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 02/28/24

Inception Date 12/07/21
Total Expense Ratio 0.50%
Net Assets $11.10 million
NAV $17.35
Fact Sheet View the document

ETF Summary

The Global X MSCI Vietnam ETF (VNAM) invests across the large and mid 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 Select 25-50 Index.

Trading Details As of 02/27/24

Ticker VNAM
Bloomberg Index Ticker MXVNAMN
CUSIP 37960A883
ISIN US37960A8835
Primary Exchange NYSE Arca
Shares Outstanding 640,000
Number of Holdings 56
30-Day Median Bid-Ask Spread 0.53%

Distributions As of 02/28/24

30-Day SEC Yield 2.22%
Distribution Frequency Semi-Annually

ETF Prices As of 02/28/24

NAV $17.35 Daily Change $0.17 0.99%
Market Price $17.36 Daily Change $0.18 1.05%

Performance History

As of recent
(12/31/23)
As of recent
(12/31/23)
Fund NAV Market Price Index
1 Year 12.76% 12.96% 14.18%
Since Inception -18.47% -18.40% -17.73%
1 Year 0.43% -1.26% 1.72%
Since Inception -18.16% -18.25% -17.43%
Year-to-Date 12.76% 12.96% 14.18%
1 Month 3.50% 3.30% 3.64%
3 Months -0.35% -0.71% 0.09%
Since Inception -34.41% -34.30% -33.18%
Year-to-Date -0.91% -1.33% -0.87%
1 Month -0.91% -1.33% -0.87%
3 Months 15.20% 14.84% 15.97%
Since Inception -35.01% -35.17% -33.76%

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 02/28/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
10.80 HPG VN HOA PHAT GROUP JSC B29CC15 1.24 965,640 1,199,698.90
8.39 VHM VN VINHOMES JSC BFZBXH0 1.80 516,600 931,264.31
6.68 VCB VN BANK FOR FOREIGN B622TR5 3.95 187,559 741,707.11
6.55 VNM VN VIET NAM DAIRY P B16GLK5 2.93 248,000 726,983.35
6.47 VIC VN VINGROUP JSC B27Y417 1.85 387,900 718,158.34
5.45 MSN VN MASAN GROUP CORP B59R0P1 2.77 218,320 605,410.31
4.70 SSI VN SSI SECURITIES CORP B1LB8G0 1.47 356,150 522,006.29
3.22 VRE VN VINCOM RETAIL JSC BZ0WW59 1.13 317,100 357,912.30
2.57 VND VN VNDIRECT SECURITIES CORP B4XXQS3 0.92 311,340 285,679.42
2.56 DGC VN DUC GIANG CHEMICALS JSC BP0RTK8 4.49 63,380 284,347.95
2.09 VJC VN VIETJET AVIATION JSC BYP2451 4.20 55,400 232,576.53
1.86 NVL VN NOVALAND INVESTMENT GROUP BYZCMP7 0.69 299,491 206,713.24
1.73 VCI VN VIETCAP SECURITIES JSC BYVTMH4 1.83 104,540 191,635.44
1.62 KDH VN KHANG DIEN HOUSE B3M16J2 1.32 136,436 179,477.32
1.61 SHB VN SHB BANK B3V86Y9 0.48 369,473 178,511.11
1.54 BID VN BANK FOR INVESTM BJ4WY68 2.19 77,949 170,582.68
1.46 KBC VN KINH BAC CITY DE B2B3VJ7 1.27 127,800 161,890.38
1.44 VIX VN VIX SECURITIES JSC B5N90B9 0.74 217,600 160,350.79
1.20 GEX VN GELEX GROUP JSC BYV0WY4 0.92 145,500 133,212.55
1.20 PDR VN PHAT DAT REAL ES B4V9BD3 1.17 114,089 132,941.71
1.19 EIB VN VIETNAM EXPORT-I B58P9L5 0.74 178,444 132,583.24
1.18 IDC VN IDICO CORP JSC BFMT742 2.38 55,140 131,413.64
1.12 STB VN SACOMBANK B19HJ45 1.27 97,400 124,172.15
1.09 PVS VN PETROVIETNAM TEC B2QMMQ3 1.51 80,100 120,979.29
1.05 KDC VN KIDO GROUP CORP B16GKS6 2.57 45,400 116,863.99
1.05 PVD VN PETROVIETNAM DRI B1HMTK8 1.25 93,252 116,612.33
1.05 FRT VN FPT DIGITAL RETAIL JSC BFM5DX1 5.53 20,980 116,101.26
1.01 DIG VN DEVELOPMENT INVE B3XZ1Y3 1.10 102,280 112,121.80
0.98 VHC VN VINH HOAN CORP B2N7VQ4 2.90 37,680 109,230.69
0.96 CTG VN VIETNAM JS COMM B3PL622 1.46 73,189 106,826.82
0.93 SAB VN SAIGON BEER ALCO BDSFBV5 2.34 43,900 102,843.28
0.88 SHS VN SAIGON - HANOI SECURITIES B5ZWC43 0.71 136,375 97,450.26
0.87 HSG VN HOA SEN GROUP B3FQWF2 0.93 104,030 96,722.98
0.86 POW VN PETROVIETNAM POWER CORP BFX2T66 0.48 200,000 95,818.11
0.83 EVF VN EVN FINANCE JSC BF2HDM6 0.76 120,416 91,913.15
0.82 DXG VN DAT XANH GROUP B56QVW5 0.73 123,666 90,628.15
0.80 VCG VN VIETNAM CONSTRUC B3D0PX5 0.99 89,741 89,267.34
0.71 HAG VN HAGL JSC B3KLW63 0.51 155,400 79,182.70
0.71 VPI VN VAN PHU - INVEST BF2RZ53 2.38 33,220 78,902.56
0.69 CEO VN CEO GROUP JSC BN5RL69 0.89 86,000 76,816.89
0.69 DPM VN PETROVIETNAM FER B291F68 1.42 53,700 76,091.35
0.68 GAS VN PETROVIETNAM GAS JSC B83C9P6 3.17 23,720 75,118.15
0.57 DGW VN DIGIWORLD CORP BZ03995 2.25 28,120 63,250.02
0.57 DCM VN PETRO CA MAU FER BWG92M0 1.38 45,500 62,901.95
0.56 TCH VN HOANG HUY INVEST BYQ4467 0.53 117,116 62,290.69
0.54 PVT VN PETROVIET TRANSP B1LB990 1.10 54,600 59,853.84
0.54 PC1 VN PC1 GROUP JSC BYX2RS7 1.12 52,951 59,551.06
0.52 CTR VN VIETTEL CONSTRUC BD3FKG8 4.16 13,800 57,429.96
0.51 HDG VN HA DO JSC B3PKX17 1.08 52,110 56,383.74
0.50 SBT VN THANH THANH CONG B2PXTH7 0.54 102,162 55,581.44
0.46 NLG VN NAM LONG INVESTMENT CORP B9FCRR9 1.55 32,700 50,716.20
0.44 KOS VN KOSY JSC BFF5BT0 1.63 29,900 48,619.37
0.42 SIP VN SAIGON VRG INVESTMENT COR BKBDP80 3.37 13,700 46,167.28
0.41 HUT VN TASCO JSC B2QXYW6 0.77 58,800 45,120.58
0.33 NT2 VN PETROVIETNAM NHO B3LNGB1 1.05 34,600 36,384.08
0.30 PLX VN VIETNAM NATIONAL BYQH5X0 1.47 22,500 33,069.43
0.05 VIETNAMESE DONG 0.00 124,908,002 5,071.38
0.04 CASH 1.00 4,458 4,457.66
-0.01 OTHER PAYABLE & RECEIVABLES 1.00 -1,038 -1,037.84
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 01/31/24

Sector Weight (%)
Real Estate 27.4
Financials 26.6
Consumer Staples 15.7
Materials 15.0
Industrials 6.9
Energy 2.7
Consumer Discretionary 2.6
Utilities 1.9
Information Technology 1.2

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Real Estate Development 28.5
Trucks/Construction/Farm Machinery 14.1
Food: Meat/Fish/Dairy 9.4
Investment Banks/Brokers 8.7
Food: Specialty/Candy 8.4
Regional Banks 8.3
Chemicals: Specialty 3.6
Airlines 2.9
Real Estate Investment Trusts 2.5
Major Banks 2.1
Homebuilding 2.1
Other 9.4

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 02/27/24

Return on Equity 12.40%
Weighted Avg. Market Cap 4,518 M
2023 2024
Price-to-earnings 16.42 13.81
Price-to-book value 1.79 1.65

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 01/31/24

Versus Beta
S&P 500 0.91
NASDAQ-100 0.76
MSCI EAFE 0.98
MSCI Emg. Mkts 1.17
Standard Deviation 29.70%

Source: new windowAltaVista Research, LLC

ETF Research

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.