KLIP) Announced the distribution amount for March, the current distribution rate is 49.79%

NEW YORK, March 28, 2024 (Globe Newswire) — KraneShares, the world’s leading ETF provider focused on China, climate, and uncorrelated assets, today announced the KraneShares China Internet & Covered Call Strategy ETF (ticker: KLIP). announced the monthly distribution amount. At $0.611927 per share, the monthly dividend* is 4.06% and the current distribution rate** is 49.79%. The fund’s current 30-day SEC yield, excluding option income, is -0.05%. †

Click here for KLIP standard performance. here.

Performance data quoted represents historical performance. Past performance does not guarantee future results. The return on investment and the principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance is not an estimate of current performance. It may be lower or higher than the expected performance. Click here for performance data up to the most recent month. kraneshares.com/klip.

Over the past year, KLIP has provided shareholders with attractive monthly distributions. See the table below for KLIP’s 12-month distribution history.

About Crane Shares

Krane Funds Advisors, LLC is the investment manager of the KraneShares ETF. KraneShares offers innovative investment solutions aligned to his three main pillars: China, Climate and Uncorrelated Assets. Our team is determined to deliver industry-leading, differentiated, high-conviction investment strategies that provide access to key market trends. Our mission is to provide investors with the knowledge and tools necessary to capture the importance of these themes as essential elements of a well-designed investment portfolio.

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*Monthly distribution is the amount paid by the fund as a distribution expressed as a percentage of the fund’s NAV at the market close on the day before the ex-date. Distribution levels may vary from month to month and minimum distribution amounts are not guaranteed.

**Distribution rate is the annualized dividend that an investor would receive assuming the most recent monthly distribution remained the same over the next 12 months, expressed as a percentage of NAV. Distribution rates may include returns of capital, ordinary dividends, or capital gains. Distributions may occur at the same time as NAV declines. The distribution percentage represents a single distribution and does not represent the total return. Future distributions may differ significantly from the current distribution and are not guaranteed. By December 29, 2023, we estimate that 93.95% of the Fund’s distributions were a return of capital. The actual source of distribution may vary at year-end and will be provided on Form 1099-DIV.

†30-day SEC yield is a standardized yield calculation used to compare the yields of mutual funds, exchange-traded funds (ETFs), and other investment options. This represents the yield an investor receives in the form of interest or dividends over his 30 days, assuming the dividends and interest are reinvested.

This material must precede or accompany the current. prospectus. Investors should read this document carefully before investing or transferring money.

Risk disclosure:

Investments involve risks such as possible loss of principal. There is no guarantee that the Fund will achieve its stated objectives. The index is unmanaged and does not include the impact of fees. You cannot invest directly in an index.

This information should not be relied upon as research, investment advice, or recommendations specifically regarding products, strategies, or securities. This material is for illustrative, educational, and informational purposes only and is subject to change. Certain content represents an assessment of market conditions at a particular point in time and is not intended to be a prediction of future events or a guarantee of future results. Content is current as of the date indicated and is subject to change without notice.

By writing a call option in exchange for receiving a premium, the Fund is giving up the opportunity to benefit from any potential increase in the value of the Index above the exercise price of such option, but any decline in value. You will continue to take risks. of the index. The premium received from an option may not be sufficient to offset losses incurred due to fluctuations in the underlying stock over time. As a result, the risk associated with writing a call option can be similar to the risk associated with writing a put option. In addition, the Fund’s ability to sell the securities underlying the option is limited while the option is in effect unless the Fund cancels the option position by purchasing an offsetting identical option prior to the expiration of the written option. Masu. As the issuer of a call option, the Fund may not be able to control when it is required to satisfy its obligations to the purchaser of the option. However, the terms of his FLEX option created by the Fund make it exercisable only on the expiration date. Exchanges may suspend option trading in volatile markets. If trading is suspended, a Fund may be unable to write options at times when it would be desirable or advantageous to do so. The premium a Fund receives from writing a call option constitutes short-term capital gain and is distributed as ordinary income. As a result, a significant portion of distributions may be taxed at an effective tax rate that is higher than the effective tax rate that would apply if the Fund pursued a different investment strategy.

The Fund may invest in derivatives, which are often more volatile than other investments and may magnify the Fund’s gains and losses. Derivatives (i.e. futures/futures contracts, swaps, and options) are contracts that derive their value from the performance of an underlying asset. The main risks of derivatives are that they may not be proportionate to changes in the market value of the asset, and that some derivatives may result in unlimited losses. Derivatives are also subject to liquidity and counterparty risk. The Fund is subject to liquidity risk, which may make it difficult to purchase or sell certain investments at appropriate times and prices. If these securities are traded in large amounts, they may not be able to enter into a trade and the Fund may incur a loss. Counterparty risk is the risk of loss if the counterparty to a contract fails to make required payments or fails to comply with the terms of the derivative.

The ability of the Funds to achieve their respective investment objectives will depend, in part, on the continued availability of A Shares and the ability to obtain additional A Share allocations as needed. If the Fund is unable to obtain sufficient exposure for its A-share allocation of limited availability, the Fund may seek exposure to constituent securities of the Underlying Index by investing in other types of securities. there is. The Fund is subject to political, social and economic instability within China, which may cause a decline in value. Emerging markets come with increased volatility and lower trading volumes, as well as heightened risks related to the same factors. Fluctuations in foreign currencies can adversely affect the value of domestic currencies. The Fund may invest in initial public offerings (IPOs). Securities issued in an IPO have no trading history, and information about the company may be available for a very limited period of time. Additionally, the prices of securities sold in IPOs can be highly volatile. Additionally, as the size of a fund increases, the impact of an IPO on a fund’s performance generally decreases.

This fund is newly established and does not have many shares outstanding yet. If the Fund does not grow in size, it will be exposed to greater risks because the bid and ask spreads of its shares will widen, the shares may trade at higher premiums or discounts to their NAVs, and may be subject to liquidation and/or trading suspension. It will be. Narrowly focused investments typically have higher volatility. The Fund’s assets are expected to be concentrated in a sector, industry, market, or concentration group to the extent that the underlying index is concentrated. Securities or futures in that concentration may react similarly to market developments. Therefore, the Fund may suffer losses due to adverse events that affect its concentration. In addition to the normal risks associated with investing, investments in smaller companies typically exhibit higher volatility. KLIP is not diversified.

ETF shares are bought and sold on exchanges at market price (not NAV) and are not individually redeemed from the Fund. However, shares may be redeemed directly at her NAV by certain authorized broker-dealers (authorized participants) in very large creation/redemption units. The returns shown do not represent the returns you would receive if you traded the stock at any other time. Shares may trade at a premium or discount to his NAV in the secondary market. Brokerage fees reduce returns. Effective December 23, 2020, market price returns are based on the official closing price of the ETF stock or, if the official closing price is not available, the midpoint between the National Highest Bid Price and the National Highest Bid Price (“NBBO”). The time the ETF calculates its current NAV per share. Prior to that date, market price returns were based on the midpoint between the buy and buy prices. NAV is calculated using prices at 4:00 PM ET.

KraneShares ETF and KFA Funds ETF are distributed by SEI Investments Distribution Company (SIDCO), 1 Freedom Valley Drive, Oaks, PA 19456. SIDCO is not affiliated with Krane Funds Advisors, LLC, the Fund’s investment advisor, or any of its subsidiaries. Fund advisor.

contact:
Joseph Dube – Head of Marketing, KraneShares
Joseph.Dube@kraneshares.com