Kinetics Internet Fund
Name
As of 11/08/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
71.8%
1 yr return
82.2%
3 Yr Avg Return
12.1%
5 Yr Avg Return
24.5%
Net Assets
$235 M
Holdings in Top 10
68.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.00%
SALES FEES
Front Load 5.75%
Deferred Load N/A
TRADING FEES
Turnover 4.00%
Redemption Fee 2.00%
Min Investment
Standard (Taxable)
$2,500
IRA
$2,500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/08/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
KINAX - Profile
Distributions
- YTD Total Return 71.8%
- 3 Yr Annualized Total Return 12.1%
- 5 Yr Annualized Total Return 24.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -1.54%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameKinetics Internet Fund
-
Fund Family Name7
-
Inception DateOct 21, 1996
-
Shares Outstanding60606
-
Share ClassAdv
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMurray Stahl
Fund Description
KINAX - Performance
Return Ranking - Trailing
Period | KINAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 71.8% | -30.9% | 100.1% | 5.88% |
1 Yr | 82.2% | -19.6% | 116.9% | 8.82% |
3 Yr | 12.1%* | -44.1% | 20.7% | 8.82% |
5 Yr | 24.5%* | -26.8% | 24.6% | 6.25% |
10 Yr | 15.7%* | -1.6% | 15.9% | 11.76% |
* Annualized
Return Ranking - Calendar
Period | KINAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 28.4% | -34.8% | 38.7% | 11.76% |
2022 | -25.2% | -72.7% | 8.2% | 47.06% |
2021 | 14.0% | -31.7% | 27.4% | 27.27% |
2020 | 56.0% | -29.0% | 233.6% | 37.50% |
2019 | 24.1% | -2.0% | 66.0% | 55.56% |
Total Return Ranking - Trailing
Period | KINAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 71.8% | -30.9% | 100.1% | 5.88% |
1 Yr | 82.2% | -19.6% | 116.9% | 8.82% |
3 Yr | 12.1%* | -44.1% | 20.7% | 8.82% |
5 Yr | 24.5%* | -26.8% | 24.6% | 6.25% |
10 Yr | 15.7%* | -1.6% | 15.9% | 11.76% |
* Annualized
Total Return Ranking - Calendar
Period | KINAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 29.4% | -33.0% | 39.0% | 11.76% |
2022 | -24.5% | -72.7% | 8.2% | 47.06% |
2021 | 15.1% | -31.7% | 28.3% | 30.30% |
2020 | 56.0% | -28.9% | 233.9% | 40.63% |
2019 | 26.1% | 0.4% | 66.5% | 55.56% |
NAV & Total Return History
KINAX - Holdings
Concentration Analysis
KINAX | Category Low | Category High | KINAX % Rank | |
---|---|---|---|---|
Net Assets | 235 M | 3.65 M | 31.2 B | 55.88% |
Number of Holdings | 45 | 20 | 389 | 61.76% |
Net Assets in Top 10 | 137 M | 2.31 M | 5.86 B | 61.76% |
Weighting of Top 10 | 68.39% | 11.2% | 90.4% | 20.59% |
Top 10 Holdings
- Grayscale Bitcoin Trust (BTC) 32.77%
- Texas Pacific Land Corp 14.21%
- Texas Pacific Land 8.80%
- CACI International Inc Class A 6.02%
- PayPal Holdings Inc 4.77%
- OTC Markets Group Inc 3.75%
- Visa Inc Class A 2.33%
- LendingTree Inc 2.29%
- Alphabet Inc Class C 2.23%
- Alphabet Inc Class A 2.22%
Asset Allocation
Weighting | Return Low | Return High | KINAX % Rank | |
---|---|---|---|---|
Stocks | 44.32% | 0.00% | 101.10% | 70.59% |
Other | 33.83% | -7.62% | 91.95% | 8.82% |
Cash | 21.86% | 0.00% | 99.38% | 23.53% |
Preferred Stocks | 0.00% | 0.00% | 45.05% | 76.47% |
Convertible Bonds | 0.00% | 0.00% | 3.05% | 72.73% |
Bonds | 0.00% | 0.00% | 97.85% | 70.59% |
Stock Sector Breakdown
Weighting | Return Low | Return High | KINAX % Rank | |
---|---|---|---|---|
Energy | 32.10% | 0.00% | 32.10% | 8.00% |
Financial Services | 24.87% | 0.00% | 95.51% | 16.00% |
Technology | 19.67% | 0.00% | 72.56% | 52.00% |
Communication Services | 16.38% | 0.00% | 16.38% | 8.00% |
Consumer Cyclical | 5.08% | 0.00% | 34.19% | 56.00% |
Industrials | 1.70% | 0.00% | 90.47% | 88.00% |
Basic Materials | 0.20% | 0.00% | 17.92% | 64.00% |
Utilities | 0.00% | 0.00% | 85.14% | 80.00% |
Real Estate | 0.00% | 0.00% | 16.54% | 80.00% |
Healthcare | 0.00% | 0.00% | 65.82% | 72.00% |
Consumer Defense | 0.00% | 0.00% | 50.44% | 68.00% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | KINAX % Rank | |
---|---|---|---|---|
US | 43.72% | 0.00% | 101.10% | 55.88% |
Non US | 0.60% | 0.00% | 82.82% | 64.71% |
KINAX - Expenses
Operational Fees
KINAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.00% | 0.41% | 5.61% | 23.53% |
Management Fee | 1.25% | 0.25% | 1.90% | 79.41% |
12b-1 Fee | 0.50% | 0.00% | 1.00% | 91.67% |
Administrative Fee | N/A | 0.03% | 0.19% | 15.47% |
Sales Fees
KINAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 5.75% | 4.25% | 5.75% | 66.67% |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
KINAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 2.00% | 2.00% | 2.00% | 75.00% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
KINAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 4.00% | 0.00% | 124.00% | 13.64% |
KINAX - Distributions
Dividend Yield Analysis
KINAX | Category Low | Category High | KINAX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 12.45% | 97.06% |
Dividend Distribution Analysis
KINAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | Quarterly | Annual |
Net Income Ratio Analysis
KINAX | Category Low | Category High | KINAX % Rank | |
---|---|---|---|---|
Net Income Ratio | -1.54% | -2.66% | 5.19% | 88.24% |
Capital Gain Distribution Analysis
KINAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 28, 2023 | $0.441 | CapitalGainLongTerm |
Dec 29, 2022 | $0.383 | CapitalGainLongTerm |
Dec 29, 2021 | $0.515 | CapitalGainLongTerm |
Dec 30, 2019 | $0.019 | CapitalGainShortTerm |
Dec 30, 2019 | $0.474 | CapitalGainLongTerm |
Dec 28, 2018 | $0.270 | CapitalGainShortTerm |
Dec 28, 2018 | $10.495 | CapitalGainLongTerm |
Dec 28, 2017 | $0.014 | CapitalGainShortTerm |
Dec 28, 2017 | $9.629 | CapitalGainLongTerm |
Dec 30, 2016 | $3.431 | CapitalGainLongTerm |
Dec 30, 2015 | $11.351 | CapitalGainLongTerm |
Dec 30, 2014 | $3.115 | CapitalGainLongTerm |
Dec 30, 2013 | $3.022 | CapitalGainLongTerm |
Dec 27, 2012 | $1.489 | CapitalGainLongTerm |
Dec 29, 2011 | $0.255 | CapitalGainLongTerm |
Dec 30, 2009 | $0.037 | OrdinaryDividend |
Dec 30, 2008 | $0.048 | OrdinaryDividend |
Dec 27, 2007 | $0.302 | OrdinaryDividend |
Dec 27, 2006 | $0.107 | OrdinaryDividend |
Dec 30, 2005 | $0.143 | OrdinaryDividend |
Dec 30, 2004 | $0.229 | OrdinaryDividend |
KINAX - Fund Manager Analysis
Managers
Murray Stahl
Start Date
Tenure
Tenure Rank
Apr 30, 1999
23.1
23.1%
Mr. Stahl is a Portfolio Manager at Horizon and is Chief Executive Officer, Chairman of the Board and is a co-founder of Horizon Kinetics. Mr. Stahl serves as the Firm's Chief Investment Officer, and chairs the Firm's Investment Committee, which is responsible for portfolio management decisions across the entire firm. Previously, Murray spent 16 years at Bankers Trust Company (1978-1994) as a senior portfolio manager and research analyst. He was also a member of the Equity Strategy Group and the Investment Strategy Group, which established asset allocation guidelines for the Private Bank. Murray received a BA and MA from Brooklyn College and an MBA from Pace University.
Peter Doyle
Start Date
Tenure
Tenure Rank
Jun 30, 1999
22.93
22.9%
Peter is a Senior Member of Horizon Kinetics’ Research Team. He is a member of the Investment Committee and the Board and manages customized portfolios for a number of Horizon Kinetics’ private clients. Peter is also the President of the Kinetics Mutual Funds, Inc., a series of U.S. mutual funds managed by Kinetics Asset Management LLC, a subsidiary of Horizon Kinetics. Previously, Peter was with Bankers Trust Company as a Senior Investment Officer, where he also served on the Finance, Utility and REIT Research sub-group teams. Peter received a BS from St. John’s University and an MBA from Fordham University
Steven Tuen
Start Date
Tenure
Tenure Rank
Jun 30, 1999
22.93
22.9%
Steven Tuen joined the Investment Adviser in 1999 as a research analyst. He joined Horizon in 1996, also as a research analyst, and between 1999 and 2011 was a dual employee of both the Investment Adviser and Horizon. Previously, Steven spent seven years with Bankers Trust Company as a Portfolio Manager in the Private Client Group, serving high net worth individual and trust accounts. He received a Bachelors of Business Administration from Baruch College – City University of New York. Steve is a CFA® charter holder and a member of the CFA Institute as well as the New York Society of Security Analysts.
James Davolos
Start Date
Tenure
Tenure Rank
Apr 30, 2006
16.1
16.1%
James joined the firm in 2005 and currently serves as an Assistant Portfolio Manager for several funds. He began his investment career with the firm in 2005, as a member of the trading desk and transitioned to the investment team in December 2006. James began his tenure on the investment team as a junior analyst covering investment and research opportunities for various strategies managed by the firm. James received a BBA in Finance from Loyola University in Maryland and was a member of the Sellinger Scholars business honors program.
Steven Bregman
Start Date
Tenure
Tenure Rank
Dec 31, 2015
6.42
6.4%
Steven is the Portfolio Manager of Horizon’s Core Value strategy and was a co-founder of the Firm. Steven serves on the Investment Committee, the Board and is a senior member of Horizon Kinetics’ Research Team, with oversight responsibilities for all research reports produced by the Firm. Previously, he was a senior investment officer in the Private Bank at Bankers Trust Company (1985-1994), where he was a member of the Institutional/Individual Group responsible for the bank’s larger individual relationships and for setting equity investment guidelines for the Private Bank. Steven also served as a member of the Special Situations Equity Strategy Group, and in a variety of new product development projects. By 1994 Steven managed approximately $600 million in private client assets. He received a BA from Hunter College.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
1.25 | 23.1 | 9.26 | 1.25 |