KODEX CD 1Y Rate Plus Active (Synthetic) (481050) 🔎 In-depth
Samsung Asset Management · Rates · Parking · Korea · Rates · Parking · Price 2026-08-06 · Analysis 2026-07-14
A rate-type ETF managed by Samsung Asset Management (KODEX), a 'parking' product that accrues the 1-year bank CD (certificate of deposit) rate each day. Like setting spare cash aside for a while, its value drifts gently upward as if interest were being added at the CD rate, and a small extra return is layered on when certain conditions are met. It uses a synthetic approach built on swap contracts and listed on April 23, 2024.
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 | -0.00% | +0.27% |
| 3M | -0.01% | +0.79% |
| 6M | +0.01% | +1.55% |
| 1Y | -0.00% | +3.02% |
This ETF pays regular distributions. The returns and max drawdown above are on a NAV (price) basis, distributions not reinvested, so actual total return is higher and the drawdown smaller than shown; excess return and tracking error are omitted for that reason. Source: data.go.kr securities market-price API.
Fees & distributions
Fees prior fiscal year · Samsung Asset Mgmt official disclosure
Distributions Source: Samsung Asset Mgmt distribution notice·KRX
Distributions vary with fund performance; paying out more than income can reduce principal.
Understanding this ETF
The reference index is the 'KAP 1-Year Bank CD + Additional Rate Index (Total Return),' calculated by Korea Asset Pricing (KAP). This index accrues the daily rate of the 1-year bank CD (certificate of deposit) each day on a compound basis (where interest earns further interest). On top of that, there is a rule that adds an extra daily return equal to 0.5% per year on any day the KOSPI 200 rises by 1% or more (on the day before a holiday, the number of consecutive holiday days is also reflected). So the base tracks the 1-year CD rate, with a small 'plus alpha' layered on days when the stock market rises sharply.
As a parking product rather than a leveraged or inverse one, it does not swing sharply like a stock; instead its value builds up a little each day by the 1-year CD rate. As a result, the chart generally traces a gentle upward drift with very small fluctuations. On days the KOSPI 200 rises by 1% or more, the extra return described above is layered on in a small amount, but even on other days it keeps accruing at least the CD rate. The higher the rate, the faster the accrual; when rates fall, the accrual slows. One way it differs from a plain bond ETF is that, being synthetic, it carries counterparty risk.
This is a 'parking' (short-term cash storage) ETF for setting spare cash aside safely for a while. Return equivalent to interest accrues even on a daily basis, so it is often used to buy and sell as needed and pocket about one day's worth of interest. It is not a principal-guaranteed deposit, but its volatility is very low so the risk of a large loss is relatively small; in return, its expected return is also limited to around the CD rate. As a synthetic product it carries counterparty risk, and just keep in mind that the accrual slows when rates fall.
As of July 13, 2026, the closing price was ₩1,022,225 the NAV (the actual asset value of one ETF share) was ₩1,021,992 and the daily change was +0.01%, very stable. AUM was about ₩2.6 trillion and market capitalization was about ₩2.78 trillion. As is typical of a parking product, its price barely wobbles and continues to rise gently at the CD rate.
In a nutshell, it is 'a product where spare cash you set aside briefly rises a little each day, as if interest were being added at the 1-year CD rate.' Instead of big gains or big losses, a very small extra return is added on days the stock market rises sharply, and just remember it is not a principal-guaranteed deposit.
Composition
Rather than holding physical bonds directly, it tracks the index with a 'synthetic (swap)' approach. That is, it enters swap contracts with counterparties (mainly securities firms) designed so that the counterparty delivers the benchmark index return to this ETF. As a result, the holdings table does not list a long series of individual stocks or bonds; in practice it replicates the index performance through the swap contracts and their collateral assets. This approach makes it easy to track the index precisely, but it carries the risk that the counterparty fails to keep its promise (counterparty risk).
Classification
Notes & cautions
- Because it is synthetic (swap-based), there is a risk that the counterparty (the swap counterparty) fails to fulfill its promise.
- It is a parking product but not a principal-guaranteed deposit, and the return that accrues varies with the level of rates.
- It is not leveraged or inverse; its volatility is very low, but in return its expected return is limited to around the CD rate.
ETF terms explained
Korea FSC securities market-price API (data.go.kr) · ETF classification & tagging: our own descriptive categorization
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