KIM KINDEX MSCI Philippines (Synth) 

The ACE MSCI Philippines(Synth) ETF is designed to closely mirror the comprehensive performance—including both capital growth and income generation—of the MSCI Philippines IMI Index. Its primary objective is to deliver investment outcomes that generally align with the index's price and yield movements, prior to the deduction of the fund's operating expenses. As a synthetic ETF, it achieves this market exposure through a Total Return Swap (TRS) agreement established with a securities company, rather than by directly acquiring the underlying assets.