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VNM
VanEck Vietnam ETF

Fund Description

VanEck Vietnam ETF (VNM®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MarketVector™ Vietnam Local Index (MVVNMLTR), which tracks securities of publicly traded companies that are locally incorporated in Vietnam.

 
 

  • Fund Ticker

    VNM

  • Exchange

    Cboe

  • Inception Date

    08/11/2009

  • ETF Structure

    Physical

  • Administrator

    Van Eck Associates

  • Index Ticker

    MVVNMLTR

  • Index Rebalancing

    Quarterly

  as of 03/28/23

  • 30-Day SEC Yield1

    1.87%

  • Total Net Assets

    $513.7M

  • Number of Holdings

    42

  • Options

    No

  • Gross Expense Ratio2

    0.59%

  • Net Expense Ratio/TER2

    0.59%

  • Distribution Frequency

    Annual

  • Next Distribution Date

    12/15/2023
Schedule a Call
Fund FAQ
How to Buy

Key Documents and Links

VNM Fact Sheet
Summary Prospectus
Management Team

Fund Highlights

  • Demographic Advantage  
    Among the world's most populous nations where 58% of the population is working age with an average age of 32*

  • One Trade Access to Vietnam  
    Largest and most liquid U.S. ETF that provides exposure to Vietnamese companies**

  • Convenient Way to Customize International Exposure  
    Companies must be incorporated in Vietnam to be added to the index
  • *Source: KPMG: Investing in Vietnam 2021
    **Source: FactSet data

Trading Information

  • Fund Ticker

    VNM

  • Index Total Return Ticker

    MVVNMLTR

  • NAV

    VNMNV

  • Intraday NAV (IIV)4

    VNMIV

  • Shares Outstanding

    42,800,000

  • Estimated Cash

    VNMEU

  • Total Cash

    VNMTC

  • CUSIP

    92189F817

  • ISIN

    US92189F8178
Source: Bloomberg

Fees and Expenses2

  • Management Fee

    0.50%

  • Other Expenses

    0.09%

  • Acquired Fund Fees and Expenses

    --

  • Gross Expense Ratio

    0.59%

  • Fee Waivers and
    Expense Reimbursement

    --

  • Net Expense Ratio/TER2

    0.59%

2 Expenses for VNM are capped contractually at 0.76% until May 1, 2023. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

Investment Professionals

  • Portfolio Manager and Head of Equity ETFs
  • Oversees the Equity ETF Investment Management Team including development and management of index replication and optimization strategies
  • Joined VanEck in 2005
  • CFA charterholder; member of the CFA Society New York
  • BA, Mathematics and Economics, New York University
  • Analyst for Equity ETFs
  • Joined VanEck in 2018
  • Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
  • BS, Finance, Providence College
  • Analyst for Equity ETFs
  • Joined VanEck in 2019
  • Prior to VanEck, Intermediate Representative, Exchange Traded Funds at BNY Mellon.
  • BS, Accounting, Hunter College

Prices as of 03/28/23

NAV/
Market
Price 		Volume
30-Day Avg./
Last Trading Day 		Daily Change
NAV/
Last Price 		YTD Change NAV/
Last Price 		Premium/
Discount 		30-Day
Median
Bid Ask
Spread 		NAV
Chart
VNM $12.00
$12.09 		1,065,209
443,427 		$-0.01 / -0.07%
$0.01 / +0.08% 		+2.13%
+2.11% 		$0.09
0.73% 		0.09%

Premium/Discount History as of 03/28/23

Calendar Year 2021 1Q 2022 2Q 2022 3Q 2022 4Q 2022 Premium/Discount Charts NAV & Prem/Discount History
VNM Days closed at a premium 133 5 3 21 54
Days closed at NAV 3 1 1 3 1
Days closed at a discount 116 56 58 40 8

Performance History: Average Annual Total Returns* (%)

View All ETFs View All Indices
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
08/11/09
VNM (NAV) -11.61 -7.68 -3.58 -41.73 -5.91 -9.00 -4.10 -4.19
VNM (Share Price) -12.65 -11.07 -4.90 -41.74 -5.85 -9.01 -4.68 -4.25
MVVNMLTR (Index) -10.51 -5.99 -2.79 -40.55 -4.54 -8.14 -3.08 -3.33
Performance Differential (NAV - Index) -1.10 -1.69 -0.79 -1.18 -1.37 -0.86 -1.02 -0.86
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
08/11/09
VNM (NAV) -4.25 -9.07 -44.47 -44.47 -9.28 -6.94 -2.05 -3.98
VNM (Share Price) -6.48 -10.14 -43.73 -43.73 -8.95 -7.26 -2.51 -3.94
MVVNMLTR (Index) -3.29 -9.56 -44.02 -44.02 -8.45 -6.16 -1.03 -3.17
Performance Differential (NAV - Index) -0.96 0.49 -0.45 -0.45 -0.83 -0.78 -1.02 -0.81

*Returns less than one year are not annualized.

From March 17, 2023 forward, the index data reflects that of the Fund's underlying index, the MarketVector Vietnam Local Index (MVVNMLTR). Index history which includes periods prior to March 17, 2023 links MVIS Vietnam Index (MVVNMTR) and MarketVector Vietnam Local Index (MVVNMLTR) and is not intended for third party use.

The performance data quoted represents past performance. Past performance is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Please call 800.826.2333 or visit vaneck.com for performance current to the most recent month ended.

The "Net Asset Value" (NAV) of a Fund is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF 's intraday trading value. Investors should not expect to buy or sell shares at NAV.

Top 10 Holdings (%) as of 02/28/23

Daily Holdings
Total Holdings: 55
Holding Name
Ticker
Shares
 Market Value
(US$) 		% of Net
Assets
Vietnam Dairy Products Jsc
VNM VN
12,506,841
39,748,771 8.28
Hoa Phat Group Jsc
HPG VN
45,488,297
38,285,409 7.98
Vinhomes Jsc
VHM VN
21,245,867
37,102,980 7.73
Vingroup Jsc
VIC VN
16,560,049
36,648,800 7.64
Bank For Foreign Trade Of Vietnam Jsc
VCB VN
7,661,645
30,146,615 6.28
Masan Group Corp
MSN VN
7,297,776
25,185,852 5.25
Ssi Securities Corp
SSI VN
24,907,008
19,132,066 3.99
Vndirect Securities Corp
VND VN
24,311,180
13,762,534 2.87
Saigon Beer Alcohol Beverage Corp
SAB VN
1,728,900
13,680,984 2.85
Eclat Textile Co Ltd
1476 TT
781,160
12,279,949 2.56
Top 10 Total (%) 55.43
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These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%)
as of 02/28/23

Country % of Net Assets
● Vietnam 85.90
● South Korea 6.32
● Taiwan Region 6.01
● Japan 1.32
● Malaysia 0.10
● Other/Cash 0.34

Sector Weightings (%)
as of 02/28/23

Sector % of Net Assets
● Real Estate 23.44
● Consumer Staples 20.96
● Financials 19.62
● Materials 11.40
● Industrials 7.38
● Consumer Discretionary 6.75
● Information Technology 5.59
● Energy 1.85
● Utilities 1.34
● Health Care 1.32
● n/a 0.01
● Other/Cash 0.34

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