- Fund size (Sep 16, 2026)
- TRY 243.6B
- Investors
- 104,210
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 (September 16, 2026). SPK bulletin 2026/60 · List of funds in liquidation
At a Glance: TLY Fund
- The TLY fund is on the liquidation list of Capital Markets Board (SPK) bulletin 2026/60 dated September 17, 2026. Liquidated funds
- According to Yatırımcı.AI data, the last official price of the TLY fund was TRY 10,308.967128 (September 16, 2026); no buy or redemption orders are executed.
- The TLY fund returned 19.71% over 1 month, 251.81% year to date and 668.68% over 1 year.
- The TLY fund has total assets of TRY 243.6B and 104,210 investors.
- The TLY fund is in the Hedge Fund category, with a CMB (SPK) risk score of 7 out of 7.
- The TLY fund was established by Tera Portföy Yönetimi A.Ş.
What is the TLY fund?
TLY is the fund code of Tera Portföy Birinci Serbest Fon. It was established by Tera Portföy Yönetimi A.Ş. The TLY 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 TLY fund price and return?
The last official price of the TLY fund was TRY 10,308.967128 (September 16, 2026). It returned 19.71% over 1 month, 251.81% year to date and 668.68% over 1 year.
Is the TLY fund being liquidated?
Yes. The TLY 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.
TLY Fund Price Chart
Key Data
- Price
- 10,308.967128Sep 16, 2026
- Daily change
- 1.73%
- Trading status
- In liquidation
- Category
- Hedge Fund
- Umbrella fund
- Hedge
- Manager
- Tera Portföy Yönetimi A.Ş.
- Risk score
- 7 / 7
- Fund size
- TRY 243.6BSep 16, 2026
- Investors
- 104,210
- Units outstanding
- 23.6M
- Purchase / redemption value date
- T+1 / T+2
- Min. purchase (units)
- 1
- Trading hours
- 09:00 – 17:45
- ISIN
- TRYTRPY00025
- Inception date
- Mar 11, 2021
- Benchmark
- %100 BIST-KYD 1 Aylık Mevduat TL Endeksi getirisi
TLY Return Comparison
| Comparison | 1M | 3M | 6M | YTD | 1Y |
|---|---|---|---|---|---|
| TLY | 19.71% | 59.85% | 139.92% | 251.81% | 668.68% |
| Category average | 1.13% | 5.16% | 10.27% | 18.38% | 22.80% |
| BIST 100 | −11.45% | −18.53% | −22.18% | −0.98% | 2.58% |
| Category rank | 2 / 324 | 1 / 324 | 1 / 324 | 1 / 324 | 1 / 302 |
Returns are calculated from the last price published on TEFAS (September 16, 2026). The amount paid to investors in liquidation depends on the cash raised from selling the portfolio and may differ from these returns. Long-term returns can look extremely high when a fund started from a very low price or rose sharply in a short time. Past performance does not indicate future returns.
TLY Fund Review and Performance Summary
TLY returned 668.68% over the last year, ranking 1 of 302 funds in the Hedge Fund category. Over the same period: category average 22.80%, BIST 100 2.58%.
Between September 16, 2025 and September 16, 2026 the unit price ranged from a low of TRY 1,341.123869 (September 16, 2025) to a high of TRY 10,308.967128 (September 16, 2026). The latest price is at the high of the period.
The largest decline in the period was 4.22% (from the May 21, 2026 high to May 22, 2026). Annualized volatility based on daily price changes: 21.45%. The price rose on 206 of 251 trading days.
Monthly returns were positive in 12 of the last 12 months; best month October 2025 (68.86%), weakest month May 2026 (6.28%).
Between September 16, 2025 and September 16, 2026 the number of investors rose 369.79%, from 21,843 to 102,616. Fund size grew from TRY 23.1B to TRY 243.6B over the same period.
Highest one-year returns in the category: BSM (90.26%), RBR (70.70%), GZM (70.13%).
TLY monthly returns
| Month | Month-end price (TRY) | Monthly return |
|---|---|---|
| August 2026 | 9,145.580810 | 16.99% |
| July 2026 | 7,817.617922 | 12.87% |
| June 2026 | 6,926.266090 | 24.75% |
| May 2026 | 5,552.062710 | 6.28% |
| April 2026 | 5,223.812438 | 12.63% |
| March 2026 | 4,638.074312 | 18.94% |
| February 2026 | 3,899.452408 | 14.91% |
| January 2026 | 3,393.579372 | 15.81% |
| December 2025 | 2,930.287064 | 9.85% |
| November 2025 | 2,667.471199 | 9.19% |
| October 2025 | 2,442.907653 | 68.86% |
| September 2025 | 1,446.711891 | 22.03% |
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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TLY Asset Allocation
- Stock87.43%
- Investment Fund Participation Shares8.90%
- Commercial Paper4.49%
- Private Sector Lease Certificates3.41%
- Switched-Repo2.67%
- Other0.71%
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 −7.61%.
Stocks in the TLY Fund
DSTKFDestek Finans Faktoring25.32%4.27%
OZATDOzata Denizcilik20.22%0.79%
TEHOLTera Yatirim Tek. Hol.14.42%3.79%
TRHOLTera Finansal Yat. Hol.8.46%1.72%
PEKGYPeker GMYO6.43%−2.46%
Net Flows
Investors
Similar Funds
| Fund | 1 month | YTD | 1 year |
|---|---|---|---|
 GROGaranti Portföy Otuzuncu Serbest (Döviz) Fon | 2.15% | 19.33% | 23.07% |
 ONSİş Portföy Onikinci Serbest (Döviz) Fon | 2.18% | 19.50% | 23.20% |
 PALAk Portföy Altıncı Serbest (Döviz) Fon | 2.18% | 19.38% | 23.09% |
| EUZGaranti Portföy Serbest (Döviz-Avro) Fon | 0.36% | 12.50% | 17.29% |
 FPZQNB Portföy Birinci Serbest (Döviz) Fon | 2.12% | 19.25% | 22.95% |
Related Pages
About the TLY Fund
SPK decided to liquidate TLY 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 (September 16, 2026): TRY 10,308.967128. Tera Portföy Birinci Serbest Fon is a mutual fund in the Hedge Fund category founded by Tera Portföy Yönetimi A.Ş. Fund size TRY 243.6B as of September 16, 2026, 104,210 investors.
Fon un yatırım stratejisi makroekonomik ve finansal piyasaları etkileyen diğer faktörlerin analizi ve beklentilere göre yatırım öngörüsü doğrultusunda hem TL hem de döviz cinsi para ve sermaye piyasası araçlarına, finansal işlemlere ve menkul kıymetlere yatırım yaparak sermaye kazancı ve faiz geliri sağlamak ve portföy değerini artırmayı amaçlamaktadır.
Last updated: Source: TEFAS
Frequently Asked Questions
Is the TLY fund open to trading?
SPK decided to liquidate TLY 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 10,308.967128 as of September 16, 2026.
When was the last price of TLY published?
The last official unit price of TLY is TRY 10,308.967128 as of September 16, 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. İş Bankası A.Ş. carries out the liquidation of TLY. 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 TLY return over the last year?
Based on the last price published on TEFAS (September 16, 2026), TLY returned 668.68% over the last year, 251.81% year to date, 59.85% over 3 months and 19.71% over 1 month. Past performance does not indicate future returns.
What were the highest and lowest prices of TLY over the last year?
Between September 16, 2025 and September 16, 2026 the unit price of TLY ranged from a low of TRY 1,341.123869 (September 16, 2025) to a high of TRY 10,308.967128 (September 16, 2026). The latest price as of September 16, 2026 is TRY 10,308.967128.
What is the risk score of TLY?
The CMB risk score of TLY 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 does TLY invest in?
The portfolio of TLY consists mainly of Stock (87.43%), Investment Fund Participation Shares (8.90%), Commercial Paper (4.49%). Fon un yatırım stratejisi makroekonomik ve finansal piyasaları etkileyen diğer faktörlerin analizi ve beklentilere göre yatırım öngörüsü doğrultusunda hem TL hem de döviz cinsi para ve sermaye piyasası araçlarına, finansal işlemlere ve menkul kıymetlere yatırım yaparak sermaye kazancı ve faiz geliri sağlamak ve portföy değerini artırmayı amaçlamaktadır.
Which stocks does the TLY fund hold?
According to the 2026W35 portfolio report, the largest holdings of TLY are DSTKF (25.32%), OZATD (20.22%), TEHOL (14.42%), TRHOL (8.46%), PEKGY (6.43%). All holdings and their weight changes against the previous month are on the portfolio page.
Which other funds are in the same category as TLY?
TLY 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.