Kopernik Global All-Cap Fund Class A (KGGAX)

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The chart shows the growth of an initial investment of $10,000 in Kopernik Global All-Cap Fund Class A, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Kopernik Global All-Cap Fund Class A (KGGAX) has returned 4.60% so far this year and 50.39% over the past 12 months. Looking at the last ten years, KGGAX has achieved an annualized return of 14.28%, outperforming the S&P 500 Index benchmark, which averaged 12.16% per year.

Based on dividend-adjusted daily data since Nov 6, 2013, KGGAX's average daily return is +0.04%, while the average monthly return is +0.87%. At this rate, your 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%.

Kopernik Global All-Cap Fund Class A has an annualized alpha of 5.38%, beta of 0.41, and R² of 0.21 versus S&P 500 Index. Calculated based on daily prices since November 07, 2013.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (67.76%) than losses (67.02%) — typical of diversified or defensive assets.
• 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.

KGGAX has a high expense ratio of 1.26%, indicating above-average management fees.

KGGAX ranks 97 for risk / return — in the top 97% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Kopernik Global All-Cap Fund Class A (KGGAX) and compare them to a chosen benchmark (S&P 500 Index).

Kopernik Global All-Cap Fund Class A provided a 15.40% dividend yield over the last twelve months, with an annual payout of $2.52 per share.

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.

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.

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 9.46%.

The chart below shows the rolling one-month volatility.