TEFASRisk 2/7Price Oct 15, 2026
Hedef Portföy Kısa Vadeli Serbest (TL) Fon KSA
- Fund size (Oct 15, 2026)
- TRY 12.7B
- Investors
- 3,896
- Management fee (annual)
- 2.25%
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
KSA Fund Price Chart
Key Data
- Price
- 4.305738Oct 15, 2026
- Daily change
- 0.06%
- Trading status
- In liquidation
- Category
- Hedge Fund
- Umbrella fund
- Hedge
- Manager
- Hedef Portföy Yönetimi A.Ş.
- Risk score
- 2 / 7
- Fund size
- TRY 12.7BOct 15, 2026
- Investors
- 3,896
- Units outstanding
- 3B
- Purchase / redemption value date
- T+0 / T+0
- Min. purchase (units)
- 1
- Trading hours
- 09:00 – 13:30
- ISIN
- TRYHDFP00565
- Inception date
- Jun 19, 2023
- Benchmark
- %80 BIST-KYD 1 Aylık Mevduat TL Endeksi + %20 BISTKYD Repo (Brüt) Endeksi'
KSA Return Comparison
| Comparison | 1M | 3M | 6M | YTD | 1Y |
|---|---|---|---|---|---|
| KSA | 1.76% | 9.35% | 21.02% | 35.99% | 48.57% |
| Category average | 0.71% | 5.19% | 11.33% | 18.21% | 24.60% |
| BIST 100 | −8.02% | −15.30% | −15.01% | 7.18% | 16.39% |
| Category rank | 131 / 324 | 83 / 324 | 56 / 324 | 32 / 324 | 23 / 295 |
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.
KSA Fund Review and Performance Summary
KSA returned 48.57% over the last year, ranking 23 of 295 funds in the Hedge Fund category. Over the same period: category average 24.60%, BIST 100 16.39%.
Between October 15, 2025 and October 15, 2026 the unit price ranged from a low of TRY 2.898124 (October 15, 2025) to a high of TRY 4.305738 (October 15, 2026). The latest price is at the high of the period.
Annualized volatility based on daily price changes: 1.56%. The price rose on 250 of 250 trading days.
Monthly returns were positive in 12 of the last 12 months; best month June 2026 (4.05%), weakest month September 2026 (2.71%).
Between October 15, 2025 and October 15, 2026 the number of investors rose 15.95%, from 3,360 to 3,896. Fund size grew from TRY 10B to TRY 12.7B over the same period.
Highest one-year returns in the category: IJI (80.48%), RBR (69.35%), FYI (68.33%).
KSA monthly returns
| Month | Month-end price (TRY) | Monthly return |
|---|---|---|
| September 2026 | 4.273193 | 2.71% |
| August 2026 | 4.160504 | 3.64% |
| July 2026 | 4.014424 | 3.60% |
| June 2026 | 3.875037 | 4.05% |
| May 2026 | 3.724220 | 2.92% |
| April 2026 | 3.618550 | 3.45% |
| March 2026 | 3.497905 | 3.65% |
| February 2026 | 3.374668 | 3.17% |
| January 2026 | 3.270906 | 3.31% |
| December 2025 | 3.166253 | 3.64% |
| November 2025 | 3.054925 | 3.44% |
| October 2025 | 2.953314 | 3.72% |
This summary is calculated automatically from TEFAS price history and category data; it is not investment advice. Past performance does not indicate future returns.
KSA Asset Allocation
- Deposits (TL)53.19%
- Corporate Bond27.68%
- Commercial Paper14.77%
- Participation Account (TL)2.68%
- Private Sector Lease Certificates0.78%
- Other0.90%
KSA Largest Holdings
Net Flows
Investors
Similar Funds
| Fund | 1 month | YTD | 1 year |
|---|---|---|---|
 FBIFiba Portföy Birinci Serbest (Döviz) Fon | 1.83% | 18.04% | 21.99% |
 YPLYapı Kredi Portföy Balat Serbest (Döviz) Fon | 0.48% | 15.88% | 22.89% |
 KVSAzimut Portföy Kısa Vadeli Serbest (TL) Fon | 3.05% | 36.53% | 48.48% |
| FSFFiba Portföy Para Piyasası Serbest (TL) Fon | 2.98% | 34.85% | 46.16% |
 FMGQNB Portföy Gümüş Serbest Fon | −4.50% | −9.62% | 32.53% |
Related Pages
About the KSA Fund
SPK decided to liquidate KSA 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 4.305738. Hedef Portföy Kısa Vadeli Serbest (TL) Fon is a mutual fund in the Hedge Fund category founded by Hedef Portföy Yönetimi A.Ş. Fund size TRY 12.7B as of October 15, 2026, 3,896 investors.
Fon portföyünde TL cinsinden olması koşuluyla; kamu ve özel sektör borçlanma araçları, Takasbank para piyasası işlemleri ve yurt içi organize para piyasası işlemleri, Türkiye Cumhuriyet Merkez Bankası (TCMB), Hazine ve İpotek Finansmanı Kuruluşları tarafından ihraç edilen para ve sermaye piyasası araçları, kamu ve/veya özel sektör tarafından ihraç edilen kira sertifikaları ile varlığa/ipoteğe dayalı menkul kıymetler ve/veya ipotek ve varlık teminatlı menkul kıymetler, yurt dışında ihraç olan TL cinsi menkul kıymetler, gelir ortaklığı senetleri, yapılandırılmış yatırım araçları, varantlar, sertifikalar, para piyasası enstrümanları ile organize piyasalarda veya borsa dışında repo ve ters repo yer alabilir. Portföyün vadeli/vadesiz mevduatta veya katılma hesaplarında değerlendirilmesi de söz konusu olabilecektir. Bu varlıklara dayalı veya bu varlıklardan oluşan endekslere dayalı borsada veya tezgahüstü piyasalarda işlem gören türev işlemlere yatırım yapılabilir. VİOP'ta işlem gören vadeli sözleşmeler ve opsiyonlar fon portföyüne dahil edilebilir.
Last updated: Source: TEFAS
Frequently Asked Questions
Is the KSA fund open to trading?
SPK decided to liquidate KSA 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 4.305738 as of October 15, 2026.
When was the last price of KSA published?
The last official unit price of KSA is TRY 4.305738 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 KSA. 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 KSA return over the last year?
Based on the last price published on TEFAS (October 15, 2026), KSA returned 48.57% over the last year, 35.99% year to date, 9.35% over 3 months and 1.76% over 1 month. Past performance does not indicate future returns.
What were the highest and lowest prices of KSA over the last year?
Between October 15, 2025 and October 15, 2026 the unit price of KSA ranged from a low of TRY 2.898124 (October 15, 2025) to a high of TRY 4.305738 (October 15, 2026). The latest price as of October 15, 2026 is TRY 4.305738.
What is the risk score of KSA?
The CMB risk score of KSA 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 KSA?
The annual management fee of KSA is 2.25%; 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 KSA invest in?
The portfolio of KSA consists mainly of Deposits (TL) (53.19%), Corporate Bond (27.68%), Commercial Paper (14.77%). Fon portföyünde TL cinsinden olması koşuluyla; kamu ve özel sektör borçlanma araçları, Takasbank para piyasası işlemleri ve yurt içi organize para piyasası işlemleri, Türkiye Cumhuriyet Merkez Bankası (TCMB), Hazine ve İpotek Finansmanı Kuruluşları tarafından ihraç edilen para ve sermaye piyasası araçları, kamu ve/veya özel sektör tarafından ihraç edilen kira sertifikaları ile varlığa/ipoteğe dayalı menkul kıymetler ve/veya ipotek ve varlık teminatlı menkul kıymetler, yurt dışında ihraç olan TL cinsi menkul kıymetler, gelir ortaklığı senetleri, yapılandırılmış yatırım araçları, varantlar, sertifikalar, para piyasası enstrümanları ile organize piyasalarda veya borsa dışında repo ve ters repo yer alabilir. Portföyün vadeli/vadesiz mevduatta veya katılma hesaplarında değerlendirilmesi de söz konusu olabilecektir. Bu varlıklara dayalı veya bu varlıklardan oluşan endekslere dayalı borsada veya tezgahüstü piyasalarda işlem gören türev işlemlere yatırım yapılabilir. VİOP'ta işlem gören vadeli sözleşmeler ve opsiyonlar fon portföyüne dahil edilebilir.
Which other funds are in the same category as KSA?
KSA 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.