KNPAX – Kinetics Paradigm Adv A Investment Strategy | Morningstar

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Strategy

The investment seeks long-term growth of capital. The fund is a non-diversified fund that invests all of its investable assets in the Paradigm Portfolio, a series of Kinetics Portfolios Trust. The Paradigm Portfolio invests at least 65% of its net assets in common stocks, ETFs, convertible securities, warrants, and other equity securities having the characteristics of common stocks (such as American Depositary Receipts ("ADRs"), Global Depositary Receipts ("GDRs") and International Depositary Receipts ("IDRs")) of U.S. and foreign companies that the Investment Adviser believes are undervalued. The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
WWNPX	Kinetics Paradigm Fund No Load Class	No Load	Open			Dec 31, 1999	$470.93M	1.640%	High	$2,500	−$91.17M
KNPYX	Kinetics Paradigm Fund Class Institutional	Institutional	Open			May 27, 2005	$277.19M	1.440%	High	$1M	−$33.56M
KNPAX	Kinetics Paradigm Fund Advisor Class A	Front Load	Open			Apr 26, 2001	$203.72M	1.890%	High	$2,500	−$28.17M
KNPCX	Kinetics Paradigm Fund Advisor Class C	Level Load	Open			Jun 28, 2002	$64.91M	2.390%	High	$2,500	−$9.10M

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