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* Annualized
** Non-Annualized
You should consider the investment objectives, risks, charges and expenses of the fund carefully before investing. Call 1-800-930-3828 or click on the "Prospectus" link at the top of the page for the most recent month-end performance data. You should read the prospectus carefully before you invest.
^ The Alternative Income Fund inception date is 06/29/07. The Alternative Income Fund (formerly The Water Infrastructure Fund) began pursuing a new investment objective and implementing a new investment strategy as of December 31, 2012.
Performance data quoted represents past performance and
does not guarantee future results. Figures include changes in
principal value, reinvested dividends and capital gains
distributions. Investment return and principal value will vary, and
shares may be worth more or less at redemption than original
purchase. Current performance may be lower or higher than the performance data quoted. Performance data does not reflect the deduction of the sales load or fee. You will be charged a redemption fee equal to 2.00% of the net amount of the redemption if you redeem or exchange your shares 30 days or less after you purchase them.
¹ Reflects S&P returns which include dividends reinvested.
² Reflects NASDAQ returns which do not include dividends being reinvested.
³ Cumulative return from Fund inception to year end.
The Fund's Total Gross and Net Expense Ratios can be found by clicking on the "Statistics" tab to the left hand side of the page.
Due to market
volatility, current performance may be more or less than those shown
for standard quarter-end periods.
The Fund invests in options and other derivative instruments, which are specialized activities and entail greater than ordinary investment risks, including that they may be illiquid, difficult to price and leveraged so that small changes may produce disproportionate losses. The Fund may rely on SEC orders that permit it to invest greater than 5% of its total assets in the securities of other investment companies, some of which may be exchange traded funds (ETFs). As a shareholder in an ETF, the Alternative Income Fund will bear its pro rata portion of an ETFs expenses, including advisory fees, in addition to its own expenses. Investing in foreign securities can carry higher returns than those generally associated with U.S. investments, however, foreign securities may be substantially riskier than U.S. investments. Investments in debt securities rated below investment grade (i.e., junk bonds) are subject to increased risks. As a non-diversified fund, the value of its shares may fluctuate more than shares invested in a broader range of industries. You should consult the fund’s prospectus for a complete list of risks associated with your investment.
Kinetics Mutual Funds, unlike other
investment companies that directly acquire and manage their own
portfolios of securities, pursue their investment objectives by
investing all of their investable assets in a corresponding
portfolio series of Kinetics Portfolio Trust.
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.
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