Fund Description: KraneShares Electric Vehicles and Future Mobility Index ETF is an exchange-traded index fund or Index ETF which is a separate investment portfolio of KraneShares Trust, an open-end investment management company. INVESTMENT OBJECTIVE: The KraneShares Electric Vehicles and Future Mobility Index ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Solactive Electric Vehicles and Future Mobility Index. INDEX DESCRIPTION: The Solactive Electric Vehicles and Future Mobility Index is designed to track the equity market performance of companies engaged in the production of electric vehicles or their components or engaged in other initiatives that may change the future of mobility as determined by Solactive AG, the Index Provider. The securities eligible for inclusion in the Index is expected to include issuers engaged in the electric vehicles production, autonomous driving, shared mobility, lithium and/or copper production, lithium-ion/lead acid batteries, hydrogen fuel cell manufacturing and/or electric infrastructure businesses. Issuers may include small-cap, mid-cap and large-cap companies listed on stock exchanges in developed or emerging market countries. FUND STRATEGY: Under normal circumstances, the Fund will invest at least 80% of its total assets in components of the Index, depositary receipts, including American depositary receipts (ADRs), representing such components, and securities underlying depositary receipts in the Index. The Fund may invest up to 20% of its assets in instruments that are not included in the Index. These investments may include equity securities and depositary receipts of issuers whose securities are not components of the Index, derivative instruments (including swaps, futures, forwards, structured notes and options), other investment companies (including ETFs) and cash or cash equivalents (including money market funds). China-related securities may be included in the Index and/or represent investments of the Fund. Although the Fund reserves the right to use a replication strategy, the Fund expects to use representative sampling to track the Index. Representative sampling is a strategy that involves investing in a representative sample of securities that collectively have an investment profile similar to the Index. The Fund is non-diversified. FUND MANAGEMENT: Krane Funds Advisors LLC serves as the investment adviser to the Fund.