Performance history as of 12/04/2024

Share Class
-
NOMINAL (INITIAL) VALUE:
1 000 AMD
NAV per share
re-evaluated daily
2112.0303
Weekly
0.23 %
Year to date(YTD)
3.13 %
Last year
14.55 %
Last 12 months
13.93 %
For the last three years(annualized)
2.69 %
For the last five years (annualized)
5.80 %
Since inception (annualized)
since inception date: 11/03/2014
7.69 %
Performance of previous years
14.55%
Fund's profitability indicators include expenses and payments paid at the expense of the fund assets.
Past performance is not a guarantee or a reliable indicator for future performance and returns.

The investment objective of the Balanced fund is to maximize the total return on assets, by investing in fixed income and equity instruments at acceptable level of risk. The assets of the Fund can be invested in money market instruments, government and corporate bonds, bank deposits and equities, denominated in AMD and foreign currency, as well as in exchange traded funds (ETFs) and mutual funds, investing solely in above mentioned instruments.

Characteristics

  • Legal status Contractual, standard, open-ended investment fund
  • risk is associated with exposure to equities
    risk is associated with exposure to equities
    high
  • Investing in equity instruments Maximum 50%
  • secured investment returns are reinvested
    Incomes are reinvested
  • Fund manager Hrayr Aslanyan, Anush Amirjanyan
  • Since inception date 11/03/2014
  • Fund currency AMD
  • NAV CALCULATION FREQUENCY
    no later than the close of business day
    Daily
  • NAV PER UNIT PUBLICATION TIME
    no later than the close of business day
    15:00
  • Fund's net assets
    assets minus accrued liabilities
    6402780911.17
  • Share nominal value
    defined by RA Government
    1 000
  • NAV per share
    re-evaluated daily
    2112.0303
  • The amount of participation of the fund manager
    as of 31/03/2024
    72 508 893
  • Entry charge (maximum) 0.00%
  • Exit charge (maximum) 3.00%
  • The amount of management fee including custodian fee 1.15%
  • Performance fees No
  • Guarantee fund fee 0,02%
  • Transaction costs
    According to Regulation 10/12 on “Items and Maximum Amounts of Costs by the Use of Mandatory Pension Fund Assets”
    Maximum 0.1%
  • Audit fee
    In 2024, 17 Mio AMD from 26 Mio AMD will be paid by the funds, 9 Mio AMD by the Manager. In 2023, 17 Mio AMD from 25 Mio AMD was paid by the funds, 8 Mio AMD by the Manager. 17 Mio AMD is distributed proportionally among the 3 funds according to the net asset value of the given fund as of the last business day of the year preceding the given year.
    contractual
  • Taxes Fund is not taxable

Redemption price of a unit may be less than the available net asset value per unit (at the time when the application is submitted to CDA) by an amount equal to the fees and expenses stipulated in the fund's rules.

The procedure for repurchasing, repaying, terms and conditions of pension fund shares are defined in the fund rules.

Fund rules

Working hours

Monday-Friday
09:00-18:00
Frequently Asked Questions Find answers to questions that interest you arrow right

Interested parties

Asset Management
Amundi-ACBA Asset Management
10 V. Sargsyan, premises 100-101, Yerevan 0010, RA
(+374) 11 31 00 00
info-armenia@amundi.com
https://amundi-acba.am
Custodian and Registrar
Central Depository of Armenia
26/1 Vazgen Sargsyan str., Yerevan 0010, Armenia
(+374) 60 61 55 55
info@amx.am
https://cda.am
Fund Administration Agent
CACEIS FA
1-3, place Valhubert 75206 Paris Cedex 13
(+33) 1 57 78 05 88
https://www.caceis.com/
External auditor
Ernst & Young
7th floor, Kamar Business Center, 2 Vazgen Sargsyan, Yerevan 0010, Armenia
(+374) 60 50 77 77
yerevan@am.ey.com
https://www.ey.com/en_am
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Fund performance

Fund performance since inception (as for 1000)
Download the graph

Performance history as of 12/04/2024

Share Class
-
NAV per share
re-evaluated daily
2112.0303
Weekly
0.23 %
Year to date(YTD)
3.13 %
Last year
14.55 %
Last 12 months
13.93 %
For the last three years(annualized)
2.69 %
For the last five years (annualized)
5.80 %
Since inception (annualized)
7.69 %

Performance analytics data since inception

  • Maximum drawdown -12.44%
  • Recovery period (days) 335
  • Lowest return -5.00%
  • Highest return 4.04%
  • Worst month 06/2022
  • Best month 11/2020

Risk analysis data

  • 1 year 3.52%
  • 3 years 4.63%
  • 5 years 4.72%
  • Inception to date 4.20%

Volatility is a statistical indicator that measures an asset’s variations around its average value. The higher the value of the volatility index, more risky is the asset.
Download the structure PDF

Fund structure

Structure by

  • Asset classes
  • Currency

The movement of assets under management

Date Assets NAV per share
Date
30/10/2023
Assets
5,434,488,394
NAV per share
1,952.89
Date
30/11/2023
Assets
5,581,427,800
NAV per share
2,005.66
Date
29/12/2023
Assets
5,892,790,277
NAV per share
2,047.85
Date
31/01/2024
Assets
6,024,267,092
NAV per share
2,059.64
Date
29/02/2024
Assets
6,257,329,783
NAV per share
2,110.06
Date
27/03/2024
Assets
6,402,405,182
NAV per share
2,125.74

Global distribution

  • By regions
  • By countries
  • By sectors

Breakdown by

  • Country of listed securities
  • Deposit by Country
  • Issuer country of investment funds
  • Country of derivatives counterparty

Bond analysis

Structure by

  • Issuer type
  • Rating
  • Countries
  • Currencies

Distribution of government bonds by countries

Equity analysis

The movement of assets under management

  • Geographic area
  • Sector
  • Countries
  • Market capitalization
Download the structure PDF
Anush Amirjanyan
12.04.2024
Fund Manager's comment

In March, we reallocated our portfolio by reducing the allocation to foreign bonds (from 6.7% to 2.4%), simultaneously, we increased our exposure to foreign equities (from 26.2% to 30%). The fluctuations in the allocations of other asset classes are primarily influenced by incoming cash flows.

 

There was no significant change in the foreign currency structure of the fund.

As regards the fund’s performance, during January it was positive due to the increase in the prices of both local and foreign investments.  

Past performance is not a guarantee or a reliable indicator for future performance and returns..

Reports

Funds

Updated 12.04.2024 | 14:45