TEFASRisk 6/7Price Sep 22, 2026
Pusula Portföy Birinci Değişken Fon PBR
- Fund size (Sep 22, 2026)
- TRY 84.8M
- Investors
- 15,417
- Management fee (annual)
- 1.75%
With Capital Markets Board (SPK) bulletin 2026/75 dated October 26, 2026, the capital markets activities of the fund’s founder, Pusula Portföy Yönetimi A.Ş., were temporarily suspended and this fund is to be liquidated together with the founder’s other funds not covered by the September 17, 2026 decisions; T.C. Ziraat Bankası A.Ş. will carry out the liquidation and the procedure has not been announced yet. 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 (September 22, 2026). SPK bulletin 2026/75 · List of funds in liquidation
At a Glance: PBR Fund
- The Capital Markets Board (SPK) decided to liquidate the PBR fund in bulletin 2026/75 dated October 26, 2026, which temporarily suspended its founder. Liquidated funds
- According to Yatırımcı.AI data, the last official price of the PBR fund was TRY 0.102259 (September 22, 2026); no buy or redemption orders are executed.
- The PBR fund returned −98.04% over 1 month, −95.37% year to date and −94.91% over 1 year.
- The PBR fund has total assets of TRY 84.8M and 15,417 investors.
- The PBR fund is in the Variable Fund category, with a CMB (SPK) risk score of 6 out of 7.
- The PBR fund was established by Pusula Portföy Yönetimi A.Ş.
What is the PBR fund?
PBR is the fund code of Pusula Portföy Birinci Değişken Fon. It was established by Pusula Portföy Yönetimi A.Ş. The PBR fund is in the Variable Fund category, with a CMB (SPK) risk score of 6 out of 7. The fund is in liquidation by Capital Markets Board (SPK) decision.
What is the PBR fund price and return?
The last official price of the PBR fund was TRY 0.102259 (September 22, 2026). It returned −98.04% over 1 month, −95.37% year to date and −94.91% over 1 year.
Is the PBR fund being liquidated?
Yes. The PBR fund is on the liquidation list of Capital Markets Board (SPK) bulletin 2026/75 dated October 26, 2026; no buy or redemption orders are executed. All liquidated funds are listed on the Yatırımcı.AI liquidated funds page.
PBR Fund Price Chart
Key Data
- Price
- 0.102259Sep 22, 2026
- Daily change
- −59.97%
- Trading status
- In liquidation
- Category
- Variable Fund
- Umbrella fund
- Variable
- Manager
- Pusula Portföy Yönetimi A.Ş.
- Risk score
- 6 / 7
- Fund size
- TRY 84.8MSep 22, 2026
- Investors
- 15,417
- Units outstanding
- 829.6M
- Purchase / redemption value date
- T+1 / T+2
- Min. purchase (units)
- 1
- Trading hours
- 09:00 – 17:00
- ISIN
- TRYPSLP00036
- Inception date
- Mar 27, 2024
- Benchmark
- %100 BIST-KYD 1 AYLIK MEVDUAT TL Endeksi dir.
PBR Return Comparison
| Comparison | 1M | 3M | 6M | YTD | 1Y |
|---|---|---|---|---|---|
| PBR | −98.04% | −97.96% | −96.89% | −95.37% | −94.91% |
| Category average | −4.00% | −2.61% | 3.13% | 18.84% | 25.24% |
| BIST 100 | −11.29% | −19.10% | −24.61% | −3.34% | −0.78% |
| Category rank | 139 / 139 | 139 / 139 | 138 / 138 | 139 / 139 | 130 / 130 |
Returns are calculated from the last price published on TEFAS (September 22, 2026). The amount paid to investors in liquidation depends on the cash raised from selling the portfolio and may differ from these returns.
PBR Fund Review and Performance Summary
PBR returned −94.91% over the last year, ranking 130 of 130 funds in the Variable Fund category. Over the same period: category average 25.24%, BIST 100 −0.78%.
Between September 22, 2025 and September 22, 2026 the unit price ranged from a low of TRY 0.102259 (September 22, 2026) to a high of TRY 5.573254 (August 5, 2026). The latest price is at the low of the period.
The largest decline in the period was 98.17% (from the August 5, 2026 high to September 22, 2026). Annualized volatility based on daily price changes: 127.27%. The price rose on 164 of 251 trading days.
Monthly returns were positive in 10 of the last 12 months; best month June 2026 (28.64%), weakest month August 2026 (−11.72%).
Between September 22, 2025 and September 22, 2026 the number of investors rose 3,614.94%, from 415 to 15,417. Fund size grew from TRY 17M to TRY 84.8M over the same period.
Highest one-year returns in the category: CPT (65.75%), YIT (55.64%), IRT (48.62%).
PBR monthly returns
| Month | Month-end price (TRY) | Monthly return |
|---|---|---|
| August 2026 | 4.777442 | −11.72% |
| July 2026 | 5.411567 | 5.71% |
| June 2026 | 5.119392 | 28.64% |
| May 2026 | 3.979742 | 3.37% |
| April 2026 | 3.849850 | 9.62% |
| March 2026 | 3.511891 | 15.08% |
| February 2026 | 3.051650 | 16.96% |
| January 2026 | 2.609041 | 18.10% |
| December 2025 | 2.209201 | 3.64% |
| November 2025 | 2.131685 | 7.35% |
| October 2025 | 1.985722 | −0.58% |
| September 2025 | 1.997304 | 5.38% |
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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PBR Asset Allocation
- Stock94.91%
- Investment Fund Participation Shares5.09%
Stocks in the PBR Fund
GUNDGGundogdu Gida24.65%14.70%
ODINEOdine Teknoloji23.81%9.44%
HEDEFHedef Holding14.79%−1.06%
DSTKFDestek Finans Faktoring3.19%−0.20%
PASEUPasifik Eurasia Lojistik0.54%−7.40%
Net Flows
Investors
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| Fund | 1 month | YTD | 1 year |
|---|---|---|---|
 AGCAk Portföy İkinci Değişken Fon | 2.35% | 22.44% | 27.57% |
 BCKDeniz Portföy Blockchain ve Fintech Teknolojileri Değişken Fon | −10.47% | 20.60% | 14.24% |
 RUTBV Portföy Robotik ve Uzay Teknolojileri Değişken Fon | −6.64% | 26.02% | 26.86% |
 NRCNeo Portföy Birinci Değişken Fon | −17.27% | −14.58% | −17.72% |
 SUBÜnlü Portföy İkinci Değişken Fon | −7.25% | 1.94% | 8.89% |
Related Pages
About the PBR Fund
SPK decided to liquidate PBR in bulletin 2026/75 dated October 26, 2026, which temporarily suspended the capital markets activities of its founder, Pusula Portföy Yönetimi A.Ş.; the liquidation procedure has not been announced yet. No buy or redemption orders are executed in the fund. Last price published on TEFAS (September 22, 2026): TRY 0.102259. Pusula Portföy Birinci Değişken Fon is a mutual fund in the Variable Fund category founded by Pusula Portföy Yönetimi A.Ş. Fund size TRY 84.8M as of September 22, 2026, 15,417 investors.
Fonun yatırım stratejisi; sabit bir varlık dağılımı hedefi olmayıp değişken piyasa koşullarına göre esnek olarak yönetilmesi esasına dayanır. Fonun yönetiminde, orta ve uzun vadede TL bazında yüksek getiri sağlanması amaçlanmakta ve tüm piyasa fırsatlarından, küresel ve yerel konjonktürden yararlanılması niyetiyle etkin bir yönetim stratejisi izlenecektir.
Last updated: Source: TEFAS
Frequently Asked Questions
Is the PBR fund open to trading?
SPK decided to liquidate PBR in bulletin 2026/75 dated October 26, 2026, which temporarily suspended the capital markets activities of its founder, Pusula Portföy Yönetimi A.Ş.; the liquidation procedure has not been announced yet. No buy or redemption orders are executed in the fund. The last price published on TEFAS is TRY 0.102259 as of September 22, 2026.
When was the last price of PBR published?
The last official unit price of PBR is TRY 0.102259 as of September 22, 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 2026/75, T.C. Ziraat Bankası A.Ş. will carry out the liquidation of PBR. The bulletin does not state the liquidation procedure or period for this fund.
How much did PBR return over the last year?
Based on the last price published on TEFAS (September 22, 2026), PBR returned −94.91% over the last year, −95.37% year to date, −97.96% over 3 months and −98.04% over 1 month. Past performance does not indicate future returns.
What were the highest and lowest prices of PBR over the last year?
Between September 22, 2025 and September 22, 2026 the unit price of PBR ranged from a low of TRY 0.102259 (September 22, 2026) to a high of TRY 5.573254 (August 5, 2026). The latest price as of September 22, 2026 is TRY 0.102259.
What is the risk score of PBR?
The CMB risk score of PBR is 6 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 PBR?
The annual management fee of PBR is 1.75%; 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 PBR invest in?
The portfolio of PBR consists mainly of Stock (94.91%), Investment Fund Participation Shares (5.09%). Fonun yatırım stratejisi; sabit bir varlık dağılımı hedefi olmayıp değişken piyasa koşullarına göre esnek olarak yönetilmesi esasına dayanır. Fonun yönetiminde, orta ve uzun vadede TL bazında yüksek getiri sağlanması amaçlanmakta ve tüm piyasa fırsatlarından, küresel ve yerel konjonktürden yararlanılması niyetiyle etkin bir yönetim stratejisi izlenecektir.
Which stocks does the PBR fund hold?
According to the August 2026 portfolio report, the largest holdings of PBR are GUNDG (24.65%), ODINE (23.81%), HEDEF (14.79%), DSTKF (3.19%), PASEU (0.54%). All holdings and their weight changes against the previous month are on the portfolio page.
Which other funds are in the same category as PBR?
PBR belongs to the Variable Fund category. Compare the returns of all funds in the category on the category page and the overall ranking on the best funds page.