KMKYX Performance — Kinetics Market Opportunities Fund, Institutional Class
Data updated: 2026-08-19
KMKYX returned +17.29% year to date and +7.43% over one year to Jun 2026. Annualised returns are +35.21% over 3 years and +16.09% over 5 years. Against its US Blend category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $247, against $149 for the category, and to $107 over one year, against $121. Volatility over the past three years was 31.15% a year. In the 12 months to Jun 2026 the fund lost a net $25.9M, and assets reached $302.69M.
KMKYX Growth of $100
What $100 invested in Kinetics Market Opportunities Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Blend category average over the same months.
| Period | KMKYX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $107 | $121 |
| 3 years (Jul 2023 – Jun 2026) | $247 | $149 |
| 5 years (Jul 2021 – Jun 2026) | $211 | $143 |
| Since data start (Jul 2019 – Jun 2026) | $337 | $177 |
KMKYX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +17.29% |
| 1 year | +7.43% |
| 3 years (annualised) | +35.21% |
| 5 years (annualised) | +16.09% |
KMKYX Annual Returns
Calendar-year total returns of Kinetics Market Opportunities Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +17.29% |
| 2025 | −2.88% |
| 2024 | +84.41% |
| 2023 | −7.16% |
| 2022 | +15.20% |
| 2021 | +28.30% |
| 2020 | +19.79% |
| 2019 (Jul–Dec) | −2.26% |
KMKYX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +10.0% | +18.6% | −6.0% | −0.3% | −5.8% | +1.9% | — | — | — | — | — | — |
| 2025 | +11.8% | +2.2% | −3.7% | +0.4% | −3.2% | −0.9% | −1.7% | −0.7% | +1.6% | −0.2% | −6.3% | −1.1% |
| 2024 | −1.5% | +12.4% | +8.0% | −5.4% | +7.4% | +5.9% | +11.7% | −0.3% | +2.9% | +20.6% | +30.0% | −20.4% |
| 2023 | −6.8% | −6.6% | +0.3% | −6.4% | −6.9% | +3.8% | +6.6% | +10.4% | −1.9% | +3.5% | −2.2% | +0.7% |
| 2022 | −9.4% | +5.4% | +6.7% | −3.3% | +1.5% | −8.1% | +13.2% | −1.9% | −3.6% | +16.8% | +7.0% | −6.2% |
| 2021 | +4.6% | +16.5% | +19.8% | −1.1% | −9.0% | +4.1% | −0.6% | −2.4% | −6.4% | +11.6% | −4.0% | −3.6% |
| 2020 | +1.4% | −4.3% | −19.1% | +15.8% | +2.3% | −0.9% | +0.8% | +1.9% | −7.2% | +2.2% | +17.9% | +13.3% |
| 2019 | — | — | — | — | — | — | +0.1% | −7.0% | −0.9% | −2.6% | +4.0% | +4.6% |
KMKYX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 31.15%
- 3-year Sharpe ratio: 0.99 (vs 4.5% risk-free rate)
- Best month: +30.05% (Nov 2024)
- Worst month: −20.39% (Dec 2024)
KMKYX Fund Flows
Monthly money in and out of Kinetics Market Opportunities Fund, from SEC Form N-PORT.
- 12-month net flow: −$25.9M
- 12-month gross sales (incl. reinvestments): $90.1M
- Sales ÷ redemptions: 0.78×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $2.9M | $4.8M | −$1.9M |
| May 2026 | $5.0M | $12.9M | −$8.0M |
| Apr 2026 | $7.3M | $5.1M | $2.2M |
| Mar 2026 | $6.4M | $5.0M | $1.4M |
| Feb 2026 | $7.5M | $7.6M | −$182K |
| Jan 2026 | $3.3M | $7.0M | −$3.8M |
| Dec 2025 | $5.0M | $10.3M | −$5.3M |
| Nov 2025 | $3.2M | $5.7M | −$2.5M |
| Oct 2025 | $6.6M | $9.2M | −$2.6M |
| Sep 2025 | $8.1M | $7.1M | $956K |
| Aug 2025 | $9.6M | $10.1M | −$571K |
| Jul 2025 | $25.5M | $31.2M | −$5.8M |
KMKYX Assets Under Management
Net assets of Kinetics Market Opportunities Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $302.69M |
| 2026-03-31 | $324.72M |
| 2025-12-31 | $267.83M |
| 2025-09-30 | $302.84M |
| 2025-06-30 | $310.86M |
| 2025-03-31 | $346.11M |
| 2024-12-31 | $222.94M |
| 2024-09-30 | $175.42M |
| 2024-06-30 | $155.50M |
| 2024-03-31 | $143.55M |
| 2023-12-31 | $131.22M |
| 2023-09-30 | $130.15M |
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.