Top 10 holdings

Investee company % of NAV Sector Description
Vinamilk (VNM) 16.9% Food & beverage Leading dairy company with dominant market share.
Hoa Phat Group  8.8% Construction materials Largest steel manufacturer.
Sofitel Legend Metropole Hotel Hanoi 7.3% Hospitality projects One of Vietnam's premium hotels.
Khang Dien House (KDH) 4.5% Real estate projects Leading developer of townhouses in D9, HCMC.
International Dairy Product (IDP) 4.4% Food & beverage A top five dairy company with huge growth potential.
Phu Nhuan Jewelry (PNJ) 4.1% Consumer discretionary The largest jewelry manufacturer and distributor in Vietnam.
Quang Ngai Sugar JSC (QNS) 4.0% Food & beverage Producer of Vietnam's leading soymilk beverages.
Eximbank (EIB)  3.4% Financial services Top ten commercial bank.
PetroVietnam Technical Services (PVS) 2.5% Mining, oil & gas Services the O&G industry in Vietnam, internationally.
An Cuong Woodworking 2.2% Construction materials Leading woodworking and decorative materials manufacturer.
Total 58.1%    

*As of 31 October 2016