"TIGER Dividend Covered Call Active" To Pay Special Monthly Distributions of Around 2% in First Half
by Kim Youngwon
Published 19 Feb.2026 10:37(KST)
The Only Domestic Equity Active Covered Call ETF
Ranked No. 1 in Distribution Yield Among Domestic Equity Covered Call ETFs in January
Mirae Asset Global Investments announced on February 19 that the "TIGER Dividend Covered Call Active ETF" plans to pay special distributions of up to 2% per month during the first half of this year.
According to the Korea Exchange, the "TIGER Dividend Covered Call Active ETF" posted a return of 32.85% in the second half of last year, outperforming its benchmark, the KOSPI 200 Covered Call 5% OTM Index, which returned 25.77%. Based on this performance, the distribution yield for January stood at 1.93%, ranking first among domestic equity covered call ETFs, and the cumulative net purchases by individual investors since the beginning of the year exceeded 100 billion won. In particular, the first distribution in January 2024 was 62 won per share and has recently grown to 320 won per share in January, continuing its distribution growth trend.
This ETF expanded its previous special distribution policy, which was applied at quarter-end, and has been paying special distributions of up to 2% at the end of every month since July 2025. The company explained that, rather than simply pursuing a high payout ratio, it aims for an appropriate distribution level based on investment performance and is maintaining a sustainable distribution policy. It plans to pay special distributions in the first half of 2026 as well, based on its performance in the second half of 2025.
The strong performance is attributed to an active portfolio focused on dividend growth and a flexible covered call strategy tailored to market conditions. The covered call strategy flexibly adjusts the proportion of call options sold and strike prices depending on the market environment; when a bullish market is expected, it lowers the proportion of options sold to increase participation in the upside. As a result of enhancing its participation in market gains, the ETF has recorded a cumulative return of 126.42% since listing, as of the 13th.
The portfolio is constructed by comprehensively considering industry growth potential, dividend growth, and share buybacks. Major holdings include Samsung Electronics (20.4%), SK Hynix (16.2%), and Samsung Electronics Preferred (5.96%), and it is managed with a concentrated portfolio of around 100 stocks compared with the KOSPI 200. The ETF also actively invests in preferred shares of major companies with high dividend yields.
Mirae Asset Global Investments has built up management expertise in line with market conditions based on covered call strategies. The "TIGER 200 Target Weekly Covered Call ETF," which also employs a covered call strategy, has maintained the lowest option-selling ratio (within 10%) among domestic KOSPI 200 covered call ETFs and, as a result, has delivered a return of 66.87% since its listing in September 2025. Its first distribution at listing was 62 won per share, which has recently increased to 92 won per share in February.
Jung Eehyun, Head of ETF Management at Mirae Asset Global Investments, said, "The 'TIGER Dividend Covered Call Active ETF' is the only domestic equity-type active covered call ETF that pays special distributions based on investment performance," adding, "On the back of its strong performance in the second half of last year, it is now able to pay distributions of up to 2% per month in the first half of this year."
He added, "We will establish this product as the leading monthly dividend ETF that simultaneously pursues distribution growth through steady income and active participation in share price appreciation."
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