TIME US Nasdaq 100 Active (426030) 🔎 In-depth
Timefolio · Equity · United States · Broad market · Price 2026-08-06 · Analysis 2026-07-14
This is a US equity ETF managed by Timefolio Asset Management. It uses the US Nasdaq 100 Index as its basic backbone but takes an 'active' approach in which the manager adjusts some holdings and weights. It provides the effect of investing across US mega-cap tech names such as Apple, Microsoft, and Nvidia all at once, and because it is not FX-hedged, won-dollar exchange-rate movements are reflected directly in returns. It was listed on May 11, 2022.
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 | -15.19% | +0.69% |
| 3M | -8.49% | +2.83% |
| 6M | +28.86% | +19.65% |
| 1Y | +50.45% | +25.98% |
| 3Y | +258.20% | +90.64% |
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 Issuer official disclosure
Distributions
Distributions vary with fund performance; paying out more than income can reduce principal.
Understanding this ETF
The comparison index is the US 'Nasdaq 100.' The Nasdaq 100 is an index built from the top 100 companies by market capitalization, excluding financials, among firms listed on the US Nasdaq market, and it is calculated by Nasdaq. Because larger companies get larger weights, mega-cap tech stocks have a big influence. However, this ETF does not simply replicate the index; being 'active,' the manager keeps the index constituents as a basic framework but holds some names more or less to aim for better performance than the index. It uses a physical replication method, actually buying and holding US stocks.
As a plain (non-leveraged, non-inverse, one-times) ETF, when the underlying US tech stocks rise, this ETF generally rises in the same direction, and when they fall, it falls. Two features, though, drive returns. First, because it is actively managed, performance can diverge somewhat from the Nasdaq 100 Index depending on the manager's stock selection (it may do better or worse than the index). Second, as an 'FX-exposed' product that is not FX-hedged, when the won-dollar rate rises (dollar strength), the won-based return grows even at the same share price, and when the rate falls, it shrinks. In other words, both US share-price moves and exchange-rate moves are reflected together.
This is a 'growth and market-representative' style ETF for those who want broad exposure to US mega-cap tech. Its strength is that you gain diversification across Nasdaq 100 companies without the hassle of picking individual US stocks and converting currency yourself. On the other hand, its composition is concentrated in tech, so it tends to swing widely if the tech backdrop or rate environment worsens, and because it is FX-exposed, an unfavorable move in the exchange rate can eat into won-based returns even if US shares rise. Active management, too, carries the risk of diverging from the index in exchange for aiming to beat it.
The closing price on July 13, 2026 was ₩52,680, the NAV (the actual asset value of one ETF share) was ₩46,990 and the daily change was -2.8%. AUM (net assets) was about ₩2.4 trillion, and the market capitalization was about ₩2.83 trillion. The benchmark Nasdaq 100 rose clearly entering 2026 on tech strength, and in the first half the warmth of AI investment spread from a handful of mega-caps to infrastructure companies including memory chipmakers such as Micron.
In a word, it is 'a bundle of US Nasdaq mega-cap tech stocks that the manager runs with a light touch.' When US tech stocks such as Apple and Nvidia rise, it rises; when the exchange rate (the dollar) rises, won-based returns grow more; but when tech stocks wobble or the exchange rate falls, the opposite happens.
Composition
The composition is heavily skewed toward a small number of mega-cap tech names. The Nasdaq 100 itself is built around so-called mega-cap tech such as Apple, Microsoft, Nvidia, Amazon, Alphabet (Google), Meta, and Tesla, so just a few top names fill a large portion of the index. On top of this, semiconductor, software, and internet-platform companies carry high weights, while traditional financials and energy sectors are almost absent. Because it is actively managed, individual weights can differ from the index depending on the manager's judgment, and recently there has been a shift in which the flow of AI investment has broadened from a handful of mega-caps to infrastructure companies such as chipmakers.
Classification
Notes & cautions
- As an FX-exposed product that is not FX-hedged, not only US share prices but also won-dollar exchange-rate movements directly affect returns.
- As an active ETF, its performance can differ from the Nasdaq 100 Index depending on management results.
- As a plain ETF, the principal is not guaranteed, and losses can occur if share prices or the exchange rate fall.
ETF terms explained
Korea FSC securities market-price API (data.go.kr) · ETF classification & tagging: our own descriptive categorization
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