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© 2023 Krane Funds Advisors, LLC
280 Park Avenue, 32nd Floor, New York, NY 10017

The opinions expressed herein represent the current, good faith views of the author(s) at the time of publication and are provided for limited purposes, are not definitive investment advice, and should not be relied on as such. Predictions, opinions, and other information contained herein are subject to change continually and without notice and may no longer be true after the date indicated. Any forward-looking statements speak only as of the date they are made, and KraneShares assumes no duty to and does not undertake to update forward-looking statements. Forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Actual results could differ materially from those anticipated in forward-looking statements.

Krane Model Portfolios are for illustrative purposes only to demonstrate how certain ETFs, including KraneShares ETFs, can potentially fit into an investor’s portfolio. The model portfolios do not represent investment advice or an investment recommendation by KraneShares. Financial professionals can use the model portfolios, together with other information and their own independent judgment, as a resource to help build a portfolio or to aid in the development of investment advice for their clients. The model portfolios cannot be invested in directly. The model portfolios are not funds or other investments.

The model portfolio and its performance record do not represent actual trading and they may not reflect the impact that material economic and market factors might have had on Krane’s decision-making if KraneShares were actually managing client’s money.

It should not be assumed that any investment identified has been or will be profitable. There can be no guarantee that similar investment opportunities will be available in the future or that the strategy will be able to exploit similar investment opportunities should they arise.

Unless otherwise noted, gross performance is presented before the deduction of management fees, including fees and expenses charged by the underlying funds which, when deducted, would lower the returns shown. Net performance is presented “net” of all applicable management fees, including fees and expenses charged by the underlying funds.

Using an asset allocation strategy does not guarantee a profit or protection against loss, and diversification does not eliminate the risk of experiencing investment losses. Index performance and volatility are materially different from that of any model portfolio. There is no assurance that investing in accordance with a model portfolio’s allocations will provide positive performance over any period. The model portfolios are provided “as-is,” without any warranty of any kind, express or implied. KraneShares may make updates to the recommended allocations that comprise the model portfolios from time to time; however, KraneShares assumes no duty to update the model portfolios on any given schedule. Information and other marketing materials provided to you by KraneShares or any third party concerning a KraneShares model portfolio, including allocations, performance and other characteristics, may not be indicative of an investor’s actual experience from an account managed in accordance with a model portfolio’s strategy.

Each financial professional making use of the model portfolios is solely responsible for making investment recommendations and/or decisions with respect to its clients without input from KraneShares, including with respect to investing in accordance with any model portfolio or any particular security. KraneShares is not acting in an investment advisory, fiduciary or quasifiduciary capacity to any financial professional or its client. This material should not serve as a primary basis for investment decisions. This material has been prepared without regard to the individual financial circumstances and objectives of any investor, and the appropriateness of a particular investment or strategy will depend on an investor’s individual circumstances and objectives. Investors and their financial professionals should consider the investors’ individual financial circumstances, investment time frame, risk tolerance level and investment goals.

Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. The Index reflects the reinvestment of any cash distributions after deduction of any withholding tax using the maximum rate applicable to non-resident institutional investors who do not benefit from double taxation treaties. Indexes are unmanaged and one cannot invest directly in an index.

Investors and their financial professionals should consider the investment objectives, risks, charges and expenses of the ETFs underlying any model portfolio carefully before investing. A prospectus containing this and other information with respect to any KraneShares ETFs that are a part of a model portfolio is available at www.kraneshares.com. With respect to any non-KraneShares ETF that is a part of a model portfolio, please contact your financial professional to obtain a prospectus. KraneShares does not endorse and is not responsible for or liable for any content or other materials made available by other ETF sponsors. Investors should read the prospectus for each ETF that comprises a model portfolio carefully before investing based on a model portfolio.

For current performance of any model in compliance with the new IA Marketing Rule, please reference the latest model factsheet available.

Prior to June 1, 2022, the Krane Opportunistic China Growth Strategy was titled Krane Dynamic China Growth Strategy. Other than the name change, there has been no change to the strategy or constituents.

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