Azimut PYŞ Absolute Return Target Hedge Fund

Fund Performance Data

Fund Strategy

Fund's main investment strategy; It is to create absolute returns in US Dollar (USD) basis by investing in Turkish and foreign public and private sector debt instruments in Turkish Lira or foreign currency, evaluating arbitrage opportunities in the created portfolio and supporting this strategy especially with hedging or investment positions in foreign currency derivative instruments. Since the fund's return target is indexed to the US Dollar, the management strategy aims to effectively manage the exchange rate risks of TL assets carried in the portfolio. The Fund aims to provide absolute returns by holding a short position in financial instruments that are determined to be above their fair value based on statistical and fundamental analysis, and by holding a long position in financial instruments that are determined to be below their fair value.

Fund Profile

Fund Code IBR
Fund Name Azimut PYŞ Absolute Return Target Hedge Fund
Umbrella Fund Type Hedge Umbrella Fund
Management Fee (Yearly) 1.5750%
Performance Fee 20.00%
Availability on TEFAS –
Benchmark BIST KYD 1-Month Indicator Deposit Index USD
Benchmark for A Share Class (TRY) –
Benchmark for B Share Class (USD) –
Portfolio Managers Murat Salar, Abdullah Selim Kunt, Engin Ertam, Kutay Ultan,Koray Ucuzal, Turgutalp Günal

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)
–

Fund-Specific Information

Sold only to qualified investors.

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