KraneShares 2X Long BABA Daily ETF​

The KraneShares 2x Long BABA Daily ETF (KBAB) is an exchange-traded fund designed to deliver daily investment performance that mirrors two hundred percent (200%) of the daily price movement of Alibaba Group Holding Limited's (NYSE: BABA) American Depositary Receipt (ADR), prior to the deduction of fees and expenses. To achieve this magnified exposure, the fund strategically employs various derivative instruments, including swap agreements and options.