Frequently Asked Questions

BV Portföy Yönetimi A.Ş. does not have the authority to transfer your funds or financial instruments to any third party without your written instructions. BV Asset Management A.Ş. can only act upon your instructions.

BV Portföy Yönetimi A.Ş. is only obligated to execute transactions in accordance with the terms and conditions specified in the mutual fund purchase and sale agreement made with you.

BV Asset Management A.Ş. holds a portfolio management license and is also authorized to provide mutual fund sales and marketing as auxiliary services.

A mutual fund is a financial instrument that pools the funds of various investors and is managed by a professional fund manager, typically aiming to invest in a variety of asset classes. These funds offer investors the opportunity to diversify their portfolios and benefit from a large asset pool managed by a professional team.

Mutual funds can invest in assets such as reverse repos, government bonds, treasury bills, stocks, corporate bonds, commercial papers, foreign securities, mutual funds, precious metals, futures contracts, and options. They can also invest in shares of entities established in Turkey, including those under privatization, corporate and government bonds, foreign private sector and government bonds that can be traded in accordance with the provisions of Decision No. 32 on the Protection of the Value of Turkish Currency, time deposits and participation accounts with a maturity of up to 12 months, gold and other precious metals traded on the stock exchange, and capital market instruments based on these metals. Additionally, mutual funds may invest in fund units, repos and reverse repos, lease certificates, real estate certificates, warrants and certificates, Takasbank money market transactions, cash collateral and premiums for derivative transactions, specially designed foreign investment instruments, and equity participation certificates approved by the Board, as well as other approved investment instruments. Since the return of a mutual fund is based on the performance of the assets in its portfolio, it is advisable for investors to have a clear understanding of the type of fund, or in other words, the composition of the portfolio, before selecting the fund in which they wish to invest.

Mutual funds diversify portfolios by investing in a variety of asset classes. This allows investors to manage risks more effectively while optimizing their portfolio management. Mutual funds are managed by professional fund managers. These experts analyze market conditions, ensure balanced allocation across asset classes, and implement strategies to help the fund achieve its predetermined goals. Mutual funds are easily accessible investment instruments for individual investors. They can be purchased through banks, brokerage firms, and various financial institutions. They also allow for investments even with relatively low amounts.

<p>The management fee is a service charge regularly deducted from a fund's portfolio in exchange for its professional management. This fee is calculated on a daily basis and automatically subtracted from the fund’s portfolio. The fund prices announced daily are net of these management fees. No additional management fee is charged directly to investors.</p>

Since funds have different investment strategies, objectives, and risk categories, appropriate benchmarks must be set for each fund. For example, funds that focus on fixed-income securities may use benchmarks such as the KYD TUM Index, KYD 365-Day Index, or KYD Eurobond Index, while equity-focused funds may use benchmarks like the BIST 100 Index or BIST 30 Index, depending on the nature of the fund. BIST KYD indices can be accessed on Borsa Istanbul’s website.

You can invest in all of our funds listed on TEFAS (the Turkish Electronic Fund Trading Platform) through any bank or brokerage firm where you hold an account. For funds not listed on TEFAS, you can invest through a custody account by signing a Mutual Fund Sales and Marketing Agreement with BV Asset Management.

The principles regarding the calculation of the unit price of mutual fund shares are outlined in the respective fund’s prospectus. In general, the "Fund Portfolio Value" refers to the total value of the assets in the portfolio, calculated according to the principles specified in the Financial Reporting Communiqué. The "Fund Total Value" is calculated by adding any other assets to the Fund Portfolio Value and subtracting liabilities. The unit price of the fund is determined by dividing the Fund Total Value by the total number of fund shares.

An umbrella fund is an investment fund that covers all the funds issued under a single internal regulation. The types of umbrella funds are outlined in the Communiqué on Principles Regarding Mutual Funds and include: Debt Instruments Umbrella Fund, Equity Umbrella Fund, Precious Metals Umbrella Fund, Fund of Funds Umbrella Fund, Money Market Umbrella Fund, Participation Umbrella Fund, Variable Umbrella Fund, Hedge Umbrella Fund, Guaranteed Umbrella Fund, Capital Protected Umbrella Fund, and Mixed Umbrella Fund.

TEFAS is an electronic platform that allows for the sale and redemption of mutual fund participation certificates through distribution institutions on a single electronic platform, as well as full automation of settlement and custody in conjunction with the Takasbank-Central Registry Agency (CRA) system.

The funds' yearly financial statements and the portfolio reports created as of the last day of the applicable accounting period are both subject to independent audits.

<p>Investment funds generate returns through investments in various assets managed by professional portfolio managers. These returns are derived from capital appreciation, interest/dividend income, and portfolio strategies implemented by the fund managers.</p>

The fund is managed by portfolio management companies that have been granted a portfolio management license by the Capital Markets Board (SPK).

Investors can access key information about the funds by referring to disclosure documents such as the fund prospectus, investor information form, and portfolio allocation report. All disclosure documents related to mutual funds are available on the Public Disclosure Platform (KAP). The prospectuses and investor information forms for the mutual funds established and managed by BV Asset Management A.Ş. can be found in the "Fund Documents & Links" section of the fund pages under the 'Mutual Funds' section of BV Asset Management's website (bvportfy.com).

A qualified investor is defined as a professional client under CMB’s regulations on investment institutions, including those deemed professional upon request. Qualified investors include pension funds, securities investment trusts, venture capital investment trusts, real estate investment trusts, brokerage firms, banks, insurance companies, private financial institutions, portfolio management companies, pension and aid funds, foundations, pension funds established under Article 20 of the Social Security Law No. 506, associations with public benefit status, and other investors deemed similar in nature by the Board, as well as individuals and legal entities holding at least 1 million Turkish Lira in Turkish and/or foreign currency and capital market instruments.