OYAK Asset Management Second Variable Fund – OBP - OBP
Fund Investment Purpose/Strategy
By primarily investing in fixed-income securities denominated in TRY, the fund seeks to obtain stable and high returns. While the fund, which has a flexible portfolio structure, actively invests in reverse repo and bond-bill markets, it aims to increase its return with stock investments according to changing market conditions.
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 | TL 10,000,000 | 10,000,000 | 100% |
Benchmarking Criteria
| Fund Code | Benchmarking Criteria |
|---|---|
| OBP | 100% BIST-KYD (Turkish Institutional Investment Managers’ Association) DİBS (Government Debt Securities) Medium Term Index |
Rates of Fund Management Fees and Entry / Exit Commissions
| Daily Rate of Fund Management Fee | Applied as 1.70% (one point seven percent) of the Total Fund Value. |
| Annual Rate of Fund Management Fee | 0.00465% |
| Entry-Exit Commissions | No commission is charged when entering or exiting this fund. |
Trading Information
| Minimum Number of Shares to be Purchased | 1 |
| Trading Hours | Buying and selling orders placed by 1:00 p.m. are processed into transactions at T+1. |
| General Principles | In the participation share purchase or in its return to the fund, the trading orders are given by applying to the locations where the participation shares will be purchased and sold, which will be announced by the Founder in the prospectus. Aside from that, trading orders may also be given via telephone and internet banking services of the Founder or the Intermediary Institutions with whom the Founder has signed a fund participation share purchase/sale intermediary agreement. Consecutive queue numbers (that are separate for purchase and sale orders) are given for all orders received for participation share purchases and sales, including the transactions to be carried out by the Founder in its own name, and the transactions are carried out in the order of these numbers. |
| Trading Places | Purchases can be made through TEFAS Trading platform from any bank or brokerage house, OYAK Securities General Directorate, its Branches, the Virtual Branch, or by calling the Call Center at 0850 222 0 414. |
The Warning Notice issued as per the “Communiqué on Principles Regarding Investment Services and Activities and Ancillary Services”, by the Capital Markets Board: “The information, opinions, and suggestions on investment contained herein do not fall under the purview of investment consulting. The risk and return preferences of each client are taken into consideration by authorized institutions that offer personalized investment consulting services. The comments and recommendations contained herein, on the other hand, are of a general nature. These suggestions might not be appropriate for your financial position and your preferred level of risk and return. Therefore, making an investment decision based solely on the information contained herein may not yield results that meet your expectations.”
