TEFASRisk 2/7Price Oct 8, 2026
Hedef Portföy Vega İstatistiksel Arbitraj Hisse Senedi Serbest Fon (Hisse Senedi Yoğun Fon) HDK
- Fund size (Oct 8, 2026)
- TRY 11.5M
- Investors
- 120
- Management fee (annual)
- 5.00%
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 (October 8, 2026). SPK bulletin 2026/60 · List of funds in liquidation
HDK Fund Price Chart
Key Data
- Price
- 3.076459Oct 8, 2026
- Daily change
- −0.03%
- Trading status
- In liquidation
- Category
- Hedge Fund
- Umbrella fund
- Hedge
- Manager
- Hedef Portföy Yönetimi A.Ş.
- Risk score
- 2 / 7
- Fund size
- TRY 11.5MOct 8, 2026
- Investors
- 120
- Units outstanding
- 3.7M
- Purchase / redemption value date
- T+1 / T+2
- Min. purchase (units)
- 1
- Trading hours
- 09:00 – 17:45
- ISIN
- TRYHDFP00516
- Inception date
- Apr 25, 2023
- Benchmark
- %100 BIST-KYD 1 Aylık Mevduat TL Endeksi + 100
HDK Return Comparison
| Comparison | 1M | 3M | 6M | YTD | 1Y |
|---|---|---|---|---|---|
| HDK | 1.51% | 5.16% | 10.66% | 19.21% | 26.63% |
| Category average | 0.38% | 4.93% | 12.25% | 17.78% | 23.48% |
| BIST 100 | −15.80% | −13.41% | −10.78% | 8.45% | 13.86% |
| Category rank | 134 / 324 | 159 / 324 | 194 / 324 | 146 / 324 | 128 / 292 |
Returns are calculated from the last price published on TEFAS (October 8, 2026). The amount paid to investors in liquidation depends on the cash raised from selling the portfolio and may differ from these returns.
HDK Fund Review and Performance Summary
HDK returned 26.63% over the last year, ranking 128 of 292 funds in the Hedge Fund category. Over the same period: category average 23.48%, BIST 100 13.86%.
Between October 8, 2025 and October 8, 2026 the unit price ranged from a low of TRY 2.429412 (October 8, 2025) to a high of TRY 3.077514 (October 7, 2026). The latest price is 0.03% below the high and 26.63% above the low.
The largest decline in the period was 1.21% (from the May 22, 2026 high to May 25, 2026). Annualized volatility based on daily price changes: 3.38%. The price rose on 178 of 251 trading days.
Monthly returns were positive in 12 of the last 12 months; best month December 2025 (2.85%), weakest month August 2026 (1.29%).
Between October 8, 2025 and October 8, 2026 the number of investors fell 48.94%, from 235 to 120. Fund size fell from TRY 82.7M to TRY 11.5M over the same period.
Highest one-year returns in the category: IJI (83.62%), ROF (77.58%), RSK (73.56%).
HDK monthly returns
| Month | Month-end price (TRY) | Monthly return |
|---|---|---|
| September 2026 | 3.062297 | 1.50% |
| August 2026 | 3.017154 | 1.29% |
| July 2026 | 2.978719 | 2.24% |
| June 2026 | 2.913519 | 1.81% |
| May 2026 | 2.861639 | 1.73% |
| April 2026 | 2.813032 | 1.45% |
| March 2026 | 2.772723 | 2.34% |
| February 2026 | 2.709234 | 2.48% |
| January 2026 | 2.643786 | 2.45% |
| December 2025 | 2.580666 | 2.85% |
| November 2025 | 2.509040 | 1.39% |
| October 2025 | 2.474625 | 1.67% |
This summary is calculated automatically from TEFAS price history and category data; it is not investment advice. Past performance does not indicate future returns.
HDK Asset Allocation
- Investment Fund Participation Shares85.30%
- Stock14.70%
HDK Largest Holdings
ISCTRİş Bankasi (C)83.95%−1.69%
SISEŞişe Cam0.01%0.00%
Net Flows
Investors
Similar Funds
| Fund | 1 month | YTD | 1 year |
|---|---|---|---|
 KYSKare Portföy Yedinci Serbest (Döviz) Fon | 0.11% | 17.46% | 25.54% |
 RTHRe-Pie Portföy Birinci Hisse Senedi Serbest Fon | −4.74% | 13.63% | 7.97% |
 RIARota Portföy İstatistiksel Arbitraj Hisse Senedi Serbest Fon | 1.96% | 24.50% | 33.57% |
 DLZDeniz Portföy Alize Hisse Senedi Serbest (TL) Fon | 2.18% | −74.21% | −85.87% |
 ESGAktif Portföy ESG Sürdürülebilirlik Serbest Fon | 2.96% | 14.73% | 19.54% |
Related Pages
About the HDK Fund
SPK decided to liquidate HDK 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 (October 8, 2026): TRY 3.076459. Hedef Portföy Vega İstatistiksel Arbitraj Hisse Senedi Serbest Fon (Hisse Senedi Yoğun Fon) is a mutual fund in the Hedge Fund category founded by Hedef Portföy Yönetimi A.Ş. Fund size TRY 11.5M as of October 8, 2026, 120 investors.
Fon'un yatırım stratejisi, BIST'te işlem gören; ortaklık paylarında, ortaklık paylarına ait rüçhanlarda, varantlarda, vadeli işlem sözleşmeleri, opsiyon sözleşmeleri ve diğer türev araçlarda gün içinde gerçekleşebilecek fiyat uyuşmazlıklarını ve istatistiksel arbitraj fırsatlarını algoritma destekli sistemler ile değerlendirerek sermaye kazancı sağlamak ve portföy değerini artırmaktır. Fon, söz konusu yatırım stratejisi sonucu oluşan pozisyon risklerini uygun görülen yüksek korelasyonlu finansal ürünler yardımıyla hedge etmeyi amaçlamaktadır. Bu finansal ürünler ortaklık paylarına, pay endekslerine dayalı spot işlemler olabileceği gibi bu varlıklara dayalı forward, swap ve opsiyon gibi türev sözleşmeler de olabilir. Fon tarafından, yukarıda belirtilmeyen para ve sermaye piyasası araçlarına ve bu araçlara dayalı türev işlem ve sözleşmelere de borsada veya borsa dışında yatırım yapabilecektir. Söz konusu işlemler yurt içinde organize piyasalarda ve/veya tezgahüstü olarak yapılabilir.
Last updated: Source: TEFAS
Frequently Asked Questions
Is the HDK fund open to trading?
SPK decided to liquidate HDK 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 3.076459 as of October 8, 2026.
When was the last price of HDK published?
The last official unit price of HDK is TRY 3.076459 as of October 8, 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 HDK. 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 HDK return over the last year?
Based on the last price published on TEFAS (October 8, 2026), HDK returned 26.63% over the last year, 19.21% year to date, 5.16% over 3 months and 1.51% over 1 month. Past performance does not indicate future returns.
What were the highest and lowest prices of HDK over the last year?
Between October 8, 2025 and October 8, 2026 the unit price of HDK ranged from a low of TRY 2.429412 (October 8, 2025) to a high of TRY 3.077514 (October 7, 2026). The latest price as of October 8, 2026 is TRY 3.076459.
What is the risk score of HDK?
The CMB risk score of HDK 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 HDK?
The annual management fee of HDK is 5.00%; 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 HDK invest in?
The portfolio of HDK consists mainly of Investment Fund Participation Shares (85.30%), Stock (14.70%). Fon'un yatırım stratejisi, BIST'te işlem gören; ortaklık paylarında, ortaklık paylarına ait rüçhanlarda, varantlarda, vadeli işlem sözleşmeleri, opsiyon sözleşmeleri ve diğer türev araçlarda gün içinde gerçekleşebilecek fiyat uyuşmazlıklarını ve istatistiksel arbitraj fırsatlarını algoritma destekli sistemler ile değerlendirerek sermaye kazancı sağlamak ve portföy değerini artırmaktır. Fon, söz konusu yatırım stratejisi sonucu oluşan pozisyon risklerini uygun görülen yüksek korelasyonlu finansal ürünler yardımıyla hedge etmeyi amaçlamaktadır. Bu finansal ürünler ortaklık paylarına, pay endekslerine dayalı spot işlemler olabileceği gibi bu varlıklara dayalı forward, swap ve opsiyon gibi türev sözleşmeler de olabilir. Fon tarafından, yukarıda belirtilmeyen para ve sermaye piyasası araçlarına ve bu araçlara dayalı türev işlem ve sözleşmelere de borsada veya borsa dışında yatırım yapabilecektir. Söz konusu işlemler yurt içinde organize piyasalarda ve/veya tezgahüstü olarak yapılabilir.
What are the largest holdings of HDK?
According to the 2026W36 portfolio report, the largest holdings of HDK are ISCTR (83.95%), SISE (0.01%). All holdings and their weight changes against the previous month are on the portfolio page.
Which other funds are in the same category as HDK?
HDK 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.