Variable Funds


ÜNLÜ Second Variable Fund

Performance Graph

Target Investor Profile:

The Fund is a Dynamic Variable fund. It aims for high returns, with risk and volatility exceeding those of deposits.
It is suitable for investors in risk category R5

Investment Objective and Principle Strategies:

The Fund's investment strategy is based on the goal of maximizing risk-adjusted returns by capturing the fund interest rate cycles and managing the duration and credit risk.

The Fund invests in debt instruments issued by the Turkish Treasury, foreign governments as well as Turkish and foreign companies.

For investment purposes, the Fund may include in its portfolio; listed derivatives, warrants and certificates, based on BIST-traded issuer shares and issuer share indices, interest rates, foreign currencies/exchange rates and financial indices; and for hedging purposes, over the counter (OTC) derivatives based on the aforementioned underlying assets, warrants and certificates, along with swap contracts. Foreign investment instruments may be included in the Fund portfolio.

The Fund is managed within a targeted risk range of 4-5.

Benchmark:

BIST-KYD 1 M Deposit

Management Fee:

1.28% p.a. (charged daily to the Fund’s NAV). There are no other fees of any kind such as entry or exit charges.

Subscription and Redemption Frequency:

Daily

Subscription and Redemption Notice Period:

Subscription: Requests before 13:30 executed from the same day closing price and subscribed to the fund 1 day after.

Requests after 13:30 executed from the same day closing price and subscribed to the fund 2 days after.

Exit: Requests before 13:30 executed from the same day closing price and subscribed to the fund a day after.

Lock-up period:

None.

Custodian:

Türkiye 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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