OYAK Asset Management Precious Metals Fund Basket Fund - OTJ
Fund Investment Purpose/Strategy
At least 80% of the fund's total value will be continuously invested in the participation shares of domestic and foreign investment funds based on precious metals and domestic and foreign exchange-traded funds established to track indexes based on precious metals. Fund management strategy for the field of precious metals is to invest in different commodities, commodity groups-based investment funds and exchange-traded funds, to increase the potential income of the investor by highlighting different commodity groups in different economic climates.
Exchange-traded investment funds based on precious metals, and investment funds based on metals such as gold, silver, platinum and palladium, etc. are particularly selected for the fund portfolio.
The fund may determine the asset allocation within the minimum and maximum limitations given in Article 2.4, taking into account the market conditions and the benchmarking criterion. In the management of the fund portfolio; in addition to the ratios regarding the assets to be included in the fund portfolio specified in article 2.4, other relevant portfolio limitations included in the Communiqué and not specified in article 2.4 and the Board regulations are also taken into consideration.
Foreign investment instruments may be included in the fund portfolio. However, foreign currency and capital market instruments included in the fund portfolio cannot be equal to or exceed 80% of the total fund value.
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 |
|---|---|
| OTJ | 35% Bloomberg Gold Price (TRY) (The value calculated by multiplying the spot gold ounce price in international US Dollars with the code “XAU” announced on Bloomberg, with the TCMB’s (Central Bank of the Republic of Türkiye) buying rate) 35% Bloomberg Silver Price (TRY) (The value calculated by multiplying the spot silver ounce price in international US Dollars with the code “XAG” announced on Bloomberg, with the TCMB’s (Central Bank of the Republic of Türkiye) buying rate) 10% Bloomberg Platinum Price (TRY) (The value calculated by multiplying the spot platinum ounce price in international US Dollars with the code “XPT” announced on Bloomberg, with the TCMB’s (Central Bank of the Republic of Türkiye) buying rate) 10% Bloomberg Palladium Price (TRY) (The value calculated by multiplying the spot palladium ounce price in US Dollars with the code “XPD” announced in Bloomberg, with the TCMB’s (Central Bank of the Republic of Türkiye) buying rate) 10% BIST TLREF Index |
Rates of Fund Management Fees and Entry / Exit Commissions
| Daily Rate of Fund Management Fee | Applied as 0.00274% (two point seventy four per hundred thousand) of the Total Fund Value. |
| Annual Rate of Fund Management Fee | Approximately 1.0% (one 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 | 8:30 a.m – 1:00 p.m. | ||||
| 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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