KHPI Fees and Costs — Kensington Hedged Premium Income ETF
Data updated: 2026-08-26
The net expense ratio is 0.98%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $19K in broker commissions, 0.0124% of average net assets, and portfolio turnover was 9%.
KHPI Fees and Expenses
Annual operating expenses and sales charges of KHPI. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.98% |
| Fee waiver | — |
| Net expense ratio | 0.98% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
KHPI Costs Over Time
On $10,000 invested in KHPI, assuming 5% a year before costs, total costs come to $621 over 5 years, cutting the return by 1.04% 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 0.98%) | $103 | $321 | $557 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $104 | $341 | $621 |
| Value after costs | $10,396 | $11,235 | $12,142 |
| Impact on return, per year | 1.04% | 1.04% | 1.04% |
KHPI Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0124%
- Total broker commissions: $19K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 9%
- Securities on loan, average value: $39K
- Net income from securities lending: $124 (0.000% of average net assets)
KHPI Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $12K | 64.87% |
| DREXEL HAMILTON, LLC | $4K | 22.40% |
| PERSHING LLC | $2K | 11.70% |
| AURIGA USA, LLC | $120 | 0.63% |
| MISCHLER FINANCIAL GROUP, INC. | $78 | 0.41% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.