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Domestic Fixed Income

For the investment in domestic fixed income, we advocate to achieve extra returns with long-term stability mainly through a buy-and-hold strategy and diversified investment by type, issuer, industry (for corporate bonds) and maturity structure. In the process, we may adjust the duration within the pre-set range based on some factors including the credit of issuers and the spread from risk free bonds.

Overview

(Unit: KRW in Trillion, as of the end of Q2 in 2021)

Asset Value Of the Domestic Fixed-income 338.6, Weight in the Total Fund 37.3%, In-house Management Portion of the Domestic Fixed-income 86.3%

Overview (Unit: KRW in Trillion)
year In-house Total
2016 245.4 279.3
2017 254.6 289.4
2018 273.1 311.0
2019 279.3 320.8
2020 281.8 326.1
2021. Q2 292.1 338.6
Note: The figures above might not add up due to rounding. Until the fund management result is determined, only provisional data are provided.

Breakdown

(Unit : as of the end of Q2 in 2021)
  • Government bonds (KTB) 43.7%
  • Special purpose bonds 18.8%
  • Corporate bonds 11.0%
  • Municipal, Monetary stabilization, Financial bonds 11.2%
  • Bank bonds 10.9%
  • ABS, etc 4.3%
Note: Those detailed figures as of end of every quarter are presented.

Top 10 Holdings

(Unit: KRW 100 million, as of the end of 2020)
Domestic Fixed-income Top 10 list
No. Issuer Amount Weight
1 Government bonds (KTB) 1,379,118 44.29%
2 Korea Housing Finance Corporation 301,090 9.67%
3 Bank of Korea 147,270 4.73%
4 Korea Lands and Housing Corporation 71,254 2.29%
5 Korea Electric Power Corporation 65,569 2.11%
6 National Agricultural Cooperative Federation 39,051 1.25%
7 Korea Development Bank 36,455 1.17%
8 Nonghyup Bank 32,027 1.03%
9 Korea Expressway Corporation 23,307 0.75%
10 Korea National Railway 23,239 0.75%
Note: The data on the owned assets by sector, industry, issuer or type as of the end of the fiscal year is disclosed in the third quarter of the following year according to Article 25 of the Fund Management Guideline and Article 39 of the Fund Management Regulations.