KIQQ

The KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF 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. The Underlying Index is designed to track the performance of a systematic enhanced collar strategy that seeks to limit losses while providing option income. The Underlying Index models a strategy that includes these components: 1.total return exposure to the Nasdaq-100 Index; 2.short call options (i.e., selling call options) on the Nasdaq-100 Index, which involve the selling of a series of short-dated call options (i.e., five days or less) to generate option income, with new call options being sold each day; and 3. short futures positions (i.e., selling futures) on the Nasdaq-100 Futures Excess Return Index, which is dynamically adjusted on a daily basis as it seeks to replicate the effect of rolling monthly put options on the Nasdaq-100 Index and provide downside protection against losses. The Fund may invest directly in any component of the Nasdaq-100 Index or may invest in an exchange-traded fund ("ETF") that seeks to track the Nasdaq-100 Index.