Kinetics Spin-Off and Corp Rest No Load (LSHEX)

7.95 +0.10  +1.27% Apr 3 USD
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Key Stats

Net Asset Value 7.95
Turnover Ratio 2.00%
1 Year Fund Level Flows -3.291M

Performance & Returns

  Total Return Cat. Total Return (NAV) % Rank in Cat. (NAV)
1M -31.70% -21.63% 98
3M -38.61% -24.29% 99
6M -28.83% -15.09% 98
YTD -38.04% -23.61% 99
1Y -34.78% -15.50% 99
3Y -4.86% 3.33% --
5Y -4.10% 3.55% --
10Y 3.48% 8.94% --
15Y -- 7.47% --
20Y -- 4.89% --
As of April 3, 2020. Returns for periods of 1 year and above are annualized.

Asset Allocation

Type % Net % Long % Short
Cash 1.30% 1.30% 0.00%
Stock 98.70% 98.70% 0.00%
Bond 0.00% 0.00% 0.00%
Convertible 0.00% 0.00% 0.00%
Preferred 0.00% 0.00% 0.00%
Other 0.00% 0.00% 0.00%
As of Dec. 31, 2019

Region Exposure

Americas 97.62%
North America 97.62%
Latin America 0.00%
Greater Europe 2.38%
United Kingdom 0.00%
Europe Developed 2.38%
Europe Emerging 0.00%
Africa/Middle East 0.00%
Greater Asia 0.00%
Japan 0.00%
Australasia 0.00%
Asia Developed 0.00%
Asia Emerging 0.00%
Market Classification
% Developed Markets 100.0%
% Emerging Markets 0.00%
As of Dec. 31, 2019. Region breakdown data is calculated by using the long position holdings of the portfolio.

Stock Sector Exposure

Basic Materials 0.11%
Communication Services 11.18%
Consumer Cyclical 0.11%
Consumer Defensive 4.28%
Energy 39.70%
Financial Services 14.41%
Healthcare 1.19%
Industrials 13.84%
Real Estate 15.17%
Technology 0.00%
Utilities 0.00%
As of Dec. 31, 2019

Stock Market Capitalization

Giant 5.68%
Large 4.15%
Medium 53.53%
Small 30.78%
Micro 5.86%
As of Dec. 31, 2019

Stock Style Exposure

Large Cap Value 0.00%
Large Cap Blend 4.17%
Large Cap Growth 5.71%
Mid Cap Value 0.00%
Mid Cap Blend 7.61%
Mid Cap Growth 46.16%
Small Cap Value 15.50%
Small Cap Blend 20.48%
Small Cap Growth 0.38%
As of Dec. 31, 2019
View More Holdings

Top 10 Holdings

Symbol Name % Weight Price % Chg
TPL Texas Pacific Land Trust 39.16% 457.87 +8.48%
DRM.TO DREAM Unlimited Corp Class A 8.55% 8.77 -4.57%
HHC The Howard Hughes Corp 6.22% 43.94 -3.98%
AC Associated Capital Group Inc Class A 6.15% 26.65 -1.91%
PYPL PayPal Holdings Inc 5.61% 92.39 -1.21%
CSWI CSW Industrials Inc 5.40% 58.59 -3.81%
CABO Cable One Inc 5.21% 1536.38 -4.28%
GHC Graham Holdings Co 3.88% 339.36 +0.45%
AMKBY A. P. Moller Maersk A/S ADR 2.35% 4.186 -1.74%
WBT Welbilt Inc 2.19% 3.99 -3.86%
As of Dec. 31, 2019
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Basic Info

Investment Strategy
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.
General
Security Type Mutual Fund
Oldest Share Symbol LSHAX
Equity Style Mid Cap/Growth
Fixed Income Style --
Broad Asset Class US Equity
Broad Category Equity
Category Name Mid-Cap Growth
Prospectus Objective Growth
Fund Owner Firm Name Kinetics
Benchmark Index
S&P 500 TR USD 100.0%
Reports
One Page Report Download

Manager Info

Name Tenure
Murray Stahl 12.58 yrs
Steven Bregman 12.58 yrs

Share Classes

Symbol Share Class
LSHAX A
LSHCX C
LSHUX Inst

Net Fund Flows

1M -1.206M
3M -1.437M
6M -2.488M
YTD -1.437M
1Y -3.291M
3Y -9.744M
5Y -55.87M
10Y -132.94M
As of March 31, 2020

Risk Info

Beta (5Y) 1.400
Historical Sharpe Ratio (10Y) --
Historical Sortino (All) -0.0084
Daily Value at Risk (VaR) 1% (All) 7.12%
Monthly Value at Risk (VaR) 1% (All) 37.36%

Fundamentals

Dividend Yield TTM (4-3-20) 0.00%
30-Day SEC Yield --
7-Day SEC Yield --
Weighted Average PE Ratio 23.80
Weighted Average Price to Sales Ratio 3.011
Weighted Average Price to Book Ratio 2.418
Weighted Median ROE 35.06%
Weighted Median ROA 31.94%
Forecasted Dividend Yield 0.61%
Forecasted PE Ratio 17.63
Forecasted Price to Sales Ratio 3.356
Forecasted Price to Book Ratio 2.261
Number of Holdings 33
As of Dec. 31, 2019

Growth Estimates

Forecasted 5 Yr Earnings Growth 15.56%
Forecasted Book Value Growth 0.31%
Forecasted Cash Flow Growth -1.15%
Forecasted Earnings Growth 26.59%
Forecasted Revenue Growth -5.17%
As of Dec. 31, 2019

Comparables

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Attributes

Purchase Details
Open to New Investors Yes
Open to Existing Investors Yes
Minimum Initial Investment 2500.00 USD
Minimum Subsequent Investment 0.00 USD
Fees
Actual 12B-1 Fee --
Actual Management Fee 1.00%
Administration Fee --
Performance Fee --
Switching Fee --
Transaction Fee --
Maximum Front Load --
Maximum Deferred Load --
Maximum Redemption Fee 2.00%
Key Dates
Inception Date 12/11/2017
Termination Date
Last Annual Report Date 12/31/2019
Last Prospectus Date 4/30/2019
Attributes
Exchange Traded Share No
Exchange Traded Note No
Enhanced Index Fund No
Fixed Distribution Fund No
High-Net Worth Individual Fund No
Index Fund No
Inverse Fund No
Leveraged Fund No
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan No
Socially Responsible Fund No
General Availability
Available for Insurance Product No
Available for Retirement Plan No
Available for RRSP No
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