TEFASRisk 6/7Price Sep 21, 2026
Tera Portföy Algoritmik Stratejiler Serbest Fon TMV
- Fund size (Sep 21, 2026)
- TRY 5.1B
- Investors
- 10,080
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 (September 21, 2026). SPK bulletin 2026/75 · List of funds in liquidation
At a Glance: TMV Fund
- The Capital Markets Board (SPK) decided to liquidate the TMV 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 TMV fund was TRY 5.490184 (September 21, 2026); no buy or redemption orders are executed.
- The TMV fund returned −42.59% over 1 month, 70.90% year to date and 159.43% over 1 year.
- The TMV fund has total assets of TRY 5.1B and 10,080 investors.
- The TMV fund is in the Hedge Fund category, with a CMB (SPK) risk score of 6 out of 7.
- The TMV fund was established by Tera Portföy Yönetimi A.Ş.
What is the TMV fund?
TMV is the fund code of Tera Portföy Algoritmik Stratejiler Serbest Fon. It was established by Tera Portföy Yönetimi A.Ş. The TMV 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 TMV fund price and return?
The last official price of the TMV fund was TRY 5.490184 (September 21, 2026). It returned −42.59% over 1 month, 70.90% year to date and 159.43% over 1 year.
Is the TMV fund being liquidated?
Yes. The TMV 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.
TMV Fund Price Chart
Key Data
- Price
- 5.490184Sep 21, 2026
- Daily change
- −36.95%
- Trading status
- In liquidation
- Category
- Hedge Fund
- Umbrella fund
- Hedge
- Manager
- Tera Portföy Yönetimi A.Ş.
- Risk score
- 6 / 7
- Fund size
- TRY 5.1BSep 21, 2026
- Investors
- 10,080
- Units outstanding
- 937.9M
- Purchase / redemption value date
- T+1 / T+3
- Min. purchase (units)
- 100
- Trading hours
- 09:00 – 13:00
- ISIN
- TRYTRPY00058
- Inception date
- Jun 28, 2022
- Benchmark
- BIST-KYD 1 Aylık Mevduat TL Endeksi Getirisi x 1,05
TMV Return Comparison
| Comparison | 1M | 3M | 6M | YTD | 1Y |
|---|---|---|---|---|---|
| TMV | −42.59% | −16.69% | 28.17% | 70.90% | 159.43% |
| 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 | 322 / 324 | 290 / 324 | 7 / 324 | 3 / 324 | 1 / 302 |
Returns are calculated from the last price published on TEFAS (September 21, 2026). The amount paid to investors in liquidation depends on the cash raised from selling the portfolio and may differ from these returns.
TMV Fund Review and Performance Summary
TMV returned 159.43% over the last year, ranking 1 of 302 funds in the Hedge Fund category. Over the same period: category average 22.63%, BIST 100 −0.78%.
Between September 22, 2025 and September 21, 2026 the unit price ranged from a low of TRY 2.116280 (September 22, 2025) to a high of TRY 11.369375 (September 16, 2026). The latest price is 51.71% below the high and 159.43% above the low.
The largest decline in the period was 51.71% (from the September 16, 2026 high to September 21, 2026). Annualized volatility based on daily price changes: 57.13%. The price rose on 207 of 249 trading days.
Monthly returns were positive in 12 of the last 12 months; best month October 2025 (26.41%), weakest month February 2026 (3.49%).
Between September 22, 2025 and September 21, 2026 the number of investors rose 69,319.05%, from 21 to 14,578. Fund size grew from TRY 3.6B to TRY 5.1B over the same period.
Highest one-year returns in the category: BSM (88.67%), RBR (70.72%), GZM (67.43%).
TMV monthly returns
| Month | Month-end price (TRY) | Monthly return |
|---|---|---|
| August 2026 | 10.381830 | 22.75% |
| July 2026 | 8.458021 | 21.62% |
| June 2026 | 6.954440 | 23.49% |
| May 2026 | 5.631363 | 10.69% |
| April 2026 | 5.087298 | 14.32% |
| March 2026 | 4.450147 | 15.88% |
| February 2026 | 3.840186 | 3.49% |
| January 2026 | 3.710533 | 15.50% |
| December 2025 | 3.212489 | 10.83% |
| November 2025 | 2.898659 | 6.91% |
| October 2025 | 2.711329 | 26.41% |
| September 2025 | 2.144894 | 4.50% |
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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TMV Asset Allocation
- Stock94.73%
- Deposits (TL)3.54%
- Futures Cash Collateral1.12%
- Asset-backed Securities1.08%
- Government Bond0.20%
- Investment Fund Participation Shares0.03%
Shares are as disclosed on TEFAS, relative to the fund’s total value; chart slices are drawn in proportion to them. Asset items add up to 100.00%. When a fund uses borrowing, repo or leverage, the total can differ from 100%. Negative items: Repo −0.70%.
Stocks in the TMV Fund
TRHOLTera Finansal Yat. Hol.12.11%0.83%
ANELEAnel Elektrik12.11%−0.06%
OZATDOzata Denizcilik11.58%−1.31%
SELECSelcuk Ecza Deposu10.07%−0.09%
DSTKFDestek Finans Faktoring9.53%3.84%
Net Flows
Investors
Similar Funds
| Fund | 1 month | YTD | 1 year |
|---|---|---|---|
 ZPAZiraat Portföy Serbest (Döviz) Fon | 2.11% | 19.59% | 23.75% |
 CKSİş Portföy Birinci Katılım Serbest (Döviz) Fon | 2.61% | 18.32% | 22.60% |
 EUNGaranti Portföy İkinci Serbest (Döviz-Avro) Fon | 2.19% | 12.23% | 18.26% |
 DVSDeniz Portföy Kısa Vadeli Serbest (TL) Fon | 3.09% | 36.61% | 45.30% |
| PIPGaranti Portföy İkinci Para Piyasası Serbest (TL) Fon | 3.06% | 37.20% | 45.67% |
Related Pages
About the TMV Fund
SPK decided to liquidate TMV 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 (September 21, 2026): TRY 5.490184. Tera Portföy Algoritmik Stratejiler Serbest Fon is a mutual fund in the Hedge Fund category founded by Tera Portföy Yönetimi A.Ş. Fund size TRY 5.1B as of September 21, 2026, 10,080 investors.
Fon'un ana yatırım stratejisi uyarınca BIST'te işlem gören; ortaklık paylarında, ortaklık paylarına ait rüçhanlarda, varantlarda, vadeli işlem sözleşmeleri, opsiyon sözleşmeleri ve diğer türev araçlarda algoritma destekli sistemler ile kısa vadeli sermaye kazancı sağlamaktır. Fon, söz konusu yatırım stratejisi sonucu oluşan pozisyon risklerini uygun görülen yüksek korelasyonlu yurt içi ve 2 yurt dışı finansal ve sermaye piyasası ürünleri yardımıyla hedge etmeyi amaçlamaktadır. Bu ürünler yurt içi ortaklık paylarına, pay endekslerine ve dövize dayalı spot işlemler olabileceği gibi bu varlıklara dayalı forward, swap ve opsiyon gibi türev sözleşmelerde olabilir. Fon, yerli ve/veya yabancı para ve sermaye piyasası araçlarına ve bu araçlara dayalı türev işlem ve sözleşmelere de borsada veya borsa dışında yatırım yapabilecektir. Söz konusu işlemler yurt içi ve/veya yurt dışında organize piyasalarda ve/veya tezgahüstü olarak yapılabilir. Fonun, katılma payları sadece nitelikli yatırımcılara satılacak serbest fon niteliğinde olmasından dolayı fonun yatırım stratejisinde yer alan sınırlamalar haricinde herhangi bir sınırlama ve yönetim kısıtlaması bulunmamaktadır
Last updated: Source: TEFAS
Frequently Asked Questions
Is the TMV fund open to trading?
SPK decided to liquidate TMV 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 5.490184 as of September 21, 2026.
When was the last price of TMV published?
The last official unit price of TMV is TRY 5.490184 as of September 21, 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 TMV. The bulletin does not state the liquidation procedure or period for this fund.
How much did TMV return over the last year?
Based on the last price published on TEFAS (September 21, 2026), TMV returned 159.43% over the last year, 70.90% year to date, −16.69% over 3 months and −42.59% over 1 month. Past performance does not indicate future returns.
What were the highest and lowest prices of TMV over the last year?
Between September 22, 2025 and September 21, 2026 the unit price of TMV ranged from a low of TRY 2.116280 (September 22, 2025) to a high of TRY 11.369375 (September 16, 2026). The latest price as of September 21, 2026 is TRY 5.490184.
What is the risk score of TMV?
The CMB risk score of TMV 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 does TMV invest in?
The portfolio of TMV consists mainly of Stock (94.73%), Deposits (TL) (3.54%), Futures Cash Collateral (1.12%). Fon'un ana yatırım stratejisi uyarınca BIST'te işlem gören; ortaklık paylarında, ortaklık paylarına ait rüçhanlarda, varantlarda, vadeli işlem sözleşmeleri, opsiyon sözleşmeleri ve diğer türev araçlarda algoritma destekli sistemler ile kısa vadeli sermaye kazancı sağlamaktır. Fon, söz konusu yatırım stratejisi sonucu oluşan pozisyon risklerini uygun görülen yüksek korelasyonlu yurt içi ve 2 yurt dışı finansal ve sermaye piyasası ürünleri yardımıyla hedge etmeyi amaçlamaktadır. Bu ürünler yurt içi ortaklık paylarına, pay endekslerine ve dövize dayalı spot işlemler olabileceği gibi bu varlıklara dayalı forward, swap ve opsiyon gibi türev sözleşmelerde olabilir. Fon, yerli ve/veya yabancı para ve sermaye piyasası araçlarına ve bu araçlara dayalı türev işlem ve sözleşmelere de borsada veya borsa dışında yatırım yapabilecektir. Söz konusu işlemler yurt içi ve/veya yurt dışında organize piyasalarda ve/veya tezgahüstü olarak yapılabilir. Fonun, katılma payları sadece nitelikli yatırımcılara satılacak serbest fon niteliğinde olmasından dolayı fonun yatırım stratejisinde yer alan sınırlamalar haricinde herhangi bir sınırlama ve yönetim kısıtlaması bulunmamaktadır
Which stocks does the TMV fund hold?
According to the 2026W35 portfolio report, the largest holdings of TMV are TRHOL (12.11%), ANELE (12.11%), OZATD (11.58%), SELEC (10.07%), DSTKF (9.53%). All holdings and their weight changes against the previous month are on the portfolio page.
Which other funds are in the same category as TMV?
TMV 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.