# EDGAR Filing Document

**Accession Number:** 0001547576
**File Stem:** 0001829126-23-001555
**Filing Date:** 2023-2
**Character Count:** 2696
**Document Hash:** 1735ca9862275294e7c0ed81aa0b40b5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001829126-23-001555.hdr.sgml**: 20230215

**ACCESSION NUMBER**: 0001829126-23-001555

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230215

**DATE AS OF CHANGE**: 20230215

**EFFECTIVENESS DATE**: 20230215

**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:** 23635924

**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

### KFA Mount Lucas Managed Futures Index Strategy ETF (Series ID: S000070143)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                         | Ticker Symbol | Class ID   |
| KFA Mount Lucas Managed Futures Index Strategy ETF | KMLM          | C000223083 |

---

## Series and Classes Contracts Data

### KFA Mount Lucas Managed Futures Index Strategy ETF (Series ID: S000070143)

| Class ID   | Class Name                                         | Ticker Symbol   |
|:---|:---|:---|
| C000223083 | KFA Mount Lucas Managed Futures Index Strategy ETF | KMLM            |

**KRANESHARES TRUST**

**KFA Mount Lucas Managed Futures Index Strategy ETF**

**(the "Fund")**

**Supplement dated February 15, 2023 to the currently effective Statutory Prospectus, as it may be<br> supplemented, for the Fund**

**This supplement provides new and additional information beyond that contained in the currently effective Summary Prospectus and Statutory Prospectus (together, the "Prospectus") and Statement of Additional Information and should be read in conjunction with the Prospectus and Statement of Additional Information dated August 1, 2022.**

**Effective immediately, the third sentence under the "Shareholder Information – Investments in Registered Investment Companies" section in the Statutory Prospectus is deleted in its entirety.** 

**As a result, other registered investment companies will be permitted to invest in the Fund beyond the limits set forth in Section 12(d)(1) subject to certain terms and conditions set forth in Rule 12d1-4 of the Investment Company Act of 1940, including that such investment companies enter into an agreement with the Fund.**

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