Mirae Asset Global Investments Pays First Distribution of 170 Won for TIGER Semiconductor TOP10 Covered Call Active ETF

The "TIGER Semiconductor TOP10 Covered Call Active" exchange-traded fund (ETF) by Mirae Asset Global Investments will pay its first distribution of 170 won per share since listing. This comes approximately one month after its listing on April 21.

On May 13, Mirae Asset Global Investments announced that the ETF’s first distribution had been set at 170 won per share. Based on the closing price as of May 12, this corresponds to a monthly yield of 1.27%. Investors wishing to receive the distribution must purchase the ETF by May 13. The record date is May 15, and the actual payment is scheduled for May 19.

The TIGER Semiconductor TOP10 Covered Call Active ETF invests in major domestic semiconductor companies and utilizes option premiums secured through covered call selling as its distribution source. Notably, the “domestic equity option premium” portion of the distribution is tax-exempt, meaning the 15.4% dividend income tax is not applied and it is also excluded from the comprehensive financial income taxation base.

From a management perspective, the fund employs an active strategy that allows for flexible response to market conditions. Recently, Samsung Electro-Mechanics and SK Square were newly included at approximately 7% and 6% weights, respectively, expanding the number of holdings to 12. While maintaining a combined allocation of over 50% to Samsung Electronics and SK hynix as its core structure, the investment scope has broadened to encompass the entire AI semiconductor value chain.

The option management strategy is also flexible. During rising markets, the fund adjusts the proportion of option selling to track the upward index, while in falling or sideways markets, it increases the selling weight to secure stable distribution resources. In addition, the fund is designed to primarily utilize single stock options, which generally have higher premiums than KOSPI 200 index options with the same maturity, allowing it to pursue higher distributions while lowering the overall proportion of option selling.

Investor funds have continued to flow in. On the listing day, individual investors recorded a net purchase of 83.2 billion won, and as of May 11—just over a month after launch—the net asset value surpassed 400 billion won, demonstrating rapid capital inflows.

Jung Huihyeon, Head of ETF Management Division at Mirae Asset Global Investments, stated, "This first distribution marks the starting point of our product strategy, which simultaneously pursues the growth potential of Korea’s semiconductor sector and monthly cash flows," adding, "Going forward, we will continue to ensure stable distribution flows through active management while reflecting growth opportunities across the AI semiconductor value chain."

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