Morningstar

Kinetics Market Opportunities Fund Advisor Class A KMKAX

Morningstar Medalist Rating
Medalist Rating as of | See Kinetics Investment Hub
  • NAV / 1-Day Return 76.52  /  +0.59 %
  • Total Assets 270.9M
  • Adj. Expense Ratio
    1.650%
  • Expense Ratio 1.650%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Mid-Cap Growth
  • Investment Style Small Growth
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 0.10%
  • Turnover 4%

USD | NAV as of Oct 03, 2026 | 1-Day Return as of Oct 03, 2026, 12:57 AM GMT+0

Morningstar’s Analysis KMKAX

Will KMKAX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable KMKAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the KMKAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of KMKAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Kinetics Market Opportunities Adv A holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings KMKAX

More KMKAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 80.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Texas Pacific Land Corp

47.21 143M
Energy

Grayscale Bitcoin Trust ETF

8.99 27M
—

Hawaiian Electric Industries Inc

7.20 22M
Utilities

WaterBridge Infrastructure LLC Ordinary Shares - Class A

4.71 14M
Energy

LandBridge Co LLC Class A shares

4.34 13M
Energy

US BANK MMDA - USBGFS 7

2.52 8M
Cash and Equivalents

Miami International Holdings Inc

2.22 7M
Financial Services

Bolt Data & Energy

1.98 6M
—

Partners Value Investments LP Unit

1.76 5M
Financial Services

US BANK MMDA - USBGFS 7

1.58 5M
Cash and Equivalents

Sponsor Center