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Sector/Industry Risk

Narrowly focused investments typically exhibit higher volatility. The Fund’s assets are expected to be concentrated in a sector, industry, market, or group of concentrations to the extent that the Underlying Index has such concentrations. The securities or futures in that concentration could react similarly to market developments. Thus, the Fund is subject to loss due to adverse occurrences that affect that concentration.

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Carefully consider the Funds’ investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Funds’ full and summary prospectus, which may be obtained by visiting www.kraneshares.ae. Read the prospectus carefully before investing.

Investing involves risk, including possible loss of principal. There can be no assurance that a Fund will achieve its stated objectives. Indices are unmanaged and do not include the effect of fees. One cannot invest directly in an index.

This information should not be relied upon as research, investment advice, or a recommendation regarding any products, strategies, or any security in particular. This material is strictly for illustrative, educational, or informational purposes and is subject to change. Certain content represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results; material is as of the dates noted and is subject to change without notice.

ETFs cross-listed on the Abu Dhabi Securities Exchange (ADX) are securities traded on the exchange that represent shares of the ETFS which are domiciled and primarily listed in the United States. The ADX cross-listed ETFs reflect the economic rights of the underlying ETF; however, liquidity, trading volume, and market conditions on ADX may differ from those of the primary U.S. listing. OCEANE Global Markets LLC acts as the Market Maker for ETFs cross-listed on ADX.

Investing in ETFs cross-listed on ADX involves risk, including risks related to secondary-market liquidity, market volatility, and potential differences between the market price of the Units and the net asset value (NAV) of the underlying ETF. Investors should carefully review all available offering documents and disclosures provided through ADX and the UAE Capital Markets Authority (CMA), with particular attention to the ETF’s investment objectives, investment policies, risk factors, fees, expenses, and charges.

Investments made in ETFs cross-listed on ADX are not guaranteed by any person or entity, including the service providers of the underlying ETF. Trading prices may trade at a premium or discount to NAV based on market conditions/ KraneShares does not sell or distribute investment products in the UAE. For information on investing or redeeming ETF cross-listed on ADX, investors should contact their licensed broker or the relevant ADX trading member with whom they maintain an account. ETFs cross-listed on ADX are available only to investors eligible under applicable CMA regulations.

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