Fund Type Description:At least 51% of this fund’s portfolio must consist of foreign securities.
Strategy: The fund management aims to derive maximum earnings for the investors from variations in the exchange rates through USD dominant investments. The portfolio therefore mainly consists of US Treasury Bills and foreign currency-indexed Turkish Treasury Bills/Government Bonds.
Investor Profile:Investors who wish to invest their savings in USD-based fixed-income instruments in expectation of an upward movement in the USD exchange rate.
Minimum Transaction Amount: Multiples of 1 share.
Benchmark: 60% 3-Month US Treasury Bills + 30% KYD FX Bills USD-TL Index + 10% KYD Gross Repo Index
Terms of Transaction:Buying orders received between 09:00-13:00 hours are effected on T+1 over the T+1 price, and selling orders on T+3 over the T+1 price. Buying orders received after 13:00 hours are effected on T+2 over the T+2 price, and selling orders on T+4 over the T+2 price.
Primary Benefit: Permits deriving earnings from climbing currency rates despite having invested his savings in TL.
Reminder:Potentially limited return resulting from the short-/medium-term investment strategy during times of lateral movement of the currency prices.
