As of 30 November 2023

Inception date 02/12/2021
License number 48/GCN-UBCK
Supervisory bank Standard Chartered Bank
Auditor Ernst & Young
Distributors VCBF, FMARKET
Profit distributions N/A

Net Asset Value

321,909,745,234 VND

NAV/unit 10,211.76
NAV change since last period 1.38%
YTD Total Return at NAV


Highest NAV/ unit (52w) 27,193.79
Lowest NAV/ unit (52w) 20,665.63
Number of outstanding units


% of foreign ownership * 0.28%
Distribution rate at NAV * N/A
Expense ratio and Turnover rate

Operating expense rate (%) * 2.26%
Portfolio turnover rate (%) * 3.47%
Portfolio Positions * 27 
(*) Update at 30 November 2023


VCBF Midcap Growth Fund (VCBF-MGF) is an open-ended fund which invests up to 100% of its Net Asset Value in listed equities with mid 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 mid market capitalization and are liquid.

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.


Benchmark of the Fund

The VNMIDCAP Index shall be the benchmark.



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. These companies typically have good growth prospects, have good management teams and are priced reasonably or undervalued.

The Fund has other benefits as 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 Midcap Growth Fund focuses on generating long-term returns from investments in mid 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 30 September 2023
danh muc vcbf


Asset Mix 
Equity 97.8%
Cash and Others


Industry Breakdown
Financials 30.8% danh muc vcbf           
Not Classifed 16.6%
Consumer Discretionary




Real Estates

Utilities 6.4%
Information Technology 6.0%
Health care 4.9%
Materials 2.8%
Top 05 holdings

Company short name % of NAV
Sai Gon Thuong Tin Commercial JS Bank (STB)


Coteccons Construction Joint Stock Company (CTD) 5.6%
Viettel Post Joint Stock Corporation (VTP)Q 5.2%
uang Ngai Sugar Joint Stock Company 4.8%
Binh Dinh Pharmaceutical and Medical Equipment JSC (DBD) 4.7%
Total 31.1%


  • Mr. Nguyen Trieu Vinh, CFA, 20 years of investment and audit experience.
  • Mr. Nguyen Duy Anh, CFA, 10 years of investment and investment consulting experience.
  • Mr. Pham Le Duy Nhan, 10 years of investment and investment consulting experience.
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