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Morningstar

Kinetics Alternative Income Advisor A KWIAX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return —  /  —
  • Total Assets 7.4 Mil
  • Adj. Expense Ratio
    1.200%
  • Expense Ratio 1.250%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 0.21%
  • Effective Duration 2.44 years

Morningstar’s Analysis KWIAX

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

People Pillar

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

Summary

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

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