TEB Portföy Burgan Bank Money Market (TL) Fund

Within the frame of the new regulations recently issued in the official gazette, benefit from the withholding discount with the TEB Portföy Burgan Bank Money Market (TL) Fund until April 30th, 2024!*

The decision numbered 8484 of May 1st, 2024, the withholding tax rates for investment funds included in the Temporary Article 67 of the Income Tax Law numbered 193 have been revised. Regarding the decision numbered 8775 of August 31st, 2024, the date July 31st,2024 has been extended to October 31 st, 2024.

*Withholding tax rate notifications are for informative purposes and details are available for individual investors in the fund prospectus.

Click here to detailed information.

The TEB Portföy Burgan Bank Money Market (TL) Fund helps you protect your savings against market fluctuations without facing any liquidity problems. Use any portion of your savings on a daily basis without regard for a maturity date based on your needs.

Click here for the fund prospectus.

Click here for the Investor Information Form.

Click here for The Manager’s Fund Sheet.

Features

You can invest 24/7*.
Transactions are carried out instantaneously, with no need to wait.
You can trade in 1 share and its multiples.
The fund invests in fixed-yield instruments and therefore poses minimum risk.
The fund is managed by the expertise of TEB Portföy to protect your principal payment and provide yield in line with the inflation rate.

*Based on the trading principles set forth in the prospectus of TEB Portföy Burgan Bank Money Market (TL) Fund.

Risk Level:	2/7
Trading Channels:	Burgan Mobile, Burgan Bank Internet Banking and All Burgan Bank Branches
Trading Hours:	24 hours based on the principles set forth in the prospectus
Settlement Date:	Same day, instantly for purchases and sales
Minimum Number of Transactions:	1 share and its multiples for purchases and sales.

Management Strategy

In line with the investment strategy of the fund, a significant part of the portfolio is invested in highly-liquid money and capital markets instruments with a maturity date earlier than 184 days. The daily weighted average maturity of the fund portfolio will not exceed 45 days on any given day. The benchmarking criteria for the fund is 25% KYD Public Debt Securities Indices-91 days + 10% KYD Private Debt Securities Indices (Fixed) + 65% KYD O/N Repo Index-Gross.

ASSET & TRANSACTION TYPE

Minimum and maximum thresholds for assets and transactions regarding the fund are based on the total portfolio and listed in the table below:

ASSET & TRANSACTION TYPE	Minimum %	Maximum %
Public & Private Sector Debt Instruments	0	100
Reverse Repo Transactions	0	100
Takasbank Money Market and DomesticOrganized Money Market Transactions	0	20
Asset-backed and Mortgage-backed Securities	0	100
Asset-guaranteed and Mortgage-guaranteed Securities	0	100
Domestic Lease Certificates	0	50
Deposit / Participation Accounts	0	10

Repo transactions in and out of the stock exchange for up to 10% of the market value of suitable assets are allowed in the portfolio. An investment of up to 10% of the total value of the fund is allowed for reverse repo agreements on the stock exchange.

Trading Principles Summary Table

Transaction Hours	Purchase Limit per Investor	Sale Limit per Investor
09:00 - 13:30	No limit is applicable.*	No limit is applicable.
13:30 - 17:10	Transactions will be in line with the fund stock rules specified in the fund prospectus.	TL 2 million
18:00 - 09:00	TL 2 million	TL 2 million
Holidays	TL 2 million	TL 2 million

*Investment fund purchase limit through Alternative Distribution Channels is TL 30 million and any purchase exceeding that amount is made through a branch. The daily limit for purchase or sale of participation shares from 18:00 to 09:00 in the next business day and holidays is TL 2 million per investor. During these hours, the number of participation shares sold by investors is limited to 35 million.

Details of Trading Principles

From 09:00 to 13:30 (from 09:00 to 10:45 in the case of half-day), participation shares can be purchased or sold over the participation share purchase price announced in the previous work day at 18:00 (14:00 in the case of half-day) and applicable for the day.
From 13:30 to 17:10 (from 10:45 to 13:10 in the case of half-day), participation shares will be purchased or sold over the participation share price announced in the previous work day at 18:00 (14:00 in the case of half-day) and applicable for the day. A daily limit of TL 2 million per investor will be applicable for total participation share refund requests through Branch & Alternative Distribution Channels during these hours. During these hours, the number of participation share refund requests by investors is limited to 35 million shares. New participation share purchasing requests by investors within these hours will be unconditionally accepted by Burgan Bank until 15 million shares. In case of purchasing requests exceeding 15 million shares, these requests will be met if participation shares returned to the portfolio are available.
Trading will be temporarily suspended from 17:10 to 18:00 (from 13:10 to 14:00 in the case of half-day), to prepare for the transactions after 18:00.
The new price of the participation share will be announced at 18:00 (at 14:00 in the case of half-day).
From 18:00 (from 14:00 in the case of half-day) to 24:00, the new price will be applied for the investors regarding the participation share purchases. Regarding the participation share sales, the unit price announced on the previous work day at 18:00 (or 14:00 in the case of a half-day) will be applied.
However, in the situation explained in Clause 5, the participation share unit price announced at 18:00 (14:00 in the case of half-day) will be applicable for purchases and sales of participation shares.
If the purchase price announced at 18:00 (14:00 in the case of half-day) is lower than the sale price applicable as of 18:00 (14:00 in the case of a half-day), the sale price will be made equal to the purchase price announced at 18:00 (14:00 in the case of a half-day).
The new unit price announced at 18:00 (14:00 in the case of half-day) will be applied for the purchase and sale of participation shares from 24:00 to 13:30 on the following day (10:45 in the case of half-day).
The daily limit for the purchase or sale of participation shares through Alternative Distribution Channels from 18:00 (14:00 in the case of half-day) to 09:00 in the next day and holidays is TL 2 million per investor. During these hours, the number of participation shares sold by investors is limited to 35 million.
In case of an emergency due to a system error and/or market problems, the price calculation may be later than 18:00 (14:00 in the case of a half-day). In such cases, the purchase and sale of funds will be suspended until the new price is entered into the system.