Kinetics 2012 Annual Report

Kinetics 2012 Semi-Annual Report

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Summary Prospectuses

Fund Name	Fund Class
	Investor	Advisor - A & C	Institutional
The Paradigm Fund	WWNPX	KNPAX & KNPCX	KNPYX
The Small Cap Fund	KSCOX	KSOAX & KSOCX	KSCYX
The Market Opportunities Fund	KMKNX	KMKAX & KMKCX	KMKYX
The Alternative Income Fund	KWINX	KWIAX & KWICX	KWIIX
The Internet Fund	WWWFX	KINAX & KINCX
The Medical Fund	MEDRX	KRXAX & KRXCX
The Global Fund	WWWEX	KGLAX & KGLCX
The Multi-Disciplinary Fund	KMDNX	KMDAX & KMDCX	KMDYX

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