KRANESHARES MSCI ALL CHINA INDEX ETF

The investment seeks to provide investment results that correspond to the price and yield performance of the MSCI China All Shares Index. Under normal circumstances, the fund will invest at least 80% of its total assets in components of the underlying index, in depositary receipts, representing such components, and investment companies that seek to track the performance of a subset of the underlying index or of an index highly correlated to a portion of the underlying index. The underlying index is a free float adjusted market capitalization weighted index designed to measure the performance of Chinese exchange-listed equity securities.