Kinetics Global No Load Fund (WWWEX)

Investing in international stocks is essential for investors who want to achieve portfolio diversification and higher return. Using international stock mutual funds, investor can achieve their goal faster than individual stock picking. One of the top rated international stock funds is Kinetics Global fund.

Kinetics Global No Load (WWWEX)

The Kinetics Global No Load fund’s objective is to provide long-term capital growth. This foreign large blend stock fund invests >65% of assets in common stocks, convertible securities, warrants and other  securities of foreign and U.S. companies around the world. It invests >40% of its net assets in companies located outside of the U.S. The fund may invest up to 20% of total assets in convertible and high yield bond.

Fund Details

Kinetics Global Fund

• Inception Date: 12/31/1999
• Ticker Symbol: WWWEX
• CUSIP: 494613805
• Beta (3yr): 0.97
• Rank in category (YTD): 4%
• Category: Foreign Large Blend
• Distribution: 0.71%
• Capital Gains: 0%
• Expense Ratio: 1.39%  
• Net Assets: $ 4.73 million
• Number of Years Up: 8 years
• Number of Years Down: 4 year
• Annual Turnover Rate: 122.00%

Updated on 3/3/2012

This foreign large blend mutual fund has received 3-stars rating from Morningstar. This international stock mutual fund has only little net assets of $4.73 million. The annual expense ratio of this fund is 1.39%. It has 0.71% dividend yield. The last dividend distributed was on December 2011 ($0.03). This fund has annual holdings turnover of 122%, which is quite high, compared to the average in the Foreign Large Blend category which is 57.06%. The portfolio management team consists of Murray Stahl and Steve Tuen.

The performance of this best mutual fund since its inception is as below:

• Year 2010: 20.04%
• Year 2009: 67.11%

The fund has 8.67% of YTD return. The fund has 1-year annualized return of -14.64% and 3-year annualized return of 22.25%. The 3-year beta of this Kinetics Global fund is 0.97.

To start investing in this top stock fund, investors simply open a brokerage account with $2.500. There is no sales load and no 12b1 fee. You can buy this mutual fund from 73 brokerages. They are JP Morgan, Pershing Fund Center, Raymond James, Ameriprise Brokerage, Fidelity Retail Funds Network, etc. Other classes of this fund are: Advisor A (KGLAX), and Advisor C (KGLCX). The KGLAX fund is rated with 5 stars rating.

Fund Composition

The top 10 holdings of this fund as of December 2011 are Forest City Enterprises Inc (4.9%), Compagnie Financiere Richemont (4.6%), LVMH Moet Hennessy Louis Vuitton (4.4%), Liberty Media Corporation – Liberty Capital (4.4%), Greenlight Capital Re Ltd (4.3%), Osaka Securities Exchange Co Ltd (4.0%), Jardine Strategic Holdings Limited (4.0%) and Wynn Resorts Limited (4.0%).

The top 5 sectors are Finance & Insurance (21.6%), Real Estate and Rental and Leasing (14.0%), Management of Companies and Enterprises (11.0%), Wholesale Trade (9.2%) and Mining, Quarrying, and Oil and Gas Extraction (8.9%).

Like any investment product, investing in this Kinetics Global fund involves risks such as Stock Market Risks, Liquidity Risk, Small and Medium-Size Company Risks, Foreign Securities Risk, Non-Diversification Risk, Option Transaction Risk, Below-Investment Grade Debt Securities Risk, Emerging Markets Risks, Derivatives Risks, Management Risk, etc.

Disclosure: No Position

Other International Stock Mutual Funds:

• Aberdeen International Equity A (GIGAX)