FUND PERFORMANCE

 Growth in years

Period return

Since
31/12/2021 31/12/2020 31/12/2019 31/12/2018 31/12/2017 inception
30/08/2017

NAV/CCQ
12.947 12.178 11.771 11.112 10.400 10.000
(VND)

Return
compared
to the 6,3% 3,5% 5,9% 6,9% 4%
beginning
of the year

Return
since 29,47% 21,78% 17,71% 11,12% 4%
inception
Open-end Funds Net Asset Value per Fund Certificate (NAV/CCQ) represents a
fund's per share market value. NAV/CCQ growth represents the growth and return
of the fund, and investors can see the growth of investment by tracking the
NAV/CCQ price over time.
In the period from 2017 (since inception) to the end of 2021, it can be seen that the
SSIBF Fund's NAV/CCQ has witnessed impressive growth. The annual growth
rate is greater than 5.8% and by the end of 2021, NAV/CCQ has achieved a growth
rate of 29.47% since its inception.
A special feature can be seen that, in 2018 and 2021, the growth rate of NAV/CCQ
has exceeded the average growth rate, growing by more than 6% in 1 year.
This can be explained that 2018 was a successful year for the corporate bond
market. Specifically, in 2018 businesses issued VND 198,000 billion of bonds, far
exceeding the figure of 2017 (115,000 billion VND). The sharp increase in the
scale of corporate bond issuance came from the banking and real estate groups.
In 2018, SSIBF only invested 3.2%/NAV in stocks and focused on fixed income
assets. From the second quarter of 2018, the Fund began to increase investment in
corporate bonds such as TCE bonds, and bonds under Vingroup. At the end of
2018, the total value of bonds owned by the fund was more than VND 26 billion,
accounting for 35.54% of the fund's total asset value.

In 2021, SSIBF has changed its strategy, no longer investing in stocks, reorganize
the investment portfolio to 100% Fixed Income Assets, including bonds, bank
deposits, and certificates of deposit.

The price of the fund certificate became less volatile and had a steady growth once
the portfolio was restructured, attracting more subscription into the fund. The
fund's net asset value increased by almost double, from 715.67 billion on
December 31, 2020 to 1,373.31 billion on December 31, 2021.

2021 continues to be a strong development year for the corporate bond market,
with the total value of corporate bonds issued reaching VND 623,616 billion
(increase 34.9% compared to 2020). At the end of 2019, the total value of bonds
owned by the fund only accounted for 10.99% of the total asset value of the fund,
but brought a total value of more than 151 billion VND.
Up to now, the growth rate of NAV/CCQ has shown no sign of stopping, showing
that the fund is still active and operating very well. According to the fund's
operation report in September 2022, NAV/CCQ has reached VND 13,609, an
increase of 5.11% compared to the beginning of the year.

In the portfolio structure, as of September 2022, Bonds are accounting for the
largest proportion, up to 62.4% of the Fund's total asset value. The tickers in the
fund's bond portfolio focus mainly on Banking and Finance sectors. Currently, the
fund is holding 16 different bond codes.
In the portfolio structure, as of September 2022, Bonds are accounting for the
largest proportion, up to 62.4% of the Fund's total asset value. The tickers in the
fund's bond portfolio focus mainly on Banking and Finance sectors. Currently, the
fund is holding 16 different bond codes.