KMLM Fees and Costs — KraneShares Mount Lucas Managed Futures Index Strategy ETF
Data updated: 2026-08-28
The net expense ratio is 0.90%: a 0.89% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $61K in broker commissions, 0.0324% of average net assets, and portfolio turnover was 0%.
KMLM Fees and Expenses
Annual operating expenses and sales charges of KMLM. Prospectus, as of August 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.89% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.90% |
| Fee waiver | — |
| Net expense ratio | 0.90% |
| 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 |
KMLM Costs Over Time
On $10,000 invested in KMLM, assuming 5% a year before costs, total costs come to $584 over 5 years, cutting the return by 0.98% 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 0.90%) | $94 | $295 | $512 |
| Trading costs (broker commissions) | $3 | $11 | $18 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $98 | $321 | $584 |
| Value after costs | $10,402 | $11,255 | $12,179 |
| Impact on return, per year | 0.98% | 0.98% | 0.98% |
KMLM 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): 0.0324%
- Total broker commissions: $61K
- Bought from dealers (principal trades, not a cost): $952.3M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
KMLM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SOCIETE GENERALE | $61K | 100.00% |
KMLM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BANK OF NEW YORK | $834.9M | 87.67% |
| CREDIT SUISSE FIRST BOSTON LLC | $117.4M | 12.33% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.