Top holdings
| Investee Company | % of NAV | Sector | Description |
|---|---|---|---|
| Hoa Phat Group | 11.0% | Construction materials | Largest steel manufacturer |
| Khang Dien House (KDH) | 9.9% | Real estate projects | Leading developer of townhouses in D9, HCMC |
| Airports Corporation of Vietnam (ACV) | 7.9% | Infrastructure | Vietnam’s airport operator and developer |
| Phu Nhuan Jewelry (PNJ) | 7.1% | Consumer discretionary | Largest jewelry manufacturer and distributor in Vietnam |
| Vinamilk (VNM) | 6.4% | Food & beverage | Leading dairy company with dominant market share |
| Eximbank (EIB) | 4.7% | Financial services | Top ten commercial bank |
| Quang Ngai Sugar (QNS) | 3.2% | Food & beverage | Producer of Vietnam’s leading soymilk beverages |
| Coteccons (CTD) | 2.7% | Real estate & construction | Leading construction company |
| Orient Commercial Bank (OCB) | 2.5% | Financial services | Commercial Bank in Vietnam |
| Ho Chi Minh City Development Bank | 2.2% | Financial services | Commercial Bank in Vietnam |
| Total | 57.6% |
Capital market equities; as of 30 September 2019.