October proved to be a strong month for the Pension Fund portfolios, supported primarily by robust gains in global equity markets. This positive performance was underpinned by solid quarterly corporate earnings, optimism surrounding the U.S.-China trade agreement, and further policy rate reductions by the Federal Reserve.

With the highest exposure to global equity markets, the Dynamic Portfolio led the monthly performance with a 1.70% gain, followed by the Balanced Portfolio at 1.43% and the Conservative Portfolio at 1.15%.

 Year-to-date performance remains strong for all portfolios:
🔹 Dynamic – 13.90%
🔹 Balanced – 11.83%
🔹 Conservative – 10.12%

The Dynamic Portfolio also continues to lead in terms of since-inception performance (August 6, 2023), delivering an annualized return of 14.8%, compared to 13.4% for the Balanced Portfolio and 12.0% for the Conservative Portfolio.

As of the end of October, total assets of the Pension Fund of Georgia reached GEL 7.9 billion, with total cumulative returns exceeding GEL 2.1 billion. The number of participants enrolled in the pension scheme is 1 million 686 thousand people. As of October 31, 2025, 24,823 people benefited from the accumulative pension, and 112 million GEL was issued to them as pensions.

The value of pension assets amounts to 7.9 billion GEL, including generated return has exceeded 2.1 billion GEL.