KBUF – KraneShares 90% KWEB Dfnd Outcm Jan27ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to provide investors with returns that match the total return of the KraneShares CSI China Internet ETF. Under normal circumstances, the fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in the KraneShares CSI China Internet ETF (the “Underlying ETF”) and options, including FLexible EXchange® Options (“FLEX options”) that reference the underlying ETF. The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
KBUF	KraneShares 90% KWEB Defined Outcome January 2027 ETF	ETF	Open	—	—	Feb 7, 2024	$6.33M	0.970%	—	—	$2.97M

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