Aktif Portfolio Funds

Considering that portfolio refers to all of the assets owned by a person or entity, in the broadest sense; Mutual Funds manage the portfolio, consisting of the capital market instruments and precious metals, in consideration of the funds they raise from the public. Each investor participates in the fund portfolio by buying the fund unit representing a portion of the portfolio held by the fund.

Mutual funds offer various options thanks to their rewarding return potentials and features to be able to invest in various asset groups.

The fund derives dividends and/or interest income from the securities it holds. The fund makes use of the increase of the price of the securities it holds. The fund reflects all of such income it generates into the fund portfolio value.

• Governance and supervision by the Capital Markets Board,
• Professional and reliable management,
• Risk diversification by means of diversification of the investment instruments,
• The opportunity to invest readily in various domestic, international securities, capital market instruments for which the individual investors have difficulty to access,
• The opportunity to invest in the securities with a high potential to derive income that cannot be achieved by means of small savings,
• Principle of fiduciary ownership,
• Protection of the assets of the fund,
• (The fund is not a corporate body, however the assets of the fund are independent of the founder. Furthermore, the assets of the fund may not be pledged, shown as collateral or seized by any third party whatsoever as per the Capital Market Law. In other words, protection of the assets of the fund is guaranteed by the law.)
• Being convertible to cash at any amount and at any time and having no maturity date,
• Providing protection against the transactions that require time and resource utilization, since the transactions such as coupon, interest and dividend collection will be performed by the fund management,
• Saving from time and money due to high amount trading into the portfolio,
• The application of 0% withholding available for the equity intensive funds.

• Level of risk
• Past performance
• Cost ratios

Points Required To Be Acquainted With:

Any investor, planning to invest in a mutual fund unit, must obtain sufficient information about the following points.

• The founder of the fund and the type of the funds managed by such founder,
• The portfolio manager managing the fund portfolio,
• The most recent portfolio composition and strategy of the fund,
• The management fee percentage of the fund and the total cost ratio of the fund,
• The performance of the founder during the previous periods of its funds, and the success standing as compared to the other funds,
• The venues, where the fund units can be traded, as well as trading hours and trading terms and conditions,
• The fact that whether entry-exit commission applies

Fund units can be compared with the shares of the companies. A unit shows the number of the units by which an investor participates in the fund portfolio.

In respect of purchasing a fund unit or returning the same to the fund (selling), a trading instruction will be given by submitting an application to the venue where the fund unit trading will be performed as announced in the offering circulars by the Founder.

Additionally, the Mutual Funds, traded at the Turkish Electronic Fund Distribution Platform (TEFAS), may be traded through the branches, with which the investor holds an account, and/or the Internet/mobile applications and ATMs of the banks and intermediary institutions, which are a member to the TEFAS.

The unit fund price of a unit is announced at the addresses, where the units are traded, and also at the TEFAS by the Founder on each business day. Various data and statistics with respect to the funds are available to be accessed by the investors on the Fund Information Platform made available by Istanbul Takas ve Saklama Bankası A.S.(Istanbul Settlement and Custody Bank, Inc.). Additionally, the daily prices of the funds are announced on the Internet/mobile applications of some fund founders.

The price of the fund unit, enabling participation to the fund, is calculated on the basis of each business day by the founder. Such price will be used for trading the fund units on the following day. The method of "advance pricing" is applied as the pricing principle for the funds other than the money market funds and the short-term debt instrument funds.

Fund portfolio value is calculated by taking into account the prices of the assets, available in the portfolio, at the exchanges where they are traded, on the price valuation date, and the total value of the fund is determined by adding the receivables of the funds into the fund portfolio value and deducting their debts. The total value of the fund is divided into the number of the shares outstanding on the date of valuation, and the fund unit price is found by means of such calculation.