Conservative fund (AMCON)

Performance history as of 19/12/2024

Share Class

NOMINAL (INITIAL) VALUE:

1 000 AMD

NAV per share

2217.7182

Weekly

-0.84 %

Year to date(YTD)

9.71 %

Last year

14.30 %

Last 12 months

10.22 %

For the last three years(annualized)

5.24 %

For the last five years (annualized)

5.84 %

Since inception (annualized)

7.67 %

Performance of previous years

14.30%

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 medium
Investing in equity instruments Maximum 25%
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 533660686818.92
Share nominal value 1 000
NAV per share 2217.7182
The amount of participation of the fund manager 1 513 488 828

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 Maximum 0.1%
Audit fee 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

Conservative 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

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

Fund performance

Start

End

Download the graph

Fund performance since inception (as for 1000)

Download the graph

Performance history as of 19/12/2024

Share Class

NAV per share

2217.7182

Weekly

-0.84 %

Year to date(YTD)

9.71 %

Last year

14.30 %

Last 12 months

10.22 %

For the last three years(annualized)

5.24 %

For the last five years (annualized)

5.84 %

Since inception (annualized)

7.67 %

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 3.03%
3 years 4.15%
5 years 4.46%
Inception to date 3.88%

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 31/05/2024	Assets 463,778,627,983	NAV per share 2,105.01
Date 28/06/2024	Assets 476,036,280,080	NAV per share 2,127.35
Date 31/07/2024	Assets 490,223,947,650	NAV per share 2,152.34
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

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

Download the structure PDF

Anush Amirjanyan

29.11.2024

Fund Manager comment

In October, we increased the weight of term deposits from 15.2% to 15.6% and Armenian corporate bonds from 6.8% to 7.2%. The fluctuations in the allocations of other asset classes are primarily influenced by incoming cash flows and market impact.

The decrease in the weight of foreign currency assets in the fund, from 34.9% to 33.6%, was driven by cash inflows and the depreciation of the U.S. dollar, euro, and British pound against the Armenian dram.

The fund’s performance for the month was negative, affected by the decline in the value of foreign investments as well as the depreciation of the euro and British pound against the Armenian dram.

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