Kinetics The Global Fund

This diversified fund directs all its available capital into the Global Portfolio, an offering within the Kinetics Portfolios Trust. A primary focus of the Global Portfolio is to commit a minimum of 65% of its net assets, plus any borrowed funds for investment, to a range of equity-linked securities. These include common shares, exchange-traded funds (ETFs), convertible securities, warrants, and other instruments that possess the attributes of common stocks. These investments target both U.S. and foreign companies that are publicly traded on stock exchanges.