VI Asset Management Launches Target Maturity Fund

Government Bond Split Purchase & Samsung Electronics and IPOs

VI Asset Management announced on June 2 that it will launch the "Government Bond Split Purchase & Samsung Electronics and IPO" target maturity fund.

Last year, VI Asset Management combined a government bond split purchase strategy with IPO and high-dividend strategies, attracting approximately 450 billion KRW. The company is now introducing a fund that combines individual stock strategies focused on Samsung Electronics and IPOs. The fund aims to generate interest income and capital gains from stable investments in government bonds and monetary stabilization bonds, especially when interest rates decline. It is a target maturity fund with a target return of 6% (based on Class A) by investing in Samsung Electronics and IPOs.

The "VI Government Bond Split Purchase & Samsung Electronics and IPO Target Maturity No. 1" fund is a mixed bond fund, which at inception invests in 3-year government bonds and monetary stabilization bonds in the bond segment. As uncertainty increases, there may be temporary rebounds in market interest rates. The fund flexibly adjusts allocations among 3-year, 5-year, and 10-year government bond maturities based on market conditions and the yield curve, seeking optimal capital gains.

In the equity segment, the fund invests up to 30% of net assets in Samsung Electronics and IPOs to generate additional returns. For Samsung Electronics, the fund increases its allocation when the price-to-book ratio (PBR) falls below 1.0, and decreases it when the PBR exceeds 1.0. For IPOs, the fund seeks to increase allocations by making firm commitments to IPOs with high potential for price appreciation, and generates returns through strategic lock-up periods.

When the target price of 1,060 KRW (based on Class A) is reached, the fund will shift its investments to high-quality short-term and ultra-short-term bond funds, money market funds (MMFs), and other liquidity assets, primarily focusing on government and monetary stabilization bonds. The fund aims to manage returns stably and respond smoothly to redemption requests. A redemption fee of approximately 3% of the redemption amount will be charged for redemptions within 90 days of subscription; after 90 days, redemptions can be made freely without any redemption fee.