- Fund size
- TRY 2B
- Investors
- 1,313
- Management fee (annual)
- 3.20%
- Today's estimate
- 2.14%
At a Glance: GMA Fund
- According to Yatırımcı.AI data, the GMA fund price was TRY 2.137682 as of November 2, 2026, a daily change of −0.75%.
- The GMA fund returned −2.06% over 1 month, 28.23% year to date and 35.03% over 1 year.
- The GMA fund has total assets of TRY 2B and 1,313 investors.
- The GMA fund is in the Variable Fund category, with a CMB (SPK) risk score of 5 out of 7.
- The GMA fund was established by Azimut Portföy Yönetimi A.Ş.
What is the GMA fund?
GMA is the fund code of Azimut Portföy Birinci Değişken Fon. It was established by Azimut Portföy Yönetimi A.Ş. The GMA fund is in the Variable Fund category, with a CMB (SPK) risk score of 5 out of 7.
What is the GMA fund price and return?
The GMA fund price was TRY 2.137682 as of November 2, 2026. It returned −2.06% over 1 month, 28.23% year to date and 35.03% over 1 year.
GMA Fund Price Chart
Key Data
- Price
- 2.137682Nov 2, 2026
- Daily change
- −0.75%
- Trading status
- Open to trading
- Category
- Variable Fund
- Umbrella fund
- Variable
- Manager
- Azimut Portföy Yönetimi A.Ş.
- Risk score
- 5 / 7
- Fund size
- TRY 2B
- Investors
- 1,313
- Units outstanding
- 938.6M
- Purchase / redemption value date
- T+1 / T+2
- Min. purchase (units)
- 1
- Trading hours
- 09:00 – 13:30
- ISIN
- TRMBYKWWWWW5
- Inception date
- Jul 31, 2015
- Benchmark
- %51 BIST 100 Getiri Endeksi + %49 BIST- KYD REPO(BRÜT ) Endeksi
Live Estimate
GMA Return Comparison
| Comparison | 1M | 3M | 6M | YTD | 1Y |
|---|---|---|---|---|---|
| GMA | −2.06% | 3.10% | 10.53% | 28.23% | 35.03% |
| Category average | −4.00% | −2.61% | 3.13% | 18.84% | 25.24% |
| BIST 100 | −10.42% | −18.22% | −23.79% | −2.39% | 0.19% |
| Category rank | 51 / 138 | 33 / 138 | 34 / 137 | 32 / 138 | 29 / 129 |
GMA Fund Review and Performance Summary
GMA returned 35.03% over the last year, ranking 29 of 129 funds in the Variable Fund category. Over the same period: category average 25.24%, BIST 100 0.19%.
Between November 3, 2025 and November 2, 2026 the unit price ranged from a low of TRY 1.569390 (November 12, 2025) to a high of TRY 2.230701 (September 24, 2026). The latest price is 4.17% below the high and 36.21% above the low.
The largest decline in the period was 5.87% (from the February 17, 2026 high to March 30, 2026). Annualized volatility based on daily price changes: 9.37%. The price rose on 144 of 250 trading days.
Monthly returns were positive in 9 of the last 12 months; best month January 2026 (11.07%), weakest month March 2026 (−3.31%).
Between November 3, 2025 and November 2, 2026 the number of investors fell 9.07%, from 1,444 to 1,313. Fund size grew from TRY 1.2B to TRY 2B over the same period.
Highest one-year returns in the category: CPT (65.75%), YIT (55.64%), IRT (48.62%).
GMA monthly returns
| Month | Month-end price (TRY) | Monthly return |
|---|---|---|
| October 2026 | 2.153851 | −1.53% |
| September 2026 | 2.187395 | 0.22% |
| August 2026 | 2.182572 | 5.70% |
| July 2026 | 2.064932 | 2.59% |
| June 2026 | 2.012749 | 0.64% |
| May 2026 | 1.999940 | 3.41% |
| April 2026 | 1.933982 | 8.12% |
| March 2026 | 1.788727 | −3.31% |
| February 2026 | 1.849887 | −0.09% |
| January 2026 | 1.851641 | 11.07% |
| December 2025 | 1.667044 | 3.34% |
| November 2025 | 1.613177 | 2.73% |
This summary is calculated automatically from TEFAS price history and category data; it is not investment advice. Past performance does not indicate future returns.
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GMA Asset Allocation
- Stock57.93%
- Futures Cash Collateral9.84%
- Switched-Repo9.06%
- Foreign Exchange-Traded Funds7.24%
- Investment Fund Participation Shares6.85%
- Other9.08%
Stocks in the GMA Fund
AKBNKAkbank6.20%4.78%
TRMETTR Anadolu Metal Madencilik4.35%1.83%
MPARKMLP Sağlık4.25%1.02%
TOASOTofas Oto. Fab.4.24%−0.02%
SAHOLSabanci Holding3.92%1.48%
Net Flows
Investors
Similar Funds
| Fund | 1 month | YTD | 1 year |
|---|---|---|---|
 TE4TEB Portföy Birinci Değişken Fon | 2.44% | 35.73% | 44.64% |
 TI4İş Portföy Temkinli Değişken Fon | 0.88% | 23.38% | 38.72% |
 GBVGaranti Portföy Blockchain Teknolojileri Değişken Fon | −8.69% | 27.68% | 24.45% |
 HOAHSBC Portföy Teknoloji Değişken Fon | −9.98% | 21.77% | 20.16% |
| YITGaranti Portföy Yarı İletken Teknolojileri Değişken Fon | −12.34% | 51.04% | 55.64% |
Related Pages
About the GMA Fund
Azimut Portföy Birinci Değişken Fon (GMA) is a mutual fund in the Variable Fund category managed by Azimut Portföy Yönetimi A.Ş. Its price on November 2, 2026 is TRY 2.137682; the daily return is −0.75%, year-to-date 28.23% and 1-year 35.03%. Fund size TRY 2B, 1,313 investors, risk score 5/7. Today's estimated return is 2.14%; the estimated price is TRY 2.183381 (as of Nov 2, 2026, 16:38, 69% of the portfolio priced intraday).
Fon'un yatırım stratejisi uyarınca; Fonun değişken fon olması sebebiyle aşağıda yer alan tabloda belirtilen varlıklara yatırım yapılarak portföy çeşitliliği sağlanması hedeflenir. Fon portföyünün yönetiminde yatırım yapılacak sermaye piyasası araçları seçilirken ağırlıklı olarak BIST'te işlem gören ortaklık payları tercih edilecektir. Bununla birlikte Kamu ve/veya özel sektör borçlanma araçlarına ve kira sertifikalarına da yer verilecektir. Portföy yöneticisi; fon portföyüne dahil edilecek ortaklık paylarının seçimini sağlamak için temel ve teknik analiz yöntemlerinden faydalanırken, borçlanma araçlarının seçiminde ise piyasa koşullarına uygun olan vade yapısı ve getiriyi göz önünde bulunduracaktır.
Live estimate error over the last 30 days: 1.02 points on average (13 trading days, latest October 30, 2026). Estimate coverage is 67%: only this share of the portfolio has intraday prices, so the error can be larger. Live Fund Estimate Track Record
Last updated: Source: TEFAS
Frequently Asked Questions
What will the GMA fund price be today?
Today's estimated price of GMA is TRY 2.183381, an estimated return of 2.14% (as of Nov 2, 2026, 16:38; 69% of the portfolio priced intraday). The estimate is derived from the fund's latest disclosed portfolio weights and live stock prices; the official price is published after the session close and may differ.
How accurate is the GMA live estimate?
Compared with the official price over the last 30 days, the live estimate of GMA was off by 1.02 points on average (13 trading days, latest October 30, 2026). Estimate coverage is 67%: only this share of the portfolio has intraday prices, so the error can be larger. Results for all funds are published on the live fund estimate track record page.
When is the GMA fund price published?
The official unit price of GMA is calculated by the founder after each session close and is usually published on TEFAS the next business morning; the latest official price on this page is dated November 2, 2026. Until the price is published, see the live estimate section for an intraday estimate.
What is the GMA fund price today?
The unit price of GMA on November 2, 2026 is TRY 2.137682, a daily return of −0.75%. Fund prices are published after each business day; see the live estimate page for an intraday estimate.
How much did GMA return over the last year?
GMA returned 35.03% over the last year, 28.23% year to date, 3.10% over 3 months and −2.06% over 1 month. Past performance does not indicate future returns.
What were the highest and lowest prices of GMA over the last year?
Between November 3, 2025 and November 2, 2026 the unit price of GMA ranged from a low of TRY 1.569390 (November 12, 2025) to a high of TRY 2.230701 (September 24, 2026). The latest price as of November 2, 2026 is TRY 2.137682.
What is the risk score of GMA?
The CMB risk score of GMA is 5 out of 7. The score reflects the historical volatility of the fund price; 1 is the lowest and 7 the highest risk.
What is the management fee of GMA?
The annual management fee of GMA is 3.20%; the purchase value date is T+1 and the redemption value date T+2. Fees are reflected in the fund price rather than charged separately.
What does GMA invest in?
The portfolio of GMA consists mainly of Stock (57.93%), Futures Cash Collateral (9.84%), Switched-Repo (9.06%). Fon'un yatırım stratejisi uyarınca; Fonun değişken fon olması sebebiyle aşağıda yer alan tabloda belirtilen varlıklara yatırım yapılarak portföy çeşitliliği sağlanması hedeflenir. Fon portföyünün yönetiminde yatırım yapılacak sermaye piyasası araçları seçilirken ağırlıklı olarak BIST'te işlem gören ortaklık payları tercih edilecektir. Bununla birlikte Kamu ve/veya özel sektör borçlanma araçlarına ve kira sertifikalarına da yer verilecektir. Portföy yöneticisi; fon portföyüne dahil edilecek ortaklık paylarının seçimini sağlamak için temel ve teknik analiz yöntemlerinden faydalanırken, borçlanma araçlarının seçiminde ise piyasa koşullarına uygun olan vade yapısı ve getiriyi göz önünde bulunduracaktır.
Which stocks does the GMA fund hold?
According to the September 2026 portfolio report, the largest holdings of GMA are AKBNK (6.20%), TRMET (4.35%), MPARK (4.25%), TOASO (4.24%), SAHOL (3.92%). All holdings and their weight changes against the previous month are on the portfolio page.
Which other funds are in the same category as GMA?
GMA belongs to the Variable Fund category. Compare the returns of all funds in the category on the category page and the overall ranking on the best funds page.