KFYP Fees and Costs — KraneShares CICC China Leaders 100 Index ETF
Data updated: 2023-11-29
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 $12K in broker commissions, 0.1764% of average net assets, and portfolio turnover was 90%.
KFYP Fees and Expenses
Annual operating expenses and sales charges of KFYP. 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 |
KFYP Costs Over Time
On $10,000 invested in KFYP, assuming 5% a year before costs, total costs come to $543 over 5 years, cutting the return by 0.91% 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 | $393 |
| Trading costs (broker commissions) | $19 | $58 | $101 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $91 | $298 | $543 |
| Value after costs | $10,409 | $11,278 | $12,219 |
| Impact on return, per year | 0.91% | 0.91% | 0.91% |
KFYP 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): 0.1764%
- Total broker commissions: $12K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 90%
- Securities lending: none during the year
KFYP Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| VIRTU FINANCIAL BD LLC | $4K | 38.19% |
| UBS INTERNATIONAL INC | $3K | 23.19% |
| SOCIETE GENERALE COWEN SECURITIES CORP. | $2K | 15.51% |
| J.P. MORGAN SECURITIES | $1K | 12.39% |
| CSFB | $1K | 10.73% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.