New York, NY – January 08, 2026 – KraneShares, a leading provider of exchange-traded funds (ETFs) delivering access to emerging technologies and innovative global asset classes, today announced that the KraneShares Hedgeye Hedged Equity Index ETF (NYSE: KSPY) has been added to LPL Financial’s No-Transaction-Fee (NTF) platform, expanding accessibility for LPL’s more than 22,000 financial advisors and their clients.

LPL Financial is the largest independent broker-dealer¹ and a leading provider of investment and business solutions to financial advisors across the United States. Its NTF platform allows advisors to offer a curated range of ETFs and mutual funds without incurring transaction charges, which may reduce overall costs for investors.

KSPY: Dynamic Downside Risk Management & Upside Participation

KSPY’s alternative approach is driven by its utilization of Hedgeye’s Risk Range™ Signals, ability to toggle between three unique option strategies, and systematic implementation. Hedgeye’s Risk Range™ Signals are based on a model that analyzes price, volume, and volatility, with the goal of identifying price entry and exit points. Since publication began in 2015, the S&P 500 has closed within its daily published Risk Range™ 83% of the time.² KSPY’s options strategy is determined by the S&P 500’s position relative to these Risk Range™ Signals, with the ability to adjust as frequently as daily.

This allows KSPY to systematically adjust portfolio delta, moving towards full equity exposure when market conditions are favorable and reducing exposure when adverse.

• When the S&P 500 is near or below the buy Risk Range™, KSPY’s portfolio delta moves toward 100%, maximizing upside participation.
• When the S&P 500 is near or above the sell Risk Range™, the delta moves toward 0%, prioritizing downside hedging.

“Unlike traditional hedged equity ETFs, KSPY does the work for you,” said Jonathan Shelon, CFA, COO at KraneShares. “KSPY automatically responds to changing market conditions, seeking to maximize upside participation when appropriate and to minimize downside capture when conditions are adverse. This flexibility is particularly valuable in today’s fast-moving markets, where risks and opportunities can shift rapidly.”

KraneShares’ Broader Presence on the LPL Platform
KraneShares joined the LPL NTF platform in January 2025 and now offers 16 ETFs spanning emerging technologies, carbon markets, China themes, and income solutions. These include:

• China: KWEB (China Internet), KURE (China Healthcare), KGRN (China Clean Technology), KSTR (STAR Market), KBA (China A-Shares)
• Options Income: KLIP
• Carbon Credits: KRBN
• U.S. Equity & Fixed Income: KVLE, IVOL, BNDD, KSPY (U.S. Hedged Equity)
• Global Technology & Emerging Markets: AGIX (AI & Technology), KOID (Humanoid & Embodied AI), KARS (Electric Vehicles), KEMQ, KEMX

For more information about these funds, visit www.kraneshares.com.

The expansion of KraneShares’ products on the NTF platform coincides with the firm’s strategic partnership with InspereX, further enhancing distribution into LPL’s advisor network.

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About KraneShares

KraneShares is a specialist investment manager focused on delivering global investors innovative, high-conviction strategies. The firm is known for its China-focused and climate-focused ETFs, as well as its solutions across emerging markets, carbon allowances, options income, and disruptive technologies like artificial intelligence, electric vehicles, and humanoid robotics. KraneShares helps investors access transformative growth opportunities through research-driven products and educational resources.

Citations:

1. Data from Hedgeye Asset Management as of 11/24/2025.
2. Data from “2025 Top 100 RIA Firms,” Barron’s, as of September 2025.