KLIP Fees and Costs — KraneShares KWEB Covered Call Strategy ETF
Data updated: 2026-08-28
The net expense ratio is 0.94%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $1.3M in broker commissions, 1.1447% of average net assets, and portfolio turnover was 397%.
KLIP Fees and Expenses
Annual operating expenses and sales charges of KLIP. Prospectus, as of August 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.94% |
| Fee waiver | — |
| Net expense ratio | 0.94% |
| 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 |
KLIP Costs Over Time
On $10,000 invested in KLIP, assuming 5% a year before costs, total costs come to $1,276 over 5 years, cutting the return by 2.19% 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 0.94%) | $99 | $305 | $522 |
| Trading costs (broker commissions) | $120 | $371 | $636 |
| Lost growth on money paid in costs | $0 | $34 | $118 |
| Total costs | $219 | $709 | $1,276 |
| Value after costs | $10,281 | $10,867 | $11,487 |
| Impact on return, per year | 2.19% | 2.19% | 2.19% |
KLIP Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 1.1447%
- Total broker commissions: $1.3M
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 397%
- Securities lending: none during the year
KLIP Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WALLACHBETH CAPITAL | $557K | 44.11% |
| SUSQUEHANNA PARTNERS | $405K | 32.08% |
| OLD MISSION MARKETS LLC CTM | $136K | 10.79% |
| CLEAR STREET | $90K | 7.11% |
| JANE STREET EXECUTION SERVICES | $75K | 5.92% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.