OYAK Asset Management First Fund Basket Fund - OFS
Fund Investment Purpose/Strategy
According to the investment strategy of the Fund, a minimum of 80% of the total fund value is regularly invested in participation shares of investment funds and exchange-traded funds. The goal of the fund’s diversification strategy is to ensure that the investor acquires stake in the gains from the financial markets.
It is essential to ensure asset diversification when managing the fund’s portfolio. Such diversification aims to mitigate the risk through inverse correlation between asset classes, and investments into participation shares of exchange-traded funds and investment funds investing in assets such as foreign exchange and capital market instruments, partnership interests, and debt instruments, and to ensure a balanced distribution, in the long term, of the exchange-traded funds and investment funds in which the fund will invest.
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 |
|---|---|
| OFS | Fund’s threshold value 100% KYD (Turkish Institutional Investment Managers’ Association) 1-Month Benchmark Deposit Index (TRY) |
Rates of Fund Management Fees and Entry / Exit Commissions
| Daily Rate of Fund Management Fee | Applied as 0.00137% (one point thirty seven per hundred thousand) of the Total Fund Value |
| Annual Rate of Fund Management Fee | Around 0.5% (zero point five 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 | 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+2. | ||||
| Trading Places | 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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