WWWFX: Kinetics Internet No Load

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WWWFX Kinetics Internet No Load


Profile

WWWFX - Profile

Vitals

  • YTD Return 3.6%
  • 3 Yr Annualized Return -10.0%
  • 5 Yr Annualized Return -7.5%
  • Net Assets $121 M
  • Holdings in Top 10 64.2%

52 WEEK LOW AND HIGH

$35.10
$25.98
$38.95

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.84%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 1.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

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

Fund Classification


Distributions

  • YTD Total Return 3.6%
  • 3 Yr Annualized Total Return -10.0%
  • 5 Yr Annualized Total Return -7.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.76%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Kinetics Internet Fund
  • Fund Family Name
    Kinetics
  • Inception Date
    Oct 21, 1996
  • Shares Outstanding
    3091766
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Murray Stahl

Fund Description

The fund is a non-diversified fund that invests all of its investable assets in the Internet Portfolio. The Internet 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 the Internet and Internet-related activities and whose businesses are vastly improved through the distribution of content and reduction of costs with the use of the Internet. It is non-diversified.


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Categories

Performance

WWWFX - Performance

Return Ranking - Trailing

Period WWWFX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.6% -64.9% 866.0% 19.94%
1 Yr 1.7% -70.4% 906.3% 26.59%
3 Yr -10.0%* -33.6% 50.0% 87.07%
5 Yr -7.5%* -36.3% 41.2% 90.67%
10 Yr 0.3%* -14.8% 33.0% 67.48%

* Annualized

Return Ranking - Calendar

Period WWWFX Return Category Return Low Category Return High Rank in Category (%)
2019 24.6% -58.1% 80.6% 17.27%
2018 -47.9% -93.5% 23.6% 99.07%
2017 32.7% -55.3% 69.8% 7.99%
2016 -5.6% -34.8% 68.2% 92.87%
2015 -25.7% -40.3% 22.5% 97.46%

Total Return Ranking - Trailing

Period WWWFX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.6% -64.9% 866.0% 19.94%
1 Yr 1.7% -70.4% 906.3% 26.59%
3 Yr -10.0%* -33.6% 122.8% 90.73%
5 Yr -7.5%* -36.3% 66.5% 95.22%
10 Yr 0.3%* -14.8% 33.0% 83.74%

* Annualized

Total Return Ranking - Calendar

Period WWWFX Return Category Return Low Category Return High Rank in Category (%)
2019 24.6% -58.1% 80.6% 17.43%
2018 -47.9% -53.1% 23.6% 99.63%
2017 32.7% -55.3% 69.8% 9.02%
2016 -5.6% -34.8% 70.7% 94.71%
2015 -25.7% -38.0% 30.8% 98.48%

NAV & Total Return History


Holdings

WWWFX - Holdings

Concentration Analysis

WWWFX Category Low Category High WWWFX % Rank
Net Assets 121 M 92.3 K 15.3 B 42.04%
Number of Holdings 33 1 1315 70.68%
Net Assets in Top 10 71.9 M -82 M 4.21 B 35.19%
Weighting of Top 10 64.15% 3.7% 100.0% 23.96%

Top 10 Holdings

  1. Grayscale Bitcoin Trust (BTC) 18.38%
  2. Texas Pacific Land Trust 11.15%
  3. PayPal Holdings Inc 9.79%
  4. CACI International Inc Class A 5.65%
  5. Alphabet Inc A 4.05%
  6. Alphabet Inc Class C 4.03%
  7. Visa Inc Class A 3.62%
  8. OTC Markets Group Inc 3.13%
  9. MarketAxess Holdings Inc 2.23%
  10. LendingTree Inc 2.13%

Asset Allocation

Weighting Return Low Return High WWWFX % Rank
Stocks
56.28% -169.40% 100.14% 66.20%
Cash
25.34% -0.17% 1041.68% 47.38%
Other
18.38% -895.56% 38.46% 0.46%
Preferred Stocks
0.00% 0.00% 18.93% 80.56%
Convertible Bonds
0.00% 0.00% 10.56% 83.18%
Bonds
0.00% -332.80% 45.33% 82.41%

Stock Sector Breakdown

Weighting Return Low Return High WWWFX % Rank
Financial Services
41.61% 0.00% 100.00% 3.08%
Communication Services
23.82% 0.00% 100.00% 3.41%
Energy
19.81% 0.00% 100.00% 6.98%
Technology
12.75% 0.00% 99.85% 67.69%
Industrials
1.92% 0.00% 70.69% 88.47%
Consumer Cyclical
0.08% 0.00% 59.77% 88.15%
Utilities
0.00% 0.00% 99.08% 91.88%
Real Estate
0.00% 0.00% 100.00% 93.51%
Healthcare
0.00% 0.00% 100.00% 97.56%
Consumer Defense
0.00% 0.00% 69.13% 95.94%
Basic Materials
0.00% 0.00% 72.60% 94.81%

Stock Geographic Breakdown

Weighting Return Low Return High WWWFX % Rank
US
54.86% -162.68% 79.97% 64.04%
Non US
1.42% -48.75% 65.94% 60.19%

Expenses

WWWFX - Expenses

Operational Fees

WWWFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.84% 0.08% 45.48% 51.26%
Management Fee 1.25% 0.00% 2.94% 84.13%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 1.47% 15.75%

Sales Fees

WWWFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

WWWFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 41.30%

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.

WWWFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 1.00% 0.00% 496.00% 6.88%

Distributions

WWWFX - Distributions

Dividend Yield Analysis

WWWFX Category Low Category High WWWFX % Rank
Dividend Yield 0.00% 0.00% 11.31% 78.89%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

WWWFX Category Low Category High WWWFX % Rank
Net Income Ratio -0.76% -4.31% 6.50% 87.09%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

WWWFX - Fund Manager Analysis

Managers

Murray Stahl


Start Date

Tenure

Tenure Rank

Apr 30, 1999

21.35

21.4%

Mr. Stahl is a Portfolio Manager at Horizon and is Chief Executive Officer, Chairman of the Board and is a co-founder of Horizon Kinetics. Mr. Stahl serves as the Firm's Chief Investment Officer, and chairs the Firm's Investment Committee, which is responsible for portfolio management decisions across the entire firm. Previously, Murray spent 16 years at Bankers Trust Company (1978-1994) as a senior portfolio manager and research analyst. He was also a member of the Equity Strategy Group and the Investment Strategy Group, which established asset allocation guidelines for the Private Bank. Murray received a BA and MA from Brooklyn College and an MBA from Pace University.

Peter Doyle


Start Date

Tenure

Tenure Rank

Jun 30, 1999

21.19

21.2%

Peter is a Senior Member of Horizon Kinetics’ Research Team. He is a member of the Investment Committee and the Board and manages customized portfolios for a number of Horizon Kinetics’ private clients. Peter is also the President of the Kinetics Mutual Funds, Inc., a series of U.S. mutual funds managed by Kinetics Asset Management LLC, a subsidiary of Horizon Kinetics. Previously, Peter was with Bankers Trust Company as a Senior Investment Officer, where he also served on the Finance, Utility and REIT Research sub-group teams. Peter received a BS from St. John’s University and an MBA from Fordham University

James Davolos


Start Date

Tenure

Tenure Rank

Apr 30, 2006

14.35

14.4%

James joined the firm in 2005 and currently serves as an Assistant Portfolio Manager for several funds. He began his investment career with the firm in 2005, as a member of the trading desk and transitioned to the investment team in December 2006. James began his tenure on the investment team as a junior analyst covering investment and research opportunities for various strategies managed by the firm. James received a BBA in Finance from Loyola University in Maryland and was a member of the Sellinger Scholars business honors program.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 41.69 7.03 2.67