KB Asset Management said its RISE Korea Value-Up Weekly Fixed Covered Call ETF surpassed 300 billion won ($216 million) in net assets, while monthly distribution rates remained above 3% for a third consecutive month. Launched in September last year, the fund has paid 4,200 won per share over the past year, equivalent to an annual distribution rate of 24.69%. Its distribution rates were 3.22% in July, 3.21% in August and 3.08% in September. The ETF holds the 100 constituents of the Korea Value-Up Index and sells KOSPI 200 call options twice weekly on a fixed 30% of assets. This covered call (selling options against held assets) structure uses option premiums to fund distributions while leaving 70% of assets exposed to gains in the underlying stocks. Its one-year return was 99.00% as of the previous day, and its annual total expense ratio was 0.30%.