Fund Performance
Government Pension Fund Norway (GPFN)
Article | Last updated: 10/04/2025 | Ministry of Finance
GPFN annual geometric average return. Measured in Norwegian kroner. Per cent |
2024 |
Last |
Last 10 years |
Since 2007 |
||||
GPNF |
||||||||
Portfolio |
7,65 |
7,30 |
7,53 |
7,39 |
||||
Benchmark index |
6,50 |
6,27 |
6,68 |
6,39 |
||||
Excess return (percentage points) |
1,15 |
1,03 |
0,85 |
1,00 |
||||
Equities |
||||||||
Portfolio |
9,28 |
10,49 |
10,71 |
8,43 |
||||
Benchmark index |
8,33 |
9,63 |
9,88 |
7,20 |
||||
Excess return (percentage points) |
0,95 |
0,86 |
0,83 |
1,22 |
||||
Fixed income1 |
||||||||
Portfolio |
5,07 |
1,85 |
2,38 |
4,45 |
||||
Benchmark |
3,56 |
0,56 |
1,49 |
3,56 |
||||
Excess return (percentage points) |
1,51 |
1,29 |
0,89 |
0,88 |
||||
Real return |
||||||||
Inflation |
2,20 |
3,91 |
3,18 |
2,62 |
||||
Management cost |
0,07 |
0,06 |
0,07 |
0,07 |
||||
Net real return |
5,27 |
3,21 |
4,15 |
4,58 |
1 Nordic fixed income investments commenced in February 2007.
Sources: Folketrygdfondet and Ministry of Finance.