Performance history as of 14/06/2024

Share Class
-
NOMINAL (INITIAL) VALUE:
1 000 AMD
NAV per share
re-evaluated daily
2122.6937
Weekly
0.35 %
Year to date(YTD)
5.01 %
Last year
14.30 %
Last 12 months
12.38 %
For the last three years(annualized)
3.16 %
For the last five years (annualized)
6.33 %
Since inception (annualized)
since inception date: 11/03/2014
7.61 %
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
    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
    Time, when the NAV is calculated and submitted to the Registrar
    Daily
  • NAV PER UNIT PUBLICATION TIME
    no later than the close of business day
    15:00
  • Fund's net assets
    assets minus accrued liabilities
    469022352000.25
  • Share nominal value
    defined by RA Government
    1 000
  • NAV per share
    re-evaluated daily
    2122.6937
  • The amount of participation of the fund manager
    at least 1% of AUM, if it does not exceed 1 billion AMD
    1 432 356 705
  • 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

Fund performance

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

Performance history as of 14/06/2024

Share Class
-
NAV per share
re-evaluated daily
2122.6937
Weekly
0.35 %
Year to date(YTD)
5.01 %
Last year
14.30 %
Last 12 months
12.38 %
For the last three years(annualized)
3.16 %
For the last five years (annualized)
6.33 %
Since inception (annualized)
7.61 %

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 3.41%
  • 3 years 4.17%
  • 5 years 4.42%
  • Inception to date 3.92%

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
30/11/2023
Assets
383,003,140,799
NAV per share
1,981.17
Date
29/12/2023
Assets
407,143,650,537
NAV per share
2,021.48
Date
31/01/2024
Assets
419,328,550,294
NAV per share
2,034.18
Date
29/02/2024
Assets
436,017,011,679
NAV per share
2,081.68
Date
27/03/2024
Assets
446,615,014,497
NAV per share
2,095.90
Date
30/04/2024
Assets
449,566,030,547
NAV per share
2,073.06

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
31.05.2024
Fund Manager comment

In April the weights of RA government bonds and foreign bonds decreased from 40.4% to 37.7% and from 10.7% to 9.6%, respectively. Consequently, we increased the allocation of deposits from 18.9% to 20%, RA corporate bonds from 4.7% to 5.8%, foreign shares from 21.4% to 21.6%, and foreign money market instruments from 0.2% to 0.6%.

Due to our positive outlook on UK equity markets, we allocated 0.4% of our assets to investments in UK equities.


As a result of inflows, the proportion of foreign currency assets in the fund decreased to 32.8% from the previous month's 34%.

Regarding the fund's performance, it experienced a negative performance for the month, primarily due to the decline in the value of foreign investments. However, local investments made a positive contribution to the overall performance.  

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

Reports

Funds

Updated 31.05.2024 | 13:36