VOF provides access to a high-conviction portfolio made up of public and private companies that benefit from the rapid development of Vietnam’s domestic economy, across all sectors.
These businesses have strong brands, scale, distribution, wide moat, coupled with strong management teams and sustainable practices. We typically invest in 25-30 companies at any given time.
top 10 holdings
1.
ACB
Asia Commercial Bank
Banking
NAV: 12.3%
2.
KDH
Khang Dien House
Real Estate
NAV: 10.4%
3.
FPT
FPT Corporation
IT
NAV: 8.7%
4.
HPG
Hoa Phat Group
Materials
NAV: 7.8%
5.
ACV
Airports Corporation of Vietnam
Industrials
NAV: 5.4%
6.
Private
Tam Tri Medical
Healthcare
NAV: 5.1%
7.
VHM
Vinhomes
Real Estate
NAV: 4.4%
8.
PNJ
Phu Nhuan Jewelry
Consumer Discretionary
NAV: 3.9%
9.
VPB
Vietnam Prosperity Bank
Banking
NAV: 3.9%
10.
Private
Thu Cuc Hospital
Healthcare
NAV: 3.8%
sector allocation
Financials
21.4%
Information Technology
8.7%
Real Estate
20.6%
Industrials
6.0%
Materials
13.5%
Consumer Staples
3.6%
Consumer Discretionary
12.9%
Energy
2.5%
Healthcare
8.8%
Cash & Others
2.0%
asset class by entry method
Listed Equity Portfolio by Entry Method
asset class by entry method
78.6%
Listed Equity
19.4%
Private Equity
2.0%
Cash & Others
Listed Equity Portfolio by Entry Method
Private Equity
26.9%
Privately Placement and PIPE
47.6%
Government Privatization
6.9%
Purchase of Stock Market
18.6%
Most of our investments, whether in public and private companies, are made through a privately negotiated process using the principles of private equity. VOF’s permanent capital structure allows us to own companies throughout their entire growth cycle, from private to public, if their growth justifies it.
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