KINAX Fees and Costs — Kinetics Internet Fund, Advisor Class A
Data updated: 2026-08-19
The net expense ratio is 1.92%: a 1.25% management fee, a 0.50% 12b-1 fee plus 0.17% other expenses. This share class carries a maximum front-end sales load of 5.75% and a redemption fee of 2.00%. Portfolio turnover was 45%.
KINAX Fees and Expenses
Annual operating expenses and sales charges of KINAX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.17% |
| Gross expense ratio | 1.92% |
| Fee waiver | — |
| Net expense ratio | 1.92% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 0.00% |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
KINAX Costs Over Time
On $10,000 invested in KINAX, assuming 5% a year before costs, total costs come to $1,845 over 5 years, cutting the return by 3.23% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.92%) | $190 | $587 | $1,008 |
| Lost growth on money paid in costs | $29 | $120 | $262 |
| Total costs | $794 | $1,282 | $1,845 |
| Value after costs | $9,706 | $10,294 | $10,918 |
| Impact on return, per year | 7.94% | 4.03% | 3.23% |
KINAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 45%
- Securities on loan, average value: —
- Net income from securities lending: —
KINAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS LLC | $2K | 39.09% |
| VIRTU ITG LLC | $2K | 31.82% |
| WEEDEN & CO.L.P. | $860 | 14.20% |
| FIDELITY BROKERAGE SERVICES LLC | $791 | 13.06% |
| FBN SECURITIES INC. | $111 | 1.83% |
Kinetics Internet Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| WWWFX | No Load Class | 1.67% | — |
| KINAX | Advisor Class A | 1.92% | 5.75% |
| KINCX | Advisor Class C | 2.42% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.