TEFASRisk 7/7Price Nov 13, 2026
Hedef Portföy Başak Hisse Senedi Serbest (TL) Fon (Hisse Senedi Yoğun Fon) HKM
- Fund size (Nov 13, 2026)
- TRY 818.9K
- Investors
- 809
- Management fee (annual)
- 3.00%
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 (November 13, 2026). SPK bulletin 2026/60 · List of funds in liquidation
At a Glance: HKM Fund
- The HKM fund is on the liquidation list of Capital Markets Board (SPK) bulletin 2026/60 dated September 17, 2026. Liquidated funds
- The last official price of the HKM fund was TRY 0.075872 (November 13, 2026); no buy or redemption orders are executed.
- The HKM fund returned −97.43% over 1 month, −98.17% year to date and −98.47% over 1 year.
- The HKM fund has total assets of TRY 818.9K and 809 investors.
- The HKM fund is in the Hedge Fund category, with a CMB (SPK) risk score of 7 out of 7.
- The HKM fund was established by Hedef Portföy Yönetimi A.Ş.
What is the HKM fund?
HKM is the fund code of Hedef Portföy Başak Hisse Senedi Serbest (TL) Fon. It was established by Hedef Portföy Yönetimi A.Ş. The HKM fund is in the Hedge Fund category, with a CMB (SPK) risk score of 7 out of 7. The fund is in liquidation by Capital Markets Board (SPK) decision.
What is the HKM fund price and return?
The last official price of the HKM fund was TRY 0.075872 (November 13, 2026). It returned −97.43% over 1 month, −98.17% year to date and −98.47% over 1 year.
Is the HKM fund being liquidated?
Yes. The HKM 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.
HKM Fund Price Chart
Key Data
- Price
- 0.075872Nov 13, 2026
- Daily change
- −0.34%
- Trading status
- In liquidation
- Category
- Hedge Fund
- Umbrella fund
- Hedge
- Manager
- Hedef Portföy Yönetimi A.Ş.
- Risk score
- 7 / 7
- Fund size
- TRY 818.9KNov 13, 2026
- Investors
- 809
- Units outstanding
- 10.8M
- Purchase / redemption value date
- T+1 / T+2
- Min. purchase (units)
- 1
- Trading hours
- 09:00 – 17:45
- ISIN
- TRYHDFP00482
- Inception date
- Apr 6, 2023
- Benchmark
- %100 BIST 100 Getiri Endeksi
HKM Return Comparison
| Comparison | 1M | 3M | 6M | YTD | 1Y |
|---|---|---|---|---|---|
| HKM | −97.43% | −98.05% | −98.41% | −98.17% | −98.47% |
| Category average | 1.75% | 4.06% | 9.63% | 19.62% | 23.39% |
| BIST 100 | −3.33% | −16.20% | −18.88% | 5.16% | 11.42% |
| Category rank | 325 / 325 | 325 / 325 | 325 / 325 | 325 / 325 | 307 / 307 |
Returns are calculated from the last price published on TEFAS (November 13, 2026). The amount paid to investors in liquidation depends on the cash raised from selling the portfolio and may differ from these returns.
HKM Fund Review and Performance Summary
HKM returned −98.47% over the last year, ranking 307 of 307 funds in the Hedge Fund category. Over the same period: category average 23.39%, BIST 100 11.42%.
Between November 13, 2025 and November 13, 2026 the unit price ranged from a low of TRY 0.075872 (November 13, 2026) to a high of TRY 5.208209 (December 15, 2025). The latest price is at the low of the period.
The largest decline in the period was 98.54% (from the December 15, 2025 high to November 13, 2026). Annualized volatility based on daily price changes: 355.09%. The price rose on 104 of 250 trading days.
Monthly returns were positive in 3 of the last 12 months; best month April 2026 (18.68%), weakest month October 2026 (−97.05%).
Between November 13, 2025 and November 13, 2026 the number of investors fell 74.62%, from 3,188 to 809. Fund size fell from TRY 293.5M to TRY 818.9K over the same period.
Highest one-year returns in the category: IJI (100.50%), BSM (88.73%), GZM (79.17%).
HKM monthly returns
| Month | Month-end price (TRY) | Monthly return |
|---|---|---|
| October 2026 | 0.079273 | −97.05% |
| September 2026 | 2.686308 | −37.56% |
| August 2026 | 4.301981 | 8.86% |
| July 2026 | 3.951697 | −11.02% |
| June 2026 | 4.440969 | −5.20% |
| May 2026 | 4.684613 | −0.32% |
| April 2026 | 4.699485 | 18.68% |
| March 2026 | 3.959725 | 7.98% |
| February 2026 | 3.666940 | −10.92% |
| January 2026 | 4.116444 | −0.93% |
| December 2025 | 4.155076 | −16.11% |
| November 2025 | 4.952744 | −12.34% |
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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HKM Asset Allocation
- Deposits (TL)83.48%
- Investment Fund Participation Shares16.52%
HKM Largest Holdings
INFOInfo Yatirim15.23%0.06%
AAGYOAgaoglu GMYO13.55%0.36%
ASTORAstor Enerji13.21%−0.12%
BALSUBalsu Gida9.81%0.00%
GLRMKGulermak Agir Sanayi7.16%0.72%
Net Flows
Investors
Similar Funds
| Fund | 1 month | YTD | 1 year |
|---|---|---|---|
 RKHRe-Pie Portföy Katılım Hisse Senedi Serbest (TL) Fon | −8.86% | −5.08% | −3.72% |
| RGHRe-Pie Portföy Mutlak Getiri Hedefli Hisse Senedi Serbest Fon | −19.28% | −15.39% | −11.98% |
 KIHKare Portföy İstatistiksel Arbitraj Serbest Fon | 7.49% | 38.14% | 42.36% |
 MTFMT Portföy Birinci İstatistiksel Arbitraj Hisse Senedi Serbest (TL) Fon | −5.79% | 3.86% | 7.73% |
| BRCRe-Pie Portföy Birinci İstatistiksel Arbitraj Hisse Senedi Serbest Fon | −8.50% | 7.45% | 11.10% |
Related Pages
About the HKM Fund
SPK decided to liquidate HKM 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 13, 2026): TRY 0.075872. Hedef Portföy Başak Hisse Senedi Serbest (TL) Fon (Hisse Senedi Yoğun Fon) is a mutual fund in the Hedge Fund category founded by Hedef Portföy Yönetimi A.Ş. Fund size TRY 818.9K as of November 13, 2026, 809 investors.
Ekonomik ve finansal piyasaları etkileyen diğer faktörlerin analizi ve beklentilere göre oluşacak yatırım öngörüsü doğrultusunda TL cinsi para ve sermaye piyasası araçlarına, taraf olunacak sözleşmelere, finansal işlemlere ve menkul kıymetlere ve Kurulca uygun görülen diğer yatırım araçlarına yatırım yaparak sermaye kazancı ve faiz geliri sağlamak ve portföy değerini artırmayı amaçlamaktadır.
Last updated: Source: TEFAS
Frequently Asked Questions
Is the HKM fund open to trading?
SPK decided to liquidate HKM 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 0.075872 as of November 13, 2026.
When was the last price of HKM published?
The last official unit price of HKM is TRY 0.075872 as of November 13, 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 HKM. 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 HKM return over the last year?
Based on the last price published on TEFAS (November 13, 2026), HKM returned −98.47% over the last year, −98.17% year to date, −98.05% over 3 months and −97.43% over 1 month. Past performance does not indicate future returns.
What were the highest and lowest prices of HKM over the last year?
Between November 13, 2025 and November 13, 2026 the unit price of HKM ranged from a low of TRY 0.075872 (November 13, 2026) to a high of TRY 5.208209 (December 15, 2025). The latest price as of November 13, 2026 is TRY 0.075872.
What is the risk score of HKM?
The CMB risk score of HKM is 7 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 HKM?
The annual management fee of HKM is 3.00%; 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 HKM invest in?
The portfolio of HKM consists mainly of Deposits (TL) (83.48%), Investment Fund Participation Shares (16.52%). Ekonomik ve finansal piyasaları etkileyen diğer faktörlerin analizi ve beklentilere göre oluşacak yatırım öngörüsü doğrultusunda TL cinsi para ve sermaye piyasası araçlarına, taraf olunacak sözleşmelere, finansal işlemlere ve menkul kıymetlere ve Kurulca uygun görülen diğer yatırım araçlarına yatırım yaparak sermaye kazancı ve faiz geliri sağlamak ve portföy değerini artırmayı amaçlamaktadır.
What are the largest holdings of HKM?
According to the 2026W36 portfolio report, the largest holdings of HKM are INFO (15.23%), AAGYO (13.55%), ASTOR (13.21%), BALSU (9.81%), GLRMK (7.16%). All holdings and their weight changes against the previous month are on the portfolio page.
Which other funds are in the same category as HKM?
HKM 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.