Ak Asset Management Twelfth Hedge (Foreign Currency - Euro) Fund

Until 13:30, excluding public holidays.

You can purchase it through all banks and brokerage institutions in Türkiye.

The recommended period is 3 months.

No. If you sell the fund, it is calculated over the income you earn and accrued automatically.

Income earned by corporate investors from mutual funds is subject to 0% withholding tax and corporate tax declaration.

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+1 (Sale) The sale amount is reflected in your account within 1 business day 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.

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.

Foreign Currency Funds are funds that allow savers to invest in foreign currency-denominated assets such as USD and EUR.
Two main types stand out in Türkiye:
• Debt instruments (Foreign Currency) funds: Open to all investors and generally include foreign currency-denominated government and private sector bonds (eurobonds) in their portfolios.
• Hedge (Foreign Currency) funds: Suitable only for qualified investors. The portfolios of these funds generally include at least 80% USD/EUR-denominated debt instruments and lease certificates.

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.

Foreign currency funds are sensitive to exchange rate fluctuations due to the foreign currency-denominated assets in their portfolios. When the exchange rate rises, the TRY-based value of the fund may increase; when the exchange rate falls, it may decline. In addition, global interest rate movements may affect the value of the bonds in the portfolio (interest rate risk), and the possibility that issuers may fail to meet their obligations (credit risk) may negatively affect fund performance. Therefore, foreign currency funds should be evaluated in line with the investor’s risk profile.

Returns of foreign currency funds are affected by interest rates of foreign currency-denominated assets such as eurobonds, bonds and lease certificates changes in exchange rates such as USD/EUR; and global economic developments. In addition, the creditworthiness of the issuing country or institution also plays a role in fund performance.

The risks of foreign currency funds are affected by factors such as exchange rate fluctuations; changes in global interest rates; credit risk related to the issuing countries or institutions; and economic and geopolitical developments. Therefore, the risk level of these funds may vary depending on market conditions. Is there any exit fee or minimum holding requirement?
Many foreign currency funds do not charge an exit fee. However, some foreign currency hedge funds may apply additional charges for early exit. These conditions are specified in each fund’s prospectus. For detailed information, the fund prospectus should be reviewed.