Having trouble finding a Mutual Fund Equity Report fund? Well, Kinetics Global Fund No Load (WWWEX Quick QuoteWWWEX - Free Report) would not be a good potential starting point right now. WWWEX holds a Zacks Mutual Fund Rank of 4 (Sell), which is based on nine forecasting factors like size, cost, and past performance.

History of Fund/Manager

Kinetics is based in Sleepy Hollow, NY, and is the manager of WWWEX. Kinetics Global Fund No Load debuted in February of 2003. Since then, WWWEX has accumulated assets of about $19.04 million, according to the most recently available information. The fund's current manager, Murray Stahl, has been in charge of the fund since February of 2003.

Performance

Obviously, what investors are looking for in these funds is strong performance relative to their peers. This fund in particular has delivered a 5-year annualized total return of 9.83%, and is in the top third among its category peers. Investors who prefer analyzing shorter time frames should look at its 3-year annualized total return of 6.09%, which places it in the top third during this time-frame.

When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Compared to the category average of 14.49%, the standard deviation of WWWEX over the past three years is 23.63%. Over the past 5 years, the standard deviation of the fund is 22.15% compared to the category average of 12.92%. This makes the fund more volatile than its peers over the past half-decade.

Risk Factors

The fund has a 5-year beta of 0.8, so investors should note that it is hypothetically less volatile than the market at large. Alpha is an additional metric to take into consideration, since it represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which in this case, is the S&P 500. The fund has produced a positive alpha over the past 5 years of 1.8, which shows that managers in this portfolio are skilled in picking securities that generate better-than-benchmark returns.

Expenses

Costs are increasingly important for mutual fund investing, and particularly as competition heats up in this market. And all things being equal, a lower cost product will outperform its otherwise identical counterpart, so taking a closer look at these metrics is key for investors. In terms of fees, WWWEX is a no load fund. It has an expense ratio of 1.39% compared to the category average of 1.11%. From a cost perspective, WWWEX is actually more expensive than its peers.

Investors need to be aware that with this product, the minimum initial investment is $2,500; each subsequent investment has no minimum amount.

Bottom Line

Overall, Kinetics Global Fund No Load ( WWWEX ) has a low Zacks Mutual Fund rank, and in conjunction with its comparatively strong performance, worse downside risk, and higher fees, this fund looks like a poor potential choice for investors right now.

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