BVK – BULLS PORTFOLIO VOLTRAN PARTICIPATION HEDGE FUND

all information, comments and evaluations in this bulletin have been prepared by bulls portfolio management for the purpose of informing investors, without obtaining any financial benefit in return. this information, which is not intended to be directive in any way, should not be considered as investment advisory services by investors and should not be used as the basis for investment decisions. all information, evaluations, comments and statistical figures included in this report have been compiled as of the date of preparation, based on current market conditions and sources believed to be reliable. the opinions, information and data presented in the report are intended to assist investors in making their own investment decisions and do not constitute an offer and/or commitment to buy or sell any security. no link can be established between the investment decisions made by investors and the opinions, information and data presented in this report. bulls portfolio management or its employees shall not be liable for any direct and/or indirect damages that may arise as a result of the use of the information, evaluations, comments and statistical figures contained herein. the comments and recommendations in the report are based on the personal opinions of those providing such comments and recommendations. these opinions may not be suitable for your financial situation or your risk and return preferences. therefore, making investment decisions solely based on the information contained herein may not produce results that meet your expectations.

past performance of funds cannot be considered an indicator of future performance.

the prospectus, fund bylaws and performance presentation reports of the funds can be accessed through the continuous disclosure forms available at www.kap.gov.tr, www.unluportfoy.com.tr and www.spk.gov.tr.

the benchmark has been determined in accordance with the assets in which the fund may invest, as specified in the fund prospectus and bylaws.

bulls portfolio management inc. (“bulls portfolio”) is an institution authorized and regulated by the capital markets board (“spk”). this presentation or report has been prepared for informational purposes and the information contained herein should be considered strictly confidential. it may not be reproduced, copied, used for purposes other than its intended purpose, or shared with third parties in whole or in part without the prior permission of bulls portfolio. the information contained in this presentation does not claim to be complete and may be subject to change. this presentation does not constitute a personal recommendation and does not represent an offer or invitation to buy or sell any financial product, service, investment instrument or security. the investments and strategies contained herein may not be suitable for all investors. investors should conduct their own research regarding all matters included in this presentation and base their opinions on their own investigations.

the investment information, comments and recommendations contained herein are not within the scope of investment advisory services. in accordance with spk regulations, investment advisory services are provided by authorized institutions on a personalized basis, taking into account the risk and return preferences of individuals. the comments and recommendations contained herein are based on the personal opinions of those providing them. these opinions do not constitute a recommendation to buy or sell any investment instrument or a promise of return and may not be suitable for your financial situation or your risk and return preferences. therefore, making investment decisions based solely on the information contained herein may not produce results that meet your expectations. you should exercise the necessary prudence, care and diligence to avoid potential losses. bulls portfolio shall not be responsible for any losses incurred as a result of transactions made based on the opinions contained herein. communications, questions and/or requests regarding this document and/or the potential process considered should be directed to bulls portfolio. for further information, please contact the following:

bulls portfolio management inc.
büyükdere cad. no: 173, 1. levent plaza, b block, floor 4, levent / istanbul
istanbul / türkiye
https://bullsportfoy.com
tel: +90 (212) 410 05 0