Title: kraneshares URL Source: https://docs.oppl.io/etf/IE00BKPJY434_07-07-2025.pdf Published Time: Fri, 18 Jul 2025 11:02:29 GMT Markdown Content: Page 1 of 2 # Key Investor Information This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this fund. You are advised to read it so you can make an informed decision about whether to invest. # KraneShares ICBCUBS SSE Star Market 50 Index UCITS ETF Class USD Shares ## KraneShares ICBCUBS SSE STAR Market 50 Index UCITS ETF (the “Fund”) ## Class USD Shares (ISIN: IE00BKPJY434) (the “Class”) ## A Fund of KraneShares ICAV (the “ICAV”). The Fund is managed by Waystone Management Company (IE) Limited (the “Manager”). ## Objectives and investment policy The Fund seeks to deliver the performance of publicly traded China Science and Technology Companies whose primary business or businesses involve science and technology. The Fund is passively managed and will seek to achieve its objective by tracking the performance of the SSE Science and Technology Innovation Board 50 Index (the “ Index ”). The Index includes the stocks and depositary receipts of the largest 50 companies by free-float market capitalisations that are listed on the SSE STAR Market. Under normal circumstances, the Fund invests at least 80% of its net assets in securities of China Science and Technology Companies or in depositary receipts representing securities of the Index. Depositary receipts are securities issued by a financial institution which evidence ownership interests in a security or a pool of securities deposited with the financial institution. The Fund seeks to hold all the securities of the Index with the approximate weightings that they have in the Index. The Fund seeks to create a near mirror image of the Index but may, in certain circumstances purchase securities that are not included in the Index. The Fund does not intend to use financial derivative instruments. Although the Index is generally well diversified, because of the market it reflects, depending on market conditions, the Fund may, in order to track the Index accurately, hold positions in individual constituents of the Index up to 20% of the Fund’s Net Asset Value. The Fund may exclude any security in the Index that the Investment Manager reasonably believes the Fund is not permitted to hold or acquire or reasonably expects not to be permitted to hold or acquire in the future due to legal, regulatory or similar reasons, including US government executive orders. The Fund’s investment policy and the nature of the Index means that the Investment Manager will not generally be able to take Sustainability Risks into account in making investment decisions. Save in exceptional circumstances, the Fund will only issue and redeem shares of the Fund (“ Shares ”) to certain institutional investors. However, other investors may purchase or sell Shares through brokers on one or more stock exchanges. The Shares trade on these stock exchanges at market prices which may fluctuate throughout the day. Market prices may be greater or less than the daily net asset value of the Fund. The Fund may engage in securities lending but does not intend to use repurchase agreements or total return swaps. The Fund may invest up to 10% of its net asset value in other regulated collective investment schemes, including other exchange traded funds. Shareholders may redeem Shares on any Business Day (as defined in the Fund supplement) and any other day at the Directors’ discretion provided Shareholders are notified in advance. A list of dealing days for the Fund is published on https://kraneshares.eu/. The Fund’s base currency and the class currency of this Class is U.S. Dollar. The Fund’s income will be reinvested and the Fund does not intend to declare dividends. Please refer to the ICAV’s prospectus and the supplement in respect of the Fund for more information. ## Risk and reward profile Lower risk Higher risk 1 2 3 4 5 6 7 Typically lower rewards Typically higher rewards The risk category above is not a measure of capital loss or gains but of how significant the rises and falls in the Fund's return are predicted to be. # • The risk reward category shown is based on historic data which may not be a reliable indication for future performance of the Fund. # • The risk category shown is not guaranteed and may shiftover time. # • The higher the category, the greater potential for reward, but also the greater the risk of losing the investment. # • The lowest category does not mean risk free. # • The Fund is in category 7. The Fund is in this category due to the nature of its investments and their recent price volatility. This means that the Shares may be subject to significant increases and decreases in price. Significant risks for the Fund not taken into account in this indicator include the following: # • Concentration Risk : The Fund may invest in a relatively small number of investments or concentrate its investments in a specific industry sector. As a result, investments may be more volatile than a more diversified investment. # • Country Concentration : As the Fund focuses its investments in a particular economic or geographical area, issues affecting these areas will have a greater effect on the Fund than if its investments were more diversified. This concentration may also limit the Shares’ liquidity. # • Index Tracking Risk : The Fund’s performance may not track the Index exactly. This can result from market fluctuations, changes in the composition of the Index, regulatory issues preventing the Fund from holding certain Index securities, transaction costs, the costs of making changes to the Fund’s portfolio and other Fund expenses. # • Liquidity Risk : In stressed market conditions, the nature of the Fund's assets may result in the Fund not being able to process all redemption requests in line with its usual procedures and timeframes. # • Emerging Market including China : Investments in emerging market including China may involve a higher risk of financial loss than investments in more developed countries due to lower liquidity and possible lack of adequate, legal, social, political and economic structures, protection and stability as well as uncertain tax positions. # • Equity Risk : The value of equity securities may go down as well as up in response to the performance of individual companies and general market conditions, sometimes rapidly or unpredictably. If a company goes through bankruptcy or a similar financial restructuring, its shares in issue typically lose most or all of their value. # • Index Related Risk : The Fund tracks the performance of the Index. As a result, the net asset value of the Fund's assets is directly dependent on the performance of the Index. Losses that could be avoided via active management will not be offset. For full details of the relevant risks reference should be made to the risk factors sections of the prospectus and supplement. Page 2 of 2 ## Charges The charges you pay are used to pay the costs of running the Fund, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment. One-off charges taken before or after you invest The entry and exit charges shown are maximum figures. In some cases you might pay less – you can find this out from your financial adviser. Entry and exit charges are not applicable to investors buying/selling Shares on a stock exchange, but such investors will do so at market prices and may be subject to broker fees and/or other charges. The ongoing charges figure is based on expenses for the year ended 31 December 2024. The ongoing charges figure is an estimate based on the expected total charges. This figure may vary from year to year. It excludes portfolio transaction costs, except in the case of an entry/exit charge by the Fund when buying or selling units in another collective investment scheme. For more information about charges, please make reference to fees and expenses section of the prospectus and supplement. Entry charge 0.00% Exit Charge 0.00% These are the maximum charges that we might take out of your money before it is invested and before we pay out the sale proceeds of your investment. In some cases, you might pay less and you should speak to your financial adviser about this. Charges taken from the Fund over a year Ongoing Charge 0.82% Charges taken from the Fund under specific conditions Performance Fee 0.00% ## Past performance > -38.3 > -18.2 > 5.6 > -36.8 > -12.3 > 13.6 > 2020 2021 2022 2023 2024 > -30% > -20% > -10% > 10% > Class USD Shares > SSE Science and Technology Innovation Board 50 Index (USD) You should be aware that past performance is not a guide to future performance. Performance data has been calculated including tax, ongoing charges and portfolio transaction costs and excluding entry and exit charges. Fund launch date: 26/05/2021. Share class launch date: 26/05/2021 Performance is calculated in: USD ## Practical information # • The Depositary is SEI Investments – Depositary and Custodial Services (Ireland) Limited. # • Further information about the Fund including copies of the prospectus, the supplement in respect of the Fund, annual audited reports and accounts (once available) and the most recent subscription and repurchase prices may be obtained in English free of charge from https://kraneshares.eu/. # • The indicative net asset value per share of the Fund is available on major market data vendor terminals, including Bloomberg, Reuters. # • Details of the Manager’s current remuneration policy are available on www.Waystone.com or alternatively a paper copy may be obtained, free of charge, at the registered office of the Manager, upon request. # • This key investor information document relates to the Class. More specific information about the Fund, including how to buy, sell and switch Shares, may be found in the prospectus and the supplement. # • The ICAV is structured as an umbrella fund with segregated liability between its Funds. This means that the assets and liabilities of each Fund are segregated by law, so that an investor should have no claims over the assets of a Fund in which they do not own shares. # • The ICAV is subject to the tax laws and regulations of Ireland. Depending on your country of residence, this might have an impact on your personal tax position. You are advised to seek professional tax advice. # • The Manager may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the prospectus and supplement for the Fund. This ICAV is authorised as a UCITS in Ireland and regulated by the Central Bank of Ireland. The Manager is authorised in Ireland and regulated by the Central Bank of Ireland. This Key Investor Information is accurate as at: 07/07/2025