TIME US Nasdaq 100 Active (426030) 🔎 In-depth

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 ₩54,461.2, and the daily change was -2.8%. AUM (net assets) was about ₩2.75 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.