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Morningstar

Kinetics Multi-Disciplinary Inc No Load KMDNX

Morningstar Medalist Rating
Medalist Rating as of | See Kinetics Investment Hub
  • NAV / 1-Day Return 9.99  /  0.00
  • Total Assets 13.5 Mil
  • Adj. Expense Ratio
    1.020%
  • Expense Ratio 1.020%
  • Distribution Fee Level Above Average
  • Share Class Type No Load
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 6.35%
  • Effective Duration —

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:12 PM GMT+0

Morningstar’s Analysis KMDNX

Will KMDNX 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 KMDNX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the KMDNX 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 KMDNX’s parent organization’s priorities and whether they’re in line with investors’ interests.

The combination of a middling Process Pillar rating and a Below Average People Pillar rating limit Kinetics Multi-Disciplinary Inc No Load to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings KMDNX

More KMDNX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 41.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

US BANK MMDA - USBGFS 7

5.11 619,673
Cash and Equivalents

BARINGS CLO LTD 2023-I 7.07%

4.55 551,096
Securitized

Rad Clo 20 Ltd. / Rad Clo 20 LLC 8.06%

4.16 504,538
Securitized

REGATTA XVI FUNDING LTD 7.63%

4.16 503,834
Securitized

VENTURE 48 CLO LIMITED 8.07%

4.16 503,656
Securitized

FORTRESS CREDIT BSL XVIII LIMITED 7.57%

4.16 503,567
Securitized

BATTERY PARK CLO II LTD 7.53%

4.15 503,287
Securitized

ICG US CLO 2023-1 I Ltd. / ICG US CLO 2023-1 I LLC 8.3%

4.15 503,067
Securitized

MAGNETITE XXXVII LIMITED 7.73%

4.15 502,944
Securitized

MAN US CLO 2023-1 LTD 7.62%

4.15 502,560
Securitized