TEFASRisk 3/7Price Nov 2, 2026
Pardus Portföy İkinci İstatistiksel Arbitraj Hisse Senedi Serbest (TL) Fon (Hisse Senedi Yoğun Fon) IAU
- Fund size (Nov 2, 2026)
- TRY 1.1M
- Investors
- 188
- Management fee (annual)
- 1.50%
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: IAU Fund
- The IAU 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 IAU fund was TRY 0.148356 (November 2, 2026); no buy or redemption orders are executed.
- The IAU fund returned −94.59% over 1 month, −93.13% year to date and −92.77% over 1 year.
- The IAU fund has total assets of TRY 1.1M and 188 investors.
- The IAU fund is in the Hedge Fund category, with a CMB (SPK) risk score of 3 out of 7.
- The IAU fund was established by Pardus Portföy Yönetimi A.Ş.
What is the IAU fund?
IAU is the fund code of Pardus Portföy İkinci İstatistiksel Arbitraj Hisse Senedi Serbest (TL) Fon. It was established by Pardus Portföy Yönetimi A.Ş. The IAU fund is in the Hedge Fund category, with a CMB (SPK) risk score of 3 out of 7. The fund is in liquidation by Capital Markets Board (SPK) decision.
What is the IAU fund price and return?
The last official price of the IAU fund was TRY 0.148356 (November 2, 2026). It returned −94.59% over 1 month, −93.13% year to date and −92.77% over 1 year.
Is the IAU fund being liquidated?
Yes. The IAU 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.
IAU Fund Price Chart
Key Data
- Price
- 0.148356Nov 2, 2026
- Daily change
- 0.12%
- Trading status
- In liquidation
- Category
- Hedge Fund
- Umbrella fund
- Hedge
- Manager
- Pardus Portföy Yönetimi A.Ş.
- Risk score
- 3 / 7
- Fund size
- TRY 1.1MNov 2, 2026
- Investors
- 188
- Units outstanding
- 7.1M
- Purchase / redemption value date
- T+1 / T+2
- Min. purchase (units)
- 1
- Trading hours
- 09:00 – 17:45
- ISIN
- TRYA1PY00164
- Inception date
- Jul 28, 2023
- Benchmark
- BIST-KYD 1 Aylık Mevduat (TL) Endeksi + 150 Baz Puan
IAU Return Comparison
| Comparison | 1M | 3M | 6M | YTD | 1Y |
|---|---|---|---|---|---|
| IAU | −94.59% | −94.31% | −93.82% | −93.13% | −92.77% |
| Category average | 1.91% | 4.46% | 10.24% | 18.46% | 22.63% |
| BIST 100 | −11.29% | −19.10% | −24.61% | −3.34% | −0.78% |
| 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.
IAU Fund Review and Performance Summary
IAU returned −92.77% 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 0.137879 (October 9, 2026) to a high of TRY 2.756334 (October 7, 2026). The latest price is 94.62% below the high and 7.60% above the low.
The largest decline in the period was 95.00% (from the October 7, 2026 high to October 9, 2026). Annualized volatility based on daily price changes: 300.96%. The price rose on 196 of 250 trading days.
Monthly returns were positive in 11 of the last 12 months; best month March 2026 (3.32%), weakest month October 2026 (−94.59%).
Between November 3, 2025 and November 2, 2026 the number of investors fell 65.19%, from 540 to 188. Fund size fell from TRY 71M to TRY 1.1M over the same period.
Highest one-year returns in the category: BSM (88.67%), RBR (70.72%), GZM (67.43%).
IAU monthly returns
| Month | Month-end price (TRY) | Monthly return |
|---|---|---|
| October 2026 | 0.148183 | −94.59% |
| September 2026 | 2.738377 | 2.37% |
| August 2026 | 2.674919 | 2.52% |
| July 2026 | 2.609193 | 2.73% |
| June 2026 | 2.539745 | 2.92% |
| May 2026 | 2.467772 | 2.86% |
| April 2026 | 2.399192 | 2.80% |
| March 2026 | 2.333744 | 3.32% |
| February 2026 | 2.258824 | 2.00% |
| January 2026 | 2.214428 | 2.49% |
| December 2025 | 2.160708 | 2.81% |
| November 2025 | 2.101675 | 2.29% |
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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IAU Asset Allocation
- Deposits (TL)100.00%
IAU Largest Holdings
Net Flows
Investors
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|---|---|---|---|
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 RGHRe-Pie Portföy Mutlak Getiri Hedefli Hisse Senedi Serbest Fon | −29.73% | −19.29% | — |
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Related Pages
About the IAU Fund
SPK decided to liquidate IAU 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 0.148356. Pardus Portföy İkinci İstatistiksel Arbitraj Hisse Senedi Serbest (TL) Fon (Hisse Senedi Yoğun Fon) is a mutual fund in the Hedge Fund category founded by Pardus Portföy Yönetimi A.Ş. Fund size TRY 1.1M as of November 2, 2026, 188 investors.
Fon'un yatırım stratejisi; Borsa İstanbul'da işlem gören; ortaklık paylarında, ortaklık paylarına ait rüçhanlarda, varantlarda, vadeli işlem sözleşmeleri, opsiyon sözleşmeleri ve diğer türev araçlarda gün içinde gerçekleşebilecek fiyat uyuşmazlıklarını; piyasa yapıcılık algoritmaları ve yüksek hızlı işlem algoritmaları kullanarak ayrıca istatistiksel arbitraj fırsatlarını algoritma destekli sistemler ile değerlendirerek sermaye kazancı sağlamayı ve portföy değerinin artırmayı amaçlamaktadır. Fon, söz konusu yatırım stratejisi sonucu oluşan pozisyon risklerini uygun görülen yüksek korelasyonlu yurtiçi pay, spot/forward/swap döviz, pay vadeli, endeks vadeli, döviz vadeli olabileceği gibi, yurtdışında spot/forward/swap döviz ürünler yardımıyla hedge etmeyi amaçlamaktadır.
Last updated: Source: TEFAS
Frequently Asked Questions
Is the IAU fund open to trading?
SPK decided to liquidate IAU 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 0.148356 as of November 2, 2026.
When was the last price of IAU published?
The last official unit price of IAU is TRY 0.148356 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 IAU. 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 IAU return over the last year?
Based on the last price published on TEFAS (November 2, 2026), IAU returned −92.77% over the last year, −93.13% year to date, −94.31% over 3 months and −94.59% over 1 month. Past performance does not indicate future returns.
What were the highest and lowest prices of IAU over the last year?
Between November 3, 2025 and November 2, 2026 the unit price of IAU ranged from a low of TRY 0.137879 (October 9, 2026) to a high of TRY 2.756334 (October 7, 2026). The latest price as of November 2, 2026 is TRY 0.148356.
What is the risk score of IAU?
The CMB risk score of IAU is 3 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 IAU?
The annual management fee of IAU is 1.50%; 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 IAU invest in?
The portfolio of IAU consists mainly of Deposits (TL) (100.00%). Fon'un yatırım stratejisi; Borsa İstanbul'da işlem gören; ortaklık paylarında, ortaklık paylarına ait rüçhanlarda, varantlarda, vadeli işlem sözleşmeleri, opsiyon sözleşmeleri ve diğer türev araçlarda gün içinde gerçekleşebilecek fiyat uyuşmazlıklarını; piyasa yapıcılık algoritmaları ve yüksek hızlı işlem algoritmaları kullanarak ayrıca istatistiksel arbitraj fırsatlarını algoritma destekli sistemler ile değerlendirerek sermaye kazancı sağlamayı ve portföy değerinin artırmayı amaçlamaktadır. Fon, söz konusu yatırım stratejisi sonucu oluşan pozisyon risklerini uygun görülen yüksek korelasyonlu yurtiçi pay, spot/forward/swap döviz, pay vadeli, endeks vadeli, döviz vadeli olabileceği gibi, yurtdışında spot/forward/swap döviz ürünler yardımıyla hedge etmeyi amaçlamaktadır.
Which other funds are in the same category as IAU?
IAU 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.