KGGIX Fees and Costs — Kopernik Global All Cap Fund, Class I
Data updated: 2026-09-28
The net expense ratio is 1.01%: a 0.90% management fee plus 0.10% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2.6M in broker commissions, 0.1068% of average net assets, and portfolio turnover was 56%.
KGGIX Fees and Expenses
Annual operating expenses and sales charges of KGGIX. Prospectus, as of March 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.10% |
| Gross expense ratio | 1.01% |
| Fee waiver | — |
| Net expense ratio | 1.01% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
KGGIX Costs Over Time
On $10,000 invested in KGGIX, assuming 5% a year before costs, total costs come to $697 over 5 years, cutting the return by 1.17% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.01%) | $106 | $330 | $572 |
| Trading costs (broker commissions) | $11 | $35 | $61 |
| Lost growth on money paid in costs | $0 | $18 | $64 |
| Total costs | $117 | $384 | $697 |
| Value after costs | $10,383 | $11,193 | $12,066 |
| Impact on return, per year | 1.17% | 1.17% | 1.17% |
KGGIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1068%
- Total broker commissions: $2.6M
- Bought from dealers (principal trades, not a cost): $273.0M
- Portfolio turnover (prospectus): 56%
- Securities lending: none during the year
KGGIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $971K | 47.67% |
| GOLDMAN, SACHS & CO. | $229K | 11.23% |
| MACQUARIE EQUITIES (USA) INC. | $178K | 8.73% |
| CALYON/CLSA LTD. | $148K | 7.28% |
| EDGETRADE ALGO | $100K | 4.91% |
| INSTINET | $98K | 4.82% |
| J P MORGAN CHASE BANK | $81K | 4.00% |
| BMO NESBITT BURNS CORP. | $81K | 3.96% |
| RAYMOND JAMES & ASSOCIATES, INC. | $76K | 3.73% |
| RBC DAIN RAUSCHER INC. | $75K | 3.66% |
KGGIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $204.3M | 74.83% |
| CREDIT SUISSE FIRST BOSTON LLC. | $28.0M | 10.25% |
| RBC DAIN RAUSCHER INC. | $17.2M | 6.31% |
| GOLDMAN, SACHS & CO. | $13.3M | 4.89% |
| DNB NOR MARKETS | $8.7M | 3.20% |
| BMO NESBITT BURNS CORP. | $1.3M | 0.46% |
| J P MORGAN CHASE BANK | $160K | 0.06% |
Kopernik Global All Cap Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| KGGIX | Class I | 1.01% | — |
| KGGAX | Class A | 1.26% | 5.75% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.