Dragon Capital Vietfund Management (DCVFM) | Fund Factsheet

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General Information

Fund name DC Dividend Focus Equity Fund
Fund code DCDE
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) 530.3
Number of outstanding shares (mn) 18.2
12-month Expense Ratio (%) 2.3
12-month Turn-over Ratio (%) 220.4



As of: 
In May, VN-Index increasing by +4.3% compared to the previous month, bringing its year-to-date growth to +11.7%. Strong domestic cash flow and positive investor sentiment helped the market avoid the "Sell in May" phenomenon. The DCDE fund's Net asset value per share increased by +7.3% from the previous month, outperforming the VN-Index by 3%. Year-to-date, the fund has grown by +15.4%, exceeding the VN-Index's growth by 3.7%. Throughout the past month, the fund maintained a high allocation in the Banking sector (20.9% of NAV), followed by Retail (17.7% of NAV). A highlight in the fund's portfolio in May was VEA ("Vietnam Engine and Agricultural Machinery Corporation"), which saw nearly a 27% increase since the beginning of the month. VEA is known for its attractive and regular dividend policy, with a projected dividend payout of over VND5,000 per share this year. Although the business plan for 2024 is somewhat cautious, VEA remains an attractive investment due to its growth potential and appealing dividend policy. Looking ahead, the DCDE fund will distribute cash dividends to investors in June. Additionally, the fund will continue its investment strategy of seeking and holding stocks with high growth potential and regular cash dividend payouts to optimize returns and increase investment value.

Performance Chart

The NAV excludes the 1,300 VND per fund certificate dividend recorded on June 7, 2024

Rate of Return

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

The investment return excludes the 1,300 VND per fund certificate dividend recorded on June 7, 2024


As of: 

Top 10 holdings

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Stock Sector Exchange % NAV


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Portfolio Statistics

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Fundamental ratios DCDE VN-Index
Risk ratios DCDE VN-Index


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