What is a 'listed class' of a public fund?

A listed class is a new exchange-listed class of beneficiary certificates created within an existing public fund; it is listed on the KOSPI market of the Korea Exchange and can be bought and sold in real time like stocks or ETFs.

Introduced to reduce costs such as sales charges and distribution fees and to make trading easier, listed classes began trading on October 27, 2025, starting with certain funds. There are points to note, such as the fact that a listed class acquired through conversion cannot be converted back into another class, so check the Korea Financial Investment Association's guidance.