Fund Performance

Government Pension Fund Norway (GPFN)

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

2024

Last
5 years

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.