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    Overview

    As the world's third-largest pension fund by total assets, the NPF amounted to KRW 1,526.1 trillion, which is calculated by substracting pension benefits and general & administrative expenses of KRW 448.1 trillion from contributions and investment income of KRW 1,974.2 trillion.

    The Fund

    Revenues1,974.2KRW tn

    Revenues

    • Contributions, etc.939.9
    • Investment Income1,034.3
    Expenses448.1KRW tn

    Expenses

    • Pension Benefits434.5
    • Operating Expenses, etc.13.6
    Total AUM1,526.1KRW tn

    Total AUM

    • Financials1,524.4
    • Welfare & Others1.7
    The Fund

    Asset Allocation

    Global Equity 36.5%, Domestic Equity 21.0%, Altematives 16.2%, Global Fixed Income 6.9%, Domestic Fixed Income 19.2%, Short-term Assets 0.2%, Welfare/Others 0.1%

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

    Total AUM1526.1KRW tn
    기금 포트폴리오 구성별 규모
    Financials 1524.4KRW tn 99.9 %
    Domestic Equity 320.9KRW tn 21.0 %
    Domestic Fixed income 292.6KRW tn 19.2 %
    Global Equity 557.0KRW tn 36.5 %
    Global Fixed Income 105.3KRW tn 6.9 %
    Alternatives 247.6KRW tn 16.2 %
    Short-term Assets 3.0KRW tn 0.2 %
    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) 4.42% (2026.1~2026.3)
    • 3-Year 16.05% (2023~2025)
    • Since Inception 8.04% (1988~2025)
    • Investment Income
    • YTD (Preliminary) KRW 65.0 tn (2026.1~2026.3)
    • 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