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Morningstar

Kinetics Global Adv A KGLAX

Morningstar Medalist Rating
Medalist Rating as of | See Kinetics Investment Hub
  • NAV / 1-Day Return 9.22  /  0.43 %
  • Total Assets 17.3 Mil
  • Adj. Expense Ratio
    1.640%
  • Expense Ratio 1.640%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Moderate Allocation
  • Investment Style Small Growth
  • Credit Quality / Interest Rate Sensitivity —
  • Status Open
  • TTM Yield —
  • Turnover 57%

USD | NAV as of Nov 30, 2023 | 1-Day Return as of Nov 30, 2023, 11:18 PM GMT+0

Morningstar’s Analysis KGLAX

Will KGLAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable KGLAX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the KGLAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of KGLAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

This fund’s fate to be determined by a one-stock wonder—or blunder.

Strategist Robby Greengold

Robby Greengold

Strategist

Summary

This strategy is one of a handful run by Horizon Kinetics with a high-stakes gamble on a single stock. It receives a Morningstar Medalist Rating of Negative.

by Robby Greengold
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings KGLAX

More KGLAX Holdings
  • Current Portfolio Date
  • Equity Holdings 39
  • Bond Holdings 0
  • Other Holdings 8
  • % Assets in Top 10 Holdings 72.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Texas Pacific Land Corp

31.31
5,248,206
Energy

Grayscale Bitcoin Trust (BTC)

17.57
2,946,049
—

US BANK MMDA - USBGFS 7

15.17
2,542,787
Cash and Equivalents

Permian Basin Royalty Trust

5.27
884,000
Energy

GAMCO Investors Inc Class A

3.25
544,816
Financial Services

Sandstorm Gold Ltd

3.02
507,008
Basic Materials

Associated Capital Group Inc Class A

2.90
485,450
Financial Services

Mesabi Trust

2.50
419,463
Basic Materials

PrairieSky Royalty Ltd

2.50
418,986
Energy

Civeo Corp

2.29
383,505
Industrials