OYAK Asset Management Second Hedge (Foreign Currency) Fund - ODS
Fund Investment Purpose/Strategy
The fund is in the status of a hedge fund to be sold to qualified investors within the framework of the provisions of the relevant communiqué on sales to qualified investors.
Within the framework of the fund's investment strategy, at least 80% of the fund's total value will be continuously invested in debt instruments and lease certificates issued in foreign currency by the Ministry of Treasury and Finance, and in money and capital market instruments issued in foreign currency by domestic issuers, to provide capital gains and to increase the portfolio value.
Assets and transactions that may be included in the fund portfolio are selected in accordance with the relevant regulations of the Capital Markets Board and the principles set forth in this prospectus, and are managed by the portfolio manager in accordance with the legislation. A maximum of 20% of the fund's total value will be invested in money and capital market instruments of foreign issuers and/or Turkish Lira-denominated money and capital market instruments.
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 |
|---|---|
| ODS | 100% BIST-KYD (Turkish Institutional Investment Managers’ Association) 1-Month Deposit USD Index |
Rates of Fund Management Fees and Entry / Exit Commissions
| Daily Rate of Fund Management Fee | Applied as 0.0022% (two point two per hundred thousand) of the Total Fund Value. |
| Annual Rate of Fund Management Fee | Approximately 0.803% (zero point eight hundred three percent) 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 | 1 | ||||
| Trading Hours | Buying orders placed by 1:00 p.m. are processed into transactions at T+1, while selling orders placed by said time are processed into transactions at T+3. | ||||
| Trading Places | The purchase and sale of participation shares are handled by TEFAS-member fund distribution entities as well as the founder. You can access the member organizations by clicking the link below. http://www.takasbank.com.tr/tr/Sayfalar/TEFAS-Uyeler.aspx The trade name and contact details of organizations that have signed an active marketing and distribution contract with the founder can be found below.
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