Thien Viet Growth Fund 5 – TVGF5
STRUCTURE
TVGF5 is a closed-end fund with a 5-year lifespan, listed on HoSE with a diversified investment strategy in listed and prelisted Vietnamese companies. During its lifespan, TVGF5 shares will be traded on HoSE like other listed stocks.INVESTMENT OBJECTIVES AND STRATEGIES
The Fund’s investment objectives are to seek long-term growth of capital, optimize investor profits, and outperform the stock market. To achieve this the Fund will invest in listed and pre-listed stocks which will achieve long-term growth, exhibit good corporate governance, financial transparency, and have strong competitive advantages and significant market share..ESTIMATED RELEASED TIME
Expected to start in July 2023 FEES
Management fee: 1.0% p.a.Performance fee: 20% of the increase in the NAV over a hurdle of 8% p.a. with high water mark.
REPORTS
Weekly updated on website of TVAM (www.tvam.vn) PORTFOLIO
The Fund will generally hold 07 - 15 stocks INVESTMENT RESTRICTIONS
For risk control and portfolio diversification, no more than 20% of the NAV can be invested in a single company, no more than 10% in an unlisted company and no more than 30% in a group of related companies. The Fund will not hold over 10% stake of a company and will not apply financial leverage strategy.CERTIFICATE OF OWNERSHIP OF FUND SHARES
The Certificate will be issued after the Fund comes into operation. Please kindly contact TVAM for instructions on receiving the Certificate.Fund Size
Estimated VND 400 billion
Total Issued Fund Shares
Estimated 40 million
Listing Stock Exchange
HoSE
Issued Price
VND10,100 per share
Face Value
VND10,000 per share
Functional Currency
VND
Custodian Bank
BIDV
Audit Firm
Big4
Life of the Fund
5 years
Investment Director
Nguyen Duy Quang
Investment Committee
Nguyen Trung Ha, Dinh Thi Hoa, Bui Thi Kim Oanh, Nguyen Thanh Thao