Top holdings
| Investee Company | % of NAV | Sector | Description |
|---|---|---|---|
| Hoa Phat Group | 12.0% | Construction materials | Largest steel manufacturer |
| Khang Dien House (KDH) | 8.9% | Real estate projects | Leading developer of townhouses in D9, HCMC |
| Phu Nhuan Jewelry (PNJ) | 7.7% | Consumer discretionary | Largest jewelry manufacturer and distributor in Vietnam |
| Airports Corporation of Vietnam (ACV) | 6.9% | Infrastructure | Vietnam’s airport operator and developer |
| Vinamilk (VNM) | 5.5% | Food & beverage | Leading dairy company with dominant market share |
| Eximbank (EIB) | 5.3% | Financial services | Top ten commercial bank |
| Quang Ngai Sugar (QNS) | 3.1% | Food & beverage | Producer of Vietnam’s leading soymilk beverages |
| Orient Commercial Bank (OCB) | 2.8% | Financial services | Commercial Bank in Vietnam |
| FPT Corporation (FPT) | 2.2% | Technology | Largest information technology service company |
| Coteccons (CTD) | 1.5% | Real estate & construction | Leading construction company |
| Total | 56.1% |
Capital market equities; as of 30 September 2019.