OYAK Asset Management Türkiye Finans Katılım Free (FX-Euro) Fund - OFA
Fund Investment Purpose/Strategy
Pursuant to the fund investment strategy, minimum 80% of the total fund value is consistently invested in lease certificates of domestic issuers, issued in Euro (EUR), and lease certificates issued in Euro (EUR) by the Republic of Türkiye Ministry of Treasury and Finance. Fund portfolio may also include promissory transactions, proxy for financial investment (veqalah) and participation accounts to be opened at domestic banks in Euro (EUR), as well as other money and capital market instruments.
Fund portfolio comprises of lease certificates issued domestically, participation accounts, investment fund conforming to the participation principles, stock exchange investment fund, venture capital mutual fund, real estate investment fund and free fund participation shares, gold and other precious metals, promissory transactions (market transactions with commitment), lease certificates issued abroad, subjected to rating, conforming to the Katılım Finans principles, stock exchange investment fund participation shares and partnership interests traded on foreign stock markets conforming to the investment strategy, and other money and capital market instruments found appropriate by the Board and conforming to the Katılım Finans principles.
Fund Documents
Fund Founder / Manager Details
| Founder’s Trade Name | OYAK Asset Management |
| Portfolio Manager’s Trade Name | OYAK Asset Management |
Shareholding Structure of the Founder
| SHAREHOLDER | VALUE OF SHARES | NUMBER OF SHARES | SHARE PERCENTAGE |
|---|---|---|---|
| OYAK Securities | TRY 50,000,000 | 50,000,000 | 100% |
Benchmarking Criteria
| Fund Code | Benchmarking Criteria |
|---|---|
| OFA | BIST - KYD (Turkish Institutional Investment Managers’ Association) 1-Month Profit Share EUR Index |
Rates of Fund Management Fees and Entry / Exit Commissions
| Daily Rate of Fund Management Fee | Applied as 0.00274% (two point seventy four per hundred thousand) of the Total Fund Value. |
| Annual Rate of Fund Management Fee | Around 1% (one per cent) on an annual basis |
| Entry-Exit Commissions | No commission is charged when entering or exiting this fund. |
Trading Information
| Minimum Number of Shares to be Purchased | Buying and selling orders placed by 1:00 p.m. are processed into transactions at T+1. |
| Trading Hours | Buying and selling of the participation shares will be performed by the founder as well as the Institutions that have signed a contract with the founder for brokerage of participation share trading. Trade name and contact details of these institutions are given below. |
| Trading Places | OYAK Securities www.oyakyatirim.com.tr Ayazağa Mahallesi Kemerburgaz Caddesi Vadi İstanbul Park 7B Blok No:7C Kat:18 Sarıyer ISTANBUL 0212 319 12 00 |
| Türkiye Finans Katılım Bankası A.Ş. www.turkiyefinans.com.tr Saray Mahallesi Sokullu Caddesi No: 6 Ümraniye / Istanbul 0216 586 70 00 |
