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)
since inception date: 11/03/2014
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
    risk is associated with exposure to equities
    medium
  • 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 periods
    Incomes 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 Registrar
    Daily
  • NAV per unit publication time
    15:00
  • Fund's net assets
    assets minus accrued liabilities
    277289984842
  • Share nominal value
    defined by RA Government
    1 000
  • NAV per share
    1769.3217
  • The amount of participation of the fund manager
    at least 1% of AUM, if it does not exceed 1 billion AMD
    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
    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 funds
    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.

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

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.
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.

Reports

Funds

Updated 14.11.2022 | 13:30