VCBF BLUE CHIP FUND
As of 31 December 2018



Symbol VCBF-BCF
Inception date 08/22/2014
License number 13/GCN-UBCK
Supervisory bank Standard Chartered Bank
Auditor N/A
Distributors SSI, VCB, VCBS
Profit distributions N/A
Net Asset Value * VND 535,035,719,842
   


 
NAV per Fund unit 17,760.77
NAV change since last month -2.12%
YTD Total Return at NAV -8.27%
Highest NAV per unit (within 52 weeks) 20,801.57
Lowest NAV per unit (within 52 weeks) 17,048.45
Number of outstanding units * 30,124,565.93
% of foreign ownership * 8.83%
Distribution rate at NAV *
N/A

 

   
Expense ratio and Turnover rate

Operating expense rate (%) * 2.20%
Portfolio turnover rate (%) * 11.38%
   
   
   
(*) Update at 31/12/2018

Description

VCBF Blue Chip Fund (“VCBF-BCF”) is an open-ended fund which invests up to 100% of its Net Asset Value in listed equities with large market capitalization and good liquidity.

 

Investment objectives

The investment objective of the Fund is primarily to provide medium to long term capital appreciation.

 

Investment strategy

The Fund will primarily invest in a diversified portfolio of stocks listed on the Ho Chi Minh Stock Exchange (“HSX”) and the Ha Noi Stock Exchange (“HNX”) which have a large market capitalization and are liquid. Stocks with large market capitalization are considered as those with market capitalization larger than the hundredth largest stock listed on the HSX.

The Fund follows a blend of value and growth style of investing.

The Fund will follow a bottom-up approach to selecting stocks for investment, focusing on the individual attributes of a company, and choosing companies across sectors.

Benefits

The Fund gives you the opportunity to increase long-term returns through investment in a diversified portfolio of companies that are considered to be the best in their industry, i.e. Blue Chips. These companies typically have good growth prospects, have good management teams and are priced reasonably or undervalued.

VCBF Tactical Balanced Fund is an open-ended fund. You can read more about benefits of an open-ended fund in "Benefits of OEFs" item on menu “Open-end funds”.


What type of investors is the fund suitable for?

VCBF Blue Chip Fund focuses on generating long-tern returns from investments in large cap companies, hence could be considered as a core equity portfolio for all type of investors with an investment horizon of 3-5 years or longer.

 

Portfolio Statistics  
As of 31 December 2018
 
Net Asset Value VND 535,035,719,842  
Portfolio turnover rate

11.38%

Portfolio Positions
   
   
Total positions 39
   
   
Portfolio Details
As of 31 December 2018
Asset Mix  
Equity 98.88%
Cash

1.12%

Industry Breakdown
Banks 15.1%  
Industrial Goods & Services


14.9%

 
Food & Beverage  14.9%  
Construction & Materials 11.1%  
Telecommunications 7.7%  
Health Care 6.9%  
Automobiles & Parts 5.0%  
Utilities 4.7%  
Agriculture 4.3%  
Oil & Gas

4.0%

 
Retail 3.8%  
Personal & Household Goods 3.5%  
Technology 3.4%  
Chemicals 1.6%  

Financial Services

1.3%  
 Real Estate 1.2%  
Top 05 holdings

   
Company short name % of NAV
     
Vietnam Diary Products (VNM)  

6.9%

Military Bank JSB (MBB)

  6.5%
FPT Corporation (FPT)   6.1%
Viconship (VSC)   4.9%
PV Power (POW)   4.8%
Total   29.3%

Updating...

  • Ms. Nguyen Thi Hang Nga, MCom, CFA, 17 years of investment and audit experience.
  • Ms. Dương Kim Anh, Master of Economics in Banking & Finance, 17 years of investment and investment consulting experience. 

 

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