Page 84 - BES2016_ING

Individual Pension System 2016 Progress Report

Total Net Asset Values of State Contribution Funds according to Founder

Net Asset Value (TL Million) 1,500 Net Asset Value (TL Million) 120
1,200
100
900
600 80

60

40

20

0
FNS KTE GRP ASY AXA FBA AEG
Pension Companies

300

0

AND AVI GRN ALY VKF ZRT HLK NNE ALZ CRD MET

G.25 Pension Companies

Chart rankings, the total net asset value of the company is made according to the size.
The abbreviations used for Pension Companies given on page 91.

The graph above indicates total net asset values of state contribution funds according to founder as of December 31,
2016.

Asset Allocation of State Contribution Funds according to Founder

Gov't Bonds and Bills (TL) Shares Gov't Bonds and Bills (FX) Takasbank Money Market
Reverse Repo Private Sector Bonds and Bills Other
Foreign Securities
13 10 12 6 11 13 13 9 14 7 14 11 14 12
100 545 55588 955

12 13 5 12 10
90

80 5 4

70

Return (%) 60

50
40 88 80 93 83 90 82 85 82 92 83 81 81 83 77 91 84 80 81 82
30

20

10

0
AEG ALY ALZ AND ASY AVI AXA CRD FBA FNS GRN GRP HLK NNE KTE MET VKF ZRT IPS
Pension Companies

Ratios less than 2% are not used for the graphic data tag.
Ranking made according to the abbreviations. The abbreviations used for Pension Companies given on page 91.

G.26 The graph above shown that average portfolio allocation according to founder. When calculating portfolio allocation,
founders funds daily asset values are weighted with net asset values and annual averages calculated for every
G.2 investment vehicle according to the founder.
Funds offered to public in 2016 are included in the calculations.
State Contribution funds can invest according to the legal framework, as shown table that can be
found at the following address; http://www.egm.org.tr/bes2016gr/dk_portfoy_sinirlamalari.xlsx

Pension Mutual Funds and State Contribution Funds 82