Performance history as of 11/12/2024

Share Class
-
NOMINAL (INITIAL) VALUE:
1 000 AMD
NAV per share
re-evaluated daily
2118.5978
Weekly
-0.30 %
Year to date(YTD)
7.83 %
Last year
12.30 %
Last 12 months
8.97 %
For the last three years(annualized)
5.12 %
For the last five years (annualized)
5.52 %
Since inception (annualized)
since inception date: 11/03/2014
7.23 %
Performance of previous years
12.30%

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 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 equities
    low
  • 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 periods
    Incomes 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 Registrar
    Daily
  • NAV PER UNIT PUBLICATION TIME
    no later than the end of business day: defined by 10/09 Regulation of the Central Bank
    15:00
  • Fund's net assets
    assets minus accrued liabilities
    4930303082.23
  • Share nominal value
    defined by RA Government
    1 000
  • NAV per share
    re-evaluated daily
    2118.5978
  • The amount of participation of the fund manager
    as of: 31/10/2024
    57 448 542
  • 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
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 11/12/2024

Share Class
-
NAV per share
re-evaluated daily
2118.5978
Weekly
-0.30 %
Year to date(YTD)
7.83 %
Last year
12.30 %
Last 12 months
8.97 %
For the last three years(annualized)
5.12 %
For the last five years (annualized)
5.52 %
Since inception (annualized)
7.23 %

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 1.56%
  • 3 years 2.84%
  • 5 years 2.68%
  • Inception to date 3.15%

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
31/05/2024
Assets
4,333,572,893
NAV per share
2,028.74
Date
28/06/2024
Assets
4,435,424,246
NAV per share
2,040.39
Date
31/07/2024
Assets
4,561,857,838
NAV per share
2,061.94
Date
30/08/2024
Assets
4,684,821,457
NAV per share
2,081.18
Date
30/09/2024
Assets
4,750,645,283
NAV per share
2,098.10
Date
30/10/2024
Assets
4,851,297,351
NAV per share
2,091.38

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

Download the structure PDF
Anush Amirjanyan
29.11.2024
Fund Manager Comment

In October, we increased the weight of term deposits in the fund from 16.4% to 18.2%. The fluctuations in the allocations of other asset classes are primarily influenced by incoming cash flows and market impact.


The decrease in the weight of foreign currency assets in the fund, from 30.1% to 28.8%, was driven by cash inflows and the depreciation of the U.S. dollar, euro, and British pound against the Armenian dram. 


The fund’s performance for the month was negative, affected by the decline in the value of foreign investments as well as the depreciation of the euro and British pound against the Armenian dram.  


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

Reports

Funds

Updated 29.11.2024 | 15:36