OYAK Asset Management Short Term Lease Certificate Participation (TRY) Fund - OTF
Fund Investment Purpose/Strategy
At least 80% of the fund’s portfolio is invested in lease certificates (sukuk) issued by public and private institutions, while up to 20% may consist of participation accounts, promise contracts (wa’d), revenue-sharing certificates, and non-interest-bearing mortgage instruments.
The fund invests in short-term lease certificates in compliance with participation finance principles and is managed to maintain a weighted average maturity of 25 to 90 days.
Investments are limited to Turkish Lira-denominated assets that comply with participation finance principles; foreign currencies, gold, and derivative instruments are excluded from the portfolio.
The fund is suitable for investors with low to medium risk tolerance.
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 |
|---|---|
| OTF | 40% BIST-KYD (Turkish Institutional Investment Managers’ Association) Public Lease Certificates Index 40% BIST-KYD Private Sector Lease Certificates Index 20% BIST-KYD 1-Month Dividend Index (TRY) |
Rates of Fund Management Fees and Entry / Exit Commissions
| Daily Rate of Fund Management Fee | Applied as 0.00509589% (fifty point nine thousand five hundred eighty nine per million) of the Total Fund Value. |
| Annual Rate of Fund Management Fee | Approximately 1.86% (one point eighty six per cent) |
| 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 1:30 p.m. are processed into transactions at T+0. |
| Trading Places | In addition to the founder, the purchase and sale of participation shares are carried out also by OYAK Securities and Türkiye Finans Katılım Bankası A.Ş. Head Offices and branches. |
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.”
