KRXAX: Kinetics Medical Adv A

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KRXAX Kinetics Medical Adv A

  • Fund
  • KRXAX
  • Price as of: Jan 16, 2020
  • $25.82
    - $0.06 - 0.23%

Profile

KRXAX - Profile

Vitals

  • YTD Return 1.6%
  • 3 Yr Annualized Return 0.1%
  • 5 Yr Annualized Return -3.7%
  • Net Assets $16.9 M
  • Holdings in Top 10 68.9%

52 WEEK LOW AND HIGH

$25.82
$22.40
$26.23

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.48%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 0.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

  • Standard (Taxable) $2,500
  • IRA $2,500

Fund Classification


Distributions

  • YTD Total Return 1.6%
  • 3 Yr Annualized Total Return 8.7%
  • 5 Yr Annualized Total Return 3.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.78%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Kinetics Medical Fund Class A
  • Fund Family Name
    Kinetics
  • Inception Date
    Apr 26, 2001
  • Shares Outstanding
    44727
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Bruce Abel

Fund Description

The fund is a non-diversified fund that invests all of its investable assets in the Medical Portfolio, a series of Kinetics Portfolios Trust. The Portfolio invests at least 80% of its net assets plus any borrowings for investment purposes in common stocks, convertible securities, warrants, and other equity securities having the characteristics of common stocks of U.S. and foreign companies engaged in medical research, pharmaceutical and medical technology industries and related technology industries, with an emphasis toward companies engaged in cancer research and drug development. It is non-diversified.


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Categories

Performance

KRXAX - Performance

Return Ranking - Trailing

Period KRXAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.6% 0.0% 6.2% 79.84%
1 Yr 11.5% 2.9% 41.8% 72.27%
3 Yr 0.1%* -9.3% 27.9% 95.41%
5 Yr -3.7%* -9.8% 14.7% 87.50%
10 Yr 3.3%* -2.7% 18.8% 82.95%

* Annualized

Return Ranking - Calendar

Period KRXAX Return Category Return Low Category Return High Rank in Category (%)
2019 12.9% 5.7% 55.4% 86.55%
2018 -7.5% -25.3% 21.5% 54.05%
2017 -5.4% -10.8% 43.9% 95.41%
2016 -13.1% -31.6% 6.9% 33.96%
2015 -0.5% -20.4% 13.8% 29.13%

Total Return Ranking - Trailing

Period KRXAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.6% 0.0% 6.2% 79.84%
1 Yr 11.5% 2.9% 41.8% 72.27%
3 Yr 8.7%* -9.3% 31.1% 64.22%
5 Yr 3.6%* -9.8% 16.6% 54.81%
10 Yr 9.7%* -2.7% 18.8% 62.50%

* Annualized

Total Return Ranking - Calendar

Period KRXAX Return Category Return Low Category Return High Rank in Category (%)
2019 12.9% 5.7% 55.4% 86.55%
2018 1.4% -25.3% 22.2% 15.32%
2017 10.5% -10.8% 45.8% 86.24%
2016 -8.2% -26.4% 8.7% 21.70%
2015 6.3% -16.6% 15.2% 48.54%

NAV & Total Return History


Holdings

KRXAX - Holdings

Concentration Analysis

KRXAX Category Low Category High KRXAX % Rank
Net Assets 16.9 M 3.58 M 48.1 B 85.83%
Number of Holdings 32 18 399 93.02%
Net Assets in Top 10 10.7 M 71.5 K 17.4 B 81.40%
Weighting of Top 10 68.88% 21.3% 75.3% 1.55%

Top 10 Holdings

  1. Merck & Co Inc 8.11%
  2. Novartis AG ADR 7.82%
  3. Sanofi SA ADR 7.44%
  4. Pfizer Inc 7.39%
  5. AstraZeneca PLC ADR 6.87%
  6. Bristol-Myers Squibb Company 6.68%
  7. Johnson & Johnson 6.65%
  8. GlaxoSmithKline PLC ADR 6.22%
  9. Eli Lilly and Co 6.11%
  10. Biogen Inc 5.61%

Asset Allocation

Weighting Return Low Return High KRXAX % Rank
Stocks
99.82% 48.12% 103.54% 14.73%
Cash
0.11% 0.00% 51.88% 85.27%
Other
0.07% -27.41% 5.17% 41.09%
Preferred Stocks
0.00% 0.00% 1.08% 37.98%
Convertible Bonds
0.00% 0.00% 1.54% 32.56%
Bonds
0.00% 0.00% 20.60% 29.46%

Stock Sector Breakdown

Weighting Return Low Return High KRXAX % Rank
Healthcare
100.00% 58.44% 100.00% 9.30%
Utilities
0.00% 0.00% 0.00% 24.03%
Technology
0.00% 0.00% 16.36% 48.06%
Real Estate
0.00% 0.00% 5.84% 29.46%
Industrials
0.00% 0.00% 2.40% 32.56%
Financial Services
0.00% 0.00% 6.09% 37.21%
Energy
0.00% 0.00% 0.43% 27.91%
Communication Services
0.00% 0.00% 1.02% 27.91%
Consumer Defense
0.00% 0.00% 36.20% 31.01%
Consumer Cyclical
0.00% 0.00% 10.50% 30.23%
Basic Materials
0.00% 0.00% 2.02% 41.86%

Stock Geographic Breakdown

Weighting Return Low Return High KRXAX % Rank
US
71.07% 48.12% 99.93% 88.37%
Non US
28.75% 0.00% 39.36% 6.20%

Expenses

KRXAX - Expenses

Operational Fees

KRXAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.48% 0.10% 9.84% 12.60%
Management Fee 1.25% 0.09% 1.30% 94.57%
12b-1 Fee 0.50% 0.00% 1.00% 55.71%
Administrative Fee N/A 0.03% 0.40% 10.71%

Sales Fees

KRXAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 2.50% 5.75% 15.38%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

KRXAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 16.67%

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.

KRXAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 0.00% 0.00% 341.00% 0.81%

Distributions

KRXAX - Distributions

Dividend Yield Analysis

KRXAX Category Low Category High KRXAX % Rank
Dividend Yield 0.00% 0.00% 5.21% 31.78%

Dividend Distribution Analysis

KRXAX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Annually Annually

Net Income Ratio Analysis

KRXAX Category Low Category High KRXAX % Rank
Net Income Ratio 0.78% -2.24% 2.12% 7.87%

Capital Gain Distribution Analysis

KRXAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

KRXAX - Fund Manager Analysis

Managers

Bruce Abel


Start Date

Tenure

Tenure Rank

Sep 30, 1999

20.27

20.3%

Mr. Abel is a portfolio manager with Kinetics Asset Management, his employer since 1999. Prior to joining the firm, he was employed with Brookhaven National Laboratory since 1989 where he worked researching, developing and implementing technical and scientific programs and systems in the areas of nuclear physics and computer programming, and industrial design. He has over 10 years experience in the fields of science, chemistry, physics, and engineering.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.59 22.31 9.83 19.68