Kinetics The Global Fund
WWWEX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 470 Park Avenue South New York NY United States of America 10016
- IPO Date
- Dec 31, 1999
- CIK
- 0001083387
- Website
- kineticsfunds.com
- Similar Companies
- Business
- Kinetics The Global Fund (WWWEX) is a diversified open-end mutual fund that seeks long-term growth of capital by investing primarily in common stocks, convertible securities, warrants, preferred stocks, and other equity securities of U.S. and foreign companies exhibiting classic value investment characteristics and pricing dislocations; it maintains at least 40% of its net assets in companies located outside the United States and provides indirect exposure to bitcoin through holdings such as Grayscale Bitcoin Trust ETF and Grayscale Bitcoin Mini Trust ETF. The fund invests all of its investable assets in the Global Portfolio, a series of Kinetics Portfolios Trust, with a portfolio allocation typically comprising common stocks (approximately 54-59%), unit investment trusts (21-24%), cash and cash equivalents (17-25%), warrants (0.1%), and preferred stocks (0-0.1%); top sectors include finance and insurance (35-40%), mining, quarrying, and oil and gas extraction (22-24%), and management of companies and enterprises (8-9%), while key geographic exposures encompass the United States (55-60%), Canada (11-14%), Greece (3-4%), Japan (3-4%), and Sweden (3%). Launched on December 31, 1999, with no-load (WWWEX), Advisor A (KGLAX), and Advisor C (KGLCX) share classes, the fund is managed by Horizon Kinetics Asset Management LLC, a majority employee-owned, SEC-registered investment adviser established in 1994 with approximately $10.8 billion in assets under management as of March 31, 2025, headquartered in New York City and White Plains, New York; portfolio managers include Murray Stahl, Chief Investment Officer with 47 years of experience since 2011, and Steven Tuen, CFA, Co-Portfolio Manager with 36 years of experience since 2003. Notable historical changes include a name and mandate shift on March 11, 2008, from the Internet Emerging Growth Fund to the current Global Fund focus; in April 2019, predecessor adviser Kinetics Asset Management LLC reorganized into Horizon Kinetics Asset Management LLC without altering the fund's investment objective, strategy, or portfolio managers. The fund maintains a low turnover ratio of 6%, 71 positions, total net assets of about $63.5-$67.5 million, a net expense ratio of 1.39% for the no-load class, and a 2% redemption fee for shares sold within 30 days; it targets individual and institutional investors seeking global aggressive allocation exposure through broker-dealers available in the United States.