Page 89 - BES2016_ING

Individual Pension System 2016 Progress Report

2.7 Risk Analysis of Pension Mutual Funds

Top 20 Funds according to Sharpe Ratios

In this report, Sharpe ratio has been calculated from the date on which the funds were offered to public and TKYD (Turkish
Institutional Investment Managers’ Association) O/N net repo index is used as rate of risk free return in the calculation.

2016 Ranking Pension Mutual Funds Average Standard 2016 2015
2015 Ranking Deviation Sharpe Sharpe
Date Of Public Monthly ratio (m)
(m) (%) ratio
Offering Return (%) (m)

1 1 Halk Hayat ve Emeklilik A.Ş. Gov't Bonds And Bills (FX) Income 13.06.2012 1.17 1.75 0.29 0.27
PMF

2 2 Allianz Hayat ve Emeklilik A.Ş. Gov't Bonds And Bills Income 24.04.2008 1.21 2.52 0.19 0.18
Group (FX) PMF

3 11 Allianz Yaşam ve Emeklilik A.Ş. Pera A Flexible Group PMF 19.08.2011 0.86 0.89 0.19 0.12

4 7 Allianz Yaşam ve Emeklilik A.Ş. Koç Share Index PMF 01.03.2012 1.50 5.15 0.16 0.15

5 4 Cigna Finans Emeklilik ve Hayat A.Ş. Stock Growth PMF 07.11.2008 1.71 6.51 0.16 0.16

6 8 Groupama Emeklilik A.Ş. Gov't Bonds And Bills (FX) PMF 03.09.2008 1.12 2.83 0.15 0.13
1.07 2.60 0.15 0.12
7 9 Fiba Emeklilik ve Hayat A.Ş. Second Gov't Bonds And Bills 07.11.2008 1.05 2.43 0.15 0.12
Income (FX) PMF 1.71 7.09 0.15 0.16

8 12 Ziraat Hayat ve Emeklilik A.Ş. Gov't Bonds And Bills (FX) Income 01.07.2011
PMF

9 3 Fiba Emeklilik ve Hayat A.Ş. Stock Growth PMF 07.11.2008

10 14 Allianz Yaşam ve Emeklilik A.Ş. Pera H Flexible Group PMF 19.08.2011 0.78 0.68 0.14 0.09

11 5 Fiba Emeklilik ve Hayat A.Ş. Flexible Growth PMF 07.11.2008 1.07 2.88 0.14 0.16

12 - Katılım Emeklilik ve Hayat A.Ş. Alternative Gold PMF 16.07.2014 1.33 4.34 0.13 -
18.11.2009 0.93 2.12 0.13 0.11
13 13 Metlife Emeklilik ve Hayat A.Ş. Gov't Bonds And Bills (FX) 19.08.2011 0.80 0.88 0.12 0.09
Income PMF

14 15 Allianz Yaşam ve Emeklilik A.Ş. Pera Y Flexible Group PMF

15 6 Asya Emeklilik ve Hayat A.Ş. Stock Participation Growth PMF 28.05.2012 1.16 4.31 0.11 0.15

16 10 NN Hayat ve Emeklilik A.Ş. Flexible Growth PMF 02.06.2008 1.04 2.94 0.11 0.12

17 16 Avivasa Emeklilik ve Hayat A.Ş. Flexible Income PMF 22.02.2005 0.94 0.48 0.10 0.09
19.12.2011 0.86 1.86 0.10 0.04
18 40 Axa Hayat ve Emeklilik A.Ş. Gov't Bonds And Bills Income (FX) 18.11.2011 1.19 5.47 0.09 0.09
PMF

19 17 Garanti Emeklilik ve Hayat A.Ş. Stock Group PMF

20 26 Avivasa Emeklilik ve Hayat A.Ş. Gov't Bonds And Bills Group PMF 04.01.2006 1.07 2.45 0.09 0.07

T.9 (m) These calculations are based on the monthly average returns.
The calculations are from the date on which funds are offered to public.
Sharpe ratio for funds offered to public before 24 months are not calculated.
2016 Sharpe ratio is used as the sort key.
Calculation details for the values ?i?n the table are given in the calculation method link on page 91.

87 Pension Mutual Funds and State Contribution Funds