KraneShares Trust - KraneShares Mount Lucas Managed Futures Index Strategy ETF is an exchange traded fund launched and managed by Krane Funds Advisors, LLC. The fund is co-managed by Mount Lucas Index Advisers LLC. It invests in fixed income, commodity, and currency markets of global region. For its fixed income portion, it invests through derivatives and through other funds in debt instruments including government securities and corporate or other non-government fixed-income securities with maturities of up to 12 months. For its currency portion, it invests through derivatives in British pound, Canadian dollar, Australian dollar, Euro, Japanese Yen, and Swiss francs. For its commodity portion, the fund invests through derivatives in corn, crude oil, copper, gold, heating oil, cattle, natural gas, soybeans, sugar, wheat and gasoline. It uses derivatives such as futures to create its portfolio. The fund also invests in futures contracts on commodities through its wholly owned subsidiary. It seeks to track the performance of the KFA MLM Index. KraneShares Trust - KraneShares Mount Lucas Managed Futures Index Strategy ETF was formed on December 1, 2020 and is domiciled in the United States.