Arbitrage Funds

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%)

Subscription and Redemption Frequency:

twice a month

Subscription and Redemption Notice Period:

Orders given by the investors until 13:00 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 13:00 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:

investors give their participation share sales orders starting at 13:00 on the last business day of each month and until 13:00 on the 15th of the month, over the share price to be calculated on the 15th of the current month.

Orders sent from 13:00 on the 15th of each month until 13:00 on the last business day are executed over the share price calculated on the last business day of the month.

The orders sent on the days when the BIST Equity Market is closed are considered as the orders given on the first business day following.

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

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