AJN

Ak Asset Management Fourth Hedge (Foreign Currency) Fund

  • At Akbank and selected institutions

Invest your savings in dollars with Ak Asset Management Fourth Hedge Fund!

Thanks to Ak Asset Management's Fourth Hedge Fund, you can invest in dollars with target date December 2023.

The fund's asset selection and risk-return balance are determined as a result of credit assessment committees and detailed analyses conducted with Ak Asset Management expertise.

Only eligible investors can invest in the fund as per the legislation.

The fund aims to enable investors to benefit from eurobond returns.

*The risk value indicated is the risk value calculated for the fund's foreign currency denominated units, while the risk value of TL denominated units is 6.

  • Short-term dollar-denominated investment
  • Entrance/exit directly in USD
  • 17.5% withholding tax on foreign currency earnings
AJN
1 / 7
  • 1.289603
  • %-0.00062
  • %-0.03
  • %-0.09
  • %-0.07
  • %0.53
  • %2.92
  • Trend
  • Price 1.289603
  • Recommended Term 18 Month
  • Subscription Value Date
    T + 1
  • Redemption Value Date
    T + 3
  • Day %-0.00062
  • 1M %-0.03
  • 6M %-0.09
  • YTD %-0.07
  • 1Y %0.53
  • 2Y %2.92
Invested Assets

At least 80% of the fund’s total value is continuously invested in foreign currency-denominated debt instruments and lease certificates issued by the Republic of Türkiye Ministry of Treasury and Finance, as well as in foreign currency-denominated money and capital market instruments issued by domestic issuers.

Trend
Recommended Term
18 Month
Subscription Value Date
T + 1
Redemption Value Date
T + 3

Fund Identity

Fund Manager
Invested Assets
At least 80% of the fund’s total value is continuously invested in foreign currency-denominated debt instruments and lease certificates issued by the Republic of Türkiye Ministry of Treasury and Finance, as well as in foreign currency-denominated money and capital market instruments issued by domestic issuers.
Operational Info
Until 1:30 pm except on public holidays.
Risk Ranking
1 / 7
Recommended Term 18

Months

Fund Size 8.831.266,49 USD
Share Value 1.289603
Redemption Value Date T + 3
Subscription Value Date T + 1
Management Fee %1,1
Withholding Tax %17,5
Benchmark

BIST-KYD 1 Month Deposit USD (TL) Index

Asset Allocation

Current Fund Allocation Ratio

Fund Performance

Frequently Asked Questions

Foreign currency hedge funds are mutual funds with a flexible investment strategy that invest the majority of their portfolio in foreign currency-denominated assets and FX-based financial instruments. For detailed information regarding the fund’s investment strategy and portfolio structure, the TEFAS platform and the fund prospectus may be reviewed.

In fund purchase-sale transactions, T (Transaction Day), the day on which the investor gives the order, is taken as the basis:
T+1 (Purchase): Fund participation shares are transferred to your account within 1 business day following the order.
T+3 (Sale): The sale amount is reflected in your account within 3 business days following the order.
These periods are general practice; exact settlement periods and foreign holiday dates may vary according to the principles specified in each fund's prospectus.

Yes. The performance of foreign currency hedge funds may be affected by exchange rate movements due to the foreign currency-denominated assets in the portfolio. For detailed information, the fund prospectus may be reviewed.

Hedge funds are funds offered only to qualified investors and may pursue more flexible investment strategies in portfolio management.
For detailed information regarding qualified investor criteria, the fund prospectus may be reviewed.

The AJN fund may be suitable for qualified investors who want to invest in foreign currency-denominated investment instruments and accept the hedge fund structure. For detailed information, the fund prospectus should be reviewed.

The fund management fee is the fee charged over the total size in mutual funds in return for the product's management processes. It is included in the fund price daily and accrued automatically.

The AJN fund is a hedge fund that invests in foreign currency-denominated assets. The fund portfolio may be allocated to different foreign currency-denominated investment instruments according to market conditions. For detailed information, the fund prospectus should be reviewed.

A qualified investor is an investor who is deemed to have the financial knowledge, experience and financial capability to evaluate the risks of capital market instruments and who meets the criteria specified under the relevant regulations. For detailed information, the relevant regulations and the fund prospectus should be reviewed.

No. Since the funds are traded on a foreign currency basis, changes in exchange rates are directly reflected in fund performance. For current information, the fund prospectus should be reviewed.

Foreign currency hedge funds are mutual funds with a flexible investment strategy that invest the majority of their portfolio in foreign currency-denominated assets and FX-based financial instruments. For detailed information regarding the fund’s investment strategy and portfolio structure, the TEFAS platform and the fund prospectus may be reviewed.

In fund purchase-sale transactions, T (Transaction Day), the day on which the investor gives the order, is taken as the basis:
T+1 (Purchase): Fund participation shares are transferred to your account within 1 business day following the order.
T+3 (Sale): The sale amount is reflected in your account within 3 business days following the order.
These periods are general practice; exact settlement periods and foreign holiday dates may vary according to the principles specified in each fund's prospectus.

Yes. The performance of foreign currency hedge funds may be affected by exchange rate movements due to the foreign currency-denominated assets in the portfolio. For detailed information, the fund prospectus may be reviewed.

Hedge funds are funds offered only to qualified investors and may pursue more flexible investment strategies in portfolio management.
For detailed information regarding qualified investor criteria, the fund prospectus may be reviewed.

The AJN fund may be suitable for qualified investors who want to invest in foreign currency-denominated investment instruments and accept the hedge fund structure. For detailed information, the fund prospectus should be reviewed.

The fund management fee is the fee charged over the total size in mutual funds in return for the product's management processes. It is included in the fund price daily and accrued automatically.

The AJN fund is a hedge fund that invests in foreign currency-denominated assets. The fund portfolio may be allocated to different foreign currency-denominated investment instruments according to market conditions. For detailed information, the fund prospectus should be reviewed.

A qualified investor is an investor who is deemed to have the financial knowledge, experience and financial capability to evaluate the risks of capital market instruments and who meets the criteria specified under the relevant regulations. For detailed information, the relevant regulations and the fund prospectus should be reviewed.

No. Since the funds are traded on a foreign currency basis, changes in exchange rates are directly reflected in fund performance. For current information, the fund prospectus should be reviewed.

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