KWEB Fees and Costs — KraneShares CSI China Internet ETF
Data updated: 2026-08-28
The net expense ratio is 0.69%: a 0.68% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $4.9M in broker commissions, 0.0633% of average net assets, and portfolio turnover was 45%.
KWEB Fees and Expenses
Annual operating expenses and sales charges of KWEB. Prospectus, as of August 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.68% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.69% |
| Fee waiver | — |
| Net expense ratio | 0.69% |
| 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 |
KWEB Costs Over Time
On $10,000 invested in KWEB, assuming 5% a year before costs, total costs come to $474 over 5 years, cutting the return by 0.79% 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 0.69%) | $72 | $227 | $394 |
| Trading costs (broker commissions) | $7 | $21 | $36 |
| Lost growth on money paid in costs | $0 | $12 | $43 |
| Total costs | $79 | $260 | $474 |
| Value after costs | $10,421 | $11,317 | $12,289 |
| Impact on return, per year | 0.79% | 0.79% | 0.79% |
KWEB 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): 0.0633%
- Total broker commissions: $4.9M
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 45%
- Securities on loan, average value: $118.7M
- Net income from securities lending: $3.7M (0.048% of average net assets)
KWEB Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JANE STREET EXECUTION SERVICES | $1.3M | 28.48% |
| BTIG | $977K | 22.11% |
| SUSQUEHANNA PARTNERS | $385K | 8.71% |
| OLD MISSION MARKETS LLC CTM | $369K | 8.35% |
| VIRTU FINANCIAL BD LLC | $359K | 8.12% |
| STONEX GROUP INC | $318K | 7.19% |
| BAML | $250K | 5.67% |
| MACQUARIE CAPITAL | $201K | 4.54% |
| GOLDMAN, SACHS & CO | $162K | 3.66% |
| BENCHMARK CO., INC. (THE) | $141K | 3.18% |
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.