TEFASRisk 7/7Price Oct 20, 2026
Hedef Portföy Ada Hisse Senedi Serbest (TL) Fon (Hisse Senedi Yoğun Fon) HLR
- Fund size (Oct 20, 2026)
- TRY 587.2M
- Investors
- 13
- 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 20, 2026). SPK bulletin 2026/60 · List of funds in liquidation
At a Glance: HLR Fund
- The HLR 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 HLR fund was TRY 27.158338 (October 20, 2026); no buy or redemption orders are executed.
- The HLR fund returned −81.15% year to date.
- The HLR fund has total assets of TRY 587.2M and 13 investors.
- The HLR fund is in the Hedge Fund category, with a CMB (SPK) risk score of 7 out of 7.
- The HLR fund was established by Hedef Portföy Yönetimi A.Ş.
What is the HLR fund?
HLR is the fund code of Hedef Portföy Ada Hisse Senedi Serbest (TL) Fon. It was established by Hedef Portföy Yönetimi A.Ş. The HLR 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 HLR fund price and return?
The last official price of the HLR fund was TRY 27.158338 (October 20, 2026). It returned −81.15% year to date.
Is the HLR fund being liquidated?
Yes. The HLR 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.
HLR Fund Price Chart
Key Data
- Price
- 27.158338Oct 20, 2026
- Daily change
- 11.77%
- Trading status
- In liquidation
- Category
- Hedge Fund
- Umbrella fund
- Hedge
- Manager
- Hedef Portföy Yönetimi A.Ş.
- Risk score
- 7 / 7
- Fund size
- TRY 587.2MOct 20, 2026
- Investors
- 13
- Units outstanding
- 21.6M
- ISIN
- TRYHDFP00185
- Inception date
- Oct 13, 2021
- Benchmark
- %80 BIST 100 Getiri Endeksi + %20 BIST-KYD 1 Aylık Mevduat TL
HLR Return Comparison
| Comparison | 1M | 3M | 6M | YTD | 1Y |
|---|---|---|---|---|---|
| HLR | — | — | — | −81.15% | — |
| 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 20, 2026). The amount paid to investors in liquidation depends on the cash raised from selling the portfolio and may differ from these returns.
HLR Fund Review and Performance Summary
Between October 20, 2025 and October 20, 2026 the unit price ranged from a low of TRY 22.784355 (October 8, 2026) to a high of TRY 260.337642 (May 14, 2026). The latest price is 89.57% below the high and 19.20% above the low.
The largest decline in the period was 91.25% (from the May 14, 2026 high to October 8, 2026). Annualized volatility based on daily price changes: 78.73%. The price rose on 138 of 250 trading days.
Monthly returns were positive in 8 of the last 12 months; best month July 2026 (30.96%), weakest month September 2026 (−64.55%).
Between October 20, 2025 and October 20, 2026 the number of investors fell 45.83%, from 24 to 13. Fund size fell from TRY 4.5B to TRY 587.2M over the same period.
Highest one-year returns in the category: BSM (88.67%), RBR (70.72%), GZM (67.43%).
HLR monthly returns
| Month | Month-end price (TRY) | Monthly return |
|---|---|---|
| September 2026 | 41.116781 | −64.55% |
| August 2026 | 115.984305 | −8.78% |
| July 2026 | 127.150724 | 30.96% |
| June 2026 | 97.090876 | −55.50% |
| May 2026 | 218.180104 | −8.81% |
| April 2026 | 239.258268 | 27.12% |
| March 2026 | 188.216759 | 3.27% |
| February 2026 | 182.251786 | 25.41% |
| January 2026 | 145.329784 | 0.86% |
| December 2025 | 144.090627 | 11.55% |
| November 2025 | 129.176182 | 2.68% |
| October 2025 | 125.802528 | 1.35% |
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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HLR Asset Allocation
- Deposits (TL)93.25%
- Investment Fund Participation Shares6.75%
HLR Largest Holdings
Net Flows
Investors
Similar Funds
| Fund | 1 month | YTD | 1 year |
|---|---|---|---|
 VPSVega Portföy Salur Hisse Senedi Serbest (TL) Fon | −9.68% | −34.55% | — |
 HYPAzimut Portföy İvme Serbest Fon | 3.15% | 40.19% | 40.99% |
 FPGFiba Portföy Gümüş Serbest Fon | −16.12% | −24.16% | 15.17% |
 YBHYapı Kredi Portföy 5-15 Yıl Vadeli Serbest (Döviz) Fon | 4.44% | 15.09% | 20.68% |
 GZMGlobal MD Portföy Duru Serbest Fon | 4.21% | 77.55% | 67.43% |
Related Pages
About the HLR Fund
SPK decided to liquidate HLR 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 20, 2026): TRY 27.158338. Hedef Portföy Ada 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 587.2M as of October 20, 2026, 13 investors.
Fon'un yatırım stratejisi Sermaye Piyasası Kurulu'nun ilgili Tebliğ'inin hükümleri çerçevesinde nitelikli yatırımcılara satılacak serbest fon statüsündedir. Fon portföyüne alınacak finansal varlıklar Kurul'un düzenlemelerine ve bu izahnamede belirtilen esaslara uygun olarak seçilir ve portföy yöneticisi tarafından mevzuata uygun olarak yönetilir. Fon portföyünde yalnızca Türk lirası cinsinden varlıklar ve işlemler yer alacaktır. Fon portföyünde yabancı para birimi cinsinden varlık ve altın ile diğer kıymetli madenler ve bunlara dayalı sermaye piyasası araçları bulunmayacaktır. Ayrıca, fon portföyünde yabancı para birimi cinsinden varlık ve altın ile diğer kıymetli madenler ve bunlara dayalı sermaye piyasası araçlarına yönelik organize ve tezgahüstü türev araçlara yer verilmeyecektir.
Last updated: Source: TEFAS
Frequently Asked Questions
Is the HLR fund open to trading?
SPK decided to liquidate HLR 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 27.158338 as of October 20, 2026.
When was the last price of HLR published?
The last official unit price of HLR is TRY 27.158338 as of October 20, 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 HLR. 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 HLR over the last year?
Between October 20, 2025 and October 20, 2026 the unit price of HLR ranged from a low of TRY 22.784355 (October 8, 2026) to a high of TRY 260.337642 (May 14, 2026). The latest price as of October 20, 2026 is TRY 27.158338.
What is the risk score of HLR?
The CMB risk score of HLR 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 HLR invest in?
The portfolio of HLR consists mainly of Deposits (TL) (93.25%), Investment Fund Participation Shares (6.75%). Fon'un yatırım stratejisi Sermaye Piyasası Kurulu'nun ilgili Tebliğ'inin hükümleri çerçevesinde nitelikli yatırımcılara satılacak serbest fon statüsündedir. Fon portföyüne alınacak finansal varlıklar Kurul'un düzenlemelerine ve bu izahnamede belirtilen esaslara uygun olarak seçilir ve portföy yöneticisi tarafından mevzuata uygun olarak yönetilir. Fon portföyünde yalnızca Türk lirası cinsinden varlıklar ve işlemler yer alacaktır. Fon portföyünde yabancı para birimi cinsinden varlık ve altın ile diğer kıymetli madenler ve bunlara dayalı sermaye piyasası araçları bulunmayacaktır. Ayrıca, fon portföyünde yabancı para birimi cinsinden varlık ve altın ile diğer kıymetli madenler ve bunlara dayalı sermaye piyasası araçlarına yönelik organize ve tezgahüstü türev araçlara yer verilmeyecektir.
Which other funds are in the same category as HLR?
HLR 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.