The fund's market value decreased by 683 billion kroner to 11,657 billion kroner in the first quarter of 2022. The fund returned -4,9 percent, equivalent to -653 billion kroner. This was 0,66 percentage point higher than the return of the benchmark index.
The fund’s equity investments had a market value of 8,262 billion kroner, while the market value of the fixed-income investments was 3,066 billion kroner. The unlisted real estate investments had a market value of 315 billion kroner and renewable energy infrastructure 13 billion kroner. 70.9 percent of the fund was invested in equities, 26.3 percent in fixed income, 2.7 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.
More than half of the fund's market value is return on the investments, and totaled to -653 billion kroner. 141 kroner was net inflows from the government and -171 billion kroner came from currency. The values in the chart below are in billions of kroner.
The values in in the chart below are in percent.
The return on the fund’s equity investments was -5.2 percent, the return on the fixed-income investments was -4.8 percent, whereas investments in unlisted real estate returned 4.1 percent. The return on unlisted renewable energy infrastructure was -3.3 percent.
Values in billions of kroner.
| 31.03.2022 | 31.12.2021 | |
|---|---|---|
| 1 Total withdrawal of capital shown in this table is adjusted for accrued, not paid, management fees. | ||
| Total inflow of capital | 3,794 | 3,654 |
| Total withdrawal of capital1 | -687 | -687 |
| Total return | 7,355 | 8,007 |
| Management fees | -60 | -58 |
| Accrued, not paid, management fees | 2 | -1 |
| Changes due to fluctuations in krone | 1,252 | 1,423 |
| Market value of fund | 11,657 | 12,340 |
As at 31 March 2022. Measured in the fund's currency basket.
| Since 01.01.1998 | Last 10 years | |
|---|---|---|
| Return on fund | 6.33 | 8.41 |
| Annual inflation | 1.95 | 1.93 |
| Annual management costs | 0.08 | 0.05 |
| Net real return on fund | 4.22 | 6.30 |