KraneShares China Alpha Index ETF KCAI Strategy

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Qi China Alpha Index. Under normal circumstances, the fund invests at least 80% of its net assets in securities of the underlying index and other instruments that have economic characteristics similar to those in the underlying index. The underlying index seeks to provide a total return that exceeds the CSI 300 Index using an automated algorithmic machine learning investment process (“AI Process”) developed by Quant Insight Ltd. The fund is non-diversified.