New York, NY – February 28, 2024 – KraneShares, a leading global ETF provider specializing in China, climate, and uncorrelated assets, today announced a monthly distribution for the KraneShares China Internet & Covered Call Strategy ETF (Ticker: KLIP) in the amount of $0.616754 per share, representing a Monthly Distribution* of 4.06% and a current Distribution Rate** of 47.41%. The Fund’s current 30-day SEC Yield, which excludes options income, is -0.11%.†

For KLIP standard performance, please click here.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and 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 may be lower or higher than the performance quoted. For performance data current to the most recent month end, please visit kraneshares.com/klip.

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

About KraneShares

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

*The Monthly Distribution is the amount paid out by the fund as a distribution expressed as a percentage of the fund’s NAV as of the market close on the day prior to the ex-date. Distribution levels may vary month-to-month and no minimum distribution amount can be guaranteed.

**The Distribution Rate is the annualized payout, expressed as a percentage of NAV, that an investor would receive, assuming that the latest monthly distribution remained the same over the next twelve (12) months. Distribution Rate may include return of capital, ordinary dividends, or capital gain. Distributions may coincide with a decline in NAV. The Distribution Rate is representative of a single distribution and does not indicate total return. Future distributions may differ significantly from the latest distribution and are not guaranteed. Through 12/29/2023, it is estimated that 93.95% of the Fund’s distributions have been return of capital. Actual sources of the distributions may vary at the end of the year, and will be provided in Form 1099-DIV.

†30-day SEC Yield is a standardized yield calculation used to compare the yield of mutual funds, exchange-traded funds (ETFs), and other investment options. It represents the yield an investor would receive in the form of interest or dividends over the course of a 30-day period, assuming that dividends and interest are reinvested.

This material must be preceded or accompanied by a current prospectus. Investors should read it carefully before investing or sending money.