As of 31 December 2018


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 282,504,033,202 


 
NAV/unit 18,956.52 
NAV change since last month -1.28%
YTD Total Return at NAV -4.27%
Highest NAV/ unit (52w) 21,133.94
Lowest NAV/ unit (52w) 17,790.29
Number of outstanding units * 14,902,732.92
% of foreign ownership * 17.95%
Distribution rate at NAV * n/a
Expense ratio and Turnover rate

Operating expense rate (%) * 2.00%
Portfolio turnover rate (%) * 21.43%
   
   
   
(*) Update at 31/12/2018

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.

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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 Statistics  
As of 31 December 2018

 
Net Asset Value  VND  282,504,033,202
Portfolio turnover rate 21.43%
Portfolio Positions
   
   
Total positions 45
   
   
Portfolio Details       
As of 31 December 2018
Asset Mix    
Equity


70.6%

Bond & Cash

29.4%

Industry Breakdown
 
Industrial Goods & Services 14.9%  
Banks 12.8%  

Food & Beverage

11.4%  
Construction & Materials 11.3%  
 Telecommunications 8.1%  
Utilities 6.4%  
Oil & Gas

5.9%

 
Automobiles & Parts  5.0%  
Agriculture 4.7%  
Health Care 4.2%  
Chemicals 3.4%  

Retail

3.0%  
Personal & Household Goods 2.9%  
Technology 2.5%  
Real Estate 2.2%  
Financial Services 1.4%  
Top 05 holdings

   
Company short name % of NAV
     
Vietnam Dairy Product (VNM)  

5.7%

Masan Bond (MSN11718)  

5.3%

FPT Corp (FPT)

  4.4%
Viconship (VSC)   4.0%

Millitary bank (MBB)

 

3.4%

 Total  

22.8%

 

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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