# Krane Funds Advisors, LLC

> Krane Funds Advisors, LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2013, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated July 24, 2026.

- CRD: 157103
- Filed as: KRANE FUNDS ADVISORS, LLC
- Also doing business as: KRANESHARES
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: July 24, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/157103
- AdvisorCensus page: https://advisorcensus.com/firm/krane-funds-advisors-llc-new-york-ny-157103

## Quick answers

**How is Krane Funds Advisors, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Krane Funds Advisors, LLC reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Krane Funds Advisors, LLC located?**
Krane Funds Advisors, LLC's principal office is in New York, NY, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Krane Funds Advisors, LLC registered with the SEC or a state?**
Krane Funds Advisors, LLC is an SEC-registered investment advisory firm, registered since 2013. Status as filed: Approved. CRD 157103.

**How much does Krane Funds Advisors, LLC manage?**
Krane Funds Advisors, LLC reports $11,570,871,107 in regulatory assets under management in its Form ADV filing dated July 24, 2026 (100% discretionary).

**How have Krane Funds Advisors, LLC's assets and staff changed since 2021?**
In the Form ADV data for Krane Funds Advisors, LLC: Regulatory assets under management: $6,545,899,592 in the October 2021 data and $11,570,871,107 in the October 2026 data, up 77%. Total employees: 39 in October 2021 and 50 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Krane Funds Advisors, LLC serve?**
By number of clients on Form ADV Item 5.D: investment companies (36); other (10); pooled investment vehicles (other than investment companies and business development companies) (6).

**Which custodians does Krane Funds Advisors, LLC use?**
Krane Funds Advisors, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Krane Funds Advisors, LLC report any disciplinary disclosures?**
Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/157103

**What changed in Krane Funds Advisors, LLC's recent Form ADV filings?**
In the August 2026 filing data: No longer lists an office in London. Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $11,570,871,107
- Discretionary: $11,570,871,107
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Investment companies | 36 | $10,284,026,510 |
| Pooled investment vehicles (other than investment companies and business development companies) | 6 | $1,286,693,234 |
| Other | 10 | $151,363 |

### Advisory services (Item 5.G)
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Selection of other advisers (including private fund managers)
- Other

### Firm details
- Registered since: 2013 (13 years)
- Employees: 50 total, 12 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, NY
- Disclosures (Item 11): Reports 1 disclosure item on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/157103

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- London

### Websites listed on Form ADV (Item 1.I)
- [chinalastnight.com](https://chinalastnight.com)
- [climatemarketnow.com](https://climatemarketnow.com)
- [kfafunds.com](https://kfafunds.com)
- [kraneshares.ae](https://kraneshares.ae)
- [kraneshares.com](https://kraneshares.com)
- [kraneshares.com.br](https://kraneshares.com.br)
- [kraneshares.eu](https://kraneshares.eu)
- [portfolios.kraneshares.com](https://portfolios.kraneshares.com)
- [substack.com/@kraneshares](https://substack.com/@kraneshares)
- Facebook @KraneShares
- Instagram @kraneshares
- LinkedIn @kraneshares
- LinkedIn @kfa-funds
- TikTok @kraneshares
- X @chinalastnight
- X @KRANESHARES
- YouTube @Kraneshares

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $6,545,899,592 | 39 | August 27, 2021 |
| October 2022 | $13,413,976,974 | 45 | March 31, 2022 |
| October 2023 | $10,230,868,216 | 51 | March 31, 2023 |
| October 2024 | $8,685,571,005 | 47 | March 27, 2024 |
| October 2025 | $7,945,815,741 | 50 | March 31, 2025 |
| October 2026 | $11,570,871,107 | 50 | July 24, 2026 |

Regulatory assets under management: $6,545,899,592 in the October 2021 data and $11,570,871,107 in the October 2026 data, up 77%.
Total employees: 39 in October 2021 and 50 in October 2026.

## Changes in the filing (last 12 months)

### August 2026
- No longer lists an office in London.
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Employees performing advisory functions went from 13 to 12.
- Regulatory assets under management went from $7,945,815,741 to $11,570,871,107 (+46%).
- No longer lists an office in San Francisco, CA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Krane Funds Advisors, LLC (CRD 157103): Form ADV filing data as of October 2026.