At the end of the third quarter of 2022, the fund's market value was 12,216 billion kroner
The fund’s equity investments had a market value of 8,344 billion kroner, while the market value of the fixed-income investments was 3,487 billion kroner. The unlisted real estate investments had a market value of 373 billion kroner and renewable energy infrastructure 13 billion kroner. 68.3 percent of the fund was invested in equities, 28.5 percent in fixed income, 3.1 percent in unlisted real estate, and 0.1 percent in unlisted renewable energy infrastructure. The values in the chart below are in billions of kroner and shows the last five quarters.
The fund's market value increased by 559 billion kroner through the third quarter. -449 billion kroner was return on the investments, 306 billion kroner was net inflows from the government and 702 billion kroner came from currency movements. The values in the chart below are in billions of kroner.
-4,4 percent return in the third quarter
The values in the chart below are in percent.
The return on the fund’s equity investments was -4.8 percent, the return on the fixed-income investments was -3.9 percent, whereas investments in unlisted real estate returned -1.1 percent. The return on unlisted renewable energy infrastructure was -3.7 percent.
Historical key figures
Values in billions of kroner.
|1 Total withdrawal of capital shown in this table is adjusted for accrued, not paid, management fees.|
|Total inflow of capital||4,318||4,012|
|Total withdrawal of capital1||-687||-687|
|Accrued, not paid, management fees||1||0|
|Changes due to fluctuations in krone||2,768||2,066|
|Market value of fund||12,216||11,657|
Annualised return in percent
As at 30 September 2022. Measured in the fund's currency basket.
|Since 01.01.1998||Last 10 years|
|Return on fund||5.56||6.52|
|Annual management costs||0.08||0.05|
|Net real return on fund||3.36||4.18|