KUASX Fees and Costs — Krane UBS China A Share Fund, Investor Class
Data updated: 2022-06-14
The net expense ratio is 1.74%: a 1.25% management fee, a 0.25% 12b-1 fee plus 0.30% other expenses, less a 0.06% fee waiver. This share class carries a redemption fee of 1.00%. In fiscal 2022 the fund paid $2K in broker commissions, 0.1222% of average net assets.
KUASX Fees and Expenses
Annual operating expenses and sales charges of KUASX. Prospectus, as of July 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.30% |
| Gross expense ratio | 1.80% |
| Fee waiver | −0.06% |
| Net expense ratio | 1.74% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
KUASX Costs Over Time
On $10,000 invested in KUASX, assuming 5% a year before costs, total costs come to $1,145 over 5 years, cutting the return by 1.96% 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 1.74%) | $183 | $565 | $971 |
| Trading costs (broker commissions) | $13 | $40 | $68 |
| Lost growth on money paid in costs | $0 | $30 | $106 |
| Total costs | $196 | $635 | $1,145 |
| Value after costs | $10,304 | $10,941 | $11,618 |
| Impact on return, per year | 1.96% | 1.96% | 1.96% |
KUASX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.1222%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
KUASX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CHINA INTL CAPITAL CORP | $1K | 50.30% |
| GOLDMAN, SACHS & CO. | $437 | 20.04% |
| CITIGROUP | $333 | 15.27% |
| JPM CHASE | $96 | 4.39% |
| MORGAN STANLEY & CO, INC | $91 | 4.19% |
| CREDIT SUISSE - FIRST BOSTON | $65 | 2.99% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH | $62 | 2.83% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.