Conservative fund (AMCON)

Performance history as of 24.11.2022

Share class

NAV per share

1769.3217

Weekly

0.50 %

Year to date(YTD)

-7.64 %

Last year

3.08 %

Last 12 months

-6.76 %

For the last three years(annualized)

2.47 %

For the last five years (annualized)

4.47 %

Since inception (annualized)

6.77 %

Performance of previous years

3.1%

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 medium
Investing in equity instruments Maximum 25%
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 Daily
NAV per unit publication time 15:00
Fund's net assets 277289984842
Share nominal value 1 000
NAV per share 1769.3217
The amount of participation of the fund manager 1 199 175 771

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 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

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

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

Deloitte Armenia

Amiryan St. 4/7, 0010 Yerevan, RA

(+374) 10 52 75 20

amdeloitte@deloitte.am

https://www2.deloitte.com/am/am.html

How to choose this fund

Fund performance

Start

End

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Fund performance since inception (as for 1000)

Download the graph

Performance history as of 24.11.2022

Share class

NAV per share

1769.3217

Weekly

0.50 %

Year to date(YTD)

-7.64 %

Last year

3.08 %

Last 12 months

-6.76 %

For the last three years(annualized)

2.47 %

For the last five years (annualized)

4.47 %

Since inception (annualized)

6.77 %

Performance analytics data since inception

Maximum drawdown -11.22%
Worst month 12/2014
Best month 11/2020
Lowest return -5.05%
Highest return 3.69%

Risk analysis data

1 year 4.93%
3 years 5.02%
5 years 4.22%
Inception to date 3.98%

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 2022.05.31	Assets 254,873,240,925	NAV per share 1,818.99
Date 2022.06.30	Assets 248,364,167,801	NAV per share 1,737.84
Date 2022.07.29	Assets 258,499,212,168	NAV per share 1,772.05
Date 2022.08.31	Assets 261,851,530,352	NAV per share 1,760.03
Date 2022.09.30	Assets 261,216,820,435	NAV per share 1,721.86
Date 2022.10.28	Assets 269,028,534,698	NAV per share 1,735.58

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

14.11.2022

Fund Manager comment

In October, we have increased exposure to term deposits (from 16.3% to 18.7%). Decrease of foreign equity exposure (from 17.9% to 16.3%) is driven by market impact.

The weight of Armenian government bonds has decreased from 37.6% to 36.6%.

There were no significant change in the foreign currency structure of the fund.

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 current or future performance and returns.