KODEX TDF2040 Active Qualified (433980) holdings & weights
Per-holding contribution · concentration · sector skew — a deep read
Fund overview
This is a Korea-listed ETF from 삼성자산운용. It tracks the Samsung Korea Target Date 2040 Index (Price Return). Key facts — expense ratio 0.25%; net assets about KRW 189.9B; inception 2022-06-30. Its 1-year return is +4.15%.
Fund details
Fund overview
This is a Korea-listed ETF from 삼성자산운용. It tracks the Samsung Korea Target Date 2040 Index (Price Return). Key facts — expense ratio 0.25%; net assets about KRW 189.9B; inception 2022-06-30. Its 1-year return is +4.15%.
624 identified stocks · net exposure / NAV 99.03%. Display weights are normalized to 100%; calculations retain original exposures without an additional leverage multiplier. Underlying allocation is estimated using SPYM, 385510, 091160, 487240, 395160 (2026-10-19, 2026-10-20). Cash and unallocated contracts are excluded from stock attribution.
Weight and calculation basis
624 identified stocks · net exposure / NAV 99.03%. Display weights are normalized to 100%; calculations retain original exposures without an additional leverage multiplier. Underlying allocation is estimated using SPYM, 385510, 091160, 487240, 395160 (2026-10-19, 2026-10-20). Cash and unallocated contracts are excluded from stock attribution.
Investor net buying
Latest-session net buying by foreigners, institutions and retail (positive = net buy, negative = net sell).
| Date | Change | Foreign | Inst. | Retail |
|---|---|---|---|---|
| 10/20 | -0.62% | +34 sh | −5.2K sh | +5.2K sh |
| 10/19 | -0.16% | −268 sh | −5.4K sh | +5.7K sh |
| 10/16 | +0.16% | +268 sh | +1.8K sh | −2.0K sh |
| 10/15 | -1.25% | −360 sh | +729 sh | −394 sh |
| 10/14 | -0.1% | +368 sh | −3.9K sh | +3.5K sh |
Investor flows
Investor net buying
Latest-session net buying by foreigners, institutions and retail (positive = net buy, negative = net sell).
| Date | Change | Foreign | Inst. | Retail |
|---|---|---|---|---|
| 10/20 | -0.62% | +34 sh | −5.2K sh | +5.2K sh |
| 10/19 | -0.16% | −268 sh | −5.4K sh | +5.7K sh |
| 10/16 | +0.16% | +268 sh | +1.8K sh | −2.0K sh |
| 10/15 | -1.25% | −360 sh | +729 sh | −394 sh |
| 10/14 | -0.1% | +368 sh | −3.9K sh | +3.5K sh |
We have this ETF's holdings, but the prices for those particular listings are outside our quote coverage (currently Korea- and US-listed securities). So today's contribution and return are not computed — showing 0% would claim it did not move, which is a different statement. The holdings and weights below follow the calculation basis above.
Today's summary
Its top 10 holdings make up about 93.2% of the fund. The concentration index (HHI) is 1721 — Moderate, and the largest sector is Unclassified (56%). The higher the concentration, the more one stock or sector drives the whole ETF's return.
Structural health
A five-axis read on how this fund is built. It is not a return forecast or a recommendation, and a low score does not mean a bad fund — leveraged products score low by design. Each axis shows the figure behind it.
Concentration sits in the 1,500–2,500 band (1,721) — moderate.
Unclassified is 56%, a clear tilt. That industry's swings will drive the fund.
0.25% a year is typical. Held ten years, roughly 2.5% goes to fees.
Net assets of KRW 189.9B — liquid enough to trade, and unlikely to be wound down.
A plain 1x physical fund holding the shares themselves — no structural drift from how long you hold it.
Concentration and diversification
Structural health
A five-axis read on how this fund is built. It is not a return forecast or a recommendation, and a low score does not mean a bad fund — leveraged products score low by design. Each axis shows the figure behind it.
Concentration sits in the 1,500–2,500 band (1,721) — moderate.
Unclassified is 56%, a clear tilt. That industry's swings will drive the fund.
0.25% a year is typical. Held ten years, roughly 2.5% goes to fees.
Net assets of KRW 189.9B — liquid enough to trade, and unlikely to be wound down.
A plain 1x physical fund holding the shares themselves — no structural drift from how long you hold it.
Top 20 holdings
1 derivative positions are excluded. Stock contributions do not explain the entire ETF return.
Weights are normalized to 100% of absolute exposures across analysed positions, including positions outside this top list. Cash, collateral and unverified assets are excluded. Contributions retain original signed NAV exposures; leverage is not applied twice.
Normalized to 100% of analysed positions
Weights are normalized to 100% of absolute exposures across analysed positions, including positions outside this top list. Cash, collateral and unverified assets are excluded. Contributions retain original signed NAV exposures; leverage is not applied twice.
| # | Holding | Weight |
|---|---|---|
| 1 | Vanguard Total World Stock ETFVT | 26.29% |
| 2 | State Street SPDR PortfolioSPGM | 26.28% |
| 3 | KODEX ESG종합채권(A-이상)액티브439860 | 13.77% |
| 4 | KODEX 머니마켓액티브488770 | 7.64% |
| 5 | KODEX 종합채권(AA-이상)액티브273130 | 7.41% |
| 6 | INVESCO NASDAQ 100 ETFQQQM | 3.75% |
| 7 | KODEX 단기채권PLUS214980 | 3.70% |
| 8 | KODEX 국고채3년114260 | 2.50% |
| 9 | KODEX 미국AI테크TOP10485540 | 1.09% |
| 10 | KODEX 미국반도체390390 | 0.82% |
| 11 | KODEX 로봇액티브445290 | 0.65% |
| 12 | NVIDIANVDA | 0.30% |
| 13 | APPLEAAPL | 0.29% |
| 14 | Samsung Electronics005930 | 0.25% |
| 15 | MICROSOFTMSFT | 0.23% |
| 16 | SK hynix000660 | 0.21% |
| 17 | AMAZON.COMAMZN | 0.15% |
| 18 | LS Electric010120 | 0.13% |
| 19 | ALPHABETGOOGL | 0.12% |
| 20 | SK Square402340 | 0.11% |
Holdings below 0.5% or outside the top list are folded into “Others” and omitted above.
Where the weight sits — sector mix
Listed equity weights summed by sector and normalized to 100%. Each band is one sector's share.
Industry breakdown
HHI sums the squared weights. The more it leans on a few names, the higher it goes — and the more the whole ETF moves with them.
How concentrated is it
Concentration (HHI) sits at 1721 — moderate. The top 10 names carry 93.2% of equity weight, so the fund is spread out but its largest holdings still steer it.
That is the usual shape of a cap-weighted index fund: broad, yet tilted toward the biggest companies.
HHI squares each weight and sums them: 10,000 means one stock is everything, and the more evenly spread the holdings, the closer it falls to zero.
Where the sector weight sits
By sector, Unclassified alone is 56% — whatever the fund is called, this is a bet on that industry.
Bad news for the sector moves the whole fund. Worth checking against anything else you hold in the same space.
Weights above sum the individually listed equities and normalize that equity total to 100%.
How much it overlaps others
Its closest neighbour is 434060 at 91% overlap — effectively the same basket.
Holding both is not diversification, it is buying the same companies twice. Pick whichever is cheaper.
What it is made of
The expense ratio is 0.25% a year. Funds tracking the same index tend to perform alike, which makes the fee one of the few things that reliably separates them over time.
This page is not investment advice. Investment decisions and responsibility are your own.
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