FUNDS

GLOCAL HIGH GRADE EUROBONDS FUND Objective

Glocal High Grade Eurobonds fund aims to deliver low-risk capital growth opportunities arising from investments into USD-denominated eurobonds of issuers with the highest credit quality, both sovereign and corporate. The portfolio manager aims to minimize duration and credit risks, while maintaining a balanced and diversified exposure to instruments offering reasonable yields surpassing those offered by US Treasure bonds and bills.

The fund operates under a favorable tax legislation governing the investment and asset management activity in Armenia.

NAV as of 19 Dec 2024 USD 102.97

Fund’s Net Asset Value (NAV) per unit in US dollars, net of management fee, tax and transaction costs. The NAV per share is the difference between fund’s total assets and liabilities divided by number of outstanding units.

Fund performance chart

Performance

MTD	YTD	3 months	Since Inception*	Inception Annualized
-0.02%	2.97%	-0.50%	2.97%	4.46%

*Effective cumulative performance since inception – 19 April 2024

YEAR

JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

2024

-0.1%

0.5%

0.9%

0.8%

-0.8%

0.2%

Published issue (buyback) price applies to the unit purchase (buyback) requests submitted on the previous day.

The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your units.

Fund facts

ISIN AMGLHGH01ER1 Type of fund Non-public, specialized, open-ended, contractual Launch date 19 April 2024 Domiciliation Armenia Base currency USD Holding securities Government & Corporate Eurobonds & Bonds (Moody’s, S&P, or Fitch rating equal to or higher than Ba1/BB+/BB+), US Treasury& ETFs NAV calculation Daily Distribution policy Reinvesting Management fee 1% on NAV Performance fee 10% Tax rate 0.01% of NAV Unit custodian Armbrok Investment Company Initial investment, min. USD 100,000 Number of participants, max. 49 Number of units 10,000 Portfolio net assets USD 1,029,744 Total assets USD 1,030,351

How it works

The fund’s strategy is aimed at delivering yields 50-100 bp above UST while maintaining very low credit risk exposure. The fund can be used as a conservative investment with minimal volatility regardless of market conditions.

Approach

The portfolio is mostly comprised of short duration fixed income instruments of strong investment grade issuer, which may include sovereign and corporate bonds, as well as bonds issued by supranational financial institutions.

Please read the below terms and conditions carefully.

“GLOCAL” closed joint stock company is an asset management company established under the laws of the Republic of Armenia and the funds managed by the company registered with the Central Bank of Armenia.
By choosing to enter this website, you agree to the terms and conditions below. We strongly recommend that you read them carefully. If you do not agree to these terms and conditions, please do not visit this site or any of its pages.

The funds managed by “GLOCAL” cjsc are not offered through the website. The data, views and forecasts presented in this website are for reference only and provide a general outline of the company’s activities; the information shall not be regarded as an offer, solicitation or recommendation for an investment. The website does not provide all information material for an investor’s decision to invest in any such fund, including, but not limited to, risk factors.

The information on the website is not intended as and does not constitute investment advice or legal or tax advice or an offer to sell any securities to any person or a solicitation of any person of any offer to purchase any securities. The information on the website should not be construed as any endorsement, recommendation or sponsorship of any company or security by “GLOCAL” cjsc. You agree that “GLOCAL” cjsc is not liable for any action you take or decision you make in reliance on any information on the website.

Your access to this site is subject to compliance with the legislation in force in the Republic of Armenia. Investors shall be solely responsible for complying with laws and regulations in force in their country of citizenship and/or residency and for seeking advice from their legal counsel and/or financial advisor prior to making any investment decision.

Past performance is no guarantee of future results. All investments involve risks, including the risk of possible loss of principal. The market value of a Fund’s portfolio may decline as a result of a number of factors, including adverse economic and market conditions, prospects of securities in the portfolio, changing interest rates and real or perceived adverse competitive industry conditions.