The investment objective of DCBF is to generate returns by actively investing in Vietnamese fixed income markets (including government bonds, government guaranteed bonds, municipal bonds, corporate bonds), and money market instruments.

As at 31 May 2024, the net asset value of DCBF Fund units (NAV/unit) was VND 26,094.3, an increase of 0.56% compared to end of Apr 2024 and 2.78% YTD. For the month, DCBF outperformed the average 12-month deposit rates of the four biggest banks, which rose by 0.4% and 1.99% over the same period. In May 2024, DCBF issued 7.53m new fund certificates (units) with a value of VND 196.1 bn and bought back 2.6m units with a value of VND 66.5bn, resulting in a net subcription value of VND 129.7 bn. The total net asset value and total assets of the Fund as at 31 May 2024 was VND 1,238.5bn and VND 1,250.2bn, respectively. In May 2024, DCBF executed some transactions related to corporated bonds (CB). As at 31 May 2024, CBs made up the largest portion of the DCBF portfolio (43.5% compared to 49.4% as at end of Apr 2024); of which 13% for tenors less than 1 year), followed by cash and bank deposits combined (36.5% compared to 28.3% as at end of Apr 2024), and CDs (20.0% compared to 22.3% as at end of Apr 2024). The average remaining maturity of the portfolio is about 0.9 year and the average remaining maturity of the corporate bonds was 1.4 years.