The fund's market value increased by 1,125 billion kroner to 18,870 billion kroner in the third quarter of 2024. The fund returned 4.4 percent, equivalent to 835 billion kroner. This was 0.10 percentage point below the return on the benchmark index.
The fund’s equity investments had a market value of 13,469 billion kroner, fixed-income investments 5,060 billion kroner, unlisted real estate investments 319 billion kroner and renewable energy infrastructure 22 billion kroner. Equities made up 71.4 percent of the fund, fixed income 26.8 percent, unlisted real estate 1.7 percent and renewable energy infrastructure 0.1 percent.
The fund's market value increased by 1,125 billion kroner through the third quarter. 835 billion kroner was return on the investments, 99 billion kroner was net inflows from the government and 191 billion kroner came from currency movements. The values in the chart below are in billions of kroner.
The values in the chart below are in percent.
The return on the fund’s equity investments was 4.5 percent, the return on the fixed-income investments was 4.2 percent, whereas investments in unlisted real estate returned 0.8 percent. The return on unlisted renewable energy infrastructure was 10.8 percent. The values in the chart below are in percent.
Values in billions of kroner since inception.
| 30.09.2024 | 30.06.2024 | |
|---|---|---|
| 1 Total withdrawal of capital shown in this table is adjusted for accrued, not paid, management fees. | ||
| Total inflow of capital | 5,746 | 5,647 |
| Total withdrawal of capital1 | -687 | -687 |
| Total return | 10,905 | 10,070 |
| Management fees | -75 | -74 |
| Accrued, not paid, management fees | 1 | 0 |
| Changes due to fluctuations in krone | 2,980 | 2,789 |
| Market value of fund | 18,870 | 17,745 |
As at 30 September 2024. Measured in the fund's currency basket.
| Since 01.01.1998 | Last 10 years | |
|---|---|---|
| Return on fund | 6.41 | 7.53 |
| Annual inflation | 2.13 | 2.52 |
| Annual management costs | 0.08 | 0.05 |
| Net real return on fund | 4.12 | 4.83 |