KURE Fees and Costs — KraneShares MSCI All China Health Care Index ETF
Data updated: 2026-08-28
The net expense ratio is 0.65%: a 0.78% management fee plus 0.01% other expenses, less a 0.14% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $86K in broker commissions, 0.0942% of average net assets, and portfolio turnover was 73%.
KURE Fees and Expenses
Annual operating expenses and sales charges of KURE. Prospectus, as of August 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.78% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.79% |
| Fee waiver | −0.14% |
| Net expense ratio | 0.65% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
KURE Costs Over Time
On $10,000 invested in KURE, assuming 5% a year before costs, total costs come to $468 over 5 years, cutting the return by 0.78% 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 0.65%) | $68 | $214 | $371 |
| Trading costs (broker commissions) | $10 | $31 | $54 |
| Lost growth on money paid in costs | $0 | $12 | $43 |
| Total costs | $78 | $257 | $468 |
| Value after costs | $10,422 | $11,320 | $12,295 |
| Impact on return, per year | 0.78% | 0.78% | 0.78% |
KURE 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): 0.0942%
- Total broker commissions: $86K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 73%
- Securities on loan, average value: $475K
- Net income from securities lending: $2K (0.003% of average net assets)
KURE Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J P MORGAN CHASE BANK | $42K | 48.99% |
| UBS INTERNATIONAL INC | $15K | 17.69% |
| MISCHLER | $12K | 14.42% |
| GOLDMAN, SACHS & CO | $11K | 12.58% |
| BAML | $4K | 4.26% |
| SOCIETE GENERALE | $1K | 1.46% |
| MACQUARIE CAPITAL | $523 | 0.61% |
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.