Key figures 3Q 2023
24 October 2023
At the end of the third quarter of 2023, the fund's market value was 14,801 billion kroner
The fund’s equity investments had a market value of 10,445 billion kroner, fixed-income investments 4,015 billion kroner, unlisted real estate investments 325 billion kroner and renewable energy infrastructure 16 billion kroner. Equities made up 70.6 percent of the fund, fixed income 27.1 percent, unlisted real estate 2.2 percent and renewable energy infrastructure 0.1 percent.
The fund's market value decreased by 499 billion kroner through the third quarter. -374 billion kroner was return on the investments, 139 billion kroner was net inflows from the government and -264 billion kroner came from currency movements. The values in the chart below are in billions of kroner.
-2.1 percent return in the third quarter
The values in the chart below are in percent.
The return on the fund’s equity investments was -2.1 percent, the return on the fixed-income investments was -2.2 percent, whereas investments in unlisted real estate returned -3.3 percent. The return on unlisted renewable energy infrastructure was -2.4 percent. The values in the chart below are in percent.
Historical key figures
Values in billions of kroner.
| 30.09.2023 | 30.06.2023 | |
|---|---|---|
| 1 Total withdrawal of capital shown in this table is adjusted for accrued, not paid, management fees. | ||
| Total inflow of capital | 5,275 | 5,136 |
| Total withdrawal of capital1 | -687 | -687 |
| Total return | 7,497 | 7,871 |
| Management fees | -69 | -67 |
| Accrued, not paid, management fees | 2 | 0 |
| Changes due to fluctuations in krone | 2,782 | 3,046 |
| Market value of fund | 14,801 | 15,299 |
Annualised return in percent
As at 30 September 2023. Measured in the fund's currency basket.
| Since 01.01.1998 | Last 10 years | |
|---|---|---|
| Return on fund | 5.84 | 6.39 |
| Annual inflation | 2.12 | 2.44 |
| Annual management costs | 0.08 | 0.05 |
| Net real return on fund | 3.56 | 3.80 |