xETFs Korea AI Semiconductor (KSMH) Stock Price, Quote, News & History | Benzinga

To achieve its objective the Fund invests at least 80 percent of its net assets (plus the amount of any borrowings for investment purposes) in equity securities (which may include depositary receipts) of, or instruments (such as swap agreements or U.S.-listed ETFs) that provide exposure to, Korean companies with at least 50 percent of their revenues, profits, or assets attributable to Semiconductor Business (Korean Semiconductor Companies). A company is considered to be a Korean company if (i) it is organized under the laws of South Korea, (ii) it derives at least 50 percent of its revenues or profits from goods produced or sold, investments made, or services performed, or has at least 50 percent of its assets located, within South Korea, (iii) the primary trading markets for its securities are located in South Korea, (iv) its principal place of business is in or otherwise headquartered in South Korea, or (v) it is a governmental entity or an agency, instrumentality or a political subdivision of South Korea.