| As of 30 Apr 2020 |
|
| Symbol | VCBF-TBF |
| Inception date | 24/12/2013 |
| License number | 07/GCN-UBCK |
| Supervisory bank | Standard Chartered Bank |
| Auditor | Ernst & Young |
| Distributors | VCBF, SSI, Vietcombank, VCBS |
| Profit distributions | N/A |
| Net Asset Value * | VND 171,663,061,665 |
| NAV/unit | 15912.72 |
| NAV change since last week | -16.54% |
| YTD Total Return at NAV | -19.30% |
| Highest NAV/ unit (52w) | 210,441.92 |
| Lowest NAV/ unit (52w) | 15,912.72 |
| Number of outstanding units * | 9,588,260.77 |
| % of foreign ownership * | 27.44% |
| Distribution rate at NAV * | N/A |
| Expense ratio and Turnover rate |
|
| Operating expense rate (%) * | 2.13% |
| Portfolio turnover rate (%) * | 16.67% |
| Portfolio Positions * | 25 |
| (*) Update on 30 June 2020 |
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.
The fund seeks long-term total return via growth of capital and current income.
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.
.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.
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 June 2020 |
 |
|
| Asset Mix | ||
| Equity | 40.6% | |
| Bond & Cash |
59.4% |
|
| Industry Breakdown |
 |
||||
| Industrial Goods & Services | 6.6% | ||||
| Banks | 5.5% | ||||
|
Utilities |
5.4% | ||||
| Food & Beverage | 5.2% | ||||
| Health Care | 3.9% | ||||
| Construction & Materials | 3.6% | ||||
| Telecommunications | 3.2% | ||||
| Oil & Gas | 2.2% | ||||
| Retail | 1.5% | ||||
| Insurance | 1.3% | ||||
| Personal & Household Goods | 1.2% | ||||
| Technology | 1.0% | ||||
| Financial Services | 0.0% | ||||
| Top 05 holdings |
||
| Company short name | % of NAV | |
| Masan Bond (MSN11906) |
8.9% |
|
| Bond of Ha Do Group JSC |
7.0% |
|
| Bond of Vinhomes (VHM11801) | 4.8% | |
| Bond of Vingroup (VIC11814) | 4.1% | |
|
Vietnam Dairy Product JSC (VNM) |
3.9% |
|
| Total |
28.7% |
|
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