# EDGAR Filing Document

**Accession Number:** 0001547576
**File Stem:** 0002048251-26-004693
**Filing Date:** 2026-5
**Character Count:** 32340
**Document Hash:** 8105443421ab078c093df32e202a3d54
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-26-004693.hdr.sgml**: 20260529

**ACCESSION NUMBER**: 0002048251-26-004693

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260529

**DATE AS OF CHANGE**: 20260529

**PERIOD START**: 20260331

**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:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22698
- **FILM NUMBER:** 261045099

**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 Asia Pacific High Income USD Bond ETF (Series ID: S000059793)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000195632 | KraneShares Asia Pacific High Income USD Bond ETF | KHYB            |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Krane Shares Trust

- **b. Investment Company Act file number:** 811-22698

- **c. CIK number of Registrant:** 0001547576

- **d. LEI of Registrant:** 2549008E1DI99JHCCA80

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 280 Park Ave

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10017

  - **Telephone number:** 2129330393

**Item A.2. Information about the Series.**

- **a. Name of Series:** KraneShares Asia Pacific High Income USD Bond ETF

- **b. EDGAR series identifier (if any):** S000059793

- **c. LEI of Series:** 549300KIE6TMQTZK2V13

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $15561620.83

**Total Liabilities:** $186444.74

**Net Assets:** $15375176.09

**Cash Not Reported:** $1009453.01

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** -7.72860526 | **1-Year:** -72.42345476 | **5-Year:** -214.21012696 | **10-Year:** -319.98643835 | **30-Year:** -13.15469232

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** -48.11456919 | **1-Year:** -1272.24568423 | **5-Year:** -1639.33789748 | **10-Year:** -507.00089461 | **30-Year:** -275.46378445

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000195632 | -3.41%               | 0.39%                | 1.74%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-88767.55               | $-569867.32                                |
| Month 2  | $1453.97                 | $-18191.06                                 |
| Month 3  | $12850.66                | $196249.11                                 |

### Schedule of Portfolio Investments

| Name                                                      | Title                                                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Wynn Macau, Limited                                       | WYNN MACAU LTD 5.625000% 08/26/2028                                    | CUSIP: G98149AH3<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | NUSS              | MO        |    250000 | PA      | $245540.98    | 1.60%             | 2028-08-26      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| IIFL FINANCE LIMITED                                      | IIFL FINANCE LTD 8.750000% 07/24/2028                                  | CUSIP: Y3R78RET8<br>LEI: 335800CZ46UJRS34JR78 | Long             | DBT              | NUSS              | IN        |    200000 | PA      | $201580.76    | 1.31%             | 2028-07-24      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| LONGFOR GROUP HOLDINGS LIMITED                            | LONGFOR GROUP HOLDINGS LTD 3.950000% 09/16/2029                        | CUSIP: N/A<br>LEI: 254900UJX27B2F1JYR13       | Long             | DBT              | NUSS              | CN        |    200000 | PA      | $158048.23    | 1.03%             | 2029-09-16      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES FINANCE II PLC                          | VEDANTA RESOURCES FINANCE II PLC 9.475000% 07/24/2030                  | CUSIP: G9T27HAL8<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | NUSS              | IN        |    200000 | PA      | $202509.34    | 1.32%             | 2030-07-24      | Fixed         | 9.47%                 | No            |                  2 | On Loan: No      |
| Islamic Republic of Pakistan                              | ISLAMIC REP OF PAKISTAN 6.875000% 12/05/2027                           | CUSIP: N/A<br>LEI: 529900LOP29R5WKHOD86       | Long             | DBT              | NUSS              | PK        |    200000 | PA      | $197289.89    | 1.28%             | 2027-12-05      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SAMMAAN CAPITAL LIMITED                                   | SAMMAAN CAPITAL LTD 8.950000% 08/28/2028                               | CUSIP: N/A<br>LEI: 335800A2A3G53ZQZTQ21       | Long             | DBT              | NUSS              | IN        |    250000 | PA      | $251939.28    | 1.64%             | 2028-08-28      | Fixed         | 8.95%                 | No            |                  2 | On Loan: No      |
| Thaioil Treasury Center Company Limited                   | THAIOIL TREASURY CENTER CO LTD MTN 6.100000% MATURITY: PERPETUAL       | CUSIP: Y86218AC1<br>LEI: 549300NH03B9E8VGJR89 | Long             | DBT              | NUSS              | TH        |    200000 | PA      | $193055.91    | 1.26%             | 2174-10-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| PINGAN REAL ESTATE CAPITAL LIMITED                        | PINGAN REAL ESTATE CAPITAL LTD MTN 3.450000% 07/29/2026                | CUSIP: N/A<br>LEI: 655600MZ4W5VY0OEG119       | Long             | DBT              | NUSS              | CN        |    200000 | PA      | $195286.06    | 1.27%             | 2026-07-29      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| NWD FINANCE (BVI) LIMITED                                 | NWD FINANCE BVI LTD 5.250000% MATURITY: PERPETUAL                      | CUSIP: N/A<br>LEI: 25490076V8K09HMNCT88       | Long             | DBT              | NUSS              | HK        |    200000 | PA      | $158517.31    | 1.03%             | 2174-12-22      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SAMMAAN CAPITAL LIMITED                                   | SAMMAAN CAPITAL LTD 7.500000% 10/16/2030                               | CUSIP: N/A<br>LEI: 335800A2A3G53ZQZTQ21       | Long             | DBT              | NUSS              | IN        |    200000 | PA      | $193710.62    | 1.26%             | 2030-10-16      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE LIMITED                             | MELCO RESORTS FINANCE LTD 7.625000% 04/17/2032                         | CUSIP: G5975LAK2<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | NUSS              | HK        |    200000 | PA      | $202961.01    | 1.32%             | 2032-04-17      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| NWD (MTN) LIMITED                                         | NWD MTN LTD MTN 4.500000% 05/19/2030                                   | CUSIP: N/A<br>LEI: 254900STSWBVJ5FV9O74       | Long             | DBT              | NUSS              | HK        |    200000 | PA      | $155837.31    | 1.01%             | 2030-05-19      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FWD GROUP HOLDINGS LIMITED                                | FWD GROUP HOLDINGS LTD MTN 5.836000% 09/22/2035                        | CUSIP: G37049AD8<br>LEI: 254900HEGGDS8WU5QZ97 | Long             | DBT              | NUSS              | HK        |    200000 | PA      | $198462.33    | 1.29%             | 2035-09-22      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| Islamic Republic of Pakistan                              | PAKISTAN GOVERNMENT INTERNATIONAL BOND MTN 8.875000% 04/08/2051        | CUSIP: N/A<br>LEI: 529900LOP29R5WKHOD86       | Long             | DBT              | NUSS              | PK        |    250000 | PA      | $223151.99    | 1.45%             | 2051-04-08      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| MANAPPURAM FINANCE LIMITED                                | MANAPPURAM FINANCE LTD MTN 7.375000% 05/12/2028                        | CUSIP: N/A<br>LEI: 335800JL5WTUSKOSPN77       | Long             | DBT              | NUSS              | IN        |    200000 | PA      | $201063.44    | 1.31%             | 2028-05-12      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                                    | STANDARD CHARTERED PLC 7.000000% MATURITY: PERPETUAL                   | CUSIP: G84228HA9<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | NUSS              | GB        |    360000 | PA      | $353088.61    | 2.30%             | 2174-05-14      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES FINANCE II PLC                          | VEDANTA RESOURCES FINANCE II PLC 9.125000% 10/15/2032                  | CUSIP: G9T27HAN4<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | NUSS              | IN        |    200000 | PA      | $201102.15    | 1.31%             | 2032-10-15      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| Democratic Socialist Republic of Sri Lanka                | REPUBLIC OF SRI LANKA 3.350000% 03/15/2033                             | CUSIP: N/A<br>LEI: 254900IG6Y30I2QE2R92       | Long             | DBT              | NUSS              | LK        |    200000 | PA      | $166925.00    | 1.09%             | 2033-03-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Wynn Macau, Limited                                       | WYNN MACAU LTD 6.750000% 02/15/2034                                    | CUSIP: G98149AM2<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | NUSS              | MO        |    200000 | PA      | $195448.85    | 1.27%             | 2034-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Trade and Development Bank of Mongolia JSC                | TRADE & DEVELOPMENT BANK OF MONGOLIA LLC 8.500000% 12/23/2027          | CUSIP: N/A<br>LEI: 549300O080RZNQXWR806       | Long             | DBT              | NUSS              | MN        |    400000 | PA      | $391499.37    | 2.55%             | 2027-12-23      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| MEDCO CYPRESS TREE PTE. LTD.                              | MEDCO CYPRESS TREE PTE LTD 8.625000% 05/19/2030                        | CUSIP: Y56616AA6<br>LEI: 254900NKZ2Y3YZK4WC46 | Long             | DBT              | NUSS              | ID        |    360000 | PA      | $369624.03    | 2.40%             | 2030-05-19      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Fortune Star (BVI) Limited                                | FORTUNE STAR BVI LTD 6.800000% 09/09/2029                              | CUSIP: N/A<br>LEI: 2549008CU8NYQQRSNU62       | Long             | DBT              | NUSS              | CN        |    200000 | PA      | $189529.96    | 1.23%             | 2029-09-09      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| Fortune Star (BVI) Limited                                | FORTUNE STAR BVI LTD 5.050000% 01/27/2027                              | CUSIP: N/A<br>LEI: 2549008CU8NYQQRSNU62       | Long             | DBT              | NUSS              | CN        |    400000 | PA      | $388316.24    | 2.53%             | 2027-01-27      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| SAN MIGUEL GLOBAL POWER HOLDINGS CORP.                    | SAN MIGUEL GLOBAL POWER HOLDINGS CORP 5.450000% MATURITY: PERPETUAL    | CUSIP: N/A<br>LEI: 549300HBCE80QXKII590       | Long             | DBT              | NUSS              | PH        |    200000 | PA      | $197713.17    | 1.29%             | 2174-12-09      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| NICKEL INDUSTRIES LIMITED                                 | NICKEL INDUSTRIES LTD 9.000000% 09/30/2030                             | CUSIP: Q67949AD1<br>LEI: 54930007K0WX53TSIK16 | Long             | DBT              | NUSS              | ID        |    200000 | PA      | $199733.68    | 1.30%             | 2030-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Limited                             | ALIBABA GROUP HOLDING LTD ZERO COUPON 09/15/2032                       | CUSIP: G01719AP1<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | CN        |    200000 | PA      | $192500.00    | 1.25%             | 2032-09-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| WEST CHINA CEMENT LIMITED                                 | WEST CHINA CEMENT LTD 9.900000% 12/04/2028                             | CUSIP: G9550BAD5<br>LEI: 529900MMG3NBTIWPPR63 | Long             | DBT              | NUSS              | CN        |    200000 | PA      | $180379.80    | 1.17%             | 2028-12-04      | Fixed         | 9.90%                 | No            |                  2 | On Loan: No      |
| Islamic Republic of Pakistan                              | PAKISTAN GOVERNMENT INTERNATIONAL BOND MTN 7.375000% 04/08/2031        | CUSIP: N/A<br>LEI: 529900LOP29R5WKHOD86       | Long             | DBT              | NUSS              | PK        |    250000 | PA      | $231169.59    | 1.50%             | 2031-04-08      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| FWD LIMITED                                               | FWD GROUP HOLDINGS LTD 6.675000% MATURITY: PERPETUAL                   | CUSIP: N/A<br>LEI: 254900FMA87JW77SVS91       | Long             | DBT              | NUSS              | HK        |    200000 | PA      | $199500.00    | 1.30%             | 2174-08-01      | Fixed         | 6.67%                 | No            |                  2 | On Loan: No      |
| GREENTOWN CHINA HOLDINGS LIMITED                          | GREENTOWN CHINA HOLDINGS LTD 8.450000% 02/24/2028                      | CUSIP: N/A<br>LEI: 529900BLBC6YDNWS8530       | Long             | DBT              | NUSS              | CN        |    200000 | PA      | $200946.56    | 1.31%             | 2028-02-24      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| KasikornBank PCL (Hong Kong Branch)                       | KASIKORNBANK PCL/HONG KONG MTN 4.000000% MATURITY: PERPETUAL           | CUSIP: Y458J4AF1<br>LEI: N/A                  | Long             | DBT              | NUSS              | TH        |    200000 | PA      | $196443.40    | 1.28%             | 2175-02-10      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MONGOLIAN MINING CORPORATION                              | MONGOLIAN MINING CORP 8.440000% 04/03/2030                             | CUSIP: G61759AB5<br>LEI: 254900XQ2EY5O3SAYL47 | Long             | DBT              | NUSS              | MN        |    200000 | PA      | $198922.39    | 1.29%             | 2030-04-03      | Fixed         | 8.44%                 | No            |                  2 | On Loan: No      |
| CAS Capital No. 2 Limited                                 | CAS CAPITAL NO 2 LTD 6.250000% MATURITY: PERPETUAL                     | CUSIP: G1927QAA1<br>LEI: 2549007CLL9JS1Z83O04 | Long             | DBT              | NUSS              | HK        |    200000 | PA      | $196497.13    | 1.28%             | 2174-10-13      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CHINA OIL AND GAS GROUP LIMITED                           | CHINA OIL & GAS GROUP LTD 7.000000% 02/04/2029                         | CUSIP: N/A<br>LEI: 52990063CVI7GDV4JZ06       | Long             | DBT              | NUSS              | CN        |    200000 | PA      | $192523.72    | 1.25%             | 2029-02-04      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SHUI ON DEVELOPMENT (HOLDING) LIMITED                     | SHUI ON DEVELOPMENT HOLDING LTD 9.750000% 01/26/2029                   | CUSIP: N/A<br>LEI: 3003005J4J3G9CZFDK52       | Long             | DBT              | NUSS              | CN        |    200000 | PA      | $201268.71    | 1.31%             | 2029-01-26      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Studio City Finance Limited                               | STUDIO CITY FINANCE LTD 5.000000% 01/15/2029                           | CUSIP: G85381AG9<br>LEI: 254900D6R731QAUIG324 | Long             | DBT              | NUSS              | MO        |    200000 | PA      | $187545.58    | 1.22%             | 2029-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES FINANCE II PLC                          | VEDANTA RESOURCES FINANCE II PLC 10.875000% 09/17/2029                 | CUSIP: G9T27HAG9<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | NUSS              | IN        |    400000 | PA      | $417785.57    | 2.72%             | 2029-09-17      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| Wynn Macau, Limited                                       | WYNN MACAU LTD 144A 4.500000% 03/07/2029                               | CUSIP: 98313RAJ5<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | MO        |    250000 | PA      | $248875.00    | 1.62%             | 2029-03-07      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Vanke Real Estate (Hong Kong) Company Limited             | VANKE REAL ESTATE HONG KONG CO LTD MTN 3.975000% 11/09/2027            | CUSIP: N/A<br>LEI: 25490078APAXS5NZGF08       | Long             | DBT              | NUSS              | CN        |    200000 | PA      | $75646.14     | 0.49%             | 2027-11-09      | Fixed         | 3.98%                 | No            |                  2 | On Loan: No      |
| CS Treasury Management Services (P) Limited               | CS TREASURY MANAGEMENT SERVICES P LTD 9.000000% MATURITY: PERPETUAL    | CUSIP: N/A<br>LEI: 254900MLBK4TUEESYL96       | Long             | DBT              | NUSS              | HK        |    384140 | PA      | $384225.71    | 2.50%             | 2174-06-05      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| BAIDU, INC.                                               | BAIDU INC ZERO COUPON 03/12/2032                                       | CUSIP: N/A<br>LEI: 254900AL64IANZYI1E02       | Long             | DBT              | CORP              | CN        |    200000 | PA      | $182300.00    | 1.19%             | 2032-03-12      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| RENEW WIND ENERGY (AP 2) PRIVATE LIMITED                  | RENEW WIND ENERGY AP2 / RENEW POWER PVT LTD OTHER 4.500000% 07/14/2028 | CUSIP: Y7280PAA1<br>LEI: 335800HUUTPY6YMI3284 | Long             | DBT              | NUSS              | IN        |    200000 | PA      | $188560.93    | 1.23%             | 2028-07-14      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Studio City Finance Limited                               | STUDIO CITY FINANCE LTD 6.500000% 01/15/2028                           | CUSIP: G85381AF1<br>LEI: 254900D6R731QAUIG324 | Long             | DBT              | NUSS              | MO        |    400000 | PA      | $395414.64    | 2.57%             | 2028-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Franshion Brilliant Limited                               | FRANSHION BRILLIANT LTD 4.250000% 07/23/2029                           | CUSIP: N/A<br>LEI: 549300E3ZP4GOU3D4G57       | Long             | DBT              | NUSS              | CN        |    200000 | PA      | $183124.74    | 1.19%             | 2029-07-23      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                                    | STANDARD CHARTERED PLC 4.750000% MATURITY: PERPETUAL                   | CUSIP: G84228EP9<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | NUSS              | GB        |    200000 | PA      | $182908.78    | 1.19%             | 2174-07-14      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE LIMITED                             | MELCO RESORTS FINANCE LTD 6.500000% 09/24/2033                         | CUSIP: G5975LAL0<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | NUSS              | HK        |    200000 | PA      | $192275.73    | 1.25%             | 2033-09-24      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                                    | STANDARD CHARTERED PLC 7.750000% MATURITY: PERPETUAL                   | CUSIP: G84228FJ2<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | NUSS              | GB        |    200000 | PA      | $204515.40    | 1.33%             | 2175-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| GLP China Holdings Limited                                | GLP CHINA HOLDINGS LTD MTN 7.750000% 04/30/2029                        | CUSIP: N/A<br>LEI: 254900C6X2D3TGF2CO98       | Long             | DBT              | NUSS              | CN        |    200000 | PA      | $159849.12    | 1.04%             | 2029-04-30      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Jinkai Investment Holdings Limited                        | JINKAI INVESTMENT HOLDINGS LTD ZERO COUPON 02/05/2031                  | CUSIP: N/A<br>LEI: 254900SACG78Z9C9V725       | Long             | DBT              | CORP              | HK        |    200000 | PA      | $184800.00    | 1.20%             | 2031-02-05      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| UPL CORPORATION LIMITED                                   | UPL CORP LTD 4.625000% 06/16/2030                                      | CUSIP: N/A<br>LEI: 213800AQLATW4WEEH674       | Long             | DBT              | NUSS              | IN        |    200000 | PA      | $176853.91    | 1.15%             | 2030-06-16      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| MGM China Holdings Limited                                | MGM CHINA HOLDINGS LTD 7.125000% 06/26/2031                            | CUSIP: G60744AJ1<br>LEI: 529900VZFN87OS7WJM66 | Long             | DBT              | NUSS              | MO        |    200000 | PA      | $204027.15    | 1.33%             | 2031-06-26      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Democratic Socialist Republic of Sri Lanka                | REPUBLIC OF SRI LANKA 3.600000% 02/15/2038                             | CUSIP: N/A<br>LEI: 254900IG6Y30I2QE2R92       | Long             | DBT              | NUSS              | LK        |    200000 | PA      | $176498.00    | 1.15%             | 2038-02-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| PT Kawasan Industri Jababeka Tbk                          | KAWASAN INDUSTRI JABABEKA TBK PT MTN 8.500000% 12/15/2027              | CUSIP: Y70908AA9<br>LEI: 254900JFBW45600V8I61 | Long             | DBT              | NUSS              | ID        |    180000 | PA      | $177750.00    | 1.16%             | 2027-12-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Rakuten Group, Inc.                                       | RAKUTEN GROUP INC 8.125000% MATURITY: PERPETUAL                        | CUSIP: J64264AM6<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | NUSS              | JP        |    200000 | PA      | $198103.63    | 1.29%             | 2174-06-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| MUTHOOT FINANCE LIMITED                                   | MUTHOOT FINANCE LTD MTN 6.375000% 04/23/2029                           | CUSIP: 62828M2D2<br>LEI: 335800HAMJMBFL4RRF02 | Long             | DBT              | NUSS              | IN        |    200000 | PA      | $198634.02    | 1.29%             | 2029-04-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| GLP PTE. LTD.                                             | GLP PTE LTD 9.750000% 05/20/2028                                       | CUSIP: Y2725FAK5<br>LEI: 254900PC2NNG9BLIJO15 | Long             | DBT              | NUSS              | SG        |    200000 | PA      | $163913.58    | 1.07%             | 2028-05-20      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| IRB INFRASTRUCTURE DEVELOPERS LIMITED                     | IRB INFRASTRUCTURE DEVELOPERS LTD 7.110000% 03/11/2032                 | CUSIP: N/A<br>LEI: 335800XGO3AITGW6AK27       | Long             | DBT              | NUSS              | IN        |    200000 | PA      | $200648.44    | 1.31%             | 2032-03-11      | Fixed         | 7.11%                 | No            |                  2 | On Loan: No      |
| LONGFOR GROUP HOLDINGS LIMITED                            | LONGFOR GROUP HOLDINGS LTD 3.375000% 04/13/2027                        | CUSIP: N/A<br>LEI: 254900UJX27B2F1JYR13       | Long             | DBT              | NUSS              | CN        |    200000 | PA      | $185337.25    | 1.21%             | 2027-04-13      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| LI & FUNG LIMITED                                         | LI & FUNG LTD 8.375000% 02/05/2029                                     | CUSIP: N/A<br>LEI: 254900B5ACVOJC6VNM71       | Long             | DBT              | NUSS              | HK        |    200000 | PA      | $200488.90    | 1.30%             | 2029-02-05      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| PT Sorik Marapi Geothermal Power                          | SORIK MARAPI GEOTHERMAL POWER PT 7.750000% 08/05/2031                  | CUSIP: Y7150KAA9<br>LEI: 254900OW9VKG09S8C597 | Long             | DBT              | NUSS              | ID        |    186660 | PA      | $185186.05    | 1.20%             | 2031-08-05      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| MUANGTHAI CAPITAL PUBLIC COMPANY LIMITED                  | MUANGTHAI CAPITAL PCL 6.875000% 09/30/2028                             | CUSIP: N/A<br>LEI: 254900ZI1FO2W9132C98       | Long             | DBT              | NUSS              | TH        |    200000 | PA      | $198496.44    | 1.29%             | 2028-09-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Golomt Bank JSC                                           | GOLOMT BANK 11.000000% 05/20/2027                                      | CUSIP: Y27906AA7<br>LEI: 549300QLH7BRA4EIZO16 | Long             | DBT              | NUSS              | MN        |    200000 | PA      | $202428.17    | 1.32%             | 2027-05-20      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| HEALTH AND HAPPINESS (H&H) INTERNATIONAL HOLDINGS LIMITED | HEALTH & HAPPINESS H&H INTERNATIONAL HOLDINGS LTD 9.125000% 07/24/2028 | CUSIP: N/A<br>LEI: 2138007WU5DJFZFDDV59       | Long             | DBT              | NUSS              | CN        |    200000 | PA      | $205719.74    | 1.34%             | 2028-07-24      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| NWD (MTN) LIMITED                                         | NWD MTN LTD 8.625000% 02/08/2028                                       | CUSIP: N/A<br>LEI: 254900STSWBVJ5FV9O74       | Long             | DBT              | NUSS              | HK        |    200000 | PA      | $187011.58    | 1.22%             | 2028-02-08      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| PIRAMAL FINANCE LIMITED                                   | PIRAMAL FINANCE LTD MTN 7.800000% 01/29/2028                           | CUSIP: N/A<br>LEI: 335800M751HM7MSTFQ19       | Long             | DBT              | NUSS              | IN        |    250000 | PA      | $251848.03    | 1.64%             | 2028-01-29      | Fixed         | 7.80%                 | No            |                  2 | On Loan: No      |
| CENTRAL PLAZA DEVELOPMENT LTD.                            | CENTRAL PLAZA DEVELOPMENT LTD 6.800000% 04/07/2029                     | CUSIP: N/A<br>LEI: 254900HLDKFNM2WUVJ54       | Long             | DBT              | NUSS              | CN        |    200000 | PA      | $197957.06    | 1.29%             | 2029-04-07      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-31

**Name of Applicant:** Krane Funds Advisors, LLC

**Signature:** Jonathan Krane

**Name of Signer:** Jonathan Krane

**Title:** CEO