Performance history as of 29.09.2022

Share class
-
NAV per share
1743.5121
Weekly
-1.97 %
Year to date(YTD)
-11.25 %
Last year
3.55 %
Last 12 months
-9.39 %
For the last three years(annualized)
2.08 %
For the last five years (annualized)
4.15 %
Since inception (annualized)
since inception date: 11/03/2014
6.71 %
Performance of previous years
3.6%
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 Balanced 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.
How to choose this fund?

Characteristics

  • Legal status Contractual, standard, open-ended investment fund
  • Risk degree
    risk is associated with exposure to equities
    high
  • Investing in equity instruments Maximum 50%
  • 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
    no later than the close of business day
    Daily
  • NAV per unit publication time
    no later than the close of business day
    15:00
  • Fund's net assets
    assets minus accrued liabilities
    3936259986.09
  • Share nominal value
    defined by RA Government
    1 000
  • NAV per share
    1743.5121
  • The amount of participation of the fund manager
    as of 31/08/2022
    51 384 000
  • Entry charge (maximum) 0.00%
  • Exit charge (maximum) 3.00%
  • The amount of management fee including custodian fee 1.30%
  • 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
26/1 Vazgen Sargsyan str., Yerevan 0010, Armenia
(+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

Fund performance

Fund performance since inception (as for 100)
Download the graph

Performance history as of 29.09.2022

Share class
-
NAV per share
1743.5121
Weekly
-1.97 %
Year to date(YTD)
-11.25 %
Last year
3.55 %
Last 12 months
-9.39 %
For the last three years(annualized)
2.08 %
For the last five years (annualized)
4.15 %
Since inception (annualized)
6.71 %

Performance analytics data since inception

  • Maximum drawdown -11.25%
  • Worst month 06/2022
  • Best month 11/2020
  • Lowest return -5.00%
  • Highest return 4.04%

Risk analysis data

  • 1 year 5.22%
  • 3 years 5.18%
  • 5 years 4.34%
  • Inception to date 4.20%

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
2022.03.31
Assets
3,956,905,961
NAV per share
1,934.85
Date
2022.04.29
Assets
3,829,110,654
NAV per share
1,844.95
Date
2022.05.31
Assets
3,909,111,757
NAV per share
1,853.49
Date
2022.06.30
Assets
3,777,361,736
NAV per share
1,760.84
Date
2022.07.29
Assets
3,928,725,106
NAV per share
1,799.63
Date
2022.08.31
Assets
3,959,771,869
NAV per share
1,782.89

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
20.09.2022
Fund Manager's comment

In August, we have increased exposure to term deposits (from 24.7% to 25.6%) and local government bonds(from 31.6% to 32.8%), as well as we have increased exposure to foreign bonds (from 6.9% to 7.5%) by decreasing foreign equity exposure (from 24.7% to 22.1%).

The weight of foreign currency assets in the fund decreased from 34.9% to 33.2% due to the AMD inflows.

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

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

Reports

Funds

Updated 20.09.2022 | 06:37