LSHCX Fees and Costs — Kinetics Spin-Off and Corporate Restructuring Fund, Advisor Class C
Data updated: 2026-08-19
The net expense ratio is 2.25%: a 1.00% management fee, a 0.75% 12b-1 fee plus 0.70% other expenses, less a 0.20% fee waiver. This share class carries a deferred sales charge of up to 1.00% and a redemption fee of 2.00%. In fiscal 2025 the fund paid $1K in broker commissions, 0.0037% of average net assets, and portfolio turnover was 4%.
LSHCX Fees and Expenses
Annual operating expenses and sales charges of LSHCX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.75% |
| Other expenses | 0.70% |
| Gross expense ratio | 2.45% |
| Fee waiver | −0.20% |
| Net expense ratio | 2.25% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| 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 |
LSHCX Costs Over Time
On $10,000 invested in LSHCX, assuming 5% a year before costs, total costs come to $1,375 over 5 years, cutting the return by 2.37% 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 | $103 | $0 | $0 |
| Fund expenses (net expense ratio 2.25%) | $236 | $728 | $1,245 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $36 | $128 |
| Total costs | $339 | $765 | $1,375 |
| Value after costs | $10,161 | $10,811 | $11,388 |
| Impact on return, per year | 3.39% | 2.37% | 2.37% |
LSHCX 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): 0.0037%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $336K
- Portfolio turnover (prospectus): 4%
- Securities lending: none during the year
LSHCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| VIRTU ITG LLC | $780 | 60.85% |
| WEEDEN & CO.L.P. | $381 | 29.74% |
| FBN SECURITIES INC. | $49 | 3.84% |
| MADISON WILLIAMS AND COMPANY | $47 | 3.69% |
| FIDELITY BROKERAGE SERVICES LLC | $24 | 1.87% |
LSHCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| ACADEMY SECURITIES INC. | $282K | 84.03% |
| WEEDEN & CO.L.P. | $54K | 15.97% |
Kinetics Spin-Off and Corporate Restructuring Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| LSHUX | Institutional Class | 1.25% | none |
| LSHEX | No Load Class | 1.45% | none |
| LSHAX | Advisor Class A | 1.50% | 5.75% |
| LSHCX | Advisor Class C | 2.25% | 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.