Performance history as of 24.06.2022
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 Conservative 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 equitiesmedium
- Investing in equity instruments Maximum 25%
-
Distribution of fund income
on the principle of compound interest, i.e. performance is calculated based on both the initial principal and the accumulated interest from previous periodsIncomes are reinvested
- Fund manager Hrayr Aslanyan, Anush Amirjanyan
- Since inception date 11/03/2014
- Fund currency AMD
-
NAV calculation frequency
Time, when the NAV is calculated and submitted to the RegistrarDaily
-
NAV per unit publication time
-
Fund's net assets
assets minus accrued liabilities249730841226.22
-
Share nominal value
defined by RA Government1 000
-
NAV per share
-
The amount of participation of the fund manager
at least 1% of AUM, if it does not exceed 1 billion AMD1 250 487 324
- Entry charge (maximum) 0.00%
- Exit charge (maximum) 3.00%
- The amount of management fee including custodian fee 1.10%
- 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
The redemption price of the unit may be less than the net asset value per unit
that has been calculated at the time of publication, by an amount equal to the fees and expenses stipulated in the rules of the fund.
The procedure for repurchasing, repaying, terms and conditions of pension fund shares are defined in the fund rules.
Fund rules
Working hours
Interested parties
Fund performance
Performance history as of 24.06.2022
Performance analytics data since inception
- Maximum drawdown -6.97%
- Recovery period (days) 374
- Lowest return -5.05%
- Highest return 3.69%
- Worst month 12/2014
- Best month 11/2020
Risk analysis data
- 1 year 3.87%
- 3 years 4.57%
- 5 years 3.84%
- Inception to date 3.84%
Fund structure
Structure by
- Asset classes
- Currency
The movement of assets under management
Date | Assets | NAV per share |
---|---|---|
Date
2021.11.30
|
Assets
227,789,015,994
|
NAV per share
1,901.85
|
Date
2021.12.30
|
Assets
242,389,429,897
|
NAV per share
1,915.63
|
Date
2022.01.31
|
Assets
247,808,442,099
|
NAV per share
1,909.96
|
Date
2022.02.28
|
Assets
251,644,272,944
|
NAV per share
1,903.76
|
Date
2022.03.31
|
Assets
254,330,144,230
|
NAV per share
1,888.10
|
Date
2022.04.29
|
Assets
248,792,287,992
|
NAV per share
1,809.84
|
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

In April, we have increased exposure to term deposits (from 23.4% to 24.4%). The changes in the weights of other asset classes are mainly driven by market impact.
Foreign currency exposure has decreased from 33.9% to 31.5%, 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 current or future performance and returns.
Reports
- 2022
- 2021
- 2020
- 2019