The document provides information on the KB Value Focus Korea Equity Fund, including its investment objective, strategy, portfolio statistics, performance, and top holdings. The fund seeks long-term returns through investing in undervalued Korean equity securities with stable growth potential. It has outperformed its benchmark since inception with an annualized return of 127.43% and a fund size of $1.43 billion as of June 30, 2016.
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KB Value Focus Korea Equity Fund Annual Report
1. MicroSmallMidLargeGiant
AnnualizedReturn(%)
INTERNAL USE ONLY
Factsheet | Data as of June 30, 2016
KB Value Focus Korea Equity Fund
KB Value Focus Feeder Equity A
Investment Objective & Strategy Contacts
KB Asset Management Co., LTDKB Value Focus Korea Equity Fund seeks an attractive long-term rate of return through
investment principally in Korea equity securities.
E-mail: kbgm@kbfg.com
Tel: 82-2-2167-8200
The Fund invests in stocks that are undervalued relatively to intrinsic values and that are
expected to see a stable growth. It focuses on stock selection rather than indices or 25F, 70, Yeoui-daero, Yeongdeungpo-gu,
economic outlook. Portfolio composition and sector weights are results of stock selection. Seoul 07325, South Korea
Overview Portfolio Statistics Holdings-Based Style Trail
Primary Prospectus Benchmark KRX KOSPI Korea PR KRW As of Date: 2016-04-30 Time Period: 2011-05-31 to 2016-04-30
Base Currency South Korean Won
Inv
Morningstar Category Korea OE Korea Large-Cap Equity
Portfolio PER 11.00Fund Legal Structure Unit Trust
Fund Size(billion USD) $ 1,437 Portfolio PBR 1.25
Fund Size Date 2016-06-30
Turnover Ratio(1yr, %) 58.75
5-StarMorningstar Rating Overall
Market Cap(billion USD)
Source: KB Asset Management
Inception Date 2009-11-09
Manager Name Woongpil Choi Large Cap(weight, %) 32.91
Charges and Fees Middle Cap(weight, %) 46.54
※ Initial Distributor Charge: within 1% of subscription amount Small Cap(weight, %) 20.56
※ Redemption Charge: 70% of profit (redemption within 90 days)
※ Total Fee: 1.410% (Management fee: 0.715%, Distributor fee: Deep-Val Core-Val Core Core-Grth High-Grth
0.650%, Others: 0.045%)
Investment Growth Risk-Reward
Time Period: 2009-11-10 to 2016-06-30 Time Period: 2011-07-01 to 2016-06-30
Currency: US Dollar Calculation Benchmark: KRX KOSPI Korea PR KRW
Peer Group (5-95%): Open End Funds - Korea - Korea Large-Cap Equity Currency: US Dollar
6.0Top Quartile 2nd Quartile 3rd Quartile Bottom Quartile
175.0% 4.0
150.0%
2.0
125.0%
0.0
100.0%
-2.075.0%
50.0% -4.0
25.0%
-6.0
0.0%
0.0 3.0 6.0 9.0 12.0 15.0 18.0 21.0
-25.0%
2010 2011 2012 2013 2014 2015 2016
Std Dev(%)
KB Value Focus Feeder Equity A KRX KOSPI Korea PR KRW KB Value Focus KRX KOSPI Korea Korea OE Korea
Feeder Equity A PR KRW Large-Cap Equity
Source: Morningstar
Source: Morningstar
Performance
As of Date: 2016-06-30 Currency: South Korean Won Calculation Benchmark: KRX KOSPI Korea PR KRW
Return 1 Month 3 Months 6 Months YTD 1 Year 3 Years 5 Years Inception 2011 2012 2013 2014 2015
KB Value Focus Feeder Equity-3.23% -2.89% -1.83% -1.83% -13.64% 10.13% 31.45% 127.43% 3.75% 12.17% 9.87% 4.53% 4.33%
KRX KOSPI Korea PR KRW -0.66% -1.28% -0.46% -0.46% -5.01% 5.74% -6.21% 24.96% -10.98% 9.38% 0.72% -4.76% 2.39%
Korea OE Korea Large-Cap Eq-1.19% -1.94% --1.84% --1.84% -7.68% 5.16% -9.51% 25.66% -10.41% 7.11% 1.08% -4.69% 4.21%
Fund NAV as of June 30, 2016: $ 1.43 billion USD
Performance data quoted represents past performance and is no guarantee of future results. Current performance may differ from figures shown.
The fund offers other share classes subject to different fees and expenses, which will affect their performance; thus, actual returns may differ.
Please read in full including Important Information.
Source: Morningstar
$1.73
2. 0.0
0.1
0.2
Beta
6Risk (1Y) Risk (Since Inception) Beta
Source Data: Total, Monthly Return Calculation Benchmark: KRX KOSPI Korea PR KRW
Time Period: 2015-07-01 to 2016-06-30 Time Period: Since Inception to 2016-06-30
Currency: South Korean Won Source Data: Monthly Return Calculation Benchmark: Currency: South Korean Won Source Data: Monthly Return Calculation Benchmark: 0.9
KRX KOSPI Korea PR KRW KRX KOSPI Korea PR KRW
0.8
Std Dev (%) 14.76 Std Dev (%) 12.19 0.7
0.6Beta 0.93 Beta 0.73
0.5
Alpha -9.79 Alpha 8.75
0.5
Tracking Error (%) 8.34 Tracking Error (%) 8.46 0.4
0.3
Sharpe Ratio -1.12 Sharpe Ratio 0.86
Information Ratio -1.11 Information Ratio 1.05
Treynor Ratio -0.18 Treynor Ratio 14.34
2011 2012 2013 2014 2015
Source: Morningstar
Asset Allocation Equity Sectors (GICS)
Time Period: 2011-05-01 to 2016-04-30 Time Period: 2011-05-01 to 2016-04-30
100.0% 100.0%
90.0%90.0%
80.0%
80.0%
70.0%
70.0%
60.0%
60.0%
50.0%
50.0% 40.0%
40.0% 30.0%
20.0%30.0%
10.0%20.0%
0.0%
10.0% 2011 2012 2013 2014 2015
0.0% Energy % Materials % Industrials %
2011 2012 2013 2014 2015
Consumer Discretionary % Consumer Staples % Healthcare %
Financials % Information Technology % Telecom Services %Stock Cash Others
Utilities %
Source: Morningstar Source: Morningstar
Top 10 Holdings (Master Fund) GICS Sector Weights Performance Attribution
Portfolio Date: 2016-04-30 Portfolio Date: 2016-04-30 Time Period: 2015-07-01 to 2016-06-30
Fund (%) BM(%) Excess(%) Portfolio: KB Value Focus Master Equity
Weight(%)
Information Technology 21.38 23.39 -2.01
Attribution (%)
Com2uS Corp 6.85 Industrials 17.46 15.01 2.45
Excess Return -7.46
SK Telecom Co Ltd 4.50 Consumer Discretionary 14.51 19.71 -5.19 Total Asset Return -7.47
Korea Electric Power Corp 3.91 Financials 14.02 12.41 1.61 Asset allocation 0.47
SK Holdings Co Ltd 3.64 Materials 11.65 10.21 1.45 Asset Investment -7.94
-8.15StocksFila Korea Ltd 3.42 Consumer Staples 7.99 6.21 1.78
Sector Allocation 1.00Naver Corp 3.19 Telecom Services 4.69 2.44 2.25
Security Selection -9.15
Hansol Chemical Co Ltd 3.03 Utilities 4.08 4.29 -0.21
Liquidity Assets 0.21
Dongwon Industries Co Ltd 2.80 Others 2.51 0.26 2.25
Others -0.01
Samsung Electronics Co Ltd 2.55 Health Care 1.46 3.51 -2.05
KB Capital 2.42 Energy 0.24 2.56 -2.32
Please note that the above data figures for Top 10 Holdings, GICS Sector Weights and Performance Attribution are based on KB Value Focus Master Equity.
Important Information
Prior to investing in the Fund, an investor should read and understand the prospectus and/or the summary
prospectus in full. The Korea Deposit Insurance Corporation does not protect this financial product under the
Depositor Protection Act. ※The past performance of the collective investment scheme does not guarantee a return
on investment for the future. Changes in the rates of exchange between currencies may cause the value of
investment to fluctuate or result in loss of principal. ※There is a risk of loss of the invested principal in the
collective investment scheme depending upon the result of its management and that such loss shall be imputed to
investors.
Source: KB Asset Management
Source: Morningstar
3. Important Information(Cont.)
This material is for distribution to Professional Clients only and should not be relied upon by any other persons. KB Asset Management has not authorized
financial intermediaries to use and to distribute this document. KB Asset Management shall not be liable for, and accepts no liability for, the use or misuse of
this document by any such financial intermediary. This material is for general information purposes and subject to change.
All figures are in net of fees and gross of tax. The impact of the initial charge can be material on the performance of your investment. Current performance
may be higher or lower than the performance data shown. All portfolio holdings are subject to change. Indices are unmanaged and one cannot invest directly
in an index. Informational sources are considered reliable but KB Asset Management does not guarantee their accuracy or completeness.
This document does not contain a complete description of the Fund. It also does not purport to be a complete explanation of risks associated with an
investment therein and other risks may also be relevant from time to time. In the future the Fund may be exposed to risks that are currently difficult to
predict. Risks that are not described in it are considered as immaterial at the moment, but they may become substantial later on and adversely affect the fund.
These and other risks are described more fully in the Fund’s prospectus. KB Asset Management does not guarantee investment decisions and outcomes based
on the information of this material.
Source: KB Asset Management