Below you can download the most recent information for the Advisor Classes of the Kinetics Mutual Funds, including Prospectuses, Applications and Fund Fact Sheets (updated quarterly). For sales and marketing support please call 914-703-6950. For non-account specific questions or comments, email us at info@kineticsfunds.com.

08/19/2008 KNPAX 22.44 -1.01 FactSheet Prospectus Application KNPCX 21.92 -0.99 FactSheet Prospectus Application KSOAX 22.26 -1.68 FactSheet Prospectus Application KMKAX 10.91 -1.62 FactSheet Prospectus Application KWIAX 9.83 -0.71 FactSheet Prospectus Application KINAX 27.09 -1.20 FactSheet Prospectus Application KRXAX 19.61 -0.66 FactSheet Prospectus Application All Fact Sheets | All Prospectuses Wholesalers Christopher D. Bell SVP - Director of Sales & Marketing 914.703.6907 (office) 914.703.6899 (fax) chris@kineticsfunds.com Bob Uly Vice President Marketing 914.703.6907 (office) 914.703.6899 (fax) bob@kineticsfunds.com Tom Gormley Internal Marketing 914.703.6917 (office) 914.703.6899 (fax) tom@kineticsfunds.com Prospectuses & Applications Combined Prospectus - Advisor Classes Combined Prospectus - Institutional Class Regular Application - Advisor Classes Regular Application - Institutional Classes Advisor Class IRA Application Advisor Class IRA Transfer Form Automatic Investment Plan (AIP) Application - Advisor Classes Kinetics Water Infrastructure Prospectus - Advisor Classes Kinetics Water Infrastructure Prospectus - Institutional Class Reports Kinetics 2007 Annual Report     Kinetics 2007 Semi-Annual Report

SP 500 1,266.69 -0.93% NASDAQ 2,384.36 -1.35% DJIA 11,348.55 -1.14% The NASDAQ Composite, Dow Jones Industrial Average (DJIA) and the Standard & Poor's 500 Index (S&P 500) each represent an unmanaged, broad-based basket of stocks. They are typically used as a proxy for overall market performance.