TEFASRisk 6/7Price Nov 2, 2026
Tera Portföy İkinci Serbest (Döviz) Fon TMM
- Fund size (Nov 2, 2026)
- TRY 1.2B
- Investors
- 1,725
- Management fee (annual)
- 2.50%
With Capital Markets Board (SPK) bulletin 2026/75 dated October 26, 2026, the capital markets activities of the fund’s founder, Tera 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. İş 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 (November 2, 2026). SPK bulletin 2026/75 · List of funds in liquidation
At a Glance: TMM Fund
- The Capital Markets Board (SPK) decided to liquidate the TMM 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 TMM fund was TRY 66.984161 (November 2, 2026); no buy or redemption orders are executed.
- The TMM fund returned 1.58% over 1 month, 11.08% year to date and 15.05% over 1 year.
- The TMM fund has total assets of TRY 1.2B and 1,725 investors.
- The TMM fund is in the Hedge Fund category, with a CMB (SPK) risk score of 6 out of 7.
- The TMM fund was established by Tera Portföy Yönetimi A.Ş.
What is the TMM fund?
TMM is the fund code of Tera Portföy İkinci Serbest (Döviz) Fon. It was established by Tera Portföy Yönetimi A.Ş. The TMM fund is in the Hedge 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 TMM fund price and return?
The last official price of the TMM fund was TRY 66.984161 (November 2, 2026). It returned 1.58% over 1 month, 11.08% year to date and 15.05% over 1 year.
Is the TMM fund being liquidated?
Yes. The TMM 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.
TMM Fund Price Chart
Key Data
- Price
- 66.984161Nov 2, 2026
- Daily change
- 0.37%
- Trading status
- In liquidation
- Category
- Hedge Fund
- Umbrella fund
- Hedge
- Manager
- Tera Portföy Yönetimi A.Ş.
- Risk score
- 6 / 7
- Fund size
- TRY 1.2BNov 2, 2026
- Investors
- 1,725
- Units outstanding
- 18.4M
- Purchase / redemption value date
- T+1 / T+3
- Min. purchase (units)
- 1
- Trading hours
- 09:00 – 13:00
- ISIN
- TRYTRPY00074
- Inception date
- Apr 17, 2023
- Benchmark
- BIST-KYD 1 Aylık Mevduat USD Endeksi
TMM Return Comparison
| Comparison | 1M | 3M | 6M | YTD | 1Y |
|---|---|---|---|---|---|
| TMM | 1.58% | −5.38% | 2.34% | 11.08% | 15.05% |
| 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 | 173 / 324 | 246 / 324 | 230 / 324 | 236 / 324 | 224 / 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.
TMM Fund Review and Performance Summary
TMM returned 15.05% over the last year, ranking 224 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 58.223447 (November 3, 2025) to a high of TRY 76.074151 (September 17, 2026). The latest price is 11.95% below the high and 15.05% above the low.
The largest decline in the period was 13.56% (from the September 17, 2026 high to September 25, 2026). Annualized volatility based on daily price changes: 7.69%. The price rose on 198 of 250 trading days.
Monthly returns were positive in 10 of the last 12 months; best month January 2026 (5.12%), weakest month September 2026 (−11.05%).
Between November 3, 2025 and November 2, 2026 the number of investors rose 23.04%, from 1,402 to 1,725. Fund size grew from TRY 520M to TRY 1.2B over the same period.
Highest one-year returns in the category: BSM (88.67%), RBR (70.72%), GZM (67.43%).
TMM monthly returns
| Month | Month-end price (TRY) | Monthly return |
|---|---|---|
| October 2026 | 66.736133 | 1.23% |
| September 2026 | 65.925213 | −11.05% |
| August 2026 | 74.116158 | 4.72% |
| July 2026 | 70.772516 | 2.18% |
| June 2026 | 69.261928 | 2.96% |
| May 2026 | 67.268305 | 2.77% |
| April 2026 | 65.453097 | 2.76% |
| March 2026 | 63.697122 | 1.47% |
| February 2026 | 62.773325 | −0.97% |
| January 2026 | 63.391158 | 5.12% |
| December 2025 | 60.304567 | 2.63% |
| November 2025 | 58.759290 | 0.91% |
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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TMM Asset Allocation
- Corporate External Debt78.53%
- Investment Fund Participation Shares18.03%
- Foreign Exchange-Traded Funds1.63%
- Government External Debt1.18%
- Foreign Stock0.63%
TMM Largest Holdings
Net Flows
Investors
Similar Funds
| Fund | 1 month | YTD | 1 year |
|---|---|---|---|
 ULHÜnlü Portföy Onuncu Serbest Fon | −3.21% | 16.06% | 19.01% |
 HKRHSBC Portföy Kırmızı Hisse Senedi Serbest (TL) Fon | −11.14% | 4.16% | 1.12% |
 KRSKare Portföy Serbest (Döviz) Fon | −0.15% | 14.60% | 17.27% |
 FJZFiba Portföy Fırtına Serbest (Döviz) Fon | 3.29% | 14.91% | 19.84% |
| USYÜnlü Portföy Değer Yatırımları Serbest Fon | −0.00% | 21.21% | 32.53% |
Related Pages
About the TMM Fund
SPK decided to liquidate TMM in bulletin 2026/75 dated October 26, 2026, which temporarily suspended the capital markets activities of its founder, Tera 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 (November 2, 2026): TRY 66.984161. Tera Portföy İkinci Serbest (Döviz) Fon is a mutual fund in the Hedge Fund category founded by Tera Portföy Yönetimi A.Ş. Fund size TRY 1.2B as of November 2, 2026, 1,725 investors.
Fon yatırım stratejisi olarak döviz cinsi varlıklara yatırım yaparak döviz cinsi getiri elde etmektir. Fon toplam değerinin en az %80'i devamlı olarak T.C. Hazine ve Maliye Bakanlığı tarafından döviz cinsinden ihraç edilen borçlanma araçları ve kira sertifikaları ile yerli ihraççıların döviz cinsinden ihraç edilen para ve sermaye piyasası araçlarında değerlendirilecek olup, fon toplam değerinin geri kalan kısmı ise yabancı ihraççıların para ve sermaye piyasası araçlarına ve/veya Türk Lirası cinsi para ve sermaye piyasası araçlarına yatırılacaktır. Fon'un yatırım stratejisi çerçevesinde sermaye kazancı sağlamak ve portföy değerinin artırılması amaçlanmaktadır.
Last updated: Source: TEFAS
Frequently Asked Questions
Is the TMM fund open to trading?
SPK decided to liquidate TMM in bulletin 2026/75 dated October 26, 2026, which temporarily suspended the capital markets activities of its founder, Tera 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 66.984161 as of November 2, 2026.
When was the last price of TMM published?
The last official unit price of TMM is TRY 66.984161 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 2026/75, T. İş Bankası A.Ş. will carry out the liquidation of TMM. The bulletin does not state the liquidation procedure or period for this fund.
How much did TMM return over the last year?
Based on the last price published on TEFAS (November 2, 2026), TMM returned 15.05% over the last year, 11.08% year to date, −5.38% over 3 months and 1.58% over 1 month. Past performance does not indicate future returns.
What were the highest and lowest prices of TMM over the last year?
Between November 3, 2025 and November 2, 2026 the unit price of TMM ranged from a low of TRY 58.223447 (November 3, 2025) to a high of TRY 76.074151 (September 17, 2026). The latest price as of November 2, 2026 is TRY 66.984161.
What is the risk score of TMM?
The CMB risk score of TMM 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 TMM?
The annual management fee of TMM is 2.50%; the purchase value date is T+1 and the redemption value date T+3. Fees are reflected in the fund price rather than charged separately.
What does TMM invest in?
The portfolio of TMM consists mainly of Corporate External Debt (78.53%), Investment Fund Participation Shares (18.03%), Foreign Exchange-Traded Funds (1.63%). Fon yatırım stratejisi olarak döviz cinsi varlıklara yatırım yaparak döviz cinsi getiri elde etmektir. Fon toplam değerinin en az %80'i devamlı olarak T.C. Hazine ve Maliye Bakanlığı tarafından döviz cinsinden ihraç edilen borçlanma araçları ve kira sertifikaları ile yerli ihraççıların döviz cinsinden ihraç edilen para ve sermaye piyasası araçlarında değerlendirilecek olup, fon toplam değerinin geri kalan kısmı ise yabancı ihraççıların para ve sermaye piyasası araçlarına ve/veya Türk Lirası cinsi para ve sermaye piyasası araçlarına yatırılacaktır. Fon'un yatırım stratejisi çerçevesinde sermaye kazancı sağlamak ve portföy değerinin artırılması amaçlanmaktadır.
Which other funds are in the same category as TMM?
TMM 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.