Page 82 - BES2016_ING

Individual Pension System 2016 Progress Report

Returns of Fund Groups and Alternative Investment Instruments in 2016

Gov't Bonds and Bills (TL) Liquid Precious Metal Stock
BIST - KYD TL Bono Indices All BIST - KYD Bond Indices 91 Days BIST - KYD Gold Price Indices BIST - 100
Standard Flexible Gov't Bonds and Bills (FX)
BIST - KYD O/N Repo Indices (Gross) Currency Basket IPS

Indice 135

130

125

120

115

110

105

100

95
G.23

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

The graph above indicates, index of fund groups and alternative invesment vehicles created from daily returns.

Individual Pension System Sector Returns, Sector Benchmark Returns and
Consumer Price Index Changes

Sector Return Sector Benchmark Return CPI

35

30

25

Return (%) 20

15

10

5

0

-5
G.24

31.01.2014
28.02.2014
31.03.2014
30.04.2014
31.05.2014
30.06.2014
31.07.2014
31.08.2014
30.09.2014
31.10.2014
30.11.2014
31.12.2014
31.01.2015
28.02.2015
31.03.2015
30.04.2015
31.05.2015
30.06.2015
31.07.2015
31.08.2015
30.09.2015
31.10.2015
30.11.2015
31.12.2015
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
Consumer Price Index (CPI) data were obtained from the Inflation and Prices field under the Turkstat Main Statistics.
State Contribution funds are excluded from calculations of sector returns and sector benchmark returns.

The above chart represents variation in the last three years by Consumer Price Index (CPI, with 2003 as the Reference
Year), for Individual Pension System (IPS) sector returns and the sector fund benchmark returns, calculated from
benchmarks of pension mutual funds.
The calculation used monthly cumulative variation percentages of sector returns, sector fund benchmark returns and
Consumer Price Index (CPI) from December 2013. Returns of fund groups and benchmark returns were obtained by
weighting funds and their benchmark returns with their daily net asset values.

Pension Mutual Funds and State Contribution Funds 80