TEFASRisk 1/7Price Nov 2, 2026
Hedef Portföy Para Piyasası Katılım Fonu HPH
- Fund size (Nov 2, 2026)
- TRY 1B
- Investors
- 6,593
- Management fee (annual)
- 1.25%
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: HPH Fund
- The HPH 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 HPH fund was TRY 0.618839 (November 2, 2026); no buy or redemption orders are executed.
- The HPH fund returned −74.79% over 1 month, −67.00% year to date and −64.98% over 1 year.
- The HPH fund has total assets of TRY 1B and 6,593 investors.
- The HPH fund is in the Shariah-compliant Fund category, with a CMB (SPK) risk score of 1 out of 7.
- The HPH fund was established by Hedef Portföy Yönetimi A.Ş.
What is the HPH fund?
HPH is the fund code of Hedef Portföy Para Piyasası Katılım Fonu. It was established by Hedef Portföy Yönetimi A.Ş. The HPH fund is in the Shariah-compliant 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 HPH fund price and return?
The last official price of the HPH fund was TRY 0.618839 (November 2, 2026). It returned −74.79% over 1 month, −67.00% year to date and −64.98% over 1 year.
Is the HPH fund being liquidated?
Yes. The HPH 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.
HPH Fund Price Chart
Key Data
- Price
- 0.618839Nov 2, 2026
- Daily change
- 0.09%
- Trading status
- In liquidation
- Category
- Shariah-compliant Fund
- Umbrella fund
- Participation
- Manager
- Hedef Portföy Yönetimi A.Ş.
- Risk score
- 1 / 7
- Fund size
- TRY 1BNov 2, 2026
- Investors
- 6,593
- Units outstanding
- 1.7B
- Purchase / redemption value date
- T+0 / T+0
- Min. purchase (units)
- 1
- Trading hours
- 09:00 – 13:30
- ISIN
- TRYHDFP00839
- Inception date
- Jul 2, 2024
- Benchmark
- %5 BIST-KYD Kamu Kira Sertifikaları Endeksi + %5 BIST-KYD Özel Sektör Kira Sertifikaları Endeksi + %90 BIST-KYD 1 Aylık Kar Payı (TL) Endeksi
HPH Return Comparison
| Comparison | 1M | 3M | 6M | YTD | 1Y |
|---|---|---|---|---|---|
| HPH | −74.79% | −73.48% | −70.80% | −67.00% | −64.98% |
| Category average | −2.64% | 3.73% | 11.07% | 26.58% | 34.27% |
| BIST 100 | −11.29% | −19.10% | −24.61% | −3.34% | −0.78% |
| Category rank | 73 / 73 | 73 / 73 | 73 / 73 | 73 / 73 | 68 / 68 |
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.
HPH Fund Review and Performance Summary
HPH returned −64.98% over the last year, ranking 68 of 68 funds in the Shariah-compliant Fund category. Over the same period: category average 34.27%, BIST 100 −0.78%.
Between November 3, 2025 and November 2, 2026 the unit price ranged from a low of TRY 0.617690 (October 27, 2026) to a high of TRY 2.474911 (October 23, 2026). The latest price is 75.00% below the high and 0.19% above the low.
The largest decline in the period was 75.04% (from the October 23, 2026 high to October 27, 2026). Annualized volatility based on daily price changes: 131.09%. The price rose on 246 of 249 trading days.
Monthly returns were positive in 11 of the last 12 months; best month June 2026 (3.85%), weakest month October 2026 (−74.79%).
Between November 3, 2025 and November 2, 2026 the number of investors fell 32.94%, from 9,832 to 6,593. Fund size fell from TRY 11.5B to TRY 1B over the same period.
Highest one-year returns in the category: CPU (57.75%), KNJ (56.01%), BTK (53.08%).
HPH monthly returns
| Month | Month-end price (TRY) | Monthly return |
|---|---|---|
| October 2026 | 0.618304 | −74.79% |
| September 2026 | 2.452763 | 2.35% |
| August 2026 | 2.396526 | 2.75% |
| July 2026 | 2.332412 | 3.05% |
| June 2026 | 2.263461 | 3.85% |
| May 2026 | 2.179565 | 2.83% |
| April 2026 | 2.119528 | 3.24% |
| March 2026 | 2.052943 | 3.38% |
| February 2026 | 1.985742 | 2.79% |
| January 2026 | 1.931831 | 3.02% |
| December 2025 | 1.875227 | 3.42% |
| November 2025 | 1.813278 | 2.93% |
This summary is calculated automatically from TEFAS price history and category data; it is not investment advice. Past performance does not indicate future returns.
Add HPH to your watchlist
Follow this fund and the other funds you hold in one list with a free account.
- Follow funds and stocks in one watchlist
HPH Asset Allocation
- Private Sector Lease Certificates93.07%
- Other3.60%
- Investment Fund Participation Shares3.33%
HPH Largest Holdings
Net Flows
Investors
Similar Funds
| Fund | 1 month | YTD | 1 year |
|---|---|---|---|
 KNJKuveyt Türk Portföy Enerji Katılım Fonu | 3.56% | 48.67% | 56.01% |
 ZPFZiraat Portföy Katılım Fonu (Döviz) | 2.58% | 19.26% | 23.52% |
 CPUAktif Portföy Teknoloji Katılım Fonu | −4.81% | 54.23% | 57.75% |
 DPKDeniz Portföy Kira Sertifikaları Katılım (TL) Fonu | 3.05% | 33.51% | 41.62% |
 NSPNurol Portföy Para Piyasası Katılım Fonu | 3.10% | 37.28% | 45.77% |
Related Pages
About the HPH Fund
SPK decided to liquidate HPH 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 0.618839. Hedef Portföy Para Piyasası Katılım Fonu is a mutual fund in the Shariah-compliant Fund category founded by Hedef Portföy Yönetimi A.Ş. Fund size TRY 1B as of November 2, 2026, 6,593 investors.
Fon'un yatırım stratejisi çerçevesinde, Fon toplam değerinin tamamı devamlı olarak vadesine en fazla 184 gün kalmış likiditesi yüksek katılım finans esasları ile uyumlu para ve sermaye piyasası araçlarına yatırılır ve fon portföyünün günlük olarak hesaplanan ağırlıklı ortalama vadesi 45 günü aşamaz. Fon portföyüne vadeye kalan gün sayısı hesaplanamayan varlıklar dahil edilemez.
Last updated: Source: TEFAS
Frequently Asked Questions
Is the HPH fund open to trading?
SPK decided to liquidate HPH 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 0.618839 as of November 2, 2026.
When was the last price of HPH published?
The last official unit price of HPH is TRY 0.618839 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 HPH. 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 HPH return over the last year?
Based on the last price published on TEFAS (November 2, 2026), HPH returned −64.98% over the last year, −67.00% year to date, −73.48% over 3 months and −74.79% over 1 month. Past performance does not indicate future returns.
What were the highest and lowest prices of HPH over the last year?
Between November 3, 2025 and November 2, 2026 the unit price of HPH ranged from a low of TRY 0.617690 (October 27, 2026) to a high of TRY 2.474911 (October 23, 2026). The latest price as of November 2, 2026 is TRY 0.618839.
What is the risk score of HPH?
The CMB risk score of HPH 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 HPH?
The annual management fee of HPH is 1.25%; 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 HPH invest in?
The portfolio of HPH consists mainly of Private Sector Lease Certificates (93.07%), Other (3.60%), Investment Fund Participation Shares (3.33%). Fon'un yatırım stratejisi çerçevesinde, Fon toplam değerinin tamamı devamlı olarak vadesine en fazla 184 gün kalmış likiditesi yüksek katılım finans esasları ile uyumlu para ve sermaye piyasası araçlarına yatırılır ve fon portföyünün günlük olarak hesaplanan ağırlıklı ortalama vadesi 45 günü aşamaz. Fon portföyüne vadeye kalan gün sayısı hesaplanamayan varlıklar dahil edilemez.
Which other funds are in the same category as HPH?
HPH belongs to the Shariah-compliant Fund category. Compare the returns of all funds in the category on the category page and the overall ranking on the best funds page.