OYAK Asset Management Gold Participation Fund - OGD - OGD
Fund Investment Purpose/Strategy
The fund's investment strategy is to continuously invest at least 80% of the fund's total value in gold and gold-based money and capital market instruments traded on the stock market. In addition to gold and gold-based money and capital market instruments, partnership shares, participation accounts, undertakings, public and/or private sector lease certificates, and other non-interest-based money and capital market instruments deemed appropriate by the Board, may also be included in the fund portfolio. The principles outlined in the Communiqué and the pertinent Board regulations are followed while making transactions in the fund portfolio, whether they take place on the stock market or outside of the stock market. Same-day and/or forward-day transactions may be included in the lease certificate transactions to be made in the fund portfolio.
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 |
|---|---|
| OGD | 90% BIST- KYD (Turkish Institutional Investment Managers’ Association) Gold Price Weighted Average Index 10% BIST- KYD One-Month Dividend (TRY) Index |
Rates of Fund Management Fees and Entry / Exit Commissions
| Daily Rate of Fund Management Fee | Applied as 0.0048% (forty eight per hundred thousand) of the Total Fund Value. |
| Annual Rate of Fund Management Fee | Approximately 1.752% (one point seven hundred fifty two 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 and selling orders placed by 1:00 p.m. are processed into transactions at T+1. | ||||||
| Trading Places | Participation shares may be purchased and sold through the Founder, and also through institutions that have active marketing and distribution agreements with the Founder and through organizations that distribute funds and are TEFAS members. 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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