KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF KIQQ Strategy

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of a specific equity and derivative securities index. The fund’s current index is the Nasdaq InspereX Dynamic Buffered High Income™ Index. Under normal circumstances, the fund invests at least 80% of its net assets (plus borrowings for investment purposes) in securities of the underlying index and other instruments that have economic characteristics similar to those in the underlying index. The fund is non-diversified.