UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a)

of the Securities Exchange Act of 1934

(Amendment No.    )

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KraneShares Trust

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        AST Fund Solutions, LLC 55 Challenger Road, Suite 201 Ridgefield Park, NJ 07660

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August 15, 2017

Dear Shareholder,

RE: KraneShares Bosera MSCI China A Share ETF (“KBA”)

KraneShares Zacks New China ETF (“KFYP”)

KraneShares CSI China Internet ETF (“KWEB”)

KraneShares E Fund China Commercial Paper ETF (“KCNY”)

KraneShares FTSE Emerging Markets Plus ETF (“KEMP”)

We have been trying to contact you regarding an important matter pertaining to your investment in one of the above listed Funds. This matter relates to an important operational initiative for the Fund and we urgently need your response.

Please call us today regarding this matter. The call will only take a few moments of your time, and you will not be asked to provide any confidential information.

Our number is (877) 283-0320 and our representatives are available between 9:00 a.m. and 10:00 p.m., Eastern Time, Monday through Friday. When you call, please have available the reference number listed below.

Thank you in advance for your assistance.

REFERENCE NUMBER: 123456789