TEFASRisk 7/7Price Oct 21, 2026
Hedef Portföy Doruk Hisse Senedi Serbest (TL) Fon (Hisse Senedi Yoğun Fon) HBV
- Fund size (Oct 21, 2026)
- TRY 1.1B
- Investors
- 17
- Management fee (annual)
- 1.00%
The Capital Markets Board (SPK) decided to liquidate this fund in bulletin 2026/60 dated September 17, 2026; the liquidation list was updated by bulletin 2026/61. No buy or redemption orders are executed in the fund; no live estimate is produced. Prices and returns are based on the last price published on TEFAS (October 21, 2026). SPK bulletin 2026/60 · List of funds in liquidation
At a Glance: HBV Fund
- The HBV fund is on the liquidation list of Capital Markets Board (SPK) bulletin 2026/60 dated September 17, 2026. Liquidated funds
- According to Yatırımcı.AI data, the last official price of the HBV fund was TRY 18.989530 (October 21, 2026); no buy or redemption orders are executed.
- The HBV fund returned 83.77% year to date.
- The HBV fund has total assets of TRY 1.1B and 17 investors.
- The HBV fund is in the Hedge Fund category, with a CMB (SPK) risk score of 7 out of 7.
- The HBV fund was established by Hedef Portföy Yönetimi A.Ş.
What is the HBV fund?
HBV is the fund code of Hedef Portföy Doruk Hisse Senedi Serbest (TL) Fon. It was established by Hedef Portföy Yönetimi A.Ş. The HBV fund is in the Hedge Fund category, with a CMB (SPK) risk score of 7 out of 7. The fund is in liquidation by Capital Markets Board (SPK) decision.
What is the HBV fund price and return?
The last official price of the HBV fund was TRY 18.989530 (October 21, 2026). It returned 83.77% year to date.
Is the HBV fund being liquidated?
Yes. The HBV fund is on the liquidation list of Capital Markets Board (SPK) bulletin 2026/60 dated September 17, 2026; no buy or redemption orders are executed. All liquidated funds are listed on the Yatırımcı.AI liquidated funds page.
HBV Fund Price Chart
Key Data
- Price
- 18.989530Oct 21, 2026
- Daily change
- 3.39%
- Trading status
- In liquidation
- Category
- Hedge Fund
- Umbrella fund
- Hedge
- Manager
- Hedef Portföy Yönetimi A.Ş.
- Risk score
- 7 / 7
- Fund size
- TRY 1.1BOct 21, 2026
- Investors
- 17
- Units outstanding
- 57.6M
- ISIN
- TRYHDFP00268
- Inception date
- Apr 11, 2022
- Benchmark
- %80 BIST 100 Getiri Endeksi + %20 BIST-KYD 1 Aylık Mevduat TL Endeksi
HBV Return Comparison
| Comparison | 1M | 3M | 6M | YTD | 1Y |
|---|---|---|---|---|---|
| HBV | — | — | — | 83.77% | — |
| Category average | 1.91% | 4.46% | 10.24% | 18.46% | 22.63% |
| BIST 100 | −11.29% | −19.10% | −24.61% | −3.34% | −0.78% |
Returns are calculated from the last price published on TEFAS (October 21, 2026). The amount paid to investors in liquidation depends on the cash raised from selling the portfolio and may differ from these returns.
HBV Fund Review and Performance Summary
Between October 21, 2025 and October 21, 2026 the unit price ranged from a low of TRY 10.333091 (December 31, 2025) to a high of TRY 21.935009 (September 11, 2026). The latest price is 13.43% below the high and 83.77% above the low.
The largest decline in the period was 23.43% (from the September 11, 2026 high to September 29, 2026). Annualized volatility based on daily price changes: 43.94%. The price rose on 126 of 250 trading days.
Monthly returns were positive in 8 of the last 12 months; best month March 2026 (30.60%), weakest month September 2026 (−14.80%).
Between October 21, 2025 and October 21, 2026 the number of investors fell 34.62%, from 26 to 17. Fund size grew from TRY 636M to TRY 1.1B over the same period.
Highest one-year returns in the category: BSM (88.67%), RBR (70.72%), GZM (67.43%).
HBV monthly returns
| Month | Month-end price (TRY) | Monthly return |
|---|---|---|
| September 2026 | 16.812694 | −14.80% |
| August 2026 | 19.733158 | 2.58% |
| July 2026 | 19.237296 | 4.60% |
| June 2026 | 18.392084 | 11.50% |
| May 2026 | 16.495861 | 4.70% |
| April 2026 | 15.755729 | 5.47% |
| March 2026 | 14.938604 | 30.60% |
| February 2026 | 11.438342 | −2.04% |
| January 2026 | 11.676726 | 13.00% |
| December 2025 | 10.333091 | −3.38% |
| November 2025 | 10.694912 | −3.63% |
| October 2025 | 11.097949 | 3.91% |
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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HBV Asset Allocation
- Deposits (TL)100.00%
HBV Largest Holdings
Net Flows
Investors
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 IJTİş Portföy Tarım Serbest Fon | −4.76% | 18.45% | 18.62% |
 VPPVega Portföy Parla Serbest (Döviz) Fon | 2.65% | 34.54% | — |
 ZCDZiraat Portföy Altıncı Serbest (TL) Fon | −4.17% | −6.25% | −2.05% |
Related Pages
About the HBV Fund
SPK decided to liquidate HBV in bulletin 2026/60 dated September 17, 2026; the liquidation list was updated by bulletin 2026/61. No buy or redemption orders are executed in the fund. Last price published on TEFAS (October 21, 2026): TRY 18.989530. Hedef Portföy Doruk Hisse Senedi Serbest (TL) Fon (Hisse Senedi Yoğun Fon) is a mutual fund in the Hedge Fund category founded by Hedef Portföy Yönetimi A.Ş. Fund size TRY 1.1B as of October 21, 2026, 17 investors.
Fonun amacı, uzun vadeli olarak mutlak getiri sağlamaktır. Bu amaca ulaşmak için, Türkiye ve global piyasalar analiz edilerek yatırım öngörüsü oluşturulacak ve bu doğrultuda pozisyon alınacaktır. Fonun yapacağı yatırımlar, yönlü (market directional), mutlak getirili (non-directional ve arbitrage) ve benzeri (piyasa hareketlerinden etkilenmeyen) işlemlerden oluşabilir.
Last updated: Source: TEFAS
Frequently Asked Questions
Is the HBV fund open to trading?
SPK decided to liquidate HBV in bulletin 2026/60 dated September 17, 2026; the liquidation list was updated by bulletin 2026/61. No buy or redemption orders are executed in the fund. The last price published on TEFAS is TRY 18.989530 as of October 21, 2026.
When was the last price of HBV published?
The last official unit price of HBV is TRY 18.989530 as of October 21, 2026. Returns on this page are calculated from this price.
What does fund liquidation mean?
Liquidation means the assets in the fund portfolio are sold, the cash raised is transferred to investors in proportion to their units and the fund is wound up. Under SPK bulletin 2026/61, T.C. Ziraat Bankası A.Ş. carries out the liquidation of HBV. The maximum liquidation period of 3 months set in 2026/61 was extended to 6 months by bulletin 2026/62; the period runs from the liquidation announcement date and the Board may extend it.
What were the highest and lowest prices of HBV over the last year?
Between October 21, 2025 and October 21, 2026 the unit price of HBV ranged from a low of TRY 10.333091 (December 31, 2025) to a high of TRY 21.935009 (September 11, 2026). The latest price as of October 21, 2026 is TRY 18.989530.
What is the risk score of HBV?
The CMB risk score of HBV is 7 out of 7. The score reflects the historical volatility of the fund price; 1 is the lowest and 7 the highest risk.
What does HBV invest in?
The portfolio of HBV consists mainly of Deposits (TL) (100.00%). Fonun amacı, uzun vadeli olarak mutlak getiri sağlamaktır. Bu amaca ulaşmak için, Türkiye ve global piyasalar analiz edilerek yatırım öngörüsü oluşturulacak ve bu doğrultuda pozisyon alınacaktır. Fonun yapacağı yatırımlar, yönlü (market directional), mutlak getirili (non-directional ve arbitrage) ve benzeri (piyasa hareketlerinden etkilenmeyen) işlemlerden oluşabilir.
Which other funds are in the same category as HBV?
HBV belongs to the Hedge Fund category. Compare the returns of all funds in the category on the category page and the overall ranking on the best funds page.