Eng
Fixed Income Fund(AMFIX)
Risk level low
Fund management fee 0,85%*
Fund management fee 0,85%*
Equity
0%
Fixed Income Instruments
100%
*Including custodian and registrar fees
Performance history as of 04/12/2025
Share Class
-
NOMINAL (INITIAL) VALUE:
1 000 AMD
NAV per share
re-evaluated daily
2319.1392
Weekly
0.17 %
Year to date(YTD)
9.21 %
Last year
8.08 %
Last 12 months
9.14 %
For the last three years(annualized)
9.88 %
For the last five years (annualized)
5.46 %
Since inception (annualized)
since inception date: 11/03/2014
7.43 %
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 liabilities6645703713.9
-
Share nominal value
defined by RA Government1 000
-
NAV per share
re-evaluated daily2319.1392
-
The amount of participation of the fund manager
as of: 30/11/202579 677 661
- Entry charge (maximum) 0.00%
- Exit charge (maximum) 3.00%
- The amount of management fee including custodian fee 0.85% per annum
- Performance fees No
- Guarantee fund fee 0.02% per annum
-
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
According to Armenian legislation maximum amount of annual fee for external audit cannot exceed 17 Mio AMD. Audit fee defined by the Audit agreement 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.13,240,000 AMD included VAT
- 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.
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
KPMG Armenia
Erebuni Plaza Business Center, 8-th floor, 26/1 Vazgen Sargsyan Street, Yerevan 0010, Armenia
(+374) 10 59 59 99
general@kpmg.co.am
https://kpmg.com/am/en/home.html
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
Tel: (+374 10) 51 45 14 Head Office and Branches
Tel: (+374 10) 59 23 23 Head Office and Branches
Tel: (+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 The account operator is an intermediary organization between the registrar of participants, the Central Depository of Armenia, and participants of the funded pension system.Changing the pension fund manager is free of charge once a year. In case of further changes during the year, a redemption fee (1%) is charged. Details are provided in the fund rules.
- 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 Branches
Tel: (+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 The account operator is an intermediary organization between the registrar of participants, the Central Depository of Armenia, and participants of the funded pension system.Changing the pension fund manager is free of charge once a year. In case of further changes during the year, a redemption fee (1%) is charged. Details are provided in the fund rules.
Fund performance
Fund performance since inception (as for 1000)
Performance history as of 04/12/2025
Share Class
-
NAV per share
re-evaluated daily
2319.1392
Weekly
0.17 %
Year to date(YTD)
9.21 %
Last year
8.08 %
Last 12 months
9.14 %
For the last three years(annualized)
9.88 %
For the last five years (annualized)
5.46 %
Since inception (annualized)
7.43 %
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 1.65%
- 3 years 1.60%
- 5 years 2.49%
- Inception to date 3.05%
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
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
|
|
Date
29/08/2025
|
Assets
6,131,522,240
|
NAV per share
2,241.30
|
|
Date
30/09/2025
|
Assets
6,282,135,732
|
NAV per share
2,266.07
|
|
Date
31/10/2025
|
Assets
6,439,670,595
|
NAV per share
2,289.64
|
Global distribution
- By regions
- By countries
- By sectors
The exposures are calculated based on underlying assets
The exposures are calculated based on underlying assets
The exposures are calculated based on underlying assets
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
The exposures are calculated based on underlying assets
The exposures are calculated based on underlying assets
Distribution of government bonds by countries
The exposures are calculated based on underlying assets
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
Updated 31.10.2025 | 08:17
October was generally a positive month for global financial markets, driven by easing US–China tensions, lower inflation readings in the US, and broadly resilient corporate earnings. Equity and government bond prices rose as investors priced in a lower risk of trade escalation and incorporated improving macro data.
Looking in more detail at equity markets, both global developed markets and emerging markets recorded positive returns.
US government bonds advanced despite a more hawkish than expected tone from the Federal Reserve toward month end, corporate bonds also posted positive results.
During the month, we increased the exposure to deposits (from 20.9% to 22.7%) and foreign money market funds (from 0.9% to 4.1%).
There were no material changes to the fund’s currency composition.
The fund’s return for October was 1.0%. Both local and foreign investments contributed to the positive return.