88.48 Up unch unch
DETAILS
Symbol Value ($)
Morningstar Rating
Previous Close 88.48
Category Short-Term Bond
Net Assets 3.28 Mil
Yield 0.00%
Morningstar Risk Below Average
Morningstar Return Low
  • Last NAV update 4/17/2014 4:00 PM ET
INVESTMENT OBJECTIVE
NA
The investment seeks current income and gains; long-term growth of capital is a secondary objective. The Alternative Income Fund is a non-diversified fund that invests all of its investable assets in the Alternative Income Portfolio (formerly the Water Infrastructure Portfolio), a series of Kinetics Portfolios Trust. Under normal circumstances, the Alternative Income Portfolio will hold a diversified portfolio of primarily fixed income securities and implement an equity put writing option strategy intended to generate returns from the receipt of option premiums. The fund is non-diversified.
CUMULATIVE PERFORMANCE OF $10,000
  2010 2011 2012 2013 2014
Return -4.80% -5.08% 9.61% 4.91% 1.00%
Value ($) 9,520.17 9,036.14 9,904.94 10,391.29 10,495.68
  • Year to date performance as of 4/17/2014 12:00 AM ET
MANAGEMENT & PURCHASE INFO
Symbol Value ($)
Fund Family Kinetics
Fund Manager Murray Stahl
Tenure (Years) 4
Fund Status Open
Minimum Initial Purchase 2,500.00
Minimum IRA Investment 2,500.00
Front Load 5.75
Expense Ratio 1.20%
PERFORMANCE
Symbol Value ($)
1 Month 0.23%
3 Months 0.72%
1 Year 4.96%
3 Years* 2.10%
5 Years* 4.75%
  • * Annualized returns
  • Performance as of 4/17/2014 12:00 AM ET
PEER COMPARISON
  KWIAX Short-Term Bond
5-Yr Return 4.75% 3.70%
Sharpe Ratio 0.25 0.46
Net Assets 3.28 Mil 640.53 Mil
Avg Market Cap NA NA
Avg P/E NA NA
Portfolio Turnover 19 140
HOLDINGS
Symbol Value ($)
Stocks 0.01%
Cash 17.84%
Fixed Income 84.66%
Other 0.10%
TOP 10 HOLDINGS
NAME % NET ASSETS
iShares 1-3 Year Credit Bond 15.35%
SPDR Barclays Capital Short Term Corp Bd 3.71%
PIMCO Enhanced Short Maturity ETF 1.79%
US Treasury Note 0.25% 1.76%
Wellpoint 1.25% 1.52%
Freeport-Mcmoran Copper & Gold 1.4% 1.52%
FFCB 0.375% 1.51%
FHLMC 0.5% 1.51%
US Treasury Note 0.625% 1.51%
FNMA 1.875% 1.29%
DATA PROVIDERS

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