GCV GARANTİ EMEKLİLİK VE HAYAT A.Ş. BAŞLANGIÇ EMEKLİLİK YATIRIM FONU Garanti Emeklilik ve Hayat

Başlangıç

Summary

GCV primarily holds mevduat (tl). Over the past year it returned 49.5%; 13.1% above official inflation. With an annual 0.85% management fee, it trades in the Başlangıç Fonu category. Launched in 2017, it manages 1.9B ₺ in assets across 353,435 investors. (Average position: ~5.3K ₺)

NOMINAL RETURN · 1Y

+49.5%

CPI 32.1%

USD 16.9%

Real +13.1% (after inflation), compared with TÜİK-CPI (32.1%).

Fund Size

1.9B ₺

Total portfolio value

Net Flow

+51.5M ₺

monthly net in/out

Management Fee

0.85%

Charged from the fund whether you gain or lose.

Max Expense Ratio

1.09%

Annual cap for all expenses.

Withholding

%5–15

Varies by exit condition.

Withholding — By Exit Condition

10 yıldan az kalıp ayrılma %15
10 yıl+, emeklilik hakkı kazanmadan ayrılma %10
Emeklilik, vefat veya maluliyet nedeniyle ayrılma %5

Charged on the gain, upon exit from the system.

Mevduat (TL) 47.3%
Devlet Tahvili 27.4%
Katılım Hesabı (TL) 15.5%
Ters Repo 9.79%

Purchasing Power

₺ TÜFE

Period

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Nominal Return · —

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Unit-share return for the selected period. Pick a benchmark on the chart for purchasing power.

Return

1 Month +3.25%

3 Months +11.0%

6 Months +21.2%

YTD +24.1%

1 Year +49.5%

3 Years +263%

5 Years +457%

Holdings

Mevduat (TL) 47.3%
Devlet Tahvili 27.4%
Katılım Hesabı (TL) 15.5%

🎯 Declared Strategy

Comparison benchmark: %60 BIST-KYD 1 AYLIK MEVDUAT TL + %30 BIST-KYD DIBS 91 GUN + %10 BIST-KYD REPO (BRUT)

Investment objective / strategy

Fon portföyünün en az yüzde altmışı Türk Lirası cinsinden mevduat ve/veya katılma hesabında; en az yüzde yirmisi Müsteşarlıkça ihraç edilen Türk Lirası cinsinden azami 184 gün vadeli ve/veya vadesine azami 184 gün kalmış borçlanma araçlarında, gelir ortaklığı senetleri ve/veya kira sertifikalarında, kalanı ters repo, Takasbank ve/veya yurtiçi organize para piyasası işlemlerinde yatırıma yönlendirilir.

📋 Profile

ISIN code TRYGHEK00232

Founder GARANTİ EMEKLİLİK VE HAYAT A.Ş.

Portfolio manager firm GARANTİ PORTFÖY YÖNETİMİ A.Ş.

Inception date 2017-01-02

Fund term süresiz

Independent auditor GÜNEY BAĞIMSIZ DENETİM VE SERBEST MUHASEBECİ MALİ MÜŞAVİRLİK A.Ş.

Risk value 2

Volatility (1Y) 1.67%

Max Drawdown (1Y) -0.02% (Mar 2026)

📞 Contact

ContactLevent, Nispetiye Mah. Aytar Cad. No:2 34340 Beşiktaş/İSTANBUL

Tel4440336

e-PostaMusteriHizmetleri@garantibbvaemeklilik.com.tr

Authorized contacts

Müşteri İletişim Merkezi

444 0 336 MusteriHizmetleri@garantibbvaemeklilik.com.tr

Ülkü AKKOL Kıdemli Yönetmen

02123347000 UlkuAk@garantibbvaemeklilik.com.tr

Enes AKGÜN Kıdemli Yönetmen

02123347000 EnesAk@garantibbvaemeklilik.com.tr

Fund Profile

What is the GCV fund?

GCV is a pension fund managed by Garanti Emeklilik ve Hayat. It is offered through the Turkish pension (BES) system under the code GCV, in the Başlangıç category.

How has the GCV fund performed?

It returned 49.5% over the past year, in nominal terms. Adjusted for official inflation (TÜFE), its 1-year real return is +13.1%. Year to date it is 24.1%. Over 5 years it returned 457%.

What does the GCV fund hold?

Portfolio allocation: Mevduat (TL) 47.3%, Devlet Tahvili 27.4%, Katılım Hesabı (TL) 15.5%.

What does the GCV fund cost?

The annual management fee is 0.85%. Its total expense ratio is 1.09%.

How much withholding tax does the GCV fund carry?

Withholding is charged on the gain and ranges %5–15, depending on how you exit:

10 yıldan az kalıp ayrılma %15
10 yıl+, emeklilik hakkı kazanmadan ayrılma %10
Emeklilik, vefat veya maluliyet nedeniyle ayrılma %5

Rates are estimates; consult your tax advisor about your own situation.

Not investment advice

The information here is for informational purposes only and is not investment advice. Past performance does not guarantee future results. Source: TEFAS.