Liquidation: Krane Shares Trust

Form Type: 497

Filing Date: 2025-05-05

Corporate Action: Liquidation

Type: New

Accession Number: 000182912625003403

Filing Summary: KraneShares Trust has announced the liquidation and termination of multiple funds, including the KraneShares Dynamic Emerging Markets Strategy ETF, KraneShares Rockefeller Ocean Engagement ETF, and KraneShares MSCI All China Index ETF. The decision, recommended by Krane Funds Advisors, LLC and approved by the Board of Trustees, will take effect with trading ceasing on the NYSE Arca, Inc. on May 20, 2025. Shareholders can sell their holdings prior to this date, but no purchase or redemption orders will be accepted after the closing date. Following the closing date, from May 20 to May 27, 2025, shareholders may only sell shares through certain broker-dealers, and there is no guarantee of a market for the shares. Each Fund will begin converting its portfolio to cash on around May 6, 2025, and the advisory fees will be waived during the liquidation process. Cash distributions will be made to shareholders based on the net asset value per share on the Liquidation Date, which will be a taxable event and may include accrued capital gains and dividends.

Form Type: 497K

Filing Date: 2025-05-05

Corporate Action: Liquidation

Type: Update

Accession Number: 000182912625003404

Filing Summary: On May 5, 2025, KraneShares Trust announced the liquidation and termination of three funds: KraneShares Dynamic Emerging Markets Strategy ETF, KraneShares Rockefeller Ocean Engagement ETF, and KraneShares MSCI All China Index ETF. This action was approved by the Board of Trustees upon the recommendation of Krane Funds Advisors, LLC. The shares of each Fund will stop trading on the NYSE Arca, Inc. at the close of regular trading on May 20, 2025. Shareholders can sell their holdings prior to this date, but no purchase or redemption orders will be accepted after. From May 20 to May 27, 2025, shareholders may only sell their shares to select broker-dealers, and it is uncertain if a market for the shares will exist during this time. Each Fund is expected to convert its holdings to cash beginning on May 6, 2025, and Krane will waive its advisory fee during the liquidation period. The final cash distribution of the net asset value per share will occur on or before the Liquidation Date, and the distributions will reflect costs of closing the Fund and may include taxable capital gains and dividends.

Form Type: 497K

Filing Date: 2025-05-05

Corporate Action: Liquidation

Type: Update

Accession Number: 000182912625003405

Filing Summary: KraneShares Trust has announced the liquidation and termination of three funds: KraneShares Dynamic Emerging Markets Strategy ETF, KraneShares Rockefeller Ocean Engagement ETF, and KraneShares MSCI All China Index ETF. The Board of Trustees approved this action upon the recommendation of the adviser, Krane Funds Advisors, LLC. The funds will cease trading on the NYSE Arca as of May 20, 2025, and shareholders may sell their holdings up until this date. However, no purchase or redemption orders will be accepted after the Closing Date. From May 20 to May 27, 2025, shareholders will have limited options to sell their shares, primarily through select broker-dealers and without assurance of market availability. The funds are expected to convert their holdings to cash around May 6, 2025, and Krane will waive advisory fees during this period. On or before the Liquidation Date, the funds will distribute the net asset value per share in cash to shareholders who have not sold their shares, which will also include distributions that may be taxed. These distributions will reflect the costs of closing the fund and might comprise accrued capital gains and dividends.

Form Type: 497K

Filing Date: 2025-05-05

Corporate Action: Liquidation

Type: Update

Accession Number: 000182912625003406

Filing Summary: This document serves as a supplement to the existing Summary Prospectus, Statutory Prospectus, and Statement of Additional Information for the KraneShares Dynamic Emerging Markets Strategy ETF, KraneShares Rockefeller Ocean Engagement ETF, and KraneShares MSCI All China Index ETF. On May 5, 2025, the Board of Trustees of KraneShares Trust approved the liquidation and termination of each Fund, which will cease trading on the NYSE Arca, Inc. as of the close of regular trading on May 20, 2025. Shareholders can sell their shares prior to this date, but no purchase or redemption orders will be accepted post-Closing Date. From May 20, 2025, through the Liquidation Date of May 27, 2025, shares may only be sold to certain broker-dealers, and there is no assurance of market availability during this period. The Funds are expected to convert their holdings to cash around May 6, 2025, and Krane will waive its advisory fee until the Liquidation Date. The Funds will distribute the net asset value per share in cash to shareholders who have not sold their shares, and such distributions will be taxable events that may include accrued capital gains and dividends.