VEIL is traded on the Main Market of the London Stock Exchange (Ticker: VEIL.LN). There are no other exchanges or trading platforms on which VEIL has applied or agreed to have its shares admitted or traded.
|Shareholders||Number of voting shares||%-Age of holding|
|Bill & Melinda Gates Foundation Trust||250,491,73||11.34%|
|Director||Number of voting shares||%-Age of holding|
|Gordon William Lawson||25,000||0.01%|
If it comes to the attention of the Directors that a shareholder has not within the requisite period disclosed their holding in the Company, the Company may, inter alia, at the discretion of the Directors, notify the shareholder that their shares in relation to the holding shall not be entitled to a vote, either in person or in proxy, at any general meeting of the Company.
|inception date||11 August 1995|
|benchmark||VFN Index / MSCI EM Index / VN 30 Index|
|fees||Management fee of 2% of NAV / No incentive fee|
VEIL concentrates on value opportunities using a ‘bottom up’ approach based on Vietnam’s general economic story. The team managing the Fund includes a portfolio manager and two deputy managers overseen by an Investment Committee. All investment decisions are rigorouly screened by Dragon Capital’s in-house research team.
As VEIL is a listed fund, shares can be bought through Jefferies, VEIL's appointed broker, or any other broker.
VEIL’s management fee is 2%. There is no performance fee and the TER is approximately 2.35%
No. All dividends from holdings are reinvested in the fund to help cover on-going expenses.
It is calculated daily using the closing price of listed equities, the OTC price of the holdings on UPCOM, and any cash in the fund.
As a freely traded fund its price is determined by the market, not by the holdings’ underlying value.
All reporting, both semi-annual and annual, is in USD.
Both USD and GBP.
Performance will usually be reported in both currencies (if space is limited, USD will have priority).
Yes, nominal value will in USD.
New primary shares will be issued in GBP, with proceeds converted into USD.