OYAK Asset Management First Short-Term Debt Instruments (TRY) Fund - OKP
Fund Investment Purpose/Strategy
Assets that comply with the regulations of the Capital Markets Board, the Umbrella Fund's bylaws, and fund’s prospectus are selected for the fund portfolio. Capital market instruments which are less risky and which are easily convertible into cash are preferred when selecting capital market instruments in which an investment will be made in accordance with the investment strategy of the Fund.
At least 80% of the fund's total value is continuously invested in TRY-denominated public and private sector debt instruments, and the monthly weighted average maturity of the fund portfolio is between a minimum of 25 and a maximum of 90 days. An issuer's money and capital market instruments may not account for more than 10% of the total value of the fund.
Derivative instruments may be included in the fund portfolio for hedging and/or investment purposes.
The rules specified in the prospectus are followed for contracts signed outside the stock market.
The fund portfolio may not contain assets for which the number of days till maturity cannot be determined.
The main investment strategy of the fund is to provide absolute return in Turkish Lira. Only TRY-denominated assets and transactions will be included in the fund portfolio. Foreign currency assets, and gold and other precious metals and capital market instruments traded on organized markets based on them and/or over-the-counter derivative instruments will not be included 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 |
|---|---|
| OKP | 45% BIST-KYD (Turkish Institutional Investment Managers’ Association) DİBS (Government Debt Securities) 91-Day Index 45% BIST-KYD ÖSBA (Private Sector Debt Instruments) Fixed Index 10% BIST-KYD Repo (Gross) Index |
Rates of Fund Management Fees and Entry / Exit Commissions
| Daily Rate of Fund Management Fee | Applied as 0.00383% (three point eighty three per hundred thousand) of the Total Fund Value. |
| Annual Rate of Fund Management Fee | Approximately 1.40% (one point forty 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 between 8:30 a.m and 1:00 p.m. are processed into transactions at T+0. 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 | ||||
| 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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