GPFN annual geometric average return. Measured in Norwegian kroner. Per cent
 

2025

Last
5 years

Last
10 years

Since
2007

GPNF

        

Portfolio1

12,73

8,07

8,09

7,66

Benchmark index

11,97

7,06

7,22

6,67

Excess return (percentage points)

0,76

1,01

0,88

0,99
         

Equities1

        

Portfolio

17,24

12,31

11,43

8,87

Benchmark index

16,44

11,24

10,59

7,67

Excess return (percentage points)

0,80

1,06

0,84

1,20
         

Fixed income1,2

        

Portfolio

5,17

1,43

2,60

4,49

Benchmark

4,47

0,48

1,67

3,61

Excess return (percentage points)

0,71

0,95

0,94

0,88
         

Real return

      

Inflation

3,19

4,26

3,26

2,65

Management cost

0,07

0,06

0,07

0,07

Net real return

9,18

3,59

4,61

4,81

1 Before management costs are deducted.
2 Nordic fixed income investments commenced in February 2007.

Sources: Folketrygdfondet, Macrobond and Ministry of Finance.