How to invest

LIFE Asset Management manages funds but does not sell them directly. You can invest through a distributor (securities firm, bank, etc.), at a branch or through its website or mobile app.

Distributors and channels (branch, online, pension accounts) can differ by fund and share class, so please check that your distributor offers the fund first.

A multi-class fund splits one fund into several classes by how sales charges and fees are paid. Every class holds the same assets and is managed the same way; only charges and fees differ.

Classes with a front-end load at purchase have lower annual fees, while classes without one have higher fees, so your total cost can differ depending on how long you invest. Please choose based on how long you expect to invest and how you invest (branch, online, pension account).

Eligibility, fees and charges for each class are shown in the class information on each fund page and in the prospectus.

Funds with pension classes can be bought in a pension savings or retirement (IRP) account at the distributor. Availability differs by fund and distributor, so please check with yours.

No. Fund units are not protected under the Depositor Protection Act, even when bought at a bank.

No. Depending on performance you may lose some or all (0–100%) of your principal, and any loss is borne by the investor. Past performance does not guarantee future returns.

Charges are paid once, when you buy or sell; fees are taken from the fund every day while you are invested.

• Charges: front-end load (at purchase), back-end load (at redemption), redemption fee (if redeemed within a set period)
• Fees: management, sales, trustee and administration fees, already reflected in the NAV

Transaction costs may also apply.

A fund of funds also bears the fees of the funds it invests in. The total including underlying funds adds those fees, weighted by allocation, to the fund's own total fee.

The NAV is the price used when you buy or sell units: net assets divided by units outstanding, usually quoted per 1,000 units and calculated every business day. Which day's NAV applies differs by fund; see the subscription and redemption terms on each fund page.

The NAV used to calculate tax. It excludes tax-exempt gains such as those on Korean listed shares, so it can differ from the NAV.

Value = units held × NAV ÷ 1,000, before tax and any charges. Your exact balance and returns are shown in your distributor account.

Request redemption at your distributor. The NAV date and payment date depend on when you ask (usually before or after 5 p.m.) and differ by fund; see the redemption terms on each fund page.

It depends on the fund. Where there is one, it applies to redemptions within a set period and is paid back into the fund. See the class information and prospectus.

Your own balance and returns are in your distributor account. Fund-level NAV and returns are on each fund page on this site.

Management reports are prepared every three months and provided through distributors. They are also on each fund page and on the KOFIA disclosure site (dis.kofia.or.kr).