'KIWOOM Samsung Electronics & SK hynix Bond Blended 50' ETF to Pay 146 Won per Share in October Distribution

October distribution of 146 won per share
Distributions of at least 100 won per share for six consecutive months

Kiwoom Asset Management said on October 13 that the KIWOOM Samsung Electronics & SK hynix Bond Blended 50 ETF will pay a monthly distribution of 146 won per share in October.

The distribution rate for October is 1.28%, based on the closing net asset value (NAV) on October 12. The record date for the distribution is October 15, and the payment will be made on October 19. Investors who buy the ETF by October 13 will be eligible to receive the distribution.

The ETF will have paid distributions of at least 100 won per share for six consecutive months, starting in May, when it made its first distribution since its listing in April. Including this month's distribution, the cumulative distributions over the six months total 907 won per share.

The KIWOOM Samsung Electronics & SK hynix Bond Blended 50 ETF invests 25% each in Samsung Electronics and SK hynix, two leading domestic semiconductor companies, and 50% in short-term domestic bonds. The structure seeks to capture the growth potential of leading semiconductor companies while using bonds to reduce portfolio volatility.

The product uses a "performance-linked special distribution" strategy, drawing on dividends from Samsung Electronics and SK hynix and interest income from bonds as its core sources of distributions, while also using gains from stock trading as an additional source. It is designed to allow the fund to sell some of its holdings and distribute the realized gains when the ETF's net asset value (NAV) exceeds a set threshold. This allows investors to receive gains realized through the ETF's management as distributions without having to decide when to sell shares themselves.

The record date for distributions is the 15th of each month, providing mid-month cash flow. Used alongside ETFs that pay distributions at the end of the month, it can help investors structure cash flow by receiving distributions both mid-month and at month-end.

In addition, this is a bond blended ETF with a 50% allocation to stocks, and it can be held in full, up to 100% of invested funds, in defined contribution (DC) and individual retirement pension (IRP) accounts.

Lee Kyungjun, head of ETF Management at Kiwoom Asset Management, said, "This product is distinguished by realizing gains from increases in the share prices of Samsung Electronics and SK hynix under certain conditions and using them as a source of distributions." He added, "Since its listing, it has paid distributions of at least 100 won per share for six consecutive months, providing investors with meaningful cash flow."

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