Top holdings
| Investee Company | % of NAV | Sector | Description |
|---|---|---|---|
| Hoa Phat Group | 12.3% | Construction materials | Largest steel manufacturer |
| Khang Dien House (KDH) | 8.8% | Real estate projects | Leading developer of townhouses in D9, HCMC |
| Airports Corporation of Vietnam (ACV) | 7.9% | Infrastructure | Vietnam’s airport operator and developer |
| Vinamilk (VNM) | 7.1% | Food & beverage | Leading dairy company with dominant market share |
| Phu Nhuan Jewelry (PNJ) | 6.4% | Consumer discretionary | Largest jewelry manufacturer and distributor in Vietnam |
| Eximbank (EIB) | 4.9% | Financial services | Top ten commercial bank |
| Quang Ngai Sugar (QNS) | 3.5% | Food & beverage | Producer of Vietnam’s leading soymilk beverages |
| Coteccons (CTD) | 3.3% | Real estate & construction | Leading construction company |
| VietJet Air (VJC) | 3.1% | Industrials | International low-cost airline |
| PVPower (POW) | 2.5% | Utilities | Electric power generation company |
| Total | 59.9% |
Capital market equities; as of 28 February 2019.