ACE US Dividend Dow Jones ETF to Pay ‘Mid-Month Dividend’

Korea Investment Trust Management announced on the 30th that it will change the distribution payment date of the ‘ACE US Dividend Dow Jones Index Fund (ETF)’ to the 15th of every month.

ACE US Dividend Dow Jones ETF changes the dividend payment reference date from the last business day of each month to the 15th of each month. If the 15th is not a business day, the immediately preceding business day becomes the dividend payment reference date.

This change will be reflected from September, and the August distribution scheduled for the end of the month will be combined with the September distribution and paid. The September distribution payment reference date is the 13th of next month, and the payment date is the 20th.

ACE US Dividend Dow Jones ETF is a product launched by Korea Investment Trust Management in October 2021. As an underlying index, it tracks the ‘Dow Jones US Dividend 100 Price Return Index’, which is the same as the ‘Schwab US Dividend Equity ETF (SCHD)’, a representative US dividend growth ETF.

The index selects 100 companies listed in the U.S. that have paid dividends for more than 10 years and have excellent fundamentals. Market capitalization It is characterized by investing in a weighted manner.

According to the Korea Exchange as of the previous day, ACE US Dividend Dow Jones ETF recorded a net asset value of 399.3 billion won, and is on the verge of breaking the 400 billion won mark for the first time. This year, individual investors have net purchased 104.6 billion won worth of the ETF, and have been continuing their buying streak for the past 17 days.

ACE US Dividend Dow Jones ETF also has the best yield among the same type (same underlying index tracking foreign exchange exposure) ETFs launched in Korea. According to the fund guide, the yield of ACE US Dividend Dow Jones ETF was 6.39% for 3 months, 9.64% for 6 months, 15.33% since the beginning of the year, 18.36% for 1 year, and 32.04% since listing.

Kim Seung-hyun, ETF consulting manager at Korea Investment Trust Management, said, “In order to provide investors with a variety of choices in monthly dividend products, we changed the ACE US Dividend Dow Jones ETF dividend payment date to the 15th of every month.” He added, “There is an advantage to receiving dividends twice a month when investing in mid-month and end-of-month distribution products at the same time.”