Azimut PYŞ Hedge (Foreign Currency) Fund

Fund Performance Data

Fund Strategy

The Fund's main investment strategy is to invest in all kinds of foreign currency debt instruments and lease certificates issued abroad and in Turkey, to provide investors with returns in US Dollars. At least 80% of the total value of the Fund is continuously invested in money and capital market instruments and lease certificates issued in US Dollars (USD) by domestic and foreign issuers, and the Fund unit share value is in the United States, within the framework of paragraph 8 of Article 15 of the Communiqué. It is calculated in Dollars (USD) and Turkish Lira (TL) and fund shares are traded in American Dollars (USD) and Turkish Lira (TL). The Fund may also invest in money and capital market instruments in Turkish Lira (TL), not exceeding 20% of the total fund value. The Fund aims to carry a diversified portfolio of short, medium and long-term Turkish and foreign, public and private sector debt instruments and lease certificates with different maturities. The portfolio manager can create a portfolio structure that is spread over the yield curve or focused on a certain maturity by using public debt instruments and/or private sector debt instruments and/or lease certificates.

Fund Profile

Fund Code FYH
Fund Name Azimut PYŞ Hedge (Foreign Currency) Fund
Umbrella Fund Type Borçlanma Araçları Şemsiye Fonu
Management Fee (Yearly) 0.5250%
Performance Fee
Availability on TEFAS
Benchmark BIST KYD 1-Month Indicator Deposit Index USD
Benchmark for A Share Class (TRY) BIST KYD 1-Month Indicator Deposit USD Index multiplied by the US Dollar (USD) foreign exchange buying rate announced by the CBRT for the relevant day.
Benchmark for B Share Class (USD) BIST KYD 1-Month Indicator Deposit Index USD
Portfolio Managers Murat Salar, Abdullah Selim Kunt, Engin Ertam, Kutay Ultan

Trading Principles

Subscription and Redemption Frequency Weekly
Subscription and Redemption Notice Period Begining Until 17:00, 3 working days before the last working day of the week
Subscription and Redemption Notice Period Ending Until 17:00, the last working day of the week
Settlement Date for Subscriptions The First Business Day following the Settlement Day
Settlement Date for Redemptions The First Business Day following the Settlement Day
Risk Level (TL)
5
Risk Level (USD)
3

Fund-Specific Information

Sold only to qualified investors.

Fund participation shares are divided into Group A (TL) and Group B (USD). The price of Group A shares is announced in TL and Group A shares are bought and sold in TL, the price of Group B shares is announced in US Dollars (USD) and Group B shares are bought and sold in US Dollars (USD).

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