Kinetics Market Opportunities Fund Class Institutional 

This fund operates as a non-diversified vehicle, meaning it can concentrate its investments. It exclusively allocates all of its capital to the Market Opportunities Portfolio, which is a distinct series within the Kinetics Portfolios Trust. The Market Opportunities Portfolio typically commits at least 65% of its net assets to various equity and equity-linked securities, such as common stocks, convertible securities, and warrants. These investments primarily target both domestic and international companies engaged in capital markets activities or related financial services, as well as businesses within the gaming industry.