KODEX AI Semiconductor TOP 2 Plus (395160) 🔎 In-depth
Samsung Asset Management · Equity · Korea · Sector · Industry · Price 2026-08-06 · Analysis 2026-07-14
This is an ETF that puts Samsung Electronics and SK Hynix, the two pillar companies of Korea's semiconductor industry, at its core, while also holding related semiconductor materials, parts and equipment companies. As the name suggests, it places large weight on the two leaders (TOP 2) and adds domestic semiconductor value-chain names as a 'plus' on top.
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 | -26.25% | -26.31% | +0.06% |
| 3M | -7.35% | -8.29% | +0.94% |
| 6M | +46.66% | +45.34% | +1.32% |
| 1Y | +232.24% | +229.32% | +2.91% |
| 3Y | +284.74% | +281.44% | +3.30% |
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 · Samsung Asset Mgmt official disclosure(prospectus)
Understanding this ETF
It tracks the 'FnGuide AI Semiconductor TOP 2+' index. A May 2026 reconstitution changed the index so that the weights of Samsung Electronics and SK Hynix are each raised to 25%, roughly half combined, with the remainder filled by domestic core front-end and back-end semiconductor companies. The eligibility threshold (market-cap hurdle) was raised and the number of names was compressed to around 15 at most, giving it a form that reflects the leaders' performance more directly.
Its price is directly linked to Korea's semiconductor industry cycle and the share prices of the two leaders. It is especially sensitive to demand for AI memory such as HBM (high-bandwidth memory), the semiconductor price cycle, and shifts in the two companies' earnings expectations. Because it is composed only of domestic assets it is not affected by the exchange rate, but with its few-name concentration, the ETF also moves sharply when semiconductor stocks wobble.
This is an aggressive product that invests concentratedly in the growth of Korea's semiconductors and artificial intelligence. When the semiconductor industry cycle is good it can climb more than the market average, but with heavy concentration in the two names, its drawdown can also be correspondingly deeper in corrections. It is worth clearly understanding that it is a directionally distinct thematic product with both large growth potential and large volatility.
In the first half of 2026 semiconductor stocks showed strength amid artificial-intelligence and HBM fervor, but the mood reversed sharply in mid-July. In particular, on July 13, 2026, SK Hynix plunged about 15% and Samsung Electronics about 11%, the KOSPI fell more than 8%, and there was a correction large enough to trigger a circuit breaker, so this ETF, concentrated in these two names, also fell sharply in a single day. This was a case that clearly showed how much a few-name concentrated product can swing.
In short, it is a product that bets heavily on Samsung Electronics and SK Hynix and adds a few domestic semiconductor names on the side. When semiconductors rise it rises briskly, but because it is concentrated in the two leaders, it falls just as hard when they fall.
Composition
The two names Samsung Electronics and SK Hynix account for around half, so concentration is on the high side. Added to these are leading domestic companies handling semiconductor equipment, materials and parts (such as packaging and back-end-related names), spanning the value chain overall. With the number of names not large, its character is 'concentration in leading semiconductor names' rather than a diversification effect. It is best to check individual weights from separate materials.
Classification
Notes & cautions
- About half is concentrated in the two names Samsung Electronics and SK Hynix, so performance is heavily driven by these two companies' earnings and industry cycle.
- With a small number of names, the diversification effect is limited, and the swing amplitude can become very large during semiconductor corrections.
- The May 2026 reconstitution changed the leaders' weights and the eligibility criteria, so its character differs somewhat from performance before the reconstitution.
ETF terms explained
Korea FSC securities market-price API (data.go.kr) · ETF classification & tagging: our own descriptive categorization
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