KMED Fees and Costs — KraneShares Emerging Markets Healthcare Index ETF
Data updated: 2023-11-29
The net expense ratio is 0.79%: a 0.78% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $1K in broker commissions, 0.0547% of average net assets, and portfolio turnover was 36%.
KMED Fees and Expenses
Annual operating expenses and sales charges of KMED. Prospectus, as of July 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.78% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.79% |
| Fee waiver | — |
| Net expense ratio | 0.79% |
| 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 |
KMED Costs Over Time
On $10,000 invested in KMED, assuming 5% a year before costs, total costs come to $530 over 5 years, cutting the return by 0.89% 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 0.79%) | $83 | $259 | $450 |
| Trading costs (broker commissions) | $6 | $18 | $31 |
| Lost growth on money paid in costs | $0 | $14 | $49 |
| Total costs | $89 | $291 | $530 |
| Value after costs | $10,411 | $11,285 | $12,233 |
| Impact on return, per year | 0.89% | 0.89% | 0.89% |
KMED 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): 0.0547%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 36%
- Securities on loan, average value: $7K
- Net income from securities lending: $1K (0.052% of average net assets)
KMED Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SOCIETE GENERALE COWEN SECURITIES CORP. | $653 | 54.86% |
| J.P. MORGAN SECURITIES | $331 | 27.78% |
| VIRTU FINANCIAL BD LLC | $204 | 17.13% |
| JPM CHASE | $3 | 0.23% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.