VFMVN30 ETF – FUND PERFORMANCE

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VFMVN30 ETF – FUND PERFORMANCE

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General Information

Fund name VFMVN30 ETF
Fund code E1VFVN30
Bloomberg Ticker E1VFVN30 VN Equity
Listing Bourse HOSE
Fund Type ETF fund
Benchmark Index VN30 Total Return Index
Currency VND
Fund Manager VietFund Management (VFM)
Custodian Bank Standard Chartered Bank VN
Transfer Agency Vietnam Securities Depository (VSD)
Index Provider Ho Chi Minh Stock Exchange (HOSE)
Authorized Participants (AP) HSC, BVSC, TVSI, ACBS
Market Maker HSC
A Creation Unit Equal to 100,000 ETF fund certificates
Exchange Trading Time Daily
Management fee 0.65%/NAV/annually
Subscription fee 0%
Redemption fee 0%-0,15%
Dividend Annually (upon AGM approval)
Total NAV (VND bn) 4,613.8
Number of outstanding shares (mn) 454.1
12-month Expense Ratio (%) 0.8
12-month Turn-over Ratio (%) 20.0

investment objectives

The objective of VFMVN30 ETF is to replicate the performance of VN30 Benchmark Index as closest as possible after subtracting Fund’s expenses. VN30 Index is the price index established and managed by Ho Chi Minh Stock Exchange. VFMVN30 ETF has no foreign ownership limit. VFMVN30 ETF implements a passive investing strategy to carry out its preset investment objectives. When the basket of securities of VN30 index changes, VFMVN30 ETF will adjust the Fund’s portfolio to be consistent with the basket of VN30 index in terms of structure and weighting of assets. The value of investment portfolio of the Fund is often not less than 95% of the corresponding value of basket of securities of VN30 Benchmark Index.

INTRODUCTION OF BENCHMARK INDEX

VN30 is the Index of 30 stocks with highest liquidity, selected from Top50 largest free float adjusted capitalizations of HOSE. The index is re-balanced semi-annually (Jan and Jul) via a five-step screening process of HOSE-listed stocks:

  • Step 1: Listing conditions
  • Step 2: Minimum free float
  • Step 3: Minimum turnover ratio
  • Step 4: Selecting the top 50 market cap stocks
  • Step 5: Ranging from highest to lowest of average daily traded value within six months

KEY FACTS ABOUT VN30

  • Total market capitalization is USD 44.2 bn, accounted for 76.6% of HOSE’s total market capitalization.
  • 10/30 stocks have market capitalization of more than USD 1bn.
  • VN30’s market capitalization range is from $US 137.38 mm (FLC) – US$ 8.5 bn (VNM)
  • VN30’s daily traded value is USD 45.1 mm approximates 50.6 % of that of HOSE’s daily traded value.
  • 17/30 stocks have daily traded value of more than USD 1mm.
  • VN30’s daily traded value range is USD 0.34mm (REE) – 5.0 mm (VNM)

market capliquidity

 

Performance Chart

Rate of Return

As of: 
NAV/đvq & Index 1 month 3 months YTD 12 months Since Inception 

Top 10 holdings

As of: 
Stock Amount Value % NAV Foreign investors' ownership ratio
VNM 5,685,146 517.3 11.2 58.8
VIC 4,741,807 395.5 8.6 39.6
TCB 23,427,312 351.4 7.6 100.0
VPB 17,566,701 297.8 6.5 100.0
HPG 17,058,232 287.4 6.2 74.7
VJC 2,731,836 265.5 5.8 62.4
MSN 4,815,190 235.9 5.1 74.2
FPT 5,587,139 229.6 5.0 100.0
VHM 3,841,950 211.3 4.6 30.0
MBB 14,364,721 194.6 4.2 100.0
Total 64.8

Pricing

asset allocation by sector (% nav)

As of: 

Portfolio Statistics

As of: 
Fundamental ratios E1VFVN30 VN-Index
P/E Ratio 8.6 10.3
P/B Ratio 1.4 1.5
Dividend Yield (%) 1.8 2.8
Number of holdings 30 381
Risk ratios E1VFVN30 VN-Index
Beta 1.0 1.0
Standard Deviation (%) 17.6 17.0
Sharpe Ratio -2.1 -2.2

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Disclaimer

This document is issued by VietFund Management (VFM). The information herein is deemed reliable sources by VFM, based on published sources and VFM isn’t responsible for the accuracy of the information herein, except the information, data of Funds managed by VFM and provided in this document. This document reflects the views and assessments of the author at the time of issue, for references only and may change without notice. This document is neither a prospectus nor an offer or any commitment of VFM or Funds managed by VFM. VFM hasn’t obligation to update, revise this document in any form in the case of opinions, forecasts and estimations in this document changes or becomes inaccurate.