Mirae Asset to Pay KRW 425 September Distribution for 'TIGER Dividend Covered Call Active ETF'

The dividend covered call active ETF from Mirae Asset Global Investments, which holds the top spot in returns among domestically listed covered call ETFs, has finalized its September distribution.

On September 28, Mirae Asset Global Investments announced that the 'TIGER Dividend Covered Call Active' ETF will pay out KRW 425 as its September distribution. The September distribution will be paid to investors who purchase the ETF by the 28th.

Since introducing a special distribution in the second half of last year, the ETF has paid out monthly distributions at around a 2% level. According to the Korea Exchange, the cumulative return, including distributions, since the beginning of the year has reached 85.19%, ranking number one among domestically listed covered call ETFs.

The TIGER Dividend Covered Call Active ETF utilizes an active strategy that flexibly adjusts the proportion and strike price of call option sales according to market conditions, while investing in leading domestic companies with high dividend growth potential. When an upward market is anticipated, the ETF lowers the proportion of option sales to increase participation in the growth of underlying assets, thus aiming to achieve both capital gains and monthly cash flows.

The portfolio is built by comprehensively considering factors such as industry growth potential, dividend growth, and share buybacks, focusing investments on approximately 90 stocks — a more concentrated selection than the KOSPI 200. The strategy also actively invests in preferred shares with high dividend yields to further enhance dividend income.

Another distinguishing feature is that the majority of the ETF’s distributions are derived from capital gains on domestic stock trades and option premium income, resulting in a high proportion of tax-free distributions. Over the past year, 96.5% of the distributions paid out have been tax-exempt, drawing interest from investors who are mindful of the comprehensive financial income tax or national health insurance premiums.

Lee Junghwan, Head of the Strategic ETF Management Division at Mirae Asset Global Investments, said, "TIGER Dividend Covered Call Active ETF is the first actively managed covered call ETF focused on domestic equities, and is delivering the best performance among covered call ETFs through active management. Based on these operational results, we will do our utmost to ensure that the special distributions help investors secure stable cash flows."

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