- ISIN
- US00766Y3154
- CUSIP
- 00766Y315
- Issuer
- Kopernik
- Inception Date
- Nov 1, 2013
- Category
- Foreign Small & Mid Cap Equities
- Min. Investment
- $3,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
KGGAX Performance Chart
Kopernik Global All-Cap Fund Class A (KGGAX) is up 5.1% since the beginning of the year. KGGAX is currently trading at $16 per share. Investors who bought $1,000 worth of KGGAX shares 5 years ago would now be looking at an investment worth $1,714.
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Returns By Period
Kopernik Global All-Cap Fund Class A (KGGAX) has returned 5.12% so far this year and 29.50% over the past 12 months. Over the last ten years, KGGAX has returned 11.52% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Kopernik Global All-Cap Fund Class A
- 1D
- 1.42%
- 1M
- 3.40%
- 6M
- -3.52%
- YTD
- 5.12%
- 1Y
- 29.50%
- 3Y*
- 20.42%
- 5Y*
- 11.38%
- 10Y*
- 11.52%
- ALL TIME*
- 9.03%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
KGGAX Monthly Returns History
Based on dividend-adjusted daily data since Nov 6, 2013, KGGAX's average daily return is +0.04%, while the average monthly return is +0.86%. At this rate, an investment would double in approximately 6.7 years.
Historically, 49% of months were positive and 51% were negative. The best month was Apr 2020 with a return of +22.8%, while the worst month was Mar 2020 at -9.6%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.
On a daily basis, KGGAX closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +7.8%, while the worst single day was Mar 18, 2020 at -5.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.95% | 6.04% | -7.14% | 4.05% | -0.97% | -9.43% | 4.98% | 5.12% | |||||
| 2025 | 4.43% | 0.43% | 9.06% | 2.77% | 6.70% | 7.86% | -1.27% | 5.22% | 8.31% | 0.30% | 3.97% | 3.60% | 64.46% |
| 2024 | -2.90% | 0.88% | 2.61% | 1.36% | 1.26% | -2.81% | 4.51% | -0.90% | 3.78% | -0.55% | -1.83% | -9.50% | -4.79% |
| 2023 | 6.23% | -4.95% | 2.73% | 1.80% | -2.61% | 0.43% | 3.19% | -0.75% | 1.18% | 0.83% | 2.81% | 1.92% | 13.08% |
| 2022 | -1.64% | -3.34% | 4.88% | -3.65% | -2.00% | -9.02% | 3.41% | -1.29% | -8.16% | 2.66% | 12.11% | -1.82% | -9.24% |
| 2021 | -0.69% | 6.91% | 1.58% | 3.75% | 7.36% | -2.35% | -2.08% | -0.80% | 2.28% | 4.12% | -3.90% | -0.03% | 16.59% |
Benchmark Metrics
Kopernik Global All-Cap Fund Class A has an annualized alpha of 4.66%, beta of 0.41, and R2 of 0.21 versus S&P 500 Index. Calculated based on daily prices since November 06, 2013.
- This fund participated in 68.39% of S&P 500 Index downside but only 65.01% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.41 may look defensive, but with R2 of 0.21 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.21 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 4.66%
- Beta
- 0.41
- R²
- 0.21
- Upside Capture
- 65.01%
- Downside Capture
- 68.39%
Expense Ratio
KGGAX has a high expense ratio of 1.26%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
KGGAX ranks 61 for risk / return — above 61% of mutual funds peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Kopernik Global All-Cap Fund Class A (KGGAX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| KGGAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.25 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | 2.00 | +0.13 |
| Martin ratioReturn relative to average drawdown | 5.24 | 8.49 | -3.25 |
Dividends
Dividend History
Kopernik Global All-Cap Fund Class A provided a 15.33% dividend yield over the last twelve months, with an annual payout of $2.52 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.52 | $2.52 | $0.11 | $0.97 | $1.48 | $1.26 | $0.60 | $0.27 | $0.00 | $0.44 | $0.31 | $0.03 |
Dividend yield | 15.33% | 16.11% | 1.04% | 8.29% | 13.22% | 9.00% | 4.59% | 2.72% | 0.00% | 4.12% | 3.09% | 0.40% |
Monthly Dividends
The table displays the monthly dividend distributions for Kopernik Global All-Cap Fund Class A. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.52 | $2.52 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.11 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.97 | $0.97 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.48 | $1.48 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.26 | $1.26 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Kopernik Global All-Cap Fund Class A. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Kopernik Global All-Cap Fund Class A was 45.27%, occurring on Jan 20, 2016. Recovery took 242 trading sessions.
The current Kopernik Global All-Cap Fund Class A drawdown is 9.02%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-45.27%Jan 2016 | 1y 6mo | 11mo 20d | 2y 5moJul 2014 - Jan 2017 | — |
-31.90%Mar 2020 | 2y 1mo | 2mo 7d | 2y 4moJan 2018 - May 2020 | COVID crash2020 |
-26.59%Sep 2022 | 11mo 5d | 1y 7mo | 2y 6moOct 2021 - May 2024 | Bear market2022 |
-13.53%Dec 2024 | 2mo 8d | 2mo 17d | 4mo 25dOct 2024 - Mar 2025 | — |
-13.34%Jun 2026 | 3mo 24d | — | 5mo 3dMar 2026 - now | — |
Drawdown Indicators
| KGGAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.27% | -56.78% | +11.51% |
Max Drawdown (1Y)Largest decline over 1 year | -13.34% | -9.10% | -4.24% |
Max Drawdown (3Y)Largest decline over 3 years | -13.53% | -18.90% | +5.37% |
Max Drawdown (5Y)Largest decline over 5 years | -26.59% | -25.43% | -1.16% |
Max Drawdown (10Y)Largest decline over 10 years | -31.90% | -33.92% | +2.02% |
Current DrawdownCurrent decline from peak | -9.02% | -1.58% | -7.44% |
Average DrawdownAverage peak-to-trough decline | -9.68% | -10.70% | +1.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.41% | 2.14% | +3.27% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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