OYAK Asset Management First Participation Hedge Fund - OTK
Fund Investment Purpose/Strategy
This fund is offered exclusively to qualified investors in accordance with the Capital Markets Board Communiqué III-52.1 on Principles Regarding Investment Funds.
The fund primarily aims to invest in lease certificates (sukuk) issued in Türkiye. In addition, the portfolio may include participation accounts, gold and other precious metals, domestic and international money and capital market instruments approved by the Advisory Committee, and other Sharia-compliant financial instruments. The fund may also invest in money and capital market products that follow participation indices.
The fund is managed in full compliance with participation finance principles and does not include interest-bearing instruments in its portfolio.
The fund is exclusively available to qualified investors with a high risk tolerance. You can invest in the fund through OYAK SECURITIES or via the TEFAS platform.
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. - |
