TEFASRisk 2/7Price Nov 2, 2026
Hedef Portföy Dördüncü İstatistiksel Arbitraj Hisse Senedi Serbest (TL) Fon (Hisse Senedi Yoğun Fon) HDA
- Fund size (Nov 2, 2026)
- TRY 7.4M
- Investors
- 480
- Management fee (annual)
- 3.50%
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 (November 2, 2026). SPK bulletin 2026/60 · List of funds in liquidation
At a Glance: HDA Fund
- The HDA 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 HDA fund was TRY 0.305746 (November 2, 2026); no buy or redemption orders are executed.
- The HDA fund returned −90.49% over 1 month, −88.13% year to date and −87.50% over 1 year.
- The HDA fund has total assets of TRY 7.4M and 480 investors.
- The HDA fund is in the Hedge Fund category, with a CMB (SPK) risk score of 2 out of 7.
- The HDA fund was established by Hedef Portföy Yönetimi A.Ş.
What is the HDA fund?
HDA is the fund code of Hedef Portföy Dördüncü İstatistiksel Arbitraj Hisse Senedi Serbest (TL) Fon. It was established by Hedef Portföy Yönetimi A.Ş. The HDA fund is in the Hedge Fund category, with a CMB (SPK) risk score of 2 out of 7. The fund is in liquidation by Capital Markets Board (SPK) decision.
What is the HDA fund price and return?
The last official price of the HDA fund was TRY 0.305746 (November 2, 2026). It returned −90.49% over 1 month, −88.13% year to date and −87.50% over 1 year.
Is the HDA fund being liquidated?
Yes. The HDA 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.
HDA Fund Price Chart
Key Data
- Price
- 0.305746Nov 2, 2026
- Daily change
- 0.14%
- Trading status
- In liquidation
- Category
- Hedge Fund
- Umbrella fund
- Hedge
- Manager
- Hedef Portföy Yönetimi A.Ş.
- Risk score
- 2 / 7
- Fund size
- TRY 7.4MNov 2, 2026
- Investors
- 480
- Units outstanding
- 24.2M
- Purchase / redemption value date
- T+1 / T+2
- Min. purchase (units)
- 1
- Trading hours
- 09:00 – 17:45
- ISIN
- TRYHDFP00557
- Inception date
- Oct 3, 2023
- Benchmark
- BIST-KYD 1 Aylık TL Mevduat Endeksi + 150 baz puan
HDA Return Comparison
| Comparison | 1M | 3M | 6M | YTD | 1Y |
|---|---|---|---|---|---|
| HDA | −90.49% | −90.08% | −89.27% | −88.13% | −87.50% |
| Category average | 1.91% | 4.46% | 10.24% | 18.46% | 22.63% |
| BIST 100 | −11.29% | −19.10% | −24.61% | −3.34% | −0.78% |
| Category rank | 324 / 324 | 324 / 324 | 324 / 324 | 323 / 324 | 301 / 302 |
Returns are calculated from the last price published on TEFAS (November 2, 2026). The amount paid to investors in liquidation depends on the cash raised from selling the portfolio and may differ from these returns.
HDA Fund Review and Performance Summary
HDA returned −87.50% over the last year, ranking 301 of 302 funds in the Hedge Fund category. Over the same period: category average 22.63%, BIST 100 −0.78%.
Between November 3, 2025 and November 2, 2026 the unit price ranged from a low of TRY 0.304731 (October 26, 2026) to a high of TRY 3.240929 (October 20, 2026). The latest price is 90.57% below the high and 0.33% above the low.
The largest decline in the period was 90.60% (from the October 20, 2026 high to October 26, 2026). Annualized volatility based on daily price changes: 237.53%. The price rose on 189 of 249 trading days.
Monthly returns were positive in 11 of the last 12 months; best month March 2026 (2.95%), weakest month October 2026 (−90.49%).
Between November 3, 2025 and November 2, 2026 the number of investors fell 62.47%, from 1,279 to 480. Fund size fell from TRY 669.3M to TRY 7.4M over the same period.
Highest one-year returns in the category: BSM (88.67%), RBR (70.72%), GZM (67.43%).
HDA monthly returns
| Month | Month-end price (TRY) | Monthly return |
|---|---|---|
| October 2026 | 0.305321 | −90.49% |
| September 2026 | 3.210418 | 2.03% |
| August 2026 | 3.146568 | 2.22% |
| July 2026 | 3.078122 | 2.50% |
| June 2026 | 3.002977 | 2.55% |
| May 2026 | 2.928370 | 2.76% |
| April 2026 | 2.849756 | 2.73% |
| March 2026 | 2.774083 | 2.95% |
| February 2026 | 2.694679 | 2.18% |
| January 2026 | 2.637129 | 2.41% |
| December 2025 | 2.575107 | 2.91% |
| November 2025 | 2.502301 | 2.30% |
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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HDA Asset Allocation
- Deposits (TL)75.70%
- Investment Fund Participation Shares24.30%
HDA Largest Holdings
AKBNKAkbank86.37%1.46%
Net Flows
Investors
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Related Pages
About the HDA Fund
SPK decided to liquidate HDA 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 (November 2, 2026): TRY 0.305746. Hedef Portföy Dördüncü İstatistiksel Arbitraj 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 7.4M as of November 2, 2026, 480 investors.
Fon'un hisse senedi yoğun fon olması nedeniyle Fon portföy değerinin en az %80'i devamlı olarak menkul kıymet yatırım ortaklıkları payları hariç olmak üzere BIST'te işlem gören ihraççı payları, ihraççı paylarına ve ihraççı payı endekslerine dayalı olarak yapılan vadeli işlem sözleşmelerinin nakit teminatları, ihraççı paylarına ve ihraççı payına dayalı opsiyon sözleşmelerinin primleri ile borsada işlem gören ihraççı paylarına ve ihraççı payına dayalı aracı kuruluş varantlarına ve ihraççı paylarından oluşan endeksleri 27/11/2013 tarihli ve 28834 sayılı Resmi Gazete'de yayımlanan Borsa Yatırım Fonlarına İlişkin Esaslar Tebliği (III-52.2)'nin 5 inci maddesinin dördüncü fıkrasının (a) bendi kapsamında takip etmek üzere kurulan borsa yatırım fonu paylarına yatırılır.
Last updated: Source: TEFAS
Frequently Asked Questions
Is the HDA fund open to trading?
SPK decided to liquidate HDA 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 0.305746 as of November 2, 2026.
When was the last price of HDA published?
The last official unit price of HDA is TRY 0.305746 as of November 2, 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 HDA. 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.
How much did HDA return over the last year?
Based on the last price published on TEFAS (November 2, 2026), HDA returned −87.50% over the last year, −88.13% year to date, −90.08% over 3 months and −90.49% over 1 month. Past performance does not indicate future returns.
What were the highest and lowest prices of HDA over the last year?
Between November 3, 2025 and November 2, 2026 the unit price of HDA ranged from a low of TRY 0.304731 (October 26, 2026) to a high of TRY 3.240929 (October 20, 2026). The latest price as of November 2, 2026 is TRY 0.305746.
What is the risk score of HDA?
The CMB risk score of HDA is 2 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 HDA?
The annual management fee of HDA is 3.50%; 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 HDA invest in?
The portfolio of HDA consists mainly of Deposits (TL) (75.70%), Investment Fund Participation Shares (24.30%). Fon'un hisse senedi yoğun fon olması nedeniyle Fon portföy değerinin en az %80'i devamlı olarak menkul kıymet yatırım ortaklıkları payları hariç olmak üzere BIST'te işlem gören ihraççı payları, ihraççı paylarına ve ihraççı payı endekslerine dayalı olarak yapılan vadeli işlem sözleşmelerinin nakit teminatları, ihraççı paylarına ve ihraççı payına dayalı opsiyon sözleşmelerinin primleri ile borsada işlem gören ihraççı paylarına ve ihraççı payına dayalı aracı kuruluş varantlarına ve ihraççı paylarından oluşan endeksleri 27/11/2013 tarihli ve 28834 sayılı Resmi Gazete'de yayımlanan Borsa Yatırım Fonlarına İlişkin Esaslar Tebliği (III-52.2)'nin 5 inci maddesinin dördüncü fıkrasının (a) bendi kapsamında takip etmek üzere kurulan borsa yatırım fonu paylarına yatırılır.
What are the largest holdings of HDA?
According to the 2026W36 portfolio report, the largest holdings of HDA are AKBNK (86.37%). All holdings and their weight changes against the previous month are on the portfolio page.
Which other funds are in the same category as HDA?
HDA 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.