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 2023, the net asset value of DCBF Fund units (NAV/unit) was VND 24,010.8, an increase of 0.8% compared to end of April 2023, and 3.2% YTD. For both the month and YTD, DCBF outperformed the average 12-month deposit rates of the four biggest banks, which rose by 0.6% and 3.1% over the same period, respectively. The total net asset value and total assets of the Fund as at 31 May 2023 was VND 387.2bn and VND 390.5bn, respectively. In May 2023, DCBF restructured the portfolio by executing buy and sell transactions, most of which were related to listed corporate bonds (CBs). This resulted in a decrease in exposure to CBs and an increase in cash and cash equivalents. As at 31 May 2023, CBs made up the largest portion of the DCBF portfolio (74.0%, compared to 84.9% as at end of April 2023), followed by cash and bank deposits (combined 26.0%, compared to 15.1% as at end of April 2023). With the target of maintaining the Fund's high liquidity and relatively good return, DCBF will continue to maintain a high exposure to good corporate bonds. Cash and bank deposits will be kept at adequate levels to ensure the liquidity needs of investors, should any outflows occur. .