KODEX Tesla Covered Call Bond Mixed Active ETF Surpasses 300 Billion Won in Net Assets

Samsung Asset Management announced on April 30 that the "KODEX Tesla Covered Call Bond Mixed Active" ETF has reached 302.8 billion won in net assets.

The company analyzed that the product's structure, which combines Tesla stock and domestic bonds to enhance income stability while also offering a high level of monthly distributions, has consistently appealed to investors. This is attributed to recent expectations of a rebound in Tesla's stock price.

The ETF is a monthly distribution, asset allocation product consisting of 20% Tesla, 10% TSLY ETF (YieldMax Tesla Option Income Strategy), which is well-known for its Tesla covered call strategy, and 70% domestic bonds. The increased allocation to domestic bonds at 70% allows investors to potentially benefit from capital gains if interest rates fall, which has also been a strength. Since its listing, the ETF has paid out monthly distributions 15 times, with an average monthly yield of 1.25%. In fact, KODEX Tesla Covered Call Bond Mixed Active aims to provide an annual distribution rate of around 15% through its Tesla covered call strategy.

Despite high volatility in the US stock market since the beginning of the year due to external factors such as tariffs, KODEX Tesla Covered Call Bond Mixed Active recorded a return of -6.8% since the start of the year, ranking among the five Tesla-focused ETFs. The ETF performed relatively well in a volatile market.

Thanks to its high monthly distributions and stable performance, this product has recorded the highest net individual purchases among 51 domestic listed mixed/asset allocation ETFs since 2024, with 156.8 billion won. This exceeds the 154.7 billion won net individual purchases of the top 10 ETFs, indicating strong interest from individual investors.

Song Ahyun, manager at Samsung Asset Management, said, "We expect Tesla's stock price to trend upward again, driven by future growth strategies such as robotaxis and expectations for easing US-China tensions." She added, "This product is suitable for investors who prefer stable monthly dividend investments or wish to invest in Tesla as a safe asset in their pension accounts. We will continue to manage the fund to ensure stable monthly distributions going forward."

The KODEX Tesla Covered Call Bond Mixed Active ETF is a stable asset allocation product that invests 70% of its assets in domestic bonds. It can be used as a 100% safe asset in general pension accounts, as well as in retirement pension accounts such as DC/IRP. It can be a useful option for pension investors seeking to build a monthly dividend portfolio.