# EDGAR Filing Document

**Accession Number:** 0001083387
**File Stem:** 0000894189-25-004807
**Filing Date:** 2025-6
**Character Count:** 11101
**Document Hash:** 91734fe93b8afe54397fc81726191c42
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-004807.hdr.sgml**: 20250627

**ACCESSION NUMBER**: 0000894189-25-004807

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250627

**DATE AS OF CHANGE**: 20250627

**EFFECTIVENESS DATE**: 20250627

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** KINETICS MUTUAL FUNDS INC
- **CENTRAL INDEX KEY:** 0001083387

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-78275
- **FILM NUMBER:** 251085641

**BUSINESS ADDRESS:**
- **STREET 1:** 470 PARK AVENUE SOUTH
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10016
- **BUSINESS PHONE:** 914-703-6900

**MAIL ADDRESS:**
- **STREET 1:** 470 PARK AVENUE SOUTH
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10016

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MEDICAL FUND & THE CURE FOR CANCER INC
- **DATE OF NAME CHANGE:** 19990406

## Series and Classes Contracts Data

### Kinetics Internet Fund (Series ID: S000005029)

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| Advisor Class C     | KINCX         | C000013712 |
| Institutional Class | nan           | C000013713 |
| No Load Class       | WWWFX         | C000013714 |
| Advisor Class A     | KINAX         | C000013715 |

---

### Kinetics Paradigm Fund (Series ID: S000005030)

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| No Load Class       | WWNPX         | C000013717 |
| Advisor Class A     | KNPAX         | C000013718 |
| Advisor Class C     | KNPCX         | C000013719 |
| Institutional Class | KNPYX         | C000013720 |

---

### Kinetics Small Cap Opportunities Fund (Series ID: S000005031)

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| Advisor Class C     | KSOCX         | C000013722 |
| No Load Class       | KSCOX         | C000013723 |
| Advisor Class A     | KSOAX         | C000013724 |
| Institutional Class | KSCYX         | C000013725 |

---

### Kinetics Global Fund (Series ID: S000005032)

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| Advisor Class A     | KGLAX         | C000013726 |
| Advisor Class C     | KGLCX         | C000013728 |
| Institutional Class | nan           | C000013729 |
| No Load Class       | WWWEX         | C000013730 |

---

### Kinetics Market Opportunities Fund (Series ID: S000005035)

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| No Load Class       | KMKNX         | C000013737 |
| Advisor Class A     | KMKAX         | C000013738 |
| Advisor Class C     | KMKCX         | C000013740 |
| Institutional Class | KMKYX         | C000013741 |

---

### Kinetics Multi-Disciplinary Income Fund (Series ID: S000020819)

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| No Load             | KMDNX         | C000058159 |
| Advisor Class A     | KMDAX         | C000058160 |
| Advisor Class C     | KMDCX         | C000058161 |
| Institutional Class | KMDYX         | C000058162 |

---

### Kinetics Spin-Off and Corporate Restructuring Fund (Series ID: S000058593)

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| Advisor Class A     | LSHAX         | C000192497 |
| Advisor Class C     | LSHCX         | C000192498 |
| Institutional Class | LSHUX         | C000192499 |
| No Load Class       | LSHEX         | C000192500 |

---

## Series and Classes Contracts Data

### Kinetics Internet Fund (Series ID: S000005029)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000013712 | Advisor Class C     | KINCX           |
| C000013713 | Institutional Class |  |
| C000013714 | No Load Class       | WWWFX           |
| C000013715 | Advisor Class A     | KINAX           |

### Kinetics Paradigm Fund (Series ID: S000005030)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000013717 | No Load Class       | WWNPX           |
| C000013718 | Advisor Class A     | KNPAX           |
| C000013719 | Advisor Class C     | KNPCX           |
| C000013720 | Institutional Class | KNPYX           |

### Kinetics Small Cap Opportunities Fund (Series ID: S000005031)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000013722 | Advisor Class C     | KSOCX           |
| C000013723 | No Load Class       | KSCOX           |
| C000013724 | Advisor Class A     | KSOAX           |
| C000013725 | Institutional Class | KSCYX           |

### Kinetics Global Fund (Series ID: S000005032)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000013726 | Advisor Class A     | KGLAX           |
| C000013728 | Advisor Class C     | KGLCX           |
| C000013729 | Institutional Class |  |
| C000013730 | No Load Class       | WWWEX           |

### Kinetics Market Opportunities Fund (Series ID: S000005035)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000013737 | No Load Class       | KMKNX           |
| C000013738 | Advisor Class A     | KMKAX           |
| C000013740 | Advisor Class C     | KMKCX           |
| C000013741 | Institutional Class | KMKYX           |

### Kinetics Multi-Disciplinary Income Fund (Series ID: S000020819)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000058159 | No Load             | KMDNX           |
| C000058160 | Advisor Class A     | KMDAX           |
| C000058161 | Advisor Class C     | KMDCX           |
| C000058162 | Institutional Class | KMDYX           |

### Kinetics Spin-Off and Corporate Restructuring Fund (Series ID: S000058593)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000192497 | Advisor Class A     | LSHAX           |
| C000192498 | Advisor Class C     | LSHCX           |
| C000192499 | Institutional Class | LSHUX           |
| C000192500 | No Load Class       | LSHEX           |

**Kinetics Mutual Funds, Inc.**

**The Internet Fund**

**The Global Fund**

**The Paradigm Fund**

**The Small Cap Opportunities Fund**

**The Market Opportunities Fund**

**The Multi-Disciplinary Income Fund**

**The Kinetics Spin-off and Corporate Restructuring Fund**

**(each a "Fund")**

**Supplement dated June 27, 2025, to the Kinetics Advisor Classes Prospectus and the** 

**Kinetics Spin-off and Corporate Restructuring Fund Prospectus dated April 30, 2025**

Effective immediately, the following disclosure is added to Appendix A of the Kinetics Advisor Class A and C prospectus and the Kinetics Spin-off and Corporate Restructuring Fund prospectus.

**<u>J.P. MORGAN SECURITIES LLC</u>**

If you purchase or hold fund shares through an applicable J.P. Morgan Securities LLC brokerage account, you will be eligible for the following sales charge waivers (front-end sales charge waivers and contingent deferred sales charge ("CDSC"), or back-end sales charge, waivers), share class conversion policy and discounts, which may differ from those disclosed elsewhere in this fund's prospectus or Statement of Additional Information ("SAI").

**Front-end sales charge waivers on Class A shares available at J.P. Morgan Securities LLC** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Shares exchanged from Class C (*i.e.*, level-load) shares that are no longer subject to a CDSC and are exchanged into Class A shares of the same fund pursuant to J.P. Morgan Securities LLC's share class exchange policy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Qualified employer-sponsored defined contribution and defined benefit retirement plans, nonqualified deferred compensation plans, other employee benefit plans and trusts used to fund those plans. For purposes of this provision, such plans do not include SEP IRAs, SIMPLE IRAs, SAR-SEPs or 501(c)(3) accounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Shares of funds purchased through J.P. Morgan Securities LLC Self-Directed Investing accounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Shares purchased through rights of reinstatement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund (but not any other fund within the fund family).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Shares purchased by employees and registered representatives of J.P. Morgan Securities LLC or its affiliates and their spouse or financial dependent as defined by J.P. Morgan Securities LLC.

**Class C to Class A share conversion** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A shareholder in the fund's Class C shares will have their shares converted by J.P. Morgan Securities LLC to Class A shares (or the appropriate share class) of the same fund if the shares

------

are no longer subject to a CDSC and the conversion is consistent with J.P. Morgan Securities LLC's policies and procedures.

**CDSC waivers on Class A and C shares available at J.P. Morgan Securities LLC** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Shares sold upon the death or disability of the shareholder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Shares sold as part of a systematic withdrawal plan as described in the fund's prospectus.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Shares purchased in connection with a return of excess contributions from an IRA account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Shares sold as part of a required minimum distribution for IRA and retirement accounts pursuant to the Internal Revenue Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Shares acquired through a right of reinstatement.

**Front-end load discounts available at J.P. Morgan Securities LLC: breakpoints, rights of accumulation & letters of intent** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Breakpoints as described in the prospectus.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Rights of Accumulation ("ROA") which entitle shareholders to breakpoint discounts as described in the fund's prospectus will be automatically calculated based on the aggregated holding of fund family assets held by accounts within the purchaser's household at J.P. Morgan Securities LLC. Eligible fund family assets not held at J.P. Morgan Securities LLC (including 529 program holdings, where applicable) may be included in the ROA calculation only if the shareholder notifies their financial advisor about such assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Letters of Intent ("LOI") which allow for breakpoint discounts based on anticipated purchases within a fund family, through J.P. Morgan Securities LLC, over a 13-month period of time (if applicable).

\* \* \* \* \* \* \* \* \* \* \* \*

**Please retain this Supplement with your Prospectuses for future reference**.

<br>