Krane Shares Trust

05/21/2026 | Press release | Distributed by Public on 05/21/2026 12:58

Prospectus by Investment Company (Form 497)

KRANESHARES TRUST

KraneShares Artificial Intelligence and Technology ETF
(the "Fund")

Supplement dated May 21, 2026, to the Fund's Summary Prospectus, Statutory Prospectus and Statement of Additional Information,
each dated August 1, 2025, as each may be supplemented and amended from time to time.

Capitalized terms and certain other terms used in this supplement, unless otherwise defined in this supplement, have the meanings assigned to them in the Prospectus and Statement of Additional Information.

Effective June 1, 2026, the name of the Fund is changing to "KraneShares Public-Private AI & Technology ETF." As of that date, all references to "KraneShares Artificial Intelligence and Technology ETF" are hereby replaced with "KraneShares Public-Private AI & Technology ETF".

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.

Krane Shares Trust published this content on May 21, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on May 21, 2026 at 18:58 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]