Heptagon Fund ICAV - Kopernik Global All-Cap Equity Fund AE EUR Acc

The Kopernik Global All-Cap Equity Fund is consistently paired with a core foundation of broad-market global equity ETFs, most notably the Vanguard Global Stock Index Fund, which typically anchors portfolios at 50 to 60 percent. Complementary holdings frequently include active funds focused on emerging markets, European equities, and thematic technology sectors, such as the Polar Capital Technology Fund. These assets serve as satellite positions, providing targeted exposure to specific growth drivers that contrast with the passive core, effectively balancing the portfolio's risk profile while aiming to enhance total returns.

EuroFolio members utilize this fund as a tactical 5 to 15 percent allocation within diversified equity-heavy strategies. The data suggests a clear preference for using the fund to introduce active management alpha into a predominantly passive framework. Portfolios maintaining a 10 percent allocation to the Kopernik fund alongside a 50 percent core index position have demonstrated the highest Sharpe ratios, indicating that this specific weighting effectively captures the fund's potential for outperformance without disproportionately increasing overall volatility or maximum drawdown.