MBBF Annual Report 2013

1

BO CO V HOT NG / PERFORMANCE REPORT

QU U T TRI PHIU MB CAPITAL VIT NAM (MBBF)

MB CAPITAL VIETNAM BOND FUND (MBBF)

Bo co bn nin nm 2013 / Semi-annual 2013

1. Thng tin v qu / Information about the Fund

a) Tn ca qu : QU U T TRI PHIU MB CAPITAL VIT NAM (MBBF)

Name of Fund : MB CAPITAL VIETNAM BOND FUND (MBBF)

Loi hnh qu : Qu m

Type fund : Open-ended fund

b) Mc tiu u t ca qu / Fund objective:

Qu hng ti mc tiu ti a ha li nhun ng thi bo ton vn cho Nh u t

thng qua vic u t vo cc loi tri phiu, giy t c gi c pht hnh ti Vit Nam.

The Fund aims to maximize the returns while preserving Investors capital by investing in

bonds and valuable papers issued in Vietnam.

c) Thi hn hot ng ca qu: khng xc nh

Expected operational period: Not applicable

d) Danh mc tham chiu: Qu khng c danh mc tham chiu

Benchmark portfolio: Not applicable

e) Chnh sch phn chia li nhun / Profit distribution policy:

Li nhun phn chia c trch t ngun li nhun thc hin ca Qu. Cng ty Qun

l Qu ch c phn chia li nhun khi Qu hon thnh hoc c nng lc ti chnh

hon thnh ngha v thu v cc ngha v ti chnh khc theo quy nh ca php lut;

Distributed dividends are extracted from the performed profit of the Fund. The Fund

management company only distributes dividends after the Fund has fulfilled or has the

financial capacity to fulfill the taxes and other obligations as stipulated by related laws;

f) S lng n v qu ang lu hnh tnh n thi im 30/06/2013: 5.695.623,47 n v

qu.

Number of Fund certificates outstanding at June 30, 2013: 5,695,623.47 Fund units

2

g) Ni dung thay i ti iu l Qu trong k bo co: Qu khng c thay i ti iu l Qu

k t khi Qu c thnh lp ngy 13/03/2013.

Contents amended in the Fund Charter during the reported period: None, since the

establishment of the Fund (March 13, 2013).

h) Ni dung Ngh quyt i hi nh u t trong k bo co: Qu MBBF khng t chc i

hi nh u t trc tip ln u khi thnh lp Qu m thc hin ly kin biu quyt ca

nh u t bng vn bn.

Decisions of the General investors meeting during the reported period: MBBF did not hold

a conventional General investors meeting when the Fund is established. A collection of

investors opinion was held instead.

Cc quyt nh c thng qua nh sau / Decisions made:

- Ch nh cng ty qun l Qu l Cng ty C phn Qun l qu u t MB, ch nh

Ngn hng Gim st l Ngn hng Trch nhim hu hn mt thnh vin HSBC (Vit

Nam).

Appointed MB Capital as the Fund management company, appointed HSBC

(Vietnam) Ltd. as the Supervisory bank.

- Thng qua iu l t chc v hot ng ca Qu u t Tri phiu MB Capital Vit

Nam.

Approved the Fund Charter of the MB Capital Vietnam Bond Fund.

- Thng qua Danh sch cc thnh vin Ban i din nhim k 2013 - 2016 gm: ng

Chu Nguyn Bnh, ng Hiroshi Hiramoto, ng Lng Vn Trung.

Approved the list of the members of the Fund representative board for the period of

2013 2016: Mr. Chu Nguyen Binh, Mr Hiroshi Hiramoto, Mr Luong Van Trung.

- ng vic bu ng Chu Nguyn Bnh l Ch tch Ban i din Qu nhim k 2013-

2016.

Approved the appointment of Mr. Chu Nguyen Binh as the Chairman of the Fund

representative board for the period of 2013 2016.

- Thng qua mc th lao cho cc thnh vin Ban i din l 3.000.000

ng/thng/ngi.

Approved the compensation of the member of the Fund representative board is VND

3,000,000/month/person.

- y quyn cho Ban i din Qu ph duyt Cng ty kim ton Bo co ti chnh nm

2013 cho Qu.

Delegated the Fund representative board to approve the Auditing firm to audit the

2013 annual report of the Fund.

3

- y quyn cho Ban i din Qu ph duyt cc giao dch ca Qu vi ngi c lin

quan ca Qu.

Delegated the Fund representative board to approve any transaction of the Fund

with any related-party.

- Thng qua v u quyn cho MB Capital k Hp ng gim st vi Ngn hng TNHH

Mt thnh vin HSBC (Vit Nam).

Approved and delegated MB Capital to sign the supervisory contract with HSBC

(Vietnam) Ltd.

- Thng qua vic y quyn cho ng Phan Phng Anh Tng Gim c v B on

Kim Dung Gim c ti chnh kim K ton trng ca Cng ty C phn Qun l

Qu u t MB s dng iu hnh ti khon v cc dch v ngn hng ca Qu u

t tri phiu MB Capital Vit Nam m ti Ngn hng gim st.

Approved the delegation for Mr. Phan Phuong Anh - General Director and Ms. Doan

Kim Dung - CFO and Chief Accountant of MB Capital to monitor and utilize the

banking services of MBBFs account at HSBC (Vietnam) Ltd.

i) kin nhn xt ca Ngn hng gim st v cc ni dung quy nh ti iu 45 Thng t

hng dn thnh lp v qun l qu m - Ch bo co, lu tr h s, qun l thng

tin:

Opinion of Supervisory bank about the Point 45 Public circular guiding the establishment

and management of open-ended fund Reporting regime, bookkeeping, information

management:

Cng ty qun l qu khng vi phm cc ni dung quy nh ti iu 45 Thng t hng dn

thnh lp v qun l Qu m.

The Fund management company did not violate any content of Point 45 Public circular

guiding the establishment and management of open-ended fund.

Phm vi nhn xt ca Ngn hng Gim st bo co ny khng bao gm nhng vn

hay s vic m Ngn hng Gim st khng c bit do Cng Ty Qun l Qu cung cp

cc thng tin khng trung thc hoc c tnh che giu/lm sai lch thng tin.

The scope of Supervisory banks opinion in this report does not cover the issue or event

that the Supervisory bank is not awared because the Fund management company

provided the inaccurate information or intentionally hide/modified the information.

2. Bo co v kt qu hot ng ca qu / Performance report of the

Fund

a) Thng tin v danh mc u t v gi tr ti sn rng ca qu / Information about the

Funds portfolio and NAV:

4

STT No

Ch tiu Indicator

S cui k ti ngy 30/06/2013 (*)

Ending balance at June 30, 2013 (*)

I Danh mc u t Portfolio

1 Tri phiu Bond 31,111,350,684

2 u t khc Other investments 20,000,000,000

3 Tin gi, cc khon tng ng tin v phi thu Cash, cash equivalent, and receivables 7,419,372,872

4 N phi tr Payables 80,639,325

II Ti sn rng ca Qu (1+2+3-4) Net asset value of the Fund (1+2+3-4) 58,450,084,231

Tng s n v Qu Total number of Fund units 5,695,623

Gi tr ti sn rng trn mt n v qu Net asset value per share 10,262

STT No

Ch tiu Indicator

K ny (13/03/2013 - 30/06/2013)

This period (Mar 13, 2013 June 30, 2013)

III Gi tr ti sn rng trn mt n v qu cao nht trong k Highest NAV per share during the period 10,262

Gi tr ti sn rng trn mt n v qu thp nht trong k Lowest NAV per share during the period 10,000

IV Tng li nhun ca Qu Total profit of the Fund 1,445,323,108

Li nhun thu c t li tc chng khon Profit from interest incomes 1,445,323,108

Li nhun thu c t s tng trng gi Profit from capital appreciation -

V T l chi ph hot ng ca qu trong k Expense ration during the period 1.40%

VI Tc vng quay danh mc trong k Portfolio turnover rate during the period 92.54%

(*) Qu c thnh lp vo ngy 13/03/2013 nn khng c s liu u k / The Fund was established on Mar 13, 2013 so there was no beginning balance.

b) Ch tiu v li nhun ca qu / Profit indicator of the Fund:

Tng li nhun ca qu pht sinh trong k bo co (t 13/03/2013 30/06/2013):

1.445.323.108 VN

Total profit of the Fund during the reported period (Mar 13, 2013 June 30, 2013): VND

1,445,323,108

5

*Lu : Cc thng tin v kt qu hot ng ca qu trc y ch mang tnh tham kho v

khng c ngha l vic u t s bo m kh nng sinh li cho nh u t.

*Important note: The past performance result of the Fund is for reference only and shall not

imply the guarantee of future profits for Investors.

3. Bo co v hot ng qun l ti sn ca Cng ty qun l qu /

Report on the asset management activity of the Fund management

company

Cng ty qun l qu : Cng ty C phn Qun l Qu u t MB

Fund Management Company: MB Capital Management Joint Stock Company

Tr s : Tng 8, Ta nh MB, S 3 Liu Giai, Qun Ba nh, TP. H Ni

Address : 8th floor, MB building, No 3 Lieu Giai, Ba Dinh district, Hanoi

Th trng tri phiu chnh ph (TPCP), tri phiu chnh ph bo lnh (TPCPBL), v tri phiu

doanh nghip (TPDN) giao dch si ng trong 6 thng u nm.

The markets of Government bonds (GBs), Government-guaranteed bonds (GGBs), and

Corporate bonds (CBs) were actively traded during the first 6 months of the year.

Cc nh u t trong v ngoi nc tip tc nm gi v gia tng t trng u t vo cc ti

sn an ton, c tnh thanh khon cao, c bit l TPCP v TPCPBL. Nhu cu mua lun mc

cao khin li sut gim mnh, mc d ngun cung di do. Li sut ca TPCP gim mnh 1,9%-

2,0% trong 6 thng u nm trong khi TP CPBL gim 1,1%-1,5%.

Domestic and foreign investors continue to hold more highly liquided asstes, especially GBs

and GGBs. The demand for those securities was kept at a high level, pushing the coupon rate

to fall rapidly, despite the strong supply. The coupon rate of newly issued GBs dropped 1.9% -

2.0% in the first half of 2013 while the coupon rate of newly issued GGBs dropped 1.1% - 1.5%

during the same period.

Li sut mua bn trn th trng s cp v th cp gim mnh trong 5 thng u nm v tun

u thng 6, v c s hi nh trong 3 tun cui thng 6. Cc nh u t nc ngoi lin tc

mua rng trong 5 thng u nm vi khi lng ln, vo khong 10 nghn t ng v chuyn

sang cht li, bn rng trong thng 6 vi gn 4,2 nghn t ng.

Interest rates on both primary and secondary markets fell sharply in the late May and first

week of June, and then begin to recover slightly in the third week of June. Foreign investors

invested a net purchase of approximately 10 trillion of Vietnamese Dong before switching to

realize the profit with a net sale of nearly 4.2 trillion of Vietnamese Dong.

Th trng TPDN s cp trong 6 thng u nm 2013 c nhiu chuyn bin tch cc. Tng khi

lng TPDN pht hnh trong 6 thng t xp x 15 nghn t ng, bng 88% tng khi lng

TPDN pht hnh trong nm 2012, trong phn ln l tri phiu ca cc doanh nghip hot

ng trong lnh vc bt ng sn. Li sut tri phiu k hn 3-5 nm ph bin mc 13-

6

15%/nm. Trong khi , th trng TPDN th cp trm lng, vi doanh s giao dch t

khong 1176 t ng trong 6 thng u nm, gim 25% so vi cng k nm ngoi.

The primary CBs market also exhibited many positive signs. The total volume of newly issued

CBs during the first 6 month of the year was about 15 trillion of Vietnamese Dong, equals to

88% of the issued CBs in 2012, and most of these bonds is issued by firms in the real estates

industry. The yields on bond with maturity of 3 to 5 year are around 13% - 15% per year. In

contrary, the liquidity of the secondary CBs market was very low with total traded volume of

1,176 billion of Vietnamese Dong during the first half of the year, a 25% dropped in y-o-y

figure.

Trong su thng u nm 2013, Qu MBBF p dng chin lc u t nh ra trong

bn co bch, tp trung u t vo tri phiu chnh ph bo lnh v tin gi ti cc ngn hng

vi cc k hn khc nhau. Vi nhn nh tri phiu chnh ph v chnh ph bo lnh c xu

hng gim trong su thng u nm, qu ch ng hn ch u t thm vo cc khon

tri phiu di hn, tp trung vo cc khon u t ngn hn nhm m bo tnh thanh khon

cho Qu. Bn cnh , Qu tp trung u t vo tri phiu ca Ngn hng Chnh sch X hi,

l tri phiu c chnh ph bo lnh, nhm nng cao h s an ton cho cc khon u t ca

Qu.

In the first half of 2013, MBBF followed the investment strategies established in the

Prospectus, focused on Government-guaranteed bonds and term deposits at commercial bank

with different maturities. With the forecast that the yields on both Government bonds and

Governmen-guaranteed bonds were on a downtrend, the Fund actively refrained from

investing in long-maturity bonds and concentrated on short-maturity investments to provide

the liquidity for the Fund. Besides, the Fund invested mainly in bonds of Vietnam Social Policy

Bank, which is guaranteed by the Government, to improve the safety ratio of the Funds

portfolio.

Sau hn ba thng i vo hot ng k t ngy thnh lp qu 13/03/2013, Qu MBBF c

mc tng trng n nh, u n, vi gi tr ti sn rng trn mt n v qu (NAV/CCQ) t

gi tr 10.262 VN, tng ng vi mc tng trng 8,73%/nm. Tc tng trng

NAV/CCQ ca MBBF vt tri so vi trn li sut tit kim ngn hn ti cc ngn hng c phn

thng mi ti cng thi im.

After more than three months from the establishment date, MBBFs NAV per share had grown

steadly, reached VND 10,262, equivalent to the annualized growth rate of 8.73%. The growth

rate of the Funds NAV per share is significantly higher than the current short-term deposit

rates at Vietnams commercial banks.

Kt qu tng trng t c ch yu t tri tc v li tc thu c thng qua cc khon

u t vo TPCPBL vi mc li sut trn 10%/nm v cc khon u t ngn hn khc. Cc

giao dch u t TPCPBL ny u c thc hin thng qua Ngn hng TMCP Qun i, do

khi lng giao dch nh v tnh thanh khon cha cao trn th trng th cp. Tt c cc

giao dch mua bn TPCPBL ny u c trnh v c Ban i din thng qua trc thi

im giao dch theo quy nh.

7

The result above was achieved mainly from the interest income and capital appreciation of

those investments in GGBs with the coupon rates over 10%/year and other short-term

investments. These GGB transactions were made through Vietnam Military Commercial Bank

because of the inliquidity and size of the deal. All transactions were approved by the Fund

representative board before being executed.

Ghi ch: Mc d TPCPBL c Ngn hng Nh Nc quy nh trong quyt nh 11/QD-

NHNN l giy t c gi loi I, tng ng vi tn phiu Ngn hng Nh Nc v TPCP,

TPCPBL khng c hng cc quy nh min tr v hn ch u t nh TPCP. Do vy,

tng s vn u t ca Qu MBBF vo cc TPCPBL ca Ngn hng Chnh sch X Hi chim

53% tng ti sn, vt gii hn u t c quy nh trong iu l Qu cho mt t chc

pht hnh l 20%. Qu MBBF s tin hnh gim t trng u t vo tri phiu Ngn hng

Chnh sch X Hi trong qu III 2013. Cc khon thu nhp pht sinh (nu c) t hot ng

mua bn tri phiu Ngn hng Chnh sch X Hi s c ghi nhn vo thu nhp ca Qu.

Cc khon thua l (nu c) s c cng ty qun l qu MB b p.

Note: Even though GGB was considered by the State Bank of Vietnam (SBV) in Decision

11/QD-NHNN as Type I note, equivalent to Treasury-bill and GB, GGB was not entitled to the

exception on investment constraints as GB. As the result, the total investment in GGBs at

Vietnam Social Policy Bank was equal to 53% of the Funds asset, exceeded the limitation of

20% Funds asset on securities of any issuer. MBBF will reduce the size of such investment in

Q3 of 2013. All the income or profit (if any) arisen from such sale of those bonds will be

recognized as the Funds income while the loss (if any) will be compensated by MB Capital.

4. Bo co v hot ng gim st ca Ngn hng gim st / Report on

the supervisory activity of Supervisory bank

Ngn hng gim st : Ngn hng TNHH mt thnh vin HSBC (Vit Nam)

Supervisory bank : HSBC (Vietnam) Ltd.

a ch : Tng 6, Cao c Metropolitan, 235 ng Khi, Qun 1, TP.HCM

Address : 6th floor, Metropolitan building, 235 Dong Khoi, District I, Ho Chi Minh

City

Ngn hng gim st bo co v s tun th quy nh php lut, quy nh ti iu l qu, Bn

co bch ca Cng ty qun l qu trong qu trnh vn hnh v qun l qu nh sau:

Supervisory bank reports on the compliance of the Fund mangemene company to the laws and

provisions of the Fund Charter, Prospectus during the management of the Fund as following:

a) Cng ty C phn Qun l Qu u t MB m bo tun th vic xc nh gi tr ti sn

rng theo quy nh php lut, quy nh ti iu l qu, Bn co bch;

MB Capital has complied with guidance on valuating the Net asset value in conformity

with the legal provisions, provisions of the Fund Charter, Prospectus;

8

b) Cng ty C phn Qun l Qu u t MB m bo tun th vic pht hnh b sung

chng ch qu, mua li chng ch qu theo quy nh php lut, quy nh ti iu l qu,

Bn co bch;

MB Capital has complied with the legal provisions, provisions of the Fund Charter,

Prospectus in issuing and redeeming Fund certificates;

c) V vic u t tun th cc hn ch v u t, hn ch v vay theo quy nh php lut,

quy nh ti iu l qu, Bn co bch:

About the compliance with investment constraints, obtaining loan limitations as

stipulated by the laws and provisions of the Fund Charter, Prospectus:

- Ti ngy 15/03/2013, Qu MBBF u t cc tri phiu nim yt c Chnh ph bo

lnh v do Ngn Hng Chnh Sch X Hi pht hnh, vt hn ch u t quy nh iu l

Qu.

On Mar 15, 2013, MBBF invested in listed bonds guaranteed by the Government of

Vietnam Social Policy Bank, exceeded the investment constraints stipulated in the Fund

Charter.

- Tnh n ngy 30/06/2013, t l u t vo cc tri phiu ny chim tng ng l 53,15%

tng gi tr ti sn, vt mc hn ch u t quy nh ti khon 1 - iu 9 ca iu l

Qu: "Khng c u t qu 20% tng gi tr ti sn ca Qu vo cc loi giy t c gi,

cng c chuyn nhng, tri phiu ca mt t chc pht hnh v vt mc hn ch u

t quy nh ti khon 1- iu 9 ca iu l Qu: "Tng gi tr cc hng mc u t ln

trong danh mc u t ca qu khng c vt qu bn mi phn trm (40%) tng

gi tr ti sn ca Qu.

Up to June 30, 2013, the size of the investment in those bonds equals to 53.15% of the

Funds total asset, exceeded the provision on investment constraints in Point 1, Article 9 of

the Fund Charter which states that: Must not invest more than 20% of the Funds total

asset in valuable papers, transferable instruments, and bonds of an issuer and Total size

of major investments of the Fund must not exceed 40% of the Funds total asset.

- Cng ty qun l qu gii trnh vn ny vi y Ban Chng khon Nh nc v

nhn c cng vn nhc nh t y Ban v vic khc phc sai lch nu trn. Hin Cng

ty qun l qu ang thc hin cho bn cc tri phiu trn thc hin khc ph sai lch.

The Fund management company clarified the issue with the State Securities Commission

of Vietnam (SSC) and has received the notice from SSC to correct the deviation from the

Fund Charter. The Fund management company is currently making the best attempt to

liquidate these investments.

5. Bo co v hot ng y quyn

Bn nhn y quyn : Ngn hng TNHH mt thnh vin HSBC (Vit Nam)

Authorized party : HSBC (Vietnam) Ltd.

9

a ch : Tng 6, Cao c Metropolitan, 235 ng Khi, Qun 1, TP. HCM

Address : 6th floor, Metropolitan building, 235 Dong Khoi, District 1, Ho Chi Minh

City

Hot ng nhn y quyn : Dch v i l chuyn nhng v dch v qun tr qu.

Authorized activities : Transfer agent services and Fund administration services.

STT No

Ch tiu Indicator

K bo co (13/03/2013 - 30/06/2013) Reporting period (Mar 13,

2013 June 30, 2013)

1 Chi ph dch v i l chuyn nhng Transfer agent service fees

14,252,251

2 Chi ph dch v qun tr qu Fund administration service fees

6,476,870

I Tng chi ph cc hot ng y quyn (1+2) Total fees of authorized activities (1+2)

20,729,121

II T l chi ph cc hot ng y quyn trn tng chi ph hot ng Ratio of authorized activities fees over total operating fees

9.07%

III T l chi ph cc hot ng y quyn trn tng thu nhp Ratio of authorized activities fees over total income

1.23%

IV T l chi ph cc hot ng y quyn trn li nhun Ratio of authorized activities fees over total profit

1.43%

Trc thi im Qu c thnh lp, Cng ty qun l qu thc hin thm nh nng lc

(due dilligence) la chn Ngn hng TNHH mt thnh vin HSBC (Vit Nam) l nh cung

cp cc dch v trn cho Qu. HSBC Vit Nam l mt ngn hng 100% vn nc ngoi thuc

tp on ngn hng ton cu p ng y cc yu cu v kh nng duy tr h thng kim

sot ni b, qun tr ri ro, tnh bo mt, h tng c s vt cht k thut, h thng d phng

nng, h thng d phng thm ha ... cung cp dch v i l chuyn nhng v dch v

qun tr qu cho MBBF.

Before the Fund was formed, the Fund management company has conducted the due

dilligence to select HSBC (Vietnam) Ltd. as the service provider for the Fund. HSBC (Vietnam)

Ltd. is a bank wholy owned by the HSBC group, an international bank which satisfies all

requirements on the internal control system, risk management, information security,

infrastructure system, hot backup system, disaster-preventing system ... to provide the

Transfer agent and Fund administration services for MBBF.

Tng Gim c Cng ty qun l qu

General director of the Fund management company

( k v ng du)

(Signed and sealed)

10

THNG K PH GIAO DCH CA QU/ LIST OF BROKER FEE OF FUND

Bn nin 2013/ Semi-annual 2013

Tn ca Cng ty qun l qu/ Fund Management Company Name: Cng ty c phn qun l qu u t MB/ MB Capital Management Joint Stock Company

a ch/Address: Tng 08, ta nh MB, s 03 Liu Giai, qun Ba nh H Ni/ 8th floor, MB Tower, 03 Lieu Giai, Ba Dinh, Ha Noi

K bo co/ Reporting period: T ngy 13 thng 03 nm 2013 ti ngy 30 thng 06 nm 2013/ From 13 Mar 2013 to 30 Jun 2013

S th t / No

Tn (m) cc Cng ty chng khon c gi tr giao dch vt qu 5% tng gi tr giao dch trong nm/

Name (Code) of Securities companies through which trading

value exceeds 5% of the fund's total trading value during the

reporting period

Quan h vi Cng ty qun

l qu/ Relationship

to Fund management

company

T l giao dch ca qu qua tng cng ty chng khon/ Trading ratio performed through each securities company

Ph giao dch bnh

qun/ Average

broker fee

Ph giao dch bnh qun trn

th trng/ Average

broker fee in the

market

Gi tr giao dch trong k bo co ca qu/ Trading

value in the reporting period

Tng gi tr giao dch trong k bo co ca qu/Total

trading value of fund in the

reporting period

T l giao dch ca qu qua cng ty chng khon trong k bo co/ Trading ratio

performed through the securities

company in the reporting period

(1) (2) (3) (4) (5) (6) (7) (8)

1 Cng ty c phn chng khon Bn Vit/ Viet Capital Securities Joint Stock Company

Khng 31,111,350,684 31,111,350,684 100% 0.02% 0.02%

Tng/Total

31,111,350,684

100%

11

BO CO TNH HNH TI CHNH/ ASSET REPORT Ti ngy 30 thng 06 nm 2013/ As at 30 Jun 2013

1 Tn cng ty qun l qu/ Fund Management Company name: Cng ty c phn qun l qu u t MB/

MB Capital Management Joint Stock Company

2 Tn ngn hng gim st / Supervising bank: Ngn hng TNHH mt thnh vin HSBC Vit Nam/ HSBC Bank (Vietnam) Ltd.

3 Tn Qu/ Fund name: Qu u t tri phiu MB Capital Vit Nam/ MB Capital Vietnam Bond Fund

n v tnh/Currency: VND

CH TIU/ INDICATORS K BO CO/ THIS PERIOD (30/06/2013)

K TRC/ LAST PERIOD

(30/06/2012) (*)

I TI SN/ ASSETS

1 Tin gi ngn hng v tng ng tin/ Cash and cash equivalents

4,299,075,584

Tin gi ngn hng cho hot ng ca Qu m/ Cash for operation

79,075,584

Tin gi c k hn khng qu 3 thng/ Deposit with term not more than three months

4,220,000,000

2 Cc khon u t thun/ Investments

51,111,350,684

2.1 Cc khon u t/ Investments

51,111,350,684

Tri phiu / Bonds

31,111,350,684

Tri phiu nim yt/ Listed bonds

31,111,350,684

Tri phiu cha nim yt/ Unlisted bonds

-

u t khc/ Other Investments

20,000,000,000

Tin gi c k hn hn 3 thng/ Deposit with term more than three months

20,000,000,000

2.2 D phng gim gi ti sn nhn th chp/ Provision for asset received as pledge

-

3 Cc khon phi thu/ Receivables

3,120,297,288

3.1 Phi thu v bn cc khon u t/ Unsettled sales

-

Phi thu bn tri phiu

-

Trong : D phng phi thu kh i v bn chng khon ch thu/ /In which: Provision for Unsettled sales

-

3.2 Phi thu v d thu c tc, tin li cc khon u t/ Dividend and interest accrual and receivable

3,120,297,288

3.2.1 Phi thu c tc tin li n ngy nhn/ Dividend and interest receivable

-

12

Trong : D phng phi thu kh i v c tc,tin li phi thu/ In which: Provision for dividend and interest receivable

-

3.2.2 D thu c tc, tin li cha n ngy nhn/ Dividend and interest accrual

3,120,297,288

D thu c tc

-

D thu tri tc

2,547,945,205

D thu li tin gi

572,352,083

3.3 Phi thu khc/ Other receivables

-

3.4 D phng n phi thu kh i/ Provision for receivables

-

TNG TI SN/ TOTAL ASSETS

58,530,723,556

II N PHI TR/ LIABILITES

1 Vay ngn hn/ Shorterm loan

-

2 Phi tr v mua cc khon u t/ Unsettled purchase

-

3 Ph pht hnh phi tr / Subscription fee payable

13,731,877

4 Thu v cc khon phi np Nh nc/ Taxes payables

40,932

Thu TNCN m CTQLQ s tr h cho nh u t bn chng ch qu/ FMC will pay PIT to tax department on behalf of redempted investors

40,932

5 Phi tr thu nhp cho Nh u t/ Profit distribution payable

-

6 Chi ph phi tr/ Expense accrual

15,484,717

Phi tr ph kim ton/ Audit fee payable

6,484,717

Phi tr th lao ban i din qu/ Salaries of BOR payable

9,000,000

7 Phi tr cho Nh u t v mua Chng ch qu/ Subscription Suspense Payable

-

8 Phi tr cho Nh u t v mua li Chng ch qu/ Redemption payable

-

9 Phi tr dch v qun l Qu m/ Fund management related service expense payable

51,381,799

Phi tr ph qun l/ Management fee payables

42,782,924

Phi tr ph lu k/ Custodian fees payables

2,852,195

Phi tr ph gim st/ Supervising fee payables

1,045,804

Phi tr ph dch v i l chuyn nhng/ Tranfer agency fee payables

2,870,718

13

Phi tr ph qun tr qu/ Fund administration fee payables

1,830,158

10 Phi tr, phi np khc/ Other payables

-

TNG N/ TOTAL LIABILITIES

80,639,325

III GI TR TI SN RNG C TH PHN PHI CHO NH U T NM GI CHNG CH QU M/ DISTRIBUTABLE NET ASSET VALUE (I-II)

58,450,084,231

1 Vn gp ca Nh u t/ Capital

56,956,234,700

1.1 Vn gp pht hnh/ Capital from subscription

56,996,234,700

1.2 Vn gp mua li/ Capital from redemption

(40,000,000)

2 Thng d vn gp ca Nh u t/ Premium

48,526,423

3 Li nhun cha phn phi/ Retained earning

1,445,323,108

IV IV. GI TR TI SN RNG QU M TRN 1 N V CHNG CH QU/ NAV PER UNIT (IV=(I-II)/III)

10,262

V V. LI NHUN PHN PHI CHO NH U T/ DISTRIBUTED EARNING

-

1 Li nhun/ Ti sn phn phi cho Nh u t trong nm Distributed profit/ assets in the period

-

2 Li nhun phn phi cho Nh u t ly k t khi thnh lp Qu m n k lp bo co ny/ Accumulated distributed profit/ assets

-

VI CC CH TIU NGOI BO CO TNH HNH TI CHNH/OFF BALANCE SHEET ITEMS

CH TIU K BO CO/ THIS PERIOD (30/06/2013)

K TRC/ LAST PERIOD

(30/06/2012) (*)

1 Ti sn nhn th chp/ Asset received as pledge

2 N kh i x l/ Receivables with full provision made

3 Ngoi t cc loi/ Foreign currency

4 S lng Chng ch qu ang lu hnh/ Number of fund units 5,695,623.47

(*): Khng c s liu k trc do y l k bo co bn nin u tin ca Qu sau ngy giy php hot ng 13/03/2013. There is no data provided for last period because this is the first semi-annual report of the fund since the date of receiving operation licence 13Mar2013

14

BO CO THU NHP/ PROFIT AND LOSS REPORT Bn nin 2013/ Semi-annual 2013

1 Tn cng ty qun l qu/ Fund Management Company name: Cng ty c phn qun l qu u t MB/ MB Capital Management Joint Stock Company



n v tnh/Currency: VND

NM BO CO/ THIS YEAR

NM TRC NM BO CO/ LAST YEAR (*)

S pht sinh k bo co/This period

Ly k t u nm n cui k bo co/ Accumulated figures from the beginning of this year

S pht sinh k ny nm trc/This period of last year

Ly k t u nm n cui k ny nm trc/ Accumulated figures from the beginning of last year

I THU NHP, DOANH THU HOT NG U T / INVESTMENT INCOME

1,680,389,931

1,680,389,931

1.1 C tc c chia/ Dividend received - -

1.2 Tri tc c nhn/ Bond interest received

1,001,095,889

1,001,095,889

1.3 Li tin gi c nhn/ Interest received

678,884,722

678,884,722

1.4 Li (l) bn cc khon u t/ Realized gain (loss) from disposal of investment

- -

1.5 Chnh lch tng (gim) nh gi li cc khon u t cha thc hin/ Unrealized gain (loss) from revaluation of investment

- -

1.6 Doanh thu khc/ Other revenue

409,320

409,320

1.7 Chnh lch li, l t gi hi oi v cha thc hin/ Realized and unrealized gain (loss) from foreign exchange

- -

1.8 Doanh thu khc v u t/ Other income from investment - -

15

1.9 D phng n phi thu v d thu kh i v c tc, tin li v x l tn tht n phi thu kh i v c tc, tin li/ Provisions for dividend and interest receivables

- -

II CHI PH U T /INVESTMENT EXPENSE

6,531,640

6,531,640

2.1 Chi ph giao dch mua, bn cc khon u t/ Expenses for purchase and sale of investment

6,531,640

6,531,640

2.2 Chi ph d phng n phi thu kh i v x l tn tht phi thu kh i/ Provisions for receivables

- -

2.3 Chi ph li vay/ Loan interest expenses - -

2.4 Chi ph d phng gim gi ti sn nhn th chp v x l tn tht cc khon u t cho vay c ti sn nhn th chp/ Provision for asset received as pledge

- -

2.5 Chi ph u t khc/ Other investment expenses - -

III CHI PH HOT NG QU M/OPERATION EXPENSE

228,535,183

228,535,183

3.1 Ph qun l Qu m/ Management fee

151,407,323

151,407,323

3.2 Ph dch v lu k ti sn Qu m/ Custodian fee

10,693,823

10,693,823

3.3 Ph dch v gim st / Supervising fee

3,701,069

3,701,069

3.4 Ph dch v qun tr Qu m/ Fund administration fee

6,476,870

6,476,870

3.5 Ph dch v i l chuyn nhng/ Transfer agency fee

14,252,251

14,252,251

3.6 Chi ph hp, i hi Qu m/ Meeting expense - -

3.7 Chi ph kim ton/Audit expense

6,484,717

6,484,717

3.8 Chi ph thanh l ti sn Qu m/ Asset disposal expenses - -

16

3.9 Chi ph hot ng khc/ Other operating expenses

35,519,130

35,519,130

IV KT QU HOT NG U T/ GAIN (LOSS) FROM INVESTMENT (IV=I-II-III)

1,445,323,108

1,445,323,108

V KT QU THU NHP V CHI PH KHC/ OTHER INCOME AND EXPENSES - -

5.1 Thu nhp khc/ Other income - -

5.2 Chi ph khc/ Other expenses - -

VI TNG LI NHUN K TON TRC THU/ TOTAL TAXABLE PROFIT (VI=IV + V)

1,445,323,108

1,445,323,108

6.1 Li nhun thc hin/ Realised Income

1,445,323,108

1,445,323,108

6.2 Li nhun cha thc hin/ Unrealised Income - -

VII CHI PH THU TNDN/ CORPORATE INCOME TAX - -

VIII LI NHUN K TON SAU THU TNDN/ PROFIT AFTER TAX (VIII = VI - VII)

1,445,323,108

1,445,323,108

(*): Khng c s liu nm trc do y l nm bo co u tin ca Qu sau ngy giy php hot ng 13/03/2013. There is no data provided for last year because this is the first financial reporting year of the fund since the date of receiving operation licence 13Mar2013

Ngy 23 thng 07 nm 2013 / July 23, 2013

17

BO CO THAY I GI TR TI SN RNG, GIAO DCH CHNG CH QU/ NET ASSETS VALUE MOVEMENT REPORT

Bn nin 2013/ Semi-annual 2013 1 Tn cng ty qun l qu/ Fund Management Company name: Cng ty c phn qun l qu u t

MB/ MB Capital Management Joint Stock Company



4 K bo co/ Reporting period: T ngy 13 thng 03 nm 2013 ti ngy 30 thng 06 nm 2013/ From 13 Mar 2013 to 30 Jun 2013

STT/ NO

CH TIU/ INDICATORS K BO CO/ THIS PERIOD

K TRC/ LAST PERIOD (*)

I GTTSR u k/ NAV at the beginning of the period

54,296,925,000

II Thay i trong GTTSR ca qu trong k/ Changes of NAV during the period

1,445,323,108

Trong / In which:

II.1 Thay i ca GTTSR ca qu do bin ng th trng v hot ng u t ca qu/ Changes of NAV due to market fluctuation and the fund's investment in the period

1,445,323,108

II.2 Thay i ca GTTSR ca qu do vic phn chia li nhun cho nh u t/ Changes of NAV due to profit distribution to investors

-

III Thay i GTTSR do mua li, pht hnh thm chng ch qu/ Changes of NAV due to subscription/ redemption

2,707,836,123

III.1 Khon thu t vic pht hnh b sung chng ch qu/ Increase from subscription

2,748,768,123

III.2 Khon thanh ton t vic mua li chng ch qu/ Decrease from redemption

(40,932,000)

IV GTTSR cui k/ NAV at the end of period 58,450,084,231

V GTTSR trn mt n v qu/NAV per unit

10,262

(*): Khng c s liu k trc do y l k bo co bn nin u tin ca Qu sau ngy giy php hot ng 13/03/2013. There is no data provided for last period because this is the first semi-annual report of the fund since the date of receiving operation licence 13Mar2013

18

BO CO NH K V HOT NG U T CA QU/ PERIODICAL REPORT ON FUNDS INVESTMENT ACTIVITIES

I. BO CO V TI SN CA QU/ ASSET REPORT

Ti ngy 30 thng 06 nm 2013/ As at 30 Jun 2013




4 Ngy lp bo co/ Report signing date: 23/07/2013

n v tnh/ Currency: VN

TI SN/ ASSETS K BO CO/ THIS

PERIOD (30/06/2013)

K TRC/ LAST PERIOD

(30/06/2012) (*)

%/ K TRC/ %/ LAST PERIOD

I.1 Tin v cc khon tng ng tin/ Cash and cash equivalents 4,299,075,584 -

Tin gi ngn hng/ Cash at current account 79,075,584 -

Tin gi c k hn khng qu 3 thng/ Deposit with term not more than three months

4,220,000,000 -

Cc khon tng ng tin/ Cash equivelents - -

I.2 Cc khon u t/ Investments 51,111,350,684 -

Tri phiu / Bonds 31,111,350,684 -

Tri phiu nim yt/ Listed bonds 31,111,350,684 -

Tri phiu cha nim yt/ Unlisted bonds - -

u t khc/ Other Investments 20,000,000,000 -

Tin gi c k hn hn 3 thng/ Deposit with term more than three months

20,000,000,000 -

I.3 C tc, tri tc c nhn/ Dividend and bond interest receivables

2,547,945,205 -

19

C tc c nhn/ Dividend receivables - -

Tri tc c nhn/ Bond interest receivables 2,547,945,205 -

I.4 Li tin gi c nhn/ Interest receivables 572,352,083 -

I.5 Tin bn chng khon ch thu/ Unsettled sales - -

I.6 Phi thu khc/ Other receivables - -

I.7 Ti sn khc/ Other investments - -

-

I.8 TNG TI SN/ TOTAL ASSETS 58,530,723,556 -

TT N PHI TR/ LIABILITES K BO CO/ THIS

PERIOD (30/06/2013)

II. 1 Phi tr v mua cc khon u t/ Unsettled purchase - -

II. 2 Cc khon phi tr khc/ Other payables 80,639,325 -

Phi tr thu nhp cho nh u t/ Income payable to investors - -

Phi tr th lao ban i din qu/ Salaries of BOR payable 9,000,000 -

Phi tr cng ty qun l qu/ Management fee payable 42,782,924 -

Phi tr ph lu k, gim st/ Custodian, supervisory fee payable 3,897,999 -

Phi tr ph qun tr qu/ Administration fee payable 1,830,158 -

Phi tr ph dch v i l chuyn nhng/ Transfer agency fee payable

2,870,718 -

Phi tr ph kim ton/ Audit fee payable 6,484,717 -

Phi tr ph hp i hi/ AGM fee payable - -

Phi tr ph mi gii/ Broker fee payable - -

Ph pht hnh phi tr / Subscription fee payable 13,731,877 -

20

Thu v cc khon phi np cho nh nc/ Taxes payables 40,932 -

Thu TNCN m CTQLQ s tr h cho nh u t bn chng ch qu/ FMC will pay PIT to tax department on behalf of redempted investors

40,932 -

Phi tr khc/ Other payable - -

-

II.3 TNG N/ TOTAL LIABILITIES 80,639,325 -

III Ti sn rng ca Qu (I.8-II.3)/ Net asset value 58,450,084,231 -

III.1 Tng s n v Qu/ Total number of fund units 5,695,623.47 -

III.2 Gi tr ti sn rng trn mt n v Chng Ch Qu/ NAV per unit 10,262 -

(*): Khng c s liu k trc do y l k bo co bn nin u tin ca Qu sau ngy giy php hot ng 13/03/2013. There is no data provided for last period because this is the semi-annual report of the fund since the date of receiving operation licence 13Mar2013

Ghi ch : Qu khng c giao dch trong k hay s d cui k v cc khon vay tin, hp ng Repo, cc khon cho vay chng khon v hp ng Reverse Repo/ Fund does not have any closing balance or any transaction in the reporting period related to loan, Repo contracts, securities lending and Reverse Repo contracts

21

BO CO NH K V HOT NG U T CA QU/ PERIODICAL REPORT ON FUNDS INVESTMENT ACTIVITIES Bn nin 2013/ Semi-annual 2013

II. BO CO KT QU HOT NG/ PROFIT AND LOSS REPORT





n v tnh/ Currency: VN

STT/ No

CH TIU/ INDICATORS K BO CO/ THIS

PERIOD K TRC/ LAST

PERIOD(*)

LY K T U NM/ ACCUMULATION FROM THE BEGINNING OF THE

YEAR

I Thu nhp t hot ng u t / Income from investment 1,680,389,931 1,680,389,931

1 C tc, tri tc c nhn/ Dividend, bond interest received 1,001,095,889 1,001,095,889

C tc c nhn/ Dividend received - -

Tri tc c nhn/ Bond interest received 1,001,095,889 1,001,095,889

2 Li tin gi c nhn/ Interest received 678,884,722 678,884,722

3 Thu nhp khc/ Other income 409,320 409,320

II Chi ph/ Expenses 235,066,823 235,066,823

1 Ph qun l qu/ Management fee 151,407,323 151,407,323

2 Ph lu k, gim st/ Custodian fee, supervising fee 14,394,892 14,394,892

3 Chi ph dch v qun tr qu, dch v i l chuyn nhng v cc chi ph khc tr cho t chc cung cp dch v c lin quan/ Fund administration fee, transfer agency fee and other fees to related service providers 20,729,121 20,729,121

Chi ph dch v qun tr qu/ Fund administration fee 6,476,870 6,476,870

Chi ph dch v i l chuyn nhng/ Transfer agency fee 14,252,251 14,252,251

22

4 Chi ph kim ton/ Audit fee 6,484,717 6,484,717

5 Chi ph dch v t vn php l, dch v bo gi v cc dch v khc, th lao ban i din / Legal consultancy expenses, OTC price quotation fee, other expenses, remuneration payable to fund representative board 32,516,130 32,516,130

Th lao Ban i Din Qu 32,516,130 32,516,130

6

Chi ph d tho, in n, gi bn co bch, bo co ti chnh, xc nhn giao dch, sao k ti khon v cc ti liu khc cho nh u t, chi ph cng b thng tin ca qu, chi ph t chc hp i hi nh u t, ban i din qu/ Expenses for draft, printing, delivery of prospectus, simplified prospectus, transaction confirmation, account statements and other documents for investor; expenses for declaring information of the fund; expenses for holding General Investors Meeting, fund representative board - -

7 Chi ph lin quan n thc hin cc giao dch ti sn ca qu/ Expenses related to execution of funds asset transactions 6,531,640 6,531,640

Chi ph giao dch mua, bn cc khon u t/ Expenses for purchase and sale of investment 6,531,640 6,531,640

8 Cc loi ph khc/ Other expenses 3,003,000 3,003,000

Ph ngn hng/ Bank charges 3,003,000 3,003,000

Chi ph khc/ Other expense. - -

III

Thu nhp rng t hot ng u t (I-II)/ Net income from investment activities 1,445,323,108 1,445,323,108

IV Li (l) t hot ng u t/ Gain (loss) from investment activities

- -

1

Li (l) thc t pht sinh t hot ng u t/ Realised gain (loss) from disposal of investment - -

2

Thay i v gi tr ca cc khon u t/ Unrealised gain (loss) from revaluation of investment - -

V

Thay i GTTSR cho cc hot ng u t (III + IV)/ Changes of NAV due to the invesment activities during the period 1,445,323,108 1,445,323,108

VI GTTSR u k/ NAV at the beginning of the period 54,296,925,000 54,296,925,000

23

VII Thay i GTTSR u k ca qu trong k/ Changes of NAV in the period 4,153,159,231 4,153,159,231

Trong / In which

1 Thay i GTTSR do cc hot ng lin quan n u t trong k/ Changes of NAV due to invesment related activities during the period 1,445,323,108 1,445,323,108

2

Thay i GTTSR do vic phn phi thu nhp cho nh u t trong k/ Change of nav due to profit distribution in the period - -

3

Thay i GTTSR do mua li, pht hnh thm Chng ch Qu/ Change of nav due to subscription, redemption during the period 2,707,836,123 2,707,836,123

VIII GTTSR cui k/ NAV at the end of period 58,450,084,231 58,450,084,231


24


III. BO CO DANH MC U T CA QU/ PORTFOLIO REPORT

Ti ngy 30 thng 06 nm 2013/ As at 30 Jun 2013





n v tnh/ Currency: VND

Loi/ Type S lng/ Quantity

Gi th trng hoc gi tr

hp l ti ngy bo co/

Market price as at reporting

date

Tng gi tr/ Total value

T l % / Tng gi tr ti sn

ca Qu / Ratio (%) per Fund's total

assets

I CP nim yt/ Listed shares

II CP cha nim yt/ Unlisted shares

III Tri phiu/ Bonds

1 Tri phiu nim yt/ Listed Bonds

Tri phiu ngn hng chnh sch x hi c chnh ph bo lnh (BVBS12121) 11.1% 16/11/2017/ BVBS12121 11.1% 16Nov2017(*) 100,000 102,367 10,236,686,301 17.49%

Tri phiu ngn hng chnh sch x hi c chnh ph bo lnh (BVBS12123) 11.1% 04/12/2017/ BVBS12123 11.1% 04Dec2017(*) 100,000 102,398 10,239,826,027 17.49%

Tri phiu ngn hng chnh sch x hi c chnh ph bo lnh (VBS111048) 12.6% 12/07/2016/ VBS111048 12.6% 12Jul2016(*) 100,000 106,348 10,634,838,356 18.17%

Tng/ Total 300,000 31,111,350,684 53.15%

2 Tri phiu cha nim yt/ Unlisted Bonds

25

Tng/ Total

Tng cc loi tri phiu/ Total 300,000 31,111,350,684 53.15%

IV Cc loi chng khon khc/ Other securities

TNG CC LOI CHNG KHON/ TOTAL 300,000 31,111,350,684 53.15%

V Cc ti sn khc/ Other assets

C tc c nhn/ Dividend receivables

Li tri phiu c nhn/ Bond interest receivables 2,547,945,205 4.35%

Li tin gi c nhn/ Time deposit interest receivables 572,352,083 0.98%

Tin bn chng khon ch thu/ Unsettled sales

Cc khon t cc v ng trc/ Deposit suspense

Tin gi c k hn trn 3 thng/ Deposit with term more than three months 20,000,000,000 34.17%

Phi thu khc/ Other receivables

Ti sn khc/ Other investments

Tng/ Total 23,120,297,288 39.50%

VI Tin/ Cash, deposit

Tin gi khng k hn/ Cash at current account 79,075,584 0.14%

Tin gi c k hn khng qu 3 thng/ Deposit with term not more than three months 4,220,000,000 7.21%

Tng/ Total 4,299,075,584 7.34%

VII TNG GI TR DANH MC/ TOTAL ASSETS 58,530,723,556 100.00%

(*): Gi TT cui k l gi tr u t ban u

26


IV. MT S CH TIU KHC/ OTHER INDICATORS


1

Tn cng ty qun l qu/ Fund Management Company name: Cng ty c phn qun l qu u t MB/ MB Capital Management Joint Stock Company




CH TIU/ INDICATORS K BO CO/ THIS PERIOD

K TRC/ LAST PERIOD(*)

I Cc ch tiu v hiu qu hot ng u t/ Investment performance indicator

1 T l ph qun l tr cho cng ty qun l qu trn GTTSR trung bnh trong k (%)/ Management expense over average NAV ratio

0.90%

2 T l ph lu k, gim st tr cho NHGS trn GTTSR trung bnh trong k (%)/ Custodian and supervising fee expense over average NAV ratio

0.09%

3

T l chi ph dch v qun tr qu, chi ph dch v i l chuyn nhng v cc chi ph khc m cng ty qun l qu tr cho t chc cung cp dch v c lin quan trn GTTSR ca qu trung bnh trong k (%)/ Outsourcing service expenses over average NAV ratio

0.12%

4 Chi ph kim ton tr cho t chc kim ton trn GTTSR trung bnh trong k (%)/ Audit fee expense over average NAV ratio

0.04%

5

Chi ph dch v t vn php l, dch v bo gi v cc dch v hp l khc, th lao tr cho ban i din qu trn GTTSR trung bnh trong k (%)/ Legal consultancy, OTC price quotation, BOR remuneration expense over average NAV ratio

0.19%

6 T l chi ph hot ng trn GTTSR trung bnh trong k (%)/ Operating expense over average NAV ratio

1.40%

7 Tc vng quay danh mc trong k (%)/ Portfolio turnover rate (%)

92.54%

II Cc ch tiu khc/ Other indicators

1 Quy m qu u k (tnh theo mnh gi chng ch qu)/ Fund scale at the beginning of the period (based on par value of fund unit)

Tng gi tr chng ch qu ang lu hnh u k/ Total value of Fund unit at the beginning of the period

54,296,925,000

27

Tng s lng n v qu ang lu hnh u k/ Number of Fund units at the beginning of the period

5,429,692.50

2 Thay i quy m qu trong k (tnh theo mnh gi chng ch qu)/ Change of Fund scale during the period (based on par value of fund unit)

S lng n v qu pht hnh thm trong k/ Number of fund units subscribed in the period

269,930.97

Gi tr vn thc huy ng thm trong k/ Net subscription amount received in period

2,699,309,700

S lng n v qu mua li trong k/ Number of fund units redempted in the period

(4,000.00)

Gi tr vn thc phi thanh ton trong k khi p ng lnh ca nh u t/ Net redemption amount in period

(40,000,000)

3 Quy m qu cui k (tnh theo mnh gi chng ch qu)/ Fund scale at the end of the period (based on par value of fund unit)

Tng gi tr chng ch qu ang lu hnh cui k/ Total value of Fund unit at the end of the period

56,956,234,700

Tng s lng n v qu ang lu hnh cui k/ Number of Fund units at the end of the period

5,695,623.47

4 T l nm gi chng ch qu ca cng ty qun l qu v ngi c lin quan cui k/ Fund Management Company and related parties' ownership ratio at the end of the period

40.40%

5 T l nm gi chng ch qu ca 10 nh u t ln nht cui k/ Top 10 investors' ownership ratio at the end of the period

91.08%

6 T l nm gi chng ch qu ca nh u t nc ngoi cui k/ Foreign investors' ownership ratio at the end of the period

43.47%

7 S nh u t tham gia vo qu cui k, k c giao dch k danh/ Number of investors at the end of the period

171

8 Gi tr ti sn rng trn mt n v qu cui k/ NAV per unit at the end of the period

10,262


28

BO CO LU CHUYN TIN T/ CASH FLOW REPORT (Theo phng php trc tip/Direct method)






n v tnh/Currency: VN/VND

I Lu chuyn tin t hot ng u t/ Cash flow from investment activities

K BO CO/ THIS PERIOD

K TRC/ LAST PERIOD(*)

1 Tin chi mua cc khon u t/ Payments on purchases of investments

(52,658,200,000)

Tin chi mua tri phiu nim yt/ Payments on listed Bonds

(32,658,200,000)

Tin chi t tin gi c k hn trn 3 thng/ Payments for TMD with tenor over 3 months

(20,000,000,000)

2 Tin thu t bn cc khon u t/ Proceeds from sale of investments

-

Tin thu t bn chng khon/ Proceeds from sale of securities

-

Tin thu t cc khon tin gi c k hn trn 3 thng/ Proceeds from time deposits with tenor over 3 months

-

3 C tc nhn/ Dividends received

-

4 Tin li thu/ Interest received

106,532,639

5 Tin chi tr li vay cho hot ng ca Qu m/ Payments on loan interest

-

6 Tin chi tr ph cho hot ng Qu m/ Operating expenses paid

(161,668,667)

7 Tin chi np thu lin quan n hot ng Qu m/ Taxes paid

-

8

Tin chi thanh ton cc chi ph cho hot ng mua, bn cc khon u t (ph mi gii, ph chuyn tin)/ Transaction expenses (broker fee, ownership transfer fee ect.) paid

(6,531,640)

9

Tin thu khc t hot ng u t/ Other proceeds received from investment activities

-

10

Tin chi khc cho hot ng u t/ Other payment for investment activities

-

Lu chuyn tin thun t hot ng u t/ Net cash flow from investment activities

(52,719,867,668)

II

Lu chuyn tin t hot ng ti chnh/ Cash flow from financing activities

-

1

Tin thu t pht hnh Chng ch qu m/ Proceeds on subscriptions of participating shares

2,762,500,000

29

2

Tin chi mua li Chng ch qu m/ Payments on redemptions of participating shares

(40,481,748)

3 Tin vay gc/ Proceeds from loan principal

-

4 Tin chi tr n gc vay/ Payments of loan principal

-

5 Thu nhp tr cho Nh u t/ Distribution to participating shareholders

-

Lu chuyn tin thun t hot ng ti chnh/ Net cash flow from financing activities

2,722,018,252

III

Tng (gim) tin thun trong k/ Net increase (decrease) in cash and cash equivalents

(49,997,849,416)

IV

Tin v cc khon tng ng tin u k/ Cash and cash equivalents at the beginning of the period

54,296,925,000

Tin gi ngn hng u k/ Cash at bank at the begining of the period:

54,296,925,000

- Tin gi ngn hng cho hot ng Qu m/ Cash at bank for operation

54,296,925,000

- Tin gi c k hn khng qu 3 thng/ Deposit with term not more than three months

-

- Tin gi ca Nh u t v mua Chng ch qu/ Cash deposited by investors for subscription

-

- Tin gi phong ta/ Blocked cash at supervising bank

-

V

Tin v cc khon tng ng tin cui k/ Cash and cash equivalents at the end of the period

4,299,075,584

Tin gi ngn hng cui k/ Cash at bank at the end of the period:

4,299,075,584

- Tin gi ngn hng cho hot ng Qu m/ Cash at bank for operation

79,075,584

- Tin gi c k hn khng qu 3 thng/ Deposit with term not more than three months

4,220,000,000

- Tin gi ca Nh u t v mua Chng ch qu/ Cash deposited by investors for subscription

-

- Tin gi phong ta/ Blocked cash at supervising bank

-

VI Chnh lch tin v cc khon tng ng tin trong k/ Changes in cash and cash equivalents in the period

(49,997,849,416)


30

BN THUYT MINH BO CO TI CHNH CHN LC

Bn nin 2013

1. c im hot ng ca Qu m

1.1. Giy chng nhn cho bn: Qu u t tri phiu MB Capital Vit Nam c y Ban Chng Khon nh nc cp giy chng nhn ng k cho bn s 58/GCN-UBCK ngy 14/12/2012 1.2. Giy chng nhn thnh lp Qu m: Qu u t tri phiu MB Capital Vit Nam c y Ban Chng Khon nh nc cp giy chng nhn lp qu i chng vo ngy 13/03/2013 theo giy chng nhn s 01/GCN-UBCK

1.3. a ch lin h ca Qu: Tng 8, ta nh MB, S 3 Liu Giai, Phng Cng V, qun Ba nh, H Ni

1.4. iu l hot ng Qu m ban hnh vo thng 12 nm 2012

1.5. Nhng c im chnh v hot ng Qu m.

- Quy m vn Qu m: Vn iu l ca qu (vn huy ng c trong t pht hnh chng ch qu ln u ra cng chng) l 54,296,925,000 ng Vit Nam. Vn iu l qu do cc nh u t ng gp bng ng Vit Nam. Mnh gi ca mt n v qu MBBF l 10,000 ng Vit Nam.

- Mc tiu u t: Qu MBBF hng ti mc tiu ti a li nhun ng thi bo ton vn cho nh u t thng qua vic u t vo cc loi tri phiu, giy t c gi c pht hnh ti Vit Nam. - K tnh gi tr ti sn rng (NAV): NAV c nh gi hng tun vo ngy th t, hng thng vo ngy u tin ca thng tip theo, hng qu vo ngy u tin ca qu tip theo, hng nm vo ngy u tin ca nm tip theo.

- Tn sut giao dch Chng ch qu m: 2 ln mt thng. Th t (4) th nht v th ba trong thng

- Hn ch u t ca Qu m: A. Qu u t MBBF s tun theo cc hn ch u t sau y: A.1. Cn c vo quy m ca Qu: - u t ti thiu 80% gi tr ti sn qu vo tri phiu, giy t c gi, hoc cc cng c c thu nhp c nh ngoi tr tri phiu chuyn i; - Khng c u t qu bn mi chn (49%) tng gi tr ti sn ca qu vo tin gi; cng c th trng tin t, giy t c gi, cng c chuyn nhng ti cc ngn hng thng mi trong danh sch c Ban i din Qu ph duyt; - Khng c u t qu ba mi phn trm (30%) tng gi tr ti sn ca qu vo tin gi; cng c th trng tin t, giy t c gi, cng c chuyn nhng; tri phiu nim yt; tri phiu chun b nim yt, ng k giao dch pht hnh bi mt cng ty hoc mt nhm cng ty c quan h s hu vi nhau; - Khng c u t qu hai mi phn trm (20%) tng gi tr ti sn ca qu vo cc loi giy t c gi, cng c chuyn nhng, tri phiu ca mt t chc pht hnh; - Khng c u t qu mi phn trm (10%) tng gi tr ti sn ca qu vo tri phiu chun b nim yt, ng k giao dch; - Tng gi tr cc hng mc u t ln trong danh mc u t ca qu khng c vt qu bn mi phn trm (40%) tng gi tr ti sn ca qu; - Ti mi thi im, d n vay v cc khon phi tr ca qu khng c vt qu gi tr ti sn rng ca qu; - Khng c u t vo cc qu u t chng khon, c phiu ca cc cng ty u t chng khon thnh lp v hot ng ti Vit Nam; - Khng c u t trc tip vo bt ng sn, qu, kim loi qu him.

31

A.2. Cn c vo quy m ca khon u t: - Khng c u t vo tri phiu ca mt t chc pht hnh qu mi phn trm (10%) tng gi tr tri phiu ang lu hnh ca t chc .

B. C cu u t ca Qu c php sai lch nhng khng qu mi lm phn trm (15%) so vi cc hn ch quy nh ti khon 1 iu ny v ch do cc nguyn nhn sau: a) Bin ng gi trn th trng ca ti sn trong danh mc u t ca Qu; b) Thc hin cc khon thanh ton hp php ca Qu; c) Thc hin lnh giao dch ca Nh u t; d) Hot ng hp nht, sp nhp, thu tm cc t chc pht hnh; e) Qu mi c cp php thnh lp hoc do tch qu, hp nht qu, sp nhp qu m thi gian hot ng khng qu su (06) thng, tnh t ngy c cp giy chng nhn ng k lp qu; f) Qu ang trong thi gian gii th.

2. K k ton, n v tin t s dng trong k ton:

2.1. K k ton: K k ton nm ca qu l t ngy 01/01 n ngy 31/12. Nm ti chnh u tin bt u vo ngy 13/03/2013 (ngy giy php thnh lp Qu) v kt thc vo ngy 31/12/2013

2.2. n v tin t s dng trong k ton: Bo co ti chnh c lp v trnh by bng ng Vit Nam (VN)

3. Chun mc v Ch k ton p dng

3.1. Ch k ton p dng: Ch K ton Qu m ban hnh theo thng t s 198/2012/TT-BTC ngy 15/11/2012 ca B Ti Chnh.

3.2. Tuyn b v vic tun th Chun mc k ton v Ch k ton: Cc bo co ti chnh ca Qu c lp theo cc Chun mc K ton Vit Nam v ch k ton qu m quy nh theo thng t s 198/2012/TT-BTC ngy 15 thng 11 nm 2012 v thng t 183/2011/TT-BTC ngy 16 thng 12 nm 2011 ca B Ti Chnh

3.3. Hnh thc k ton p dng: Qu p dng hnh thc k ton Nht k Chung.

4. Cc chnh sch k ton p dng

Tin gi ngn hng v cc khon tng ng tin bao gm tin gi khng k hn, tin gi c k hn v cc khon u t ngn hn c thi hn gc khng qu 3 thng, c tnh thanh khon cao v c kh nng chuyn i d dng thnh cc lng tin xc nh v khng c nhiu ri ro trong chuyn i thnh tin.

u t chng khon: Cc khon u t chng khon c ghi nhn ban u theo gi mua khng bao gm cc khon chi ph lin quan k c ph mi gii. Cc khon u t ny c nh gi li ti ngy lp bng bo co tnh hnh ti chnh, cc khon li hoc l do nh gi li cc khon u t c ghi nhn vo bo co thu nhp.

Cc khon phi thu: Cc khon phi thu hot ng u t v cc khon phi thu khc c phn nh theo gi tr ghi s tr i d phng phi thu kh i.

Cc khon phi tr: Phi tr hot ng u t v cc khon phi tr khc c th hin theo gi tr ghi s.

32

D phng: Cc khon d phng c ghi nhn khi Qu c mt ngha v php l hoc lin i hin ti pht sinh t cc s kin qua; c th a n s gim st nhng li ch kinh t cn thit thanh ton ngha v n; gi tr ca ngha v n c c tnh mt cch ng tin. D phng khng c ghi nhn cho cc khon l hot ng trong tng lai. D phng c tnh theo cc khon chi ph d tnh phi thanh ton ngha v n. Nu yu t thi gi ca tin t l quan trng th d phng c tnh gi tr hin ti vi sut chit khu trc thu v phn nh nhng nh gi theo th trng hin ti v thi gi ca tin t v ri ro c th ca khon n . Khon tng ln trong d phng do thi gian tri qua c ghi nhn l chi ph tin li.

Vn gp: Vn gp ca Qu bao gm vn gp pht hnh tr i vn gp mua li tnh theo Gi tr ti sn rng ca mt n v qu ti ngy giao dch. Thu nhp, doanh thu: Thu nhp v doanh thu hot ng u t ca Qu c ghi nhn khi Qu chc chn c kh nng nhn c cc li ch kinh t v cc khon thu nhp, doanh thu ny c th xc nh c mt cch ng tin cy. - Thu nhp ca qu MBBF bao gm thu nhp pht sinh t chnh lch tng do nh gi li cc khon u t chng khon v thu nhp pht sinh t vic bn chng khon. - Doanh thu hot ng u t bao gm doanh thu t c tc, li tri phiu, li tin gi khng k hn v c k hn.

Chi ph: Chi ph c ghi nhn trn c s dn tch trong bo co kt qu hot ng.

5. Cc s kin hoc giao dch trng yu trong k k ton gia nin 5.1. Tnh chu k ca cc hot ng kinh doanh trong k k ton gia nin : Qu MBBF hot ng khng c

tnh chu k 5.2. Trong k, qu khng pht sinh cc khon mc no nh hng n ti sn, n phi tr, ngun vn gp, thu nhp thun, hoc cc lung tin c coi l yu t khng bnh thng do tnh cht, quy m hoc tc ng ca chng

5.3. Vn gp

Ch tiu

K bo co K trc (*)

Ly k t u nm n cui

k bo co

1 Vn gp u k

54,296,925,000

54,296,925,000

Vn gp pht hnh

54,296,925,000

54,296,925,000

Vn gp pht hnh theo mnh gi

54,296,925,000

54,296,925,000

Thng d vn do pht hnh thm chng ch qu

-

-

Vn gp mua li

-

-

Vn gp mua li theo mnh gi

-

-

Thng d vn do mua li chng ch qu

-

-

2 Thay i vn gp trong k

2,707,836,123

2,707,836,123

Pht hnh thm trong k

2,748,768,123

2,748,768,123

33

-Pht hnh thm chng ch qu theo mnh gi

2,699,309,700

2,699,309,700

-Thng d vn do pht hnh thm chng ch qu

49,458,423

49,458,423

Mua li trong k

(40,932,000)

(40,932,000)

-Mua li chng ch qu theo mnh gi

(40,000,000)

(40,000,000)

-Thng d vn do mua li chng ch qu

(932,000)

(932,000)

3 Vn gp cui k

57,004,761,123

57,004,761,123

Vn gp pht hnh

57,045,693,123

57,045,693,123

Vn gp pht hnh theo mnh gi

56,996,234,700

56,996,234,700

Thng d vn do pht hnh chng ch qu

49,458,423

49,458,423

Vn gp mua li

(40,932,000)

(40,932,000)

Vn gp mua li theo mnh gi

(40,000,000)

(40,000,000)

Thng d vn do mua li chng ch qu

(932,000)

(932,000)

(*): Khng c s liu ca k bo co trc do y l k bo co bn nin u tin ca Qu sau ngy giy php hot ng 13/03/2013.

5.4. Trong k, qu khng c bt k thay i no lin quan n cc c tnh k ton

5.5. Nguyn tc v phng php k ton ghi nhn ngun vn Qu m: xem phn 4 - Cc chnh sch k ton p dng

5.6. Nguyn tc v phng php k ton ghi nhn cc khon thu nhp, doanh thu Qu m: xem phn 4 - Cc chnh sch k ton p dng

5.7. S kin trng yu pht sinh sau ngy kt thc k k ton gia nin cha c phn nh trong Bo co ti chnh gia nin : Khng c

5.8. Trnh by cc chnh sch nh gi cc khon u t:

5.8.1. Tin gi khng k hn: gi tr tin gi khng k hn c xc nh bng s d tin gi khng k hn ti ngy trc ngy nh gi 5.8.2. Tin gi c k hn: gi tr tin gi c k hn c xc nh bng s d tin gi c k hn cng li cha c thanh ton tnh ti ngy trc ngy nh gi 5.8.3. Chng ch tin gi c th chuyn nhng, tn phiu kho bc, hi phiu ngn hng, thng phiu, tri phiu v cc cng c th trng tin t chit khu: Gi tr chng ch tin gi, tn phiu kho bc, hi phiu ngn hng, thng phiu, tri phiu v cc cng c th trng tin t chit khu c xc nh bng gi mua cng vi li ly k tnh ti ngy trc ngy nh gi.

34

5.8.4. Tri phiu nim yt: - Gi ca tri phiu nim yt c xc nh l gi ng ca (Gi sch) trn h thng giao dch ti S Giao dch Chng khon ti ngy c giao dch gn nht trc ngy nh gi cng vi li ly k tnh ti ngy trc ngy nh gi. - Trng hp khng c giao dch nhiu hn 02 tun tnh n ngy nh gi, gi ca tri phiu nim yt c s dng theo th t u tin nh sau: + Gi trung bnh gia gi cho mua v gi cho bn trn h thng bo gi Bloomberg cng li sut cung phiu ti ngy trc ngy nh gi. + Gi ca k bo co gn nht nhng khng qu 03 thng tnh n ngy nh gi. - Gi mua cng li ly k tnh ti ngy trc ngy nh gi s c p dng 5.8.5. Tri phiu cha nim yt: - Gi ca tri phiu cha nim yt c thi gian o hn trn 01 (mt) nm c xc nh theo th t u tin nh sau: + Gi trung bnh gia gi cho mua v gi cho bn trn h thng bo gi Bloomberg cng li sut cung phiu ti ngy trc ngy nh gi. + Gi c xc nh bi trung bnh bo gi (gi sch) ca 3 t chc cung cp bo gi c xc nh ti im 2 cng li sut cung phiu tnh ti ngy trc ngy nh gi. + Trng hp khng c y bo gi ca 3 t chc cung cp bo gi, gi c xc nh bi trung bnh bo gi (gi sch) ca 2 t chc cung cp bo gi c xc nh ti im 2 cng li sut cung phiu tnh ti ngy trc ngy nh gi. + Gi ca k bo co gn nht nhng khng qu 03 thng tnh n ngy nh gi. + Gi mua cng li ly k tnh ti ngy trc ngy nh gi. - Gi ca tri phiu cha nim yt c thi gian o hn di 01 (mt) nm c xc nh l gi mua cng vi li ly k tnh ti ngy trc ngy nh gi.

Ngn hng gim st/ Supervising bank

( k v ng du) (Signed and sealed)

Cng ty qun l qu/ Fund Management company Tng gim c/ General director

( k v ng du) (Signed and sealed)

Documents

MBBF Annual Report 2013