LSHUX Performance — Kinetics Spin-Off and Corporate Restructuring Fund, Institutional Class
Data updated: 2026-08-19
LSHUX returned +44.27% year to date and +21.36% over one year to Jun 2026. Annualised returns are +33.66% over 3 years and +15.77% over 5 years. Against its Energy Equity category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $239, against $181 for the category, and to $121 over one year, against $128. Volatility over the past three years was 42.36% a year. In the 12 months to Jun 2026 the fund lost a net $537K, and assets reached $35.98M.
LSHUX Growth of $100
What $100 invested in Kinetics Spin-Off and Corporate Restructuring Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Energy Equity category average over the same months.
| Period | LSHUX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $121 | $128 |
| 3 years (Jul 2023 – Jun 2026) | $239 | $181 |
| 5 years (Jul 2021 – Jun 2026) | $208 | $257 |
| Since data start (Jul 2019 – Jun 2026) | $376 | $277 |
LSHUX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +44.27% |
| 1 year | +21.36% |
| 3 years (annualised) | +33.66% |
| 5 years (annualised) | +15.77% |
LSHUX Annual Returns
Calendar-year total returns of Kinetics Spin-Off and Corporate Restructuring Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +44.27% |
| 2025 | −19.29% |
| 2024 | +82.87% |
| 2023 | −19.43% |
| 2022 | +39.81% |
| 2021 | +43.11% |
| 2020 | +5.45% |
| 2019 (Jul–Dec) | +3.97% |
LSHUX 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 | +18.2% | +40.0% | −8.0% | −4.5% | −9.2% | +9.3% | — | — | — | — | — | — |
| 2025 | +12.8% | +7.8% | −5.8% | −2.3% | −10.5% | −4.3% | −7.6% | −3.0% | −0.2% | +1.7% | −6.6% | −1.1% |
| 2024 | −4.5% | +5.5% | +7.1% | −0.6% | +6.3% | +13.3% | +14.9% | +2.0% | +2.5% | +22.7% | +29.4% | −25.7% |
| 2023 | −7.6% | −7.5% | −4.1% | −8.1% | −6.6% | +2.2% | +9.4% | +13.3% | −2.5% | −0.5% | −5.1% | −1.6% |
| 2022 | −8.9% | +4.8% | +9.3% | −2.5% | +8.5% | −7.2% | +17.9% | −1.4% | −4.8% | +21.5% | +9.1% | −6.9% |
| 2021 | +6.2% | +20.7% | +23.2% | +0.6% | −2.7% | +6.9% | −4.4% | −4.1% | −7.8% | +3.5% | −5.1% | +4.2% |
| 2020 | −2.1% | −7.0% | −32.8% | +24.9% | +4.8% | +1.5% | −0.4% | +2.4% | −7.3% | −2.3% | +25.1% | +12.3% |
| 2019 | — | — | — | — | — | — | +1.8% | −10.0% | +0.7% | −3.4% | +7.4% | +8.6% |
LSHUX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 42.36%
- 3-year Sharpe ratio: 0.69 (vs 4.5% risk-free rate)
- Best month: +40.01% (Feb 2026)
- Worst month: −25.72% (Dec 2024)
LSHUX Fund Flows
Monthly money in and out of Kinetics Spin-Off and Corporate Restructuring Fund, from SEC Form N-PORT.
- 12-month net flow: −$537K
- 12-month gross sales (incl. reinvestments): $5.4M
- Sales ÷ redemptions: 0.91×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $5K | $180K | −$175K |
| May 2026 | $69K | $1.6M | −$1.5M |
| Apr 2026 | $58K | $423K | −$365K |
| Mar 2026 | $445K | $447K | −$2K |
| Feb 2026 | $1.8M | $251K | $1.6M |
| Jan 2026 | $65K | $832K | −$767K |
| Dec 2025 | $2.7M | $515K | $2.2M |
| Nov 2025 | $31K | $482K | −$452K |
| Oct 2025 | $14K | $249K | −$234K |
| Sep 2025 | $60K | $502K | −$442K |
| Aug 2025 | $56K | $235K | −$179K |
| Jul 2025 | $60K | $272K | −$212K |
LSHUX Assets Under Management
Net assets of Kinetics Spin-Off and Corporate Restructuring Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $35.98M |
| 2026-03-31 | $40.20M |
| 2025-12-31 | $26.18M |
| 2025-09-30 | $29.08M |
| 2025-06-30 | $33.44M |
| 2025-03-31 | $42.13M |
| 2024-12-31 | $36.65M |
| 2024-09-30 | $32.02M |
| 2024-06-30 | $26.18M |
| 2024-03-31 | $22.66M |
| 2023-12-31 | $22.59M |
| 2023-09-30 | $25.40M |
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.