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KraneShares Trust - KraneShares China Internet and Covered Call Strategy ETF is an exchange traded fund launched and managed by Krane Funds Advisors, LLC. The fund invests in public equity markets of China. It invests directly and through derivatives in stocks of companies operating across internet, communication services, telecommunication services, diversified telecommunication services, integrated telecommunication services, internet service provider, information technology, software and services, software, application software, internet software sectors. The fund uses derivatives such as FLexible EXchange options that reference the performance of the KraneShares CSI China Internet ETF to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization. KraneShares Trust - KraneShares China Internet and Covered Call Strategy ETF was formed on January 12, 2023 and is domiciled in the United States.