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    Overview

    As the world's third-largest pension fund by total assets, the NPF amounted to KRW 1,848.7 trillion, which is calculated by substracting pension benefits and general & administrative expenses of KRW 457.4 trillion from contributions and investment income of KRW 2,306.1 trillion.

    The Fund

    Revenues2306.1KRW tn

    Revenues

    • Contributions, etc.951.2
    • Investment Income1354.9
    Expenses457.4KRW tn

    Expenses

    • Pension Benefits443.6
    • Operating Expenses, etc.13.7
    Total AUM1848.7KRW tn

    Total AUM

    • Financials1847.7
    • Welfare & Others1.0
    The Fund

    Asset Allocation

    Global Equity 35.2%, Domestic Equity 29.4%, Altematives 13.8%, Global Fixed Income 5.8%, Domestic Fixed Income 15.7%, Short-term Assets 0.2%, Welfare/Others 0.1%

    As of end- May 2026, Unit : trillion won, %

    Total AUM1848.7KRW tn
    기금 포트폴리오 구성별 규모
    Financials 1847.7KRW tn 99.9 %
    Domestic Equity 543.6KRW tn 29.4 %
    Domestic Fixed income 289.6KRW tn 15.7 %
    Global Equity 650.7KRW tn 35.2 %
    Global Fixed Income 107.0KRW tn 5.8 %
    Alternatives 254.5KRW tn 13.8 %
    Short-term Assets 4.2KRW tn 0.2 %
    Welfare/Others 1.0KRW tn 0.1 %
    Our Portfolio

    Portfolio Breakdown

    The National Pension Fund is invested in domestic equity, global equity, domestic fixed income, global fixed income and alternatives in accordance with the Guideline for National Pension Fund Management.

    Our Performance

    • Rate of Return
    • YTD (Preliminary) 26.18% (2026.1~2026.5)
    • 3-Year 16.05% (2023~2025)
    • Since Inception 8.04% (1988~2025)
    • Investment Income
    • YTD (Preliminary) KRW 385.5 tn (2026.1~2026.5)
    • 3-Year KRW 518.1 tn (2023~2025)
    • Since Inception KRW 969.3 tn (1988~2025)

    Note: Investment income over multiple years represents the cumulative total generated during the period, and a return over multiples years is annualized.

    Our Performance