VinaWealth Enhanced Fixed Income Fund (VFF)
VFF is a bond open-ended fund with the objective of generating stable, low risk return in the medium term (1-3 years). Per regulations, VFF must invest at least 80% of the fund’s assets into fixed-income instruments, including government bonds, government-guaranteed bonds, municipal bonds, corporate bonds, valuable papers, and bank deposits. The fund may invest up to 15% of assets into listed equity. VFF’s performance benchmark is the average 3-month deposit rate of Vietnam’s 4 state-owned banks (Vietcombank, Vietinbank, BIDV, Agribank).
VFF is suitable for investors who have medium-term (1 year or more) investment horizons and desire to achieve risk-adjusted returns slightly higher than bank deposit rates. VFF is considered a low-risk fund, but the fund is subject to interest rate risk, market risk and economic conditions.
VFF Information
| Fund structure | Open-ended fund domiciled in Vietnam and regulated by SSC |
| Inception date | 01 April 2013 |
| Minimum investment amount | VND 2,000,000 / time |
| Trading frequency | Weekly, on Tuesdays |
| Management fee | 1.2% / year |
| Subscription fee | 0.0% |
| Redemption fee (based on holding period of the fund units) | |
| Switching fee (based on switching amount) | First switching order within a fiscal year
(from 1 January to 31 December): 0% Starting from the second switching order and thereafter: 0.5% |
| Custodian bank, supervisory bank and fund administrator | Standard Chartered Bank Vietnam |
| Transfer agency | Vietnam Securities Depository (VSD) |
Fund Performance
Fund Return
| YTD
0.6% |
2018
6.78% |
| 2017
9.9% |
2016
9.0% |
| 2015
6.7% |
NAV/Unit (VND)
| As of 25/02/2020
16,904 |
52 week high
16,907 |
| 52 week low
15,833 |
|
VFF Information
| Fund structure Open-ended fund domiciled in Vietnam and regulated by SSC |
| Inception date 01 April 2013 |
| Minimum investment amount VND 2,000,000 / time |
| Trading frequency Weekly, on Tuesdays |
| Management fee 1.2% / year |
| Subscription fee 0.0% |
| Redemption fee (based on holding period of the fund units) |
| Switching fee (based on switching amount) First switching order within a fiscal year (from 1 January to 31 December): 0% Starting from the second switching order and thereafter: 0.5% |
| Custodian bank, supervisory bankand fund administrator Standard Chartered Bank Vietnam |
| Transfer agency Vietnam Securities Depository (VSD) |
Fund Performance
Fund Return
| YTD
0.6% |
2018
6.78% |
| 2017
9.9% |
2016
9.0% |
| 2015
6.7% |
NAV/Unit (VND)
| As of 25/02/2020
16,904 |
52-week high
16,907 |
| 52-week low
15,833 |
|
| VFF – Prospectus Updated (VN) | November 19, 2019 |
| VFF – Prospectus Summary Updated (VN) | November 19, 2019 |
| VFF – Fund Charter Updated (VN) | September 13, 2019 |
| VFF – Brochure | January 04, 2019 |