As of 30 Sep 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 183,200,173,648


 
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  9,371,143.56
% of foreign ownership * 27.62%
Distribution rate at NAV * N/A
Expense ratio and Turnover rate

Operating expense rate (%) * 2.09%
Portfolio turnover rate (%) * 8.97%
 Portfolio Positions * 27
   
   
(*) Update on 30 Sep 2020

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.

.

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 Sep 2020
Asset Mix  
Equity 44.9%
Bond & Cash

55.1%

   
   
Industry Breakdown

       
Banks     6.8%  
Utilities     5.5%  

Capital Goods

    4.3%  
Food & Beverage & Tobacco     4.2%  
Pharmaceuticals, Biotechnology     4.1%  
Materials     3.9%  
Technology Hardware & Equipment     3.6%  
Other     3.5%  
Energy     3.4%  
Insurance     1.7%  
Consumer Durables & Apparel     1.6%  
Retailing     1.2%  
Transportation     1.1%  
Real Estate     0.3%  
Diversified Financials     0.01%  
         
Top 05 holdings

   
Company short name % of NAV
Masan Bond (MSN11906)  

8.3%

Bond of Ha Do Group JSC  

7.0%

Bond of Vinhomes (VHM11801)   4.4%
Vietnam Dairy Product JSC (VNM)   4.2%

Military Joint Stock Bank (MBB)

 

4.0%

Total  

27.9%

  • Ms. Nguyen Thi Hang Nga, MCom, CFA, 19 years of investment and audit experience.
  • Ms. Dương Kim Anh, Master of Economics in Banking & Finance, 20 years of investment and investment consulting experience. 

Submit information
to get advice

You want to invest? Please fill the form:

* All information registered is protected by VCBF

.
Thank you.
Your information are sent successfully.
We will contact you shortly.
Please waiting...
back to top