Performance history as of 24.06.2022

Share class
-
NAV per share
1773.4923
Weekly
-0.37 %
Year to date(YTD)
-9.72 %
Last year
3.55 %
Last 12 months
-9.53 %
For the last three years(annualized)
3.26 %
For the last five years (annualized)
5.05 %
Since inception (annualized)
since inception date: 11/03/2014
7.15 %
Performance of previous years
3.6%
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 degree
    risk is associated with exposure to equities
    high
  • Investing in equity instruments Maximum 50%
  • Distribution of fund income
    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
    3804066795.36
  • Share nominal value
    defined by RA Government
    1 000
  • NAV per share
    1773.4923
  • The amount of participation of the fund manager
    as of 31/12/2021
    53 172 610
  • Entry charge (maximum) 0.00%
  • Exit charge (maximum) 3.00%
  • The amount of management fee including custodian fee 1.30%
  • 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
    maximum 17 Mio AMD for 3 funds
    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.

Working hours

Monday-Friday
09:00-18:00

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
Deloitte Armenia
Amiryan St. 4/7, 0010 Yerevan, RA
(+374) 10 52 75 20
amdeloitte@deloitte.am
https://www2.deloitte.com/am/am.html
How to choose this fund?

Fund performance

Fund performance since inception (as for 100)
Download the graph

Performance history as of 24.06.2022

Share class
-
NAV per share
1773.4923
Weekly
-0.37 %
Year to date(YTD)
-9.72 %
Last year
3.55 %
Last 12 months
-9.53 %
For the last three years(annualized)
3.26 %
For the last five years (annualized)
5.05 %
Since inception (annualized)
7.15 %

Performance analytics data since inception

  • Maximum drawdown -7.92%
  • Recovery period (days) 439
  • Lowest return -4.65%
  • Highest return 4.04%
  • Worst month 04/2022
  • Best month 11/2020

Risk analysis data

  • 1 year 4.31%
  • 3 years 4.77%
  • 5 years 4.01%
  • Inception to date 4.06%

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
2021.11.30
Assets
3,646,114,672
NAV per share
1,948.20
Date
2021.12.30
Assets
3,826,388,125
NAV per share
1,964.42
Date
2022.01.31
Assets
3,873,750,527
NAV per share
1,953.28
Date
2022.02.28
Assets
3,916,182,060
NAV per share
1,945.13
Date
2022.03.31
Assets
3,956,905,961
NAV per share
1,934.85
Date
2022.04.29
Assets
3,829,110,654
NAV per share
1,844.95

Global distribution

  • By regions
  • By countries
  • By sectors

Breakdown by

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

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
11.05.2022
Fund Manager's comment

In April, we have increased exposure to local government and corporate bonds respectively from 28.9% to 30.5% and from 8.1% to 9.6%. The changes in the weights of other asset classes are mainly driven by market impact.

Foreign currency exposure has decreased from 37.4% to 34.9%, which is due to the appreciation of Armenian dram against US dollar and euro.

As regards to the fund’s performance, it was negative due to the decrease in both foreign and local securities’ prices.

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

Reports

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Updated 13.05.2022 | 14:35