KB Asset Management announced Wednesday that it will change the dividend payment timing for 'RISE US S&P500 Daily Fixed Covered Call ETF' and 'RISE US Dividend 100 Daily Fixed Covered Call ETF' from month-end to mid-month. The new distribution structure will take effect from the 15th. The move aims to improve fund utilization flexibility by shifting dividend timing from month-end concentration to mid-month.
The RISE US S&P500 Daily Fixed Covered Call ETF transitioning to mid-month distribution tracks the S&P 500 index while selling 10% of S&P 500 call options daily to provide monthly distributions. The RISE US Dividend 100 Daily Fixed Covered Call ETF invests in dividend growth stocks and has higher weightings in defensive and consumer sectors compared to AI big tech companies, which have shown increased volatility recently.
"By diversifying distribution timing between mid-month and month-end, we have enabled investors interested in the 'Daily Fixed Covered Call Series' to experience more stable and systematic cash flow," said Lee Jun-seok, Head of ETF Marketing at KB Asset Management.