Azimut Portföy Money Market Participation Hedge Fund

The Fund is a sub-fund of the “Free Umbrella Fund” as defined in Article 6 of the Communiqué; as it is a “money market fund,” the monthly weighted average maturity of the Fund’s portfolio shall not exceed 45 days, and assets for which the remaining maturity cannot be calculated shall not be included in the portfolio. The Fund is subject to the principles regarding free funds set forth in Article 25 of the Communiqué, rather than the proportional limitations and other conditions applicable to assets included in portfolios as outlined in Articles 17 through 24. Since the Fund is classified as a “Free Fund,” its participation shares may only be sold to qualified investors. Furthermore, as the Fund is a “Participation Fund,” the assets and transactions included in the portfolio shall be those that comply with internationally accepted interest-free finance principles.

Within the framework of the Fund’s investment strategy, the entirety of the Fund’s total value is continuously invested in highly liquid money and capital market instruments with a remaining maturity of no more than 184 days, and the daily calculated weighted average maturity of the Fund’s portfolio shall not exceed 45 days. Assets for which the remaining maturity cannot be calculated may not be included in the Fund’s portfolio.

The Fund’s portfolio is managed within the framework of interest-free/participation finance principles and guidelines. It is mandatory that all assets invested in the Fund’s portfolio comply with participation principles regarding their transaction type, be included in indices approved for compliance with participation finance principles, and/or have their compliance with participation finance principles approved by an Advisor/Advisory Committee. It is a fundamental requirement that the money market instruments included in the Fund’s portfolio—in accordance with the Fund’s investment strategy—not be interest-based instruments.