KODEX Money Market Active (488770) 🔎 In-depth
Samsung Asset Management · Bonds · Korea · Rates · Parking · Price 2026-08-06 · Analysis 2026-07-14
A bond-type ETF for 'parking' idle funds briefly. It spreads investment across very-short-maturity bonds, commercial paper (CP) and the like, and is designed so that interest accrues bit by bit even if you leave money for just a day.
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 | +0.28% | +0.26% |
| 3M | +0.83% | +0.71% |
| 6M | +1.61% | +1.41% |
| 1Y | +1.61% | +2.73% |
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(prospectus)
Distributions Source: Samsung Asset Mgmt distribution notice
Distributions vary with fund performance; paying out more than income can reduce principal.
Understanding this ETF
Rather than a product that tracks a particular stock index as is, it uses an active (actively managed) approach in which the manager directly selects very-short-term high-quality bonds, commercial paper and similar instruments. As a benchmark to measure performance against, it uses an index that represents the movement of domestic money-market (short-term funding) rates. Put simply, it moves short-term fund management, run like a bank deposit, into ETF form.
Because it does not track a stock index, it is not shaken much even as the stock market rises and falls; instead its price drifts gently upward by the level of the short-term rates it holds. Managed entirely in domestic assets, it has no currency effect. With almost no daily fluctuation and interest accruing a little each day, its movement is very stable.
It is used to store funds briefly regardless of stock-market swings while earning short-term interest. Its strength is easy liquidity, since it can be bought and sold when you want. However, as a bond-type product it does not guarantee a fixed interest amount, and the return can vary with the rate and credit conditions of the short-term bonds it holds. It is not a product for chasing large gains but is closer to a 'place to rest for a while.'
In a phase where rates hold at a certain level, demand for it as a temporary home for idle funds has been steady, and its net assets have grown substantially, placing it among the larger domestic parking ETFs.
In a nutshell, it is a 'short-term cash storage' ETF where spare cash you park briefly earns a little interest day by day.
Composition
It is filled with very-short-term financial instruments such as short-maturity bonds, CDs (certificates of deposit), CP (commercial paper), and call and repurchase-agreement bonds. It typically keeps its target duration (a measure of sensitivity to rate moves) very short (on the order of a few tens of days), so that price fluctuations stay small even when rates move. Think of it as a bundle of short-term bonds and cash-equivalent assets rather than individual stocks.
Classification
Notes & cautions
- It is not a product that guarantees a fixed interest amount, and its return can vary with short-term rate and credit conditions.
- It is suited to storing funds safely for a while rather than aiming for large gains.
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.