{"id":702,"date":"2013-02-14T14:54:53","date_gmt":"2013-02-14T10:54:53","guid":{"rendered":"http:\/\/capitalfunds.am\/?page_id=702"},"modified":"2013-12-02T11:10:31","modified_gmt":"2013-12-02T07:10:31","slug":"pension-fund-management","status":"publish","type":"page","link":"https:\/\/capitalfunds.am\/en\/services-2\/services\/pension-fund-management\/","title":{"rendered":"Pension Funds Management"},"content":{"rendered":"\"Services
 <\/div>
CAMavor 1<\/div>
fixed-income<\/div><\/div>
 <\/div>
CAMavor 2<\/div>
conservative<\/div><\/div><\/div>
\n\t\t\t\t
<\/div>\n\t\t\t\tDownlaod<\/a>\n\t\t\t\t
\n\t\t\t\t\t

Fund overview<\/h2>\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t\t
<\/div>\n\t\t\t\t
<\/div>\n\t\t\t\t

CAMavor 1 pension fund was registered in CBA on 30.04.2013.<\/p>\r\n

Fund Objective<\/b><\/span><\/p>\r\n

The main objective of the Fund is to provide Participants with a funded pension by securing the long-term asset growth of the fund.<\/p>\r\n

The Custodian and Participants' Registrar of the Fund<\/b><\/span><\/p>\r\n

The Custodian of the Fund is \u201cVTB-Armenia Bank\u201d CJSC (46 Nalbandyan st., Yerevan, RA, www.vtb.am<\/a>).<\/p>\r\n

The Registrar of the Fund is the Manager Company \u201cCapital Asset Management\u201d CJSC.<\/p>\r\n

Fund Type<\/b><\/span><\/p>\r\n

The fund is an open-ended, contractual, standard fund.<\/p>\r\n

Strategy<\/b><\/span><\/p>\r\n

Fund assets may be invested in fixed-income securities including bonds issued by governments, corporations and municipalities as well as in equity securities up to 25% of fund assets. Fund investments may also include bank deposits up to 20% of fund assets, investment fund units up to 25% of fund assets, derivative instruments only for hedging purposes. Fund investments may also include foreign securities up to 50% of fund assets and foreign currency-denominated securities up to 50% of fund assets.<\/p>\r\n

Risk <\/b><\/span><\/p>\r\n

Fixed income securities contain interest rate risk (as interest rates rise bond prices usually fall) as well as issuer default risk and inflation risk. Though equity markets have historically provided higher returns, they are more volatile which create additional market risk. In addition to market risk, investments in securities are subject to operational, legal, political and liquidity risk. Investments in foreign currency-denominated securities are subject to foreign currency risk. To minimize the exposure to these risks, the fund employs a proactive risk management system. Moreover, the fund is subject to investment concentration limitations according to which the fund may not invest large portions (as defined by law and fund rules) of fund assets in securities of a single government or company, deposits of a single bank.:<\/p>\r\n

Participation of the Manager in the Fund<\/b><\/span><\/p>\r\n

6.566 % (as of 31.03.2026)<\/p>\r\n \r\n

Structue of CAMavor 1 pension fund portfolio<\/span><\/span><\/strong><\/a><\/p>\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n
Structure of portfolio by geographic and sector allocation*<\/span><\/strong><\/td>\r\n<\/tr>\r\n
<\/td>\r\n<\/td>\r\n<\/td>\r\n<\/td>\r\n<\/tr>\r\n
<\/td>\r\nRA<\/strong><\/span><\/td>\r\nEU<\/strong><\/span><\/td>\r\nRF<\/strong><\/span><\/td>\r\nTotal<\/strong><\/span><\/td>\r\n<\/tr>\r\n
Governmental Sector<\/span><\/strong><\/td>\r\n13.046 %<\/td>\r\n0 %<\/td>\r\n0 %<\/td>\r\n13.046 %<\/td>\r\n<\/tr>\r\n
\u00a0Non\u00a0Governmental<\/strong><\/strong>\u00a0Sector<\/span><\/strong><\/td>\r\n76.818 %<\/td>\r\n0 %<\/td>\r\n0 %<\/td>\r\n76.818 %<\/td>\r\n<\/tr>\r\n
Financial Sector<\/strong><\/span><\/td>\r\n10.136 %<\/td>\r\n0 %<\/td>\r\n0 %<\/td>\r\n10.136 %<\/td>\r\n<\/tr>\r\n
Total<\/span><\/strong><\/td>\r\n100 %<\/td>\r\n0 %<\/td>\r\n0 %<\/td>\r\n\u00a0100\u00a0 %<\/td>\r\n<\/tr>\r\n
\u00a0\u00a0\u00a0<\/strong> * as of 31.03.2026<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n \r\n

CAMavor 1 pension fund's fees <\/span><\/span><\/strong><\/a><\/p>\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n
CAMavor 1<\/span><\/strong><\/td>\r\n<\/tr>\r\n
<\/td>\r\n<\/tr>\r\n
Management Fee<\/td>\r\n1.8%<\/td>\r\n<\/tr>\r\n
Issue Fee<\/td>\r\n0 %<\/td>\r\n<\/tr>\r\n
Redemption Fee<\/td>\r\n0 %*<\/td>\r\n<\/tr>\r\n
Custodian Fee<\/td>\r\n0.15 %<\/td>\r\n<\/tr>\r\n
Expenses related to Commission and Fees<\/td>\r\nBased on size and type of transaction<\/td>\r\n<\/tr>\r\n
\u00a0\u00a0\u00a0 *As in cases set forth by Law, when redeeming fund units before retirement age, a redemption fee of 1% will be charged from units owned by the participant. \u00a0<\/span><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n

Financial Statements<\/a><\/span><\/p><\/div>\n\t\t\t\t\n\t\t\t\t

\n\t\t\t\t\tManagement results<\/a>\n\t\t\t\t\tFund comparision<\/a>\n\t\t\t\t\tAction guide<\/a>\n\t\t\t\t\tFund rules<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t
<\/div>\n\t\t\t\t
\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>
\n\t\t\t\t
<\/div>\n\t\t\t\tDownlaod<\/a>\n\t\t\t\t
\n\t\t\t\t\t

Fund overview<\/h2>\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t\t
<\/div>\n\t\t\t\t
<\/div>\n\t\t\t\t

CAMavor 2 pension fund was registered in CBA on 30.04.2013.<\/p>\r\n

Fund Objective<\/b><\/span><\/p>\r\n

The main objective of the Fund is to provide Participants with a funded pension by securing the long-term asset growth of the fund.<\/p>\r\n

The Custodian and Participants' Registrar of the Fund<\/b><\/span><\/p>\r\n

The Custodian of the Fund is \u201cVTB-Armenia Bank\u201d CJSC (46 Nalbandyan st., Yerevan, RA, www.vtb.am<\/a>).<\/p>\r\n

The Registrar of the Fund is the Manager Company \u201cCapital Asset Management\u201d CJSC.<\/p>\r\n

Fund Type<\/b><\/span><\/p>\r\n

The fund is an open-ended, contractual, standard fund.<\/p>\r\n

Strategy<\/b><\/span><\/p>\r\n

Fund assets may be invested in fixed-income securities including bonds issued by governments, corporations and municipalities as well as in equity securities up to 25% of fund assets. Fund investments may also include bank deposits up to 20% of fund assets, investment fund units up to 25% of fund assets, derivative instruments only for hedging purposes. Fund investments may also include foreign securities up to 50% of fund assets and foreign currency-denominated securities up to 50% of fund assets.<\/p>\r\n

Risk <\/b><\/span><\/p>\r\n

Fixed income securities contain interest rate risk (as interest rates rise bond prices usually fall) as well as issuer default risk and inflation risk. Though equity markets have historically provided higher returns, they are more volatile which create additional market risk. In addition to market risk, investments in securities are subject to operational, legal, political and liquidity risk. Investments in foreign currency-denominated securities are subject to foreign currency risk. To minimize the exposure to these risks, the fund employs a proactive risk management system. Moreover, the fund is subject to investment concentration limitations according to which the fund may not invest large portions (as defined by law and fund rules) of fund assets in securities of a single government or company, deposits of a single bank.:<\/p>\r\n

\u00a0Participation of the Manager in the Fund<\/b><\/span><\/p>\r\n

3.037 % (as of 31.03.2026)<\/p>\r\n \r\n

Structue of CAMavor 2 pension fund portfolio<\/span><\/span><\/strong><\/a><\/p>\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n
Structure of portfolio by geographic and sector allocation*<\/span><\/strong><\/td>\r\n<\/tr>\r\n
<\/td>\r\n<\/td>\r\n<\/td>\r\n<\/td>\r\n<\/tr>\r\n
<\/td>\r\nRA<\/strong><\/span><\/td>\r\nEU<\/strong><\/span><\/td>\r\nRF<\/strong><\/span><\/td>\r\nTotal<\/strong><\/span><\/td>\r\n<\/tr>\r\n
Governmental Sector<\/span><\/strong><\/td>\r\n38.776 %<\/td>\r\n0 %<\/td>\r\n0 %<\/td>\r\n38.776 %<\/td>\r\n<\/tr>\r\n
Non\u00a0Governmental<\/strong><\/strong>\u00a0Sector<\/span><\/strong><\/td>\r\n58.843 %<\/td>\r\n0 %<\/td>\r\n0 %<\/td>\r\n58.843 %<\/td>\r\n<\/tr>\r\n
Financial Sector<\/span><\/strong><\/td>\r\n2.381 %<\/td>\r\n0 %<\/td>\r\n0 %<\/td>\r\n2.381 %<\/td>\r\n<\/tr>\r\n
Total<\/span><\/strong><\/td>\r\n100 %<\/td>\r\n0 %<\/td>\r\n0 %<\/td>\r\n100 %<\/td>\r\n<\/tr>\r\n
\u00a0\u00a0\u00a0<\/strong> * as of 31.03.2026<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n \r\n

CAMavor 2 pension fund's fees <\/span><\/span><\/strong><\/a><\/p>\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n
CAMavor 2<\/span><\/td>\r\n<\/tr>\r\n
<\/td>\r\n<\/tr>\r\n
Management Fee<\/td>\r\n2.0%<\/td>\r\n<\/tr>\r\n
Issue Fee<\/td>\r\n0 %<\/td>\r\n<\/tr>\r\n
Redemption Fee<\/td>\r\n0 %*<\/td>\r\n<\/tr>\r\n
Custodian Fee<\/td>\r\n0.15 %<\/td>\r\n<\/tr>\r\n
Expenses related to Commission and Fees<\/td>\r\nBased on size and type of transaction<\/td>\r\n<\/tr>\r\n
\u00a0\u00a0\u00a0 *As in cases set forth by Law, when redeeming fund units before retirement age, a redemption fee of 1% will be charged from units owned by the participant. \u00a0<\/span><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n

Financial Statements<\/a><\/span><\/p><\/div>\n\t\t\t\t\n\t\t\t\t

\n\t\t\t\t\tManagement results<\/a>\n\t\t\t\t\tFund comparision<\/a>\n\t\t\t\t\tAction guide<\/a>\n\t\t\t\t\tFund rules<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t
<\/div>\n\t\t\t\t
\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":400,"menu_order":61,"comment_status":"open","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-702","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/capitalfunds.am\/en\/wp-json\/wp\/v2\/pages\/702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/capitalfunds.am\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/capitalfunds.am\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/capitalfunds.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/capitalfunds.am\/en\/wp-json\/wp\/v2\/comments?post=702"}],"version-history":[{"count":11,"href":"https:\/\/capitalfunds.am\/en\/wp-json\/wp\/v2\/pages\/702\/revisions"}],"predecessor-version":[{"id":1174,"href":"https:\/\/capitalfunds.am\/en\/wp-json\/wp\/v2\/pages\/702\/revisions\/1174"}],"up":[{"embeddable":true,"href":"https:\/\/capitalfunds.am\/en\/wp-json\/wp\/v2\/pages\/400"}],"wp:attachment":[{"href":"https:\/\/capitalfunds.am\/en\/wp-json\/wp\/v2\/media?parent=702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}