Dragon Capital Vietfund Management (DCVFM) | Fund Factsheet

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DCBC PERFORMANCE

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General Information

Fund name DC Blue Chip Fund
Fund code DCBC
Fund Type Equity fund
Currency VND
Inception date 2008-02-28
Conversion date 2013-12-16
Fund Manager Dragon Capital Vietfund Management (DCVFM)
Custodian Bank Standard Chartered Bank VN
Transfer Agency Vietnam Securities Depository (VSD)
Distributors See homepage dragoncapital.com.vn
Management fee Up to 2%/NAV/year
Subscription fee 0%
Redemption fee 0% - 2,5% tùy thời gian nắm giữ
Switching fee 0% - 1% tùy thời gian nắm giữ
Trading cycle Everyday (T day)
Cut-off time 14h30 on T-1 day
Dividend Annually (upon AGM approval)
Total NAV (VND bn) 624.7
Number of outstanding shares (mn) 22.8
12-month Expense Ratio (%) 2.2
12-month Turn-over Ratio (%) 294.3

INVESTMENT OBJECTIVES

The objective of VFMVF4 is to seek long-term earnings from equity growth and dividends through investing in top-ranking enterprises operating in the essential sectors of Vietnam economy. The target investments shall be the blue-chip stocks listed or pre-listed on Vietnam stock markets. The Fund will deploy fundamental analysis as the principle for equity investment to assess growth potential, sustainability and risks of investment opportunities.

FUND PERFORMANCE

As of: 
At the end of April, the NAV per share of DCBC decreased by 7.4% compared to the previous month. The VN-Index also fell by 8.4% over the same period. Stocks that still maintained growth in the Fund’s portfolio are VHC (+9.4%), DGC (+3.2%). Vinh Hoan Joint Stock Company (“VHC”) is among the top growth stocks in DCBC’s portfolio. Regarding business results in the first quarter of 2022, VHC earned VND3,225bn in revenue (+80% yoy), bringing its profit after tax to VND553bn (increased 286% over the same period last year). In terms of market price, VHC stock has continuously surpassed its peak in the last 15 years and has increased by nearly 40% YTD. DCBC currently holds approx. 2% NAV of VHC shares in the portfolio. At the end of April, the Fund held 10.4% NAV as cash. In the coming time, DCBC will continue to focus on industries with sustainable growth prospects such as Banking, Real Estate and Materials.

Performance Chart

Rate of Return

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

asset allocation by sector (% nav)

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Top 10 holdings

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Stock Sector Exchange % NAV

Asset Allocation by asset class (% nav)

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Portfolio Statistics

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Fundamental ratios DCBC VN-Index
Risk ratios DCBC VN-Index

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.