Kinetics Small Cap Opportunities Fund
Name
As of 10/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
54.8%
1 yr return
51.5%
3 Yr Avg Return
21.4%
5 Yr Avg Return
24.1%
Net Assets
$270 M
Holdings in Top 10
89.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.97%
SALES FEES
Front Load 5.75%
Deferred Load N/A
TRADING FEES
Turnover 3.00%
Redemption Fee 2.00%
Min Investment
Standard (Taxable)
$2,500
IRA
$2,500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
KSOAX - Profile
Distributions
- YTD Total Return 54.8%
- 3 Yr Annualized Total Return 21.4%
- 5 Yr Annualized Total Return 24.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -1.18%
- Dividend Yield 3.7%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameKinetics Small Cap Opportunities Fund
-
Fund Family Name7
-
Inception DateAug 12, 2005
-
Shares Outstanding154550
-
Share ClassAdv
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerPeter Doyle
Fund Description
KSOAX - Performance
Return Ranking - Trailing
Period | KSOAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 54.8% | -10.2% | 55.3% | 0.54% |
1 Yr | 51.5% | 7.1% | 54.2% | 0.91% |
3 Yr | 21.4%* | -20.6% | 60.5% | 0.55% |
5 Yr | 24.1%* | -2.1% | 47.9% | 0.58% |
10 Yr | 15.9%* | 2.0% | 25.1% | 1.28% |
* Annualized
Return Ranking - Calendar
Period | KSOAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -20.2% | -20.5% | 54.6% | 99.82% |
2022 | 31.6% | -82.1% | 32.2% | 0.55% |
2021 | 47.9% | -90.6% | 300.1% | 0.56% |
2020 | 2.0% | -63.0% | 127.9% | 99.42% |
2019 | 26.7% | -7.7% | 42.9% | 29.05% |
Total Return Ranking - Trailing
Period | KSOAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 54.8% | -10.2% | 55.3% | 0.54% |
1 Yr | 51.5% | 7.1% | 54.2% | 0.91% |
3 Yr | 21.4%* | -20.6% | 60.5% | 0.55% |
5 Yr | 24.1%* | -2.1% | 47.9% | 0.58% |
10 Yr | 15.9%* | 2.0% | 25.1% | 1.28% |
* Annualized
Total Return Ranking - Calendar
Period | KSOAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -15.7% | -19.0% | 136.8% | 99.45% |
2022 | 31.6% | -59.9% | 44.3% | 0.74% |
2021 | 49.9% | -22.7% | 411.9% | 1.11% |
2020 | 2.0% | 1.5% | 150.8% | 99.81% |
2019 | 26.7% | 5.5% | 55.3% | 62.85% |
NAV & Total Return History
KSOAX - Holdings
Concentration Analysis
KSOAX | Category Low | Category High | KSOAX % Rank | |
---|---|---|---|---|
Net Assets | 270 M | 214 K | 34.3 B | 71.56% |
Number of Holdings | 48 | 7 | 1226 | 90.22% |
Net Assets in Top 10 | 235 M | 52.5 K | 3.24 B | 43.66% |
Weighting of Top 10 | 88.96% | 7.9% | 100.0% | 2.18% |
Top 10 Holdings
- Texas Pacific Land Corp 51.83%
- Texas Pacific Land 43.95%
- DREAM Unlimited Corp Registered Shs -A- Subord Vtg 12.69%
- Dream Unlimited 8.34%
- CACI International Inc Class A 5.43%
- Grayscale Bitcoin Trust (BTC) 3.47%
- Partners Value Investments LP Unit 3.41%
- Associated Capital Group Inc Class A 3.03%
- Live Nation Entertainment Inc 2.92%
- Civeo Corp 2.66%
Asset Allocation
Weighting | Return Low | Return High | KSOAX % Rank | |
---|---|---|---|---|
Stocks | 95.53% | 85.75% | 107.62% | 85.14% |
Other | 3.52% | -0.26% | 6.70% | 4.35% |
Cash | 0.94% | 0.00% | 28.78% | 69.38% |
Preferred Stocks | 0.00% | 0.00% | 4.63% | 40.22% |
Convertible Bonds | 0.00% | 0.00% | 1.57% | 34.78% |
Bonds | 0.00% | 0.00% | 3.83% | 35.14% |
Stock Sector Breakdown
Weighting | Return Low | Return High | KSOAX % Rank | |
---|---|---|---|---|
Energy | 55.49% | 0.00% | 55.49% | 0.36% |
Real Estate | 15.31% | 0.00% | 15.31% | 0.36% |
Financial Services | 7.26% | 0.00% | 42.95% | 43.12% |
Industrials | 5.98% | 0.00% | 36.64% | 96.74% |
Technology | 5.73% | 2.91% | 75.51% | 99.28% |
Communication Services | 3.29% | 0.00% | 15.31% | 31.70% |
Consumer Defense | 2.74% | 0.00% | 13.56% | 73.55% |
Consumer Cyclical | 2.01% | 0.00% | 24.04% | 98.55% |
Basic Materials | 1.77% | 0.00% | 9.24% | 64.31% |
Utilities | 0.42% | 0.00% | 5.57% | 24.46% |
Healthcare | 0.00% | 0.00% | 47.90% | 99.64% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | KSOAX % Rank | |
---|---|---|---|---|
US | 75.14% | 17.30% | 107.62% | 99.09% |
Non US | 20.39% | 0.00% | 77.12% | 0.91% |
KSOAX - Expenses
Operational Fees
KSOAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.97% | 0.05% | 23.20% | 13.61% |
Management Fee | 1.25% | 0.05% | 1.62% | 97.10% |
12b-1 Fee | 0.50% | 0.00% | 1.00% | 72.85% |
Administrative Fee | N/A | 0.01% | 0.40% | 11.88% |
Sales Fees
KSOAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 5.75% | 3.50% | 5.75% | 18.84% |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
KSOAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 2.00% | 1.00% | 2.00% | 24.49% |
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.
KSOAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 3.00% | 3.00% | 439.00% | 0.62% |
KSOAX - Distributions
Dividend Yield Analysis
KSOAX | Category Low | Category High | KSOAX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.68% | 0.00% | 6.91% | 47.10% |
Dividend Distribution Analysis
KSOAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
KSOAX | Category Low | Category High | KSOAX % Rank | |
---|---|---|---|---|
Net Income Ratio | -1.18% | -2.47% | 1.10% | 82.60% |
Capital Gain Distribution Analysis
KSOAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Monthly | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 28, 2023 | $5.695 | OrdinaryDividend |
Dec 29, 2021 | $1.340 | OrdinaryDividend |
Dec 29, 2011 | $0.206 | OrdinaryDividend |
Dec 30, 2010 | $0.333 | OrdinaryDividend |
Dec 30, 2008 | $0.270 | CapitalGainLongTerm |
Dec 27, 2007 | $0.070 | CapitalGainLongTerm |
Dec 27, 2007 | $0.191 | OrdinaryDividend |
Dec 27, 2006 | $0.025 | OrdinaryDividend |
Dec 30, 2005 | $0.061 | CapitalGainShortTerm |
Dec 30, 2005 | $0.064 | CapitalGainLongTerm |
Dec 30, 2005 | $0.005 | OrdinaryDividend |
Dec 30, 2004 | $0.131 | OrdinaryDividend |
Dec 30, 2004 | $0.408 | CapitalGainShortTerm |
Dec 30, 2003 | $0.148 | OrdinaryDividend |
Dec 30, 2002 | $0.069 | CapitalGainShortTerm |
KSOAX - Fund Manager Analysis
Managers
Peter Doyle
Start Date
Tenure
Tenure Rank
Mar 20, 2000
22.21
22.2%
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
Murray Stahl
Start Date
Tenure
Tenure Rank
Apr 30, 2000
22.1
22.1%
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.
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.
Matthew Houk
Start Date
Tenure
Tenure Rank
Oct 01, 2011
10.67
10.7%
Matt joined Horizon Asset Management LLC in 2008 and has responsibilities in both Research and Portfolio Management. Matt is a member of the Investment Committee and has responsibilities in the identification, analysis and monitoring of certain investment opportunities for the firm. Previously, from 2005 through 2008, Matt was an Associate with Goldman, Sachs & Co. Matt received a BA in Economics and Political Science from Yale University.
Steven Bregman
Start Date
Tenure
Tenure Rank
May 01, 2016
6.08
6.1%
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 |
---|---|---|---|
0.08 | 30.44 | 9.12 | 5.25 |