TEFASRisk 1/7Price Oct 15, 2026
Hedef Portföy Para Piyasası Katılım Fonu HPH
- Fund size (Oct 15, 2026)
- TRY 4.1B
- Investors
- 6,593
- Management fee (annual)
- 1.25%
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 15, 2026). SPK bulletin 2026/60 · List of funds in liquidation
HPH Fund Price Chart
Key Data
- Price
- 2.465227Oct 15, 2026
- Daily change
- 0.04%
- Trading status
- In liquidation
- Category
- Shariah-compliant Fund
- Umbrella fund
- Participation
- Manager
- Hedef Portföy Yönetimi A.Ş.
- Risk score
- 1 / 7
- Fund size
- TRY 4.1BOct 15, 2026
- Investors
- 6,593
- Units outstanding
- 1.7B
- Purchase / redemption value date
- T+0 / T+0
- Min. purchase (units)
- 1
- Trading hours
- 09:00 – 13:30
- ISIN
- TRYHDFP00839
- Inception date
- Jul 2, 2024
- Benchmark
- %5 BIST-KYD Kamu Kira Sertifikaları Endeksi + %5 BIST-KYD Özel Sektör Kira Sertifikaları Endeksi + %90 BIST-KYD 1 Aylık Kar Payı (TL) Endeksi
HPH Return Comparison
| Comparison | 1M | 3M | 6M | YTD | 1Y |
|---|---|---|---|---|---|
| HPH | 1.34% | 7.29% | 18.17% | 31.46% | 42.31% |
| Category average | 0.95% | 6.45% | 14.44% | 29.04% | 38.80% |
| BIST 100 | −8.02% | −15.30% | −15.01% | 7.18% | 16.39% |
| Category rank | 34 / 73 | 30 / 73 | 24 / 72 | 31 / 73 | 26 / 67 |
Returns are calculated from the last price published on TEFAS (October 15, 2026). The amount paid to investors in liquidation depends on the cash raised from selling the portfolio and may differ from these returns.
HPH Fund Review and Performance Summary
HPH returned 42.31% over the last year, ranking 26 of 67 funds in the Shariah-compliant Fund category. Over the same period: category average 38.80%, BIST 100 16.39%.
Between October 15, 2025 and October 15, 2026 the unit price ranged from a low of TRY 1.732297 (October 15, 2025) to a high of TRY 2.465227 (October 15, 2026). The latest price is at the high of the period.
Annualized volatility based on daily price changes: 1.46%. The price rose on 250 of 250 trading days.
Monthly returns were positive in 12 of the last 12 months; best month June 2026 (3.85%), weakest month September 2026 (2.35%).
Between October 15, 2025 and October 15, 2026 the number of investors fell 33.73%, from 9,948 to 6,593. Fund size fell from TRY 12.5B to TRY 4.1B over the same period.
Highest one-year returns in the category: CPU (77.51%), BTK (76.34%), KNJ (67.56%).
HPH monthly returns
| Month | Month-end price (TRY) | Monthly return |
|---|---|---|
| September 2026 | 2.452763 | 2.35% |
| August 2026 | 2.396526 | 2.75% |
| July 2026 | 2.332412 | 3.05% |
| June 2026 | 2.263461 | 3.85% |
| May 2026 | 2.179565 | 2.83% |
| April 2026 | 2.119528 | 3.24% |
| March 2026 | 2.052943 | 3.38% |
| February 2026 | 1.985742 | 2.79% |
| January 2026 | 1.931831 | 3.02% |
| December 2025 | 1.875227 | 3.42% |
| November 2025 | 1.813278 | 2.93% |
| October 2025 | 1.761612 | 3.33% |
This summary is calculated automatically from TEFAS price history and category data; it is not investment advice. Past performance does not indicate future returns.
HPH Asset Allocation
- Investment Fund Participation Shares59.52%
- Private Sector Lease Certificates28.93%
- Participation Account (TL)10.84%
- Other0.71%
HPH Largest Holdings
Net Flows
Investors
Similar Funds
| Fund | 1 month | YTD | 1 year |
|---|---|---|---|
 KSKAzimut Portföy İkinci Para Piyasası Katılım Fonu | 3.03% | 34.93% | 46.01% |
 GOLGaranti Portföy Altın Katılım Fonu | −2.70% | 4.39% | 12.19% |
 PPKQNB Portföy Para Piyasası Katılım (TL) Fonu | 2.93% | 34.31% | 45.34% |
 KCVKuveyt Türk Portföy Çoklu Varlık Katılım Fonu | −0.01% | 35.65% | 47.86% |
 IATİş Portföy Kira Sertifikaları Katılım (TL) Fonu | 2.51% | 28.97% | 38.90% |
Related Pages
About the HPH Fund
SPK decided to liquidate HPH 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 15, 2026): TRY 2.465227. Hedef Portföy Para Piyasası Katılım Fonu is a mutual fund in the Shariah-compliant Fund category founded by Hedef Portföy Yönetimi A.Ş. Fund size TRY 4.1B as of October 15, 2026, 6,593 investors.
Fon'un yatırım stratejisi çerçevesinde, Fon toplam değerinin tamamı devamlı olarak vadesine en fazla 184 gün kalmış likiditesi yüksek katılım finans esasları ile uyumlu para ve sermaye piyasası araçlarına yatırılır ve fon portföyünün günlük olarak hesaplanan ağırlıklı ortalama vadesi 45 günü aşamaz. Fon portföyüne vadeye kalan gün sayısı hesaplanamayan varlıklar dahil edilemez.
Last updated: Source: TEFAS
Frequently Asked Questions
Is the HPH fund open to trading?
SPK decided to liquidate HPH 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 2.465227 as of October 15, 2026.
When was the last price of HPH published?
The last official unit price of HPH is TRY 2.465227 as of October 15, 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 HPH. 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 HPH return over the last year?
Based on the last price published on TEFAS (October 15, 2026), HPH returned 42.31% over the last year, 31.46% year to date, 7.29% over 3 months and 1.34% over 1 month. Past performance does not indicate future returns.
What were the highest and lowest prices of HPH over the last year?
Between October 15, 2025 and October 15, 2026 the unit price of HPH ranged from a low of TRY 1.732297 (October 15, 2025) to a high of TRY 2.465227 (October 15, 2026). The latest price as of October 15, 2026 is TRY 2.465227.
What is the risk score of HPH?
The CMB risk score of HPH is 1 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 HPH?
The annual management fee of HPH is 1.25%; the purchase value date is T+0 and the redemption value date T+0. Fees are reflected in the fund price rather than charged separately.
What does HPH invest in?
The portfolio of HPH consists mainly of Investment Fund Participation Shares (59.52%), Private Sector Lease Certificates (28.93%), Participation Account (TL) (10.84%). Fon'un yatırım stratejisi çerçevesinde, Fon toplam değerinin tamamı devamlı olarak vadesine en fazla 184 gün kalmış likiditesi yüksek katılım finans esasları ile uyumlu para ve sermaye piyasası araçlarına yatırılır ve fon portföyünün günlük olarak hesaplanan ağırlıklı ortalama vadesi 45 günü aşamaz. Fon portföyüne vadeye kalan gün sayısı hesaplanamayan varlıklar dahil edilemez.
Which other funds are in the same category as HPH?
HPH belongs to the Shariah-compliant Fund category. Compare the returns of all funds in the category on the category page and the overall ranking on the best funds page.