Dragon Capital Vietfund Management (DCVFM) | Fund Factsheet

Support
Hotline
1800 1203

DCBF FUND PERFORMANCE

Download

General Information

Fund name DC Bond Fund
Fund code DCBF
Fund Type Bond fund
Currency VND
Inception date 2013-06-10
Conversion date 0000-00-00
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 1,2%
Subscription fee 0%
Redemption fee 0% - 2% tùy thời gian nắm giữ
Switching fee 0% - 1% tùy thời gian nắm giữ
Trading cycle Every Friday (T day)
Cut-off time 14h30 on T-1 day
Dividend Annually (upon AGM approval)
Total NAV (VND bn) 829.6
Number of outstanding shares (mn) 36.3
12-month Expense Ratio (%) 1.4
12-month Turn-over Ratio (%) 200.9

INVESTMENT OBJECTIVES

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.

FUND PERFOMANCE AND COMMENTARY

As of: 
As at 30 Apr 2022, the net asset value of DCBF Fund units (NAV/unit) was VND 22,826.82, an increase of 0.80% vs end-Mar 2022, and 2.46% ytd. For both the month and ytd, DCBF outperformed its internal reference index (the 3-year Total Income Government Bond Index of the Hanoi Stock Exchange), which declined by 0.55% and 2.83% during the same periods, respectively. In Apr 2022, DCBF issued 0.80m new fund certificates (units) with a value of VND 18.25bn and bought back 1.97m units with a value of VND 44.88bn, resulting in a net redemption value of VND 26.62bn. Ytd, the Fund has bought back a net of 0.82m units with a net redemption value of VND 19.6bn. The total net asset value and total assets of the Fund as at 30 Apr 2022 was VND 829.62bn and VND 844.36bn, respectively. As at 30 Apr 2022, corporate bonds (CB) made up the biggest portion of the DCBF portfolio (73.7% vs 77.4%, at end-Mar 2022), followed by certificates of deposit (CD) (16.0%, vs 19.7% at end-Mar 2022) and cash and bank deposits (together 10.3% vs 2.9% at end-Mar 2022). In Apr 2022, DCBF executed many trades, thereby reducing exposure to CDs and reducing some current CB holdings, then switched to other CBs which have better liquidity and higher yields. The proportion of cash and bank deposits was improved at end-Apr and will be maintained at around 5-10% of AUM to meet the investor redemptions, if any.  

Performance Chart

Rate of Return

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

ASSET ALLOCATION

As of: 

Disclaimer

This document is issued by Dragon Capital VietFund Management (DCVFM). The information herein is deemed reliable sources by DCVFM, based on published sources and DCVFM isn’t responsible for the accuracy of the information herein, except the information, data of Funds managed by DCVFM 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 DCVFM or Funds managed by DCVFM. DCVFM 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