Vietnam Emerging Market Fund SICAV (“VEMF SICAV”), launched in June 2014, is a UCITS compliant Luxemburg-incorporated fund. This is a Vietnam dedicated equity fund, mainly investing in public listed equities in Vietnam, on an actively-managed basis. The Fund’s mandate also allows investments in convertible debts and other equity‐linked instruments.
The Fund is open-ended with daily NAV, allowing for daily subscriptions and redemptions
Key Investor Information Document (KIID) – Class A
Key Investor Information Document (KIID) – Class B
Key Investor Information Document (KIID) – Class C
Key Investor Information Document (KIID) – Class D
Fund Information
| Domicile | Luxembourg / June 2014 |
| Structure |
• Open-ended UCITS SICAV with daily NAV and Subscription/Redemption. • Single fund with 4 share classes: A Shares (Institutional and HNWIs, EUR), B Shares (Retail, EUR), C Shares (Institutional and HNWIs, USD) and D Shares (Retail, USD) |
| UCITS IV Management Company | IPConcept (Luxemburg) S.A. |
| Fund Manager | VAM (Vietnam) |
|
Custodian Bank/ Fund Administrator/ Registrar and Transfer Agent |
DZ PRIVATBANK S.A., Luxemburg |
| Auditor | KPMG Luxemburg S.à r.l. |
| Share Classes | A Shares B Shares C Shares D Shares |
|
ISIN Code Bloomberg ID Securities No. |
LU1042536018 LU1042536281 LU1218444351 LU1218444435 IPCVEMA LX IPCVEMB LX IPCVEMC LX IPCVEMD LX A1XE8U A1XE8V A14RPQ A14RPR |
| Minimum Initial Investment | EUR500,000 EUR1,000 USD500,000 USD1,000 |
| Minimum Subsequent Investment | EUR100,000 EUR1,000 USD100,000 USD1,000 |
| Upfront Load |
0% Up to 1.5% 0% Up to 1.5% |
| Redemption Fee | 0% 0% 0% 0% |
| Management Fee | Up to 1.62% Up to 2.12% Up to 1.62% Up to 2.12% |
| Performance Fee | 18% over 5% hurdle on high-water-mark basis for all share classes |
Performance
(As of 30 Jun, 2019)
| NAV/Share | Change (%) | ||||||||||
| 1 M | 3 M | 6 M | YTD | 1 Y | 2 Y | 3 Y | 4 Y | 5 Y | Since Inception | ||
| VEMF SICAV - CLASS A | 1,138.8 | -2.7 | -4.1 | -0.1 | -0.1 | -9.6 | -7.0 | -2.7 | -0.7 | 14.0 | 13.9 |
| VN-Index (EUR) | - | -4.3 | -5.6 | 4.6 | 4.6 | -1.3 | 19.8 | 39.7 | 46.2 | 76.9 | 78.8 |
| VEMF SICAV - CLASS B | 1,092 | -2.7 | -4.3 | -0.3 | -0.3 | -10.1 | -8.2 | -4.7 | -3.3 | 0 | 9.2 |
| VN-Index (EUR) | - | -4.3 | -5.6 | 4.6 | 4.6 | -1.3 | 19.8 | 39.7 | 46.2 | 0 | 71.5 |
| VEMF SICAV - CLASS C | 982.6 | -0.6 | -3.0 | -0.4 | -0.4 | -11.3 | -8.3 | 0 | 0 | 0 | -1.7 |
| VN-Index (USD) | - | -2.2 | -4.4 | 4.3 | 4.3 | -2.9 | 19.3 | 0 | 0 | 0 | 42.9 |