Pension Fund Balanced-Amundi-Acba

Performance history as of 23/07/2025

Share Class

NOMINAL (INITIAL) VALUE:

1 000 AMD

NAV per share

2381.6035

Weekly

0.68 %

Year to date(YTD)

5.44 %

Last year

10.29 %

Last 12 months

9.18 %

For the last three years(annualized)

9.99 %

For the last five years (annualized)

6.04 %

Since inception (annualized)

7.93 %

Performance of previous years

10.29%

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 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 Daily
NAV PER UNIT PUBLICATION TIME 15:00
Fund's net assets 8813147555.26
Share nominal value 1 000
NAV per share 2381.6035
The amount of participation of the fund manager 112 160 771

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 Maximum 0.1%
Audit fee 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

Balanced Fund's Rules.pdf

Responsible Investment policy

Amundi-Acba Responsible Investment policy

Working hours

Monday-Friday

09:00-18:00

Frequently Asked Questions Find answers to questions that interest you

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

How to choose this fund?

Fund performance

Start

End

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Fund performance since inception (as for 1000)

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Performance history as of 23/07/2025

Share Class

NAV per share

2381.6035

Weekly

0.68 %

Year to date(YTD)

5.44 %

Last year

10.29 %

Last 12 months

9.18 %

For the last three years(annualized)

9.99 %

For the last five years (annualized)

6.04 %

Since inception (annualized)

7.93 %

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 4.99%
3 years 4.78%
5 years 4.68%
Inception to date 4.27%

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.

Year

Month

Download the structure PDF

Fund structure

Structure by

Asset classes
Currency

The movement of assets under management

Date	Assets	NAV per share
Date 30/12/2024	Assets 7,640,781,852	NAV per share 2,258.64
Date 31/01/2025	Assets 7,749,904,751	NAV per share 2,289.35
Date 28/02/2025	Assets 7,766,967,573	NAV per share 2,291.69
Date 31/03/2025	Assets 8,021,033,791	NAV per share 2,270.12
Date 30/04/2025	Assets 8,172,722,742	NAV per share 2,284.22
Date 30/05/2025	Assets 8,390,901,768	NAV per share 2,315.32

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

Structure by

Geographic area
Sector
Countries
Market capitalization

Download the structure PDF

Anush Amirjanyan

30.06.2025

Fund Manager's comment

In May, certain reallocations were made in the fund. The share of cash holdings was reduced from 5.7% to 2.1%, and the allocation to foreign money market funds decreased from 2.3% to 1.4%. At the same time, we increased the allocations to deposits (from 15% to 17.4%), Armenian government bonds (from 31% to 31.5%), and foreign equities (from 31.4% to 33.1%).

There were no significant changes in the currency structure of the fund.

The fund’s performance was positive, mainly driven by the appreciation of local investments and the increase in foreign equity prices.

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