KGIRX — Kopernik International Fund

KGIRX Fund Overview

KGIRX — Kopernik International Fund is a US mutual fund managed by Advisors' Inner Circle Fund II, categorised as Alternative. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Advisors' Inner Circle Fund II
• Category: Alternative
• Assets under management: $967.36M
• Ticker: KGIRX
• SEC CIK: 0000890540
• SEC series ID: S000049911
• Share class ID: C000157592

KGIRX Investment Objective and Strategy

Kopernik International Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Advisors' Inner Circle Fund II.

Investment objective

The Kopernik International Fund (the Fund or the International Fund) seeks long-term growth of capital.

Principal investment strategy

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, real estate investment trust (REIT) equity securities, 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. Investments in issuers located in emerging or frontier markets, which the Adviser defines as countries other than those classified as developed by MSCI, may comprise up to 50% of the Funds net assets. No more than 35% of the Funds net assets may be invested in securities of companies located in a single country.

As a result of the Advisers 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 Funds 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 Advisers 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 Advisers 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 companys capital structure, including debt. The Adviser may sell a security when the Adviser believes that it has found a better alternative, the securitys fundamentals have deteriorated, or the securitys value has appreciated and approached the Advisers estimated intrinsic value.

KGIRX Holdings

Top 10 holdings of Kopernik International Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all KGIRX holdings

KGIRX Portfolio Allocation

Asset-class allocation of Kopernik International Fund by percentage of net assets, from the latest SEC N-PORT filing.

KGIRX Performance

Total returns for KGIRX (as of 2026-10-01), from SEC filings.

KGIRX Risk Information

Risk metrics for KGIRX, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 17.1%

KGIRX Costs and Fees

KGIRX costs about $127 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.27%
• Gross expense ratio: 1.27%
• Portfolio turnover: 53%
• Brokerage commissions: 10.34 bps of average net assets (SEC N-CEN)

KGIRX Cashflows

Over the 12 months to 2026-07, Kopernik International Fund had net inflows of $302.38M, from monthly SEC N-PORT filings.

KGIRX Debt Constituents

No individual debt constituents are reported in Kopernik International Fund's latest SEC N-PORT filing.

KGIRX Prospectus and SEC Filings

Official Kopernik International Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2026-02-27
• Prospectus (485BPOS) — filed 2025-02-28
• Prospectus (485BPOS) — filed 2024-02-28
• Portfolio holdings (N-PORT) — filed 2026-09-28
• Portfolio holdings (N-PORT) — filed 2026-06-29
• Portfolio holdings (N-PORT) — filed 2026-04-01
• Annual census (N-CEN) — filed 2026-01-13
• Annual census (N-CEN) — filed 2025-01-13

Related Funds

Other Alternative funds tracked on ABC INVEST:

• iShares 0-3 Month Treasury Bond ETF (SGOV)
• Vanguard Short-Term Inflation-Protected Securities Index Fund (VTAPX)
• SPDR® Bloomberg Barclays 1-3 Month T-Bill ETF (BIL)
• Vanguard Inflation-Protected Securities Fund (VIPSX)
• iShares 0-1 Year Treasury Bond ETF (SHV)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.