51% | 5.36% | -2.98% | -4.88% | -6.49% | 9.04% | -3.96% | 2.51% | 49.94% |
2020 | -0.89% | -5.99% | -29.62% | 20.75% | 1.58% | -0.59% | -1.94% | 3.09% | -8.84% | -1.20% | 23.87% | 13.16% | 2.04% |
2019 | 14.17% | 3.76% | 0.66% | 1.92% | -4.36% | 5.13% | 1.71% | -6.82% | 0.00% | -3.03% | 5.26% | 7.20% | 26.72% |
2018 | 7.61% | -1.83% | 0.19% | 3.22% | 7.86% | -0.10% | 1.96% | 3.11% | 0.67% | -6.88% | -7.91% | -6.41% | -0.00% |
2017 | 2.00% | -0.79% | -2.50% | 3.20% | -0.67% | 2.80% | 4.84% | 5.87% | 2.21% | -0.24% | 1.59% | 5.35% | 25.94% |
2016 | -7.00% | 1.55% | 7.70% | 4.10% | 0.24% | 0.09% | 1.21% | 1.25% | 5.19% | 0.79% | 6.66% | 0.76% | 24.06% |
2015 | -3.27% | 9.00% | -0.31% | -0.29% | 1.57% | -1.57% | -4.85% | -7.88% | -4.33% | 4.34% | 0.75% | -5.23% | -12.47% |
2014 | -3.17% | 5.19% | -1.47% | -1.57% | 3.14% | 1.74% | -4.85% | 5.77% | -4.45% | -1.15% | -0.72% | -5.48% | -7.54% |
2013 | 9.81% | 4.23% | 2.68% | 5.02% | 3.70% | 0.16% | 4.69% | -1.53% | 7.42% | 7.25% | 2.97% | 1.44% | 59.02% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of KSOAX is 48, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Kinetics Small Capital Opportunities Advisor Fund Class A (KSOAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Kinetics Small Capital Opportunities Advisor Fund Class A granted a 4.92% dividend yield in the last twelve months. The annual payout for that period amounted to $6.72 per share.
Period | TTM | 2023 | 2022 | 2021 |
---|---|---|---|---|
Dividend | $6.72 | $6.72 | $0.00 | $1.34 |
Dividend yield | 4.92% | 6.72% | 0.00% | 1.41% |
Monthly Dividends
The table displays the monthly dividend distributions for Kinetics Small Capital Opportunities Advisor Fund Class A. 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 | |||
2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.72 | $6.72 |
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 | $1.34 | $1.34 |
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 Capital Opportunities Advisor Fund Class A. 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 Capital Opportunities Advisor Fund Class A was 70.21%, occurring on Mar 9, 2009. Recovery took 1057 trading sessions.
The current Kinetics Small Capital Opportunities Advisor Fund Class A drawdown is 3.38%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-70.21% | Nov 1, 2007 | 338 | Mar 9, 2009 | 1057 | May 21, 2013 | 1395 |
-47.11% | Feb 20, 2020 | 23 | Mar 23, 2020 | 199 | Jan 5, 2021 | 222 |
-35.76% | Sep 4, 2014 | 363 | Feb 11, 2016 | 361 | Jul 19, 2017 | 724 |
-34.63% | Apr 19, 2002 | 121 | Oct 10, 2002 | 252 | Oct 13, 2003 | 373 |
-31.27% | Nov 16, 2022 | 134 | May 31, 2023 | 279 | Jul 11, 2024 | 413 |
Volatility
Volatility Chart
The current Kinetics Small Capital Opportunities Advisor Fund Class A volatility is 6.33%, 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.