Kinetics Paradigm Fund Advisor Class A (KNPAX) Fund Details & Analysis

Fund Information

Fund Category Mid-Cap Growth

Fund Family Kinetics

Fund Style Large

ISIN US4946138546

CUSIP 494613854

Inception Date 1999-12-31

Domicile United States

Country USA

Fiscal Year End December

NAV Chart

Fund Metrics

Net Assets $1.10 Billion

Share Class Net Assets $220.87 Million

Expense Ratio 1.89%

Expense Ratio Date 2026-04-30

Dividend Yield 0.00%

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Performance

YTD Return 12.02%

1-Year Return 3.03%

3-Year Return 19.50%

5-Year Return 13.96%

NAV $111.64

Previous Close Price $111.36

Last Update 2026-09-30

Dividend Information

Dividend Yield 0.00%

Dividend (ttm) 0.17

Dividend Growth -58.12%

Payout Frequency Annual

Ex-Dividend Date n/a

Ratings

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Beta (5Y) 1.23

About Kinetics Paradigm Fund Advisor Class A

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.

Detailed Metrics

Market Cap Distribution

AverageMarketCap 21202.88%

Giant 3.66%

Large 0.54%

Medium 71.63%

Micro 12.29%

Small 1.71%

Value & Growth Metrics

Book-Value Growth % -0.97%

Cash-Flow Growth % -6.33%

Dividend Yield % 0.63%

Historical Earnings % 3.33%

Long-Term Earnings % 12.25%

Asset Allocation

Type	Net %	Long %	Short %	Category Average	benchmark
Bond	0.00%	0.00%	0.00%	0.13%	0.00%
Cash	0.84%	0.84%	0.00%	1.25%	0.00%
Non US Stock	5.10%	5.10%	0.00%	3.83%	1.86%
Not Classified	0.00%	0.00%	0.00%	0.01%	0.00%
Other	9.24%	9.24%	0.00%	0.90%	0.00%
US Stock	84.82%	84.82%	0.00%	94.26%	98.14%

Top Holdings

Name	Weight	Owned	Change
Texas Pacific Land Corp	52.55%	-	-
Texas Pacific Land	38.70%	-	-
Grayscale Bitcoin Trust (BTC)	6.93%	-	-
Brookfield Asset Management Inc Registered Shs -A- Limited Vtg	5.43%	-	-
Live Nation Entertainment Inc	3.96%	-	-
The Howard Hughes Corp	3.83%	-	-
Franco-Nevada Corp	3.19%	-	-
Liberty Broadband Corp C	1.79%	-	-
CACI International Inc Class A	1.63%	-	-
Icahn Enterprises LP	1.43%	-	-

See the full breakdown of KNPAX fund's asset allocation and top holdings .

Sector Weights

Category	Subcategory	Amount %	Category Avg	Stocks %	Benchmark
Bond Sector	Cash and Equivalents	4.53%	89.20%	99.99%	0.00%
Bond Sector	Corporate	4.53%	0.52%	0.01%	0.00%
Bond Sector	Derivative	4.53%	0.93%	0.00%	0.00%
Bond Sector	Government	4.53%	6.46%	0.00%	0.00%
Bond Sector	Municipal	4.53%	0.00%	0.00%	0.00%
Bond Sector	Securitized	4.53%	2.89%	0.00%	0.00%
Cyclical	Basic Materials	0.69%	1.93%	0.00%	6.49%
Cyclical	Consumer Cyclical	0.27%	12.65%	0.00%	11.30%
Cyclical	Financial Services	7.87%	8.49%	0.00%	12.08%
Cyclical	Real Estate	0.11%	1.47%	0.00%	3.70%
Defensive	Consumer Defensive	0.00%	1.25%	0.00%	2.08%
Defensive	Healthcare	0.00%	15.59%	0.00%	8.20%
Defensive	Utilities	4.53%	1.24%	0.00%	2.94%
Sensitive	Communication Services	0.80%	3.78%	0.00%	1.96%
Sensitive	Energy	84.31%	3.40%	0.00%	3.40%
Sensitive	Industrials	0.36%	23.18%	0.00%	23.02%
Sensitive	Technology	1.06%	27.01%	0.00%	24.84%

World Regions

Region	Subregion	Category Average	Stocks Percent	Benchmark
Americas	Latin America	0.62%	-	0.52%
Americas	North America	97.63%	99.36%	98.14%
Greater Asia	Asia Developed	0.16%	-	-
Greater Asia	Asia Emerging	0.19%	-	0.51%
Greater Asia	Australasia	0.03%	0.28%	-
Greater Asia	Japan	0.08%	-	-
Greater Europe	Africa/Middle East	0.12%	-	-
Greater Europe	Europe Developed	0.74%	0.00%	0.42%
Greater Europe	Europe Emerging	-	-	-
Greater Europe	United Kingdom	0.42%	0.36%	0.42%

Dividend History

Date	Amount	Unadjusted Amount	Currency	Declaration Date	Record Date	Payment Date	Period
2020-12-30	$0.066	$0.066	USD	2020-12-30	2020-12-29	2020-12-30	Annual
2013-12-30	$0.158	$0.158	USD	2013-12-30	2013-12-27	2013-12-30	Annual
2012-12-27	$0.027	$0.027	USD	2012-12-27	2012-12-26	2012-12-27	Annual
2011-12-29	$0.185	$0.185	USD	-	2011-12-28	2011-12-29	Annual
2010-12-30	$0.319	$0.319	USD	-	2010-12-29	2010-12-30	Annual
2009-12-30	$0.059	$0.059	USD	-	2009-12-29	2009-12-30	Annual
2007-12-27	$0.090	$0.090	USD	-	2007-12-26	2007-12-27	Other
2006-12-27	$0.117	$0.117	USD	-	2006-12-26	2006-12-27	Other
2004-12-30	$0.015	$0.015	USD	-	2004-12-29	2004-12-30	Other
2003-12-30	$0.030	$0.030	USD	-	2003-12-29	2003-12-30	Annual

View the full dividend history for KNPAX.

Kinetics Paradigm Fund Advisor Class A NMFQS:KNPAX