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 31 Jul, 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 | 1,17 | 2.7 | -1.6 | 2.3 | 2.7 | -4.4 | 1.2 | -1.3 | 0.5 | 17.5 | 17.0 |
| VN-Index (EUR) | - | 7.2 | 1.3 | 10.4 | 12.1 | 9.4 | 31.1 | 43.5 | 46.5 | 83.9 | 91.7 |
| VEMF SICAV - CLASS B | 1,121.5 | 2.7 | -1.7 | 2.1 | 2.4 | -4.9 | -0.2 | -3.3 | -2.1 | 12.1 | 12.1 |
| VN-Index (EUR) | - | 7.2 | 1.3 | 10.4 | 12.1 | 9.4 | 31.1 | 43.5 | 46.5 | 83.9 | 83.9 |
| VEMF SICAV - CLASS C | 989.2 | 0.7 | -1.8 | -0.2 | 0.3 | -9.1 | -5.5 | 0 | 0 | 0 | -1.1 |
| VN-Index (USD) | - | 4.9 | 1.0 | 7.6 | 9.4 | 4.2 | 24.2 | 0 | 0 | 0 | 50.0 |