As of 22 February 2024


Symbol VCBF-TBF
Inception date 24/12/2013
License number 07/GCN-UBCK
Supervisory bank Standard Chartered Bank
Auditor Ernst & Young
Distributors VCBF, SSI, VCBS, FMARKET
Profit distributions N/A
Net Asset Value     248,472,677,215 VND


 
NAV/unit 29,583.43
NAV change since last period  
YTD Total Return at NAV  
Highest NAV/ unit (52w) 210,441.92
Lowest NAV/ unit (52w) 15,912.72
Number of outstanding units 8,399,046.93
% of foreign ownership * 32.98%
Distribution rate at NAV * N/A
Expense ratio and Turnover rate

Operating expense rate (%) * 2.13%
Portfolio turnover rate (%) * 8.56%
 Portfolio Positions * 35
   
   
(*) Update on 22 February 2024

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 Details  

As of 31 December 2023

danh muc vcbf
Asset Mix  
Equity 69.4%
Fixed income 

27.3%

Cash and Others     1.5%
   
   
Industry Breakdown
Financials 34.0% danh muc vcbf
Real Estate 12.4%

Not Classified

11.1%
Information Technology 10.4%
Consumer Discretionary 8.4%
Industrials 6.9%
Materials 5.2%
Consumer Staples 4.6%
Energy 4.0%
Utilities 2.9%
   
Top 05 holdings

 
Company short name % of NAV
FPT Corp (FPT)

7.2%

Bond of Masan MEATLife (MML121021)

6.7%

Sai Gon Thuong Tin Commercial JS Bank (STB) 5.3%
Coteccons Construction Joint Stock Company (CTD122015) 4.6%
Military Commercial Joint Stock Bank (MBB)

4.6%

Total

28.4%

  • Ms. Nguyen Thi Hang Nga, MCom, CFA, 24 years of investment and audit experience.
  • Ms. Dương Kim Anh, Master of Economics in Banking & Finance, 23 years of investment and investment consulting experience. 
  • Mr. Nguyen Trieu Vinh, CFA, 20 years of investment and audit experience.

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