Balanced fund (AMBAL)
Performance history as of 24.11.2022
Share class
-
NAV per share
1791.5468
Weekly
0.55 %
Year to date(YTD)
-8.80 %
Last year
3.55 %
Last 12 months
-7.96 %
For the last three years(annualized)
2.17 %
For the last five years (annualized)
4.17 %
Since inception (annualized)
since inception date: 11/03/2014
6.92 %
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.
How to choose this fund?
Characteristics
- Legal status Contractual, standard, open-ended investment fund
-
Risk degree
risk is associated with exposure to equitieshigh
- 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 dayDaily
-
NAV per unit publication time
no later than the close of business day15:00
-
Fund's net assets
assets minus accrued liabilities4137969334.05
-
Share nominal value
defined by RA Government1 000
-
NAV per share
1791.5468
-
The amount of participation of the fund manager
as of 31/08/202250 590 020
- 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 fundscontractual
- 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:
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
Fund Administration Agent
CACEIS FA
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
Fund performance
Performance history as of 24.11.2022
Share class
-
NAV per share
1791.5468
Weekly
0.55 %
Year to date(YTD)
-8.80 %
Last year
3.55 %
Last 12 months
-7.96 %
For the last three years(annualized)
2.17 %
For the last five years (annualized)
4.17 %
Since inception (annualized)
6.92 %
Performance analytics data since inception
- Maximum drawdown -12.44%
- Worst month 06/2022
- Best month 11/2020
- Lowest return -5.00%
- Highest return 4.04%
Risk analysis data
- 1 year 5.52%
- 3 years 5.33%
- 5 years 4.46%
- Inception to date 4.24%
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.
Fund structure
Structure by
- Asset classes
- Currency
The movement of assets under management
| Date | Assets | NAV per share |
|---|---|---|
|
Date
2022.05.31
|
Assets
3,909,111,757
|
NAV per share
1,853.49
|
|
Date
2022.06.30
|
Assets
3,777,361,736
|
NAV per share
1,760.84
|
|
Date
2022.07.29
|
Assets
3,928,725,106
|
NAV per share
1,799.63
|
|
Date
2022.08.31
|
Assets
3,959,771,869
|
NAV per share
1,782.89
|
|
Date
2022.09.30
|
Assets
3,926,582,748
|
NAV per share
1,739.23
|
|
Date
2022.10.28
|
Assets
4,028,780,444
|
NAV per share
1,755.34
|
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
Anush Amirjanyan
14.11.2022
Fund Manager's comment
In October, we have increased exposure to term deposits (from 27.6% to 28.7%) and to foreign equities (from 20.3% to 22.9%) at the expense of cash(from 5.6% to 3.6%). The weight of Armenian government bonds has decreased from 33.4% to 32.6%.
We increased the exposure to foreign currency denominates assets from 31.1% up to 32.8%.
As regards to the fund’s performance, during October it was positive due to the increase in foreign equity prices.
Past performance is not a guarantee or a reliable indicator for future performance and returns..
Reports
- 2022
- 2021
- 2020
- 2019
Funds
Updated 14.11.2022 | 13:29