The investment objective of DCBF is to generate returns by actively investing in Vietnamese fixed income markets (including government bonds, government guaranteed bonds, municipal bonds, corporate bonds), and money market instruments.

As at 31 Aug 2024, the net asset value of DCBF Fund units (NAV/unit) was VND 26,521.8, an increase of 0.45% compared to end of Jul 2024 and 4.46% YTD. For the month, DCBF outperformed the average 12-month deposit rates of the four biggest banks, which rose by 0.40% and 3.20% over the same period. In Aug 2024, DCBF issued 6.42m new fund certificates (units) with a value of VND 169.8 bn and bought back 4.71m units with a value of VND 124.7bn, resulting in a net subscription value of VND 45.1 bn. The total net asset value and total assets of the Fund as at 31 Aug 2024 was VND 1,475.6bn and VND 1,532.4bn, respectively. As at 31 Aug 2024, CBs made up the largest portion of the DCBF portfolio (51.5% compared to 51.7% as at end of Jul 2024); of which 22% for tenors less than 1 year), followed by cash and bank deposits combined 21.8% compared to 28.7% as at end of Jul 2024), CDs (20.2% compared to 19.6% as at end of Jul 2024) and 6.5% of VGB which was the new investment during the month. The average remaining maturity of the portfolio is about 1.5 years and the average remaining maturity of the corporate bonds was 1.3 years.