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Performance history as of 27/03/2025

Share Class
-
NOMINAL (INITIAL) VALUE:
1 000 AMD
NAV per share
re-evaluated daily
2258.5626
Weekly
-0.03 %
Year to date(YTD)
1.35 %
Last year
10.24 %
Last 12 months
7.91 %
For the last three years(annualized)
6.15 %
For the last five years (annualized)
6.49 %
Since inception (annualized)
since inception date: 11/03/2014
7.65 %
Performance of previous years
10.24%
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 is associated with exposure to equities
    risk is associated with exposure to equities
    medium
  • Investing in equity instruments Maximum 25%
  • secured investment returns are reinvested
    on the principle of compound interest, i.e. performance is calculated based on both the initial principal and the accumulated interest from previous periods
    Incomes are reinvested
  • Fund manager Hrayr Aslanyan, Anush Amirjanyan
  • Since inception date 11/03/2014
  • Fund currency AMD
  • NAV CALCULATION FREQUENCY
    the time period when the fund's net asset value is calculated and reported to the Registrar
    Daily
  • NAV PER UNIT PUBLICATION TIME
    no later than the end of business day: defined by the 10/09 Regulation of the Central Bank
    15:00
  • Fund's net assets
    assets minus accrued liabilities
    584902940771.27
  • Share nominal value
    defined by RA Government
    1 000
  • NAV per share
    re-evaluated daily
    2258.5626
  • The amount of participation of the fund manager
    at least 1% of AUM, if it does not exceed 1 billion AMD
    1 562 956 751
  • Entry charge (maximum) 0.00%
  • Exit charge (maximum) 3.00%
  • The amount of management fee including custodian fee 0.95%
  • 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

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

Responsible Investment policy

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
6/1 Vazgen Sargsyan str., Yerevan 0010, RA
(+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
  1. My account of Central Depository of Armenia, if you have ID card and card reader, you need:
    • Connect the identification card reader to the computer and insert your identification card into the device
    • Enter the PIN code provided with the identification card
    • Go to "My Applications" section, select "Request for Mandatory Pension Fund and Pension Fund Manager" application and fill it out
    • After completing the application, click the "Save" button and then the "Accept" button.
  2. If you have Mobile Identification card (mID), you need:
    • Click the "Verification" button
    • Click the "Identification" button
    • Choose the "Mobile Identification Card" option
    • Enter phone number
    • Click the "Log in" button
    • Select "Confirm" in the window that opens on the mobile phone
    • Enter the PIN code
    • Take the necessary actions
  3. Through CDA Online application (if there is a securities account).
  4. Through Converse Mobile application.
  5. Through AraratMobile application.
  6. Through Account Operators
    1. - Visit one of the following Account Operators, present ID card or passport and public service number (social security card)


      Account Operators are:

      Tel: (+374 10) 51 45 14   Head Office and Branches
      Tel: (+374 10) 59 23 23   Head Office and Branches


                Tel: (+374 10) 51 12 11   Head Office and Branches

              

                Tel: (+374 12) 22 22 22   Head Office and Branches


                      Tel: (+374 10) 59 20 20   Head Office and Branches
                                     Tel: (+374 12) 22 22 22   Head Office and Branches

Fund performance

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

Performance history as of 27/03/2025

Share Class
-
NAV per share
re-evaluated daily
2258.5626
Weekly
-0.03 %
Year to date(YTD)
1.35 %
Last year
10.24 %
Last 12 months
7.91 %
For the last three years(annualized)
6.15 %
For the last five years (annualized)
6.49 %
Since inception (annualized)
7.65 %

Performance analytics data since inception

  • Maximum drawdown -11.29%
  • Recovery period (days) 315
  • Lowest return -5.05%
  • Highest return 3.69%
  • Worst month 12/2014
  • Best month 11/2020

Risk analysis data

  • 1 year 3.37%
  • 3 years 4.20%
  • 5 years 4.56%
  • Inception to date 3.89%

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
30/08/2024
Assets
504,724,811,296
NAV per share
2,174.94
Date
30/09/2024
Assets
515,677,642,111
NAV per share
2,200.07
Date
30/10/2024
Assets
524,546,829,550
NAV per share
2,190.49
Date
29/11/2024
Assets
536,130,712,970
NAV per share
2,227.80
Date
30/12/2024
Assets
552,160,756,843
NAV per share
2,228.51
Date
31/01/2025
Assets
558,671,385,452
NAV per share
2,253.96

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
28.02.2025
Fund Manager comment

In January, we reallocated our portfolio by reducing the allocation to cash (from 3.9% to 1.2%) and to foreign money market funds (from 1.9% to 0.3%), simultaneously, we increased our exposure to local government bonds (from 39.6% to 41.5%), foreign equities (from 22.3% to 23.5%) and adjusted the weight of foreign bonds (from 9.2% to 10.2%). 


The proportion of foreign currency assets rose to 34.7% from the previous month's 34.2%.


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 current or future performance and returns.

Reports

Funds

Updated 28.02.2025 | 14:33