Top holdings
| Investee Company | % of NAV | Sector | Description |
|---|---|---|---|
| Hoa Phat Group | 13.4% | Construction materials | Largest steel manufacturer |
| Vinamilk (VNM) | 10.9% | Food & beverage | Leading dairy company with dominant market share |
| Airports Corporation of Vietnam (ACV) | 9.0% | Infrastructure | Vietnam’s airport operator and developer |
| Khang Dien House (KDH) | 6.3% | Real estate projects | Leading developer of townhouses in D9, HCMC |
| Phu Nhuan Jewelry (PNJ) | 6.1% | Consumer discretionary | Largest jewelry manufacturer and distributor in Vietnam |
| VietJet Air (VJC) | 4.7% | Industrials | International low-cost airline |
| Quang Ngai Sugar (QNS) | 3.2% | Food & beverage | Producer of Vietnam’s leading soymilk beverages |
| Eximbank (EIB) | 3.1% | Financial services | Top ten commercial bank |
| Coteccons (CTD) | 3.0% | Real estate & construction | Leading construction company |
| PetroVietnam Technical Services Corporation (PVS) | 2.6% | Mining, oil & gas | Support services for oil & gas exploration, drilling |
| Total | 62.4% |
Capital market equities; as of 31 December 2017.