Page 74 - BES2016_ING

Individual Pension System 2016 Progress Report

Pension Mutual Funds’ Performance Analysis according to Benchmark*

Pension Mutual Funds Return (%)
Allianz Yaşam ve Emeklilik A.Ş. Koç Share Index PMF Real Return (%)
Aegon Emeklilik ve Hayat A.Ş. Stock Income PMF Gross Real Return
Axa Hayat ve Emeklilik A.Ş. Stock Growth PMF (Increased by Fund
Avivasa Emeklilik ve Hayat A.Ş. Flexible PMF Manangement Fee) (%)
Ranking of Return
Ranking of Gross Real
Return
Benchmark Return (%)
Real Benchmark Return (%)
Difference (Return -
Benchmark Return)1 (%)
Difference (Gross Real
Return - Real Benchmark
Return)2 (%)
Internal Rate Return (%)
Ranking of Internal Rate
Return

20.81 11.31 13.41 22 21 19.37 9.99 1.44 3.42 12.88 53
10.40 1.72 3.74 95 92 9.22 0.63 1.18 3.10 4.66 194
10.65 1.95 4.19 91 85 9.49 0.88 1.16 3.30 7.24 130
11.67 2.89 4.85 76 73 10.61 1.91 1.06 2.93 9.22 85

Halk Hayat ve Emeklilik A.Ş. Flexible PMF 10.30 1.63 3.92 97 89 9.25 0.66 1.05 3.25 6.97 136
Avivasa Emeklilik ve Hayat A.Ş. Flexible Growth PMF 11.54 2.77 5.08 77 67 10.61 1.91 0.93 3.16 9.16 87
2.76 8.69 93
Avivasa Emeklilik ve Hayat A.Ş. Balanced PMF 11.20 2.46 4.38 83 81 10.29 1.62 0.91 2.96 5.84 161
1.87 17.13 39
Anadolu Hayat Emeklilik A.Ş. Stock Growth PMF 10.05 1.40 3.64 107 94 9.27 0.68 0.78 1.78 36.75 5
2.69 29.06 9
Asya Emeklilik ve Hayat A.Ş. Gold Participation PMF 29.93 19.72 20.92 4 5 29.20 19.05 0.73 2.90 8.51 96
Avivasa Emeklilik ve Hayat A.Ş. First Flexible PMF 22.74 13.09 14.23 18 19 22.04 12.45 0.70 2.53 5.90 156
Ziraat Hayat ve Emeklilik A.Ş. Gov't Bonds And Bills (FX) Income PMF 18.56 9.24 11.30 25 25 17.86 8.60 0.70 2.55 7.27 129
Garanti Emeklilik ve Hayat A.Ş. Flexible (TL) PMF 11.34 2.59 4.87 82 72 10.67 1.97 0.67 1.26 14.37 50
Allianz Yaşam ve Emeklilik A.Ş. BIST Dividend Index PMF 12.71 3.85 5.80 62 63 12.08 3.27 0.63 1.44 7.35 126
Allianz Yaşam ve Emeklilik A.Ş. Ata Finans Flex. Growth Grp. PMF 11.07 2.34 4.39 86 79 10.53 1.84 0.54 2.61 5.47 173
Allianz Yaşam ve Emeklilik A.Ş. Pera H Flexible Group PMF 12.31 3.48 4.26 67 84 11.79 3.00 0.52 1.15 8.81 91
Groupama Emeklilik A.Ş. Flexible Group PMF 10.29 1.62 2.64 98 115 9.84 1.20 0.45 2.65 7.45 123
Garanti Emeklilik ve Hayat A.Ş. Flexible Alternative PMF 0.43 1.32 5.15 181
8.15 -0.35 1.87 195 151 7.72 -0.75 2.55 7.86 111
1.34 5.67 170
Allianz Yaşam ve Emeklilik A.Ş. Unilever Flexible Income Group PMF 11.49 2.73 3.50 79 98 11.08 2.35 0.41 2.54 3.29 233
1.05 13.00 52
Groupama Emeklilik A.Ş. Flexible PMF 10.24 1.58 3.86 99 90 9.84 1.20 0.40 1.34 9.55 76
1.34 9.55 77
Garanti Emek. ve Hayat A.Ş. Gov't Bonds And Bills Income Group PMF 10.05 1.40 2.40 108 125 9.70 1.08 0.35 1.34 9.56 74
1.32 9.56 75
Anadolu Hayat Emeklilik A.Ş. Flexible Growth PMF 9.60 0.99 3.22 129 101 9.25 0.67 0.35 1.17 9.68 72
0.35 1.32 9.52 78
Vakıf Emeklilik A.Ş. Gov't Bonds And Bills Group Income PMF 9.82 1.19 2.20 117 135 9.47 0.87 0.34 2.02 7.47 122
0.30 1.30 23.58 17
Metlife Emeklilik ve Hayat A.Ş. Stock Growth PMF 9.52 0.91 3.14 134 105 9.18 0.60 0.30 1.21 9.63 73
0.29 1.18 9.40 81
Allianz Yaşam ve Emeklilik A.Ş. Pera Y Flexible Group PMF 12.09 3.28 4.05 70 88 11.79 3.00 0.29 2.06 5.85 160
0.28 1.17 9.99 65
Avivasa Emeklilik ve Hayat A.Ş. First Money Market Flexible Liquid PMF 9.81 1.18 2.24 118 130 9.51 0.91 0.27

Ziraat Hayat ve Emeklilik A.Ş. Flexible Liquid PMF 9.81 1.18 2.25 119 127 9.52 0.91

Fiba Emeklilik ve Hayat A.Ş. Flexible Liquid PMF 9.86 1.23 2.30 113 126 9.57 0.96

Avivasa Emek. ve Hayat A.Ş. Second Money Market Flexible Liquid PMF 9.79 1.16 2.22 122 132 9.51 0.91

Vakıf Emeklilik A.Ş. Money Market Flexible Liquid PMF 9.80 1.17 2.09 120 138 9.53 0.92

Groupama Emeklilik A.Ş. Flexible Liquid PMF 9.78 1.15 2.22 123 133 9.51 0.91 0.27

Cigna Fınans Emeklilik ve Hayat A.Ş. Flexible Growth PMF 9.85 1.22 2.99 114 108 9.58 0.97 0.27

Groupama Emeklilik A.Ş. Gov't Bonds And Bills (FX) PMF 18.37 9.07 10.16 26 30 18.14 8.86 0.23
Vakıf Emeklilik A.Ş. Flexible Liquid Group PMF 9.74 1.11 2.13 124 137 9.53 0.92 0.21
Anadolu Hayat Emeklilik A.Ş. Money Market Flexible Liquid PMF 9.65 1.03 2.05 126 139 9.47 0.87 0.18
Allianz Yaşam ve Emeklilik A.Ş. Standard PMF 9.79 1.16 3.06 121 106 9.62 1.01 0.17
Avivasa Emeklilik ve Hayat A.Ş. Flexible Income PMF 0.16
10.43 1.75 2.77 94 112 10.27 1.60

Fiba Emeklilik ve Hayat A.Ş. Flexible Growth PMF 10.88 2.17 3.70 87 93 10.73 2.02 0.15 1.67 11.70 56
Katılım Emeklilik ve Hayat A.Ş. Alternative Gold PMF 29.36 19.19 20.45 9 9 29.21 19.06 0.15 1.40 16.72 44
NN Hayat ve Emeklilik A.Ş. Flexible PMF 10.60 1.91 4.13 92
87 10.52 1.83 0.08 2.30 7.61 116

BNP Paribas Cardif Emeklilik A.Ş. First Money Market Flexible Liquid PMF 9.63 1.01 2.05 127 140 9.60 0.98 0.03 1.06 9.47 79

T.4

*Analysis that difference of gross real returns and real benchmark returns are positive.
The funds offered to public in 2016 are excluded from the table.
1) Key ranking is made by decreasing fund performance that excess benchmark.
2) Gross real return is the nominal return that is decreased by inflation rate and fund management fee ratio has been ignored.

Pension Mutual Funds and State Contribution Funds 72