diff --git a/CHANGELOG.md b/CHANGELOG.md
index 7afcf3965..11653d69c 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,6 +5,12 @@ All notable changes to this project will be documented in this file.
 The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
+## Unreleased
+
+### Fixed
+
+- Fixed the value of the active (emergency fund) filter in percentage on the allocations page
+
 ## 1.228.1 - 2023-01-18
 
 ### Added
diff --git a/apps/api/src/app/portfolio/portfolio.service.ts b/apps/api/src/app/portfolio/portfolio.service.ts
index 210b5b838..5b7a8386f 100644
--- a/apps/api/src/app/portfolio/portfolio.service.ts
+++ b/apps/api/src/app/portfolio/portfolio.service.ts
@@ -614,6 +614,8 @@ export class PortfolioService {
         )
         .toNumber();
 
+      filteredValueInBaseCurrency = emergencyFund;
+
       accounts[UNKNOWN_KEY] = {
         balance: 0,
         currency: userCurrency,