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Asset Class

Investment Returns

(%, in billion won, as of end-Dec. 2023)
기금 적립금 현황 표
  2023
(Preliminary)
2022 3-Year
(2021-2023 P)
Since Inception
(1988~2023)
Rate Rate Amount Rate Amount Rate Amount
YTD Annualized
Total 13.59 13.59 -8.22 -79,552 5.04 138,378 5.92 577,999
Welfare Sector 0.94 0.94 -0.27 -1 -0.46 -3 5.74 601
Financials 13.61 13.61 -8.24 -79,567 5.04 13,833 5.88 558,047
Domestic Equity 22.12 22.12 -22.76 -37,456 0.21 957 6.53 105,064
Global Equity 23.89 23.89 -12.34 -32,844 11.96 85,556 11.04 167,506
Domestic Fixed Income 7.40 7.40 -5.56 -18,628 0.15 1,519 3.61 175,606
Global Fixed Income 8.84 8.84 -4.91 -3,282 3.47 6,526 4.02 19,886
Alternatives 5.80 5.80 8.94 11,620 11.39 42,870 9.28 88,122
Short-term Assets 4.23 4.23 -0.86 -31 1.63 197 3.18 1,767
Others 2.09 2.09 1.15 16 1.22 50 1.48 269
Note:
  • All the rates of return (%) in the table above are money weighted.
  • Until a fund management assessment is completed, preliminary estimates are provided.
  • In this table, the mid-year returns for Alternatives are on a pre-fair value basis.
  • The return (investment income) might not add up due to rounding.
  • When calculating a rate of return, the actual investment management fees, including "performance-based fees", are reflected.
  • When calculating mid-year returns, the administrative expenses (internal investment management fees and other indiriect costs) are not deducted. However, they are deducted from the financial assets when calculating an end-year rate of return.

Excess Returns (KRW)

(%, %p, as of end-Dec. 2023)
Excess Returns (KRW) chart
2023(Preliminary) 2022 3-Year Average(2021~2023, Preliminary)
Actual Benchmark Excess Actual Benchmark Excess Actual Benchmark Excess
Domestic Equity 22.14 21.35 0.79 -22.75 -23.23 0.47 -0.04 -0.48 0.44
Global Equity 24.27 24.90 -0.63 -12.53 -12.68 0.15 12.15 12.52 -0.38
Domestic Fixed Income 8.08 7.89 0.19 -5.50 -5.55 0.04 0.28 0.18 0.10
Global Fixed Income 9.32 9.66 -0.34 -5.04 -5.92 0.88 3.65 3.65 0.00
※ Benchmark
  • ㆍDomestic Equity: KOSPI
  • ㆍGlobal Equity: MSCI All Countries World Index (ex Korea, Unhedget-to-KRW, customized tax rate)
  • ㆍDomestic Fixed Income: Customized Index
  • ㆍGlobal Fixed Income: NPS Customized Index(ex KRW, Partial-hedged(Other Currencies-USD), Unhedged(USD-KRW))
Note:
  • All actual rates of return (%) in the table above are time weighted.
  • Until a fund management assessment is completed, preliminary estimates are provided.
  • When calculating a rate of return, actual investment management fees, including "performance-based fees", are deducted.
  • Administrative expenses (internal management fees and other indirect costs) are not deducted.

Excess Returns (USD)

(%, %p, as of end-Dec. 2023)
Excess Returns (USD) chart
  2023(Preliminary)
Actual Benchmark Excess
Global Equity 22.17 22.63 -0.46
Global Fixed Income 7.53 7.67 -0.14
Note:
  • Actual rates of return (%) in the table above are time weighted.
  • Until a fund management assessment is completed, preliminary estimates are provided.