The information on this
website is only for residents of the United States and its territories.
This site should not be considered a solicitation to purchase or an offer
to sell shares of Kinetics Mutual Funds in any state or territory where
such actions would be deemed unlawful under the laws of that
jurisdiction.
This material is intended to be reviewed in
conjunction with a current prospectus, which includes all fees and
expenses that apply to a continued investment, as well as information
regarding the risk factors, policies and objectives of the funds. Read it
carefully before investing.
Because the Funds [other than The
Paradigm Fund and The Small Cap Opportunities Fund] invest in a single industry, their shares do
not represent a complete investment program. Internet and biotechnology
stocks are subject to a rate of change in technology, obsolescence and
competition which is generally higher than that of other industries, and
have experienced extreme price and volume fluctuations.
Because smaller companies [for Water Infrastructure Fund and Small Cap Opportunities Fund] often have narrower markets and limited financial resources, they present more risk than larger more well established companies.
As non-diversified and single industry funds, the value of their shares
may fluctuate more than shares invested in a broader range of industries
and companies.
Kinetics Mutual
Funds, unlike other investment companies that directly acquire and manage
their own portfolios of securities, the Funds pursue their investment
objectives by investing all of their investable assets in a corresponding
portfolio series of Kinetics Portfolios Trust.
Distributor:
Kinetics Funds Distributor LLC is not an affiliate of Kinetics Mutual
Funds, Inc. Kinetics Funds Distributor is an affiliate of Kinetics Asset
Management LLC, Investment Adviser to Kinetics Mutual Funds,
Inc.
The Dow Jones Industrial
Average (DJIA), 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. |
