Horizon Kinetics Account Access Contact Our ApproachDistributionsIncome InvestingPredictive AttributesInvestment Approach Our Funds / NAV's for December 1st, 2021 Choose a Fund Type EQUITIES Paradigm Fund WWNPX No Load Class $72.21 - 1.98% WWNPX No Load Class KNPAX Advisor A KNPCX Advisor C KNPYX Institutional EQUITIES Small Cap Opportunities Fund KSCOX No Load Class $96.25 - 1.73% KSCOX No Load Class KSOAX Advisor A KSOCX Advisor C KSCYX Institutional INCOME INVESTING Multi-Disciplinary Income Fund KMDNX No Load Class $10.40 + 0.10% KMDNX No Load Class KMDAX Advisor A KMDCX Advisor C KMDYX Institutional INCOME INVESTING Alternative Income Fund KWINX No Load Class $98.90 - 0.03% KWINX No Load Class KWIAX Advisor A KWICX Advisor C KWIIX Institutional SPECIALTY / SECTOR Internet Fund WWWFX No Load Class $65.82 - 1.61% WWWFX No Load Class KINAX Advisor A KINCX Advisor C SPECIALTY / SECTOR Market Opportunities Fund KMKNX No Load Class $41.61 - 1.65% KMKNX No Load Class KMKAX Advisor A KMKCX Advisor C KMKYX Institutional EQUITIES Global Fund WWWEX No Load Class $10.14 - 1.55% WWWEX No Load Class KGLAX Advisor A KGLCX Advisor C SPECIALTY / SECTOR Medical Fund MEDRX No Load Class $28.63 - 0.69% MEDRX No Load Class KRXAX Advisor A KRXCX Advisor C EQUITIES Spin-Off and Corporate Restructuring Fund LSHUX Institutional $17.36 - 1.75% LSHEX No Load Class LSHAX Advisor A LSHCX Advisor C LSHUX Institutional Fund Overview / Growth of $10,000 returns since inception Paradigm Fund EQUITIES Paradigm Fund WWNPX No Load Class U.S. focused all-cap fund comprised of investments in misunderstood or underappreciated companies whose businesses exhibit long product life cycles and have substantial barriers to entry. Proprietary in-house research sources original investment opportunities in companies for which investors fail to distinguish between permanent and transitory problems. The strategy seeks to capture long-term results commensurate with the returns of companies’ underlying businesses, and has low turnover. '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 $20,000 $40,000 $60,000 $80,000 $100,000 The Paradigm Fund No Load Class inception date is 12/31/1999. Figures include changes in principal value, reinvested dividends and capital gains distributions. Performance data quoted represents past performance and does not guarantee future results. Investment return and principal value will vary, and shares may be worth more or less at redemption than at original purchase. The most recent month-end performance data is listed below, or you may obtain it by calling us at 1-800-930-3828. Current performance may be lower or higher than the performance data quoted. Performance data does not reflect the deduction of the sales load or fee which, if reflected, would reduce the performance quoted. You will be charged a redemption fee equal to 2.00% of the net amount of the redemption if you redeem or exchange your shares 30 days or less after you purchase them. Insights / Commentary & News See All NEWS / COMMENTARY Conference Call October 12, 2021 November 3, 2021 Peter Doyle, President of Kinetics Mutual Funds, Inc. hosted a conference call on October 12, 2021. Click to view the transcript of the call. READ MORE NEWS / COMMENTARY Conference Call July 14, 2021 August 5, 2021 Peter Doyle, President of Kinetics Mutual Funds, Inc. and Co-Founder of Horizon Kinetics LLC, and James Davolos, Co-Portfolio Manager and Investment Team Member, hosted a conference call on July 14, 2021. Click to view the transcript of the call. READ MORE NEWS / COMMENTARY Conference Call April 13, 2021 May 5, 2021 Peter Doyle, President of Kinetics Mutual Funds, Inc. and Co-Founder of Horizon Kinetics LLC, and James Davolos, Co-Portfolio Manager and Investment Team Member, hosted a conference call on April 13, 2021. Click to view the transcript of the call. READ MORE Disclosure Performance data quoted represents past performance and does not guarantee future results. Investment return and principal value will vary, and shares may be worth more or less at redemption than at original purchase. You may obtain standardized performance, including the most recent month-end performance, for each of the No-Load Class of Funds by visiting each Fund’s performance page, or by calling us at 1-800-930-3828. Current performance may be lower or higher than the performance data quoted. Where performance information is listed, returns include changes in principal value, reinvested dividends and capital gains distributions. Performance data does not reflect the deduction of the sales load or fee which, if reflected, would reduce the performance quoted. You will be charged a redemption fee equal to 2.00% of the net amount of the redemption if you redeem or exchange your shares 30 days or less after you purchase them. Please click here to access additional important disclosures. GROWTH OF 10K CHART The Growth of $10,000 chart illustrates the performance of a hypothetical $10,000 investment made in No Load Class shares on commencement of operations. It assumes reinvestment of capital gains and dividends. This chart is not intended to imply any future performance. The Alternative Income Fund No Load Class inception date is 6/29/07; however, the Fund began pursuing its current investment objective through a new investment strategy as of 12/31/12. ALTERNATIVE INCOME FUND The Alternative Income Fund No Load Class inception date is 6/29/2007; however, the Fund began pursuing its current investment objective through a new investment strategy as of 12/31/2012.