Schedule B Dated March 22, 2019 to the Investment Advisory Agreement dated October 5, 2017 by and between KraneShares Trust and Krane Funds Advisors, LLC Securities Lending Fees

Exhibit 99(d)(3)

Schedule B

Dated March 22, 2019 

to the 

Investment Advisory Agreement dated October 5, 2017 

by and between KraneShares Trust and Xxxxx Funds Advisors, LLC 

Securities Lending Fees

As compensation for services provided by the Adviser in connection with securities lending-related activities of each Fund covered by the Agreement, except the Quadratic Interest Rate Volatility and Inflation Hedge ETF, a lending Fund shall pay to the Adviser 10% of the monthly investment income received from the investment of cash collateral and loan fees received from borrowers in respect of securities loans (net of any amounts paid to the custodian and/or securities lending agent or rebated to borrowers).

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