# EDGAR Filing Document

**Accession Number:** 0001547576
**File Stem:** 0001829126-26-005561
**Filing Date:** 2026-5
**Character Count:** 2709
**Document Hash:** 9fbd21804af0f4e61100bd51dd6072f3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001829126-26-005561.hdr.sgml**: 20260521

**ACCESSION NUMBER**: 0001829126-26-005561

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 15

**FILED AS OF DATE**: 20260521

**DATE AS OF CHANGE**: 20260521

**EFFECTIVENESS DATE**: 20260521

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Krane Shares Trust
- **CENTRAL INDEX KEY:** 0001547576

**ORGANIZATION NAME:**
- **EIN:** 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:** 261007924

**BUSINESS ADDRESS:**
- **STREET 1:** 280 PARK AVENUE
- **STREET 2:** 32ND FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** 212-933-0393

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

## Series and Classes Contracts Data

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

---

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

---

## Series and Classes Contracts Data

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

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

?xml version='1.0' encoding='ASCII'?

**KRANESHARES TRUST**

**KraneShares Eastern US Carbon Strategy ETF**

**(the "Fund")**

**Supplement dated May 21, 2026 to the Fund's Summary Prospectus, dated August 1, 2025, which may be supplemented and amended from time to time.**

**IMPORTANT NOTICE REGARDING CHANGE IN INVESTMENT POLICY**

*Capitalized terms and certain other terms used in this supplement, unless otherwise defined in this supplement, have the meanings assigned to them in the Summary Prospectus.*

Effective June 1, 2026, the Fund's principal investment strategies and investment policies are changing. As of that date, the eighth paragraph of the "Principal Investment Strategies" section in the Fund's Summary Prospectus is deleted in its entirety and replaced with the following:

Under normal circumstances, the Fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in instruments that provide exposure to the Eastern U.S. carbon credits (i.e., RGGI carbon credits). For purposes of this 80% policy, derivatives, such as futures contracts, will be counted at their notional value.

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