VCG Partners Vietnam Fund (VVF)
VVF is an actively managed fund that invests in public equities of companies that are based in Vietnam, with an objective to provide long-term sustainable capital appreciation, through bottom-up stock picking and disciplined risk management
- Is an open-ended UCITS compliant fund
- Invests in high growth companies with reasonable valuations
- Offers a highly competitive pricing policy on an actively managed portfolio, with no performance fee
- Is managed by a highly qualified team of local fund managers with international fund management experience
| Structure | UCITS-compliant open-ended investment fund |
| Domicile | Luxembourg |
| Strategy | Geographical focus is Vietnam, bottom-up, long-term investment approach |
| Valuation Policy | NAV |
| NAV Frequency | Business Day in Luxembourg and Vietnam with the exception of Good Friday, 24 December (Christmas Eve) and any other day on which the stock exchanges in Vietnam are closed. List of Holidays in Luxembourg can be found here. List of Holidays in Vietnam can be found here. |
| Subscription / Redemption Dealing Date | Daily, cut-off time is 6:00 pm Luxembourg time |
| Management Company | Edmond de Rothschild Asset Management (Luxembourg) |
| Depository Bank | Edmond de Rothschild (Europe) |
| Investment Manager | VinaCapital Fund Management JSC (a subsidiary of VinaCapital Group) |
| Auditor | PriceWaterhouse Coopers Societe Cooperative, Luxembourg |
| Registration for Public Distribution | UK (Ref. No.: 717686); Germany (BaFin ID: 70146150); Singapore (Scheme No.: 15N89T90502); Austria; Switzerland; Sweden, the Netherlands |
| Local Agents (as required by regulatory law) | ||||||
|---|---|---|---|---|---|---|
| Country | Austria | Germany | Switzerland | UK | Sweden | |
| Function | Paying and Information Agent | Information Agent | Swiss Representative | Paying Agent | Facilities Agent | Paying Agent |
| Entity | Erste Bank der oesterrelchischen Sparkassen AG | Zeidler Legal Services | First Independent Fund Services Ltd | NPB Neue Privat Bank AG | Zeidler Legal Services | MFEX Mutual Funds Exchange AB |
| Address | OE 0984, Graben 21, A-1010 Vienna Austria | Bettinastraße 48 60325 Frankfurt am Main Germany | Klausstrasse 33 CH-8008 Zurich Switzerland | Limmatquai 1/am Bellevue P.O.Box CH-8022 Zurich Switzerland | Aldgate Tower, 35 Whitechapel High Street, London E1 7PU, United Kingdom | Grev Turegatan 19 Box 5378 SE-102 49 Stockholm, Sweden |
| Share Class Information | |||||||
|---|---|---|---|---|---|---|---|
| A | B | C | D | E | F | G | |
| Valuation Currency | USD | USD | EUR | EUR | USD | GBP | JPY |
| Type of Investors | Restricted1 | Unrestricted | Unrestricted | Unrestricted | Unrestricted | Unrestricted | Unrestricted |
| Issue Price | USD10 | USD10 | EUR10 | EUR10 | USD10 | GBP10 | JPY1,000 |
| Minimum Initial Subscription | USD500,000 | USD5,000 | EUR500,000 | EUR5,000 | USD500,000 | GBP3,000,000 | JPY10,000,000 |
| Minimum Holding | USD500,000 | USD5,000 | EUR500,000 | EUR5,000 | USD500,000 | GBP3,000,000 | JPY10,000,000 |
| Front-end Load | None | None | None | None | None | None | None |
| Redemption Fee | None | None | None | None | None | None | None |
| Management Fee | Up to 1.25% | Up to 2% | Up to 1.25% | Up to 2% | Up to 1.25% | Up to 1.25% | Up to 2% |
| Performance Fee2 | None | None | None | None | None | None | None |
| ISIN | LU1163030197 | LU1163027052 | LU1214542463 | LU1214545136 | LU1286782559 | LU1286782716 | LU1286783011 |
| Bloomberg | FOVCPVA LX Equity | FOVIEBU LX Equity | FOVIECE LX Equity | FOVIEDE LX Equity | FOVIEEU LX Equity | FOVCPVG LX Equity | |
- The current Prospectus, KIIDs, the Articles, and the annual and semi-annual reports of the Company are available to the Investors at the registered offices of the Company at 20, rue Emmanuel Servais, L-2535 Luxembourg, and the local agents’ offices as listed above.
- To visit Edmond de Rothschild click Here
1Class A Shares are restricted to existing holders of the Listed Portfolio Share class (AIM: VNIL) of Vietnam Infrastructure Limited; external investors may subscribe to the Class A Shares at the discretion of the Investment Manager.
2Performance fee on all share classes was removed effective Jan 1st 2022. Before 2022: 15% of the outperformance of the NAV per Share over the Adjusted Reference NAV as described in Section IX of the Forum One-VCG Partners Vietnam Fund Prospectus.
NAV
Benchmark
| As of 05-08-2022 |
YTD return (2022) (%) |
1-year return (%) | 3-year annualized return (%) |
5-year annualized return (%) |
Annualized return since inception (14-07-2015) (%) |
|---|---|---|---|---|---|
| VVF | -9.0 | 0.4 | 17.7 | 11.6 | 12.6 |
| Benchmark | -18.3 | -8.5 | 8.6 | 9.1 | 8.9 |
*Benchmark: VN-Index (USD)
| Year | 2021 | 2020 | 2019 |
| Fund Return | 49.5% | 22.8% | 0.1% |
2021
| FORUM ONE – 2021-12-31 ANNUAL REPORT | May 17, 2022 |
| FORUM ONE – 2021-06-30 SEMI ANNUAL REPORT | September 13, 2021 |
2020
| FORUM ONE – 2020-12-31 ANNUAL REPORT | September 13, 2021 |
| FORUM ONE – 2020-06-30 SEMI ANNUAL REPORT | October 31, 2020 |
2019
| FORUM ONE – 2019-12-31 ANNUAL REPORT | May 26, 2020 |
| FORUM ONE – 2019-06-30 SEMI ANNUAL REPORT | February 05, 2020 |
2018
| FORUM ONE – 2018-12-31 ANNUAL REPORT | February 05, 2020 |
| FORUM ONE – 2018-06-30 SEMI ANNUAL REPORT FINAL | October 10, 2018 |
Shareholder Notifications
| Redemption Notice to Shareholders | February 12, 2019 |
Prospectus & KIID
| Prospectus – February 2022 | April 21, 2022 |
| KIIDOC-LU1286782559-Class E | February 18, 2022 |
| KIIDOC-LU1214545136-Class D | February 18, 2022 |
| KIIDOC-LU1214542463-Class C | February 18, 2022 |
| KIIDOC-LU1163027052-Class B | February 18, 2022 |
| KIIDOC-LU1163030197-Class A | February 18, 2022 |
| KIIDOC-LU1286783011-Class G | February 18, 2022 |
Investor Booklet
| 20 January 2016 – Investor Pack | August 17, 2021 |
| 2018 06 12 – Forum_One_Attestation_UCITS_ EN | October 10, 2018 |
| 2018 06 12 – Forum_One_Attestation_UCITS_ FR | October 10, 2018 |
| 2018 06 12 – Forum_One_Attestation_UCITS_ DE | October 10, 2018 |