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Trending ETFs

Name

As of 12/05/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$14.96

$570 M

1.05%

$0.16

1.04%

Vitals

YTD Return

10.2%

1 yr return

9.8%

3 Yr Avg Return

4.3%

5 Yr Avg Return

8.6%

Net Assets

$570 M

Holdings in Top 10

38.3%

52 WEEK LOW AND HIGH

$15.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.04%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 56.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 12/05/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$14.96

$570 M

1.05%

$0.16

1.04%

KGIIX - Profile

Distributions

  • YTD Total Return 10.2%
  • 3 Yr Annualized Total Return 4.3%
  • 5 Yr Annualized Total Return 8.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.83%
DIVIDENDS
  • Dividend Yield 1.1%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    KOPERNIK INTERNATIONAL FUND
  • Fund Family Name
    Kopernik
  • Inception Date
    Jun 30, 2015
  • Shares Outstanding
    40566791
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Mark McKinney

Fund Description

The Fund, under normal market conditions, will invest primarily in equity securities of companies located throughout the world. The equity securities in which the Fund plans to invest include common and preferred stock, convertible securities, depositary receipts, and private placements. The Fund generally follows a multi-capitalization approach that focuses on mid- to large-capitalization companies, but the Fund may also invest in small capitalization companies. The Fund may invest significantly in securities of issuers located in emerging or frontier markets, which the Adviser defines as countries other than those classified as developed by MSCI. No more than 35% of the Fund’s net assets may be invested in securities of companies located in a single country. As a result of the Adviser’s investment strategy, a large portion of the portfolio may be invested in a particular country or region. The Fund may invest up to 15% of its net assets in U.S. domiciled businesses that have significant business activities outside the United States, as determined by the Adviser.

In pursuing the Fund’s investment objective, the Adviser seeks to achieve its investment objective through an active, research-driven, fundamentals-based, value-oriented investment process. The Adviser adheres to disciplined, value-driven investment strategies that emphasize securities chosen through in-depth research and follows those securities over time to assess whether they continue to meet the purchase rationale.

The Adviser selects equity securities through bottom-up fundamental research. The Adviser’s research analysts continually evaluate companies within their defined investable universe based upon a variety of both qualitative and quantitative criteria. Quantitative measures include price-to-earnings, price-to-book value, price-to-sales, price-to-net present value, price-to-free cash flow, sustainable dividend yield and price-to-liquidation/replacement value. The qualitative analysis assists the research team in producing an understanding of franchise quality, management strength, corporate strategy, barriers-to-entry, shareholder value orientation, operating and industry fundamentals and competitive advantage. The research-driven investment process seeks to add value through active management and by selecting securities of companies that, in the Adviser’s opinion, are misperceived and undervalued by the market. The Adviser makes use of convertible securities on an opportunistic basis as an alternative to the underlying equity in addition to also considering securities across a company’s capital structure, including debt.

The Adviser may sell a security when the Adviser believes that it has found a better alternative, the security’s fundamentals have deteriorated, or the security’s value has appreciated and approached the Adviser’s estimated intrinsic value. When the Adviser believes that market conditions are unfavorable to its style of investing, or is otherwise unable to locate attractive investment opportunities, the Fund may hold a higher level of cash or money market instruments. Due to a larger percentage of such holdings, the Fund may not participate in market advances or declines to the same extent that it would if the Fund remained more fully invested in equity securities.

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KGIIX - Performance

Return Ranking - Trailing

Period KGIIX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.2% 1.7% 25.0% 69.07%
1 Yr 9.8% 0.4% 25.7% 74.77%
3 Yr 4.3%* -3.1% 78.8% 48.29%
5 Yr 8.6%* 0.4% 46.0% 3.36%
10 Yr N/A* -1.1% 21.8% N/A

* Annualized

Return Ranking - Calendar

Period KGIIX Return Category Return Low Category Return High Rank in Category (%)
2022 -16.1% -27.8% 166.1% 81.96%
2021 10.2% -66.6% 64.4% 22.05%
2020 15.6% -23.1% 17.3% 0.97%
2019 13.5% 4.4% 31.6% 65.00%
2018 -7.4% -34.3% -7.4% 0.35%

Total Return Ranking - Trailing

Period KGIIX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.2% 1.7% 25.0% 69.07%
1 Yr 9.8% 0.4% 25.7% 74.77%
3 Yr 4.3%* -3.1% 78.8% 48.29%
5 Yr 8.6%* 0.4% 46.0% 3.36%
10 Yr N/A* -1.1% 21.8% N/A

* Annualized

Total Return Ranking - Calendar

Period KGIIX Return Category Return Low Category Return High Rank in Category (%)
2022 -14.1% -19.9% 344.3% 84.71%
2021 16.6% -0.2% 75.3% 11.49%
2020 18.9% -20.4% 19.4% 0.65%
2019 16.4% 11.2% 32.1% 73.67%
2018 -6.2% -29.9% -5.3% 0.70%

NAV & Total Return History


KGIIX - Holdings

Concentration Analysis

KGIIX Category Low Category High KGIIX % Rank
Net Assets 570 M 1.9 M 44.7 B 42.56%
Number of Holdings 80 2 3900 60.12%
Net Assets in Top 10 221 M 535 K 13.7 B 38.39%
Weighting of Top 10 38.32% 0.2% 100.0% 8.66%

Top 10 Holdings

  1. TREASURY BILL 0.000000% 09/14/2023 10.33%
  2. NEWCREST MINING LTD COMMON STOCK 5.14%
  3. TREASURY BILL 0.000000% 08/24/2023 4.24%
  4. WHEATON PRECIOUS METALS CORP COMMON STOCK 3.35%
  5. LG UPLUS CORP COMMON STOCK 2.85%
  6. KT CORP COMMON STOCK 2.84%
  7. GOLDEN AGRI-RESOURCES LTD COMMON STOCK 2.71%
  8. BARRICK GOLD CORP COMMON STOCK 2.64%
  9. NAC KAZATOMPROM JSC-GDR REGS DEPOSITARY RECEIPT 2.13%
  10. CGN POWER CO LTD-H COMMON STOCK 2.08%

Asset Allocation

Weighting Return Low Return High KGIIX % Rank
Stocks
78.66% 0.00% 102.76% 97.02%
Bonds
14.57% 0.00% 79.53% 1.49%
Cash
3.08% 0.00% 99.01% 34.52%
Preferred Stocks
2.80% 0.00% 5.76% 5.65%
Other
0.89% -1.13% 38.51% 17.86%
Convertible Bonds
0.00% 0.00% 0.15% 58.33%

Stock Sector Breakdown

Weighting Return Low Return High KGIIX % Rank
Basic Materials
30.76% 0.00% 30.76% 0.60%
Energy
16.84% 0.00% 26.59% 2.10%
Communication Services
14.25% 0.00% 22.75% 4.20%
Industrials
10.35% 1.03% 36.79% 78.98%
Utilities
7.07% 0.00% 27.46% 14.71%
Consumer Defense
6.49% 0.00% 31.84% 61.86%
Consumer Cyclical
5.52% 0.00% 27.46% 83.18%
Financial Services
3.36% 0.00% 42.76% 97.60%
Healthcare
2.61% 0.00% 23.28% 98.20%
Technology
1.78% 0.00% 24.16% 85.89%
Real Estate
0.96% 0.00% 17.64% 64.86%

Stock Geographic Breakdown

Weighting Return Low Return High KGIIX % Rank
Non US
56.49% 0.00% 99.39% 94.35%
US
22.17% 0.00% 99.97% 6.85%

Bond Sector Breakdown

Weighting Return Low Return High KGIIX % Rank
Government
52.38% 0.00% 93.56% 3.12%
Corporate
4.02% 0.00% 91.99% 3.74%
Cash & Equivalents
1.85% 0.00% 100.00% 44.94%
Derivative
0.89% -1.13% 22.78% 5.36%
Securitized
0.00% 0.00% 20.93% 57.63%
Municipal
0.00% 0.00% 0.00% 57.63%

Bond Geographic Breakdown

Weighting Return Low Return High KGIIX % Rank
US
14.57% 0.00% 75.01% 1.49%
Non US
0.00% 0.00% 4.52% 58.33%

KGIIX - Expenses

Operational Fees

KGIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.04% 0.01% 20.46% 50.00%
Management Fee 0.90% 0.00% 1.25% 90.75%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.47% N/A

Sales Fees

KGIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

KGIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

KGIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 56.00% 2.00% 158.16% 64.01%

KGIIX - Distributions

Dividend Yield Analysis

KGIIX Category Low Category High KGIIX % Rank
Dividend Yield 1.05% 0.00% 11.22% 77.38%

Dividend Distribution Analysis

KGIIX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual Quarterly Annual

Net Income Ratio Analysis

KGIIX Category Low Category High KGIIX % Rank
Net Income Ratio 0.83% 0.18% 7.85% 96.01%

Capital Gain Distribution Analysis

KGIIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

KGIIX - Fund Manager Analysis

Managers

Mark McKinney


Start Date

Tenure

Tenure Rank

Jun 30, 2015

6.92

6.9%

Mark McKinney is a principal at Kopernik Global Investors. He is an analyst covering the communications services, technology and media sectors, and co-portfolio manager of the Kopernik International strategy. Previously, Mark was a portfolio manager and analyst at Vinik Asset Management. Prior to that he was the owner and manager of a transportation and warehousing company. Mark founded and had senior managerial roles in two successful private equity/venture capital-backed businesses, one of which, Prime Advantage, focused on volume purchasing of materials and services for US-based manufacturers and the other, United Road Services, a consolidator of regional auto hauling trucking companies. Mark also spent four years managing the Berger Growth and Income Fund at the Berger Funds in Denver, and four years as a portfolio manager and equity analyst at Farmers Insurance Group. Mark earned his Bachelor of Science from the University of California at Los Angeles in economics. He received his MBA from the University of Southern California Marshall School of Business. Mark has received the Chartered Financial Analyst designation

David Iben


Start Date

Tenure

Tenure Rank

Jun 30, 2015

6.92

6.9%

David Iben is Founder, Managing Member, CIO and Lead Portfolio Manager of Kopernik Global Investors, LLC. Prior to, he was a director and head of the Global Value team at Vinik Asset Management. Before Vinik, he was Co-Founder, CIO, Co-President and Lead Portfolio Manager of Tradewinds Global Investors where he was recognized by nationally known publications from Bloomberg and won several awards by nationally known rating agencies such as Lipper. In addition, over his 32 year career he oversaw portfolio/research functions at Nuveen NWQ, Palladian Capital, Cramblit & Carney, and Farmers Group.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.2 29.68 7.62 0.54