KWIIX Performance — Kinetics Alternative Income Fund, Institutional Class
Data updated: 2023-03-16
KWIIX returned −5.53% over one year to Oct 2022. The annualised 3-year return is −1.32%. Against its Emerging Markets Real Estate category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $96, against $98 for the category, and to $94 over one year, against $78. Volatility over the past three years was 1.87% a year. In the 12 months to Dec 2022 the fund took in a net $22.7M, and assets reached $7.38M.
KWIIX Growth of $100
What $100 invested in Kinetics Alternative Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Emerging Markets Real Estate category average over the same months.
| Period | KWIIX | Category average |
|---|---|---|
| 1 year (Nov 2021 – Oct 2022) | $94 | $78 |
| 3 years (Nov 2019 – Oct 2022) | $96 | $98 |
| Since data start (Jul 2019 – Oct 2022) | $97 | $101 |
KWIIX Trailing Returns
Total returns to Oct 2022, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | −5.53% |
| 3 years (annualised) | −1.32% |
KWIIX Annual Returns
Calendar-year total returns of Kinetics Alternative Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2022 (Jan–Oct) | −5.31% |
| 2021 | −1.14% |
| 2020 | +2.44% |
| 2019 (Jul–Dec) | +0.91% |
KWIIX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | −0.8% | −0.5% | −1.3% | −1.0% | +0.6% | −0.9% | +1.0% | −1.0% | −1.4% | −0.2% | — | — |
| 2021 | −0.1% | −0.2% | −0.1% | +0.1% | +0.1% | −0.1% | +0.1% | −0.1% | −0.2% | −0.4% | −0.2% | 0.0% |
| 2020 | +0.3% | +0.2% | −0.4% | +1.0% | +0.5% | +0.3% | +0.2% | 0.0% | −0.1% | 0.0% | +0.2% | +0.1% |
| 2019 | — | — | — | — | — | — | +0.1% | +0.4% | +0.1% | +0.2% | +0.1% | +0.2% |
KWIIX Risk
Risk measures from monthly returns over Nov 2019 – Oct 2022.
- 3-year volatility (annualised): 1.87%
- 3-year Sharpe ratio: -3.12 (vs 4.5% risk-free rate)
- Best month: +1.01% (Jul 2022)
- Worst month: −1.35% (Sep 2022)
KWIIX Fund Flows
Monthly money in and out of Kinetics Alternative Income Fund, from SEC Form N-PORT.
- 12-month net flow: $22.7M
- 12-month gross sales (incl. reinvestments): $11.1M
- Sales ÷ redemptions: -0.96×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Dec 2022 | $177K | −$2.9M | $3.1M |
| Nov 2022 | $10.7M | −$7.8M | $18.5M |
| Oct 2022 | $184 | −$34K | $34K |
| Sep 2022 | $33K | −$168K | $201K |
| Aug 2022 | $55K | −$59K | $114K |
| Jul 2022 | $6K | −$14K | $20K |
| Jun 2022 | $19K | −$51K | $70K |
| May 2022 | $300 | −$2K | $2K |
| Apr 2022 | $9K | −$196K | $205K |
| Mar 2022 | $300 | −$85K | $86K |
| Feb 2022 | $45K | −$78K | $123K |
| Jan 2022 | $86K | −$163K | $249K |
KWIIX Assets Under Management
Net assets of Kinetics Alternative Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2022-12-31 | $7.38M |
| 2022-09-30 | $7.27M |
| 2022-06-30 | $7.54M |
| 2022-03-31 | $7.87M |
| 2021-12-31 | $8.28M |
| 2021-09-30 | $8.76M |
| 2021-06-30 | $11.94M |
| 2021-03-31 | $12.24M |
| 2020-12-31 | $12.60M |
| 2020-09-30 | $13.01M |
| 2020-06-30 | $14.30M |
| 2020-03-31 | $14.62M |
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.