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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)
Total Fund is 99.8%(Financial Investments), 0.2%(Welfare Areas . Others). Financial Investments is 43.0%(Equities), 43.5%(Fixed Income),  13.5%(Alternatives).
Fund Portfolio list
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.

Portfolio Changes in Value

(in billion won, as of end-Feb 2022)
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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.