Timefolio Asset Management, a domestic active exchange-traded fund (ETF) manager, said on the 23rd it will pay a 1% special dividend as of the end of December for its domestic monthly payout product, TIMEFOLIO Korea Plus Dividend Active ETF.
Timefolio said the ETF carried out a special dividend last year for the first time in the domestic ETF industry and will pay a special dividend for the second time this year. The decision aims to share with investors the fund's performance this year and return it as a definitive revenue.
The ETF increased its weighting in market-leading large caps such as Samsung Electronics and SK hynix, and expanded exposure to financial holding companies expected to offer high dividends, including KB Financial Group and BNK Financial Group, rising 48% year to date including dividends.
New investors can also receive the special dividend. If they buy the ETF by Dec. 26, the day before it goes ex-dividend, they can secure a total dividend return of about 1.5% in a short period by combining the previously scheduled regular dividend in early January (about 0.5%).
Kim Nam-ho, head of ETF management at Timefolio Asset Management, said, "We will continue to do our best to become a shareholder-friendly manager that consistently generates strong results through differentiated active strategies and shares them with investors."
Meanwhile, TIMEFOLIO Korea Plus Dividend Active ETF is an active ETF that pursues both stable "monthly dividend revenue" and "excess returns" through active management. Based on a portfolio centered on domestic blue chips and high-dividend stocks, it provides investors with stable monthly cash flow and targets capital gains above the market.