OYAK Asset Management Short Term Lease Certificate Participation (TRY) Fund - OTF
Fund Investment Purpose/Strategy
The Fund is a “Participation Fund” and compliance with short-term principles will be taken as a basis in portfolio management. Since the fund is a short-term lease certificate participation fund, at least 80% of the fund portfolio is continuously invested in public and private sector lease certificates, and, taking into account the benchmarking criterion, a maximum of 20% thereof is invested in TRY participation accounts, undertakings, Revenue Partnership Notes, interest-free mortgages and asset-backed securities, ensuring that the fund portfolio has a monthly weighted average maturity of 25-90 days.
Assets and transactions to be included in the fund portfolio may be included with the same-day and/or forward-date transactions in accordance with the principles set forth in the Communiqué and the relevant regulations of the Board, either on the stock market or off the stock market. Assets for which the number of days till maturity cannot be determined may not be included in the fund portfolio.
The main investment strategy of the fund is to provide absolute return in Turkish Lira. Only TRY-denominated assets and transactions complying with the principles of a participation fund 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 |
|---|---|
| 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. |
