KF - Korea Fund

What this means for you

Saba has told the regulator it may push for changes at this fund. That usually means asking the fund to buy back shares at close to the full value of its holdings, to change who runs it, or to close down and pay holders out.

Nothing is required of you now. If the fund itself announces a buy-back or a vote, it appears in the box above with the date by which you would need to act.

Large investors can also sell down and walk away. We show every notice they file, the day it is filed.

Email me if this changes

What happened, and when

1. March 4, 2026

   Saba now owns 5.1%. It has said it may push for changes.

   Original document →

2. Feb 13, 2026

   City of London raised its stake to 38.6% (from 35%), as a passive investor.

   Original document →

3. Nov 14, 2025

   1607 Capital sold down below 5% and stopped reporting.

   Original document →

4. Nov 14, 2025

   City of London raised its stake to 35% (from 31.8%), as a passive investor.

   Original document →

5. July 3, 2025

   City of London raised its stake to 31.8% (from 26%), as a passive investor.

   Original document →

About this fund

• Run by JPMorgan Asset Management (Asia Pacific) Limited. As of June 30, 2026, from the fund's yearly report. Original document →
• Size: about $365 million of holdings, as of June 30, 2026. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund does not borrow. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 0.7% a year in management fees; 1.2% a year in total, including interest on borrowed money. Fiscal year ended June 30, 2026. As of June 30, 2026, from the fund's yearly report. Original document →
• Payouts: last fiscal year (ended June 30, 2026) the fund paid $1.38 a share, all of it income. As of June 30, 2026, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (June 30, 2026): $87.88. The shares traded at $75.21, about 14.4% below that. As of June 30, 2026, from the fund's yearly report. Original document →
• How the holdings did: up 71.3% over the last three months we have (April-June 2026), before the share price is taken into account. Over the last 12 months: +195.8%. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• How the holdings did over the fiscal year (ended June 30, 2026): the value of the holdings returned +194.6%. How the share price did: the shares returned +190.2% over the same year, counting payouts and the change in the market price. As of June 30, 2026, from the fund's annual report. Original document →
• First reported to the regulator in 1994.

What the fund holds

Almost all shares (100%). About 1% issued in the U.S.

1. SK hynix, Inc. - 27.5%
2. Samsung Electronics Co. Ltd. - 20.3%
3. SK Square Co. Ltd. - 4.4%
4. Samsung Electro-Mechanics Co. Ltd. - 4.3%
5. Samsung Electronics Co. Ltd. (Preference) - 2.5%
6. KB Financial Group, Inc. - 2.4%
7. SK, Inc. - 2.2%
8. Shinhan Financial Group Co. Ltd. - 1.9%
9. Samsung C&T Corp. - 1.9%
10. Hyundai Motor Co. - 1.7%

As of June 30, 2026, from the fund's quarterly holdings report. Original document →