Kinetics Paradigm Fund Advisor Class C (KNPCX)

Overview

The fund, as detailed, is a non-diversified investment entity that commits its entire investable capital into the Paradigm Portfolio, categorised under the Kinetics Portfolios Trust. Its investment strategy is particularly notable for its focus on investing a significant portion of its assets (at least 65%) in a variety of equity securities. These include common stocks, exchange-traded funds (ETFs), convertible securities, warrants, and other securities that share common stock characteristics, such as American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs), and International Depositary Receipts (IDRs). The fund places a strong emphasis on selecting U.S. and foreign companies that, according to the investment adviser's analysis, are currently undervalued. By describing itself as non-diversified, the fund highlights its strategy of possibly concentrating investments in fewer securities or sectors, compared to diversified funds.

Products and Services

• Common Stocks:

Equity investments in publicly traded companies representing ownership shares in those companies. The fund targets common stocks of companies it assesses as undervalued.

• Exchange-Traded Funds (ETFs):

Investment funds traded on stock exchanges, much like stocks. The fund invests in ETFs as a way to gain exposure to a diversified portfolio of assets.

• Convertible Securities:

Financial instruments, such as bonds or preferred shares, that can be converted into a predetermined number of common stock or equity shares. They offer the fund a way to invest in debt and/or equity with a potential upside in equity conversion.

• Warrants:

Derivatives that provide the right, but not the obligation, to buy or sell a security (most often equity) at a certain price before expiration. This investment option offers the fund leverage potential and flexibility.

• Other Equity Securities:

This category includes securities with characteristics of common stocks, such as American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs), and International Depositary Receipts (IDRs). These instruments allow the fund to invest in foreign companies' stocks, providing it with global exposure and diversification.