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Portfolio Overview
Since the National Pension Fund (NPF) was established under the National Pension Act in 1988, the NPF has grown exponentially to reach KRW 918 trillion as of February 2022. The National Pension Service (NPS) focuses on delivering stable returns and better managing risks by scaling down the allocation to domestic fixed income and ramping up investments in domestic and overseas equities and alternative assets as part of its portfolio diversification strategy.
Fund Portfolio
(in trillion won, as of end-Feb 2022)
| Amount | Weight | |
|---|---|---|
| Total | 918.2 | 100% |
| Welfare Sector | 0.2 | 0.0% |
| Financials | 916.5 | 99.8% |
| Domestic Equity | 154.1 | 16.8% |
| Global Equity | 240.2 | 26.2% |
| Domestic Fixed Income | 332.4 | 36.2% |
| Global Fixed Income | 64.6 | 7.0% |
| Alternatives | 123.8 | 13.5% |
| Short-term Assets | 1.3 | 0.1% |
| Others | 1.5 | 0.2% |
Note:
1. To help better understand the composition of its portfolio, the NPS publishes the latest asset mix at the end of each month.
2. The figures above are preliminary estimates.
1. To help better understand the composition of its portfolio, the NPS publishes the latest asset mix at the end of each month.
2. The figures above are preliminary estimates.
Portfolio Changes in Value
(in billion won, as of end-Feb 2022)| Current (preliminary) |
2022 (preliminary) |
2021 (preliminary) |
2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|
| Total (market value) | 918,196 | 918,196 | 948,719 | 833,728 | 736,654 | 638,781 | 621,642 |
| Public Sector | - | - | - | - | - | - | - |
| Welfare Sector | 204 | 204 | 201 | 180 | 166 | 145 | 143 |
| Financials | 916,468 | 916,468 | 948,106 | 833,138 | 736,079 | 638,217 | 621,018 |
| Domestic Equity | 154,061 | 154,061 | 165,808 | 176,696 | 132,261 | 108,914 | 131,520 |
| Global Equity | 240,219 | 240,219 | 256,625 | 192,752 | 166,528 | 112,961 | 108,279 |
| Domestic Fixed Income | 332,388 | 332,388 | 339,991 | 326,099 | 320,751 | 310,993 | 289,401 |
| Global Fixed Income | 64,643 | 64,643 | 63,896 | 44,883 | 30,462 | 26,587 | 23,274 |
| Alternatives | 123,808 | 123,808 | 119,305 | 90,660 | 84,295 | 76,620 | 66,817 |
| Short-term Asset | 1,349 | 1,349 | 2,481 | 2,049 | 1,782 | 2,143 | 1,727 |
| Others | 1,524 | 1,524 | 413 | 409 | 408 | 420 | 481 |
Note:
1. Until a fund management assessment is completed, preliminary estimates are provided.
2. The figures above might not add up due to rounding.
1. Until a fund management assessment is completed, preliminary estimates are provided.
2. The figures above might not add up due to rounding.