|
* Annualized
**
Non-Annualized
^ The Global Fund - Advisor Class A
inception date is 05/19/08. Performance data quoted represents past performance and
does not guarantee future results. Figures include changes in
principal value, reinvested dividends and capital gains
distributions. Investment return and principal value will vary, and
shares may be worth more or less at redemption than original
purchase.
¹ One year, 3 year, 5 year, since inception, and historical total returns (where applicable) are without dividends reinvested.
The Fund's Total Expense Ratio is
1.65%. The Investment Adviser to the Global Portfolio has voluntarily agreed to waive fees and reimburse expenses so that Total Annual Fund Operating Expenses do not exceed 1.64% for Advisor Class A shares. These waivers and reimbursements may be discontinued at any time.
Due to market
volatility, current performance may be more or less than those shown
for standard quarter-end periods.
As of March 14, 2008, the Global Portfolio, formerly known as the Internet Emerging Growth Portfolio, changed its name and investment mandate. For more information on this change, please refer to the Fund’s Prospectus located at www.kineticsfunds.com.
The Global Portfolio’s investments, including common stocks, have inherent risks that could cause you to lose money. The Fund may invest in below-investment grade debt, i.e., junk bonds, which is subject to greater credit risk, price volatility and risk of loss than investment grade securities. Purchasing and writing put and call options are highly specialized activities and entail greater than ordinary investment risks. The successful use of options depends in part on the ability of the Investment Adviser to manage future price fluctuations and the degree of correlation between the options and securities (or currency) markets. The Fund may invest in the equity securities of small and medium sized companies, which often have narrower markets and more limited managerial and financial resources than larger, more established companies. As a result, their performance can be more volatile and they can face a greater risk of business failure. The Fund may invest in foreign securities directly or through ADRs, GDRs and IDRs. Foreign securities can carry higher returns but involve more risks than those associated with U.S. investments. Additional risks associated with investment in foreign securities include currency fluctuations, political and economic instability, differences in financial reporting standards and less stringent regulation of securities markets. The Fund may invest in the securities of emerging countries, which are less liquid and which are especially subject to greater price volatility. These securities can also have smaller market capitalizations, less government regulation and may not be subject to as extensive and frequent accounting, financial and other reporting requirements as securities markets of more developed countries. There is no guarantee that the Fund will meet its investment objective. These and additional risks are more detailed in the Fund’s current Prospectus. You should read the Prospectus carefully before investing.
Kinetics Mutual Funds, unlike other
investment companies that directly acquire and manage their own
portfolios of securities, pursue their investment objectives by
investing all of their investable assets in a corresponding
portfolio of Kinetics Portfolios Trust.
The NASDAQ Composite (NASDAQ) 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.
Distributor: Kinetics Funds Distributor, Inc. is an affiliate of Kinetics Asset Management, Inc., and is not an affiliate of Kinetics Mutual Funds, Inc.
|
