ÜNLÜ Asset Management The Second Statistical Arbitrage Hedge Fund
Target Investor Profile:
Qualified corporate and individual investors
Investment Objective and Principle Strategies:
The fund exploits arbitrage possibilities occurring in the market, supported by algorithm-based systems.
Benchmark:
95% BIST-KYD 1 M Deposit*1.10
Management Fee:
3.0% per annual (performance fee 25%)
Performance Fee:
Performance Fee:
every six months and when the sale is made (25% for the portion of the income exceeding the threshold value)For shareholders, it is 25% of the portion of the return in the Fund Unit Share price exceeding the threshold value for each unit share.“Performance Review Dates” are the last valuation days of the 6th month and 12th month. Performance fee calculation is made on “Performance Review” dates and when the sale is made.Subscription and Redemption Frequency:
entry daily (T+1), exit twice a month (T+2)Subscription and Redemption Notice Period:
Orders given by the investors until 13:30 on the valuation day are executed on the first business day following the share price to be calculated in the first calculation after the order is given.
Instructions sent after 13:30 on the valuation day are considered to have been given after the valuation day and are executed over the share price in the following calculation.
Exit:
Sale instructions given by investors for the participation shares, starting from the last business day of each month at 13:30, when the BIST Equity Market is open, until 13:30 on the 15th of the
following month, will be executed based on the calculated share price on the 15th of the month. If the 15th of the month is not a business day, sale instructions will be executed based on the price calculated on the first business day that follows.
Instructions submitted between 13:30 on the 15th of each month, when the BIST Equity Market is open, and 13:30 on the last business day of the month will be executed based on the share price calculated on the last business day of the month. Instructions submitted on days when the BIST Equity Market is closed will be executed based on the calculated share price in the first calculation on the first business day that follows.
Instructions sent after 13:30 on the valuation day are considered to have been given after the valuation day and are executed over the share price in the following calculation.
Exit:
Sale instructions given by investors for the participation shares, starting from the last business day of each month at 13:30, when the BIST Equity Market is open, until 13:30 on the 15th of the
following month, will be executed based on the calculated share price on the 15th of the month. If the 15th of the month is not a business day, sale instructions will be executed based on the price calculated on the first business day that follows.
Instructions submitted between 13:30 on the 15th of each month, when the BIST Equity Market is open, and 13:30 on the last business day of the month will be executed based on the share price calculated on the last business day of the month. Instructions submitted on days when the BIST Equity Market is closed will be executed based on the calculated share price in the first calculation on the first business day that follows.
Lock-up period:
None
Custodian:
T. İş Bankası A.Ş.
Regulator:
Capital Markets Board (CMB)
Taxation:
Mutual fund gains are subject to a withholding tax (at redemption) of 10% for indivudials and 0% for corporate clients