ACE US S&P 500 (360200) 🔎 In-depth
Korea Investment Management · Equity · United States · Broad market · Price 2026-08-06 · Analysis 2026-07-14
This is an ETF built to track the 'S&P 500,' the index of 500 leading US corporations, directly. As a domestically listed product, it lets you invest in all of America's leading companies at once, easily, in won.
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 |
|---|---|---|
| 1M | -4.72% | +2.75% |
| 3M | +2.65% | +8.19% |
| 6M | +8.71% | +13.41% |
| 1Y | +25.47% | +21.51% |
| 3Y | +86.36% | +70.63% |
The ETF is priced in KRW NAV while the index is the provider's local-currency price index; currency moves can separate the two, so excess return and tracking error are not shown. Source: data.go.kr securities market-price API.
Fees & distributions
Fees prior fiscal year · Korea Investment Mgmt official disclosure
Distributions Source: Korea Investment Mgmt distribution notice·KRX
Distributions vary with fund performance; paying out more than income can reduce principal.
Understanding this ETF
The benchmark is the S&P 500. It holds about 500 leading large US corporations listed on the US market by market capitalization, showing the broad trend of the entire US stock market, and is one of the most widely used indices in the world.
This ETF is 'FX-exposed,' so two things together determine performance. The first is the movement of the S&P 500 index itself, and the second is the KRW/USD exchange rate. Even if the index is unchanged, if the dollar rises against the won (won weakness) the won-based valuation increases, and conversely if the dollar falls (won strength) it decreases. In short, it is best approached with an understanding that two factors — US stock prices and FX — operate at the same time.
It is widely used as a core (central) asset for those who want to invest broadly and for the long term in all of America's leading companies. Diversified across 500 names, individual-stock risk is low, but as the tilt toward top large-cap tech stocks has grown, if these stocks are shaken the whole index can swing with them. As a product that does not FX-hedge, a favorable currency move is a gain, but an unfavorable move can erode the won return even if US stock prices rise — a trait and a risk at once.
Into 2026 the S&P 500 continued to rise, but a shift emerged in which market leadership moved from the mega-cap tech stocks that had led the index in the first half toward AI-infrastructure and semiconductor beneficiaries such as memory chip makers. Even amid the relative underperformance of the Magnificent Seven, the index itself held up on the strength of a broad range of stocks.
In a word, this is an ETF that holds a 'bundle of America's 500 leading large corporations' in won. Just remember that not only US stock prices but also the KRW/USD exchange rate affect returns together.
Composition
The weights of mega-cap tech stocks such as Apple, Microsoft, Nvidia, Amazon, Alphabet (Google), Meta, and Tesla — the so-called 'Magnificent Seven' — are especially large. As of July 2026, those 7 stocks alone account for about a third of the index, a fairly heavy tilt toward top tech names. Accordingly, the moves of these few tech stocks heavily drive the whole index's performance.
Classification
Notes & cautions
- As an FX-exposed product that does not FX-hedge, KRW/USD exchange-rate movements directly affect won returns.
- With a large weighting in top mega-cap tech stocks, the whole index can be heavily driven by the moves of these few stocks.
ETF terms explained
Korea FSC securities market-price API (data.go.kr) · ETF classification & tagging: our own descriptive categorization
Bong Stocks presents public-data-based information for reference only. It is not investment advice and contains no target prices, ratings, or buy/sell recommendations. Prices are the previous session's close, not real time.