Korea Investment Trust Lists ACE K Defense TOP5+ ETF on July 7, Targeting 10 Defense Industry Stocks with 0.45% Annual Fee

According to Korea Exchange, Korea Investment Trust Management listed the ACE K Defense TOP5+ ETF on the Korean stock exchange on July 7. The product is a passive ETF that invests in 10 defense industry-related companies listed on South Korea's domestic stock market, with an annual expense ratio of 0.45%.

The fund allocates 80% of its holdings to the top 5 constituents, including LIG Ndefense & Aerospace, Hyundai Rotem, Hanwha Aerospace, Korea Aerospace Industries, and Hanwha Systems, while the remaining 5 stocks share 20% of the portfolio. Individual stock weightings are capped at 20%. The fund weights constituents using AI Defense keyword scores and free float market capitalization equally, rather than pure market capitalization ranking.