3 Investment Strategy KMLM is benchmarked to the KFA MLM Index, which consists of a portfolio of twenty-two liquid futures contracts traded on U.S. and foreign exchanges. The Index includes futures contracts on 11 commodities, 6 currencies, and 5 global bond markets. These three baskets are weighted by their relative historical volatility, and within each basket, the constituent markets are equal dollar weighted. KMLM Features • Access to managed futures through a liquid and low-cost ETF structure 1 • Managed futures are considered alternative investments and may provide additional diversification and decrease volatility when included within traditional equity/bond portfolios 2 • A potential hedge on equity, bond, and commodity risk • Sub-advised by Mount Lucas Management, who in 1988 created the MLM Index, the first passive index to measure the returns to risk bearing in futures markets 3 KMLM Partner Mount Lucas Management, the sub-advisor of KMLM, is a Newtown, PA based asset manager founded in 1986. Since its founding, Mount Lucas has provided innovative alternative investment strategies to institutional and high-net-worth investors that enhance and diversify traditional investments. Mount Lucas’ investment professionals have extensive experience in the development and use of systematic investment strategies that access alternative risk premia as well as a long history of discretionary macro trading and risk taking. 3 KMLM KraneShares Mount Lucas Managed Futures Index Strategy ETF 1. Buying and selling shares of the KFA Mount Lucas Index Strategy ETF may result in brokerage commissions. 2. Diversification does not ensure a profit or guarantee against a loss. 3. Source: Mount Lucas Management