OYAK Asset Management First Debt Instruments Fund - OKT
Fund Investment Purpose/Strategy
At least 80% of the total fund value will be continuously invested in domestic public and private sector debt instruments, and investments will be made mainly in medium and long-term debt instruments. An investment strategy aiming to provide investors with returns above medium-term interest rates will be followed by actively adjusting the maturity of the portfolio according to 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 |
|---|---|
| OKT | 40% KYD (Turkish Institutional Investment Managers’ Association) Public Domestic Debt Instruments Index Medium Term 40% KYD Private Sector Debt Instruments Index Variable 20% KYD O/N Repo Index – Gross |
Rates of Fund Management Fees and Entry / Exit Commissions
| Daily Rate of Fund Management Fee | Applied as 0.00411% (four point eleven per hundred thousand) of the Total Fund Value. |
| Annual Rate of Fund Management Fee | 1.5% (one point five percent) |
| 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 | 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. |
| 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. |
| Buy Orders | The investors’ participation share buying orders given until 1:00 p.m. on the dates when the BIST Bonds and Bills Market is open shall be carried out based on the share price to be found in the first calculation to be made following the giving of the buy order. Orders given after 1:00 p.m. on the dates when the BIST Bonds and Bills Market is open are considered given after the first calculation of the share price, and they are carried out based on the share price to be found in the following calculation. Orders given on the dates when the BIST Bonds and Bills Market is closed are carried out based on the share price to be found in the first calculation. |
| Principles for the Collection of Purchase Amounts | It is essential that the participation share fee requested at the time of placement of the buying order is collected by the Founder. Buy orders may be given based on the number of shares or an amount. When the order is given based on the number of shares, an additional margin of 5% may be applied by the Founder to the last announced sale price when collecting the participation share fees, due to the reason that the price to be applied to the buying transaction cannot be precisely known. In addition, the Founder may accept, as a guarantee, a value equal to the amount found by applying the margin to the last announced price to collect the participation share amounts on the day of the transaction. On the other hand, in the case that the order is given based on an amount, the specified amount will be collected, and the number of shares corresponding to this amount shall be calculated upon the announcement of the fund price. The amount collected in return for the buy order will be subjected to interest for that day on behalf of the investor, and it will be used for buying participation shares within the framework of the principles defined in article 12.1.2. |
| Sell Orders | The investors’ participation share selling orders given until 1:00 p.m. on the dates when the BIST Bonds and Bills Market is open shall be carried out based on the share price to be found in the first calculation to be made following the giving of the sell order. Orders given after 1:00 p.m. on the dates when the BIST Bonds and Bills Market is open are considered given after the first calculation of the price, and they are carried out based on the share price to be found in the following calculation. Orders given on the dates when the BIST Bonds and Bills Market is closed are carried out based on the share price to be found in the first calculation. |
| Principles for the Payment of Sale Amounts | In the event the return orders are given until 1:00 p.m. on the dates when the BIST Bonds and Bills Market is open, the participation share fees will be paid to the investors on the first transaction day following the giving of the order; and in the event the return orders are given after 1:00 p.m. on the dates when the BIST Bonds and Bills Market is open, they will be paid to the investors on the second transaction day following the giving of the order. |
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.”
