Kinetics Spin-Off and Corporate Restructuring Fund (LSHAX)
The investment seeks to achieve long-term growth of capital. The fund will pursue its investment objective by investing at least 80% of its net assets (plus borrowings for investment purposes) in equity 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 to undergo spin-offs and other forms of corporate restructurings. It may invest in any size company, including small- and medium-sized companies. The fund is non-diversified.
Fund Info
US4946135575
494613557
May 4, 2007
$2,500
Mid-Cap
Growth
Expense Ratio
LSHAX has a high expense ratio of 1.68%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Kinetics Spin-Off and Corporate Restructuring Fund (LSHAX) returned 11.68% year-to-date (YTD) and 72.29% over the past 12 months. Over the past 10 years, LSHAX delivered an annualized return of 13.63%, outperforming the S&P 500 benchmark at 10.46%.
LSHAX
11.68%
8.21%
-10.37%
72.29%
32.63%
13.63%
^GSPC (Benchmark)
-3.77%
7.44%
-5.60%
8.37%
14.12%
10.46%
Monthly Returns
The table below presents the monthly returns of LSHAX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 12.83% | 7.81% | -5.86% | -2.31% | -0.17% | 11.68% | |||||||
| 2024 | -4.51% | 5.46% | 7.01% | -0.60% | 6.23% | 13.31% | 14.86% | 1.98% | 2.52% | 22.62% | 29.37% | -28.42% | 75.79% |
| 2023 | -7.62% | -7.56% | -4.11% | -8.19% | -6.59% | 2.22% | 9.34% | 13.22% | -2.56% | -0.55% | -5.10% | -9.90% | -26.37% |
| 2022 | -8.92% | 4.80% | 9.28% | -2.52% | 8.55% | -7.28% | 17.85% | -1.45% | -4.83% | 21.47% | 9.04% | -8.54% | 37.03% |
| 2021 | 6.16% | 20.65% | 23.14% | 0.59% | -2.75% | 6.88% | -4.40% | -4.16% | -7.74% | 3.47% | -5.08% | 4.27% | 42.75% |
| 2020 | -2.12% | -7.01% | -32.82% | 24.97% | 4.70% | 1.53% | -0.50% | 2.42% | -7.30% | -2.45% | 25.19% | 12.28% | 5.22% |
| 2019 | 17.26% | 5.58% | 0.26% | 3.45% | -7.76% | 6.79% | 1.86% | -10.07% | 0.74% | -3.40% | 7.32% | 8.50% | 31.30% |
| 2018 | 5.72% | -3.19% | 0.00% | 0.73% | 8.55% | 1.42% | 1.40% | 5.46% | 1.16% | -10.53% | -9.39% | -12.15% | -12.56% |
| 2017 | 1.25% | 1.13% | -1.32% | 1.34% | -1.43% | 1.86% | 4.87% | 3.48% | 1.31% | 0.37% | 0.18% | -2.11% | 11.26% |
| 2016 | -10.19% | 1.15% | 7.44% | -0.00% | 2.00% | 1.61% | 1.36% | -0.34% | 3.59% | -1.62% | 6.05% | -0.52% | 9.85% |
| 2015 | -3.14% | 8.46% | 0.00% | -1.54% | 0.10% | -1.66% | -2.78% | -6.65% | -3.72% | 6.03% | -0.21% | -6.13% | -11.64% |
| 2014 | -3.46% | 6.28% | -1.88% | -1.34% | 2.13% | 2.37% | -2.59% | 4.57% | -5.91% | 0.19% | 0.87% | -5.45% | -4.91% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 91, LSHAX is among the top 9% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Kinetics Spin-Off and Corporate Restructuring Fund (LSHAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Kinetics Spin-Off and Corporate Restructuring Fund provided a 0.84% dividend yield over the last twelve months, with an annual payout of $0.30 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Dividend | $0.30 | $0.30 | $0.03 | $0.00 | $0.02 | $0.07 |
Dividend yield | 0.84% | 0.93% | 0.14% | 0.00% | 0.11% | 0.53% |
Monthly Dividends
The table displays the monthly dividend distributions for Kinetics Spin-Off and Corporate Restructuring 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 | $0.30 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.03 |
| 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 | $0.02 | $0.02 |
| 2020 | $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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Kinetics Spin-Off and Corporate Restructuring 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 Spin-Off and Corporate Restructuring Fund was 68.98%, occurring on Mar 9, 2009. Recovery took 1381 trading sessions.
The current Kinetics Spin-Off and Corporate Restructuring Fund drawdown is 24.67%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -68.98% | Nov 1, 2007 | 338 | Mar 9, 2009 | 1381 | Sep 3, 2014 | 1719 |
| -52.09% | Oct 4, 2018 | 368 | Mar 23, 2020 | 199 | Jan 5, 2021 | 567 |
| -38.8% | Nov 16, 2022 | 311 | Feb 13, 2024 | 151 | Sep 19, 2024 | 462 |
| -36.79% | Sep 4, 2014 | 363 | Feb 11, 2016 | 473 | Dec 27, 2017 | 836 |
| -35.39% | Nov 25, 2024 | 89 | Apr 4, 2025 | — | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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