TEFASRisk 2/7Price Nov 2, 2026
Hedef Portföy Kısa Vadeli Serbest (TL) Fon KSA
- Fund size (Nov 2, 2026)
- TRY 3.5B
- Investors
- 3,894
- Management fee (annual)
- 2.25%
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: KSA Fund
- The KSA 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 KSA fund was TRY 1.167383 (November 2, 2026); no buy or redemption orders are executed.
- The KSA fund returned −72.70% over 1 month, −63.13% year to date and −60.61% over 1 year.
- The KSA fund has total assets of TRY 3.5B and 3,894 investors.
- The KSA fund is in the Hedge Fund category, with a CMB (SPK) risk score of 2 out of 7.
- The KSA fund was established by Hedef Portföy Yönetimi A.Ş.
What is the KSA fund?
KSA is the fund code of Hedef Portföy Kısa Vadeli Serbest (TL) Fon. It was established by Hedef Portföy Yönetimi A.Ş. The KSA 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 KSA fund price and return?
The last official price of the KSA fund was TRY 1.167383 (November 2, 2026). It returned −72.70% over 1 month, −63.13% year to date and −60.61% over 1 year.
Is the KSA fund being liquidated?
Yes. The KSA 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.
KSA Fund Price Chart
Key Data
- Price
- 1.167383Nov 2, 2026
- Daily change
- 0.06%
- Trading status
- In liquidation
- Category
- Hedge Fund
- Umbrella fund
- Hedge
- Manager
- Hedef Portföy Yönetimi A.Ş.
- Risk score
- 2 / 7
- Fund size
- TRY 3.5BNov 2, 2026
- Investors
- 3,894
- Units outstanding
- 3B
- Purchase / redemption value date
- T+0 / T+0
- Min. purchase (units)
- 1
- Trading hours
- 09:00 – 13:30
- ISIN
- TRYHDFP00565
- Inception date
- Jun 19, 2023
- Benchmark
- %80 BIST-KYD 1 Aylık Mevduat TL Endeksi + %20 BISTKYD Repo (Brüt) Endeksi'
KSA Return Comparison
| Comparison | 1M | 3M | 6M | YTD | 1Y |
|---|---|---|---|---|---|
| KSA | −72.70% | −71.02% | −67.74% | −63.13% | −60.61% |
| 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 | 322 / 324 | 319 / 324 | 318 / 324 | 293 / 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.
KSA Fund Review and Performance Summary
KSA returned −60.61% over the last year, ranking 293 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 1.165359 (October 26, 2026) to a high of TRY 4.320787 (October 22, 2026). The latest price is 72.98% below the high and 0.17% above the low.
The largest decline in the period was 73.03% (from the October 22, 2026 high to October 26, 2026). Annualized volatility based on daily price changes: 131.87%. The price rose on 246 of 249 trading days.
Monthly returns were positive in 11 of the last 12 months; best month June 2026 (4.05%), weakest month October 2026 (−72.70%).
Between November 3, 2025 and November 2, 2026 the number of investors rose 15.14%, from 3,382 to 3,894. Fund size fell from TRY 9.7B to TRY 3.5B over the same period.
Highest one-year returns in the category: BSM (88.67%), RBR (70.72%), GZM (67.43%).
KSA monthly returns
| Month | Month-end price (TRY) | Monthly return |
|---|---|---|
| October 2026 | 1.166713 | −72.70% |
| September 2026 | 4.273193 | 2.71% |
| August 2026 | 4.160504 | 3.64% |
| July 2026 | 4.014424 | 3.60% |
| June 2026 | 3.875037 | 4.05% |
| May 2026 | 3.724220 | 2.92% |
| April 2026 | 3.618550 | 3.45% |
| March 2026 | 3.497905 | 3.65% |
| February 2026 | 3.374668 | 3.17% |
| January 2026 | 3.270906 | 3.31% |
| December 2025 | 3.166253 | 3.64% |
| November 2025 | 3.054925 | 3.44% |
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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KSA Asset Allocation
- Commercial Paper69.11%
- Deposits (TL)10.02%
- Corporate Bond7.35%
- Takasbank Money Market7.34%
- Private Sector Lease Certificates6.18%
KSA Largest Holdings
Net Flows
Investors
Similar Funds
| Fund | 1 month | YTD | 1 year |
|---|---|---|---|
 KNIAzimut Portföy İkinci Para Piyasası Serbest (TL) Fon | 2.77% | 34.92% | 42.89% |
 NCSNurol Portföy Üçüncü Serbest (Döviz) Fon | 2.24% | 21.11% | 24.90% |
 YIKYapı Kredi Portföy İkinci Para Piyasası Serbest (TL) Fon | 3.06% | 37.23% | 45.97% |
 KKLAllbatross Portföy Kısa Vadeli Katılım Serbest (TL) Fon | 3.69% | 44.69% | 55.43% |
 VNKVega Portföy Anka Serbest Fon | 1.87% | 22.66% | 34.44% |
Related Pages
About the KSA Fund
SPK decided to liquidate KSA 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 1.167383. Hedef Portföy Kısa Vadeli Serbest (TL) Fon is a mutual fund in the Hedge Fund category founded by Hedef Portföy Yönetimi A.Ş. Fund size TRY 3.5B as of November 2, 2026, 3,894 investors.
Fon portföyünde TL cinsinden olması koşuluyla; kamu ve özel sektör borçlanma araçları, Takasbank para piyasası işlemleri ve yurt içi organize para piyasası işlemleri, Türkiye Cumhuriyet Merkez Bankası (TCMB), Hazine ve İpotek Finansmanı Kuruluşları tarafından ihraç edilen para ve sermaye piyasası araçları, kamu ve/veya özel sektör tarafından ihraç edilen kira sertifikaları ile varlığa/ipoteğe dayalı menkul kıymetler ve/veya ipotek ve varlık teminatlı menkul kıymetler, yurt dışında ihraç olan TL cinsi menkul kıymetler, gelir ortaklığı senetleri, yapılandırılmış yatırım araçları, varantlar, sertifikalar, para piyasası enstrümanları ile organize piyasalarda veya borsa dışında repo ve ters repo yer alabilir. Portföyün vadeli/vadesiz mevduatta veya katılma hesaplarında değerlendirilmesi de söz konusu olabilecektir. Bu varlıklara dayalı veya bu varlıklardan oluşan endekslere dayalı borsada veya tezgahüstü piyasalarda işlem gören türev işlemlere yatırım yapılabilir. VİOP'ta işlem gören vadeli sözleşmeler ve opsiyonlar fon portföyüne dahil edilebilir.
Last updated: Source: TEFAS
Frequently Asked Questions
Is the KSA fund open to trading?
SPK decided to liquidate KSA 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 1.167383 as of November 2, 2026.
When was the last price of KSA published?
The last official unit price of KSA is TRY 1.167383 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 KSA. 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 KSA return over the last year?
Based on the last price published on TEFAS (November 2, 2026), KSA returned −60.61% over the last year, −63.13% year to date, −71.02% over 3 months and −72.70% over 1 month. Past performance does not indicate future returns.
What were the highest and lowest prices of KSA over the last year?
Between November 3, 2025 and November 2, 2026 the unit price of KSA ranged from a low of TRY 1.165359 (October 26, 2026) to a high of TRY 4.320787 (October 22, 2026). The latest price as of November 2, 2026 is TRY 1.167383.
What is the risk score of KSA?
The CMB risk score of KSA 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 KSA?
The annual management fee of KSA is 2.25%; 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 KSA invest in?
The portfolio of KSA consists mainly of Commercial Paper (69.11%), Deposits (TL) (10.02%), Corporate Bond (7.35%). Fon portföyünde TL cinsinden olması koşuluyla; kamu ve özel sektör borçlanma araçları, Takasbank para piyasası işlemleri ve yurt içi organize para piyasası işlemleri, Türkiye Cumhuriyet Merkez Bankası (TCMB), Hazine ve İpotek Finansmanı Kuruluşları tarafından ihraç edilen para ve sermaye piyasası araçları, kamu ve/veya özel sektör tarafından ihraç edilen kira sertifikaları ile varlığa/ipoteğe dayalı menkul kıymetler ve/veya ipotek ve varlık teminatlı menkul kıymetler, yurt dışında ihraç olan TL cinsi menkul kıymetler, gelir ortaklığı senetleri, yapılandırılmış yatırım araçları, varantlar, sertifikalar, para piyasası enstrümanları ile organize piyasalarda veya borsa dışında repo ve ters repo yer alabilir. Portföyün vadeli/vadesiz mevduatta veya katılma hesaplarında değerlendirilmesi de söz konusu olabilecektir. Bu varlıklara dayalı veya bu varlıklardan oluşan endekslere dayalı borsada veya tezgahüstü piyasalarda işlem gören türev işlemlere yatırım yapılabilir. VİOP'ta işlem gören vadeli sözleşmeler ve opsiyonlar fon portföyüne dahil edilebilir.
Which other funds are in the same category as KSA?
KSA 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.