Kopernik

The firm's lasting product shelf is its strength. Its five-year success ratio of 100% means that 100% of its strategies have both survived and beaten their respective category median. A high success ratio indicates good performance and provides insight into a firm’s discipline around investment strategy and product development. A negative contributor to Kopernik's rating is its lower-than-average portfolio management retention over the past five years, as elevated turnover bears watching. Kopernik open-end and exchange-traded products are priced, on average, among the second most-expensive quintile of similarly distributed strategies. This higher expense profile of its funds creates a larger performance hurdle and contributes negatively to Kopernik's rating.