Samsung Asset Management's KODEX Tesla Covered Call Bond Mixed Active Net Assets Surpass 200 Billion KRW

Samsung Asset Management announced on the 24th that the net assets of the KODEX Tesla Covered Call Bond Mixed Active Exchange-Traded Fund (ETF) reached 202.2 billion KRW just over nine months after its listing.

Despite the high volatility in Tesla's stock price since its listing, the KODEX Tesla Covered Call Bond Mixed Active recorded a 2.97% return, demonstrating stable performance as an asset allocation product utilizing a covered call strategy. This product is a monthly distribution asset allocation product composed of 20% Tesla, 10% TSLY ETF?well known as a Tesla covered call product?and 70% domestic bonds, and it has paid out a total of eight monthly distributions since its listing.

In fact, the KODEX Tesla Income Premium Bond Mixed Active aims to pay an annual distribution rate of around 15% through the Tesla covered call strategy. With 70% investment in physical domestic bonds, it expects additional capital gains from interest income and potential price appreciation due to interest rate cuts.

Supported by these high monthly distributions and stable performance, this product has recorded the highest net individual purchases of 118.7 billion KRW among the four domestic Tesla-focused ETFs this year. This amount exceeds the combined net individual purchases of the other three products. Additionally, it has the largest net asset size among 43 asset allocation (multi-asset) ETFs composed of stocks and bonds.

Kwon Yong-hyun, a manager at Samsung Asset Management, explained, “Among investors who expect concerns about the electric vehicle chasm to subside and Tesla’s stock price to resume an upward trend, those who prefer stable monthly dividend investments or want to invest in Tesla as a safe asset in pension accounts are continuously purchasing related ETFs. Investors who have confirmed the actual payment of monthly distributions at an annual rate of around 15%, the largest scale among domestic monthly dividend ETFs, are showing sustained buying interest in the KODEX Tesla Covered Call Bond Mixed Active.”

The KODEX Tesla Covered Call Bond Mixed Active ETF is a stable asset allocation product investing 70% of assets in domestic bonds and can be invested 100% through general pension accounts as well as retirement pension accounts such as DC/IRP. It can be effectively used by pension investors who want to build a monthly dividend portfolio using equity assets.

Meanwhile, this product is a monthly distribution ETF based on the last business day of each month. If purchased by the 29th of this month, distribution payments are available.