KraneShares 2x Long BIDU Daily ETF (KraneShares 2x Long BIDU Daily ) ETF

Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in the Underlying Stock and financial instruments, such as swap agreements and options, that, in combination, provide investment exposure to 2 times (200%) the performance of the Underlying Stock. The fund is non-diversified.