TEFASRisk 1/7Price Nov 2, 2026
Hedef Portföy Para Piyasası Serbest Fon HKJ
- Fund size (Nov 2, 2026)
- TRY 3.3B
- Investors
- 1,813
- 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 (November 2, 2026). SPK bulletin 2026/60 · List of funds in liquidation
At a Glance: HKJ Fund
- The HKJ 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 HKJ fund was TRY 0.659087 (November 2, 2026); no buy or redemption orders are executed.
- The HKJ fund returned −54.72% over 1 month, −38.00% year to date and 0.00% over 1 year.
- The HKJ fund has total assets of TRY 3.3B and 1,813 investors.
- The HKJ fund is in the Hedge Fund category, with a CMB (SPK) risk score of 1 out of 7.
- The HKJ fund was established by Hedef Portföy Yönetimi A.Ş.
What is the HKJ fund?
HKJ is the fund code of Hedef Portföy Para Piyasası Serbest Fon. It was established by Hedef Portföy Yönetimi A.Ş. The HKJ fund is in the Hedge Fund category, with a CMB (SPK) risk score of 1 out of 7. The fund is in liquidation by Capital Markets Board (SPK) decision.
What is the HKJ fund price and return?
The last official price of the HKJ fund was TRY 0.659087 (November 2, 2026). It returned −54.72% over 1 month, −38.00% year to date and 0.00% over 1 year.
Is the HKJ fund being liquidated?
Yes. The HKJ 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.
HKJ Fund Price Chart
Key Data
- Price
- 0.659087Nov 2, 2026
- Daily change
- 0.07%
- Trading status
- In liquidation
- Category
- Hedge Fund
- Umbrella fund
- Hedge
- Manager
- Hedef Portföy Yönetimi A.Ş.
- Risk score
- 1 / 7
- Fund size
- TRY 3.3BNov 2, 2026
- Investors
- 1,813
- Units outstanding
- 5B
- Purchase / redemption value date
- T+0 / T+0
- Min. purchase (units)
- 1
- Trading hours
- 09:00 – 13:30
- ISIN
- TRYHDFP00789
- Benchmark
- %100 BIST- KYD 1 Aylık Mevduat TL Endeksi
HKJ Return Comparison
| Comparison | 1M | 3M | 6M | YTD | 1Y |
|---|---|---|---|---|---|
| HKJ | −54.72% | −51.99% | −46.29% | −38.00% | 0.00% |
| 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 | 323 / 324 | 317 / 324 | 313 / 324 | 311 / 324 | 262 / 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.
HKJ Fund Review and Performance Summary
HKJ returned 0.00% over the last year, ranking 262 of 302 funds in the Hedge Fund category. Over the same period: category average 22.63%, BIST 100 −0.78%.
Between November 20, 2025 and November 2, 2026 the unit price ranged from a low of TRY 0.658279 (October 26, 2026) to a high of TRY 1.467764 (October 23, 2026). The latest price is 55.10% below the high and 0.12% above the low.
The largest decline in the period was 55.15% (from the October 23, 2026 high to October 26, 2026). Annualized volatility based on daily price changes: 83.05%. The price rose on 235 of 236 trading days.
Monthly returns were positive in 10 of the last 11 months; best month December 2025 (4.69%), weakest month October 2026 (−54.74%).
Between November 20, 2025 and November 2, 2026 the number of investors rose 5,393.94%, from 33 to 1,813. Fund size grew from TRY 101.3M to TRY 3.3B over the same period.
Highest one-year returns in the category: BSM (88.67%), RBR (70.72%), GZM (67.43%).
HKJ monthly returns
| Month | Month-end price (TRY) | Monthly return |
|---|---|---|
| October 2026 | 0.658610 | −54.74% |
| September 2026 | 1.455269 | 2.44% |
| August 2026 | 1.420568 | 3.86% |
| July 2026 | 1.367770 | 3.76% |
| June 2026 | 1.318159 | 4.17% |
| May 2026 | 1.265422 | 3.11% |
| April 2026 | 1.227227 | 3.61% |
| March 2026 | 1.184421 | 3.84% |
| February 2026 | 1.140671 | 3.34% |
| January 2026 | 1.103821 | 3.84% |
| December 2025 | 1.063051 | 4.69% |
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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HKJ Asset Allocation
- Deposits (TL)79.78%
- Commercial Paper20.22%
HKJ Largest Holdings
KUYASKuyas Yatirim4.02%1.37%
Net Flows
Investors
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|---|---|---|---|
 KKLAllbatross Portföy Kısa Vadeli Katılım Serbest (TL) Fon | 3.69% | 44.69% | 55.43% |
 GKHGaranti Portföy Para Piyasası Katılım Serbest (TL) Fon | 2.92% | 36.13% | 44.40% |
 YIKYapı Kredi Portföy İkinci Para Piyasası Serbest (TL) Fon | 3.06% | 37.23% | 45.97% |
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| KDTGaranti Portföy Katılım Serbest (Döviz) Fon | 2.71% | 18.98% | 23.12% |
Related Pages
About the HKJ Fund
SPK decided to liquidate HKJ 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 0.659087. Hedef Portföy Para Piyasası Serbest Fon is a mutual fund in the Hedge Fund category founded by Hedef Portföy Yönetimi A.Ş. Fund size TRY 3.3B as of November 2, 2026, 1,813 investors.
Fon portföyünün tamamı devamlı olarak vadesine en fazla 184 gün kalmış likiditesi yüksek para ve sermaye piyasası araçlarına yatırılır. Fon portföyünün günlük olarak hesaplanan ağırlıklı ortalama vadesi en fazla 45 gündür. Portföyün ağırlıklı ortalama vadesi sermaye piyasası araçlarının ayrı ayrı ortalama vadeleri dikkate alınarak bulunur. Fon portföyüne vadeye kalan gün sayısı hesaplanamayan varlıklar dahil edilemez.
Last updated: Source: TEFAS
Frequently Asked Questions
Is the HKJ fund open to trading?
SPK decided to liquidate HKJ 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 0.659087 as of November 2, 2026.
When was the last price of HKJ published?
The last official unit price of HKJ is TRY 0.659087 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 HKJ. 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 HKJ return over the last year?
Based on the last price published on TEFAS (November 2, 2026), HKJ returned 0.00% over the last year, −38.00% year to date, −51.99% over 3 months and −54.72% over 1 month. Past performance does not indicate future returns.
What were the highest and lowest prices of HKJ over the last year?
Between November 20, 2025 and November 2, 2026 the unit price of HKJ ranged from a low of TRY 0.658279 (October 26, 2026) to a high of TRY 1.467764 (October 23, 2026). The latest price as of November 2, 2026 is TRY 0.659087.
What is the risk score of HKJ?
The CMB risk score of HKJ is 1 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 HKJ?
The annual management fee of HKJ is 1.00%; the purchase value date is T+0 and the redemption value date T+0. Fees are reflected in the fund price rather than charged separately.
What does HKJ invest in?
The portfolio of HKJ consists mainly of Deposits (TL) (79.78%), Commercial Paper (20.22%). Fon portföyünün tamamı devamlı olarak vadesine en fazla 184 gün kalmış likiditesi yüksek para ve sermaye piyasası araçlarına yatırılır. Fon portföyünün günlük olarak hesaplanan ağırlıklı ortalama vadesi en fazla 45 gündür. Portföyün ağırlıklı ortalama vadesi sermaye piyasası araçlarının ayrı ayrı ortalama vadeleri dikkate alınarak bulunur. Fon portföyüne vadeye kalan gün sayısı hesaplanamayan varlıklar dahil edilemez.
What are the largest holdings of HKJ?
According to the 2026W37 portfolio report, the largest holdings of HKJ are KUYAS (4.02%). All holdings and their weight changes against the previous month are on the portfolio page.
Which other funds are in the same category as HKJ?
HKJ 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.