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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 Q3 in 2019)

Asset Value Of the Domestic Fixed-income 321.3, Weight in the Total Fund 45.0%, In-house Management Portion of the Domestic Fixed-income 87.1%

Overview (Unit: KRW in Trillion)
year In-house Total
2014 229.1 258.1
2015 236.5 268.6
2016 245.4 279.3
2017 254.6 289.4
2018 273.1 311.0
2019. Q3 280.0 321.3
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 Q3 in 2019)
  • Government bonds (KTB) 42.1%
  • Special purpose bonds 9.8%
  • Corporate bonds 11.8%
  • Municipal, Monetary stabilization, Financial bonds 13.2%
  • Bank bonds 8.7%
  • ABS, etc 4.4%
Note: Those detailed figures as of end of every quarter are presented.

Top 10 Holdings

(Unit: KRW 100 million, as of the end of 2018)
Domestic Fixed-income Top 10 list
  Issuer Amount Weight
1 Government bonds (KTB) 1,320,979 43.76%
2 Korea Housing Finance Corporation 271,372 8.99%
3 Bank of Korea 178,728 5.92%
4 Korea Lands and Housing Corporation 90,414 3.00%
5 Korea Electric Power Corporation 55,648 1.84%
6 Nonghyup Bank 38,686 1.28%
7 Korea Development Bank 37,011 1.23%
8 National Agricultural Cooperative Federation 36,655 1.21%
9 Woori Bank 35,006 1.16%
10 Korea Expressway Corporation 25,916 0.86%
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.