As of 28 February 2019


Symbol VCBF-TBF
Inception date 24/12/2013
License number 07/GCN-UBCK
Supervisory bank Standard Chartered Bank
Auditor Ernst & Young
Distributors SSI, Vietcombank, VCBS
Profit distributions N/A
Net Asset Value * VND 288,025,190,094 


 
NAV/unit 19,220.93 
NAV change since last month 1.39%
YTD Total Return at NAV 1.39%
Highest NAV/ unit (52w) 21,133.94
Lowest NAV/ unit (52w) 17,790.29
Number of outstanding units * 14,495,006.67 
% of foreign ownership * 18.46%
Distribution rate at NAV * n/a
Expense ratio and Turnover rate

Operating expense rate (%) * 1.96%
Portfolio turnover rate (%) * 27.12%
 Portfolio Positions * 44 
   
   
(*) Update at 31/03/2019

Description

The fund has flexibility in asset allocation taking either defensive or aggressive postures depending on opportunities available at various points in time. Under normal market conditions, the fund will invest 50% of its NAV in equity and 50% in high quality fixed income assets.

 

Investment objectives

The fund seeks long-term total return via growth of capital and current income.

 

Investment strategy

The fund invests in a diversified portfolio of listed common stocks, primarily in stocks with large market capitalization and Vietnam Government bonds, municipal bonds or bonds guaranteed by the Government or high quality listed corporate bonds.

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The fund actively seeks an optimal mix of equity and fixed income by evaluating risk and return of investment opportunities across the asset classes.

The fund follows a blend of value and growth style of equity investing and follows a bottom-up approach to stock-picking by valuing fundamentals of the companies.

 

Benefits

The fund offers a broad diversification and balanced exposure to the asset classes, making it attractive as a solid core holding in an investor’s portfolio.

.

The fund benefits from a flexible asset allocation strategy when economic conditions change.

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”.

 

 
Portfolio Details       
As of 30 April 2019
Asset Mix    
Equity


68.4%

Bond & Cash


31.6%

Industry Breakdown
 
Banks 14.3%  
Industrial Goods & Services 13.6%  

Construction & Materials

10.8%  
Food & Beverage 10.6%  
 Telecommunications 10.0%  
Technology 5.9%  
Oil & Gas

5.1%

 
Utilities 4.8%  
Automobiles & Parts 4.7%  
Agriculture 4.6%  
Retail 4.6%  

Health Care

3.8%  
Chemicals 2.4%  
Real Estate 2.6%  
Financial Services 1.3%  
Personal & Household Goods 0.8%  
Watering service 0.2%  
Top 05 holdings

   
Company short name % of NAV
     
Masan Corporation’s Bonds  

5.4%

FPT Corporation (FPT)  

5.1%

Vietnam Dairy Product JSC (VNM)   4.9%
Millitary Joint Stock Bank (MBB))   4.5%

Viconship JSC (VSC)

 


4.0%

 Total  

23.9%

 

  • 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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