Performance history as of 30/03/2023

Share class
-
NAV per share
1822.2216
Weekly
0.66 %
Year to date(YTD)
3.03 %
Last year
-7.67 %
Last 12 months
-3.93 %
For the last three years(annualized)
3.19 %
For the last five years (annualized)
4.57 %
Since inception (annualized)
since inception date: 11/03/2014
6.85 %
Performance of previous years
-7.67%
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
    312769069153.31
  • Share nominal value
    defined by RA Government
    1 000
  • NAV per share
    1822.2216
  • The amount of participation of the fund manager
    at least 1% of AUM, if it does not exceed 1 billion AMD
    1 244 726 911
  • 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
Ernst & Young
1 Northern Ave., office 307, Yerevan 0001, Armenia
(+374) 10 50 07 90
yerevan@am.ey.com
https://www.ey.com/en_am
How to choose this fund

Fund performance

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

Performance history as of 30/03/2023

Share class
-
NAV per share
1822.2216
Weekly
0.66 %
Year to date(YTD)
3.03 %
Last year
-7.67 %
Last 12 months
-3.93 %
For the last three years(annualized)
3.19 %
For the last five years (annualized)
4.57 %
Since inception (annualized)
6.85 %

Performance analytics data since inception

  • Maximum drawdown -11.29%
  • Worst month 12/2014
  • Best month 11/2020
  • Lowest return -5.05%
  • Highest return 3.69%

Risk analysis data

  • 1 year 5.27%
  • 3 years 5.05%
  • 5 years 4.29%
  • Inception to date 3.99%

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
30/09/2022
Assets
261,216,820,435
NAV per share
1,721.86
Date
28/10/2022
Assets
269,028,534,698
NAV per share
1,735.58
Date
30/11/2022
Assets
278,073,005,366
NAV per share
1,774.40
Date
30/12/2022
Assets
285,180,562,268
NAV per share
1,768.65
Date
31/01/2023
Assets
298,707,058,034
NAV per share
1,810.05
Date
28/02/2023
Assets
302,845,207,005
NAV per share
1,801.51

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
30.03.2023
Fund Manager comment

In February, we increased the weight of RA government bonds (from 36.3% to 40%) at the expense of cash (from 7.7% to 5.9%). The decrease of foreign equity exposure from 17.8% to 16.7% is due to the market impact.

The foreign currency exposure decreased from 30.7% to 29.1% due to the cash inflow and appreciation of AMD against USD and EUR. 

As regards the fund’s performance, during February it was negative due to the decrease in the prices of foreign securities. 

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

Reports

Funds

Updated 30.03.2023 | 12:44