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    Overview

    As the world's third-largest pension fund by total assets, the NPF amounted to KRW 1,361.2 trillion, which is calculated by substracting pension benefits and general & administrative expenses of KRW 421.4 trillion from contributions and investment income of KRW 1782.6 trillion.

    The Fund

    Revenues1782.6KRW tn

    Revenues

    • Contributions, etc.906.2
    • Investment Income876.4
    Expenses421.4KRW tn

    Expenses

    • Pension Benefits408.2
    • Operating Expenses, etc.13.2
    Total AUM1361.2KRW tn

    Total AUM

    • Financials1359.5
    • Welfare & Others1.7
    The Fund

    Asset Allocation

    As of end-Sep 2025, Unit : trillion won, %

    Total AUM1361.2KRW tn
    기금 포트폴리오 구성별 규모
    Financials 1359.5KRW tn 99.9 %
    Domestic Equity 211.9KRW tn 15.6 %
    Domestic Fixed income 321.4KRW tn 23.6 %
    Global Equity 508.2KRW tn 37.3 %
    Global Fixed Income 96.6KRW tn 7.1 %
    Alternatives 217.0KRW tn 15.9 %
    Short-term Assets 4.3KRW tn 0.3 %
    Welfare/Others 1.7KRW 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) 11.31% (2025.1~2025.9)
    • 3-Year 6.98% (2022~2024)
    • Since Inception 6.82% (1988~2024)
    • Investment Income
    • YTD (Preliminary) KRW 138.7 tn (2025.1~2025.9)
    • 3-Year KRW 206.9 tn (2022~2024)
    • Since Inception KRW 737.7 tn (1988~2024)

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

    Our Performance