# EDGAR Filing Document

**Accession Number:** 0001547576
**File Stem:** 0001829126-23-002336
**Filing Date:** 2023-3
**Character Count:** 5671
**Document Hash:** b123c307a82d65534d003fa810eb56b0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001829126-23-002336.hdr.sgml**: 20230328

**ACCESSION NUMBER**: 0001829126-23-002336

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230328

**DATE AS OF CHANGE**: 20230328

**EFFECTIVENESS DATE**: 20230328

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Krane Shares Trust
- **CENTRAL INDEX KEY:** 0001547576
- **IRS NUMBER:** 456861457
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-180870
- **FILM NUMBER:** 23770699

**BUSINESS ADDRESS:**
- **STREET 1:** 280 PARK AVENUE
- **STREET 2:** 32ND FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** 646-479-5031

**MAIL ADDRESS:**
- **STREET 1:** 280 PARK AVENUE
- **STREET 2:** 32ND FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

## Series and Classes Contracts Data

### KraneShares Global Carbon Strategy ETF (Series ID: S000066286)

---

|  |  |  |
|:---|:---|:---|
| Class Name                             | Ticker Symbol | Class ID   |
| KraneShares Global Carbon Strategy ETF | KRBN          | C000214065 |

---

### KraneShares California Carbon Allowance Strategy ETF (Series ID: S000072749)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                           | Ticker Symbol | Class ID   |
| KraneShares California Carbon Allowance Strategy ETF | KCCA          | C000229247 |

---

### KraneShares European Carbon Allowance Strategy ETF (Series ID: S000072750)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                         | Ticker Symbol | Class ID   |
| KraneShares European Carbon Allowance Strategy ETF | KEUA          | C000229248 |

---

### KraneShares Eastern US Carbon ETF (Series ID: S000072751)

---

|  |  |  |
|:---|:---|:---|
| Class Name                        | Ticker Symbol | Class ID   |
| KraneShares Eastern US Carbon ETF | KRGI          | C000229249 |

---

### KraneShares Global Carbon Transformation ETF (Series ID: S000075539)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                   | Ticker Symbol | Class ID   |
| KraneShares Global Carbon Transformation ETF | KGHG          | C000234723 |

---

## Series and Classes Contracts Data

### KraneShares Global Carbon Strategy ETF (Series ID: S000066286)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000214065 | KraneShares Global Carbon Strategy ETF | KRBN            |

### KraneShares California Carbon Allowance Strategy ETF (Series ID: S000072749)

| Class ID   | Class Name                                           | Ticker Symbol   |
|:---|:---|:---|
| C000229247 | KraneShares California Carbon Allowance Strategy ETF | KCCA            |

### KraneShares European Carbon Allowance Strategy ETF (Series ID: S000072750)

| Class ID   | Class Name                                         | Ticker Symbol   |
|:---|:---|:---|
| C000229248 | KraneShares European Carbon Allowance Strategy ETF | KEUA            |

### KraneShares Eastern US Carbon ETF (Series ID: S000072751)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000229249 | KraneShares Eastern US Carbon ETF | KRGI            |

### KraneShares Global Carbon Transformation ETF (Series ID: S000075539)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000234723 | KraneShares Global Carbon Transformation ETF | KGHG            |

**KRANESHARES TRUST**

**KraneShares Global Carbon Transformation ETF** 

**KraneShares Global Carbon Strategy ETF**

**KraneShares European Carbon Allowance Strategy ETF**

**KraneShares California Carbon Allowance Strategy ETF**

**KraneShares Eastern US Carbon ETF** 

**(each, a "Fund")**

**Supplement dated March 28, 2023 to the currently effective Statutory Prospectus as it may be supplemented, for each Fund.**

**This supplement provides new and additional information beyond that contained in the currently effective Statutory Prospectus, dated August 1, 2022.**

**Effective immediately, the following change is made to the Statutory Prospectus for each Fund:**

**The paragraph in the "Shareholder Information - Dividends and Distributions" section of the Statutory Prospectus is hereby deleted in its entirety and replaced with the following:**

KraneShares Global Carbon Transformation ETF pays out to its shareholders net investment income and net realized capital gains, if any, once a year (usually in December). KraneShares Global Carbon Strategy ETF, KraneShares European Carbon Allowance Strategy ETF, KraneShares California Carbon Allowance Strategy ETF, and KraneShares Eastern US Carbon ETF may pay out net investment income, if any, at least semi-annually in June and December, but may pay such income as frequently as quarterly. KraneShares Global Carbon Strategy ETF, KraneShares European Carbon Allowance Strategy ETF, KraneShares California Carbon Allowance Strategy ETF, and KraneShares Eastern US Carbon ETF pays out to its shareholders net realized capital gains, if any, once a year (usually in December). Each Fund may make distributions on a more frequent basis. Each Fund reserves the right to declare special distributions, including if, in its reasonable discretion, such action is necessary or advisable to preserve the status of the Fund as a regulated investment company under Subchapter M of the Code, or to avoid imposition of income or excise taxes on undistributed income.

**PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.**