KBND Stock, KraneShares Bloomberg Barclays China Bond Inclusion Index ETF Information

The investment seeks to provide investment results that, before fees and expenses, correspond to the price and yield performance of the CSI Diversified High Grade Commercial Paper Index. The fund will invest at least 80% of its total assets in securities of the underlying index. The underlying index seeks to track the performance of high-grade on-shore renminbi (RMB)-denominated (or CNY) commercial paper that is issued by corporate issuers in the Peoples Republic of Chinas (China or the PRC) and traded in the Chinese Inter-bank Bond Market (CIBM). The fund is non-diversified.