KSOAX Fees and Costs — Kinetics Small Cap Opportunities Fund, Advisor Class A
Data updated: 2026-08-19
The net expense ratio is 1.89%: a 1.25% management fee, a 0.50% 12b-1 fee plus 0.15% other expenses, less a 0.01% fee waiver. This share class carries a maximum front-end sales load of 5.75% and a redemption fee of 2.00%. Portfolio turnover was 0%.
KSOAX Fees and Expenses
Annual operating expenses and sales charges of KSOAX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.15% |
| Gross expense ratio | 1.90% |
| Fee waiver | −0.01% |
| Net expense ratio | 1.89% |
| 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 |
KSOAX Costs Over Time
On $10,000 invested in KSOAX, assuming 5% a year before costs, total costs come to $1,828 over 5 years, cutting the return by 3.20% 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 1.89%) | $187 | $578 | $993 |
| Lost growth on money paid in costs | $29 | $119 | $260 |
| Total costs | $791 | $1,273 | $1,828 |
| Value after costs | $9,709 | $10,304 | $10,934 |
| Impact on return, per year | 7.91% | 4.00% | 3.20% |
KSOAX 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): 0%
- Securities on loan, average value: —
- Net income from securities lending: —
KSOAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| VIRTU ITG LLC | $5K | 39.89% |
| FIDELITY BROKERAGE SERVICES LLC | $4K | 26.26% |
| BNY MELLON CAPITAL MARKETS LLC | $3K | 24.78% |
| WEEDEN & CO.L.P. | $936 | 6.93% |
| VIRTU FINANCIAL CAPITAL MARKETS LLC | $288 | 2.13% |
Kinetics Small Cap Opportunities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| KSCYX | Institutional Class | 1.44% | — |
| KSCOX | No Load Class | 1.64% | — |
| KSOAX | Advisor Class A | 1.89% | 5.75% |
| KSOCX | Advisor Class C | 2.39% | 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.