KraneShares MSCI All China Health Care Index UCITS ETF USD

The Fund seeks to deliver the performance of publically traded China-based companies whose primary business is in the healthcare and healthcare-related sectors and whose securities are listed in Hong Kong, Shanghai, Shenzhen and outside of China (the “China Healthcare Companies”). The Fund is passively managed and will seek to achieve its objective by tracking the performance of the MSCI China All Shares Health Care 10/40 Index (the “Index”) as closely as possible. The Index is designed to measure the performance of the China Healthcare Companies, which may be mid-cap or large-cap companies. The Fund invests primarily in securities which are included in the Index. The Fund seeks to hold all the securities of the Index with the approximate weightings that they have in the Index. The Fund seeks to create a near mirror image of the Index but may, in certain circumstances purchase securities that are not included in the Index. The Fund does not intend to use financial derivative instruments. Save in exceptional circumstances, the Fund will only issue and redeem shares of the Fund (“Shares”) to certain institutional investors. However, other investors may purchase or sell Shares through brokers on one or more stock exchanges. The Shares trade on these stock exchanges at market prices which may fluctuate throughout the day. Market prices may be greater or less than the daily net asset value of the Fund. The Fund may engage in securities lending but does not intend to use repurchase agreements or total return swaps. The Fund may invest up to 10% of its net asset value in other regulated collective investment schemes, including other exchange traded funds. Shareholders may redeem Shares on any business day (a day on which commercial banks are open and settle payments in London, Hong Kong, and New York, including days on which such commercial banks are open only half a day) and any other day at the Directors’ discretion provided Shareholders are notified in advance. A list of dealing days for the Fund is published on https://kraneshares.eu/. The Fund’s base currency and the class currency of the Class is U.S. Dollars. The Fund’s income will be reinvested and the Fund does not intend to declare dividends. Please refer to the ICAV’s prospectus and the supplement in respect of the Fund for more information.