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VNAM

MSCI Vietnam ETF

Reasons to Consider VNAM

Long-Term Growth Potential

Vietnam’s GDP grew at a rate exceeding 6% in 2022. It is expected to continue strong annual rates of more than 6.5% growth in 2023-2027.1

Targeted Exposure

The ETF targets exposure to a single country.

Efficient Access

VNAM delivers efficient access to a broad basket of Vietnamese securities.

1Statista, Jun 2022

Key Information As of 09/22/23

Inception Date 12/07/21
Total Expense Ratio 0.50%
Net Assets $11.08 million
NAV $17.31
Fact Sheet View the document

ETF Summary

The Global X MSCI Vietnam ETF (VNAM) invests across the large, mid, and small cap segments of the Vietnam market.

ETF Objective

The Global X MSCI Vietnam ETF (VNAM) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Vietnam IMI Select 25/50 Index.

Trading Details As of 09/21/23

Ticker VNAM
Bloomberg Index Ticker MXVNAMN
CUSIP 37960A883
ISIN US37960A8835
Primary Exchange NYSE Arca
Shares Outstanding 640,000
Number of Holdings 83
30-Day Median Bid-Ask Spread 0.71%

Distributions As of 09/22/23

30-Day SEC Yield 2.23%
Distribution Frequency Semi-Annually

ETF Prices As of 09/22/23

NAV $17.31 Daily Change -$0.60 -3.35%
Market Price $17.53 Daily Change -$0.51 -2.83%

Performance History

As of recent
(06/30/23)
As of recent
(06/30/23)
Fund NAV Market Price Index
1 Year -12.52% -11.50% -12.00%
Since Inception -23.88% -23.65% -23.44%
1 Year -7.49% -7.34% -6.92%
Since Inception -16.93% -16.54% -16.44%
Year-to-Date 12.27% 12.81% 12.60%
1 Month 5.48% 6.26% 5.53%
3 Months 7.11% 6.73% 7.32%
Since Inception -34.70% -34.38% -34.10%
Year-to-Date 24.70% 25.72% 25.20%
1 Month 0.55% 0.11% 0.64%
3 Months 17.15% 18.41% 17.34%
Since Inception -27.47% -26.88% -26.73%

Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.

Top Holdings As of 09/22/23

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
10.16 HPG VN HOA PHAT GROUP JSC B29CC15 1.12 1,005,340 1,126,096.30
7.09 VNM VN VIET NAM DAIRY P B16GLK5 3.18 247,100 785,731.87
6.68 VHM VN VINHOMES JSC BFZBXH0 1.97 375,800 740,112.83
6.36 VCB VN BANK FOR FOREIGN B622TR5 3.66 192,459 705,163.78
6.08 VIC VN VINGROUP JSC B27Y417 2.05 328,500 673,915.27
5.28 MSN VN MASAN GROUP CORP B59R0P1 3.09 189,120 585,071.21
4.25 SSI VN SSI SECURITIES CORP B1LB8G0 1.34 352,450 471,427.63
3.22 VRE VN VINCOM RETAIL JSC BZ0WW59 1.12 317,100 356,489.49
2.50 VND VN VNDIRECT SECURITIES CORP B4XXQS3 0.93 299,840 277,418.89
2.30 DGC VN DUC GIANG CHEMICALS JSC BP0RTK8 4.02 63,380 254,846.24
2.05 VJC VN VIETJET AVIATION JSC BYP2451 4.00 56,700 227,055.90
2.03 VIETNAMESE DONG 0.00 5,479,877,100 224,838.53
2.01 NVL VN NOVALAND INVESTMENT GROUP BYZCMP7 0.71 311,791 222,593.64
1.65 VCI VN VIETCAP SECURITIES JSC BYVTMH4 1.80 101,840 183,017.42
1.63 KBC VN KINH BAC CITY DE B2B3VJ7 1.40 129,700 180,933.43
1.63 SHB VN SHB BANK B3V86Y9 0.48 373,273 180,721.00
1.48 KDH VN KHANG DIEN HOUSE B3M16J2 1.35 120,760 163,507.23
1.46 VIX VN VIX SECURITIES JSC B5N90B9 0.73 222,300 161,896.60
1.38 EIB VN VIETNAM EXPORT-I B58P9L5 0.80 189,744 152,589.29
1.25 SAB VN SAIGON BEER ALCO BDSFBV5 3.22 43,000 138,672.68
1.25 BID VN BANK FOR INVESTM BJ4WY68 1.89 73,076 138,071.59
1.22 STB VN SACOMBANK B19HJ45 1.35 100,500 135,663.14
1.16 KDC VN KIDO GROUP CORP B16GKS6 2.65 48,400 128,086.98
1.13 GEX VN GELEX GROUP JSC BYV0WY4 0.91 138,500 125,586.21
1.04 PVS VN PETROVIETNAM TEC B2QMMQ3 1.53 75,600 115,699.25
1.04 PDR VN PHAT DAT REAL ES B4V9BD3 1.01 114,089 114,685.83
1.02 IDC VN IDICO CORP JSC BFMT742 2.01 55,940 112,694.80
0.96 VHC VN VINH HOAN CORP B2N7VQ4 3.44 30,900 106,243.51
0.95 DIG VN DEVELOPMENT INVE B3XZ1Y3 1.05 100,680 105,750.66
0.95 SHS VN SAIGON - HANOI SECURITIES B5ZWC43 0.73 144,475 105,514.62
0.93 POW VN PETROVIETNAM POWER CORP BFX2T66 0.50 203,300 102,598.83
0.83 HSG VN HOA SEN GROUP B3FQWF2 0.88 104,031 91,983.15
0.83 PVD VN PETROVIETNAM DRI B1HMTK8 1.04 87,952 91,840.33
0.83 CTG VN VIETNAM JS COMM B3PL622 1.30 70,600 91,680.79
0.81 DXG VN DAT XANH GROUP B56QVW5 0.85 106,000 90,245.15
0.81 GAS VN PETROVIETNAM GAS JSC B83C9P6 3.73 24,120 89,958.27
0.81 VCG VN VIETNAM CONSTRUC B3D0PX5 1.04 85,841 89,459.90
0.78 CEO VN CEO GROUP JSC BN5RL69 0.98 88,300 86,588.16
0.77 DPM VN PETROVIETNAM FER B291F68 1.54 55,700 85,586.83
0.67 FRT VN FPT DIGITAL RETAIL JSC BFM5DX1 3.65 20,380 74,420.76
0.59 DCM VN PETRO CA MAU FER BWG92M0 1.38 47,100 65,125.45
0.58 SBT VN THANH THANH CONG B2PXTH7 0.63 102,163 64,552.49
0.58 VPI VN VAN PHU - INVEST BF2RZ53 2.15 29,720 64,018.87
0.57 TCH VN HOANG HUY INVEST BYQ4467 0.55 113,616 62,932.24
0.57 HDG VN HA DO JSC B3PKX17 1.20 52,110 62,752.22
0.55 DGW VN DIGIWORLD CORP BZ03995 2.38 25,420 60,492.77
0.53 PVT VN PETROVIET TRANSP B1LB990 1.16 50,900 59,102.27
0.52 PC1 VN PC1 GROUP JSC BYX2RS7 1.26 46,045 57,999.04
0.50 HUT VN TASCO JSC B2QXYW6 0.94 58,800 55,488.77
0.46 HAG VN HAGL JSC B3KLW63 0.33 155,400 51,454.63
0.44 NLG VN NAM LONG INVESTMENT CORP B9FCRR9 1.49 32,700 48,568.67
0.37 BCG VN BAMBOO CAPITAL GROUP JSC BYM6QF0 0.46 90,100 41,404.04
0.35 NKG VN NAM KIM STEEL JSC B3WZ5F3 0.86 45,600 39,009.54
0.35 SCG VN SCG CONSTRUCTION JSC BMT7LS0 2.72 14,200 38,569.70
0.34 NT2 VN PETROVIETNAM NHO B3LNGB1 1.07 35,500 38,016.21
0.34 HHV VN DEO CA TRAFIC IN BD97G26 0.68 55,400 37,846.34
0.30 PLX VN VIETNAM NATIONAL BYQH5X0 1.61 20,400 32,768.90
0.30 CII VN HO CHI MINH CITY B16GKN1 0.87 37,700 32,638.01
0.29 DBD VN BINH DINH PHARMA BDQZ4Z2 2.30 14,000 32,167.40
0.26 TDM VN THU DAU MOT WATER JSC BYZX5Z1 1.64 17,500 28,720.89
0.25 HAH VN HAI AN TRANSPORT BVJDNJ6 1.57 17,600 27,585.19
0.25 IJC VN BECAMEX INFRASTR B5STML8 0.64 42,700 27,330.80
0.25 FCN VN FECON CORP B7K28G6 0.67 40,300 27,200.12
0.24 VSC VN VIETNAM CONTAINE B2NGG00 1.23 21,400 26,297.26
0.22 MSH VN SONG HONG GARMENT JSC BFZ5RM5 1.94 12,400 24,064.83
0.18 TLG VN THIEN LONG GROUP CORP B60BWJ7 2.31 8,800 20,291.72
0.18 OTHER PAYABLE & RECEIVABLES 1.00 20,279 20,278.94
0.18 TCM VN THANH CONG TEXTI B28J6G0 1.98 10,100 20,015.59
0.17 DRC VN DANANG RUBBER JSC B1W6B87 0.96 19,700 18,994.77
0.17 TNH VN THAI NGUYEN HOSP BNKGKV9 1.00 18,700 18,721.10
0.17 STK VN CENTURY SYNTHETI BYNQFF2 1.44 13,000 18,668.58
0.17 LCG VN LIZEN JSC B3FH4C6 0.57 32,400 18,544.67
0.16 DPG VN DAT PHUONG GROUP JSC BD8PVT3 1.69 10,700 18,087.60
0.16 CTF VN CITY AUTO CORP BF3FFK1 1.35 13,200 17,818.44
0.16 SAM VN SAM HOLDINGS CORP B16GL38 0.28 62,600 17,773.80
0.16 GIL VN GILIMEX B16GKB9 1.48 12,000 17,724.89
0.15 HHS VN HOANG HUY INVEST B7FVXQ3 0.30 57,400 16,956.82
0.15 TNG VN TNG INVESTMENT & B29KPK9 0.91 18,700 16,956.41
0.14 TCD VN TRANSPORT & INDU BF20GH1 0.34 43,600 15,026.77
0.13 SHI VN SON HA INTERNATIONAL CORP B57F6H1 0.55 26,900 14,899.99
0.12 PTB VN PHU TAI CORP B3X08B4 2.47 5,500 13,584.98
0.11 SZC VN SONADEZI CHAU DU BGPF700 1.59 7,800 12,369.27
0.11 VPG VN VIET PHAT IMPORT BFFJZ12 0.87 13,900 12,062.16
0.07 ELC VN ELCOM TECHNOLOGY B4Q33T0 0.95 8,300 7,900.71
0.02 THD VN THAIHOLDINGS JSC BMWT718 1.46 1,760 2,570.77
-2.16 CASH 1.00 -238,994 -238,993.72
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 08/31/23

Sector Weight (%)
Real Estate 27.5
Financials 24.2
Consumer Staples 16.3
Materials 14.3
Industrials 8.0
Consumer Discretionary 3.4
Utilities 2.3
Energy 2.2
Information Technology 1.4
Health Care 0.4

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Real Estate Development 29.5
Trucks/Construction/Farm Machinery 13.4
Food: Meat/Fish/Dairy 10.0
Investment Banks/Brokers 9.0
Food: Specialty/Candy 8.6
Regional Banks 7.8
Chemicals: Specialty 3.3
Real Estate Investment Trusts 2.9
Airlines 2.5
Major Banks 2.1
Homebuilding 2.1
Other/Cash 8.8

Source: new windowAltaVista Research, LLC

All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.

ETF Characteristics As of 09/21/23

Return on Equity 11.50%
Weighted Avg. Market Cap 4,923 M
2022 2023
Price-to-earnings 19.04 17.48
Price-to-book value 1.97 2.06

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 08/31/23

Versus Beta
S&P 500 0.71
NASDAQ-100 0.62
MSCI EAFE 0.76
MSCI Emg. Mkts 1.03
Standard Deviation 27.90%

Source: new windowAltaVista Research, LLC

ETF Research

Introducing the Global X MSCI Vietnam ETF (VNAM)

Read the Full ArticleRead More

ETF Documents

Investing involves risk, including the possible loss of principal. International investing may involve risk of capital loss from unfavorable fluctuations in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Securities focusing on a single country may be subject to higher volatility. VNAM is non-diversified.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share. NAVs are calculated using prices as of 4:00 PM Eastern Time. The returns shown do not represent the returns you would receive if you traded shares at other times. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.

Since the Fund’s shares did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in Shares, the NAV of the Fund is used to calculate market returns.

Carefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or full prospectuses. Please read the prospectus carefully before investing.

Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by MSCI, nor does MSCI make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated with MSCI.