Performance history as of 24.11.2022

Share class
-
NAV per share
1739.3436
Weekly
0.27 %
Year to date(YTD)
-4.08 %
Last year
1.53 %
Last 12 months
-3.20 %
For the last three years(annualized)
2.70 %
For the last five years (annualized)
4.80 %
Since inception (annualized)
since inception date: 11/03/2014
6.56 %
Performance of previous years
1.5%

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 degree
    risk is associated with exposure to equities
    low
  • Investing in equity instruments 0%
  • Distribution of fund income
    Incomes are reinvested
  • Fund manager Hrayr Aslanyan, Anush Amirjanyan
  • Since inception date 11/03/2014
  • Fund currency AMD
  • NAV calculation frequency
    Daily
  • NAV per unit publication time
    15:00
  • Fund's net assets
    assets minus accrued liabilities
    2526162571.43
  • Share nominal value
    defined by RA Government
    1 000
  • NAV per share
    1739.3436
  • The amount of participation of the fund manager
    as of: 31/08/2022
    47 313 148
  • Entry charge (maximum) 0.00%
  • Exit charge (maximum) 3.00%
  • The amount of management fee including custodian fee 1.00%
  • 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

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.

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
Deloitte Armenia
Amiryan St. 4/7, 0010 Yerevan, RA
(+374) 10 52 75 20
amdeloitte@deloitte.am
https://www2.deloitte.com/am/am.html
How to choose this fund

Fund performance

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

Performance history as of 24.11.2022

Share class
-
NAV per share
1739.3436
Weekly
0.27 %
Year to date(YTD)
-4.08 %
Last year
1.53 %
Last 12 months
-3.20 %
For the last three years(annualized)
2.70 %
For the last five years (annualized)
4.80 %
Since inception (annualized)
6.56 %

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 4.11%
  • 3 years 3.16%
  • 5 years 2.56%
  • Inception to date 3.41%

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
2022.05.31
Assets
2,312,665,439
NAV per share
1,766.03
Date
2022.06.30
Assets
2,288,563,785
NAV per share
1,721.05
Date
2022.07.29
Assets
2,357,344,001
NAV per share
1,740.19
Date
2022.08.31
Assets
2,413,536,746
NAV per share
1,740.30
Date
2022.09.30
Assets
2,438,397,422
NAV per share
1,724.75
Date
2022.10.28
Assets
2,478,473,377
NAV per share
1,722.41

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
14.11.2022
Fund Manager Comment

In October, we have increased exposure to term deposits(from 29.4% to 30.9%).

The change in the weights of the other asset classes of the fund is mainly driven by market impact.

There were no significant change in the foreign currency structure of the fund.

As regards to the fund’s performance, during October it was negative due to the decrease in foreign bonds’ prices.

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

Reports

Funds

Updated 14.11.2022 | 13:32