Korea Fund:KF

    Manage Alerts

    Overview

    As of 9/29/2023

     Share
    Price    		NAVPremium/
    Discount
    Current$21.03$25.05-16.05%
    52 Wk Avg$22.44$26.40-15.04%
    52 Wk High$25.16$29.25-11.06%
    52 Wk Low$19.19$23.03-19.28%
    Regular Distribution Type†Income Only
    Distribution Rate15.78%
    Distribution Amount$3.3189
    Distribution FrequencyAnnually
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The investment objective of the Fund is to seek long-term capital appreciation through investment in securities, primarily equity securities, of Korean companies. This objective is a fundamental policy and may not be changed without the approval of a majority of the Fund’s outstanding voting securities. As used in this report, a “majority of the Fund’s outstanding voting securities” means the lesser of (i) 67% of the shares represented at a meeting at which more than 50% of the outstanding shares are represented or (ii) more than 50% of the outstanding shares.

    Capital Structure

    As of 9/29/2023

    Total Investment Exposure:$123.476M
    Total Common Assets:$123.476M
    Common Shares Outstanding:4,929,184
    Leverage

    As of 4/1/2019

    Preferred Share Assets:
    Total Debt (USD): $10.830M
    Regulatory Leverage (USD):
    Effective Leverage (USD): $10.830M
    Effective Leverage (%): 5.74%
    Annual Expense Ratios

    As of 6/30/2023

      Per Common Share
    Management FeesN/A
    Other Expenses:N/A
    Baseline Expense: N/A
    Interest Expense:N/A
    Total: 1.46%
    Fund Management

    Fund Sponsor
    JPMorgan Asset Management (Asia Pacific) Limited

    Portfolio Managers
    John Cho

    Basics
    Category: Equity-Asia Equity
    Ticker: KF
    NAV Ticker: XKFDX
    Average Daily Volume (shares): 10,660
    Average Daily Volume (USD): $0.239M
    Inception Date: 8/29/1984
    Inception Share Price: $40.00
    Inception NAV: $0.00
    Tender Offer: Yes
    Term: No
    Fiscal Year End: June 30
    Third Party Links & Reports

    Distributions

    As of 9/29/2023

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    to
    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions†
    Avg. Earnings Per Share:
    As of 6/30/2023    		 -$0.0925
    Annualized Distribution Rate on NAV:
    As of 9/29/2023    		13.25%
    Total Return on NAV (12 months):
    As of 9/29/2023    		23.30%
    Total % Portfolio Effectively Leveraged:
    As of 9/29/2023     		5.74%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 10/2/2023

    PeriodAvg Discount
    6 Month-15.54%
    1 Year-15.04%
    3 Year-14.64%
    5 Year-13.93%
    Z-Score

    As of 9/29/2023

    PeriodZStat
    3 Month-0.35
    6 Month-0.32
    1 Year-0.56
    Pricing History
     from  
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 9/30/2023
    Category: Morningstar US CEF Asia Equity

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD0.96%1.38%3.40%3.23%
    2022-30.08%-28.96%-23.26%-21.26%
    20218.31%3.06%5.48%3.84%
    202037.14%38.50%22.86%21.82%
    20196.83%6.46%19.77%17.57%
    2018-19.29%-19.14%-13.67%-15.54%
    201742.53%40.88%41.49%33.70%
    20161.13%2.61%4.08%4.04%
    2015-3.80%-4.03%-6.16%-4.97%
    2014-9.06%-9.85%9.13%9.11%
    20130.00%0.97%3.25%9.20%
    201215.41%17.11%25.05%20.66%
    2011-6.41%-8.71%-19.12%-16.30%
    201024.93%23.71%  
    20093.32%5.37%  
    2008-50.40%-53.41%  
    200728.15%27.43%  
    200615.82%11.11%  
    200551.59%55.31%  
    200434.75%26.19%  
    200334.76%28.48%  
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 9/30/2023
    Category: Morningstar US CEF Asia Equity

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 6/30/2023    		57
    Annual Portfolio Turnover:
    As of 6/30/2023    		37.00%
    Asset Allocation

    As of 6/30/2023

    Top Sectors

    As of 6/30/2023

    Sector%Portfolio
    Sensitive (Super Sector)55.01%
    Technology38.54%
    Cyclical (Super Sector)34.56%
    Consumer Cyclical11.64%
    Financial Services11.52%
    Basic Materials11.40%
    Defensive (Super Sector)9.74%
    Communication Services9.08%
    Healthcare5.52%
    Consumer Defensive4.22%
    Top Holdings

    As of 6/30/2023

    HoldingValue% Portfolio
    Samsung Electronics Co Ltd$24.67M18.87%
    SK Hynix Inc$11.03M8.44%
    LG Chem Ltd$7.43M5.69%
    Samsung Electronics Co Ltd Participating Preferred$7.41M5.67%
    KB Financial Group Inc$5.30M4.05%
    Hyundai Mobis Co Ltd$5.04M3.85%
    NAVER Corp$4.42M3.38%
    Hyundai Motor Co Participating Preferred$3.84M2.94%
    SK Innovation Co Ltd$3.26M2.49%
    POSCO Holdings Inc$3.00M2.30%
    Country Allocation

    As of 6/30/2023

    Country% Portfolio
    South Korea - Equity99.30%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    † Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

    E-2949862P-E0623W

    Powered by Morningstar

    View Morningstar Notice and Disclaimer