SSIAM VN30 ETF

FACTSHEET – May 2021

GENERAL INFORMATION
FUND DESCRIPTION
FUND NAME SSIAM VN30 ETF
SSIAM VN30 ETF seeks to replicate the performance of the VN30 Index.
TICKER FUESSV30
The Fund adopts a passive investment strategy with the goal of replicating the
BENCHMARK INDEX VN30 Index
VN30 Index’s performance in all periods. The Fund does not actively seek a
INCEPTION DATE 22nd June 2020 higher return than the Tracking Index, nor does it use defensive measures when
the stock market declines.
FIRST DAY OF TRADING 18th August 2020
With passive investment strategy, the Fund can maintain a lower turnover ratio
STOCK EXCHANGE HoChiMinh City Stock Exchange
than other funds with active investment strategies, thereby reducing operational
(HSX)
costs of the Fund.
FUND SIZE VND91.69 billion (~USD3.97
million) (as of 31 May 2021)
BENCHMARK INDEX – VN30 Index
CURRENCY VND

FUND MANAGER SSI Asset Management (SSIAM) VN30 index (VN30) is a price index that includes stocks listed on the Ho Chi Minh
MANAGEMENT FEE 0.55% City Stock Exchange which are eligible to participate in creation basket and index
criteria. The VN30 index has a 10% weight limit for individual stocks and 15% for
OUTSTANDING FUND UNITS 5,000,000 group of related stocks.
AUTHORIZED PARTICIPANTS SSI, MAS, BSC, KIS The VN30 Index represents 65.8% of the Vietnam’s capital market.
CUSTODIAN AND The index is reviewed free float every 3 months and constituents every 6 months.
Vietcombank - Headquarter
SUPERVISORY BANK

FUND PERFORMANCE
FUND METRICS
Performance (%)
NAV/Unit
(VND) 3 Since
NUMBER OF HOLDINGS 30 1 month YTD
months inception*
PRICE/EARNINGS RATIO 16.49x SSIAM VN30 ETF 18,337.57 12.31% 25.18% 38.75% 83.38%

PRICE/BOOK RATIO 3.11x VN30 Index 12.38% 25.66% 37.73% 82.08%

Data as of 31/05/2021.
Source: Bloomberg, SSIAM The performance data shown represent past performance, which is not a guarantee of future results.
Investment returns and principal values will fluctuate, so investors’ share, when sold, may be worth more or
less than their original cost.
*Inception date: 22 June 2020.

205 VN30 Index NAV/Unit VN-Index

Financials 41.96%
185
Real Estate 17.44%
Consumer Staples 11.55% 165

Materials 10.36% 145

Information Technology 4.92% 125

Consumer Discretionary 4.88% 105

Industrials 3.31% 85
Utilities 1.09%
Energy 0.71%
Cash 3.79%

Page 1 of 4
SSIAM VN30 ETF

MARKET UPDATES

In May 2021, the Vietnamese stock market experienced strong growth with the market increasing almost throughout the month and the
VN-Index increasing +7.15%. Impressions came from domestic investors when the cash flow into the market was very strong and when
the number of accounts continued to increase strongly recently. This change overwhelmed the flow of foreign investors and active funds
in the market. There is a strong upswing of the market despite the weakness of foreign investors (especially after Fubon FTSE 30
disbursed) and the limited cash flow of domestic equity funds did not see much improvement despite the strong growth of the market.
This has led investors to have a particular interest in the number of investors opening new accounts recently. Today, investors prefer to
invest on their own and find quick profits rather than entrusting their money to professional investment organizations.

In the highlight period for the banking industry, the news about finalizing the right to pay dividends in shares and cash of banking products
was released. This created a strong stimulus for investor sentiments in the market. Individual investors showed special interest in capital
raising and stock bonus stories. Individual investors were also willing to push prices up sharply when banks and security companies had
news on the decision to finalize the rights. This has helped VN30 become the market's leading strong growth index in May 2021. The first
half of the month is the story of large-cap bank stocks (except VCB, BID). The second half of the month is the story of a series of small
bank stocks that accelerate rapidly and a strong breakthrough of the group of stocks. This is thanks to the confidence and expectations
that market liquidity would skyrocket and that profits of securities companies would follow suit.

The official business results of the first quarter of 2021 of the companies in the fund portfolio were also announced. Profit growth saw a
+110% increase compared to the same period in 2020; this is outstanding growth compared to the general market. No company in VN30
reported a loss in the first quarter of 2021.

Source: SSIAM Research

The businesses that contributed the most absolute numbers to VN30 index's profits increase sharply, include HPG, CTG, MBB, TCB, HDB,
BID, VCB, TPB, etc. It can be seen that the vast majority of profit growth came from the banking group, which led the market in the recent
period. This group brings the VN30 indexes to a strong breakthrough and outperforming the VN-Index in recent years.

Page 2 of 4
 SSIAM VN30 ETF

FUND COMMENTARY

In May 2021, the VN30 Index increased by 12.38%, 3-month growth skyrocketed by 25.66% and YTD growth reached 37.73%. During
the same period, SSIAM VN30 ETF recorded growth of 12.31%, 25.18%, and 38.75% respectively, which surpassed VN-Index’s monthly
growth of 7.15% in May 2021 and YTD growth of 20.31%.

During the month, traded volume reached a total of 563,200 fund certificates, an average of 28,160 certificates/session, a decrease of
21.5% in comparison to April 2021.

Cash inflows decreased by 400.000 to of 5 million fund certificates, with total NAV reaching VND91.7 billion, an increase of 4.0% in
comparison to April 2021 thanks to the fund’s outperformance.

THE FUND’S PORTFOLIO (% NAV)

STT Ticker Company name % NAV No. Ticker Company name % NAV

1 HPG Hoa Phat Group Joint Stock Company 10.8% 16 VJC Vietjet Aviation Joint Stock Company 2.4%

Vietnam Technological and Commercial Joint 17

2 TCB 10.2% TPB Tien Phong Commercial Joint Stock Bank 1.9%
Stock Bank
Vietnam Prosperity Joint Stock Commercial 18
3 VPB 9.2% PNJ Phu Nhuan Jewelry Joint Stock Company 1.6%
Bank

4 VNM Viet Nam Dairy Products Joint Stock Company 7.9% 19 SSI SSI Securities Corporation 1.4%

5 VIC Vingroup Joint Stock Company 6.0% 20 VRE Vincom Retail Joint Stock Company 1.3%

6 MBB Military Commercial Joint Stock Bank 5.3% 21 PDR Phat Dat Real Estate Development Corp 1.3%

22 Khang Dien House Trading And Investment Joint

7 FPT FPT Corporation 5.1% KDH 1.1%
Stock Company
Sai Gon Thuong Tin Commercial Joint Stock 23
8 STB 4.8% PLX Viet Nam National Petroleum Group 0.7%
Bank

9 VHM Vinhomes JSC 4.3% 24 GAS PetroVietnam Gas Joint Stock Corporation 0.7%

10 NVL No Va Land Investment Group Corporation 4.2% 25 REE Refrigeration Electrical Engineering Corporation 0.7%

26 Joint Stock Commercial Bank for Investment and

11 MSN MaSan Group Corporation 3.8% BID 0.7%
Development of Vietnam

12 MWG Mobile World Investment Corporation 3.5% 27 POW PetroVietnam Power Corporation 0.5%

Joint Stock Commercial Bank For Foreign Trade 28 Hoang Huy Investment Financial Services Joint
13 VCB 3.4% TCH 0.4%
Of Viet Nam Stock Company
Viet Nam Joint Stock Commercial Bank For 29 Thanh Thanh Cong Tay Ninh Joint Stock
14 CTG 3.3% SBT 0.4%
Industry And Trade Company
Ho Chi Minh City Development Joint Stock 30
15 HDB 3.1% BVH Bao Viet Holdings 0.3%
Commercial Bank

Page 3 of 4
SSIAM VN30 ETF

SSIAM - LEADING ASSET MANAGEMENT COMPANY IN VIETNAM

Largest securities firm by market capitalization and revenue, listed on HOSE

Largest shareholders: Daiwa Securities Group Inc. 18.20%; NDH Invest 9.67%; Saigon Dan Linh Real Estate 5.58%; EN Fund
L.P. 7.21%

SSIAM

SSI Asset Management, founded in 2007, 100% owned by SSI

CONTACT INFORMATION

SSI ASSET MANAGEMENT CO LTD

Business Development – Director
Mr. Ho Minh Tri (+84) 28 3824 2897 ext 1628 or (+84) 90 888 9669 trihm@ssi.com.vn
Portfolio Manager
Mr Nguyen Minh Hanh Tel: (+84) 4 3936 6321 ext: 1602 hanhnm2@ssi.com.vn

SSI SECURITIES CORPORATION (SSI)

Managing Director, Institutional Brokerage
Mr. Nguyen Anh Duc (+84) 979 585658 ducna1@ssi.com.vn

MIRAE ASSET SECURITIES (VIET NAM) LIMITED LIABILITY COMPANY (MAS)

Sales Manager
Mr. Dinh Quang Thien (+84) 90 2474538 thien.dq@miraeasset.com.vn

BIDV SECURITIES JOINT STOCK COMPANY (BSC)

Head of Structured Products
Mr. Vu Giang Son (+84) 91 668 1202 sonvg@bsc.com.vn

DISCLAIMER
This report is prepared and published by SSI Asset Management Limited Company (SSIAM). This report is only for reference purpose and could be changed
without any notice. This report is not a prospectus, recommendation, or any guarantee of SSIAM. SSIAM has no responsibility to update, amend this report in
any form if any issues relating to opinions, forecasting and estimations in this report change or become inaccurate.

This report should not be used for accounting, tax purposes or making investment decisions. Investors should be highlighted that the performance results in the
past do not ensure the Fund’s performance in the future. Value of a Fund Certificate and the Fund’s income can be increased or decreased and cannot be
guaranteed by Asset Management Company. If Investors have concern about their investment decisions, Investor should obtain more information or consult
experts in order to have right decisions.

Page 4 of 4