Mirae Asset to Pay 215 Won June Dividend for TIGER Semiconductor TOP10 Covered Call Active ETF

Mirae Asset Global Investments announced on June 11 that the 'TIGER Semiconductor TOP10 Covered Call Active' Exchange Traded Fund (ETF) will pay a dividend of 215 won per share for the June distribution.

This dividend is equivalent to a monthly yield of approximately 1.5% based on the closing price on June 10. Investors who purchase the ETF by June 11 will be eligible to receive the dividend on June 17.

TIGER Semiconductor TOP10 Covered Call Active is a monthly distribution product that invests in leading domestic semiconductor companies such as Samsung Electronics and SK hynix, utilizing option premiums as a source of distribution. Notably, domestic stock option premiums are tax-exempt, meaning that dividend income tax is not imposed and they are also excluded from the comprehensive financial income taxation. As a result, investors can receive stable monthly distributions while reducing their tax burden.

The most distinctive feature of this ETF is its ability to flexibly manage its option strategy in response to market conditions. Unlike general covered call ETFs that continuously sell a fixed level of options, this fund adjusts its strategy to more actively participate in stock price appreciation when a market uptrend is anticipated.

The benefits of active management are also evident in its portfolio construction. This ETF effectively increases its actual investment weight in leading semiconductor stocks by utilizing not only equities but also ETF and futures exposures. For example, as of June 5, the weighting of SK hynix stock in the portfolio was 21.0%, but the actual investment weight including ETF and futures exposures reached 29.5%. Similarly, the weighting for Samsung Electronics increased from 22.5% in equities to 25.8% in actual investment.

Jung Euihyun, Head of ETF Management Division at Mirae Asset Global Investments, stated, "TIGER Semiconductor TOP10 Covered Call Active is a product that offers both the growth momentum of the semiconductor sector and stable monthly cash flow. Through a flexible option selling strategy tailored to market conditions, we aim to actively participate in the semiconductor super cycle uptrend while continuously providing steady distributions and maximizing tax efficiency with tax-exempt option premiums."

This content was produced with the assistance of AI translation services.