KIWOOM 200 TR (294400) 🔎 In-depth
Kiwoom Asset Management · Equity · Korea · Broad market · Price 2026-08-06 · Analysis 2026-07-14
This is a leading domestic equity ETF managed by Kiwoom Asset Management that tracks the KOSPI 200 while automatically reinvesting the dividends from its holdings inside the index, using the 'TR (Total Return)' method. It invests broadly in Korea's 200 large-cap blue chips and, rather than paying received dividends out in cash, reinvests them to pursue a compounding effect — a low-cost core (central-holding) product. It listed on April 23, 2018.
This page organises public pricing and fund data for information purposes. It is not a recommendation to buy or sell, nor investment advice. Fees and distributions follow the manager's official disclosures and may change. Please verify with the fund manager's own materials and decide at your own responsibility.
Price as of 2026-08-06 close
USD values (market cap, AUM, turnover) are converted from KRW at ₩1,423.5 per US$ (2026-08-07); won figures are as reported. Market cap is listed units × market price, while AUM is the fund's net asset value — the two are close but not identical.
Returns & tracking as of 2026-08-06
| Period | ETF (NAV) | Index | Excess |
|---|---|---|---|
| 1M | -19.70% | -19.77% | +0.07% |
| 3M | -14.39% | -14.42% | +0.03% |
| 6M | +30.70% | +30.79% | -0.10% |
| 1Y | +131.01% | +131.21% | -0.20% |
| 3Y | +205.99% | +206.47% | -0.47% |
Returns are NAV-based (distributions not reinvested); the index is the provider's price index, and tracking error is the annualized standard deviation of daily NAV-minus-index return differences. Source: data.go.kr securities market-price API.
Fees & distributions
Fees prior fiscal year · Kiwoom Asset Mgmt official disclosure
Distributions
Distributions vary with fund performance; paying out more than income can reduce principal.
Understanding this ETF
The benchmark is the 'KOSPI 200 TR.' The KOSPI 200 is an index of 200 leading stocks selected from the securities market (KOSPI) for their large market cap and active trading, built by market-cap weighting and calculated by the Korea Exchange (KRX). When 'TR (Total Return)' is added, the calculation assumes that the cash dividends paid by the constituents are reinvested directly into the index. In other words, whereas the plain KOSPI 200 index reflects 'price only,' the TR index reflects 'price + dividend reinvestment.' This ETF tracks it using 'physical replication,' actually buying and holding those 200 stocks.
Being a plain (1x) product rather than leverage or inverse, if the KOSPI 200 rises 1% in a day this ETF also rises around 1%, and falls in the same direction. However, because it uses the TR method, dividends are not paid out in cash but reinvested inside the index, so over time it tends to outperform a plain KOSPI 200 product that 'tracks price only' by the amount of the dividends. On the other hand, it does not suit investors who want to receive dividends in cash. As a domestic asset it is not affected by exchange-rate movements.
This product combines a 'market-representative (core)' character that holds the entire Korean stock market at once with a TR type that pursues long-term compounding through dividend reinvestment. Its fees (management costs) are very low, so the cost burden is small the longer you hold it, and with the added dividend-reinvestment effect it is well suited to long-term holding. That said, even though it is called 'diversified,' the weighting in big semiconductor stocks is high, so if the semiconductor cycle turns the whole index can be shaken along with it — the same as other KOSPI 200 products. The fact that dividends are not received in cash can also be a drawback depending on preference.
On July 13, 2026 the closing price was ₩130,035 and the NAV was ₩129,662 so the closing price and NAV were nearly aligned, meaning the market price closely matched the actual asset value. The one-day change that day was -10.0%, falling sharply along with the KOSPI 200's correction. AUM (net assets) and market cap were each around ₩1.82 trillion.
In a word, it is a 'low-cost, long-term-holding basket that holds the KOSPI 200 while automatically rolling over the dividends it produces.' Since it tracks the whole market while reinvesting dividends to build compounding, it suits investors who want to park money for a long time rather than receive dividends in cash. As for what's actually inside, just remember that big semiconductor stocks such as Samsung Electronics and SK Hynix carry a high weighting.
Composition
The composition is the same as the KOSPI 200, so it is heavily tilted toward a few large caps. Because it uses market-cap weighting, larger companies carry larger weights, and the two big semiconductor stocks Samsung Electronics and SK Hynix account for a very large share of the index. They are followed by information technology (IT), autos such as Hyundai Motor and Kia, financials such as KB Financial and Shinhan Financial Group, and then large caps in batteries, bio, and industrials. It diversifies across Korean large caps broadly without the burden of picking individual stocks, but in practice the weights of the two semiconductor names are high, so it is heavily driven by semiconductor prices — the same as a plain KOSPI 200 product.
Classification
Notes & cautions
- As a TR (Total Return) type, dividends are not paid out in cash but reinvested inside the index. It may not suit those who want to receive dividends in cash.
- As a plain (1x) ETF it is neither leveraged nor inverse; principal is not guaranteed and losses can occur when the index falls.
ETF terms explained
Korea FSC securities market-price API (data.go.kr) · ETF classification & tagging: our own descriptive categorization
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