| MtD | 3m | 6m | YtD | 1y | 2021 | 2022 | 2023 | 2024 | Since inception |
|---|---|---|---|---|---|---|---|---|---|
| +1.18% | +1.81% | +2.93% | +1.75% | 0% | 0% | 0% | 0% | +6.31% | +6.23% |
| Total | Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2.30% | 2025 | 0.6% | 1.6% | 0.1% | |||||||||
| 4.40% | 2024 | -0.1% | 0.9% | 0.4% | 0.7% | 1.6% | 1.5% | -0.6% | 0.1% | -0.1% |
The Fund’s assets are mainly invested in sovereign eurobonds of Armenia. Investments in an issuer’s securities of the same class may not exceed 60% of the assets, except when the total amount of the Fund's assets is less than USD 1M.
The Fund increases portfolio assets by borrowing short-term funds at lower rates and investing in high-yield medium to long-term government bonds, magnifying returns on committed capital. Assets are refinanced through repurchase agreements with Armenian commercial banks, leveraging Armenia’s favorable macroeconomic conditions.
Domiciliation
Armenia
Unit currency
USD
Asset currencies
USD
NAV calculation
Daily
Fund Type
Non-public, specialized, unclassified open-ended, contractual
Holding Securities
Armenian Sovereign Eurobonds
Inception date
19-Apr-24
ISIN
AMGLASH01ER1
Investor category
Qualified only
Min. Investment
100K USD
Subsequent Investment, min.
100K USD
Buyback Fee 0 – 1 year
1%
Buyback Fee 1+ years
0%
Management Fee
0.5% of NAV
Performance Fee
5%
Dividend Policy
Reinvesting
Taxes
0.01% of NAV
Asset Management Company
Glocal CJSC
Unit Custodian
Armbrok OJSC
Asset Custodian
IDBank CJSC
Auditor
EY CJSC
Portfolio Net Assets per Share
106.23
Portfolio Total Assets
USD 574,771
Portfolio Net Assets
USD 574,549
Number of Units
5,500
Weighted Average Maturity (y)
3.3
Weighted Average YtM (as of purchase date)
5.20%
5.20%
5.20%
Effective Duration
2.93
Government eurobonds
Sovereign bonds
100%
Armenian Government
100%
Armenia
0—5 years
69%
5—10 years
31%
BB-
100%
Pioneering in Armenian investment fund industry since 2017
Returns higher than bank deposits
Flexibility to sell your units and exit your investment at any time
Tax rate for the fund is 0.01% of NAV. No entry or exit taxes for foreign investors
Our multi-faceted approach uses proprietary models and dynamic risk assessments to predict future events, analyzing repo rates, government bond yields, and borrowing-lending spreads. This ensures we maximize returns while effectively managing risks.
Resident or non-resident of Armenia
Age 18 or older (or parental/guardian consent if under 18)
To open an account as a non-resident of Armenia, you need to:
Provide identification document
Submit tax ID
Complete the application form
You can fund your brokerage account via bank transfer or at a partner bank branch.
Account details for deposits in various currencies are available in the mobile app.
Client Profile > Account
Details for crediting and debiting securities to / from the Broker’s Depository?
You need to submit the appropriate transfer order in one of three ways:
The investment funds offered are managed by Glocal, a registered asset management company. Armbrok acts solely as a sales agent for these funds and does not provide investment advice or manage the funds themselves. All investment decisions, management, and performance of the funds are the sole responsibility of Glocal. Armbrok is not responsible for any losses or gains that may result from investments in these funds.
Investing in mutual funds involves risk, including the potential loss of principal. Past performance is not indicative of future results. Prospective investors should carefully consider the investment objectives, risks, charges, and expenses of the funds before investing. This and other information about the funds is available in the prospectus, which can be obtained from Glocal or Armbrok. Please read the prospectus carefully before investing.