|
* Annualized
**
Non-Annualized
^ The Market Opportunities Fund - Institutional Class
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
1.44%. The Investment Adviser to the Market Opportunities Portfolio has voluntarily agreed to waive fees and reimburse expenses so that Total Annual Fund Operating Expenses do not exceed 1.44% for Institutional Class 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.
Because the Fund invests in a single industry, its shares do not represent a complete investment program.
International investing presents special risks
including currency exchange fluctuation, government regulations, and the
potential for political and economic instability. The Fund's share price is
expected to be more volatile than that of a U.S.-only fund. Because smaller
companies often have narrower markets and limited financial resources, they
present more risk than larger more well established companies.
Kinetics Mutual Funds,
unlike other investment companies that directly acquire and manage
their own portfolio of securities, pursue their investment
objectives by investing all of their investable assets in a
corresponding portfolio series of Kinetics Portfolios Trust.
For more information, including a complete
explanation of the specific risks associated with the Funds and all fees and
expenses that apply to a continued investment, call 1-800-930-3828 for a
prospectus or log on to www.kineticsfunds.com. Read it carefully before
investing.
Distributor: Kinetics Funds Distributor, Inc. is an affiliate of Kinetics
Asset Management, Inc., and is not an affiliate of Kinetics Mutual Funds,
Inc.
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. | 
