KraneShares

KraneShares 90% KWEB Defined Outcome January 2027 ETF is an exchange-traded fund designed to provide defined-outcome exposure to the Chinese internet sector through the KraneShares CSI China Internet ETF. The fund seeks to deliver the price return of KWEB up to a predetermined cap while offering a 90% downside buffer over its outcome period by combining holdings in the underlying ETF with FLEX options. It is structured as a non-diversified, actively managed strategy and is intended for investors looking for a capped participation approach tied to a specific market segment rather than broad market exposure. The ETF plays a niche role in the market by packaging hedged, options-based exposure to China-focused digital and internet companies within a single fund.