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 Electric Vehicles & Future Mobility ESG Screened UCITS ETF Class USD Shares KraneShares Electric Vehicles & Future Mobility ESG Screened UCITS ETF (the “Fund”) Class USD Shares (ISIN: IE000YUAPTQ0) (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 companies that are engaged but may, in certain circumstances purchase securities that are not in or expected to derive significant revenues from the production of electric included in the Index. The Fund does not intend to use financial derivative vehicles, their components or in other initiatives that may change the future instruments. of mobility (“Electric Vehicle Companies”). Save in exceptional circumstances, the Fund will only issue and redeem The Fund is passively managed and will seek to achieve its objective by shares of the Fund (“Shares”) to certain institutional investors. However, tracking the performance of the Bloomberg Electric Vehicles ESG Screened other investors may purchase or sell Shares through brokers on one or Index (Total Return version (BBVET)) (the “Index”). Under normal more stock exchanges. The Shares trade on these stock exchanges at circumstances, the Fund invests at least 80% of its net assets in securities market prices which may fluctuate throughout the day. Market prices may or depositary receipts representing securities of the Index. The Index aims be greater or less than the daily net asset value of the Fund. The Fund to represent the performance of Electric Vehicle Companies. In order to bemay engage in securities lending but does not intend to use repurchase eligible for the Index, a security must (i) be a constituent of the Bloombergagreements or total return swaps. World Equity Aggregate Index (the “Base Index”); (ii) belong to the vehicles, electric vehicle components, batteries, hydrogen fuel cells, or raw materials The Fund may invest up to 10% of its net asset value in other regulated sectors of the Base Index; (iii) have a minimum capitalisation of US$500 collective investment schemes, including other exchange traded funds. million; and (iv) have a 90-calendar day average daily traded value of US$5 Shareholders may redeem Shares on any Business Day (as defined in million. the Fund supplement) and any other day at the Directors’ discretion The Index also screens out companies involved in environmental, socialprovided Shareholders are notified in advance. A list of dealing days for and governance (“ESG”) controversies and controversial business activities. the Fund is published on https://kraneshares.eu/. The Fund seeks to promote a combination of ESG characteristics, within theThe Fund’s base currency and the class currency of this Class is U.S. meaning of Article 8 of the Dollar. The Fund’s income will be reinvested and the Fund does not Sustainable Finance Disclosure Regulation. The Fund seeks to hold all the intend to declare dividends. securities of the Index with the approximate weightings that they have in the Please refer to the ICAV’s prospectus and the supplement in respect of Index. The Fund seeks to create a near mirror image of the Index the Fund for more information.Risk and reward profile Lower risk Higher risk holding certain Index securities, transaction costs, the costs of making changes to the Fund’s portfolio and other Fund expenses. 1 2 3 4 5 6 7• Emerging Market including China: Investments in emerging market including China may involve a higher risk of financial loss than Typically lower rewards Typically higher rewards investments in more developed countries due to lower liquidity and The risk category above is not a measure of capital loss or gains but of possible lack of adequate, legal, social, political and economic how significant the rises and falls in the Fund's return are predicted to be.structures, protection and stability as well as uncertain tax positions. • The risk reward category shown is based on historic data which may • Liquidity Risk: In stressed market conditions, the nature of the Fund's not be a reliable indication for future performance of the Fund. assets may result in the Fund not being able to process all redemption requests in line with its usual procedures and timeframes. • The risk category shown is not guaranteed and may shift over time. • The higher the category, the greater potential for reward, but also the • Equity Risk: The value of equity securities may go down as well as up greater the risk of losing the investment.in response to the performance of individual companies and general market conditions, sometimes rapidly or unpredictably. If a company • The lowest category does not mean risk free. goes through bankruptcy or a similar financial restructuring, its shares • The Fund is in category 7. The Fund is in this category due to the in issue typically lose most or all of their value. nature of its investments and their recent price volatility. This means that the Shares may be subject to significant increases and decreases • Sustainability Risk: Sustainability factors can pose risks to in price. investments, for example: impact asset values, increased operational Significant risks for the Fund not taken into account in this indicator include costs, unforeseen liabilities and penalties, loss of access to the following: markets/customers, and reputational damage. • Concentration Risk: The Fund may invest in a relatively small number• Index Related Risk: The Fund tracks the performance of the Index. of investments or concentrate its investments in a specific industry As a result, the net asset value of the Fund's assets is directly sector. As a result, investments may be more volatile than a more dependent on the performance of the Index. Losses that could be diversified investment. avoided via active management will not be offset. • Country Concentration: As the Fund focuses its investments in a • Risk related to Stock Connect Programs: The Fund may be particular economic or geographical area, issues affecting these areasinvesting in China A Shares via the Shanghai – Hong Kong Stock will have a greater effect on the Fund than if its investments were more Connect and the Shenzhen-Hong Kong Stock Connect which may diversified. This concentration may also limit the Shares’ liquidity. entail additional clearing and settlement, regulatory, operational and • Index Tracking Risk: The Fund’s performance may not track the Indexcounterparty risks. exactly. This can result from market fluctuations, changes in the For full details of the relevant risks reference should be made to the composition of the Index, regulatory issues preventing the Fund from risk factors sections of the prospectus and supplement. Page 1 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 Entry charge 0.00% adviser. Entry and exit charges are not applicable to investors buying/selling Exit Charge 0.00% 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. These are the maximum charges that we might take out of your money before it is The ongoing charges figure is based on expenses for the year ended invested and before we pay out the sale proceeds of your investment. In some cases, 31 December 2024. The ongoing charges figure is an estimate based you might pay less and you should speak to your financial adviser about this. on the expected total charges. This figure may vary from year to year. Charges taken from the Fund over a 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 Ongoing Charge 0.72% collective investment scheme. For more information about charges, please make reference to Charges taken from the Fund under specific conditionsfees and expenses section of the prospectus and supplement. Performance Fee 0.00% Past performance You should be aware that past performance is not a guide to future performance. Performance data has been calculated including tax, ongoing charges -5% and portfolio transaction costs and excluding entry and exit charges. -7.6 -7.2 Fund launch date: 25/05/2022. -10% Share class launch date: 26/05/2022 Performance is calculated in: USD -15% -16.6 -18.7 20202021 2022 2023 2024Class USD SharesBloomberg Electric Vehicles ESG Screened Index (Total Return version (BBVET)) 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: 20/02/2025 Page 2 of 2