Page 71 - BES2016_ING

Individual Pension System 2016 Progress Report

Net Asset Values of Pension Mutual Funds according to Founder and
Their Growth Rate in 2016

175 KTE

Growth (%) 150 AXA ZRT
GRN
125 VKF
AND AVI FNS HLK MET
100 NNE
CRD FBA
75
GRP
50
25 ALZ ASY

G.13 ALY
0

AEG
-25

-50

31.12.2016 net asset values, the amount of funds does not include State Contribution funds.
The size of the bubbles is proportional to the total net asset value of the companies
The abbreviations used for Pension Companies given on page 91.

Returns according to Fund Groups and Their Benchmarks in 2016

Gov't Bonds and Bills (TL) Stock Flexible Standard

Benchmark of Gov't Bonds and Bills (TL) Benchmark of Stock Benchmark of Flexible* Benchmark of Standard
Gov't Bonds and Bills (FX) Liquid Precious Metal Individual Pension System (IPS)
Benchmark of Precious Metal Benchmark of IPS
35 Benchmark of Gov't Bonds and Bills (FX) Benchmark of Liquid

30

25

Return (%) 20

15

10

5

0

-5
G.14

31.01.2016
29.02.2016
31.03.2016
30.04.2016
31.05.2016
30.06.2016
31.07.2016
31.08.2016
30.09.2016
31.10.2016
30.11.2016
31.12.2016
*Only benchmark can be calculated and offered to public before 2016 are calculated over 44 flexible funds.
The funds offered to public in 2016 are excluded from the table.

The chart above provides historical variation of average returns of the fund groups and their benchmarks
during 2016. Average returns of the fund groups and their benchmarks are calculated by weighting with
daily asset values of fundsand their benchmarks. Index values since the commencement of then system can
be found at the following address: http://www.egm.org.tr/bes2016gr/bes2016_index.pdf

69 Pension Mutual Funds and State Contribution Funds