Eng
Fixed Income Fund(AMFIX)
Risk level
Fund management fee
Fund management fee
Equity
0%
Fixed Income Instruments
100%
Performance history as of 08/09/2025
Share Class
-
NOMINAL (INITIAL) VALUE:
1 000 AMD
NAV per share
re-evaluated daily
2250.9517
Weekly
0.43 %
Year to date(YTD)
6.00 %
Last year
8.08 %
Last 12 months
7.85 %
For the last three years(annualized)
8.96 %
For the last five years (annualized)
5.36 %
Since inception (annualized)
since inception date: 11/03/2014
7.31 %
Performance of previous years
8.08%
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 Fixed income fund is to maximize the total return on assets, by investing only in fixed income instruments at acceptable level of risk. The assets of the Fund can be invested in money market instruments, government and corporate bonds, bank deposits, 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 equitieslow
- Investing in equity instruments 0%
-
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 periodsIncomes are reinvested
- Fund manager Hrayr Aslanyan, Anush Amirjanyan
- Since inception date 11/03/2014
- Fund currency AMD
-
NAV CALCULATION FREQUENCY
the time period when the fund's net asset value is calculated and reported to the RegistrarDaily
-
NAV PER UNIT PUBLICATION TIME
no later than the end of business day: defined by 10/09 Regulation of the Central Bank15:00
-
Fund's net assets
assets minus accrued liabilities6156977135.15
-
Share nominal value
defined by RA Government1 000
-
NAV per share
re-evaluated daily2250.9517
-
The amount of participation of the fund manager
as of: 31/08/202577 101 762
- Entry charge (maximum) 0.00%
- Exit charge (maximum) 3.00%
- The amount of management fee including custodian fee 0.85%
- 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
Redemption price of a unit may be less than the available net asset value per unit (at the time when the application is submitted to CDA) by an amount equal to the fees and expenses stipulated in the fund's rules.
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
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
Fund Administration Agent
CACEIS FA
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
My account of Central Depository of Armenia, if you have ID card and card reader, you need:Connect the identification card reader to the computer and insert your identification card into the deviceEnter the PIN code provided with the identification cardGo to "My Applications" section, select "Request for Mandatory Pension Fund and Pension Fund Manager" application and fill it outAfter completing the application, click the "Save" button and then the "Accept" button.If you have Mobile Identification card (mID), you need:Click the "Verification" buttonClick the "Identification" buttonChoose the "Mobile Identification Card" optionEnter phone numberClick the "Log in" buttonSelect "Confirm" in the window that opens on the mobile phoneEnter the PIN codeTake the necessary actionsThrough CDA Online application (if there is a securities account).Through Converse Mobile application.Through AraratMobile application.Through Account Operators
- Visit one of the following Account Operators, present ID card or passport and public service number (social security card)
Account Operators are:
Tel: (+374 10) 51 45 14 Head Office and BranchesTel: (+374 10) 59 23 23 Head Office and BranchesTel: (+374 10) 51 12 11 Head Office and Branches
Tel: (+374 12) 22 22 22 Head Office and Branches Tel: (+374 10) 59 20 20 Head Office and Branches Tel: (+374 12) 22 22 22 Head Office and Branches
Fund performance
Fund performance since inception (as for 1000)
Performance history as of 08/09/2025
Share Class
-
NAV per share
re-evaluated daily
2250.9517
Weekly
0.43 %
Year to date(YTD)
6.00 %
Last year
8.08 %
Last 12 months
7.85 %
For the last three years(annualized)
8.96 %
For the last five years (annualized)
5.36 %
Since inception (annualized)
7.31 %
Performance analytics data since inception
- Maximum drawdown -12.15%
- Recovery period (days) 414
- Lowest return -9.42%
- Highest return 2.42%
- Worst month 12/2014
- Best month 09/2016
Risk analysis data
- 1 year 1.75%
- 3 years 1.74%
- 5 years 2.48%
- Inception to date 3.08%
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.
Fund structure
Structure by
- Asset classes
- Currency
The movement of assets under management
| Date | Assets | NAV per share |
|---|---|---|
|
Date
28/02/2025
|
Assets
5,179,880,307
|
NAV per share
2,155.69
|
|
Date
31/03/2025
|
Assets
5,506,831,347
|
NAV per share
2,173.13
|
|
Date
30/04/2025
|
Assets
5,655,014,810
|
NAV per share
2,196.16
|
|
Date
30/05/2025
|
Assets
5,753,854,131
|
NAV per share
2,197.13
|
|
Date
30/06/2025
|
Assets
5,899,352,632
|
NAV per share
2,216.66
|
|
Date
31/07/2025
|
Assets
5,982,773,452
|
NAV per share
2,221.22
|
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
Fund Manager Comment
Past performance is not a guarantee or a reliable indicator for current or future performance and returns.
Reports
- 2025
- 2024
- 2023
- 2022
- 2021
- 2020
- 2019
Funds
During July, the fund implemented the following reallocations:
In August, the anticipated weak liquidity in U.S. and European corporate markets, combined with uncertainties stemming from trade tariffs, increase the likelihood of sharp sell-offs, which could trigger negative market reactions. In this environment, we found it prudent to reduce the allocation to corporate bonds in these markets (from 26.8% to 25.6%).
Regarding Armenian investments, we increased the share of Armenian government bonds from 30.7% to 31.2%, particularly in the long end of the yield curve, as we anticipated some upward movement in government bond prices.
In addition, we raised the allocation to term deposits, bringing it to 21.8% compared to 20.5% in the previous month.
Cash inflows and movements in the foreign exchange market led to a decrease in the share of the fund’s FX-denominated assets, from 28.8% to 28%.
As for performance, the fund delivered a monthly return of 0.2%. Positive contributions came from local investments and U.S. and European corporate bonds, while government bonds of these countries had a negative impact on performance.