******************************* FORM N-Px REPORT ******************************* ICA File Number: 811-09303 Reporting Period: 07/01/2019 - 06/30/2020 Kinetics Mutual Funds, Inc. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM N-PX ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-09303 Kinetics Mutual Funds, Inc. [Exact Name of Registration] 470 Park Avenue South, New York, NY, 10016 [Address of Principal Executive office] Jay Kesslen 470 Park Avenue South New York, NY, 10016 [Name and Address of Agent for Service] Registrant's telephone number, including area code: 1-646-495-7333 Date of fiscal year end: 12/31 Date of reporting period: July 1, 2019 to June 30, 2020 Item 1. Proxy Voting Record. Eight of the nine funds of Kinetics Mutual Funds, Inc. are feeder funds That hold shares in the master portfolios of Kinetics Portfolios Trust (the "Trust"): The Internet Fund, The Global Fund, The Paradigm Fund, The Medical Fund, The Small Cap Opportunities Fund, The Market Opportunities Fund, The Alternative Income Fund and The Multi-Disciplinary Income Fund. For the voting record of the Trust's master portfolios, please see Form N-PX filed on Edgar on August 10, 2020 by Kinetics Portfolios Trust, CIK # 0001113229. Please see below for the voting records of The Kinetics Spin-off and Corporate Restructuring Fund. =============== Kinetics Spin-Off & Corporate Restructuring Fund =============== ASSOCIATED CAPITAL GROUP, INC. Ticker: AC Security ID: 045528106 Meeting Date: MAY 05, 2020 Meeting Type: Annual Record Date: MAR 23, 2020 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Mario J. Gabelli For For Management 1.2 Elect Director Marc Gabelli For For Management 1.3 Elect Director Douglas R. Jamieson For For Management 1.4 Elect Director Daniel R. Lee For For Management 1.5 Elect Director Bruce M. Lisman For For Management 1.6 Elect Director Frederic V. Salerno For For Management 1.7 Elect Director Salvatore F. Sodano For For Management 1.8 Elect Director Elisa M. Wilson For For Management 2 Ratify Deloitte & Touche LLP as For For Management Auditors 3 Advisory Vote to Ratify Named For For Management Executive Officers' Compensation -------------------------------------------------------------------------------- AVANOS MEDICAL, INC. Ticker: AVNS Security ID: 05350V106 Meeting Date: APR 30, 2020 Meeting Type: Annual Record Date: MAR 02, 2020 # Proposal Mgt Rec Vote Cast Sponsor 1a Elect Director Heidi Kuntz For For Management 1b Elect Director Joseph F. Woody For For Management 2 Ratify Deloitte & Touche LLP as For For Management Auditors 3 Advisory Vote to Ratify Named For For Management Executive Officers' Compensation 4 Declassify the Board of Directors For For Management -------------------------------------------------------------------------------- CABLE ONE, INC. Ticker: CABO Security ID: 12685J105 Meeting Date: MAY 15, 2020 Meeting Type: Annual Record Date: MAR 30, 2020 # Proposal Mgt Rec Vote Cast Sponsor 1a Elect Director Mary E. Meduski For For Management 1b Elect Director Alan G. Spoon For For Management 1c Elect Director Wallace R. Weitz For Against Management 2 Ratify PricewaterhouseCoopers LLP as For For Management Auditors 3 Advisory Vote to Ratify Named For For Management Executive Officers' Compensation 4 Declassify the Board of Directors For For Management -------------------------------------------------------------------------------- CAPITAL SOUTHWEST CORPORATION Ticker: CSWC Security ID: 140501107 Meeting Date: JUL 31, 2019 Meeting Type: Annual Record Date: JUN 03, 2019 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Christine S. Battist For For Management 1.2 Elect Director David R. Brooks For For Management 1.3 Elect Director Bowen S. Diehl For For Management 1.4 Elect Director Jack D. Furst For For Management 1.5 Elect Director T. Duane Morgan For For Management 1.6 Elect Director William R. Thomas, III For For Management 2 Reduce Supermajority Vote Requirement For For Management for Amendments to the Charter 3 Reduce Supermajority Vote Requirement For For Management for Approval of Sale or Merger of the Company 4 Reduce Supermajority Vote Requirement For For Management for Removal of Directors for "Cause" 5 Increase Authorized Common Stock For For Management 6 Advisory Vote to Ratify Named For For Management Executive Officers' Compensation 7 Ratify RSM US LLP as Auditors For For Management -------------------------------------------------------------------------------- CIVEO CORPORATION Ticker: CVEO Security ID: 17878Y108 Meeting Date: JUN 09, 2020 Meeting Type: Annual Record Date: MAR 25, 2020 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Bradley J. Dodson For For Management 1.2 Elect Director Timothy O. Wall For For Management 2 Approve Ernst & Young LLP as Auditors For For Management and Authorize Board to Fix Their Remuneration 3 Advisory Vote to Ratify Named For For Management Executive Officers' Compensation 4 Amend Omnibus Stock Plan For For Management 5 Approve Reverse Share Split For For Management -------------------------------------------------------------------------------- CRIMSON WINE GROUP, LTD. Ticker: CWGL Security ID: 22662X100 Meeting Date: JUL 26, 2019 Meeting Type: Annual Record Date: MAY 28, 2019 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director John D. Cumming For For Management 1.2 Elect Director Joseph S. Steinberg For For Management 1.3 Elect Director Avraham M. Neikrug For For Management 1.4 Elect Director Douglas M. Carlson For For Management 1.5 Elect Director Craig D. Williams For Withhold Management 1.6 Elect Director Colby A. Rollins For For Management 1.7 Elect Director Luanne D. Tierney For For Management 2 Ratify BPM LLP as Auditor For For Management 3 Advisory Vote to Ratify Named For For Management Executive Officers' Compensation 4 Advisory Vote on Say on Pay Frequency Two Years One Year Management -------------------------------------------------------------------------------- CSW INDUSTRIALS, INC. Ticker: CSWI Security ID: 126402106 Meeting Date: AUG 13, 2019 Meeting Type: Annual Record Date: JUN 19, 2019 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Joseph B. Armes For For Management 1.2 Elect Director Michael R. Gambrell For For Management 1.3 Elect Director Terry L. Johnston For For Management 1.4 Elect Director Robert M. Swartz For For Management 1.5 Elect Director J. Kent Sweezey For For Management 2 Advisory Vote to Ratify Named For For Management Executive Officers' Compensation 3 Ratify Grant Thornton LLP as Auditors For For Management -------------------------------------------------------------------------------- DREAM UNLIMITED CORP. Ticker: DRM Security ID: 26153M200 Meeting Date: JUN 30, 2020 Meeting Type: Annual/Special Record Date: MAY 21, 2020 # Proposal Mgt Rec Vote Cast Sponsor 1A Elect Director Michael J. Cooper For For Management 1B Elect Director James Eaton For For Management 1C Elect Director Joanne Ferstman For For Management 1D Elect Director Richard N. Gateman For For Management 1E Elect Director P. Jane Gavan For For Management 1F Elect Director Duncan Jackman For Withhold Management 1G Elect Director Jennifer Lee Koss For For Management 1H Elect Director Vincenza Sera For For Management 2 Approve PricewaterhouseCoopers LLP as For For Management Auditors and Authorize Board to Fix Their Remuneration 3 Approve Share Consolidation For For Management -------------------------------------------------------------------------------- GALAXY DIGITAL HOLDINGS LTD. Ticker: GLXY Security ID: G37092106 Meeting Date: JUN 25, 2020 Meeting Type: Annual Record Date: MAY 22, 2020 # Proposal Mgt Rec Vote Cast Sponsor 1a Elect Director Michael Novogratz For For Management 1b Elect Director Theagenis Iliadis For For Management 1c Elect Director Nereida Flannery For For Management 1d Elect Director Bill Koutsouras For For Management 1e Elect Director Dominic Docherty For For Management 2 Approve Davidson & Company LLP as For For Management Auditors and Authorize Board to Fix Their Remuneration 3.1 For the Purpose of Determining the None Abstain Management Aggregate Number of Votes that U.S. holders are Entitled to Cast, the Undersigned Certifies That It is Not a U.S. Resident. Vote FOR = Yes and ABSTAIN = No. A Vote Against will be treated as not voted. 3.2 The Undersigned Certifies That to the None Abstain Management Extent That It Holds Shares of the Company for the Account or Benefit of Any Other Person, Such Person is Not a U.S. Resident. Vote FOR = Yes and ABSTAIN = No. A Vote Against will be treated as not voted. -------------------------------------------------------------------------------- GAMCO INVESTORS, INC. Ticker: GBL Security ID: 361438104 Meeting Date: JUN 05, 2020 Meeting Type: Annual Record Date: APR 21, 2020 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Edwin L. Artzt For For Management 1.2 Elect Director Raymond C. Avansino, Jr. For Withhold Management 1.3 Elect Director Leslie B. Daniels For For Management 1.4 Elect Director Mario J. Gabelli For Withhold Management 1.5 Elect Director Eugene R. McGrath For For Management 1.6 Elect Director Robert S. Prather, Jr. For For Management 1.7 Elect Director Elisa M. Wilson For Withhold Management 2 Ratify Deloitte & Touche LLP as For For Management Auditors 3 Reduce Authorized Class B Common Stock For For Management 4 Amend Employment Agreement with Mario For Against Management J. Gabelli 5 Advisory Vote to Ratify Named For Against Management Executive Officers' Compensation -------------------------------------------------------------------------------- GANNETT CO., INC. Ticker: GCI Security ID: 36473H104 Meeting Date: NOV 14, 2019 Meeting Type: Special Record Date: SEP 26, 2019 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Merger Agreement For For Management 2 Advisory Vote on Golden Parachutes For For Management 3 Adjourn Meeting For For Management -------------------------------------------------------------------------------- GANNETT CO., INC. Ticker: GCI Security ID: 36472T109 Meeting Date: JUN 08, 2020 Meeting Type: Annual Record Date: APR 16, 2020 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Mayur Gupta For For Management 1.2 Elect Director Theodore P. Janulis For Withhold Management 1.3 Elect Director John Jeffry Louis, III For For Management 1.4 Elect Director Maria M. Miller For For Management 1.5 Elect Director Michael E. Reed For For Management 1.6 Elect Director Debra A. Sandler For For Management 1.7 Elect Director Kevin M. Sheehan For Withhold Management 1.8 Elect Director Barbara W. Wall For For Management 2 Ratify Ernst & Young LLP as Auditors For For Management 3 Advisory Vote to Ratify Named For Against Management Executive Officers' Compensation 4 Adopt Majority Voting for Uncontested For For Management Election of Directors 5A Eliminate Supermajority Vote For For Management Requirement to Amend Certain Provisions of Certificate of Incorporation 5B Eliminate Supermajority Vote For For Management Requirement to Amend Bylaws 5C Eliminate Supermajority Vote For For Management Requirement to Remove and Appoint Directors 6 Prepare an Annual "Journalism Report" None For Shareholder -------------------------------------------------------------------------------- GRAHAM HOLDINGS COMPANY Ticker: GHC Security ID: 384637104 Meeting Date: MAY 07, 2020 Meeting Type: Annual Record Date: MAR 18, 2020 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Christopher C. Davis For For Management 1.2 Elect Director Anne M. Mulcahy For For Management 1.3 Elect Director Larry D. Thompson For For Management -------------------------------------------------------------------------------- LIBERTY BROADBAND CORPORATION Ticker: LBRDK Security ID: 530307107 Meeting Date: MAY 19, 2020 Meeting Type: Annual Record Date: MAR 31, 2020 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director John C. Malone For Withhold Management 1.2 Elect Director John E. Welsh, III For Withhold Management 2 Ratify KPMG LLP as Auditors For For Management -------------------------------------------------------------------------------- LIBERTY MEDIA CORPORATION Ticker: FWONA Security ID: 531229870 Meeting Date: MAY 21, 2020 Meeting Type: Annual Record Date: MAR 31, 2020 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Evan D. Malone For For Management 1.2 Elect Director David E. Rapley For Withhold Management 1.3 Elect Director Larry E. Romrell For Withhold Management 2 Ratify KPMG LLP as Auditors For For Management -------------------------------------------------------------------------------- MASCO CORPORATION Ticker: MAS Security ID: 574599106 Meeting Date: MAY 12, 2020 Meeting Type: Annual Record Date: MAR 16, 2020 # Proposal Mgt Rec Vote Cast Sponsor 1a Elect Director Keith J. Allman For For Management 1b Elect Director J. Michael Losh For For Management 1c Elect Director Christopher A. O'Herlihy For For Management 1d Elect Director Charles K. Stevens, III For For Management 2 Advisory Vote to Ratify Named For For Management Executive Officers' Compensation 3 Ratify PricewaterhouseCoopers LLP as For For Management Auditors -------------------------------------------------------------------------------- NEW MEDIA INVESTMENT GROUP INC. Ticker: NEWM Security ID: 64704V106 Meeting Date: NOV 14, 2019 Meeting Type: Special Record Date: SEP 26, 2019 # Proposal Mgt Rec Vote Cast Sponsor 1 Issue Shares in Connection with Merger For For Management 2 Adjourn Meeting For For Management -------------------------------------------------------------------------------- PAYPAL HOLDINGS, INC. Ticker: PYPL Security ID: 70450Y103 Meeting Date: MAY 21, 2020 Meeting Type: Annual Record Date: MAR 27, 2020 # Proposal Mgt Rec Vote Cast Sponsor 1a Elect Director Rodney C. Adkins For For Management 1b Elect Director Jonathan Christodoro For For Management 1c Elect Director John J. Donahoe For For Management 1d Elect Director David W. Dorman For For Management 1e Elect Director Belinda J. Johnson For For Management 1f Elect Director Gail J. McGovern For For Management 1g Elect Director Deborah M. Messemer For For Management 1h Elect Director David M. Moffett For For Management 1i Elect Director Ann M. Sarnoff For For Management 1j Elect Director Daniel H. Schulman For For Management 1k Elect Director Frank D. Yeary For For Management 2 Advisory Vote to Ratify Named For For Management Executive Officers' Compensation 3 Ratify PricewaterhouseCoopers LLP as For For Management Auditors 4 Provide Right to Act by Written Consent Against For Shareholder 5 Adopt Human and Indigenous People's Against Against Shareholder Rights Policy -------------------------------------------------------------------------------- PRAIRIESKY ROYALTY LTD. Ticker: PSK Security ID: 739721108 Meeting Date: APR 21, 2020 Meeting Type: Annual Record Date: MAR 03, 2020 # Proposal Mgt Rec Vote Cast Sponsor 1a Elect Director James M. Estey For For Management 1b Elect Director P. Jane Gavan For For Management 1c Elect Director Margaret A. McKenzie For For Management 1d Elect Director Andrew M. Phillips For For Management 1e Elect Director Robert Robotti For For Management 1f Elect Director Myron M. Stadnyk For For Management 1g Elect Director Sheldon B. Steeves For For Management 1h Elect Director Grant A. Zawalsky For For Management 2 Approve KPMG LLP as Auditors and For For Management Authorize Board to Fix Their Remuneration 3 Advisory Vote on Executive For For Management Compensation Approach -------------------------------------------------------------------------------- PRESTIGE CONSUMER HEALTHCARE INC. Ticker: PBH Security ID: 74112D101 Meeting Date: JUL 30, 2019 Meeting Type: Annual Record Date: JUN 13, 2019 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Ronald M. Lombardi For For Management 1.2 Elect Director John E. Byom For For Management 1.3 Elect Director Gary E. Costley For For Management 1.4 Elect Director Sheila A. Hopkins For For Management 1.5 Elect Director James M. Jenness For For Management 1.6 Elect Director Natale S. Ricciardi For For Management 1.7 Elect Director Christopher J. Coughlin For For Management 2 Ratify PricewaterhouseCoopers LLP as For For Management Auditors 3 Advisory Vote to Ratify Named For For Management Executive Officers' Compensation -------------------------------------------------------------------------------- RAFAEL HOLDINGS, INC. Ticker: RFL Security ID: 75062E106 Meeting Date: JAN 15, 2020 Meeting Type: Annual Record Date: NOV 19, 2019 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Stephen M. Greenberg For Against Management 1.2 Elect Director Howard S. Jonas For Against Management 1.3 Elect Director Boris C. Pasche For Against Management 1.4 Elect Director Michael J. Weiss For Against Management 2 Ratify CohnReznick LLP as Auditors For For Management -------------------------------------------------------------------------------- RAYONIER ADVANCED MATERIALS INC. Ticker: RYAM Security ID: 75508B104 Meeting Date: MAY 18, 2020 Meeting Type: Annual Record Date: MAR 20, 2020 # Proposal Mgt Rec Vote Cast Sponsor 1a Elect Director De Lyle W. Bloomquist For For Management 1b Elect Director Paul G. Boynton For For Management 1c Elect Director David C. Mariano For For Management 2 Declassify the Board of Directors For For Management 3 Eliminate Supermajority Vote For For Management Requirement 4 Advisory Vote to Ratify Named For For Management Executive Officers' Compensation 5 Ratify Grant Thornton LLP as Auditor For For Management -------------------------------------------------------------------------------- TEGNA, INC. Ticker: TGNA Security ID: 87901J105 Meeting Date: APR 30, 2020 Meeting Type: Proxy Contest Record Date: MAR 20, 2020 # Proposal Mgt Rec Vote Cast Sponsor Management Proxy (Gold Proxy Card) None 1.1 Elect Director Gina L. Bianchini For Did Not Vote Management 1.2 Elect Director Howard D. Elias For Did Not Vote Management 1.3 Elect Director Stuart J. Epstein For Did Not Vote Management 1.4 Elect Director Lidia Fonseca For Did Not Vote Management 1.5 Elect Director Karen H. Grimes For Did Not Vote Management 1.6 Elect Director David T. Lougee For Did Not Vote Management 1.7 Elect Director Scott K. McCune For Did Not Vote Management 1.8 Elect Director Henry W. McGee For Did Not Vote Management 1.9 Elect Director Susan Ness For Did Not Vote Management 1.10 Elect Director Bruce P. Nolop For Did Not Vote Management 1.11 Elect Director Neal Shapiro For Did Not Vote Management 1.12 Elect Director Melinda C. Witmer For Did Not Vote Management 2 Ratify PricewaterhouseCoopers LLP as For Did Not Vote Management Auditors 3 Advisory Vote to Ratify Named For Did Not Vote Management Executive Officers' Compensation 4 Approve Omnibus Stock Plan For Did Not Vote Management # Proposal Diss Rec Vote Cast Sponsor Dissident Proxy (White Proxy Card) None 1.1 Elect Director Soohyung Kim For Withhold Shareholder 1.2 Elect Director Colleen B. Brown For For Shareholder 1.3 Elect Director Ellen McClain Haime For Withhold Shareholder 1.4 Elect Director Deborah McDermott For Withhold Shareholder 1.5 Management Nominee Gina L. Bianchini For For Shareholder 1.6 Management Nominee Stuart J. Epstein For For Shareholder 1.7 Management Nominee Lidia Fonseca For For Shareholder 1.8 Management Nominee Karen H. Grimes For For Shareholder 1.9 Management Nominee David T. Lougee For For Shareholder 1.10 Management Nominee Henry W. McGee For For Shareholder 1.11 Management Nominee Susan Ness For For Shareholder 1.12 Management Nominee Melinda C. Witmer For For Shareholder 2 Ratify PricewaterhouseCoopers LLP as For For Management Auditors 3 Advisory Vote to Ratify Named Against For Management Executive Officers' Compensation 4 Approve Omnibus Stock Plan Against For Management -------------------------------------------------------------------------------- THE E.W. SCRIPPS COMPANY Ticker: SSP Security ID: 811054402 Meeting Date: MAY 04, 2020 Meeting Type: Annual Record Date: MAR 06, 2020 # Proposal Mgt Rec Vote Cast Sponsor 1a Elect Director Lauren Rich Fine For For Management 1b Elect Director Wonya Y. Lucas For For Management 1c Elect Director Kim Williams For For Management -------------------------------------------------------------------------------- THE HOWARD HUGHES CORPORATION Ticker: HHC Security ID: 44267D107 Meeting Date: MAY 14, 2020 Meeting Type: Annual Record Date: MAR 18, 2020 # Proposal Mgt Rec Vote Cast Sponsor 1a Elect Director William A. Ackman For For Management 1b Elect Director Adam Flatto For For Management 1c Elect Director Jeffrey Furber For For Management 1d Elect Director Beth Kaplan For For Management 1e Elect Director Paul Layne For For Management 1f Elect Director Allen Model For For Management 1g Elect Director R. Scot Sellers For For Management 1h Elect Director Steven Shepsman For For Management 1i Elect Director Mary Ann Tighe For For Management 2 Advisory Vote to Ratify Named For For Management Executive Officers' Compensation 3 Approve Omnibus Stock Plan For For Management 4 Ratify Ernst & Young LLP as Auditors For For Management -------------------------------------------------------------------------------- THE MANITOWOC COMPANY, INC. Ticker: MTW Security ID: 563571405 Meeting Date: MAY 05, 2020 Meeting Type: Annual Record Date: MAR 04, 2020 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Roy V. Armes For For Management 1.2 Elect Director Anne E. Belec For For Management 1.3 Elect Director Robert G. Bohn For For Management 1.4 Elect Director Donald M. Condon, Jr. For For Management 1.5 Elect Director Anne M. Cooney For For Management 1.6 Elect Director Kenneth W. Krueger For For Management 1.7 Elect Director C. David Myers For For Management 1.8 Elect Director Barry L. Pennypacker For For Management 1.9 Elect Director John C. Pfeifer For For Management 2 Ratify PricewaterhouseCoopers LLP as For For Management Auditors 3 Advisory Vote to Ratify Named For For Management Executive Officers' Compensation -------------------------------------------------------------------------------- VISTA OUTDOOR INC. Ticker: VSTO Security ID: 928377100 Meeting Date: AUG 06, 2019 Meeting Type: Annual Record Date: JUN 11, 2019 # Proposal Mgt Rec Vote Cast Sponsor 1a Elect Director April H. Foley For For Management 1b Elect Director Tig H. Krekel For For Management 1c Elect Director Michael D. Robinson For For Management 2 Advisory Vote to Ratify Named For Against Management Executive Officers' Compensation 3 Ratify Deloitte & Touche LLP as For For Management Auditors 4 Amend Omnibus Stock Plan For For Management -------------------------------------------------------------------------------- WELBILT, INC. Ticker: WBT Security ID: 949090104 Meeting Date: APR 24, 2020 Meeting Type: Annual Record Date: FEB 28, 2020 # Proposal Mgt Rec Vote Cast Sponsor 1a Elect Director Cynthia M. Egnotovich For For Management 1b Elect Director Dino J. Bianco For For Management 1c Elect Director Joan K. Chow For For Management 1d Elect Director Janice L. Fields For For Management 1e Elect Director Brian R. Gamache For For Management 1f Elect Director Andrew Langham For For Management 1g Elect Director William C. Johnson For For Management 2 Advisory Vote to Ratify Named For For Management Executive Officers' Compensation 3 Ratify PricewaterhouseCoopers LLP as For For Management Auditors -------------------------------------------------------------------------------- WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION Ticker: WAB Security ID: 929740108 Meeting Date: MAY 15, 2020 Meeting Type: Annual Record Date: MAR 17, 2020 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Rafael Santana For For Management 1.2 Elect Director Lee B. Foster, II For For Management 2 Advisory Vote to Ratify Named For For Management Executive Officers' Compensation 3 Amend Omnibus Stock Plan For For Management 4 Ratify Ernst & Young LLP as Auditors For For Management ========== END NPX REPORT SIGNATURES Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Kinetics Mutual Funds, Inc. By /s/ Peter B. Doyle 	Peter B. Doyle 	President Date: 8/5/2020