Agesa Hayat Ve Emeklilik Government External Debt (USD 5-15 Year Term) Pension Investment Fund

Fund Manager

Invested Assets

The fund aims to generate interest income and capital gains by investing at least 80% of its portfolio in USD-denominated eurobonds (foreign government debt instruments) issued by the public sector with 5–15 year maturities. Periodic coupon payments from these securities are expected to provide a stable income stream to cover potential cash outflows. When making investment decisions, key factors such as future interest rate expectations, spread analysis, risk/return assessments, and duration and convexity play a central role. Market anomalies, instruments offering additional return potential, and tactical buy-sell opportunities are also evaluated to enhance the fund’s performance. Based on interest rate forecasts, the portfolio’s maturity structure and asset allocation are dynamically managed to maximize exposure to foreign currency-denominated returns in the market. Additionally, the fund may invest in money and capital market instruments listed in the table under Article 2.4 of the prospectus, within the prescribed limits.

85% BIST-KYD Public Eurobond 5-15 Years USD (TL) + 5% BIST-KYD Eurobond EUR (TL) + 5% BIST-KYD Repo (Gross) + 5% BIST-KYD 1 Month Deposit TL