Korea Fund:KF

    Manage Alerts


    As of 7/26/2021

    52 Wk Avg$39.16$45.82-14.61%
    52 Wk High$46.88$54.43-12.56%
    52 Wk Low$27.69$32.42-17.02%
    Regular Distribution TypeIncome Only
    Distribution Rate1.18%
    Distribution Amount$0.5255
    Distribution FrequencyAnnually
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    Under the prior restriction on lending, the Fund was limited to lending securities equal to no more than 25% of its total assets. Current SEC staff guidance permits securities lending up to 50% of the Funds net assets (33% of its total assets, including collateral from securities loans). Under the new fundamental investment restriction, the Fund will be permitted (i) to make securities loans to the extent provided by SEC staff guidance (currently up to 50% of its net assets) and (ii) to make other loans (including repurchase agreements with a maturity longer than seven days) without limit, so long as they are consistent with the Funds investment policies and are not made to persons who control or are under common control with the Fund. To achieve long-term capital appreciation through investment in Korean securities, primarily equity securities listed on the Korea Stock Exchange. It is the policy of the Fund to invest at least 80% of its net assets in securities listed on the Stock Exchange. The balance of the net assets normally will be invested in short-term debt securities of the Korean government and in recognised Korean money market instruments. The annual turnover rate will not normally exceed 50%. Any change to the investment policy will require the Board to give a minimum of 60 days notice to the stockholders.

    Capital Structure

    As of 7/26/2021

    Total Investment Exposure:$260.035M
    Total Common Assets:$260.035M
    Common Shares Outstanding:5,019,976

    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 6/30/2021

      Per Common Share
    Management Fees0.75%
    Other Expenses:0.47%
    Baseline Expense: N/A
    Interest Expense:N/A
    Total: 1.22%
    Fund Management

    Fund Sponsor
    Allianz Global Investors

    Portfolio Managers
    Chris Leung, Chung Jun Yun

    Category: Equity-Asia Equity
    Ticker: KF
    NAV Ticker: XKFDX
    Average Daily Volume (shares): 5,799
    Average Daily Volume (USD): $0.231M
    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


    As of 7/26/2021

    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.

    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 12/31/2020
    Annualized Distribution Rate on NAV:
    As of 7/26/2021
    Total Return on NAV (12 months):
    As of 7/26/2021
    Total % Portfolio Effectively Leveraged:
    As of 7/26/2021

    Pricing Information

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

    As of 7/26/2021

    PeriodAvg Discount
    6 Month-14.17%
    1 Year-14.61%
    3 Year-13.16%
    5 Year-12.36%

    As of 7/26/2021

    3 Month0.66
    6 Month0.49
    1 Year0.77
    Pricing History
    Date NAV Premium / Discount


    Calendar Year Total Returns

    As of 6/30/2021
    Category: Morningstar US CEF Asia Equity

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    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 6/30/2021
    Category: Morningstar US CEF Asia Equity

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 10/31/2020
    Annual Portfolio Turnover:
    As of 6/30/2021
    Asset Allocation

    As of 10/31/2020 reported by Fund Sponsor

    Top Sectors

    As of 10/31/2020 reported by Fund Sponsor

    Sensitive (Super Sector)57.55%
    Cyclical (Super Sector)28.96%
    Communication Services13.05%
    Basic Materials12.53%
    Consumer Cyclical10.29%
    Defensive (Super Sector)10.12%
    Financial Services6.15%
    Consumer Defensive4.36%
    Top Holdings

    As of 10/31/2020 reported by Fund Sponsor

    HoldingValue% Portfolio
    Samsung Electronics Co Ltd$43.01M23.78%
    SK Hynix Inc$11.35M6.28%
    NAVER Corp$10.14M5.61%
    Hyundai Motor Co$9.61M5.31%
    LG Chem Ltd$7.72M4.27%
    LG Household & Health Care Ltd$7.29M4.03%
    Samsung SDI Co Ltd$6.09M3.37%
    Kumho Petro Chemical Ltd$5.05M2.79%
    Celltrion Inc$4.95M2.73%
    Kakao Corp$4.92M2.72%
    Country Allocation

    As of 10/31/2020 reported by Fund Sponsor

    Country% Portfolio
    South Korea - Equity96.64%

    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.


    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.