OYAK Asset Management Türkiye Finans Katılım Free (FX-Euro) Fund - OFA
Fund Investment Purpose/Strategy
At least 80% of the fund’s total assets are continuously invested in foreign currency-denominated debt securities and lease certificates issued by the Turkish Ministry of Treasury and Finance, as well as money and capital market instruments issued in foreign currency by domestic issuers.
The fund is managed in full compliance with participation finance principles. Changes in the EUR/TRY exchange rate have a direct impact on the fund's value. The fund is suitable for qualified investors with a low to medium risk tolerance.
Fund Documents
Fund 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 | TRY 50,000,000 | 50,000,000 | 100% |
Benchmarking Criteria
| Fund Code | Benchmarking Criteria |
|---|---|
| OFA | BIST - KYD (Turkish Institutional Investment Managers’ Association) 1-Month Profit Share EUR 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 | Around 1% (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 | Buying and selling orders placed by 1:00 p.m. are processed into transactions at T+1. |
| Trading Hours | Buying and selling of the participation shares will be performed by the founder as well as the Institutions that have signed a contract with the founder for brokerage of participation share trading. Trade name and contact details of these institutions are given below. |
| Trading Places | OYAK Securities www.oyakyatirim.com.tr Ayazağa Mahallesi Kemerburgaz Caddesi Vadi İstanbul Park 7B Blok No:7C Kat:18 Sarıyer ISTANBUL 0212 319 12 00 |
| Türkiye Finans Katılım Bankası A.Ş. www.turkiyefinans.com.tr Saray Mahallesi Sokullu Caddesi No: 6 Ümraniye / Istanbul 0216 586 70 00 |
Helpful Information
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.”
