The investment seeks total return. The fund utilizes a two-part investment strategy, which includes fixed-income components, including fixed-income ETFs, and derivatives components. It normally invests at least 65% of its net assets in fixed-income securities, derivatives and cash or cash equivalents committed as collateral for written option contracts. There is no limit on the amount of assets the fund may invest in fixed-income securities. The fund may invest up to 100% of its assets in debt securities that are rated below investment grade ("junk" bonds) and up to 5% of its total assets in defaulted junk bonds. It is non-diversified.
Fund filings (PDF) »
David Kingsley (Started: Aug 7, 2009)
Derek Devens (Started: Sep 30, 2011)
Murray Stahl (Started: Feb 11, 2008)
Peter Doyle (Started: Feb 11, 2008)
# Contact ?>
Kinetics, 615 E. Michigan Street