VCBF BLUE CHIP FUND
As of 31 Aug 2020



Symbol VCBF-BCF
Inception date 08/22/2014
License number 13/GCN-UBCK
Supervisory bank Standard Chartered Bank
Auditor N/A
Distributors VCBF, SSI, VCB, VCBS
Profit distributions N/A
Net Asset Value  VND 304,245,361,598
   


 
NAV per Fund unit 13,070.46 
NAV change since last week -24.60%
YTD Total Return at NAV -21.17%
Highest NAV per unit (within 52 weeks) 19,262.07
Lowest NAV per unit (within 52 weeks) 13,070.46
Number of outstanding units  17,469,304.54
% of foreign ownership *

15.49%

Distribution rate at NAV *
N/A

 

   
Expense ratio and Turnover rate

Operating expense rate (%) * 2.41%
Portfolio turnover rate (%) *

34.16%

Porfolio positions  * 26
   
   

(*) Update on 31 Aug 2020

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 Details
As of 31 Aug 2020
Asset Mix  
Equity 73.88%
Cash

26.12%

Industry Breakdown
Banks 12.4%  
Materials  7.9%   
Pharmaceuticals, Biotechnology

6.7%

 
Technology Hardware & Equipment

6.6%

 
Capital Goods 6.5%  
Food, Beverage & Tobacco   6.2%  
Utilities   5.4%  
Others 5.0%  
Energy 4.9%  
Insurance 3.0%  
Consumer Durables & Apparel 2.9%  
Transportation 2.3%  
Retailing 2.2%  
Real Estate 1.7  
Diversified Financials 0.01%  
Top 05 holdings

   
Company short name % of NAV
     
Military Joint Stock Bank (MBB)  

6.9%

FPT Corporation (FPT)

  6.6%
Vietnam Dairy Product JSC (VNM)   6.2%
Hoa Phat Group JSC (HPG)   4.5%
Petrovietnam Technical Services (PVS)   4.0%
Total   28.2%

 

  • Ms. Nguyen Thi Hang Nga, MCom, CFA, 19 years of investment and audit experience.
  • Ms. Dương Kim Anh, Master of Economics in Banking & Finance, 20 years of investment and investment consulting experience. 

 

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