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 23/02/2026
Share Class
-
NOMINAL (INITIAL) VALUE:
1 000 AMD
NAV per share
re-evaluated daily
2393.8679
Weekly
0.00 %
Year to date(YTD)
2.41 %
Last year
10.07 %
Last 12 months
11.27 %
For the last three years(annualized)
10.41 %
For the last five years (annualized)
5.89 %
Since inception (annualized)
since inception date: 11/03/2014
7.57 %
Performance of previous years
10.07%
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 level
risk is associated with exposure to equitieslow
- Investing in equity instruments 0%
-
Distribution of fund income
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
- 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 Bank of Armenia15:00
-
Fund's net assets
assets minus accrued liabilities7087102520.05
-
Share nominal value
defined by RA Government1 000
-
NAV per share
re-evaluated daily2393.8679
-
The amount of participation of the fund manager
as of: 31/01/202681 261 087
- 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, the maximum annual fee for an external audit cannot exceed AMD 17 million.119 859,9 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 23/02/2026
Share Class
-
NAV per share
re-evaluated daily
2393.8679
Weekly
0.00 %
Year to date(YTD)
2.41 %
Last year
10.07 %
Last 12 months
11.27 %
For the last three years(annualized)
10.41 %
For the last five years (annualized)
5.89 %
Since inception (annualized)
7.57 %
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 1.19%
- 3 years 1.55%
- 5 years 2.47%
- Inception to date 3.02%
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
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
|
|
Date
28/11/2025
|
Assets
6,637,861,608
|
NAV per share
2,316.18
|
|
Date
30/12/2025
|
Assets
6,788,048,784
|
NAV per share
2,337.49
|
|
Date
30/01/2026
|
Assets
6,971,773,972
|
NAV per share
2,362.21
|
Global distribution
- By region
- By country
- By sector
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 17.02.2026 | 10:30
In January, global markets showed positive momentum, supported by more favorable-than-expected macroeconomic data. Risk assets generally recorded gains.
U.S. equity prices increased, although the pace of gains was relatively subdued amid weakness in the technology sector. European equity markets—particularly in Southern European countries—delivered stronger results. U.K. and Japanese equities also posted positive performance. Emerging markets had a particularly successful month, driven by gains in Latin America and a weakening U.S. dollar.
In U.S. and U.K. government bond markets, yields rose slightly, while in the euro area they declined somewhat amid expectations of potential ECB easing.
In Japan, yields increased against the backdrop of more hawkish Central Bank rhetoric. Overall, developed-market sovereign bonds delivered mixed results.
Within corporate bonds, European assets registered higher yields than U.S. bonds.
In January, yields along the Armenian government bond curve declined for maturities longer than one year. This was supported by:
In the FX market, the U.S. dollar depreciated by 0.7% against the Armenian dram (AMD), while the euro and the British pound appreciated by 0.5% and 1.0%, respectively.
The change in the Fund’s share of foreign-currency assets was driven by cash inflows.
Within local investments, we increased the weight of deposits from 26.8% to 27.4%.
The Fund returned 1.1% in January, supported by both local and foreign investments.