Fund Evaluator:
Kinetics Internet Adv A (KINAX)
Follow This Fund
Best Performing in Miscellaneous Sector Over the Last Year
| 39.0% | Firsthand Alternative Energy (ALTEX) |
| 29.3% | Goldman Sachs Clean Energy Income Inv (GCEJX) |
| 22.3% | Fairholme (FAIRX) |
| -24.2% | Kinetics Internet No Load (WWWFX) |
Fund Details
Kinetics Internet Adv A Overview
Kinetics Internet Adv A (KINAX) is an actively managed Sector Equity Miscellaneous Sector fund. Kinetics launched the fund in 2001.
The investment seeks long-term growth of capital; current income as a secondary objective. The fund is a non-diversified fund that invests all of its investable assets in the Internet Portfolio. The Internet Portfolio invests at least 80% of its net assets plus any borrowings for investment purposes in common stocks, convertible securities, warrants and other equity securities having the characteristics of common stocks, of U.S. and foreign companies engaged in the Internet and Internet-related activities and whose businesses are vastly improved through the distribution of content and reduction of costs with the use of the Internet. It is non-diversified.
About Kinetics Internet Adv A (KINAX)
There are 5 members of the management team with an average tenure of 17.06 years: James Davolos (2006), Brandon Colavita (2026), Steven Tuen (1999), Peter Doyle (1999), Steven Bregman (2015). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) index with a weighting of 100% and NASDAQ Composite TR USD index with a weighting of 100%. Kinetics Internet Adv A has 48 securities in its portfolio. The top 10 holdings constitute 92.2% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Kinetics Internet Adv A is part of the Equity global asset class and is within the Sector Equity fund group. Kinetics Internet Adv A has 0.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 49.0%. There is 0.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Kinetics Internet Adv A has 1.7% of the portfolio in cash.
Assets Under Management
The fund has $2 million in total assets, which is below the $94 million average for the Miscellaneous Sector category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
KINAX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Kinetics Internet Adv A expense ratio is high compared to funds in the Miscellaneous Sector category. Kinetics Internet Adv A has an expense ratio of 1.92%, which is 33% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Kinetics Internet Adv A has a portfolio turnover rate of 45%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 21% for the Miscellaneous Sector category.
Recently, in the month of July 2026, Kinetics Internet Adv A returned 1.1%, which earned it a grade of A, as the Miscellaneous Sector category had an average return of -5.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Kinetics Internet Adv A has a trailing yield of 0.00%, which is below the 0.55% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Kinetics Internet Adv A Grades
Year to date, the fund has returned -8.4%, 21.2 percentage points worse than the category, which translates into a grade of F. The fund has returned -24.4% over the past year (grade of F), 21.3% over the past three years (grade of B) and 6.8% per year over the past five years (grade of B) and 14.3% per year over the past 10 years (grade of D).
For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about Kinetics Internet Adv A, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
KINAX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| KINAX Return (NAV) | 1.1% | -11.0% | -24.4% | 21.3% | 6.8% | 14.3% |
| KINAX Grade | A | F | F | B | B | D |
| +/- Category | 6.2% | -2.6% | -39.5% | 7.9% | 1.6% | -0.4% |
| Miscellaneous Sector Avg | -5.1% | -8.4% | 15.0% | 13.5% | 5.2% | 14.7% |
| KINAX Tax Cost Ratio | na | na | 0.5% | 0.3% | 0.3% | 1.5% |
KINAX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| KINAX Return (NAV) | -8.4% | -9.3% | 76.0% | 29.4% | -24.5% | 15.1% | 56.0% | 26.1% | -27.5% | 57.1% | 2.3% |
| KINAX Grade | F | D | B | A | F | B | B | D | F | A | D |
| +/- Category | -21.2% | -19.7% | 47.9% | 28.6% | -19.2% | 1.9% | 17.4% | -1.0% | -9.9% | 28.8% | -5.4% |
| Miscellaneous Sector Avg | 12.8% | 10.5% | 28.1% | 0.8% | -5.2% | 13.2% | 38.7% | 27.1% | -17.6% | 28.2% | 7.8% |
| Risk Measures | |
| Standard Deviation: | 28.1% |
| Total Risk Index: | 2.29 - High |
| Category Risk Index: | 0.97 - Average |
| Category Risk Grade: | C (59% Rank) |
| Beta: | 0.70 |
| R-Squared: | 10% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $248 Mil |
| Fund Total Assets: | $ 3 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 45% |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 27.1 years | |||
| Average Tenure: 17.1 years | |||
| Managers (Year): Tuen Steven (1999), Doyle Peter (1999), Davolos James (2006), Bregman Steven (2015), Colavita Brandon (2026) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 48 |
| % in Top 10 Holdings: | 92.2% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.3% |
Portfolio Allocation |
|
| Domestic Stock: | 49.0% |
| Foreign Stock: | 0.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 49.0% |
| Cash: | 1.7% |
Purchase Information
| Fund Family: | Kinetics |
| Phone Number: | 800-930-3828 |
| Website: | www.kineticsfunds.com |
| Status: | Open |
| Inception Date: | April 26, 2001 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $2,500 |
| True No-Load: | No |
| Front Load Maximum: | 5.75% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 2.00% |
| 12b-1 Fee: | 0.50% |
Expenses and Fees | |
| Expense Ratio (%): | 1.92% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.44% |
| Share Class: | Kinetics Internet No Load |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
