KGIIX Fees and Costs — Kopernik International Fund, Class I
Data updated: 2026-09-28
The net expense ratio is 1.03%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $600K in broker commissions, 0.1034% of average net assets, and portfolio turnover was 53%.
KGIIX Fees and Expenses
Annual operating expenses and sales charges of KGIIX. Prospectus, as of March 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.11% |
| Gross expense ratio | 1.03% |
| Fee waiver | — |
| Net expense ratio | 1.03% |
| 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 |
KGIIX Costs Over Time
On $10,000 invested in KGIIX, assuming 5% a year before costs, total costs come to $707 over 5 years, cutting the return by 1.19% 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 1.03%) | $108 | $337 | $584 |
| Trading costs (broker commissions) | $11 | $34 | $59 |
| Lost growth on money paid in costs | $0 | $18 | $65 |
| Total costs | $119 | $389 | $707 |
| Value after costs | $10,381 | $11,187 | $12,056 |
| Impact on return, per year | 1.19% | 1.19% | 1.19% |
KGIIX 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): 0.1034%
- Total broker commissions: $600K
- Bought from dealers (principal trades, not a cost): $161.5M
- Portfolio turnover (prospectus): 53%
- Securities lending: none during the year
KGIIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $181K | 38.71% |
| GOLDMAN, SACHS & CO. | $56K | 11.87% |
| CALYON/CLSA LTD. | $45K | 9.65% |
| MACQUARIE EQUITIES (USA) INC. | $41K | 8.71% |
| EDGETRADE ALGO | $33K | 7.11% |
| BMO NESBITT BURNS CORP. | $25K | 5.38% |
| UBS SECURITIES | $24K | 5.20% |
| RBC DAIN RAUSCHER INC. | $23K | 4.82% |
| J P MORGAN CHASE BANK | $21K | 4.42% |
| INSTINET | $19K | 4.14% |
KGIIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $161.5M | 100.00% |
Kopernik International Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| KGIIX | Class I | 1.03% | — |
| KGIRX | Investor Class | 1.27% | — |
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.