Fund Description: KFA Large Cap Quality Dividend Index ETF is an exchange-traded index fund or Index ETF which is a separate investment portfolio of Krane Shares Trust, an open-end investment management company. INVESTMENT OBJECTIVE: The KFA Large Cap Quality Dividend Index ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Russell 1000 Dividend Select Equal Weight Index. INDEX DESCRIPTION: The Russell 1000 Dividend Select Equal Weight Index is designed to track the equity market performance of large cap companies that have increased their dividend payments over a period of ten years (subject to certain exceptions), which the Fund believes is a measure of a quality company. The Index is a free float-adjusted, market capitalization weighted index that utilizes a rules-based indexing methodology and includes approximately 1,000 of the largest companies in the Russell 3000 Index. The Russell 3000 Index represents approximately 98% of the investable U.S. equity market. FUND STRATEGY: Under normal circumstances, the Fund will invest at least 80% of its total assets in components of the Index. The Fund may invest up to 20% of its assets in instruments that are not included in the Index which include equity securities 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). The Fund, using a passive or indexing investment approach, attempts to approximate the investment performance of the Index by investing in a portfolio of securities that generally replicates the Index. However, the Fund may utilize a sampling methodology under various circumstances where it may not be possible or practicable to purchase all of the securities in the Index. The Fund is non-diversified. FUND MANAGEMENT: Krane Funds Advisors LLC serves as the investment adviser to the Fund.