OYAK Asset Management First Participation Hedge Fund - OTK
Fund Investment Purpose/Strategy
The Fund is in the status of a fund to be sold in accordance with the provisions of the Communiqué on Investment Fund Principles, No. III-52.1, regarding offering to qualified investors. The Fund will mainly invest in domestically issued Lease Certificates. In addition, the Fund may also invest in participation accounts, gold and other precious metals, domestic and foreign money and capital market instruments approved by the Advisory Board, and other money and capital market instruments that are in accordance with interest-free finance principles.
The Fund may invest in money and capital market products subject to participation indices.
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 |
|---|---|
| OTK | 100% KYD (Turkish Institutional Investment Managers’ Association) 1-Month Dividend Index-TRY |
Rates of Fund Management Fees and Entry / Exit Commissions
| Daily Rate of Fund Management Fee | Applied as 0.0055% (fifty five per million) of the Total Fund Value. |
| Annual Rate of Fund Management Fee | Approximately 2.0075% (two point zero zero seventy five per cent) |
| Entry-Exit Commissions | No commission is charged when entering or exiting this fund. |
Trading Information
| Minimum Number of Shares to be Purchased | Each investor may place a minimum of 50,000 (fifty thousand) share orders in the first purchase, and orders above this may be placed in the form of 5,000 (five thousand) shares and its multiples. In each sale, investors may place orders for a minimum of 5,000 (five thousand) shares and multiples thereof. |
| Trading Hours | Buying and selling orders placed by 1:00 p.m. are processed into transactions at T+1. |
| Trading Places | In addition to the founder, the purchase and sale of participation shares is carried out also by the Head Offices and branches of OYAK Securities and Türkiye Finans Katılım Bankası A.Ş. - |
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.”
