KSET Stock, KraneShares Global Carbon Offset Strategy ETF Information

The KraneShares Global Carbon Offset Strategy ETF (the Fund) seeks capital appreciation. To pursue its investment objective of capital appreciation, the Fund will invest in futures contracts on carbon offset credits Each carbon offsets credit represents the reduction or removal of a specific amount of carbon dioxide or other greenhouse gas (GHG) from the atmosphere. Carbon offsets credits are designed to provide a mechanism for people and businesses to mitigate the adverse environmental impact of their GHG-generating activities. For example, a frequent flyer can mitigate the adverse environmental impact of her travel by purchasing carbon offset credits from an organization that will invest the transaction proceeds in projects that have a positive environmental impact, such as reforestation.