SOL Palantir US Treasury Covered Call Hybrid ETF to Pay 250 KRW per Share

Shinhan Asset Management announced on November 3 that the 'SOL Palantir Covered Call OTM Bond Hybrid' and 'SOL Palantir US Treasury Covered Call Hybrid' ETFs will pay monthly distributions of 210 KRW and 250 KRW per share, respectively. Based on the closing price on October 29, the day before the ex-dividend date, the annualized distribution rates are 25.4% and 17.6%, respectively.

The SOL Palantir US Treasury Covered Call Hybrid ETF increased its average monthly distribution by 100 KRW, from the previous 150 KRW to 250 KRW. It recorded the highest monthly distribution rate among domestic covered call ETFs.

Kim Gideok, Head of Quant & ETF Management at Shinhan Asset Management, stated, "Through a policy of maximizing the distribution of secured funds, the two SOL Palantir Covered Call ETF series have consistently maintained a high level of monthly distributions for six months since their listing." He added, "In the case of the SOL Palantir US Treasury Covered Call Hybrid, the increase in US long-term Treasury coupon interest and call option selling premiums enabled higher monthly distributions."

The SOL Palantir Covered Call ETF series has established itself as a monthly dividend strategy product that offers both profitability and stability. The net asset value of the SOL Palantir Covered Call OTM ETF, which was 8 billion KRW at the time of listing, surpassed 200 billion KRW within half a year. Cumulative net purchases by individual investors have reached 108 billion KRW.

Palantir (PLTR) is a global leader providing an AI-based data analytics platform, with a range of core products including the counter-terrorism and cyber response platform 'Gotham,' the supply chain and productivity optimization solution 'Foundry,' the operations automation platform 'Apollo,' and the enterprise generative AI solution 'AIP (AI Platform).'

It possesses a diverse portfolio of key products.

Kim explained, "By combining Palantir's data and analytics platform with Nvidia's AI hardware and model infrastructure, an integrated solution has been created that enables the real-time application of AI to complex operational systems in manufacturing, logistics, supply chains, and other areas for both businesses and governments."

The SOL Palantir Covered Call OTM Bond Hybrid ETF employs a strategy that partially participates in Palantir's share price gains while aggressively generating income through the sale of out-of-the-money (OTM) call options. The SOL Palantir US Treasury Covered Call Hybrid ETF seeks more stable monthly distribution income by allocating up to 30% to Palantir and adding a covered call strategy utilizing US long-term Treasury bonds.

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