KBUY Fees and Costs — KraneShares CICC China Consumer Leaders Index ETF
Data updated: 2024-02-28
The net expense ratio is 0.69%: a 0.68% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $29K in broker commissions, 0.2833% of average net assets, and portfolio turnover was 46%.
KBUY Fees and Expenses
Annual operating expenses and sales charges of KBUY. Prospectus, as of July 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.68% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.69% |
| Fee waiver | — |
| Net expense ratio | 0.69% |
| 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 | No |
KBUY Costs Over Time
On $10,000 invested in KBUY, assuming 5% a year before costs, total costs come to $609 over 5 years, cutting the return by 1.02% 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 0.69%) | $72 | $226 | $392 |
| Trading costs (broker commissions) | $30 | $93 | $161 |
| Lost growth on money paid in costs | $0 | $16 | $56 |
| Total costs | $102 | $335 | $609 |
| Value after costs | $10,398 | $11,242 | $12,154 |
| Impact on return, per year | 1.02% | 1.02% | 1.02% |
KBUY Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.2833%
- Total broker commissions: $29K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 46%
- Securities lending: none during the year
KBUY Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BAML | $22K | 76.97% |
| J.P. MORGAN SECURITIES | $5K | 18.50% |
| SOCIETE GENERALE COWEN SECURITIES CORP. | $1K | 4.52% |
| UBS INTERNATIONAL INC | $3 | 0.01% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.